The post These 6 Undervalued Coins Are Your Best Shot at Turning $500 into $500,000 This Altcoin Season appeared first on Coinpedia Fintech News In the current cryptocurrency landscape, smart investors are always in search of undervalued altcoins which can give them an unreasonably good return. During altcoin season there are a few tokens you can strategically invest in, and the right investments of $500 can turn into $500,000. RXS Set for Explosive Growth: Presale Raises $27M with Projections of $36 by Mid-January Due to this focus on Real World Assets (RWA), RXS is certainly creating a buzz in the cryptocurrency world. Currently, RXS is in its presale phase and is trading at $0.150 with the potential to reach $36 by mid January. Its strong fundamentals and the growing interest in tokenizing real world assets, support this remarkable potential for growth. Over $27 million has now been raised in the presale with 343 million tokens sold out of a total supply of 380 million. After listing on CoinMarketCap and CoinGecko, and with an audit by Certik, RXS has built credibility in a crowded market. RXS has analysts bullish about it, believing it will outperform many altcoins this coming season. With its momentum picking up pace very fast, and with everyone waiting for its launch, it might actually be a smart move to allocate 80 percent of your $500 portfolio to RXS. Milestone Alert! Rexas Finance has successfully raised $27.8 Million! Thank you for your support! Buy Now: https://t.co/tNJAsvAL8G #rexas $RXS #RexasFinance #crypto pic.twitter.com/xDAJFloQOq — Rexas Finance (@rexasfinance) December 12, 2024 ARB: The Layer 2 Contender With a 68% increase over the past month, ARB, which is currently trading around $1.40, has been anything but stagnant recently. With Ethereum ultimately set to rally towards new all time highs, ARB has the opportunity to ride this momentum. There is a lot of optimism among analysts regarding the ability for ARB to break through resistance levels, and some predictors are forecasting that ARB could rise to $1.60 and $2.20 immediately. L2 SEASON INBOUND? As Ethereum gears up for its rally to new all time high’s, L2’s are getting ready.. $ARB is trying to reverse with an inside bar breakout, if it can we will see $1.60 next, and then $2.20… Patience Pays pic.twitter.com/nk9QaHgyh0 — CRYPTOWZRD (@cryptoWZRD_) December 11, 2024 The buzz around such upcoming layer 2 solutions as ARB is palpable for they help to scale the Ethereum network and lower transaction fees. As Ethereum continues to evolve, ARB is not just a speculative investment but a practical one too, this being due to the existence of the more profound proof of stake features, that many people would want to take advantage of. Mantle: A DeFi Powerhouse Mantle prices are also rising; up 62% in the last month to $1.26, another altcoin that has caught investors’ eye. Analysts say mantle is one of the most underrated ecosystems in decentralized finance (DeFi). The robust fundamentals and an innovative approach make it their favourite ingredients to see it as one of the top layer 2 tokens to watch out for 2024. I`ve never seen a DeFi ecosystem as good as Mantle`s. I`ve already mentioned the reward station program, but recently, they have introduced a new one Stake $MNT in flexible or fixed period, and watch your $ENA reward grow (worth $4.2M) – Visit: https://t.co/bdvBrB3PCn -… pic.twitter.com/moUx2OYwmL — Faycy (@Faycytw) December 11, 2024 If DeFi stays its course and siphons investors from traditional finance, Mantle’s unique play could be very explosive. On top of this, Mantle’s underlying technology and community support lend further confidence of its imminent performance. Kaspa (KAS) Poised for 10x Growth: A Hidden Gem in the Altcoin Market At the time of writing, Kaspa is trading in the region of $0.1635, up about 17.46% over the last 30 days. While it’s far less known than some of its counterparts, analysts believe Kaspa will soar, and can even see a tenfold increase in price as soon as it begins to rally. $KAS when it starts running is gonna do a straight 10X Kaspa is the one to watch! pic.twitter.com/r6KFDGiZZa — Bruiser (@bruiserscalls) December 12, 2024 This is reason enough for Kaspa to be included in any of your investor portfolios. Its growing community and distinctive technology make it likely that it will soon play a bigger part in the altcoin world. Algorand (ALGO) Eyes $1: A Stable Yet High-Growth Option for Blockchain Innovators ALGO at $0.42, analysts believe the coin’s price will hit $1 soon. Algorand is one of the more mature cryptocurrencies in the market with stable growth potential. It has a focus on scalability and transaction speed making it a great option for developers that want to develop decentralized applications. Algorand is appealing for investors looking for a balanced risk reward and more investors also to invest as it is very innovative within the blockchain space. Sei (SEI) Set for Breakout: A Strategic Buy as Price Consolidates Near Key Support Levels Another altcoin worth considering is Sei, now trading around $0.60. Sei’s price likely just completed a wave pattern with relevant support level pivots between $0.54 and $0.39, analysts say. Sei’s journey along these price levels provides an opportunity for investors who can recognize entry points along potential dips. $SEI : The price is likely working on a wave-(B). Relevant support is between $0.54 and $0.39. pic.twitter.com/3PmY2HRskf — Man of Bitcoin (@Manofbitcoin) December 11, 2024 Sei’s market dynamics show that as conditions improve for the broader markets, Sei could be gearing up for a breakout as part of the altcoin season. Conclusion: Seizing the Opportunity With the sidling of what a lot of the market thinks will be an explosive altcoin season, selecting undervalued coins like RXS can be essential to optimising investment returns. RXS has performed well in its presale and is anchored in real-world assets making it the prime choice for those who wish to convert a minimum investment into an exorbitant sum of money. While coins such as ARB, Mantle, Kaspa, Algorand, and Sei also provide a strong case to invest in, it may be that RXS is best positioned to lead the pack of the upcoming market cycle. If you’re strategic about allocating your portfolio and pay special attention to RXS, chances are you will be in a great spot to take advantage of those coming opportunities in the ever-changing world of cryptocurrency. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance
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Bitcoin ETF Inflows Surge by 168% Crossing $35 Billion Milestone
The inflow into Bitcoin exchange-traded funds (ETFs) has experienced an impressive surge, reaching a new milestone on December 12. Bitcoin ETFs saw a significant increase of nearly 168%, pushing total net inflows to surpass $35 billion for the first time. This surge marks an 11-day streak of continuous inflows, reflecting growing investor confidence in Bitcoin and other cryptocurrencies as viable investment options. 1. Crypto Everywhere: A Growing Trend The rise of Bitcoin and other cryptocurrencies has also impacted various industries, including the iGaming sector and online casinos. Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin have become popular payment methods in online gambling due to their security, low fees, and ability to offer fast cross-border transactions. Players and operators alike appreciate the privacy of digital currencies, for example, at a crypto casino, no KYC checks are required when signing up. It’s a more discreet way to engage in transactions than traditional payment methods while retaining all of the benefits of an online casino. The video gaming industry has seen a rise in play-to-earn games that all accept crypto as payments, have their unique cryptocurrencies made, and/or even provide various crypto as a form of reward and payment for the best gamers. The global play-to-earn games market size was $1.35 billion in 2024 and is expected to reach $6.32 billion by 2032, so we will see how this rising trend unfolds. 2. Bitcoin ETF Inflows Hit Record High According to data from SoSoValue, Bitcoin ETFs saw $597.57 million in inflows on December 12, significantly higher than the $223.03 million from the previous day. This nearly 168% increase is a notable leap in the market, bringing total net inflows into Bitcoin ETFs to $35.17 billion, a record figure. The trend of inflows has continued consistently for several weeks, signaling that institutional investors are increasingly adopting Bitcoin as part of their portfolios. Many of these inflows have been directed toward BlackRock’s Bitcoin ETF , the iShares Bitcoin Trust (IBIT), which saw $431.6 million in new investments. BlackRock, the world’s largest asset manager, has seen its total net flows reach $35.49 billion since the fund’s inception, further solidifying its position in the growing Bitcoin investment space. 3. Grayscale’s GBTC Fund Sees Outflows Despite the overall positive momentum in the Bitcoin ETF market, Grayscale’s GBTC fund was the exception, reporting outflows of $48.4 million on December 12. This was the only fund to experience a negative net flow on the day. However, this did not overshadow the overall growth in Bitcoin ETFs, as most funds continued to see a steady rise in investor interest. 4. Bitcoin Trading Volumes and Price Movements The total trading volume for Bitcoin ETFs on December 12 reached $3.15 billion, after previously topping 3 trillion , but is now slightly down from the previous day’s $3.97 billion. Bitcoin was trading at $99,985 per coin at the time of the report, reflecting a minor 0.7% decline from the previous day. Despite the slight dip in price, the significant increase in ETF inflows demonstrates a positive outlook from investors focused on long-term growth rather than short-term price fluctuations. 5. Ethereum ETF Inflows Rise Sharply Ethereum ETFs have also witnessed impressive inflows, with a reported $273.67 million on December 12, marking a 168% increase compared to the previous day. BlackRock’s ETHA fund captured the largest share of this growth, attracting $202.31 million in investments. Other Ethereum-focused funds, including Grayscale Ethereum Mini Trust and Fidelity’s FETH, also saw substantial inflows. 6. Ethereum Price and Market Trends At the time of reporting, Ethereum was trading at $3,917 per coin, showing little movement from the previous day’s price. While Bitcoin continues to dominate the cryptocurrency space, Ethereum’s position as the second-largest cryptocurrency by market capitalization is further solidified by the rise in its ETF inflows, indicating strong investor sentiment and belief in its long-term value. coinpedia
Doodles NFT collection teases potential token launch
Doodles NFT collection hints at a possible token launch, boosting floor prices and sparking community speculation and interest. The post Doodles NFT collection teases potential token launch appeared first on Crypto Briefing . coinpedia