The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said. Original
Falling Bitcoin-Ether Spread is Music to Altcoin Traders' Ears
Tag: Altcoin
Crypto Analyst Unveils Ultimate Altcoin Buying Guide
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
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
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)
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
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,…