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Ahead of the Shanghai Upgrade, Ethereum charts have spiked to $1.8k. Experts note that Ethereum hikes often tend to bring up the values of Alt Coins, and this could mean the next Alt Season is around the corner. Our team has rounded up a list of contenders to look out for, including Lido DAO, Solana, and the upcoming Big Eyes Coin, ending their presale on June 3rd!
The much awaited Shanghai hard fork is just days away. The upgrade, launching April 12, will allow users to withdraw staked ETH, around 1.1 Billion ETH in rewards, worth 2 billion USD at the time of writing.
There is much hype around Ether, which has also led to a surge in its value to an eight-month high. In early April, Ethereum was trading at $1.8k, much to the delight of the Ethereum community, especially after its bearish run during the turbulence in the crypto market.
Moreover, the ETH/BTC graph also rose by 4.75% month-to-date, meaning Ethereum outperformed Bitcoin, crediting to the growing buzz around the Upgrade. Experts think of the Upgrade to lead Ether into a prolonged bullish run. The conditions are favorable for a surge, possibly a sustained stance in the $1.8k-$2k in April.
Uptrends in the ETH/BTC charts have statistically led to similar trends in the Altcoin market, notes Crypto analyst Miles Deutscher. As it turns out, ahead of the Shanghai Upgrade, "greenshoots" have started to appear in the Alt market, as pointed out by GSR CEO Rich Rosenblum. Our experts have rounded a list of the top 3 crypto assets for investors to look out for this Alt Season: Lido DAO, Solana, and the brand new Big Eyes Coin.
As one of the platforms that allows the staking of Ethereum, the token for Lido Finance, Lido DAO (LDO) is guaranteed to benefit from the Shanghai upgrade. The coin has witnessed increased buyer momentum due to the upgrade already. LDO may overcome the next block at $2.92, but in the event of a highly bullish scenario, it may overcome the resistance level at $3.27. This value would be a 30% increase from its current price of $2.50. However, the Altcoin remains at risk of profit-taking and increased selling pressure, which will adversely affect its course, leading to a decline of about 20% in value.
The track record for the price of Solana (SOL) reveals an inverse head-and-shoulders setup, meaning two peaks, called shoulders, separated by a low called the head. A trendline connecting the two peaks, called the neckline, shows the resistance level. If the price reaches above the neckline, it indicates a strong, bullish breakout for SOL. With the recent surge that finished just below the line, analysts are predicting an uptrend to $37.21, which would signify an increase of 71.09%. However, a breakdown of the $18.66 support level due to any macroeconomic event might negatively skew the price of the altcoin.
The up and coming feline memecoin, Big Eyes (BIG) has just announced the end of its presale. Spanning across 12 stages, this has been the biggest presale for a memecoin in two years, having raised a staggering $33.5 million.
The memecoin has always created quite the stir with its innovative and user-centric features. For instance, transactions with BIG are exempt from buying and selling tax, the initial supply, 80% of which will be available on launch, will be locked in a liquidity pool for 2 years, and 5% of their collection will go to a charity wallet that supports ocean sanctuaries.
Additionally, Big Eyes also introduced the Lootbox Scheme, wherein users can buy Lootboxes to win random rewards that are always worth more than the price of the Lootbox itself. Recently, the scheme was paired with a card collection, which can be minted as NFTs.
However, our team recommends BIG's next scheme, the final one before the launch itself. Users can win a bonus of upto 250% if they buy BIG or Lootboxes. With a high ROI, this is one offer not to be missed.
All users need to do is use the code BULLRUN250.
While the Shanghai Upgrade is around the corner, Ethereum is witnessing a significant surge, and is predicted to sustain it. This can directly affect the price of altcoins, kickstarting what may be the next Alt Season. As a liquid-staking platform that supports the staking of Ether, Lido DAO will benefit from the Shanghai upgrade, and in case of a highly bullish run, increase by 30% from its current price. However, increased selling pressure and profit-taking may adversely affect it. Solana prices seem to show an inverse head-and-shoulder setup, and if it were to make it past the neckline, it can establish a bullish breakout. However, it is still subject to the volatile nature of the market, and any macroeconomic event might hinder its progress. Big Eyes Coin on the other hand, are promising a strong run after their upcoming launch, by creating a strong community and user-centric schemes. With the last chance for buyers to win 250% bonus, this is one coin that investors must not overlook.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
