Tag: Altcoin

XRP, cardano tank in crypto crash, investors flow to new altcoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto prices have plunged over the past 24 hours, but XRP and Cardano are among the biggest hit, down 9.08% and 8.54%, respectively.  However, market participants have found solitude in the newly launched presale Bitcoin Minetrix, which continues to gather pace despite the market turbulence. XRP and ADA plunge With apprehension rising as the SEC’s Jan. 10 deadline to approve Bitcoin ETFs nears, crypto financial services platform Matrixport released…

Trader Predicts Breakout Rally for Decentralized Exchange Crypto, Says Altcoin Looks Very Strong

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A crypto strategist believes that one altcoin that’s flying under the radar is gearing up for a big breakout surge. Pseudonymous analyst The Crypto Dog tells his 755,600 followers on the social media platform X that the native asset of the decentralized exchange (DEX) GMX (GMX) is forming a huge bullish pattern on the weekly chart. According to the crypto strategist, GMX could witness a nearly 90% rally if it takes out its immediate resistance at $56.26. “GMX painting a massive multimonth inverse head and shoulders… Measure rule gives a…

Ethereum falls as Cosmos rises; Arweave and InQubeta lead altcoin rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum’s recent dip to $2.2k has caused a downturn in its ecosystem. Cosmos, on the other hand, has demonstrated resilience and innovation, attracting investors. Amidst this, Arweave and InQubeta (QUBE) have emerged as front-runners, leading the altcoin rally. InQubeta, a new defi project, has raised over $7.6 million in its presale. It aims to pioneer a seamless investment process using QUBE and an NFT marketplace. Arweave, another altcoin, is…

Decentralized Exchange Altcoin Soars Nearly 70% in a Week Amid Massive Support for Proposed Cuts in Token Supply

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One decentralized exchange (DEX) platform is skyrocketing as its community shows overwhelming support for its proposed supply cut of tokens. In a new proposal, over 97% of the community members of decentralized crypto exchange PancakeSwap (CAKE) voted to lower the digital asset’s token supply to a maximum cap of 450 million. “Now that CAKE has achieved consistent deflation for several months and is focusing on accelerating our journey to ultrasound CAKE, this proposal aims to reduce the CAKE token’s total supply to a maximum cap of 450 million CAKE. With…

Ethereum surging as crypto turns bullish, new altcoin set for more gains

Crypto prices are back to bullish ways on Dec. 28 after a brief pullback. Ethereum is in focus after rising 6.7%, peaking at $2,440, the highest level since May 2022. Meanwhile, Ethereum-based tokens are also surging, with newly launched Bitcoin Minetrix trending higher in its presale. Ethereum set for strong gains CEO and founder MN Trading, Michael van de Poppe,recently said ETH will post strong gains in Q1 2024 as Bitcoin dominance has seemingly peaked. At the time, Ethereum was trading at $2,310, and after a brief pullback, it rose…

Solana Decentralized Exchange Altcoin Skyrockets More Than 95% This Week Amid Roaring Network Growth

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The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth. Raydium (RAY) is an on-chain order book automated market maker (AMM). The project’s native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago. The 144th-ranked crypto asset by market cap is also up nearly 16% in the past 24 hours and more than 1,140% since the start of 2023. RAY’s recent gains have materialized as the Raydium protocol…

Solana breaks $90, flips BNB as new altcoin posts gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As altcoins rally, Solana (SOL) is proving to be a tough Ethereum (ETH) competitor after flipping BNB to fourth. Solana flips BNB, next Ethereum? SOL has seen a strong month, bouncing off $54.17 on Nov. 28 to reach $99.12 by Dec. 22. Currently at $91.6, its $38.9 billion market cap places the token at fifth, just below BNB. SOL flipped BNB on Dec. 22 – with SOL reaching $41.9…

Crypto Analyst Says This AI Altcoin Will Hit A Fresh ATH

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The anonymous crypto analyst Rekt Capital’s observations point to a promising future for the artificial intelligence (AI) cryptocurrency project, with a focus on Fetch.ai (FET). Along with with a sizable 377,500 followers on the social media network X, the analyst offers a bullish prediction, stating that Fetch.ai is about to reach a new all-time high (ATH). Rekt Capital’s investigation shows that the machine learning platform is presently experiencing a notable upswing following a successful retesting of a critical price level. Technical Analysis Illuminates Fetch.ai Momentum The spotlight placed on Fetch.ai’s…

SEI Token Rocks Altcoin Market With 50% Surge: What’s Driving The Momentum?

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Turning the tide in the altcoin race, Sei Network’s SEI token has experienced an extraordinary 50% surge in the last 24 hours, outperforming the top 100 cryptocurrencies. This surge has pushed the token’s current trading price to $0.3638.  Attracting Global Attention?  According to CoinGecko data, Sei Network’s blockchain, explicitly built for trading, has optimized every layer of its stack to provide infrastructure for trading apps of all types.  Sei claims to outperform other Layer 1 blockchain, such as Solana and Aptos, by offering a native order-matching engine in Layer 1.…