why altcoins follow BTC’s lead

Bitcoin (BTC) has hit another all-time high, its third since March, and the altcoin market is growing alongside it. Why does this happen? From the onset of the cryptocurrency era, Bitcoin was synonymous with “cryptocurrency” due to the absence of other digital currencies. Over time, though, thousands of new blockchain projects have emerged, each with unique applications. Despite this diversity, Bitcoin continues to be the dominant force, influencing market trends across the cryptocurrency spectrum. This article delves into why and how altcoins are so closely tied to Bitcoin’s market movements.…

Crypto Expert Spotlights Top 2 Altcoins For Web 3.0

Crypto analyst Michaël van de Poppe recently cast a spotlight on two altcoins poised to significantly impact the Web 3.0 ecosystem. In a detailed exposition shared on X (formerly Twitter), Van de Poppe introduced “modular blockchains” and “DePin” as emerging concepts set to redefine the crypto landscape. Emphasizing the need for tangible use cases, Van de Poppe stated, “I’m advocating for investing into projects that fulfill actual use cases. Hence why I’m not that much focused on projects within the Gaming, Metaverse, NFT or Meme space, […] I’d rather want…

These Are The Ethereum Altcoins Witnessing High Whale Interest

Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity recently. The indicator of relevance here is the “whale transaction count,” which keeps track of the total number of transfers taking place on the network for a given cryptocurrency that is valued at $100,000 or more.…

Crypto Analyst Identifies 8 Altcoins To Turn $1,000 Into $1 Million

Popular crypto analyst on X, cyclop (@nobrainflip) with 346,000 followers made a compelling argument for investors looking to maximize their returns through strategic altcoin investing. With Bitcoin (BTC) making a new all-time high, the focus has shifted to altcoins, which are poised for significant growth in the current bull cycle. According to the analyst, the market moves in a predictable cycle, starting with a surge in BTC and ETH, followed by high-cap altcoins, and finally, the lower-cap coins. “We’re entering a phase where the real growth will be seen in…

Top 7 AI altcoins that can shape 2024’s web3 landscape

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The AI cryptocurrency ecosystem is gaining attraction, partly propelled by OpenAI’s groundbreaking Sora platform. AI projects gaining traction this season include DeepFakeAI (FAKEAI), Paal AI (PAAL), Fetch AI (FET), Bittensor (TAO), Render Network (RNDR), ChainGPT (CGPT), and PaLM AI (PALM).  Blockchain and artificial intelligence in 2024 2023 was the year in which artificial intelligence (AI) moved from its once speculative future to a more concrete reality. Artificial intelligence, previously…

Top 6 Altcoins That Will Benefit From Ethereum’s Dencun Upgrade

As the Ethereum ecosystem braces for the much-anticipated Dencun upgrade, renowned crypto analyst Miles Deutscher provides an in-depth look at the altcoins poised for significant growth. Scheduled for March 13, the Dencun upgrade is a critical hard fork aimed at enhancing Ethereum’s scalability, security, and usability. Deutscher’s insights reveal how specific Layer 2 (L2) solutions are uniquely positioned to benefit from the upgrade’s introduction of Proto-Danksharding and other key enhancements. Deutscher explains, “The Dencun upgrade, especially with EIP-4844, represents a paradigm shift in how Ethereum will handle transactions. By drastically…

Altcoins Like Solana And Ethereum Are About To Explode: Analyst

A technical indicator shift has sparked predictions of an imminent altcoin surge, with one analyst on X forecasting gains as sharp as those posted in 2017 and 2021. This Technical Indicator Just Shifted To Green Taking to X, the analyst said this optimism follows a change in the Gaussian Channel, a technical indicator used to assess market momentum. On X, the trader notes that the Gaussian Channel has, after weeks, flipped from red to green. Reading from historical performance and indicator changes suggests that there could be a bullish shift for leading…

These Are The Altcoins Drawing Whale Interest, Santiment Reveals

The on-chain analytics firm Santiment has revealed some altcoins currently witnessing high interest from the whales. Whale Transactions Have Spiked For These Altcoins Recently In a new post on X, Santiment has discussed how several altcoins have been showing interest from the whales. The on-chain indicator of relevance here is the “Whale Transaction Count,” which keeps track of the total number of transfers carrying a value of at least $100,000 taking place every day on the blockchain for any given cryptocurrency. Such large transfers are generally assumed to be coming…

The Tipping Point: Altcoins Bull Market Incoming, Predicts Analyst

A renowned crypto analyst on X has recently sparked discussions within the altcoin community by predicting an imminent “altcoins bull market.” This anticipation is rooted in observing a notable pattern in the altcoin market cap chart. Accumulation Pattern Suggests Bull Market Incoming According to the crypto analyst Mags on X, the market capitalization of cryptocurrencies, excluding Bitcoin, has reached a crucial stage in the Wyckoff Accumulation Pattern, hinting at potential upward momentum shortly. For context, the Wyckoff Accumulation Pattern, named after Richard D. Wyckoff, a pioneering early 20th-century trader, is…

Crypto Analyst Unveils The Best Gaming Altcoins For This Bull Run

Miles Deutscher, a renowned crypto analyst on X (formerly Twitter), recently announced the onset of what is poised to be the most monumental bull run in the history of crypto gaming. Deutscher’s commentary comes at a time when the sector is witnessing unprecedented growth, with notable milestones such as the fourfold increase in value of Heroes of Mavia since its launch, and the introduction of Gunzilla Games on the XBOX platform. 2024: A Breakout Year For Crypto Gaming? These developments have contributed to the gaming market cap reaching a staggering…