Tag: Altcoins

Aug. 15 crucial date as Bitcoin and altcoins continue to rise

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Cryptocurrency prices rose for the fourth consecutive day as concerns about a US recession faded after encouraging jobless claims data. It was a sea of green as Bitcoin (BTC) and most altcoins, which have risen by over 30% from their lowest point this week. US inflation report ahead One of the main catalysts driving the recent crypto and stock rally was the US jobless claims report on Aug. 8. According to the Bureau of Labor Statistics, the number of claims dropped to 233,000 in the prior week. A week before…

Monero leads top altcoins in 24-hour gains despite sea of red

Monero is currently the top-performing cryptocurrency among the top 100 by market cap over the past 24 hours. On Aug. 2, Monero (XMR) rose above $164, posting intraday gains of nearly 5%, while most of the crypto market struggled while Wall Street traded deep in the red. Monero, a privacy coin, has faced challenges in recent months, mainly due to several exchanges delisting its native token amid increasing regulatory scrutiny. Despite this, XMR remains one of the top 100 coins by market cap, currently ranking 27th with a market cap…

Altcoins WIF, BONK, RUNE and JUP drop 10% as Bitcoin recedes 4%

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Altcoins dogwifhat, Bonk, THORChain, and Jupiter have suffered losses above 10% as Bitcoin dipped 4% in the last 24 hours. Following a period of relative calm yesterday, July 31, Bitcoin’s (BTC) price actions experienced a dramatic shift as the cryptocurrency fell by more than $3,500, bringing its value down to $63,300. At the same time, altcoins also mirrored this trend, with the total value of liquidated positions soaring to nearly $225 million over the course of the day. Initially, the week started on a high note for Bitcoin, as it…

Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down

Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support. ADA price started a fresh decline from the $0.450 resistance zone. The price is trading below $0.4120 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.4060 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down and test the $0.380 support zone. Cardano Price Shows Signs of More Downsides After…

Don’t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting

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The crypto market is again all shades of green, with Bitcoin and altcoins enjoying significant rallies. Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. “The Best Is Yet To Come” For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the “best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the $60,000 range as support. The crypto analyst added that altcoins also seem to have…

Buying ‘Ethereum Beta’ Altcoins Is A Recipe For Disaster: Research

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In a research report released on July 18, 2024, Thor Hartvigsen, a crypto researcher, strongly cautioned against the investment strategy of purchasing high-beta altcoins within the Ethereum ecosystem as a leveraged tactic, particularly with the forthcoming launch of the spot Ethereum ETFs in the United States. Hartvigsen’s analysis titled “ETH Beta – a Recipe for Disaster?” provides an analysis of whether buying ETH-correlated altcoins, commonly referred to as ‘ETH betas,’ constitutes a good investment strategy. These assets, including tokens like OP, ARB, MANTA, MNT, METIS, GNO, CANTO, IMX, STRK (all…

Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?

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A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs.   Bitcoin Anticipated To Hit $100,000 In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ disclosed that he was more pessimistic on altcoins than Bitcoin, the world’s largest cryptocurrency. DonAlt believes that Bitcoin could witness a mega rally, pushing its price to trade at $100,000 in…

Altcoins BRETT, PEPE, WIF, and JUP plummet 10% as Bitcoin drops 4%

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On July 8, the majority of altcoins were seen in the red, including BRETT, PEPE, WIF and JUP, which fell over 10% as Bitcoin, the world’s largest cryptocurrency, dropped 4% in the past day. At the time of writing, BRETT, the meme coin inspired by a character from the “Boy’s Club” comic, was still down 8% in the last 24 hours and 30% in the last 7 days. Over the last day, the crypto asset’s trading volume was hovering around $49.1 million. Moreover, the meme coin’s market cap has also…

These Are The Altcoins In Buy Zone, Analytics Firm Reveals

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The on-chain analytics firm Santiment has revealed the altcoins that are currently in the historical buy zone according to a fair value model. A Large Amount Of Altcoins Are Currently Near The Opportunity Zone In a new post on X, Santiment talked about what the various assets in the cryptocurrency sector are looking like right now based on their Market Value to Realized Value (MVRV) ratios. The MVRV ratio is an indicator that keeps track of the profit/loss status of the addresses on any given network. When the value of…