Tag: Altcoin

This Exchange Altcoin Is a ‘Dark Horse’ Crypto Play Amid Good Market Structure, Says Trader

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A closely followed crypto analyst and trader is turning bullish on the native asset of a layer-1 blockchain. Pseudonymous analyst Loma tells his 303,500 followers on the social media platform X that BNB, the native asset of the BNB Chain, is displaying strength from both the technical and fundamental viewpoints. “I think [BNB] is a live dark horse for majors. Structurally looks good in both USD and BTC pairing. Negative funding since it’s typically hedged against spot holdings for fee reductions by larger whales. Free of SEC (U.S. Securities and…

Bitcoin won’t peak unless it crosses $71K, AI altcoin set to disrupt the market

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s (BTC) price is expected to surge considerably if it can stay above the $71,000 support level heading into its April 19 halving event.  Bitcoin’s past halving events have all led to prices reaching new all-time highs (ATHs), but things are a little different this time because of the introduction of spot exchange-traded funds (ETFs). The most traded cryptocurrency in the world has set new ATHs multiple times since…

AI Altcoin Project Lands on Crypto Exchange Binance in Surprise Listing

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An altcoin project focused on digital commodities and artificial intelligence (AI) is witnessing volatility after a surprise listing on Binance. The top global crypto exchange says it’s officially rolled out trading services for Bittensor (TAO). The announcement triggered a 9% surge in the asset to a high of $627.52 on Wednesday, before the coin dropped to $548.20 following Bitcoin’s big pullback to as low as $65,771. Bittensor is a decentralized blockchain platform that focuses on machine learning and AI. The open-source project enables users to produce digital commodities in distinct…

Crypto Expert Unveils Most Undervalued Altcoin Right Now

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Charles Edwards, the founder of crypto hedge fund Capriole Investments, spotlighted what he believes to be the most undervalued altcoin at the moment. Via a statement on X, Edwards pointed to PENDLE, a token operating within the DeFi space, citing its exceptional total value locked (TVL) and market cap as primary indicators of its undervaluation. “Perhaps the most undervalued alt right now is PENDLE. Massive $4.6B TVL (about 5% of entire crypto world’s TVL) and market cap just 14% of its TVL. Huge flywheel effects with Ethena also. Ludacris growth,”…

Solana Altcoin Rips After Earning Surprise Support From Crypto Exchange Coinbase

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One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US. In an announcement via the social media platform X, Coinbase says it’s adding Shadow Token (SHDW) to its trading platform. Shadow Token is expected to be available on the platform starting Wednesday, at noon Eastern Standard Time. Amid the listing news on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a high of $2.17, a gain of more than 18%. Shadow Token has since retraced slightly,…

Arthur Hayes Sells This Altcoin, How Did The Price React?

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Arthur Hayes, the founder of the crypto exchange BitMEX, recently made a move on an altcoin he had held since 2022. This move saw the transfer of over 230,000 GMX tokens to Wintermute Trading, seemingly making a profit of $3.2 million. Altcoin Dropped By Its Largest Personal Holder Blockchain research platform Lookonchain revealed that Arthur Hayes seemingly sold his GMX holdings yesterday. Hayes was the largest holder of GMX, the native token of decentralized perpetual exchange GMX. Throughout 2022, the BitMEX founder spent a total of 3,383 ETH, worth $5.17…

Bitcoin drops below $69k; AI altcoin newbie set for surge

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s plunge below $69,000 sends shockwaves through the crypto market, while the new AI cryptocurrency InQubeta gears up to change blockchain investments amidst the turmoil. Bitcoin’s latest plummet below the $69,000 threshold has sent ripples through the cryptocurrency market, affecting the stock performance of major industry players like MicroStrategy and Coinbase. This downturn, happening just weeks before the anticipated Bitcoin halving, has stirred speculation and analysis within the crypto…

Bitcoin Cash, Jupiter, and KangaMoon lead April’s altcoin rally

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. April’s crypto spotlight shines on Bitcoin Cash, Jupiter, and KangaMoon, three altcoins poised for potentially significant growth. With Bitcoin Cash’s bullish trend, Jupiter’s aim for new highs, and KangaMoon’s rapid presale progress, investors have exciting opportunities to diversify their portfolios. Bitcoin Cash (BCH), Jupiter (JUP), and KangaMoon (KANG) are three top altcoins offering an alternative income source beyond traditional earnings. Bitcoin Cash’s price particularly stands out with its recent…