Welcome to the crypto site. My name is Victor, and today: Entry to the Crypto, buy Token, 11-06-2024. Join the discussion on the CryptoViktor
Entry to the Crypto, buy Token
I look at the technical analysis and forecast of cryptocurrencies, in particular altcoins, and analyse investment opportunities. This is not a financial recommendation, so make your own decision. I wish you successful crypto trading and investment
Market overview and entry points
On 11 June 2024, we will look at what can be done with altcoins, what are the entry points, and what is worth buying.
Bitcoin and the alt-season
Bitcoin and altcoins are very much related. Bitcoin is now back in season, which means that investors’ attention is once again focused on it. Bitcoin’s dominance indicators show that its market share is growing, but altcoins are also taking a significant share, and this season, their share could reach 40%.
The dominance of altcoins
The altcoin dominance indicators without the top 10 show that the bulk of altcoins have the potential to grow. In 2021, we saw strong growth in altcoins, and this scenario is now expected to repeat itself in early autumn.
Analysis of individual cryptocurrencies
Bitcoin (BTC)
As of today, bitcoin has experienced a short-term decline, but it is expected to return to the middle zone of the corridor. Momentum indicators are showing a levelling off, which indicates a possible upside.
Avalanche (AVAX)
On the monthly timeframe, AVAX continues to be in a downward phase, but is expected to rise to the mid-$75 area in the summer. This repeats the structure of the previous bull run.
Polkadot (DOT)
Polkadot has very attractive buying opportunities. The current price allows us to expect significant profits in the upcoming growth cycle. It is important to follow the weekly and monthly timeframes.
Cosmos (ATOM).
The price of ATOM at $7.7 is very attractive for buying. On the weekly and monthly charts, we see potential for growth.
Uniswap (UNI)
Uniswap is also in a favourable position to enter, with the possibility of significant growth in the future. Prices at $6-7 are very attractive.
Chainlink (LINK)
Chainlink has started the accumulation phase and is preparing for growth. The weekly chart shows that it is ready to rise.
Ethereum (ETH)
Ethereum is currently in the accumulation phase at the level of 3-4 thousand dollars. It is expected to rise to new highs in the winter.
Ukraine
To sum up, the cryptocurrency market is in the accumulation phase with the potential for growth. Bitcoin and altcoins show signs of being ready for new heights. Investors should pay attention to technical indicators and keep an eye on the main entry points to make profitable purchases
I wish you all successful investments and remind you of the importance of supporting the Armed Forces of Ukraine!
This article provides an overview of the main cryptocurrencies discussed in the video and their potential for growth. The cryptocurrencies discussed include Bitcoin, Avalanche, Polkadot, Cosmos, Uniswap, Chainlink, and Ethereum. Each of these cryptocurrencies has its own characteristics and potential for growth in the near future.
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