With the increasing chances of Bitcoin hitting the $60,000 mark this week, the bull run chances for this month are growing stronger. Further, the recovering rally in the altcoins gaining momentum signals a potential bull run.

A widely followed crypto analyst is suddenly turning bullish on one low-cap Ethereum (ETH)-based altcoin project. Crypto strategist Michaël van de Poppe tells his 719,400 followers on the social media platform X that Skale Network (SKL), an Ethereum sidechain, could soar 150% from its current value. “SKL is looking great.

Although most cryptocurrencies have entered a state of boredom, including the sector's representative, Bitcoin (BTC), which hasn't yet lived up to the hype built up prior to its recent halving event, some cryptos, still available under $0.10 apiece, might be a good investment in May.

Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.

SKALE Network reported $3.1B in Q1 fee savings, a surge in user activity, and strategic partnerships in 2024 The post Gasless EVM blockchain SKALE Network reaches 17 million unique users appeared first on Crypto Briefing.

Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns.

Renowned cryptocurrency analyst Michaël van de Poppe identified a list of top 10 altcoins offering significant buying opportunities amidst a market dip. What Happened: In an X (formerly known as Twitter) thread on Wednesday, van de Poppe highlighted the current market conditions, noting the altcoin market capitalization has seen a correction but still holds potential for more gains.

As cryptocurrency markets experience a downturn, the total market capitalization has dropped by 7% in two days to $2.62 trillion. Even Bitcoin, the largest cryptocurrency, plummeted from $71,300 to $66000, affecting the top altcoins, with bears starting to dominate the market.

Cryptocurrency guru Mikybull Crypto is signaling the start of an altcoin season, citing the upcoming ETH ETF breakthrough as a key catalyst behind it. As Ethereum inches closer to breaking out of the Supertrend bearish zone, Mikybull Crypto shares his strategic picks expected to yield impressive returns, ranging from 5x to 10x throughout 2024.

Horizen (ZEN), Radiant Capital (RDNT), Injective (INJ), Beldex (BDX), and SKALE (SKL) are all altcoins that have interesting developments lined up in February, which could positively affect their price.

Skale Network (SKL) price bounced back this week as demand for the token and other cryptocurrencies continued rising. The SKL token jumped to a high of $0.0930 on Monday, which was about 375% above the lowest point in October.

Granted and SKALE Network are partnering to provide opportunities for applications across web3 to find funding and a blockchain home to thrive on. Granted was established to “provide strategic grant funding for the Web3 ecosystem.

Skale Network's token bounced back on Tuesday as investors focused on the growing users in its ecosystem. The token jumped to a high of $0.047 on Tuesday, higher than this month's low of $0.037. It has soared by over 142% from its lowest point this year.

Skale Network released Levitation Protocol, a new entrant to Zero Knowledge (ZK) rollup-based scaling solutions.

Our SKALE price prediction shows that the SKL token is likely to experience more downtrend with massive liquidation; however, a turnaround is on the horizon. 

The day began with a bullish outlook as Bitcoin and other altcoins, including Ethereum, BNB, XRP, Cardano, and LINK, saw a bull run. This has caused a 1.27% increase in the global crypto market cap over the past 24 hours.

Alternative coins (altcoins) have remained suppressed for several months, a situation complicated by the extended cryptocurrency bear market. Indeed, in the past, altcoins rallied thanks to interest from retail investors, but they have failed to pick up as the crypto market was hit with instances such as the FTX exchange collapse and soaring inflation.

The Ethereum-based layer 2 solutions are gaining huge attention in recent times due to the fees  Polygon (MATIC)  Matic price, in recent times, has leaped beyond the crucial levels while Bitcoin & other altcoins were heavily consolidating. It surged above the resistance at $0.84 and marked the monthly highs at around $0.87.

A popular analyst says he has his radar locked on a number of altcoins that are high on his list for accumulation including Ethereum (ETH) and Polkadot (DOT).

A closely followed crypto analyst and trader has come up with his prediction for Ethereum (ETH) and other three cryptocurrencies. The analyst who is called as Michael van de Poppe informs his 624,300 fanbase on Twitter that the funding rates have come down ahead of Ethereum's upcoming transition from proof-of-work (PoW) to proof-of-stake (PoS).

A popular crypto analyst says he will buy the altcoins Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD) and SKALE (SKL) as he anticipates a relief rally for the market. Michaël van de Poppe tells his 619,400 Twitter followers he is stocking up on altcoins that could give him 20 to 60X returns on investment.

Popular analyst Michaël van de Poppe says traders are likely over-stressing the potential impact that the Federal Open Market Committee (FOMC) will have on crypto markets. Van de Poppe tells his 619,000 Twitter followers that based on relatively calm action in the markets, those in the space are probably overthinking today's Fed meeting.

Ethereum based Layer 2 solutions are all the rage, how can you invest in this lucrative market? What are the top 5 Ethereum Layer 2 projects?