Altcoin Archives

‘Altcoin season’ anyone? Bitcoin dominance tumbles after XRP victory

July 14, 2023 boss

Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission (SEC), with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark. Bitcoin dominance — the leading cryptocurrency’s proportion of the total crypto market cap — fell to 49.76% during Asian trading on July 14, according to TradingView. Just weeks earlier, BTC market dominance finally managed to rachet above 50% after a dry spell of two years amid a slew of applications for spot Bitcoin…

Crypto Exchange Binance Lists Hot Ethereum Altcoin Project That’s Up 110% This Month

July 7, 2023 boss

A soaring altcoin project built on Ethereum (ETH) is picking up support from Binance, the world’s largest crypto exchange by volume. Binance recently announced the listing of Pendle (PENDLE) in their Innovation Zone. The platform allows for spot trading pairs with Bitcoin (BTC), PENDLE/BTC, Tether (USDT), PENDLE/USDT, and TrueUSD (TUSD), PENDLE/TUSD. Binance’s Innovation Zone is a dedicated trading space for crypto assets that could be more prone to rapid price swings. Pendle is a tokenized decentralized finance (DeFi) yield-trading protocol that enables investors to purchase assets at a discount and…

Blur (BLUR), Arbitrum (ARB) Lead Altcoin Surge as Traders Anticipate Bull Run

June 27, 2023

Arbitrum, meanwhile, has surged by 33.2% in the past 12-days as activity on the layer 2 blockchain continues to mount. Total value locked (TVL) on Arbitrum-based platforms like GMX and Radiant has increased by 12.5% and 9.3% in the past seven days, according to DefiLlama, as traders demonstrate an appetite to capture DeFi yields. Source

Old-School Bitcoin Hard Fork Altcoin Pumps by 82% This Week Amid Support From New Wall Street-Backed Exchange

June 25, 2023 boss

An old-school Bitcoin (BTC) hard fork altcoin is making headlines this week after a listing on a brand new crypto exchange sent the asset’s price soaring. Bitcoin Cash (BCH), which was spun off from Bitcoin in 2017, is up 41% in the past 24 hours and more than 62% in the past week. The 20th-ranked crypto asset by market cap is trading at $195.51 at time of writing. BCH was one of four crypto assets to receive support from the newly launched digital asset marketplace EDX Markets. The new exchange…

Bitcoin gets closer to ‘51% attack’ on altcoin market

June 13, 2023 boss

Bitcoin’s (BTC) percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight against other cryptocurrencies, reached 49.29%, slightly down from its two-year highs of 49.66% seen earlier this week. BTC.D daily price chart. Source: TradingView BTC not an “unregistered security” The surge in Bitcoin dominance comes after the United States’ Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchanges Binance and Coinbase. In its court filings, the…

How to find the next big altcoin before it pumps

June 8, 2023 boss

Join us as we discuss the best way to find the next big altcoins before they pump and what every trader should be doing right now. In this week’s episode of Market Talks, Cointelegraph welcomes Lark Davis, who has been actively involved in the world of cryptocurrency since 2017. He is a Bitcoin (BTC), crypto and stock investor and boasts over 1 million followers on Twitter and over 470,000 YouTube subscribers. In today’s discussion with Davis, we first get to know him a little better by finding out how he got…

Crypto Markets BNB Price Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Crash, BTC Price Remains Flat

June 7, 2023

BNB, the Binance Smart Chain’s native token, dropped 8% in the last 24 hours to as low as $252, its lowest price since early January, according to CoinDesk data. Cardano’s ADA, Polygon’s MATIC and Solana’s SOL, all top 10 tokens by market capitalization, also nosedived between 6% and 8% through the day. Source

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

May 27, 2023 boss

Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Ethereum-Based Ribbon Finance’s DEX Aevo Starts Altcoin Options Trading

May 15, 2023

Aevo users can trade options tied to Lido’s LDO, Pepecoin (PEPE), Sui’s SUI, Arbitrum’s ARB, Litecoin (LTC), Aptos (APT) and others tokens which could earlier only be traded through an over-the-counter desk, Ribbon Finance said in a press release shared with CoinDesk. Source

Top US Crypto Exchange Coinbase Rolls Out Official Trading Support for Ethereum-Based Cross-Chain Bridge Altcoin

May 5, 2023 boss

Top US crypto exchange Coinbase is rolling out trading support for an under-the-radar cross-chain bridge altcoin built on Ethereum (ETH). The exchange’s customers can now trade Multichain (MULTI), a cross-chain protocol that aims to be “the ultimate router for Web 3.0.” Formerly known as Anyswap, the project launched in July 2020 and has processed $103.45 billion in total volume. It currently supports 92 different chains. Multichain currently ranks third among all cross-chain bridge projects in terms of total value locked (TVL), with $1.8 billion at time of writing, according to…