As the Shanghai Upgrade draws near, Ethereum has experienced a surge in its charts, with its value reaching $1.8k. Analysts have observed that whenever Ethereum's value rises, it tends to boost the worth of Alt Coins, indicating that the next Alt Season may be imminent. We've compiled a list of potential competitors to keep an eye on, such as Lido DAO, Solana, and the upcoming Big Eyes Coin, whose presale will end on June 3rd.
The eagerly anticipated Shanghai hard fork is just around the corner, set to launch on April 12th. This upgrade will enable users to withdraw staked ETH, worth approximately 2 billion USD at the time of writing, including around 1.1 billion ETH in rewards.
The Ethereum community is thrilled as Ether's value has soared to an eight-month high, with early April trading at $1.8k. This is particularly exciting news for Ethereum, which experienced a bearish run during the crypto market's turbulence.
Moreover, the Ethereum to Bitcoin price chart has recorded a 4.75% increase since the beginning of the month, suggesting that Ethereum has been surpassing Bitcoin in performance due to the hype surrounding the Upgrade. Experts believe that the Upgrade will drive Ether into a prolonged bullish run, with conditions favoring a surge, possibly sustaining a stance in the $1.8k-$2k range in April.
According to crypto analyst Miles Deutscher, uptrends in the ETH/BTC charts have historically led to similar trends in the Altcoin market. As the Shanghai Upgrade approaches, "greenshoots" have already emerged in the Alt market, as noted by GSR CEO Rich Rosenblum. Our experts have compiled a list of the top three crypto assets to watch for this Alt Season: Lido DAO, Solana, and the new Big Eyes Coin.
Lido DAO (LDO) is expected to be a significant gainer from the upcoming Shanghai upgrade since it is one of the platforms that facilitate Ethereum staking. The upgrade has already generated increased buyer interest in the LDO token. While LDO may surpass the $2.92 block, there is potential for even greater gains in a bullish scenario, with the resistance level at $3.27 a possibility. This would represent a 30% rise from its current price of $2.50. However, LDO remains vulnerable to profit-taking and heightened selling pressure, which could negatively impact its trajectory, potentially leading to a 20% decline in value.
The price pattern of Solana (SOL) shows an inverse head-and-shoulders configuration, which consists of two peaks (shoulders) separated by a low point (head). The resistance level is represented by a trendline connecting the two peaks, known as the neckline. If the price exceeds the neckline, it indicates a strong bullish trend for SOL. With the recent surge that ended just below the neckline, experts predict that SOL will experience an uptrend to $37.21, which represents a 71.09% increase. However, if any macroeconomic event leads to a breakdown of the $18.66 support level, the price of the altcoin may decline.
Big Eyes (BIG), a new meme-based cryptocurrency, has recently announced the end of its presale, which has been the largest presale for a meme coin in two years. The presale consisted of 12 stages and raised a remarkable $33.5 million.
BIG has gained attention for its unique and user-friendly features. Transactions using BIG do not incur buying and selling taxes, and 80% of the initial supply will be locked in a liquidity pool for two years. In addition, 5% of the collection will go towards a charity wallet supporting ocean sanctuaries.
Furthermore, BIG introduced the Lootbox Scheme, which allows users to purchase Lootboxes containing random rewards worth more than the price of the Lootbox itself. The scheme has recently been combined with a card collection that can be minted as NFTs.
Our team suggests taking advantage of BIG's final scheme before the launch, which offers up to a 250% bonus for purchasing BIG or Lootboxes using the code BULLRUN250. With a high return on investment, this is an opportunity not to be missed.
The imminent Shanghai Upgrade for Ethereum is expected to drive a surge in the currency's value, with the potential to trigger a new Alt Season that could positively affect altcoins. Lido DAO, a liquid-staking platform that enables Ethereum staking, is set to benefit from the upgrade, with a projected 30% increase in value if a bullish trend continues.
However, the possibility of increased selling pressure and profit-taking is still a concern. Meanwhile, Solana's price shows an inverse head-and-shoulder setup, indicating a possible bullish breakout if it surpasses the neckline. But, like all cryptocurrencies, Solana is vulnerable to macroeconomic events that could negatively impact its progress.
On the other hand, Big Eyes Coin is preparing for a strong run after its launch, with an emphasis on community building and user-centric schemes. As the final opportunity to win a 250% bonus approaches, investors are urged not to overlook this promising coin.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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