Tag: Altcoin

Bitcoin spot ETF launches on Euronext, analysts expect more growth for this AI-centric altcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jacobi Asset Management’s recent introduction of a Bitcoin (BTC) Spot ETF on Euronext could bridge the gap between traditional finance and crypto, potentially unleashing a new era of investment possibilities. Amidst this development, InQubeta is fast rising. The artificial intelligence (AI)-centric altcoin appears to be capturing the imagination of tech enthusiasts and investors alike. The convergence of AI and non-fungible tokens (NFTs) can also open new avenues for innovation.  This article explores InQubeta’s growth potential while shedding light…

Bitcoin is stable amid rising popularity of new AI altcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Few coins have garnered as much attention and speculation as Bitcoin, often regarded as the go-to cryptocurrency for beginners. Its meteoric rise, followed by dramatic crashes, has become a hallmark of the crypto landscape. However, 2023 has presented a surprising shift in the narrative as Bitcoin finds itself in an unprecedented era of stability. While this newfound calmness has intrigued many and led some to consider it the best coin to buy, another project is gaining…

Altcoin Season In Limbo As Bitcoin Dominance Holds Key Support

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Market observers are closely eyeing the tussle between Bitcoin and its altcoin counterparts. Bitcoin’s dominance, a critical indicator of its market influence relative to the entire crypto market, has reached a pivotal crossroads. This juncture holds the potential to determine whether this year’s trend of Bitcoin outperforming altcoins will persist or if the heralded “altcoin season” is on the horizon. Bitcoin Dominance (BTC.D) stands as a percentage value that calculates Bitcoin’s market capitalization against the entire global crypto market capitalization. This metric has garnered substantial attention due to its role…

Kraken dominates US altcoin market liquidity in July

In July, Kraken reinforced its dominance as the top platform for altcoin trading in the US. Kaiko reports reveal that Kraken commanded nearly 50% of the market depth for the top 10 altcoins. On Aug. 9, Kaiko’s research analyst, Dessislava Ianeva, spotlighted Kraken’s significant altcoin market influence. 📈🤔In July, Kraken emerged as the most liquid platform for alts in the US.👉 Its claiming almost half of the market depth for the top 10 alts. pic.twitter.com/2fumt7yi9a — Dessislava Ianeva (@DessislavaIane2) August 9, 2023 Known for its impressive euro volume and liquidity,…

Kraken Surges Ahead In Altcoin Liquidity, Overtaking Coinbase In US: Kaiko

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The world of cryptocurrency exchanges, often clouded with volatility and competition, has recently been witnessing a distinct shift in dynamics, particularly as a Kraken is taking the lead in the US altcoin trading space. The latest data reveals Kraken, the California-based crypto exchange, is now dominating its rivals, specifically Coinbase, in the altcoin market. Dominating The Altcoin Trading Landscape Data analytics from crypto research firm Kaiko has highlighted Kraken’s emergence as the premier US crypto exchange for altcoin trading. With significant shifts in market depth percentages and a notable increase…

Crypto Analyst Deciphers XRP Price Movement: What’s Next For The Altcoin?

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One of the leading names in the crypto analysis sector, Michael van de Poppe, recently shed light on XRP’s price movements. Known for his crypto observations, his latest tweet has stirred conversations in the crypto community, especially pertaining to Ripple’s native cryptocurrency, XRP. In his most recent analysis, van de Poppe indicated that XRP’s price movement is now at a critical juncture.  XRP Entering The ‘Area Of Interest’ Particularly, according to Michael van de Poppe’s tweet, XRP is currently moving into what he terms an ‘area of interest’ on its…

Elon Musk tweets and Twitter bot spam influences altcoin prices: Study

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Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested. Using a sample of various FTX-listed cryptocurrencies in a study published Aug. 2, the Network Contagion Research Institute (NCRI) said it analyzed over 3 million tweets posted between Jan. 1, 2019, to Jan. 27, 2023, surrounding 18 altcoins. The study found that Twitter bot activity played a crucial role in amplifying the value of these cryptocurrencies, including The Sandbox (SAND), Gala (GALA), Gods Unchained (GODS) and LooksRare…