Tag: Altcoin

Binance Launchpool Announces Upcoming Support for New Decentralized Derivatives Exchange Altcoin

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Binance is planning on rolling out support for a new decentralized derivatives exchange altcoin via its Launchpool platform. The top global crypto exchange platform by volume says its 48th Launchpool project will be Aevo (AEVO), an Ethereum (ETH)-based digital asset exchange that supports options, perpetual futures, and other products within a single margin account. Launchpool allows users to stake coins to farm new assets. Starting on Friday, Binance users will have five days to stake BNB, Binance’s native token, and the stablecoin First Digital USD (FDUSD) in separate pools to farm…

Bitcoin halving approaching; AI altcoin raises over $10m in presale

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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. After Bitcoin halving, miner rewards will drop by 50%. The event occurs every four years and it aims to rein in internal inflation. As Bitcoin becomes scarcer, and assuming sustained demand, prices trend to go up. So far, Bitcoin is soaring as the demand for spot ETFs explode. Prices recently shot above $68,000. Amid this, new altcoins like InQubeta (QUBE), an AI-focused project, is also benefiting.   InQubeta: Linking…

Crypto Expert Says ‘Prepare Yourself’ For Massive Altcoin Run, Here’s Why

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Cryptocurrency analyst, Michael van de Poppe has alerted the broader cryptocurrency community about an upcoming altcoin rally. The analyst has cited the recent upward trend experienced by Bitcoin as a positive signal for this prediction.  Get Ready For Major Altcoin Run In a recent X (formerly Twitter) post, Poppe suggested that altcoins are poised to become the next in line for the 2024 bullish momentum. Citing Bitcoin’s recent upward surge to over $60,000, the crypto analyst has disclosed that this substantial price increase is a clear signal for a potential…

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

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An under-the-radar, interoperability-focused altcoin set a new all-time high after Binance announced it was listing the asset. Axelar (AXL) is a programmable Web3 interoperability platform that aims to provide cross-chain communication between numerous blockchains. Explains the project’s website, “Unlike other cross-chain connectors, Axelar is a proof-of-stake blockchain: it can do anything a blockchain can do. Transparent smart contracts built on Axelar automate paths for users, reducing them to a single click. Permissionless tools reduce developer overhead.” The project’s native asset, AXL, is trading at $1.94 at time of writing, a…

Dogecoin (DOGE), PEPE, SHIB Rally Could Be Early Signal for Impending Altcoin Season

However, the report pointed out that timing the altcoin season is a “risky sport,” as the bitcoin ETFs have altered the crypto investment landscape, and there’s no guarantee that the money flowing to bitcoin will eventually trickle down to smaller assets. “There is enough risk appetite to send a select few alts on big runs, but we have yet to see a new wave of retail entering the altcoin arena to create the rising tide that lifts all boats,” said K33. Source

Altcoin Market Cap Break From “Wyckoff Accumulation Phase”: Will Ethereum, XRP Fly?

In a post on X, one analyst observes that the altcoin market capitalization has broken from the Wyckoff accumulation phase. With this upswing, the trader expects altcoin prices to move higher. This refreshing breakout coincides with Bitcoin’s (BTC) stellar performance when writing on February 28. At spot rates, the coin is trading above $60,000, a psychological round number- now supported- and is closely approaching $70,000.  The Altcoin Breakout From Accumulation The “Wyckoff accumulation pattern” is a concept developed by technical analysts to pick out potential buying opportunities, in this case, altcoins.…

Crypto Analyst Unveils Ultimate Altcoin Buying Guide

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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

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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

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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…