News View Non-AMP

Not Ethereum or Solana, These Altcoin Ecosystems Are Being Targeted by Blackrock

Published by
Anjali Belgaumkar

Analyst Ran of Crypto Banter channel is finding it difficult to contain his excitement, particularly as altcoins are performing strongly even before the breakout is fully confirmed. If the breakout holds, he advises focusing on two ecosystems, one of which is evident, while the other has caught many by surprise and still has potential. 

The analyst pointed out that many in the crypto community had dismissed a particular ecosystem, believing it was no longer viable. However, this ecosystem, namely BNB, has quietly been gaining momentum and recently reached an all-time high. Despite doubts and negative sentiment, BNB has defied expectations, catching many off guard. 

This unexpected surge in BNB’s performance signals a shift in the market, with funds flowing from other assets like Solana into BNB. This trend, evident in on-chain data, suggests that BNB is poised for further growth, catching bears by surprise and highlighting the significance of on-chain analysis in predicting market movements.

He also asked, ‘Why are BlackRock and Citadel buying up the entire supply of this Altcoin sector?’

He noted that Ethereum, BNB, and Solana haven’t reached all-time highs yet. Additionally, assets like Lio staked ETH, XRP, Dogecoin, and Cardano, aren’t expected to hit all-time highs. BNB is the first blockchain to achieve this milestone, entering price discovery territory with a market cap exceeding $100 billion. 

The analyst said, “It looks like this BNB ecosystem will continue to run. Now, if the BNB ecosystem continues to run and people are caught off guard, we may actually be still early for the BNB ecosystem.”

He said that old cycle tokens, where the token circulation is already mostly in circulation, indicate a healthy ecosystem. With that in mind, he advised accumulating tokens listed on the BSC chain.

Also Read: New Law Empowers U.S. President to Block Crypto Transactions

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Metaplanet Keeps Buying Bitcoin, Now Holds 5,000 BTC

Metaplanet has purchased an additional 145 BTC for around $13.6 million at an average price…

April 24, 2025

El Salvador Proposes Crypto Sandbox to SEC in Bold Cross-Border Move – Is Bitcoin In?

Something big might be happening between El Salvador and the United States in the crypto…

April 24, 2025

Want to Have Dinner with Trump? Here’s How to Qualify and Everything You Need to Know

It sounds unbelievable, but it’s real: holders of a Trump-themed meme coin now have the…

April 24, 2025

$TRUMP Coin Dinner: Private Dinner Announcement with Trump Sparks 70% Surge

The Trump-themed meme cryptocurrency, dubbed the “official token” of the U.S. President Donald Trump, surged…

April 24, 2025

Shiba Inu (SHIB) Price Forecast Today

SHIB price has potentially broken out of a YTD falling channel in the past few…

April 24, 2025

Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next?

ARB price has followed a similar fractal pattern to the September 2024 bullish breakout. The…

April 24, 2025