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4 Altcoins to Watch Next Week Have Been Announced!
The altcoin market has been relatively quiet throughout the week of July 24. Next week's news feed points to more activity for the 4 private altcoins.
in August $BU$ Watch out for 4 altcoins
The US Federal Reserve (Fed) increased interest rates by 0.25% on Wednesday this week. After the new interest rates, the altcoin market fluctuated very little. $ETHEREUM$ (ETH) ve $RİPPLE$ ( $XRP$ ) saw modest gains, while $BITCOIN remained stable.
As a result, Bitcoin's consolidation below $29.5K, $LTC$ paves the way for leading altcoins like SOL and XRP to outperform next week. In particular, $LITECOIN$ requires attention due to its upcoming halcing cycle.
Litecoin (LTC)
Litecoin price has shown increasing volatility in recent weeks due to the upcoming halving. LTC price declined to $92 at one point and settled below $88. However, the price is the first at $92. $REN$ The bulls are successfully defending the decline for now, as they are back in the ç zone.
Until next week, LTC price needs to protect specifically $95. This level sets the stage for a potential rally to $106 initially and then $115. On the other hand, if the price drops and breaks $87, LTC will decline sharply before the halving. This leads the bears to the next critical support at $81.8.
$SOLANA$ (SUN)
Solana price is currently consolidating near the $25 mark. However, it has seen a significant increase in the last seven days. The current consolidation could be a sign of an upcoming bullish storm as the bulls enter the market.
Also, the bulls are effectively choosing to buy the recent dips. Therefore, they may soon raise the price and disrupt the current consolidation. If SOL price rises above $26, there is more buying opportunity. $VEN$ i will create. This potentially pushes the price towards the next critical resistance at $30. On the other hand, a drop below $22 will bring a consolidation towards $18-20. $POP$ Advanced technical analyst Pentoshi maintains its upside expectations for now.
XRP (XRP)
Despite the fact that the XRP price has been rising solidly recently, the bulls have not been able to capitalize on the momentum. This indicates that demand decreases as prices rise. Next week, the bulls try to push the price above the 50-day EMA and break above $0.75. $ALI$ eaves. If this happens, it will be confirmed that the bulls are taking advantage of the dips to buy. This brings up the next psychological target of $0.85.
Conversely, bears can gain dominance by pulling the price below $0.7. If successful, XRP price will drop significantly to the $0.65 support, increasing the possibility of a later drop to $0.56.
world money ( $WLD$ )
$WORLDCOIN$, the most talked about altcoin project of the week $YD$ I. Worldcoin (WLD). The company, which recently raised $115 million, creates a World ID for users through a globe-shaped browser. However, a digital wallet called World App $GEL$ plans to operate.
Despite attracting more than 2 million users in 20 countries, the project has been subject to data privacy scrutiny. French and UK regulators are questioning data collection methods and storage of biometric data. The negative news feed is accompanied by a double-digit drop in price.
By signing up for the project and going through iris scanning, users risk potentially selling their data to third parties, leading to a potential privacy breach. As such, these privacy concerns will be bearish for WLD if not properly addressed.
Vitalik Buterin, co-founder of Ethereum, said in a recent blog post that Worldcoin's use of hi-tech biometrics, while certainly unique, is not without problems. $BEL$ moved. He talked about potential problems such as the risk of users' data being exposed online and privacy breaches.
WLD price next week $KAR$ Can you provide?
Worldcoin is a relatively new project. Waiting provides more time to evaluate its development, adoption rate and overall potential. WLD price has already dropped over 50% and is currently trading at $2.3. As we reported, Kaiko analysts say that the price may spend time in this region for up to 3 months.
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