With the launch of options on Blackrock’s IBIT Spot Bitcoin ETF, the financial markets responded with massive optimism. The first day of launch resulted in over $445 million in volume for BTC. This significant demand shows exploding institutional interest in Bitcoin as a stable commodity for long-term investment. Given this demand, it is likely that the BTC price will test $100,000 in the coming weeks.
With building institutional demand and post-halving sentiment shift, BTC price is continuing to defy expectations. The largest crypto commodity continues to flex its muscle, with a BTC dominance of over 60% on altcoins. This historic level of capital flow is backed by building institutional demand from BlackRock, Microstrategy, and other US giants.
As a result, BTC price have exploded in the past few months, with a surge of over 50% in just the past six months. Spot Bitcoin ETFs are continuing to make history with unprecedented demand from institutions. If this bullish momentum continues, there will eventually be a massive inflow from BTC into altcoins that could go on parabolic rallies.
When BTC price pumps, altcoins often take a back seat. However, once Bitcoin makes a local top, the capital inevitably flows into smaller-cap altcoins. This means that the perfect time to take an entry into altcoins is when BTC is pumping. Here are the best altcoins to buy before they go on parabolic pumps.
The XRP ledger blockchain has been at the center of attention during the current cycle. After news emerged of SEC chair Gary Gensler possibly retiring in the coming weeks, XRP could be set to explode. The DeFi giant has faced years of SEC challenges and legal troubles that could be set to come to an end.
Subsequently, XRP price has been showing major signs of bullish momentum, with a 200% surge in the past month. Additionally, rumors have been brewing of a potential collaboration between Ripple (XRP) and Cardano, which could have a massive bullish impact on the price.
IntelMarkets (INTL) has been labeled among the most promising ICOs of the year because of its advanced technological features and strong market demand. Despite being in the pre-listing stage, IntelMarkets has already released a Quantum-proof Solana wallet and is continuing to innovate at an impressive pace.
At its current price of $0.05, the INTL tokens offer discounted trading fees and governance rights to holders. Additionally, the community is also getting early access to trading robots and other advanced platform features, making IntelMarkets (INTL) a promising opportunity.
With a low unit price of $0.00005277, BONK is one of the hottest memecoins in the market. The Solana-based platform has kept up with BTC price and has surged over 123.2% in the past month. This massive surge has been driven by the viral demand for memecoins and the backing of influencers on social media platforms X and TikTok. Additionally, experts have credited BONK for leveraging the meme trend on social media, and the current price action shows that BONK could become the next big thing.
With BTC price heading into potentially its biggest bullish arc, altcoins could be next in line. Adopting a balanced portfolio with proven alts and exciting newcomers is the best strategy to make massive gains this cycle. However, make sure to do your own research and pick cryptos that align with your objectives.
Want to know more about IntelMarkets (INTL)? Check out:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.