Tag: Altcoin

Cross-Chain Altcoin Rallies 33% After Earning Suprise Support From South Korea’s Largest Crypto Exchange

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A cross-chain protocol’s altcoin is soaring after Korea’s biggest crypto exchange announced support for trading. Messaging protocol Wormhole (W) shot up from a 24-hour low of $0.28 to a current value of $0.37, a more than 32% increase after crypto exchange Upbit announced support on the Solana (SOL) network. With a market cap of $959.7 million, Wormhole is now the 82nd largest crypto project. Wormhole aims to facilitate an efficient transfer of liquidity and data across various blockchains. Wormhole was launched in 2020 by Jump Crypto with help from the…

Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here?

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Este artículo también está disponible en español. Several indicators point to renewed strength in altcoins, suggesting a potential altcoin season on the horizon. However, for confirmation, Bitcoin (BTC) dominance needs to drop further. Altcoin Market Cap Crosses 200-Day EMA Crypto analysts are closely monitoring various indicators that track altcoin behavior, with one critical metric being the 200-day exponential moving average (EMA). Related Reading According to the following chart, the OTHERS index – an index that tracks the market cap of cryptocurrencies excluding the top 10 digital assets by market capitalization…

Is Altcoin Season Coming? These Two Signals Could Suggest So

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An analyst has pointed out two patterns forming in altcoin and Bitcoin-related charts that could suggest an altseason may be coming soon. Signs May Finally Be Aligning For An Altcoin Season In two new posts on X, analyst Ali Martinez has discussed some signals that could foreshadow an altcoin season. The first chart shared by the analyst is for the combined altcoin market cap, which is simply the combined cryptocurrency market cap excluding Bitcoin and Ethereum. The graph shows that the total altcoin market cap has been forming a pennant…

Solana Flashes Buy Signal As Analysts Predict Rally For The Altcoin

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Este artículo también está disponible en español. Solana (SOL)recently flashed a buy signal, suggesting that now might be a great time to accumulate the altcoin. This development comes as crypto analysts, including Ali Martinez, predicted a significant price surge for Solana.  Solana Flashes Buy Signal Ali Martinez revealed in an X (formerly Twitter) post that the TD sequential has presented a buy signal on Solana’s daily chart, indicating that the altcoin could rebound from the lower boundary of the parallel channel toward the middle or upper boundaries. The crypto analyst…

Bitcoin’s Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity

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Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […] Original

Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat

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According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the ingredients are in place for a broad altcoin rally, following in the footsteps of the “insane” bull run of 2020-2021. Altcoin Revival On The Horizon?  The key catalyst, Coutts says, is the influx of global liquidity that is starting to accelerate. He notes that Bitcoin lags behind the upward movement in the broader M2…

Crypto Guru Arthur Hayes Bets On This Under-The-Radar Altcoin

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Arthur Hayes, a well-known crypto investor and former CEO of BitMEX, has reportedly made a major purchase of the little-known altcoin Aethir (ATH), amounting to 11.4 million tokens, valued at approximately $779,000. This transaction was identified and reported by on-chain data analytics firm Lookonchain. According to the firm, the purchase was made on crypto exchange OKX. Tracking Arthur Hayes on Etherscan | Source: X Lookonchain Shortly after Hayes’ acquisition, another purchase was reportedly made by a whale. A different anonymous investor acquired 28.87 million ATH, worth around $1.95 million, across…

Arthur Hayes Predicts When Altcoin Season Will Begin

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin, Altcoin Bull Run Will Return: Arthur Hayes Reveals When

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In a new essay, Arthur Hayes, the co-founder of crypto exchange BitMEX, has outlined a bullish future for Bitcoin and altcoins. His analysis, focused on the interplay between government liquidity operations and asset prices, suggests a looming bull market in the crypto space, driven by strategic fiscal maneuvers by the US Treasury. When Will The Bitcoin Bull Run Return? Hayes compares the quality of water in brewing coffee to the liquidity in financial markets, illustrating that just as the quality of water is crucial for making a good cup of…