Category Archives: Altcoin

Altcoin season in full effect as Ethereum, Tezos and Ripple shine – Stockhead

Ethereum has hit a fresh all-time high and altcoins including Ripple, Tezos and Decred are making major gains while Bitcoin trades in a fairly narrow range.

Ether reached an all-time peak of $US2,153.08 ($2,818) shortly after lunchtime and at 3.07pm AEDT was trading just under that at $US2,122.88.

No less than 14 other top 100 cryptocurrencies had broken through their all-time in the past 24 hours, according to Coingolive, including Nexo, Tezos, Decred, VeChain, Holo and THORChain.

Just 10 of the top 100 coins had declined in the last 24 hours, with the rest of the market firmly in the green and 23 coins racking up double-digit gains.

Stacks (STX) was the biggest gainer in the past 24 hours to 3.35pm, up 111 per cent to $US2.45, after the token became available for trading on South Korea-based crypto exchange Upbit.

The platform aims to replace centralised cloud service providers with decentralised apps and smart contracts, based on the Bitcoin network.

Ripples XRP token was up 26.2 per cent to US88c, and had traded as high as US93.99c, according to Coinmarketcap.

The token was back in 6th place on Coinmarketcap, overtaking Cardano (ADA), which had fallen to 7th. ADA was up 1.8 per cent to $US1.21.

Tezos was up 17.8 per cent to $US6.26.

Bitcoin meanwhile was trading at $US58,979 ($76,976), up 1.6 per cent in the past 24 hours.

The original cryptocurrency has traded between US$55,000 and US$60,000 for the past week and a half, losing dominance or share of the total cryptocurrency market.

Bitcoin dominance was at just 57.12 per cent on Tuesday, down from over 60 per cent on Thursday and from a peak of over 74 per cent on January 3.

Get the latest Stockhead news delivered free to your inbox.

It's free. Unsubscribe whenever you want.

You might be interested in

Follow this link:
Altcoin season in full effect as Ethereum, Tezos and Ripple shine - Stockhead

Here Are the Top 8 Crypto Assets Primed To Soar Higher, According to Altcoin Daily – The Daily Hodl

Altcoin Daily co-host Aaron Arnold, is revealing the channels list of top crypto assets that are primed to soar higher.

In a new video, Arnold starts his list off with the worlds leading cryptocurrency, positing that Bitcoin (BTC) is getting ready to ignite its next leg up in the bull run.

Arnold cites on-chain data analyst Willy Woo who recently tweeted that the $54,000 level is the strongest area of BTC price discovery by long-term investors since $11,000.

Typically, BTC forms a strong base of price discovery 2-3x above the (prior cycle) all-time high before launching into bull market highs.

Number seven on Arnolds list is Ethereum (ETH). According to the crypto influencer, ETHs recent run-up to all-time highs is a massively bullish signal for the rest of the altcoin market.

Ethereum is now above $2,000. Ethereum exchange reserves keep depleting. Ethereum [is] continuing to go higher this is very bullish for altcoins. If Bitcoin was the only thing moving up, then itd be hard to be bullish on altcoins, but with Ethereum moving up, [were] very bullish on altcoins.

The next coin on the analysts radar is Compound (COMP) which he calls one of the OG DeFi (decentralized finance) protocols.

Arnold points to COMPs bullish price action of late and the recent movement of $1.3 billion worth of ETH into Compound by a single crypto whale to justify putting COMP on his list.

Taking a look at Compounds price, [around] $500 To me, this looks like it is in a bull trend.

Coming in at number five is yearn.finance (YFI). Arnold references the yield aggregators recent release of a DAO payroll, and asserts that the price is moving up and to the right, ready to burst through all-time highs.

The fourth coin gearing up for the next leg of its bull run is Cardano (ADA), according to the trader.

Arnold notes that Cardano developers recently enabled the minting of non-fungible tokens (NFTs) on the smart contract platform. The news makes Cardano one to watch, as demand for the unique digital assets rises and high profile celebrities like Snoop Dogg and The Weeknd enter the space.

Next up is Ethereum competitor Polkadot (DOT). Arnold likes the fact that Coinbase Ventures, the investment arm of the US-based crypto exchange, is getting behind Acala. Acala is an Ethereum virtual machine compatible blockchain that is building a suite of DeFi applications on the Polkadot network.

Coinbase Ventures backing you? Thats bullish in my opinion.

Arnold also takes note of Kraken CEO Jesse Powells recent Polkadot shout-out on Bloomberg Markets and Finance.

Normally, you only hear these exchange CEOs go on TV and talk about Bitcoin or Ethereum, which is why I was pleasantly surprised to hear Jesse of Kraken endorse Polkadot.

Coming in at number two is Theta. The delivery network for video content has recently integrated with Anime streaming channel Cinedigm. The channel uses Thetas TFUEL cryptocurrency as a reward for sharing or watching content.

[It] might need to correct more, but Theta has a lot of venture capitalist (VC) money and big names backing it. Partnered with Samsung, they are one to watch.

The number one coin that Altcoin Daily believes is getting ready to explode is NFT platform Ethernity Chain (ERN), which has just recently partnered with Hong Kong-based crypto investment firm Kenetic Capital. Ethernity Chains focus is minting digital trading cards for athletes, artists, and influential brands.

Guys, NFTs, in general, are moving up and to the right. Now Ethernity specifically, very new, and its actually in a little bit of a dip. If I had to speculate, if I had to guess, near the end of the year Ethernity will be higher.

l

Read more from the original source:
Here Are the Top 8 Crypto Assets Primed To Soar Higher, According to Altcoin Daily - The Daily Hodl

Litecoin (LTC) Price Predictions: Where Will LTC Go After Altcoin Rally? – InvestorPlace

Less than 24 hours after an altcoin rally pushed the market valuation of the entire cryptocurrency market over the $2 trillion mark, a 15% jump this morning has investors rethinking their Litecoin (CCC:LTC-USD) price predictions.

The surge was led by Bitcoin (CCC:BTC), which has now held its own market cap above $1 trillion for a week. Analysts said as long as the biggest crypto holds above $53,000, it will be able to maintain that market capitalization, Reuters reported. Meanwhile, alternative cryptocurrencies including Ethereum (CCC:ETH-USD), Ripple (CCC-XRP-USD) and Cardano (CCC:ADA-USD) have clocked in with double-digit value appreciation in the last day.

Back when the crypto sector was in its infancy, Litecoin was the Bitcoin alternative. Just as it is today, theLTC token was a wild affair, often gyrating between valuation extremes. Of course, with the original No. 2 commanding a three-digit price tag, LTC isnt quite as wickedly unpredictable as when the coin could be had for pennies on the penny.

With cryptocurrencies appreciating to new levels, its worth visiting what some of the cognoscenti are writing about Litecoin price predictions.

Its worth noting that as the overall altcoin market gained, LTC got a boost today from asset manager CoinShares with its introduction of a new physically backed Litecoin (LTC) exchange-traded product (ETP) on the SIX Swiss Exchange.

Carrying a base fee of 1.5% per annum, each unit of the ETP will be backed with 0.20 LTC, according to anannouncement Tuesday. This is just the latest from CoinShares, following this years earlier intros of Bitcoin and Ethereum ETPs.

Meanwhile, Crypto Research Report Group is calling for Litecoin to reach $1,200 by 2025, and $2,250 by 2030, Prime XBT reported yesterday. The website also highlighted a Litecoin price prediction from Crypto Capital Venture founder Dan Gambardello who sees LTC consolidating at around $70 before [a] massive run to $1,000+ in the long term.

Coinpedia last week predicted the crypto is expected to hit as high as $800 at the end of 2022. Elsewhere, Capital.com took a look at LTCs technicals and offered that prices are nearing support levels composing its uptrend channel and could see technical rebounds along this line.

On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article.

InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, following fintech, agtech and property tech startups.

Read more:
Litecoin (LTC) Price Predictions: Where Will LTC Go After Altcoin Rally? - InvestorPlace

The Altcoin Supercycle of 2021 Has Arrived, Says Nicholas Merten Here Are the 5 Assets on His Radar – The Daily Hodl

DataDash founder Nicholas Merten is looking at five crypto assets that he believes are gearing up to erupt as he says the altcoin supercycle of 2021 is underway.

In a new video, Merten says that hes keeping a close watch on Ethereum after the second-largest crypto asset broke out of a large bullish pattern.

We could see here that Ethereum has broken past the line of resistance. We set in yet another higher low along with the other three higher lows we had back here since January (2021). We look like were set on a course to break above those all-time highs.

The crypto strategist is also looking at ETH/BTC which he highlights is still in the midst of a parabolic run. According to Mertens chart, ETH/BTC can potentially surge over 170% from its current value of 0.035 to 0.095.

Another coin on Mertens radar is layer-two scaling solution OMG Network (OMG), formerly OmiseGo. The trader highlights that OMG/BTC has likely bottomed out and it looks ready to take out a key resistance level and print massive gains.

After setting another higher low, [OMG/BTC] is waiting to get above 1,500 satoshis (0.000015) range. Once we break past there, which again was previous support and is now acting as resistance, if we break above there, really, it seems like the sky is the limit, especially how weve seen it perform in the past.

Next up is decentralized oracle platform Chainlink (LINK), which Merten says is poised to outperform Bitcoin once it edges above a key level.

Taking a look at Chainlink, setting a consistent range lows or support on top of previous resistance looking like its ready to start kicking upwards, outpacing Bitcoin and also breaking above this line of resistance (0.0006), really kicking off the next cycle for Chainlink.

The fourth coin on Mertens list is lending and borrowing protocol Aave. The crypto analyst believes the crypto asset has likely bottomed out after taking a nosedive against Bitcoin in a span of nearly two months.

We had a clean 60% pullback here where Aave, one of the large-cap DeFi (decentralized finance) protocols probably has some room now to start moving up.

The last coin is TRON (TRX/BTC). Merten identifies a key level that the pair must take out to generate massive bullish momentum.

Weve made support and this previous support which is now acting as resistance (0.0000015), if we pop above this I can see a lot of momentum coming back to this.

I

Featured Image: Shutterstock/Tithi Luadthong

Excerpt from:
The Altcoin Supercycle of 2021 Has Arrived, Says Nicholas Merten Here Are the 5 Assets on His Radar - The Daily Hodl

Crypto Influencer Names 7 Altcoins That Could Outperform in Current Bull Cycle – CryptoGlobe

In a recent video, one of the hosts of Altcoin Daily named seven altcoins that investors should have on their radar during this bull market. In this article, we highlights some of the comments made in this video.

Ethereum ($ETH)

Ethereum is now above $2,000. Ethereum exchange reserves keep depleting. Ethereum [is] continuing to go higher this is very bullish for altcoins. If Bitcoin was the only thing moving up, then itd be hard to be bullish on altcoins, but with Ethereum moving up, [were] very bullish on altcoins.

Compound (COMP)

Taking a look at Compounds price, [around] $500 To me, this looks like it is in a bull trend.

Yearn.Finance ($YFI)

The price is moving up to into the right, ready to burst through all-time highs.

Cardano ($ADA)

Cardano has a passionate driving community.

Polkadot ($DOT)

Coinbase Ventures backing you? Thats bullish in my opinion Coinbase Ventures isnt the only exchange that is backing Polkadot I was pleasantly surprised to see Jesse of Kraken endorsing Polkadot.

Tetha Network ($THETA)

[It] might need to correct more, but Theta has a lot of VC money and big names backing it. Partnered with Samsung, they are one to watch.

Ethernity Chain ($ERN)

Guys, NFTs, in general, are moving up and to the right. Now Ethernity specifically, very new, and its actually in a little bit of a dip. If I had to speculate, if I had to guess, near the end of the year Ethernity will be higher.

Featured Image Credit: Photo via Pixabay.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Link:
Crypto Influencer Names 7 Altcoins That Could Outperform in Current Bull Cycle - CryptoGlobe

Crypto Analyst Austin Arnold Says These Are the Six Best Altcoins to Buy on Coinbase – CryptoGlobe

In a recentvideo, crypto analystAustin Arnold, Co-Founder and host of the Altcoin Daily YouTube channel, named six altcoins on Coinbase that he believes have the potential for huge gains in 2021.

In this article, we highlight some of his comments regarding these cryptoassets.

Uniswap ($UNI)

Uniswap, the decentralized exchange (DEX), is going to become way more efficient, way cheaper as an automated market maker. In fact, they say, Itll be the most flexible and efficient automated market maker ever designed with the release of UNI v3.

Yearn.Finance ($YFI)

value locked by vault type is at an all-time high, even bigger than what we saw at the end of 2020. And while the value locked up is peaking, the price of the YFI token has not yet returned to all-time highs.

Decentraland ($MANA)

Decentraland is gearing up to be a major player out of the coins on Coinbase.

Universal Market Access ($UMA)

[UMA] is looking to disrupt the derivatives market in a decentralized way This is just automating and decentralizing something that the traditional market already has. Only now theres no gatekeeping.

Cardano ($ADA)

will developers choose to build on Cardano? Well, most people arent talking about this, but you will be able to write smart contracts on Cardano in a multitude of languages within 6 months Do you get it? Ethereum offers one coding language, Cardano offers them all.

Chainlink ($LINK)

While it has been dominating in the Ethereum ecosystem, its about to dominate in the Polkadot ecosystem as well.

Featured Image Credit: Photo via Pixabay.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

See original here:
Crypto Analyst Austin Arnold Says These Are the Six Best Altcoins to Buy on Coinbase - CryptoGlobe

12 Altcoins Have Massive Potential To Erupt in April, According to Crypto Trader Austin Arnold – The Daily Hodl

Cryptocurrency trader and influencer Austin Arnold is naming 12 altcoins that he believes are set to explode next month.

In a new video, Arnold kicks off the list with virtual real estate platforms Decentraland (MANA) and Sandbox (SAND). The crypto trader argues that the platforms will grow astronomically as the virtual real estate space sees mainstream adoption.

The world is trending more digital and Decentraland and the Sandbox are setting themselves up to be major players in this VR virtual real estate revolution.

Arnold names indexing protocol The Graph (GRT) as another altcoin that has potential in 2021.

If Ethereum or Cardano or Polkadot or any of these smart contracts DApp platforms are to be the decentralized supercomputer of the world, were going to need a way to query all that information. And that is exactly what The Graph is aiming to do.

Another altcoin that is set to surge according to the crypto trader is video streaming blockchain Theta (THETA), which recently postponed its mainnet launch to June to add more features.

The reason they are pushing this until June is the company stated that its development team is still working to incorporate some building blocks for a non-fungible token, or NFT marketplace for the Theta mainnet 3.0.

Decentralized exchange Uniswap (UNI) also holds potential according to Arnold, as it is introducing features that will make it way more attractive to liquidity providers.

The second-largest cryptocurrency Ethereum (ETH) also makes it onto Arnolds list as it gathers more investor interest.

Big money is going to continue to gobble up Ethereum because the barrier to entry just became so much easier.

According to Arnold, Cardanos (ADA) planned foray into Africa through public-private partnerships is good news for the price of the smart contract platform as it puts the fifth-largest crypto asset in a position to grow its ecosystem.

The crypto trader next names TrustSwap (SWAP), a project that calls itself the complete DeFi (decentralized finance) ecosystem, as yet another altcoin that is set to surge in April. Arnold argues that TrustSwaps expansion to other blockchains besides Ethereum and Binance Smart Chain (BSC) is its biggest selling point.

Very cool to see projects making progress and its not just BSC. Theyre going to Avalanche (AVAX), Algorand (ALGO) and more to be determined.

Decentralized exchange Polkastarter (POLS) and cross-chain NFT protocol SuperFarm (SUPER) are the other altcoins that Arnold says could skyrocket as the decentralized finance space balloons.

Arnold also names decentralized oracle network Chainlink (LINK) as an altcoin with a lot of upside as it recently attracted decentralized peer-to-peer file storage network Filecoin (FIL) to its ecosystem.

Chainlink has officially integrated with Filecoin to now allow Filecoin to connect to smart contract-enabled blockchains. So Filecoin, like any DeFi altcoin, needs to be able to interoperate, needs to connect to the outside world and they chose Chainlink to allow them to make this happen.

Interoperability and scaling framework Polygon (MATIC) rounds off the crypto traders list due to recent efforts to reduce gas costs for users.

They have recently partnered with Ocean Protocol for lower gas fees. So we are seeing the ecosystem that is Polygon continue to grow.

I

Featured Image: Shutterstock/Gecko Studio/Kerimtrn

Read the rest here:
12 Altcoins Have Massive Potential To Erupt in April, According to Crypto Trader Austin Arnold - The Daily Hodl

Here Are the Top Altcoins To Buy As New Month Arrives, According to Crypto Trader Lark Davis – The Daily Hodl

Crypto trader Lark Davis is pulling back the curtain on five altcoins that he believes are set to erupt in April.

In a new video, the popular influencer starts his list with Kusama (KSM), a sandbox for Polkadot (DOT) projects. At the time of writing, Kusama is trading at $493, but Davis says it will probably be worth a couple thousand dollars by the end of the boom cycle, partially because of the launch of Polkadots parachain.

The parachain auctions are going to be massive, one of the biggest events probably happening in crypto this year because its going to introduce a supply shock for Kusama since were going to see big percentages of the supply of KSM getting locked up in bonds for six to 24 month periods. Now you combine that in with staking Theres not really going to be a lot of Kusama available on exchanges for those wanting to get it either to do bonds or to do staking and of course when theres a scarcity of supply the price tends to go up as demand is rising.

The next coin that Davis says should be on your radar for April is Uniswap (UNI), the native token for the biggest decentralized crypto exchange. He believes that the anticipation of UNIs v3 update on May 5th could push the price up throughout the entire month.

This massive upgrade will likely serve as a good price catalyst during the coming month as people kind of buy the rumor and then of course sell the news after May 5th.

The analyst names capital efficiency tool Ramp as the third coin to watch for April. Ramp is a decentralized finance (DeFi) project with a suite of products that allows staked capital to generate yield by collateralizing them into a stablecoin.

Liquid staking has an addressable market worth billions. Literally, every major proof-of-stake chain including Ethereum (ETH) Polkadot, Avanlanche (AVAX) will be able to use RAMP. This will provide more options and more value to stakers on those chains and will also be useful for RAMP because its going the be at the epicenter of all of that value.

Ramp went from $0.01 in October of 2020 to $1.00 this month, and Davis has a target of $5 for this year.

Next up is the internet-scale blockchain Elrond (EGLD). According to the trader, the upcoming Elrond DeFi 2.0 module update will improve the crypto assets functionality for new stablecoin standards, non-fungible (NFT) token standards, swapping, lending, and other features.

The teams out there consistently putting in the hard work, consistently delivering on technology, consistently delivering on products and of course consistently delivering on partnerships and wow have they just continued to nail out useful and interesting partnerships.

The last altcoin to track is Cere Network (CERE), a decentralized data and finance cloud for enterprise solutions. Davis speculates that since Binance is an investor in the project, Cere Network could end up listing on the worlds biggest crypto exchange in the near future.

CERE will have a big focus on interoperability, linking in with other major chains so were going to be having support here for Polkdadot, Binance, Cosmos, Ethereum, the biggest players when it comes to DeFi, users and data. CERE will be seeking a Polkadot parachain as well.

i

Featured Image: Shutterstock/GrandeDuc

See the article here:
Here Are the Top Altcoins To Buy As New Month Arrives, According to Crypto Trader Lark Davis - The Daily Hodl

These 6 Altcoins Are Gearing Up To Ignite Massive Moves, According to Top Trader – The Daily Hodl

A closely-followed analyst and trader whose following continues to grow amid his solid altcoin calls is unveiling a list of six crypto assets that he believes are poised to explode in value.

In a new tweet, the trader known in the industry as Kaleo says hes long on utility token Binance Coin (BNB) as he believes that a breakout could potentially catapult the third-largest crypto asset to $800, representing gains of nearly 200% from its current price of $272.

BNB anddddd its breaking out. Now if we could just get a move similar to the last one.

Another coin on Kaleos radar is automated market maker PancakeSwap (CAKE) which is targeting its all-time high (ATH) of $21.41.

I like cake, so I bought CAKE CAKE almost back to the old ATH.

Next up is peer-to-peer file transfer token BitTorrent (BTT), a coin that the trader says can skyrocket over 230% from its current price of $0.003 in the short term.

BTT finally looks ready to rip Break through ATH accumulation and send it to a penny.

Coming in at number four is forgotten smart contract platform EOS.

EOS somehow doesnt look like complete sh*t. I grabbed a bag.

According to Kaleos chart, EOS may be gearing up for a big move up after carving a local bottom.

The fifth coin on the traders list is peer-to-peer data storage payments coin Siacoin (SC) as he bought a bag expecting the altcoin to print massive gains against Bitcoin (SC/BTC).

Just opened a long. Funny enough, the price is actually almost exactly what it was 4 years ago in March of 2017 before it erupted. This should be one of those buy a small bag and forget about it until it takes off plays, similar to what DOGE (Dogecoin) was last year.

The last coin is Dent (DENT/USD), an international exchange for mobile data based on the Ethereum blockchain. The trader notes it is only a matter of time before the crypto asset erupts.

I also picked up a bag of DENT I plan on holding. Still a 10x away from ATH, and same theory as SC/BTT, etc. Its low sat sh*tcoin season.

Featured Image: Shutterstock/Tithi Luadthong

Link:
These 6 Altcoins Are Gearing Up To Ignite Massive Moves, According to Top Trader - The Daily Hodl

Crypto Whale Says Hes Loading Up on 9 Altcoins, Predicts New Bitcoin All-Time High Imminent – The Daily Hodl

Bitcoin will hit a new all-time high in April, according to the popular pseudonymous trader and analyst Flood.

In a series of tweets, Flood reveals his bullish BTC prediction to his 115,000 followers along with his top altcoin holdings.

The analyst who has been accumulating both Bitcoin and Ethereum (ETH) since 2015 when the assets were worth roughly $250 and $1 each, says that he is heavily invested in BTC and six altcoins going into the second financial quarter of 2021.

Portfolio by weight going into Quarter close: BTC, FTT (FTX Token), Solana (SOL), Synthetic (SNX), Aave, Raydium (Ray) and ETH.

The trader adds that he also has decent-sized bags of Ethereum competitor Polkadot (DOT), decentralized exchange Serum (SRM) and automated market maker (AMM) Nerve Finance (NRV).

Of all his altcoin plays, Flood notes that he is particularly bullish on the native token for the FTX crypto derivatives trading platform, FTT and is doing his best to accumulate as much of the asset as possible.

The early crypto adopter feels confident about his bold Bitcoin call, expressing zero doubt that the flagship cryptocurrency will shortly surpass its all-time high of $61,711.

No reality where BTC doesnt make a new all-time high next month.

Currently, the number one cryptocurrency is hovering around the $56,000 range after taking a dive down near $51,000 earlier this week.

Featured Image: Shutterstock/Kseniya Ivashkevich

Read more from the original source:
Crypto Whale Says Hes Loading Up on 9 Altcoins, Predicts New Bitcoin All-Time High Imminent - The Daily Hodl