Tag: Altcoin

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

boss

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)

boss

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

boss

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…

Analyst backs Worldcoin price to hit $26 in 2024, new altcoin poised for more gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Worldcoin (WLD) has seen impressive growth recently, with prices surging 170% in the past week alone. According to one prominent analyst, WLD could continue rallying and reach $26 by the end of the year if conditions remain bullish. While Worldcoin continues rising, there’s another altcoin, Bitcoin Minetrix (BTCMTX), that some experts think would spike at the end of its presale. Worldcoin price surging Worldcoin’s recent run has made it…

Why Cardano (ADA) Is A Top Altcoin Pick In The Next Bull Run

Dan Gambardello, the founder of Crypto Capital Venture, has laid out a bullish narrative for Cardano going into the next bull run. Based on his analysis, the crypto token has the potential to be one of the best-performing coins during that period.  History Could Repeat Itself For Cardano In a video posted on his YouTube Channel, Gambardello mentioned how Cardano was currently in the same technical area it was in the last two market cycles before the Bitcoin Halving. He further noted that on those two occasions, ADA managed to…

Ethereum may hit $2.8k in February, new altcoin to also rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rekt Capital, a crypto analyst, is bullish, expecting Ethereum (ETH) to hit $2,800 in February. Meanwhile, the Bitcoin Minetrix presale also looks bullish, surging past $10.3 million.  Ethereum stable, bulls target $2.8k ETH is stable above $2,274, but Rekt Capital says the coin is on a path to $2,800. Taking to X, the analyst said the coin will “repeat last month’s move”, referencing developments in the monthly chart. Currently,…

Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance

boss

A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps). This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of…

Top US Crypto Exchange Coinbase Rolls Out Trading for New Layer-1 Altcoin

boss

Users of top US crypto exchange Coinbase can now buy, sell and hold the new token of the layer-1 blockchain and smart contract platform ZetaChain (ZETA). Coinbase says it is rolling out support for the altcoin, which launched on February 1st, with the experimental asset label. The exchange gives this mark to tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability. ZetaChain is a proof-of-stake blockchain designed to seamlessly enable different blockchain networks to communicate and interact with each other.…

Chainlink Surge Powers Altcoin Market, Bulls Aim For $20 Target

boss

Chainlink (LINK), the leading oracle network on the blockchain, has been on a tear, outperforming the broader market with a 30% gain in the past week. This surge has pushed LINK’s price to $17.82, solidifying its dominance among altcoins, as bulls set their sights on the vaunted $20 target. Chainlink On-Chain Activity Hints At Renewed Investor Interest Analysts point to several factors driving the rally. Santiment, an on-chain data provider, revealed a surge in activity from previously dormant wallets, suggesting renewed investor interest. This is reflected in the “Age Consumed”…