Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely […] Source CryptoX Portal
Top US-based crypto exchange Coinbase is listing a new security-focused Ethereum (ETH) altcoin, along with other major platforms. Coinbase announced via the social media platform X that the crypto project Safe (SAFE) landed a listing on the platform as an “experimental asset.” “Safe is now live on Coinbase.com and in the Coinbase iOS and Android apps with the ‘experimental’ label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The platform uses the experimental asset label for tokens that pose certain risks such as…
A decentralized cloud computing altcoin is soaring after Korea’s biggest crypto exchange announced support for the digital asset. Akash Network (AKT) shot up Tuesday from a low of $4 to a high of $6.74, a more than 68% increase after crypto exchange Upbit announced support. Source: CoinGecko/X At time of writing, AKT has retraced slightly to $5.30 and is sitting at a market cap of $1.2 billion. Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and AI.…
Can altcoins rebound? Analyzing expert predictions and key indicators following Bitcoin’s recent halving. In the wake of Bitcoin’s (BTC) recent halving event, the crypto market has been anything but predictable. While many anticipated a surge in Bitcoin’s value, the reality has been a bit more subdued. In fact, the market remains relatively flat, lingering below the record-breaking highs witnessed in March 2024. Throughout this period of anticipation and adjustment, altcoins have taken a hit. Investors seemed to have favored Bitcoin over its alternatives, causing a noticeable bleed in the altcoin…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin celebrates 14 years of unmatched profitability, inspiring new cryptocurrencies like InQubeta, which aims to enrich AI investment on the blockchain and challenge established networks like Polkadot. The crypto world may have seen many coins come and go, but the best cryptocurrency has stood the test of time. Bitcoin has been on a winning streak for the past 14 years, and the returns have outperformed every single traditional asset…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market uncertainty, Altcoin Sherpa remains bullish on Bitcoin’s stability, while meme coins like Dogwifhat and KangaMoon capture investor interest. According to Altcoin Sherpa, despite the uncertainty in the cryptocurrency market, Bitcoin (BTC) has proven itself to be a stable asset. Meanwhile, Dogwifhat (WIF) and KangaMoon (KANG) continue to soar in the meme coin space. Prominent market analysts hint that KANG, which is now in Stage 5 of its…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s (BTC) value declined sharply, dropping around 15% over the past week. This unanticipated fall has caused unrest among traders and investors, who were optimistic following a recent upswing. Now, analysts are contemplating when the market might stabilize and initiate recovery. Despite this downturn; Bitcoin has exhibited resilience,…
A closely followed crypto analyst and trader is turning bullish on the native asset of a layer-1 blockchain. Pseudonymous analyst Loma tells his 303,500 followers on the social media platform X that BNB, the native asset of the BNB Chain, is displaying strength from both the technical and fundamental viewpoints. “I think [BNB] is a live dark horse for majors. Structurally looks good in both USD and BTC pairing. Negative funding since it’s typically hedged against spot holdings for fee reductions by larger whales. Free of SEC (U.S. Securities and…
Profit taking ahead of the halving, due later this week, and macroeconomic tremors weighed on the market since late Friday, with bitcoin dropping from last week’s highs around $70,500 to as low as $62,800. That caused a market-wide decline as majors dropped as much as 18%. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s (BTC) price is expected to surge considerably if it can stay above the $71,000 support level heading into its April 19 halving event. Bitcoin’s past halving events have all led to prices reaching new all-time highs (ATHs), but things are a little different this time because of the introduction of spot exchange-traded funds (ETFs). The most traded cryptocurrency in the world has set new ATHs multiple times since…