Browsing: Altcoin

Aside from its remarkable 233% surge, Shiba Inu is unquestionably the front-runner in the Altcoin field in terms of trade volume. The weekly trading volume of tokens influenced by memes has reached $80 billion, which is an encouraging increase. Trading volume is a crucial metric for assessing the total amount of coins and tokens exchanged over a certain time frame. It serves as a gauge for liquidity in the cryptocurrency market. Reduced trade volumes indicate a faltering trend or a non-viable market situation. To forecast prices and comprehend market trends, analysts and investors need to have access to this measurement…

Since the advent of altcoins like as Dogecoin and Ethereum, the altcoin market has seen a dramatic change. Once a specialized market overlooked by Bitcoin, this industry is currently booming and home to emerging new cryptocurrencies and innovative ideas. Analysts from outside the industry have predicted that the upcoming altcoin season will add even more unique coins and trends to this ever-changing ecosystem. The emergence of creative cryptocurrencies like ApeMax, which bring humor and inventiveness to the Bitcoin landscape, is one such trend. Drawing on data from multiple crypto outlets and blockchain trends, this article will delve deeper into the…

Famous technical analyst JB of Cheeky Crypto recently focused on five altcoins that were poised for potentially lucrative surges or drops in the near future. The alternative coins that JB is interested in are as follows: ADA of Cardano On the SPOC BitGet alternative, the value trajectory of ADA seems positive, but JB observes signs of potential opposition. He indicated previous assist and resistance zones using historical data, suggesting a potential downturn. His projections, which are based on the wave theory, suggest that within the near future, a decrease from 9% to an unnerving 14.45% is possible. At $0.25 at…

Particularly after Bitcoin lost its year-to-date positive momentum last month, the altcoin market is exhibiting fresh signs of recovery. The much awaited alt season appears to be approaching, as Bitcoin’s dominance has been declining for three months in a row. However, it’s important to keep in mind that any further weakness in Bitcoin could undoubtedly affect the liquidity of altcoins, undoubtedly bringing them all down at once. Santiment’s Analysis of Lucrative Altcoins The majority of altcoins are currently in a favourable buying zone, according to the market intelligence website Santiment, following significant losses since June. Santiment has identified a number…

Serum (SRM), Sonm (SNM), and DFI.cash (YFII) are among the most significant losers in the crypto market right now. SRM, SNM, and YFII have all dropped by double digits as of this writing. SRM, SNM, and YFII will be delisted by Binance. Binance announced on Tuesday that Serum, DFI.Cash, and Sonm will be “delisted and stopped buying and selling on all buying and selling pairs” from its platform on August 22. The exchange stated in a notice to prospects that the delisting is a part of its period review of each listed digital asset. Serum has dropped 29% in the…

Glassnode Alerts, an on-chain monitoring platform, announced in a tweet today that the realized cap for Ethereum (ETH) had reached an 8-month high. According to the report, the cryptocurrency leader’s total market capitalization has hit $181,606,579,492.76. Meanwhile, at press time, ETH’s value was attempting to challenge a large value level. If ETH is able to close today’s daily candle over $1,850, it could continue to advance to $1,980 during the next two weeks. This bullish thesis may be confirmed if the cryptocurrency’s value breaks and closes a daily candle above the 20-day EMA line at about $1,854.62. However, if the…

The crypto market just withstood July’s CPI data, leaving Bitcoin to consolidate near the $29.5K mark. The SEC’s recent delay on spot BTC ETF purposes has left traders with no choice but to invest in altcoins. Meme currency has ruled the market over the last week, with Shiba Inu (SHIB) leading the charge. Nonetheless, altcoins such as Ripple’s XRP, Litecoin (LTC), and Binance Coin (BNB) are poised to take attention in the coming week. Knowledgeable Predicts an Altcoin Season The daily altcoin market cap has been hovering around $230 billion for the last three weeks.Olszewicz noted a possible triple bottom…

Among the extremely risky session in the crypto market, Ripple’s XRP has recently seized the spotlight with the most recent events. The ongoing legal battle between Ripple Labs and the US Securities and Alternate Fee (SEC) has taken a significant turn as the SEC moves to appeal the judge’s decision. As a result, the XRP price has dropped sharply recently, raising concerns about a massive selloff. However, could this simply be a possibility for customers? Despite the SEC’s interest, institutional interest in XRP remains high.  The Securities and Exchange Fee (SEC) of the United States recently filed an interlocutory…

Following the US SEC’s decision, cryptocurrency exchange Bitstamp announced a suspension for a variety of cryptocurrencies, effective August 29. Bitstamp previously stated that US users will be unable to trade altcoins such as Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). The SEC has a list of 68 cryptocurrencies that are classified as “securities.” The SEC designated ten additional cryptocurrencies as securities as a result of the regulator’s legal action against Binance, including Binance Coin (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND),…

The much-anticipated halving event of Litecoin on August 2 has resulted in a 15% price correction from $94 to the $80 region. Such a pointed motion has raised eyebrows and generated heated debate among cryptocurrency businesses. Nonetheless, there is promise for bullish momentum because the LTC value has stopped falling and has turned upwards from its low. This indicates that bullish players are entering the game, positioning the LTC value to recapture its previous momentum. Long-Term Investors Gain Regardless of Miners’ Selloff Because of the “promote the information” pattern, the value of Litecoin decreased significantly when it was halved. Many…

Cardano (ADA) whales with 100K-10 million ADA have accumulated to their greatest level since September 2022, according to a tweet released earlier this morning by the on-chain analytics platform Santiment. Since May 21, 2023, these whales have earned an additional $116.1 million in ADA. Furthermore, Santiment’s data showed that ADA’s on-chain transaction volume has been increasing over the last six months. There have also been back-to-back weeks with more than 67 billion in ADA transaction volume, the highest since September of 2021. ADA’s value increased by 0.40% in the previous 24 hours, leaving the Ethereum-killer trading palms at $0.2921 at…

Early Monday afternoon, Bitcoin traded near $28,800 as caution dominated overall market sentiment. Shares were combining at noon on Monday as earnings season winds down and investors prepare for an inflation report critical to the Federal Reserve’s decision making. While the S&P 500 and Dow Jones Industrial Average held marginally positive floors of 0.5% and 0.9%, respectively, the tech-heavy Nasdaq Composite and Russell 2000 were down 0.1% and 0.2%. BTC is hovering at a critical juncture amid massive outflows. On Monday, digital asset manager CoinShares released the most recent weekly report on digital asset funding merchandise flows. According to an…

Because Bitcoin is the most important cryptocurrency, its price movement frequently sets the tone for the entire market. When Bitcoin is in a full-fledged bull market, it tends to attract institutional and retail interest, which benefits the other cryptocurrencies as they, too, see a price increase. Nonetheless, one attorney who is closely following the XRP and SEC litigation has reminded investors that controlling expectations is critical in the crypto industry, particularly during a bull market. Decide Analisa Torres ruled a few weeks ago that XRP isn’t considered a security, but rather a digital currency. This decision was highly anticipated among…

While Ethereum has been in a bear market for the preceding 30 days, there is a chance that it can swiftly reverse. One well-known crypto analyst has expressed concern over Ethereum’s (ETH) efficiency in comparison to Bitcoin’s (BTC), saying that a major event could cause a significant decline. What’s causing this gloomy outlook, and what should altcoin investors do right now? Let’s get started. If this occurs, expect a 50% drop. Cowen claims Whereas the vast majority of altcoins are expected to fall by 40-50% in value in favor of Bitcoin, ETH is no exception. Historic Patterns are also bleak;…

A urgent warning has been sent to altcoin holders, with forecasts of a huge fall occurring before the market rebounds. With customers flocking to cryptocurrencies all around the world, the voice of reason comes from seasoned advisers in the field. What is the cause of this bleak outlook, and what should altcoin investors do right now? Let’s get started. Altcoins on a shaky foundation Altcoins may fall further 40-50% in comparison to Bitcoin, according to the analysis of renowned crypto pundits Ran Neuner, host of Crypto Banter, and Benjamin Cowen, a well-known cryptocurrency expert. A urgent warning has been sent…

Ali, a cryptocurrency trader and analyst, stated in a tweet yesterday that Cardano’s (ADA) team has significantly more growing activity than Ethereum’s (ETH) team. According to the post, Cardano’s Github repository has three times the event activity of Ethereum. Meanwhile, according to CoinMarketCap, ETH has outpaced ADA in terms of value. Though each altcoin experienced minor losses in the preceding 24 hours, ETH’s value was only down 0.31%. This was a lower 24-hour loss than the ADA, which was 0.59%. As a result, ADA was trading at $0.291 whereas ETH was at $1,828.33 at the time of publication. ETH’s valuation…

According to a Twitter post shared by Litecoin enthusiast Shan Belew, after the Litecoin (LTC) halving, both Litecoin and Dogecoin (DOGE) miners experienced a 20% reduction in their daily block rewards. Regardless of the discount, Dogecoin still contributes a significant share of the total block rewards for miners of all cryptocurrencies. The post also stated that, because to Dogecoin’s consistent block rewards mechanism, it remains the initial source of payouts for miners even after the halving. This has resulted in a continuous increase in the overall hashrate for each network. Unlike Litecoin and Bitcoin, whose block rewards are reduced every…

Notum, a new platform for managing funds, has joined the DeFi community. The Notum team thinks they have solutions for a number of the current difficulties facing cryptocurrency thanks to their strong wallet management tools, affordable prices, and advanced analytics. Earlier this week, the platform announced the conclusion of its beta testing. According to the knowledge gathered by the Coin Version group, the Notum platform has a variety of innovative features. Different investment offers are bundled together by Notum, which enables customers to compare them using a variety of important criteria including TVL, APY, Market Cap, and so on. Additionally,…

On July 31, Coin Version asked its followers to predict the lowest price that Bitcoin may reach in a poll that was launched that day. 1,411 people cast ballots, and 41.1% of them predicted that BTC will reach a value of $25,000. Voters chose $12,000 and $20,000 as the lowest value, while 15.1% predicted that Bitcoin will reach $15,000. When considering BTC’s most recent position, it may be obvious that the leading cryptocurrency has increased in value. According to the graphic below, BTC was valued at $29.25K when the markets opened for the week’s buying and selling. BTC peaked at…

Hong Kong’s Fubon Bank has stated that it intends to start a real estate tokenization journey in the third quarter. To reinvent real estate transactions, the bank is collaborating with the renowned financial technology company Ripple. This effort comes after the Hong Kong Financial Authority started a pilot programmed for the digital Hong Kong dollar (eHKD). The managing vice chairman of Fubon Financial institution, Xu Luosheng, confirmed that the focus of the future cheque will be on compensation prospects. By using Ripple’s innovative technology, which tokenizes property liens and facilitates loans in virtual Hong Kong dollars dedicated to this experimental…