Key Takeaways

On Friday, July 19 Bitcoins (BTC) dominance was 55%. It then started an uptrend that brought it to 56.5%, where it sat on July 26. That was the highest since April 13, when the market sharply declined.

After the Bitcoin 2024 conference started BTC rose by 6%, continuing its upward trend from the July 5 dip. Despite this rise, some cryptocurrencies have outperformed Bitcoin in the past week, taking some of its market share.

This analysis will cover five cryptos among the top 100 that have outperformed Bitcoin. We will also analyze the outlook for the upcoming week.

Bitcoins market dominance rose steadily from a low of 39% in November last year. On April 13, 2024, following a significant downturn in the cryptocurrency market, it peaked at 57%, the highest level since April 2021.

However, this trend has been losing steam since January, forming an ascending triangle pattern, which can often signal the final phase of an uptrend. This pattern, resembling a rising wedge, suggests that Bitcoins dominance may be nearing its peak, especially as it completes a five-wave advance.

In the short term, more upside is expected to be at least 57.40%, which would be an interaction with the ascending triangles resistance.

The altcoin index shows that we are currently in a Bitcoin season, because the altcoin season index dropped to 16. Interestingly, on June 20 we saw the same value of 16, after which it went up to 46.

In contrast, the last altcoin season began on Oct. 16, 2023, and peaked at 75 in January. As the index returns to lower-range values, we might be about to enter another altcoin season.

The table below shows five cryptos among the top 100 that have outperformed Bitcoin in the last seven days. We prioritize the 7d% change in BTC because that shows the price change against Bitcoins USD value fluctuation. However, we added the price change in USD for comparison purposes.

The cryptocurrencies are listed in order from the biggest winner a seven-day percentage difference. MEW is the biggest outperformer, with an increase of 72.22% compared to BTC, followed by HNT with 18.02%, and FLOW is last place with an increase of 5.07%.

Looking at the comparison chart, we can see that the overtaking took place after July 22, when Bitcoin peaked at nearly $68,500. It decreased by 7.20% on July 25, while these altcoins started to climb, outpacing Bitcoins 7% recovery.

Bitcoins dominance shows signs of an uptrend being completed, and the altcoin season index is at a lower range from which the altcoin season usually begins. Some altcoins have shown positive results and have outperformed BTC after July 22, with their price charts indicating a bullish trend.

In the week ahead, we could expect this sentiment to continue, with potentially more altcoins grabbing their market share and igniting an altcoin season later in August.

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the authors opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Bitcoin Dominance? MEW, HNT, 1000SATS, PYTH, FLOW Outperformed Bitcoin This Week - CCN.com

The crypto market has been buzzing with excitement following the launch of the Ethereum ETF. Many believe introducing a Solana ETF could be the next significant development, potentially marking an important turning point for the altcoin market.

This prospect suggests a growing mainstream acceptance and recognition of alternative cryptocurrencies, potentially encouraging their independence from Bitcoin (BTC).

Given these developments, its worth exploring how platforms like RCO Finance (RCOF) could benefit from the heightened interest in altcoins.

Solana (SOL) is gaining significant attention in the crypto market, particularly with the possibility of a Solana ETF. Financial institutions have also praised Solana (SOL) for its blockchain infrastructure and growing ecosystem, and the stock has sustained a 6.36% increase in the past week.

The approval of Ethereum ETFs has paved the way for this development. With $77.6 billion in market cap, a spot Solana ETF would provide investors with a more accessible avenue to gain exposure to SOL, potentially driving further growth in its market value.

During its debut, Ethereum ETF achieved a staggering $1 billion in trading volume, showcasing remarkable performance that surpassed estimates for Bitcoin ETFs by over 20%. Since the approval of the Ethereum ETF, ETHs volume has grown at least 60% and continues to surge.

On the second day of trading, spot Ethereum ETF recorded a trading volume of $951 million. The increasing demand for Ethereum ETF is expected to increase as Ethereum advances its offerings, potentially introducing more individuals to ETH tokens like RCO Finance (RCOF).

For Ethereum-based tokens like RCO Finance (RCOF), the potential launch of a Solana ETF is also great news. Its adoption is in tune with the broader trend of interest in diversified crypto assets as RCO Finance merges crypto with financial assets via its AI-powered trading platform.

With a user-friendly interface and blockchain-backed technology, RCO Finance is making trading and investing accessible for users worldwide through its AI Robo-Advisor. This product of innovation leverages complex mathematical models and relationship mapping to deliver personalized investment strategies.

The AI Robo-Advisor provides data-driven recommendations, assisting users in making well-informed decisions without the need for costly traditional financial advisory services. The system generates tailored investment strategies for each user by analyzing market trends and individual financial objectives.

Furthermore, using cryptocurrency, RCO Finance allows users to invest directly in various assets, including ETFs, stocks, commodities, FX, derivatives, and other real-world assets (RWAS). This bypasses the traditional process of converting crypto to fiat currency.

To match the scale of operations and mitigate the risk of fraud, RCO Finance records every transaction on an immutable blockchain ledger. Additionally, its smart contracts have been audited by the reputable security firm SolidProof, and regular reviews are planned over the next few months.

RCO Finances native token, RCOF, is currently in its presale stage. Over 50% of the allocated tokens for stage 1 have already been sold, offering a compelling investment opportunity. Priced at just $0.0127, investors can leverage a significant 40% discount by applying the promo code RCOF40.

Participating in the presale grants access to the trading platform and empowers RCOF holders with voting rights to influence the projects ecosystem and steer its trajectory. They also enjoy reduced trading fees, cash prizes, and priority customer support.

Moreover, investors who hold and stake RCOF before launch will not only be rewarded with 30% of the DeFi platforms daily revenues, but they can also anticipate a staggering 3000% return when the RCOF token launches at its projected altcoin price of $0.4 or $0.6.

Investing as little as $50 in the presale can earn up to $1500 when RCOF is officially listed on various crypto exchanges!

For more information about the RCO Finance (RCOF) Presale:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

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Solana ETF is the Future Following the Ethereum ETF Debut, Why This is Great New for Altcoins - NullTX

Several cryptocurrencies saw their prices rise on the crypto price chart on Friday, including the world's most widely used digital assets Bitcoin and Ether. Bitcoin price rose by 4.33 percent over the last 24 hours to trade at $66,945 (roughly Rs. 56 lakh) on international exchanges like CoinMarketCap. The value of BTC on Indian exchanges is still fluctuating in the aftermath of the WazirX hack. At the time of writing, Bitcoin was priced between the range of $53,785 (roughly Rs. 45 lakh) and $71,800 (roughly Rs. 60 lakh) on Indian exchanges.

BTC has rebounded strongly from its weekly losses, driven by positive momentum and the kick-off of a Bitcoin conference yesterday. The asset is now consolidating within an ascending channel. This suggests that its upward trend remains intact, and investor profitability is currently positive, Vikram Subburaj, CEO, Giottus told Gadgets360.

Ether also rose by 2.08 percent during the same period. At the time of writing, ETH was trading at $3,247 (roughly Rs. 2.71 lakh) on international exchanges. In India, Ether's price varies within the range of $2,554 (roughly Rs. 2.12 lakh) and $3,540 (roughly Rs. 2.96 lakh).

Substantial outflows from the Grayscale Ethereum Trust (ETHE) have caused ETH to trade lowly despite small gains. Investors are increasingly worried about regulatory scrutiny and unfavourable market conditions, leading to a noticeable shift in sentiment, the CoinSwitch Markets Desk told Gadgets360.

Binance Coin, Solana, Ripple, Dogecoin, Cardano, and Avalanche increased in value.

Shiba Inu, Polkadot, Chainlink, and Litecoin prices rose alongside Bitcoin and Ether, but Qtum, Status, Circuits of Value, and Near Protocol prices fell on Friday.

Bitcoin has traded sideways, while other altcoins are down significantly. Solana and its ecosystem tokens remain strong. Volatility is expected to remain high with today's PCE Price Index data announcement, the CoinDCX markets team told Gadgets360. China's surprise rate cut and the steepening of the US Treasury yield curve signalled panic, Avinash Shekhar, Co-founder and CEO, Pi42 told Gadgets360.

The overall crypto market cap rose by 3.27 percent over the last 24 hours. With this, the crypto market cap has come to $2.39 trillion (roughly Rs. 2,00,099 crore).

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Bitcoin Price Hovers Under $67,000 on Global Exchanges, Altcoin Values Rise After Price Correction Period - Gadgets 360

The crypto market sits in a calm before the storm, waiting for the next bull run. Altcoins are currently in a sweet spot for entry, showing promising signs of growth yet to come. Some of the most intriguing prospects lie in the domain of AI altcoins. These coins have shown remarkable potential and could transform a modest $1,000 investment into a life-changing $100,000. This article will uncover the top AI altcoin picks that are poised for significant growth. Discover which digital assets could yield astonishing returns as the market gears up for its next explosive phase.

Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

Blastbox V2 offers more than just valuable assets; its a gateway to exclusive privileges on BlastUP. Owners enjoy benefits such as NFT and token airdrops, membership in the BlastUP Club, and priority access to IDOs.

Discover the Full Potential of Blastbox V2

Obtaining Blastbox V2 is your last chance to secure early access to BlastUP at the best price. This launchpad is rapidly emerging as a powerhouse in the Blast blockchain, already making waves with four successful IDOs.

If you are still searching for the next big crypto treasure, look no further. With only 9999 Blastboxes V2 available at launch and packed with unmatched utility, these rare loot boxes are poised to fly off the shelves.

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Injectives (INJ) price, moving between $23.31 and $29.87, shows mixed signals. Bulls and bears are in a tight battle, but recent positive trends hint at a potential breakout. With an RSI at 37.09 and Stochastic at 22.69, the coin is currently oversold, suggesting a bounce-back opportunity. INJs one-week price change of nearly 10%, and a monthly increase of over 20% indicate growing momentum. If it breaks the nearest resistance at $32.29, INJ could surge to $38.84, representing a solid growth of around 30% from current levels.

Render (RNDR) is currently trading within a range, with its nearest resistance level within close reach. Despite recent dips, its relative strength index suggests it is neither overbought nor oversold. Over the past month, RNDR has shown signs of consolidation, giving bulls hope for a breakout. Looking back at patterns from 2021, RNDR has the potential to rise by double-digit percentages if it can break through its current resistance levels. If momentum builds, RNDR could see gains of around 20-30%, challenging even higher targets. The market may be volatile, but the potential for a bullish surge remains strong for RNDR.

NEAR Protocol (NEAR) shows resilience despite the recent market downturn. Trading within the $5.64 to $6.77 range, bulls appear to be watching the $7.20 resistance level closely. With a 13.72% price increase over the past month and a staggering 119.63% rise in six months, NEARs potential for growth remains strong. If bulls break the $7.20 resistance, the next target is $8.33, which would mark a potential gain of around 38% from current prices. The Relative Strength Index (RSI) suggests the coin is oversold, hinting that a bullish trend could be imminent.

INJ, RNDR, and NEAR show potential but may not perform strongly in the short term. In contrast, BLASTUP stands out. Its promising concept and integration within the Blast ecosystem make it a top contender. This could lead to significant gains, offering the highest potential for transformation of an initial investment. The strong fundamentals and ecosystem support make BLASTUP a leading choice in the current market.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Top AI Altcoins: Transform $1K Into $100K With These Picks - The Crypto Basic