Tag: Altcoin

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

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An under-the-radar, interoperability-focused altcoin set a new all-time high after Binance announced it was listing the asset. Axelar (AXL) is a programmable Web3 interoperability platform that aims to provide cross-chain communication between numerous blockchains. Explains the project’s website, “Unlike other cross-chain connectors, Axelar is a proof-of-stake blockchain: it can do anything a blockchain can do. Transparent smart contracts built on Axelar automate paths for users, reducing them to a single click. Permissionless tools reduce developer overhead.” The project’s native asset, AXL, is trading at $1.94 at time of writing, a…

Dogecoin (DOGE), PEPE, SHIB Rally Could Be Early Signal for Impending Altcoin Season

However, the report pointed out that timing the altcoin season is a “risky sport,” as the bitcoin ETFs have altered the crypto investment landscape, and there’s no guarantee that the money flowing to bitcoin will eventually trickle down to smaller assets. “There is enough risk appetite to send a select few alts on big runs, but we have yet to see a new wave of retail entering the altcoin arena to create the rising tide that lifts all boats,” said K33. Source

Altcoin Market Cap Break From “Wyckoff Accumulation Phase”: Will Ethereum, XRP Fly?

In a post on X, one analyst observes that the altcoin market capitalization has broken from the Wyckoff accumulation phase. With this upswing, the trader expects altcoin prices to move higher. This refreshing breakout coincides with Bitcoin’s (BTC) stellar performance when writing on February 28. At spot rates, the coin is trading above $60,000, a psychological round number- now supported- and is closely approaching $70,000.  The Altcoin Breakout From Accumulation The “Wyckoff accumulation pattern” is a concept developed by technical analysts to pick out potential buying opportunities, in this case, altcoins.…

Crypto Analyst Unveils Ultimate Altcoin Buying Guide

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Michaël van de Poppe, a renowned crypto analyst and the CEO of MN Trading Consultancy, recently took to X (formerly Twitter) to share his insights on a perennial challenge in the cryptocurrency market: how to strategically enter the altcoin market without falling prey to the pitfalls of FOMO and market hype. His guide, dubbed “The Ultimate Strategy to Step into Altcoins,” aims to arm investors with the knowledge to make informed decisions. Crypto Guide: When To Buy Altcoins Van de Poppe opens his discussion by framing the issue as a…

Is Altcoin Season On? Here’s What Glassnode Data Says

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Here’s what the “Altseason Indicator” from the on-chain analytics firm Glassnode says regarding if an Altcoin season is currently going on or not. What Altseason Indicator Says Regarding The Altcoin Season In its latest weekly report, Glassnode has discussed what the Altcoin season status for the cryptocurrency market has looked like recently. To check whether the “altseason” is on, the analytics firm has devised its Altseason Indicator. This metric judges if the investors are in a risk-on mode based on how capital rotations are occurring in the sector. There are…

Is Altcoin Season Upon Us? Here’s What Bitcoin’s Performance Shows

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There is reason to believe that the altcoin season is imminent based on Bitcoin’s recent price action. Altcoin season is known to be a period when other crypto tokens begin to outperform the flagship crypto token.  Bitcoin To Cool Off For Altcoin Season Crypto analyst Rekt Capital stated in an X (formerly Twitter) post that Bitcoin has only one last Pre-Halving retrace before it goes on a parabolic move post-halving. Crypto analyst Sjuul also highlighted in an X post how the funding rate is “mildly high” for Bitcoin at the…

Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK)

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Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK). Starknet kicked off its first token allocation on Tuesday. The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses. Eligible individuals and groups will have four months to claim their tokens, and unclaimed STRK will be distributed in future rounds. Binance attached a seed tag to STRK. The exchange applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own…

Bitcoin might correct after hitting $50k; AI altcoin attracts investors 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The recent surge of Bitcoin (BTC) to $50,000 has caused excitement and, at the same time, caution among investors and fans. However, with this achievement, a fear of a prompt correction from the market arises. At the same time, a promising AI altcoin, Borroe Finance (ROE), is attracting investors and emerging as a substitute for Bitcoin’s monopoly. Bitcoin’s surge to $52,000 Analysts have been pondering the chance of Bitcoin…

Altcoin Holders Swim In Profits, But There’s A Potential risk

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So far, the average altcoin holders appear to have massive profits, as Santiment, a leading blockchain analytics firm, reported. According to the firm’s observations, many altcoin wallets have experienced substantial gains, with most crypto projects exhibiting bullish performances. These realized gains began ever since the market turned bullish in mid-October 2023, according to Santiment, indicating that these massive profits accumulated on a “mid to long-term timescale.” Potential Risk Observed Despite these gains, Santiment has issued a cautionary note to investors, signaling “overbought” levels in the market. The blockchain analytics firm…