Tag: Altcoin

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…

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

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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

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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…

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

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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

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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

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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…