Tag: Altcoins

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…

BTC could hit $500k in 2029, $1m by 2033; these altcoins could follow a similar trend

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s bullish forecast and SEC’s Ethereum case drop; Angry Pepe Fork sees notable presale interest among investors. Analysts have foreseen a bright future for the price of BTC, with indications that it might even hit the $1M mark by 2033. According to reports, despite the bears arguing that Bitcoin ETF trade is done and that most early Bitcoin ETF allocations were driven by retail investors, optimistic predictions remain for…

BTC Hashrate decline spurs interest in altcoins: APORK, RNDR, APT emerge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A break in Bitcoin’s hashrate uptrend raises concerns but boosts bullish sentiment for altcoins like Render (RNDR), Aptos (APT), and Angry Pepe Fork (APORK). A technical break in Bitcoin’s hashrate, which had previously exhibited a robust 18-month uptrend, has emerged as a cause for concern among cryptocurrency analysts. The true hashrate has fallen to 600 exahashes per second (EH/s). The move from the uptrend is a signal that mining…

Germany Moves 750 Bitcoin (BTC), Altcoins Bleed Liquidity

Bitcoin, after a brief surge above $62,000 in the early Asian session, retreated to $61,400. The price fell amid significant on-chain activity in the German government’s BTC holdings. According to blockchain sleuth Lookonchain, the eurozone’s largest economy transferred 750 BTC, valued at over $46 million, sending 250 BTC to crypto exchanges Bitstamp and Kraken, an indication that the country may be preparing to sell the tokens. This action, part of a divestment of BTC seized from a privacy website, added to bearish pressures in the market. The government holds over…

Top Analyst Highlights 4 Altcoins To Buy

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In a new video titled “If I Had To 10X My Money, I’d Only Hold These 4 Altcoins!” aimed at shedding light on potential bull market leaders, renowned crypto analyst Miles Deutscher dissected the crypto landscape to pinpoint four altcoins that he believes could significantly outperform the market. His insights came in response to a query from his Discord channel about potential 5x to 10x gains during the current bull market. Deutscher believes that success in the crypto markets doesn’t necessarily come from holding a vast array of coins but…

Crypto sees over $300 million in liquidations as Bitcoin, altcoins plummet

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Bitcoin price broke below $61,000 on Monday as bearish pressure intensified, and the market has seen over $320 million in total liquidations in 24 hours as a result. With bulls unable to hold key price levels as BTC traded lower, today’s dip sees buyers staring at a potential dip to the psychologically important $60,000 level. The bloodbath is also visible across the altcoin market as Ethereum failed to hold above the $3,300 level. Meanwhile, Solana, BNB and XRP all shed significant chunks of recent gains. Uniswap and Maker, down 12%…

This Is The Biggest Issue With Altcoins This Cycle: Crypto Analyst

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In a thread on X, Miles Deutscher, a renowned figure in the crypto analysis sector, has dissected what he views as a critical flaw in the current altcoin market. Addressing his extensive following, Deutscher elaborated on the impact of the rapid increase in the number of new crypto tokens, an issue he believes to be at the core of the altcoins’ underperformance in this cycle. The Proliferation Of Crypto Since April 2024, the crypto landscape has witnessed the introduction of over 1 million new crypto tokens, with a notable half…

Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next?

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The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key economic updates. These included the release of US CPI data, the Federal Open Market Committee (FOMC) meeting, and Producer Price Index (PPI) figures. These events seemed to spark a rapid surge in Bitcoin price, pushing it briefly towards the $70,000 mark before a swift downturn adjusted the valuation back to around $65,000. Related Reading Market Shifts: BTC Faces Major…

Bitcoin (BTC) Price Bounces to $67K with Mining Stocks HIVE, WULF, CAN Rallying; XRP Leads Altcoins

Bitcoin has been chopping sideways in a tight range below its all-time record prices since March, flushing out excess leverage in liquidation cascades, and surely causing some impatience from market participants, particularly the “number go up” crowd. Underscoring the boring price action, bitcoin’s 30-day realized volatility has dropped to near historic low levels, Alex Thorn, research head of digital asset investment firm Galaxy, pointed out in an X post. Source

Bitcoin (BTC) Price Plummets to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

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The Federal Reserve this Wednesday projected only one rate cut for this year, less than the central bank’s previous forecast, dashing investor hope for looser monetary policy coming this summer. Political uncertainty in Europe with a snap election being called in France also pushed the U.S. dollar index (DXY) higher against other major currencies to its strongest level in more than a month, putting pressure on bitcoin. Original