Tag: Altcoin

Altcoin market rises amid Bitcoin rally and U.S. interest rates

boss

Cryptocurrency prices reacted positively to the Federal Reserve’s latest decision on interest rates on Nov. 1. Defi tokens like AAVE and Uniswap (UNI) led the way, rising over 20% in a moment. AAVE rose to $98.13 and Uniswap’s UNI rose to $4.80. These tokens are thriving due to the overall significance of the cryptocurrency rally. In the case of Uniswap, the rally means demand for cryptocurrencies will increase as investors try to follow the crowd. In the stock market, it was already seen Coinbase’s share price skyrocketed this week. When…

Crypto Analyst Who Called Bitcoin’s Parabolic Rally Picks Altcoin Set To Pop

boss

Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year. This proved to be true last week when the price of Bitcoin started surging and hit as high as $35,100. Now the analyst has called the next altcoin to outperform, and it already is. Fetch (FET)…

Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin That’s Surged Over 50% in a Week

boss

The world’s largest crypto exchange platform by volume is launching futures trading for one Ethereum (ETH)-based altcoin that’s jumped over 50% in a week. In a new announcement, crypto exchange Binance says that it will be launching futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy market built on top of ETH that democratizes energy tokens. According to Powerledger’s official website, the crypto asset aims to aid the decentralization of the energy grid, help transition toward renewable energy, and help consumers keep track of their power…

Is the altcoin season back? How Bitcoin’s surge impacts the crypto market

boss

Amid tech stock turmoil, the crypto market shines, with a resurgence in Bitcoin, a rally in Ethereum, and notable gains in altcoins. Explore the factors driving this crypto boom. Over the past week, the crypto market has witnessed a roller coaster of events. Bitcoin (BTC) has surged by over 21%. Its current market price stands at around $34,000, with a momentous 16-month peak recorded at $35,150 on Oct. 23. But Bitcoin isn’t the only cryptocurrency basking in the limelight. Ethereum (ETH) has marked an impressive uptick of around 19%, currently…

Renowned Trader ‘il Capo Of Crypto’ Covers Bearish Altcoin Bets as Bitcoin (BTC) Marches On

boss

“No, I am not bullish, just neutral. I’m not buying yet nor closing the shorts that are in profit, just the losing positions to derisk a bit. If the price goes back below the support zone, I will start adding shorts again,” Capo told CoinDesk. “the macro looks very bad, with a recession being likely, two big wars… and Binance could face big problems, that’s why I’m still big short BNB.” Original

Why Altcoin Buying May Need A Break

boss

In a recent trend evident on crypto charts, Bitcoin dominance is once again on the rise, prompting some traders and investors to rethink their strategies concerning altcoins. An in-depth analysis of the data, coupled with insights from prominent crypto analysts, unveils several compelling reasons to exercise caution when considering an altcoin purchase at this moment. Historical Precedence Bitcoin’s market dominance – its market cap relative to the entire cryptocurrency market – has historically been a leading indicator of market sentiment. If Bitcoin dominance is increasing, it means that sentiment toward…

New Gaming Altcoin Skyrockets Over 267% After Listings on Crypto Exchanges Binance and Coinbase

boss

A brand-new gaming altcoin has ripped by more than 267% this week after listings on multiple top crypto exchanges. Big Time (BIGTIME) is a free-to-play multiplayer action RPG game that launched its preseason on Tuesday after years of development. The BIGTIME token, which powers Big Time’s economy, also debuted this week, soaring from around $0.0709 on Tuesday to around $0.26 at time of writing. The asset also briefly reached a high of more than $0.333 at one point on Thursday morning. The token’s astronomical gains materialized after a slew of…

An Examination Of Their 3 New Altcoin Targets

boss

Savvy crypto investors—often dubbed “crypto whales” due to their sizable holdings, which can influence market trends have recently been setting their sights on a select group of altcoins, potentially aiming to capitalize on their prospective gains. Recent developments, such as the US Federal Reserve’s (Fed) hint at pausing rate hikes and speculations around the approval of more futures exchange-traded funds (ETFs) in the U.S., are suspected to be the catalysts steering crypto whale interests, according to Marti, a recognized voice from the Altcoin Buzz YouTube channel. Notably, Macroeconomic events have…

Crypto CEO Delivers Bad News For The Altcoin

Amidst the debate on the XRP price future trajectory, the CEO of Evai Crypto Ratings, Matthew Dixon, has provided insights into the token’s direction using the Elliot Wave Theory. However, his analysis doesn’t provide any relief to XRP holders as he projects a further decline for the token and its ecosystem. How XRP Price Is Looking On The Charts In a tweet shared on his X (formerly Twitter) platform, Dixon shared a price chart of XRP dating back to July, when Judge Analisa Torres ruled in favor of Ripple against…