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Tag: altcoins

Bitcoin price: Bitcoin, Ethereum hold crucial supports; all eyes on India’s crypto bill

Bitcoin after falling significantly last week, from a new all-time high of $69,000 hit earlier this month, now faces stiff resistance at $57,500 followed by $60,000. That said, BTC buyers have been quite active during this correction, which came after the unfavourable $3 billion options expiry on Friday.
The asset will continue to maintain its bullish stance as long as it doesn’t fall below the $53,000 mark. Although it will not be able to step out of the consolidation phase until the price beats the $60,000 mark.
BTC, as always, has had a spillover effect on some altcoins too….

Asmongold slams “ridiculous” people who spend thousands on NFTs

Twitch star Asmongold isn’t afraid to voice his opinions on topical matters, and now, the rise of NFTs has moved into his crosshair. However, his views on blockchain technology aren’t sitting well with everyone.

The exponential rise of cryptocurrency and blockchain technology has become a daily topic of conversation the internet, with views about them being split across the board.
Many influencers have gotten involved with Bitcoin, Altcoins, and NFTs – with the latter being a major source of controversy for some, especially as they creep further into the gaming…

Crypto Analyst Explains Why He Considers These 3 Altcoins ‘Millionaire Makers’

Recently, crypto analyst and influencer Tyler Swope talked about several cryptoassets that he expects to have “a very bullish end to this year.”

In a YouTube video released on November 24, the host of the “Chico Crypto” YouTube channel, told the over 298K subscribers about five assets that he feels are great buys right now: $OHM, $KLIMA, $REN, $KILT, and $EWT.

In this article, we highlight what he said (according to a report by The Daily Hodl) about three of his picks: Olympus ($OHM), Ren ($REN), and Energy Web Token…

Crypto Whales Are Pouncing on Eight Ethereum-Based Altcoins Amid Crypto Market Dip

The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH and eight additional altcoins running on the leading smart contract platform.
According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets accumulated the meme coin Shiba Inu (SHIB) above all other Ethereum-based tokens in the last 24 hours.

At time of writing, SHIB is down 5% at a price of $0.000039 per token.
Next up, the whales pounced on Basic Attention Token (BAT), which is the native asset of the Brave browser ecosystem.
The altcoin…

Crypto Trader Tyler Swope Is Bullish on Several Altcoin Projects As End of 2021 Approaches

Crypto investor Tyler Swope is unveiling his top altcoins as volatility rattles the overall crypto markets.
In a new video, Swope tells his 298,000 YouTube subscribers that his number one altcoin is decentralized reserve currency OlympusDAO (OHM).

“In a short amount of time, it’s become one of the most diversified, non-protocol token treasuries in crypto… Purchasers of OHM are incentivized to HODL and stake as the APYs [annual percentage yields] for staking are insane. Currently over 7,300%!
Olympus has started a DeFi revolution, which is apparent from the amount of forks…

3 Underrated Altcoins to Buy As Polkadot Surges 158%: Crypto Analyst

Bitcoin and ethereum have each had an outstanding 2021 but may be running out of upside.
Mehdi Farooq, a senior analyst at Token Metrics, made the case for polkadot to go on a big run.
The crypto bull shared why he still likes bitcoin and ethereum but is closely eyeing three altcoins.
Mehdi Farooq considers himself to be a bitcoin bull, even though some of his peers might not.The senior investment analyst at Token Metrics admits his price target for the world’s biggest cryptocurrency —…

Bitcoin, Ethereum and Altcoins Nosedive


Bitcoin price failed to extend recovery and declined sharply.Ethereum declined 8%, XRP dived 10%BNB, ADA, DOGE, DOT, and SOL are down over 8%.Bitcoin price failed to settle above the USD 58,500 resistance zone. BTC struggled to continue higher and started a sharp decline below USD 55,000, after stock markets in Asia and US stock futures all pointed lower on fears over a new variant of the coronavirus that is spreading in South Africa. It is currently (11:32 UTC) down almost 7% and traded to a new weekly low.Similarly, most major altcoins are moving lower. ETH is down 8% and it even tested…

Bitcoin Consolidates, Ethereum Trims Gains, BAT Skyrockets


Bitcoin price extended recovery above USD 58,500.Ethereum broke the USD 4,400 resistance, XRP is stuck below USD 1.05.GALA, LPT, and BAT are up over 29%.Bitcoin price managed to extend gains above the USD 58,500 resistance zone. BTC even cleared the USD 59,000 level, but there was no break above USD 60,000. It is currently (04:45 UTC) consolidating, trading above the USD 57,500 support, and is up almost 1% in a day.Besides, most major altcoins are moving higher. ETH is up 3% and there was a break above the USD 4,400 level. XRP is still struggling to clear the USD 1.05 resistance. ADA is…

Bitcoin and Ethereum Move Higher, BNB Rallies


Bitcoin price is rising and targeting USD 58,500.Ethereum broke the USD 4,350 resistance, XRP reached USD 1.05.BNB rallied almost 8% and it broke the USD 630 resistance.Bitcoin price started a steady recovery wave from the USD 55,500 support level. BTC broke the USD 57,500 and USD 58,000 resistance levels. It is currently (11:54 UTC) rising and there are chances of further gains above USD 58,500.Besides, most major altcoins are also moving higher. ETH broke the USD 4,320 and USD 4,350 resistance levels. XRP reached USD 1.05, while ADA is still well below the USD 1.80 resistance zone.Total…

Bitcoin and Ethereum Try to Recover, SAND Doubles in a Week


Bitcoin price seems to be forming a base above the USD 55,500 support.Ethereum settled above USD 4,250, XRP still below USD 1.05.SAND and GALA are up over 22%.Bitcoin price is trading well above the USD 55,500 support level. BTC is rising and is currently (04:41 UTC) trading near USD 57,500. A close above USD 58,000 could open the doors for a steady recovery wave in the near term.Besides, most major altcoins are showing positive signs. ETH is back above USD 4,250 and it might clear the USD 4,350 resistance. XRP must settle above USD 1.05 to start a steady increase. ADA is trading below the…

Bitcoin Stuck Below USD 57K, Ethereum Inches Higher, SAND & ZEC Rally


Bitcoin price is still struggling below USD 57,000.Ethereum could face resistance near USD 4,350, XRP is stuck below USD 1.05.MANA, CRO, SAND, and ZEC are up over 18%.Bitcoin price is still facing many hurdles below the USD 58,000 resistance zone. BTC is currently (12:00 PM UTC) consolidating above the USD 55,500 support. A close below this level may possibly spark a sharper decline.Besides, most major altcoins are stuck in a range. ETH is rising towards the USD 4,350 resistance zone. XRP is facing resistance near USD 1.05, while ADA is still below USD 1.70.Total market…

Bitcoin Remains At Risk, Ethereum, Small Altcoins Try to Recover


Bitcoin price is showing bearish signs below USD 57,000.Ethereum is trying to recover above USD 4,250, XRP is still above USD 1.00.SAND rallied further and cleared the USD 6.30 level.Bitcoin price failed to gain pace above the USD 58,000 resistance zone. As a result, BTC started a fresh decline and traded below USD 56,500. It is currently (04:31 UTC) back above this level but still showing bearish signs and it could accelerate below USD 56,000.Besides, most major altcoins are attempting a recovery wave. ETH is back above USD 4,200, and it could rise towards USD 4,320. XRP must settle above…

Binance Smart Chain’s record-breaking maneuvers can have this effect on Binane Coin

At press time, most of the top ten altcoins seemed to be in a tight spot with Bitcoin falling below the $57K mark. Nonetheless, as the bullish market momentum paused for the top coins, some alts (like AVAX and CRO) stole the show with their price action. But there were others like Binance Coin (BNB) that did the same with their network growth. 
BNB seemed to be facing the brunt of the larger market, trading at $565.37 noting 7.63% weekly losses. However, Binance Smart Chain’s growth over the last week left participants baffled.
In fact, ahead of BSC’s next hard fork upgrade,…

Bitcoin and Ethereum Hold Crucial Support, Smaller Altcoins Surge


Bitcoin price is struggling below USD 57,000.Ethereum is steady above USD 4,120, XRP nears USD 1.03.SAND extended rally by 42%, CRO gained nearly 14%.Bitcoin price is struggling to clear the USD 57,500 and USD 58,000 resistance levels. BTC is currently (11:30 UTC) consolidating near USD 56,000 support. It could either start a steady increase to USD 60,000 or dive below USD 55,500 in the near term.Besides, most major altcoins are struggling to start a recovery wave. ETH is trading well below USD 4,250, but it is steady above USD 4,120. XRP is trending lower towards the USD 1.00 level. ADA…

Bitcoin and Ethereum Struggle, SAND and EGLD Rally


Bitcoin price started a fresh decline after it struggled near USD 58,500.Ethereum is struggling below USD 4,200, XRP is consolidating above USD 1.00.SAND rallied 31%, and EGLD gained nearly 16%.Bitcoin price attempted recovery wave above the USD 58,000 level. However, BTC failed to gain strength and struggled above USD 58,500. As a result, there was a fresh bearish reaction, and the price is currently (04:58 UTC) trading below USD 57,000.Besides, most major altcoins are showing bearish signs. ETH is trading below USD 4,200 and it could continue to move down. XRP is still above USD 1.00,…

Can Monero & Dash rally like Zcash to strengthen the “privacy coin market”?

Bitcoin’s weakened market rally and subsequent losses over the last week gave way for altcoins to steal the show. While Avalanche and Crypto.com coin were among the few top alts that rallied, some took the market by surprise like Zcash (ZEC). 
Over the last four days, ZEC outperformed major altcoins and even Bitcoin in terms of price gains charting over a 50% rise in price in just four days. This price uptrend came as a part of a rebound after Electric Coin Company discussed the prospects of moving Zcash from proof-of-work to proof-of-stake. 
Source: TradingView
After reaching an ATH…

Charles Hoskinson believes Cardano is in the best position to venture in this space…

Futuristic and feature rich cryptocurrencies like Cardano are making the crypto adoption initiative more smooth and worthy. Yet the price of Cardano’s native token, ADA doesn’t reflect much. At least compared to other “shitcoins”. Maybe the coin needs something like what a few trending altcoins have got: the spirit and the followers. Yet, Cardano is trying or at least plans to revolutionize its blockchain into an interoperable one. Even compete with its biggest rival – Ethereum.
Here are a few aspects/ideas that Cardano’s chief executive discussed in the latest AMA…

What Algorand’s curious price trajectory says about the altcoin

With Bitcoin and Ethereum consolidating as some altcoins see impressive rallies, many in the market are looking at this as the start of the altcoin season. Over the last few days, tokens like Avalanche, Decentraland (MANA), and Crypto.com Coin have been among the market’s biggest gainers.
On the other hand, Algorand has been tempting the market with higher gains, presenting a rather curious price action. 
Algorand’s price too seemed affected by the larger market sell-off. Its price dropped by almost 23% in four days after making a quick jump to $2.9 on 18 November, following an…

Bitcoin and Ethereum Resume Decline, AVAX Flips DOGE


Bitcoin price failed to clear USD 60,000 and started a fresh decline.Ethereum is back below USD 4,200, XRP is struggling to stay above USD 1.00.SOL gained 3%, while AVAX flipped DOGE and entered the Top 10 club.Bitcoin price attempted a fresh increase above the USD 60,000 level. However, BTC failed to gain pace and started a fresh decline below USD 58,500, dropping 3% in a day. It is currently (04:32 UTC) trading below USD 57,500 and there could be more downsides in the short-term.Besides, most major altcoins are also moving lower. ETH is down 4% and there was a break below the USD 4,200…

Back to back all-time highs from AVAX, ENJ and EGLD suggest it’s ‘altseason’

Its been a rollercoaster week in the cryptocurrency market after volatility returned to shake up Bitcoin (BTC) price, pushing the digital asset to lows not seen since mid-October. As has happened frequently in the past, the drop in price of BTC was followed by a rotation into altcoins and the Altseason Indicator from Cointelegraph Markets Pro suggests that the current market conditions are similar to those seen in the past when altcoins outperformed Bitcoin.Altseason indicator. Source: Cointelegraph Markets ProHere’s a look at a few altcoins that have been making steady gains over the…

Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support

Bitcoin’s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the doldrums for a year or longer. While there appeared to be absolute carnage in the markets judging by peoples’ reaction to the BTC pullback, not all tokens were negatively impacted and gaming tokens focused on the emerging Metaverse have managed to stay in the green.Data from Cointelegraph Markets Pro and TradingView…

Polkadot, Bitcoin Cash, Avalanche Price Analysis: 19 November

As Bitcoin hit the $57,000-mark, it had a domino effect on the altcoins as most cryptos suppressed. Polkadot and Bitcoin Cash were no exceptions, as they saw their weekly lows on 18 November. Their near-term technicals, however, affirm the chances of an upturn. 
On the contrary, Avalanche defied the market tendencies by marking a 22.5% weekly ROI.
Polkadot (DOT)
Source: TradingView, DOT/USDT
Since late September, DOT price action undertook a steady rise as the price moved along the parallel channel (white). Accordingly, DOT witnessed a 104% rally over the next 35 days to poke its ATH at…

Moving against the tide, Curve and Crypto.com coin rally on, but how for how long

As Bitcoin oscillated just under the $60K zone and major altcoins seemed to be stuck in consolidation, the DeFi space and a number of other DeFi tokens have attracted the market’s gaze. Capital inflows seemed to be flowing into DeFi projects like Crypto.com and Curve DAO as BTC’s trajectory weakened. 
This wasn’t the first time, the market looked towards DeFi tokens for higher ROIs, as the top coin’s market looked shaky. In fact, some of the top DeFi tokens have had stronger rallies noting higher gains than BTC, in the past too.
For instance, from July end to August, Uniswap’s…

Bitcoin, Ethereum, and Altcoins Trying to Recover


Bitcoin price is struggling to recover above USD 58,000.Ethereum moved back above USD 4,100, XRP recovered towards USD 1.05.AR, LRC, and MANA are up over 6%.Bitcoin price extended decline below the USD 56,000 level. BTC tested USD 55,500 and is currently (11:54 UTC) consolidating losses near USD 57,000. To start a fresh increase, the price must clear the USD 58,500 resistance zone.Besides, most major altcoins are also recovering losses. ETH climbed above USD 4,100, but it is facing resistance near USD 4,250. XRP tested the main support at USD 1.00. ADA spiked towards USD 1.70 but corrected…

Bitcoin and Ethereum Plunge, MANA and SAND Rally


Bitcoin price is down 7% and is now well below USD 56,500.Ethereum traded below the USD 4,000 support, XRP is near USD 1.00.MANA and SAND outperformed with a 13%+ move.Bitcoin price failed to clear the USD 61,200 resistance. As a result, BTC started a fresh decline below the USD 60,000 and USD 58,500 support levels. It is currently (04:17 UTC) down 6.7% and is trading near USD 56,000.Similarly, most major altcoins are sliding. ETH is down 6.4% and traded below the USD 4,000 support. XRP is now near USD 1.00. ADA dropped 6%, moving below USD 1.80.Total market capitalizationSource:…