The percentage price change in some major cryptocurrencies is stronger than that of bitcoin

Bitcoin continues to trade in a narrow range at $62-64 thousand, but some of the largest cryptocurrencies by capitalization show more noticeable growth dynamics.

The growth leader among the top 20 largest crypto assets is NEAR. This is a native token of the blockchain platform NEAR Protocol. Among the tokens of ecosystem blockchains or so-called first-level networks, positive dynamics is also observed in BNB of the BNB Chain network from Binance exchange and TRX – a native token of the Tron ecosystem.

Cryptocurrency aggregators refer to the group of tokens of Layer 1 (L1) blockchain coins. And which serve as the underlying infrastructure for applications, tokens and protocols. These include Ethereum, Solana, Cardano or TON, among others.

Of the other tokens in the category, entrepreneur Justin Sun’s Tron blockchain token TRX showed growth. TRX rose almost 10% over the week with a capitalization of $10.5 billion.

Other Tier 1 networks from the top 20 in terms of capitalization, such as Solana, Cardano and Avalanche, generally follow the dynamics of bitcoin or fall in value even more actively. Solana, Cardano and Avalanche blockchain tokens lost about 5% during the week.

Our experts note that the largest price drop among ecosystem blockchain tokens is observed in TON – the coin has fallen in price by 15% over the past week. It reached $7.2 before Pavel Durov’s speech at the cryptoconference in Dubai. And after the speech of the Telegram founder, the token systematically fell in price. As of April 29, Toncoin is trading at $5.2.

The crypto market is full of platforms that make Airdrop for active users. Our experts tell you how to identify a promising project based on three criteria

Airdrop has become an extremely popular trend in the cryptocurrency market. On the one hand, users are migrating en masse to second-tier networks in the expectation of hunting for future Airdrops there. On the other hand, projects everywhere announce the release and distribution of tokens in advance in order to attract the audience.

Thus, the market is in a hype, which greatly disperses the attention of users. Previously, there were only a few projects on the public ear, for the manifestation of activity in which you should expect a solid distribution of tokens. Now, since money and time are limited. And there are a lot of options – we have to choose which Airdrop is really worth hunting for.

The first and foremost criterion in selecting a project is the amount of investment involved in that project

There are several reasons for this. First, the presence of large financial injections indicates a potentially high valuation of the project in the future. This directly affects the rate of the future token and, consequently, the size of the eirdrop in terms of dollars.

Secondly, the presence of large investors is also a kind of guarantor that there are no fraudsters behind the platform. As a rule, investment funds do know where they put their money. The identities of the developers are known, where they live, where they are registered. This significantly reduces the risk that the founders of the project will be able to misappropriate the assets of users and hide with them. Since in this case it will be easier for the police to find them.

Third, significant investment is a resource for both creating a good product and organizing a successful marketing campaign.

It is especially good when the investors are well-known large investment funds. For example, such as Binance Labs, Blockchain Capital, a16z and others. These are titans of the crypto market who know their business and usually support projects at the development stage and beyond.

Second criterion is the number of users and competition in this Aridrop

The presence of large investments and big names among investors is not enough. At least because the project may fail and not pay off. But another reason could also be “overfarming”. When there are too many users hunting for a giveaway. And the allocation of tokens for each may turn out to be too small.

So, if you have chosen a few projects with good investments. Then you should check them for the number of users chasing the future Airdrop. Or check what you need to do to get at least into the first 50% of the user rating.

To do this is not so easy, projects do not always give transparent information on this matter. So you have to look for it in roundabout ways. Here are two options:

Today, many projects have introduced a points system, on the basis of which future tokens will be distributed. As a rule, the project publishes a rating of users by the number of points they have accumulated. Having analyzed this rating, you can estimate what you will need to do to get ahead of most of your competitors.

If, say, to get into the top 20-30% of users will require a huge effort – probably, the project is “overfarmed”, and it is not worth spending time and money on it. And vice versa: the easier and cheaper it is to gain points and move higher in the ranking. The greater the potential of the airdrop size specifically for you.

Another example: the derivatives platform Satori.
Despite the huge number of users, get into the first 10 thousand by rating. And it is enough to invest on the platform a couple of thousand dollars for a few weeks.

In the second option and when working in the networks of the second level, the analytical platform Dune will help you. It allows you to see statistics on different blockchains for all wallets. You can find out how much users have invested. And how many transactions they made and for how much, how many days and months they were active.

Based on this information, you can figure out what you need to do to outperform most of your competitors in terms of activity. Our experts recommend trying to get at least into the first 30% of the rating. It is likely that those who are not in the top 50% will be left without an Airdrop or receive a low allocation.

Third criterion is the time the project has been in existence and the expected time to Airdrop

We have selected a few projects with large investments – then we have weeded out those with large competition – now we need to understand how long we have left to wait for a potential Airdrop. If there is a high probability that the distribution will be in a month or two, it is better to skip this project for two reasons.

First, you risk not having enough months of activity to get an eirdrop.

Secondly, even if you know that airdrop is a month away and the snapshot hasn’t been made yet – it’s still debatable to stop on this project. You’ll be way behind in points from early users and won’t have time to gain much allocation. Therefore, it only makes sense to participate in such giveaways if there are no alternatives. It is better to strive to join the project at an early stage.

Conclusions

It is not easy to find interesting projects with good airdrop potential, but it is not so difficult. Yes, you need to spend time, gather statistics and analyze them. But this is the job of an ” airdrop hunter”, and it is important to do it. It will help you avoid an extremely unpleasant situation. And in which you will not only waste money and time on an empty project. And you’ll also miss out on another good giveaway.

Of course, you can do simpler and focus on airdrop, which are known to everyone. This is also a working solution: if a huge community is hunting for a particular giveaway, it’s for a reason. However, by following the masses and Influencers, you are more likely to arrive at an “overfarmed” project and later than others.

Your main task is to find a project with good investments, enter it before the majority. And when it becomes famous – move to the next potential airdrop.

The growth of TON price coincided with the public expansion of the messenger. Our experts assessed the prospects for a cryptocurrency ecosystem with its support

The cryptocurrency Toncoin (TON) has secured its place in the top ten largest crypto assets by capitalization. And at the same time taking the ninth line of the CoinMarketCap rating between Dogecoin and Cardano. The price of the coin has grown two and a half times in the past month. The growth of its rate was greatly accelerated after the release of an interview of the founder and owner of Telegram Pavel Durov to the Financial Times. And in which he said that the messenger received a preliminary valuation of $ 30 billion before a possible IPO.

In the sensational interview with Tucker Carlson, Durov mentioned that he had “several hundred million in dollars and bitcoins” 10 years ago. And he “didn’t do anything with them” because Telegram was “never about money” for him. Earlier, Durov said that of all cryptocurrencies he only holds Bitcoin and Toncoin.

Cryptocurrencies in Telegram

Formally, Telegram has nothing to do with projects in the TON ecosystem. And for which Toncoin serves as the main currency. But the messenger team is obviously supporting the developers. The messenger interface includes a cryptocurrency wallet that supports only bitcoin, USDT stablecoin and Toncoin itself. In it, you can also activate an additional Ton Space wallet. And which serves to interact with online projects operating on the TON blockchain. And tokens and NFTs issued on this blockchain.

On April 19, Durov is scheduled to make an announcement at the Token2049 cryptocurrency conference in Dubai together with Paolo Ardoino, the head of Tether, a USDT steiblcoin issuing company. Officially, the topic of the speech was not advertised. But in thematic Telegram channels and chats, the probable launch of USDT in the TON network is widely discussed.

Possible difficulties for the growth of the Ton ecosystem

The main difficulty that awaits TON is related to the market’s transition into the inevitable phase of correction. The bulk of the audience today are “newcomers looking for an easy profit”. And the cryptozyme crisis will hit such people the hardest, our experts believe. Indirectly, there are also risks from the U.S. Department of Justice, which may provoke new proceedings against Telegram. Especially since the precedent already exists in the legal field of the country and transferring it to a new token will be easier from the point of view of the law.

Possible difficulties may be related to excessive attention of regulators, primarily the US and the EU. Formally, Toncoin may fit the definition of an investment contract. And be considered as a security by the US SEC. In Europe, MiCA legislation comes into full force this year, and how European regulators will classify Toncoin is still unclear.

Another potential problem is abuse by criminal elements. This point will be especially relevant if the TON blockchain is used to issue stablecoins. For example, the Tron network (the most popular of those on which USDT operates) has already been accused of aiding and abetting terrorists. According to the U.S. authorities, Tron is used by them even more than bitcoin – it is the stablecoins that are used first and foremost.

SnoopyBabe is not just a memecoin project dedicated to China’s cutest cat. This project has launched a useful Ecosystem: SnoopyBabe TON Tools | SnoopyBabe SOL Tools | SnoopyBabe Play | New app Web3 Soon

SnoopyBabe combines in its ecosystem several Solana and Ton networks, two of the fastest and most promising blockchains. The project initially launched its $SBABE token on the Solana blockchain. And it also launched a useful Web3 ecosystem on the Solana network, which is constantly being expanded and updated.

The SnoopyBabe ecosystem on the Solana network and their token $SBABE

SnoopyBabe SOL Tools bot V1.1

SnoopyBabe developed and are launching SnoopyBabe SOL Tools: https://t.me/sbabe_tools_bot

This bot will be useful first of all for investors to have all useful tools for Solana in one place.

In this version 1.1 , you can track price changes on other projects and receive customizable notifications. This project increased to 15 contract addresses for tracking in this version.
Additionally in this Version 1.1 they added Security Check feature: Mintable | Mutable Info | Creation TX | Ownership Renounced | Creator Address | Creator Balance | Token % of Creator | Freezable. In a future V1.2 update, they add the LP Burn | LP Locked check feature, as well as expand the number of contracts in the basic free version and add other useful features.

A little later they will add paid subscriptions that will give advanced features, but all the basic features will be available for free. The project will also add a referral program so that you can recommend SnoopyBabe SOL Tools to your friends and colleagues and get additional bonuses and rewards.

SnoopyBabe Play: Solana Web3 blockchain gaming platform

Play, earn and have fun together at SnoopyBabe: https://play.snoopybabe.com 

SnoopyBabe are launching this new kind of Web3 ecosystem through which you can test your luck and try to win $Solana or $SBABE tokens. All SnoopyBabe games in our “Play” section uses a verifiable randomized game protocol on the chain, Gamba. (https://explorer.gamba.so/) Guacamole, Fronk Casino, SolVegas, etc. are launched on this platform. But you can see SnoopyBabe design and  development has gone further than these projects. Just compare SnoopyBabr Play site and slots and you will see the huge difference yourself! Therefore, everything is completely clear and safe.

SnoopyBabe Web3 ecosystem on the TON network and their token $SBABE

SnoopyBabe TON Tools V1.0: a useful tool for all investors on the TON network

SnoopyBabe TON Tools has officially been added to Ton.app – https://ton.app/utilities/ton-tools-bot?id=1546

SnoopyBabe developed  and are launching SnoopyBabe TON Tools. This bot will be useful for all investors in the TON network. Investors will be able to receive customizable price change alerts to make a timely decision to sell or buy. In this version, you can add up to 10 contract addresses for tracking purposes. This early version adds a Security Check (Audit): Check for Ownership Revoked | Check for Mint more jettons | Check for Change Metadata.

In the next updates project improve the Security Check and add more parameters that bot will check. Additionally project will integrate Telegram Wallet into SnoopyBabe TON Tools and that will allow investors to buy and sell directly in bot. In the future project will add SnoopyBabe Sniper TON Bot feature that will allow to quickly find new projects in TON network and make profitable deals for investors at an early stage. SnoopyBabe TON Tools starts with the V1.0 release, and then every month additional useful features and functions will be added.

A little later project will add paid subscriptions with payment feature in $SBABET and $TON, which will give advanced features, but all basic functions will be available for free. SnoopyBabe TON Tools will be a separate ecosystem within their main ecosystem.

Fairlaunch of the $SBABET token (Ton network) on the Launchpad TonRaffles

The project is currently running a Fair Launch for their new token $SBABET. It is taking place on the TonRaffles Launchpad and will run until April 02. The project has already raised over 1000 TON and continues to grow. Also works affiliate program: bring friends and contacts on your affiliate link and get 5% in TON from the amount of their participation.

Tonraffles Launchpad: https://tonraffles.app/jetton/fairlaunch/SBABET

Conclusions

This project though is a live cat meme from China, but it’s not just a meme coin. They are working hard on their ecosystem and constantly expanding it. They are releasing new useful applications, and as we have checked they are immediately working versions and not empty promises. And also as we noticed everything looks very high quality. Now they want to combine two networks in their ecosystem and launch more useful applications and even create a bridge between the networks. But as said by SnoopyBabe project developers they don’t give empty promises. And that’s why they announce only when their useful application is ready to launch. You can see their project yourself and check their already launched ecosystem and check everything yourself.

Website: https://snoopybabe.com/
SnoopyBabe TON Tools: https://t.me/sbabet_tools_bot
SnoopyBabe SOL Tools: https://t.me/sbabe_tools_bot
SnoopyBabe Play: https://play.snoopybabe.com/
White Paper V3.0: https://snoopybabe.com/Snoopy_Whitepaper.pdf
FAQ: https://docs.snoopybabe.com/sbabe/

A whole list of cryptocurrencies from the memecoins category have risen in price by hundreds of percent over the past month

Bitcoin has risen in price about one and a half times in the last month, so that its price has exceeded $66 thousand. But several well-known cryptocurrencies from the list of memecoins have overtaken the first cryptocurrency in terms of growth rates and brought their investors hundreds of percent of profit.

In the last 24 hours alone, the largest memecoins by capitalization have risen in price by tens of percent, according to CoinMarketCap. Among them, Pepe (PEPE), Bonk (BONK) and DogeCoin (DOGE) were the leaders of growth, adding 60%, 50% and 20% respectively.

Memecoins often grow significantly in value after Bitcoin and Ethereum rallies, and traders redistribute profits into altcoins.

The trigger for the rise in the price of memecoins may have been the soaring price of the PEPE token.

This happened after Binance, the world’s leading cryptocurrency exchange, launched a promotion with an opportunity to get PEPE tokens as a reward.

Over the past seven days, PEPE has increased in value by 376%, and over the past month the coin has risen by 632%. The trading volume of the token on exchanges has increased by 100% in the last 24 hours and reached $3 billion.

This time, the growth of memecoins coincided with another wave of popularity of DOGE, which almost doubled in price in one week. The capitalization of the asset reached $24 billion. Dogecoin is in the top ten leaders in terms of market capitalization according to CoinMarketcap.

The Shiba Inu memecoin (SHIB), inspired by the Shiba Inu dog breed, was in the growth leaders, adding 30% in the last 24 hours. A mechanism to reduce the number of tokens in circulation continues to support its price. Earlier this month, the development team announced that more than 643 million SHIB tokens were burned during February.

Despite the risk of high volatility, some large platforms, such as Solana, see memecoins as a way to expand their ecosystem and interact with users.

On March 4, for example, the Bonk memecoin (BONK) rose in price by 56%. Over the past six months, the price of this cryptocurrency has increased by thousands of percent largely due to the integration of the token into the Saga smartphone from Solana developers. And whose owners could claim a free BONK token giveaway.

The current rise in the cryptocurrency’s price coincided with the announcement of the BONK token development fund’s partnership with Revolut, the largest licensed fintech company. And serving over 38 million customers across Europe. Floki Inu, a meme cryptocurrency inspired by Ilon Musk’s dog, has broken into the top ten in terms of growth.

In the last seven days, the price of the FLOKI token has increased by 326%. Floki developers decided to pour oil on the fire by announcing in late February the burning of 2% of the total volume of tokens, which amounts to almost 200 billion FLOKI. Token burning is often considered by analysts as a factor that favors token value. New memcoins launching in late 2023, before the start of a bullish period in the crypto market, are generating notable returns for early investors.

New memecoins launching in late 2023, ahead of a bullish period in the crypto market, are generating notable returns for early investors.

The Solana blockchain-based token WIF has become one of the top altcoins in terms of growth over the past week. And having risen in value by nearly 400%. The growth was largely fueled by the token’s addition to leading US brokerage platform Robinhood.

Our experts note that In late February, analytics platform Lokonchain reported on a trader who made almost $1 million on WIF. Back in November 2023, he bought 2.58 million WIF for $310 in the Solana cryptocurrency. On February 27, the price of WIF rose to $0.57, and the value of the coins owned by the trader reached approximately $1.4 million. Thus, his profit from investing in the WIF token was 4500%.

The Uniswap proposal involves distributing a portion of the commissions. And which it charges from exchange pool liquidity providers to the UNI token holders involved in managing the protocol

The management token of leading decentralized exchange Uniswap (UNI) rose 70% in just an hour and a half on February 24. And reaching the maximum since April 2022. This happened after the developers suggested sharing the service’s revenue with token holders.

The UNI token is the management token of Uniswap, the largest decentralized cryptocurrency exchange by capitalization. Its holders can participate in the management of the protocol through voting on various community proposals. Right now, the UNI token is trading at $10. But trading volumes dropped by more than 50% a day after the initiative appeared. The total value of blockchain assets on Uniswap exceeds $5 billion.

Uniswap Foundation announced a new motivational strategy for UNI token holders. The company plans to distribute commissions from protocol transactions to UNI token holders. And actively participating in the protocol management process. Key parameters related to commissions will continue to be controlled by the Uniswap Foundation itself.

Devin Walsh, executive director of the Uniswap Foundation, said the proposal aims to incentivize active delegation (of votes). And which will lead to the long-term success and sustainability of the protocol.

This isn’t the first time the idea itself has been brought up for discussion, but this is the time when it could actually be implemented. According to Blockworks analyst Matt Feibach, it is unlikely that the Uniswap Foundation would have taken such a step without carefully assessing the sentiments of the largest token holders.

The idea of sharing profits with token holders immediately resonated with other projects. Following Uniswap, the Frax Finance protocol team is going to put a proposal to the community to vote on the distribution of the protocol’s revenues among the holders of the project’s derivative tokens. Following the publication that Frax plans to follow Uniswap’s lead, the FXS token reacted with a short-term rise of 16%.

Our experts also note that the founder of the largest NFT platform Blur and the new blockchain ecosystem Blast under the pseudonym Pacman is also interested in the implementation of a user reward mechanism. And like Uniswap: he stated that the Blur community should follow their lead. The Blur token reacted to the publication by growing by more than 10%.

Today, let’s consider the idea of investing in four altcoins. Each of the presented options has a fairly high capitalization.

And volatile technical model and are real active projects. The assets are also traded on large centralized exchanges. So why invest in altcoins. And not to buy Bitcoin  or ETH? There are quite a lot of reasons, let’s highlight the main ones:

• Moving away from the classic concept of buying market leaders;
• Achieving more meaningful financial results due to volatile asset models;
• Portfolio diversification;
• Striving to “beat the market” in terms of returns;
• Some altcoins are near historical lows, which increases the calculated mathematical expectation of the transaction.

All of the above points lead to one goal – to increase portfolio returns by acquiring volatile assets.

Filecoin (FIL)

30th place by market capitalization. Up to 40% of the crypto portfolio. In 2023, the price approached the $2.3 multi-year lows twice. Each test of the level resulted in creation of trend source – market maker’s position to buy. The source consolidation level is $4.3 and is equal to current prices. From a technical point of view, this is a great time to buy the asset.

After the breakdown of the $9 level, the price will move into the global growth phase with the aim of reaching the locked volume (market maker’s position to sell) – $24. And then to the range of $35 – $41.5, where it is necessary to close the position.

Thus, the trade would look as follows:

• Buying at current prices ($4.4)
• Take Profit (TP) $35 – $41.5
• Stop Loss (SL) $2.2
• Expectation up to x10

VEChain (VET)

38th place by capitalization. This is one of the altcoins that is suggested to buy up to 20% of a cryptocurrency portfolio.
This technical combination is the basis for the formation of a position in the asset with the main goal of reaching the locked volume of $0.076. Based on which, we can plan the trade as follows:

• Buying at current prices ($0.0186)
• TP $0.076
• SL $0.013
• Expectation x4

EOS (EOS)

52nd place in Crypto Market Capitalization. This is one of the altcoins that is suggested to buy up to 20% of a cryptocurrency portfolio.
The technical picture of the asset differs from the previous ones. Mainly by the fact that the source of the trend is just forming in the market. And as a consequence, it is possible to form a position at the beginning of a growing cycle.

It is possible to enter the deal both at current prices ($0.744). And in case of decrease to the level of $0.69. It is also possible to consider a combined option – to enter the deal at current prices. And on the part of the capital allocated for this asset, and after the decrease to gain on the rest. Thus, it will be possible to utilize all allocated funds for this asset. And form a position with a low average purchase price.

After exceeding the level of $0.832, the source will be considered fixed. And the asset will move into the growth phase with the targets of $1.36, $2.75, $5.

The trade will be as follows:

• Buy at current prices
• Extra at the decrease to $0.69
• TP $1.36, $2.75, $5
• SL $0.48
• Expectation up to x6.7

Dash (DASH)

93rd place in capitalization. This is one of the altcoins that is suggested to buy up to 20% of a cryptocurrency portfolio.
At the moment, a trend source is being created. At this stage, a position with a low average purchase price can be formed.

Transaction structure:

• Purchases at current $31
• Additional at the decrease to $28.6.
• TP: $68, $126, $215
• SL: $20

Disclaimer:

Crypto-Upvotes does not provide investment advice. This material is for information purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

Our experts assess the prospects for the Litecoin cryptocurrency and tell us what will drive its price up

In the current cryptocurrency market, Litecoin (LTC) looks attractive to buy. There are several reasons for this.

Firstly, the launch in the US of a new exchange for institutional investors, EDX Markets. In terms of funding, the exchange is backed by well-known professional participants such as Citadel Securities, Fidelity, Charles Schwab, Sequoia Capital and Virtu Financial. The exchange allows trading in a limited list of cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

For example, if you look at Bitcoin Cash (BCH). You can see the reaction in just over a week has increased in value by 3 times.

A similar scenario can be expected from the cryptocurrency Litecoin (LTC). It is close to a yearly high. If we draw an analogy with BCH. After the upward breakout of a significant high, the upward trend began to accelerate.

Second, the continuing risk appetite on global stock platforms. A number of public companies have already fully recouped the decline of last year, and some even updated their historical highs.

Trade plan
Buy LTC after a breakdown of $106;
Risk of 10% of the capital;
Stop loss $96;
Take profit – $150.

Disclaimer:

Crypto-Upvotes does not provide investment advice. This material is for information purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

Our experts told us why it is too early to talk about the start of general growth of altcoins (Altseason) other than Bitcoin and Ethereum. And what market conditions are needed for this.

The former head of BitMEX crypto exchange Arthur Hayes, known for his analytical forecasts on the cryptocurrency markets, announced the onset of the next Altseason. At the same time, he pointed to the sharp growth of Ethereum as the basis of his assumption.

Altcoin season (Altseason)  is a slang term for cryptocurrency traders that refers to a period of active one-time growth of alternative cryptocurrencies. Altcoin season is thought to take place in four phases: the rise of Bitcoin, the rise of Ethereum, the rise of large-capitalized cryptocurrencies, and the massive growth of the rest of the crypto market. This includes low-liquid assets with no fundamental value. Which is accompanied by a massive rush by retail traders.

Our experts told us why it’s too early to talk about an altcoin season and what market conditions are needed for it to start.

Altseason hasn’t started yet

Despite numerous claims that an “Altseason” has started in the digital asset market, our experts cannot agree.

Since the start of this year, Bitcoin’s (BTC) dominance has seriously increased. And at the moment, it shows no signs of decreasing. In general, Bitcoin has shown one of the most consistent dynamics in the cryptocurrency market since January. While the standard model of market behavior in the period of altcoin growth is the presence of BTC rate in a medium-term “sideways”. And without a strong rise or fall, and currently the medium-term uptrend on BTC is too confident for “Altseason”.

As for altcoins themselves, we can notice that there is no active capitalization growth there. Individual low-capitalized assets are “growing.” But this is not an indicator of the altcoin season, it only speaks to the local interest of participants in these assets.

The TOTAL2 index, which measures the growth of the total market capitalization of all altcoins (not including Bitcoin), is very slightly ahead of the total market capitalization index (TOTAL). This indicator shows that there is no multiple growth in demand for altcoins.

An important factor of Altseason is also the growth of the volume and number of transactions in the networks. As well as the growth of developer activity and audience activity. Again, we see growth of these indicators in individual assets. For example, in Ethereum, which had a successful fork allowing to take tokens from stacking. But overall, we are not seeing multiples of growth in investor and developer activity right now. After strong growth in January and February, the market is now looking for some balance. Which again does not signal that we have started an altcoin season.

When to expect growth

Our experts think that such a season is quite possible this year. But not before the second half of the year. The cryptocurrency market is still gathering energy for growth. And although we passed the bottom at the end of last year, the market has not yet reversed upwards: it takes time.

The growth season for cryptocurrencies, including altcoins, will start with the stabilization of stock markets. For that, there needs to be no geopolitical shocks. And also there were no problems such as still ongoing problems with banks in the U.S. and Europe. And also there were no predictions of an imminent global recession, and there are more and more of them.

Crypto Upvotes experts offered to collect their investment portfolio of six tokens of promising projects for Ethereum scaling

Projects that solve the problems of scaling blockchain networks and Ethereum in particular. Now they are actively developing and attracting funding, which indicates a high interest of investors in these solutions. And expectations of growth of capitalization of this sector.

Ethereum’s transition to the Proof-of-Stake (PoS) algorithm in the network is proceeding smoothly: the problems with coin inflation and now with the withdrawal of tokens from staking with the Shapella update have been solved. But the issues of scaling the network, that is, making transactions in it faster and cheaper, have yet to be resolved.

According to the team’s plans, that will take two years. And during that time, Layer-2 projects that offer off-the-shelf extensions to scale Ethereum could cover the growing demand for the network.

Given how actively Ethereum is developing, the demand for it will only grow in the near future. Not only from within the industry, but also from external users. Who want to implement blockchain solutions with high security, speed and economy of transactions. Layer-2 solutions will obviously be in high demand in the coming months as well.

Our idea for an investment portfolio:

Buying a portfolio of tokens at current market prices in the following ratio:

• Polygon (MATIC) – 25%
• Synthetix (SNX) – 20%
• Optimism (OP) – 15%
• Loopring (LRC) – 15%
• Celer Network (CELR) – 15%
• Immutable (IMX) – 10%

This portfolio makes sense to hold till the end of the year. Since the main market movements may start in Q3-4.

Risks:

The main risk for this token portfolio will be a drop in market capitalization due to fundamental negative events. Such as external – the impact of inter-market relations and macroeconomics. As well as internal, it is the strengthening of regulatory pressure and problems of the projects, tokens of which are included in this portfolio.

It is also worth bearing in mind that the May-July period is historically weak for the growth of prices for digital assets. Therefore, the main movements on tokens from the portfolio may start in the second half of this year.

Disclaimer:
Crypto-Upvotes does not provide investment advice. This material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.