Welcome to the crypto site. My name is Victor, and today: Entry to the Crypto, buy Token, 24-07-2024. Join the discussion on the CryptoViktor
Entry to the Crypto, buy Token
Today, we’re going to look at the overall movement of altcoins as of 24 July 2024. We will start with the main indicators and move on to a detailed analysis of several popular cryptocurrencies.
Altcoin Season
First, let’s take a look at the Blockchain Central indicator, which shows us the general state of the altcoin market. Recently, the market made attempts to reach 50, but returned to a strong bitcoin season. This means that we can expect altcoins to move downwards for the time being. However, it is worth paying attention to certain indicators that may indicate a possible turning point in the coming months.
Binance Coin (BNB)
BNB is currently in the overbought zone. According to Fibonacci, it has already reached the maximum levels of the previous growth. Therefore, it will be difficult to expect further growth from this point. However, if we look at the trend lines, further growth to 900 or even 1000 is possible. The choice of direction depends on your strategy.
Ethereum (ETH)
Ethereum is at the middle level of the Fibonacci indicators. It can continue its growth, reaching new heights. Analysis of past movements shows that ETH has the potential for significant growth.
Solana (SOL)
Solana has already reached its highs at 170. Given its strong move from the lows, it may be risky to invest in SOL now. The rise from 16 to 170 has already shown a 10-fold increase, so I would choose other cryptocurrencies to invest in now.
Ripple (XRP)
XRP is currently in the red zone according to Fibonacci indicators. It can show growth up to 200. This may be interesting for those who want to invest in this cult project. If you are willing to take a risk, then XRP could be a good choice.
Dogecoin (DOGE)
DOGE is a meme coin that has its own characteristics. It is currently close to the red zone on the Fibonacci indicators, but it can shoot up big if the community supports it. Technical indicators do not play as important a role here as community support.
Toncoin (TON)
Toncoin has recently shown significant growth thanks to new projects. However, further growth depends on the work of the company itself. Currently, it has reached level 7 and has the potential to rise to 10, but this depends on many factors.
Cardano (ADA)
Cardano is in the red zone according to Fibonacci indicators, but it has the potential for further growth. This project is very powerful and investments in it can be justified.
We have reviewed several popular cryptocurrencies and their current state on the market. It is important to remember that the cryptocurrency market is very volatile, and every investment decision should be well thought out. Use different indicators, analyse different timeframes, and make decisions based on the information you gather. This was Victor, see you in the next videos!
