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Showing posts with the label altcoin

Decoding the Altcoin Market: Which Coin To Show 100X This July?

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Three altcoins that could make traders a fortune are potential gems in the crypto market. In July all eyes are on Angry Pepe Fork ( APORK ), Andy ETH (ANDY) and MoonBag (MBAG). While Andy ETH and MoonBag are making headlines due to their price performance, Angry Pepe Fork stands out thanks to its long-term growth potential. This Stage 1 presale sensation has already raised over $215,000 and is on pace to hit $1M before July 2024 ends. Some analysts even hint that it could replicate the success of Dogecoin and Pepe and become the next 100x altcoin in 2024. Let's see why. Angry Pepe Fork (APORK): The Altcoin Experts Are Taking Notice Of Angry Pepe Fork is the next big thing in the altcoin space, getting attention from top crypto influencers like Crypto Royal on YouTube. In his YouTube video, he states that Angry Pepe Fork is the next 100x altcoin that may explode soon. This expert believes in the potential of Angry Pepe Fork, which has a mission to conquer useless meme-ba...

Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

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Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers. Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27. However, lower levels are likely to attract buyers as the bulls will want to maintain the momentum going into the final month of the year. The bears are likely to have other plans as they will attempt to deepen the correction. That could boost volatility in the last few days of November as both the bulls and the bears try for a monthly closing in their favor. Daily cryptocurrency market performance. Source: Coin360 While near-term uncertainty remains, Rich Dad Poor Dad author Robert Kiyosaki reiterated his long-term bullish view on Bitcoin, gold and silver in a X (formerly Twit...

Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher

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Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term. Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and the bears about the next directional move. With Bitcoin maintaining near its 18-month high, BitMEX co-founder Arthur Hayes retained his bullish stance. In a X (formerly Twitter) post, Hayes said that the United States dollar liquidity was increasing, which is likely to push Bitcoin higher. Crypto market data daily view. Source: Coin360 Another bullish projection came from PlanB, creator of the stock-to-flow family of BTC price models, who said in a post on X that Bitcoin may not stay at the current levels for long. PlanB expects Bitcoin to maintain an average price of at least $100,...

3 reasons why Ethereum price is still pinned below $1,900

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PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal. Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments which include the launch of PayPal's Ethereum-based stablecoin, and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal's entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets. At the same time, the United States Securities and Exchange Commission (SEC) has recently witnessed a surge in applications for Ether exchange-traded funds (ETFs), which mirrors a trend of major asset management firms seeking to establish spo...

Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

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Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. A large part of the recent leg of Bitcoin’s (BTC) rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has a 50% possibility of getting approved, said Bloomberg senior ETF analyst Eric Balchunas.  Another bullish catalyst for the cryptocurrency markets could be a filing by asset manager Fidelity Investments to launch its Bitcoin spot ETF. CoinShares Chief Strategy Officer Meltem Demirors said that firms managing $27 trillion of assets are “actively” pursuing efforts to allow their clients exposure in the crypto space. Daily cryptocurrency market performance. Source: Coin360 Most of the focus in recent days has been on institutional money but the retail trader’s power should not be underestimated....

Bitcoin price avoids 3-month lows as crypto dive liquidates $390M

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Bitcoin and altcoins feel the pressure of the week's regulatory bombshells, with BTC price action steadying below the key 200-week moving average. Bitcoin (BTC) challenged three -month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Altcoin bloodbath as exchanges reshape landscape Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,483 on the day, down over $1,200 from the previous day’s high. While showing weakness, Bitcoin was spared the fate of major altcoins, which reacted strongly to delisting that accompanied U.S. legal action against major exchanges. Trading app Robinhood announced that it would remove support for several cryptocurrencies named in the lawsuit against Binance and Coinbase by the U.S. Securities and Exchange Commission (SEC). These subsequently hemorrhaged value, with both Cardano (ADA) and Solana (SOL) down nearly 25% in ...

Dogecoin soared 23,000% in 2021 — Is history starting to repeat for DOGE price?

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Dogecoin's 2021 and 2023 price rallies have largely been sparked by Elon Musk but the latter still has much more room to run if history repeats. The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year's bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set in May 2021.  Thus, the DOGE/USD pair remains far from establishing a decisive bullish reversal on longer timeframes. DOGE/USD three-day price chart. Source: TradingView Dogecoin's bullish reversal ahead? Dogecoin price soared over 23,000% in 2021 primarily due to Elon Musk's vocal support. Ironically, DOGE/USD topped after Musk called it a "hustle" during his Saturday Night Live appearance in May 2021. DOGE price entered a prolonged long bearish cycle, furthered by the...

Ethereum traders show uncertainty ahead of today’s Shapella hardfork: Report

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Ether’s market performance and derivatives metrics have lagged behind Bitcoin, possibly due to traders’ expectation of heavy sell pressure after the Shapella upgrade. The Ethereum network’s Shapella upgrade, scheduled for around 6:30 pm EST on April 12, has induced significant uncertainty among traders, according to a report by Kaiko.  The upgrade will enable staked-ETH withdrawals from the Beacon Chain for the first time since its launch in December 2020. According to previous estimates, the upgrade will add nearly 1.2 million to 3 million worth of ETH selling pressure in the first few weeks. This is one of the main reasons traders appear to be taking a cautious stance ahead of the upgrade. Kaiko’s report shows that ETH is lagging behind BTC in spot and Futures trading volumes, while options market data shows traders are actively adding short-term hedging positions. Ether displays muted trading data Ethereum market share in USD trading volume compared to Bitcoin declined to Marc...

Why is Litecoin price up today?

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Litecoin is the winner in daily crypto gains as whales appear to be behind the ongoing LTC price rally, on-chain data suggests. Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH).  Litecoin attracts Bitcoin and Ethereum investors LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC and ETH rising 1.79% and 1.42%, respectively. The Federal Reserve's 25 basis points (bps) rate hike on March 22 appears to be the key driver behind Litecoin beating its crypto rivals over the past 24 hours. Notably, LTC price rallied over 15% versus BTC and about 14.5% versus ETH since the Fed announcement. LTC/ETH and LTC/BTC daily price chart. Source: TradingView One reason could be that Litecoin has relatively underperformed the cryptocurrency market in March, dropping over 6.5% month-t...