Category Archives: Altcoin

Will The New $2B USDT Injection Influence More Market Momentum? – TradingView

Key points:

Prominent USDT stablecoin issuer Tether has continued to mint staggering billion-dollar sums recently, sparking more bullish enthusiasm in the crypto space. On Saturday, Whale Alert disclosed that 1,000,000,000 USDT had been minted at Tether Treasury. Within three minutes of the update, Whale Alert proclaimed another $1 billion USDT minting from Tether.

Cumulatively, $2 billion has been injected into the crypto market within 24 hours. The development has sparked significant interest from community members, as both tweets have been viewed more than one million times.

As the comment section demonstrates, the prevailing sentiment is bullish. Market participants anticipate more significant gains for Bitcoin and the broader crypto market amid the $2 billion injection.

Meanwhile, Tether CEO Paolo Ardoino took the opportunity to offer clarification, aiming to counteract any misinformation regarding the $2 billion USDT minting. He clarified that the transaction was authorized but not yet issued. Emphatically, this amount would serve as inventory for future issuance requests and chain swaps.

Furthermore, X user Exponential Research pointed out that it has only been one day since the last billion and five days since the one before. The commenter views it as extremely bullish for the crypto market.

In particular, the argument posited that Tether printing $2 billion implies an additional $2 billion in demand for spot buying of crypto or as collateral for purchasing crypto on leverage. They believe that the upward trajectory of crypto will persist until significant flows cease.

In another discussion, renowned analyst Michal van de Poppe pointed out that the altcoin market capitalization must increase by 70% to reach the previous cycles peak.

The #Altcoin market capitalization still needs to gain 70% to get towards the high of the previous cycle.

The Altcoins are lagging behind, so the obvious play would be that we're seeing a short-term correction and, from there, altcoins to surge. pic.twitter.com/DsE9INeBD0

The analyst shared the sentiment amid Bitcoin breaking an all-time high (ATH) above $70k. As a result, he observes altcoins are trailing behind Bitcoin. Meanwhile, the analyst suggested that the apparent trend indicates a short-term correction in the market, after which altcoins are expected to surge to an ATH.

Read the rest here:
Will The New $2B USDT Injection Influence More Market Momentum? - TradingView

Altseason is coming Or at least data suggests that it’s close – Cointelegraph

Bitcoin (BTC) price witnessed a sharp correction shortly after hitting a new all-time high at $69,324 on March 5.

Meanwhile, altcoins, led by memecoins and AI-themed cryptocurrencies, have outperformed BTC over the last week, initiating a debate on whether the altcoin season (altseason) is here.

Bitcoins brief escapade above $69,000 on March 5 saw the global crypto market value cross the $2.5 trillion mark, reflecting the current bullish momentum. At the time of publishing, this figure stands at $2.52 trillion, according to data from CoinMarketCap.

Altcoins displayed similar strength, with their total market capitalization (see chart below) rising above $1.1 trillion on the same day. This metric measures the total market value of all crypto assets except Bitcoin.

Over the last three months, this value has rallied approximately 64% from $697 billion to $1.14 trillion on March 7. This is a slightly better performance than the 56% posted by Bitcoin over the same period.

This ascent attests to growing investor interest in altcoins and the amazing performance recently displayed by this class of crypto assets.

The tremendous rally displayed by memecoins and AI over the last week could be a sign that the market is at the start of the altseason.

Data from CoinMarketCap shows memecoins posting double and triple-digit gains within the last seven days.

In particular, Dogecoin (DOGE) and Shiba Inu (SHIB) posted 20% and 130% gains this week, respectively. Newer tokens such as Pepe (PEPE), Bonk (BONK) and Dogwifhat (WIF) saw double to triple-digit gains during the same period.

Other notable performances came from tokens within the AI ecosystem led by Fetch.ai (FET), Synesis One (SNS), SingularityNET (AGIX) and Theta Network (THETA), which also produced double to triple-digit gains in 7 days.

Bitcoin has only risen 8.5% over the same period.

The performance of the altcoins seemingly coincides with an improvement in the altcoin season index, indicating that the altcoin season is close. According to this index by Blockchain Center:

This indicator essentially demonstrates that only 69% of the leading 50 altcoins have outperformed Bitcoin in the past 90 days. Although this index has increased over the last few days, it is still insufficient to declare an altcoin season.

However, according to a recent market report by K33 Research, this could change soon. The report noted that Bitcoins rally toward its new all-time high saw its market cap double relative to the value of all cryptocurrencies except BTC and Ether (ETH) since the bottom of November 2022.

Related: Bitcoin accumulation phase ends as ETFs fuel new $100K BTC price target

The K33 Research analysts said the setup mirrors the 2020 altcoin bull run just before they caught up with Bitcoins uptrend.

Independent analyst CrediBULL dives into the connection between Bitcoins performance at the start of the altseason. In a March 4 post in X, CrediBULL outlines two possible scenarios:

A mega breakout when Bitcoin breaks its prior ATH and quickly doubles in a matter of weeks, and alts don't get much love until BTC pauses after this breakout leg, and a consolidation scenario where Bitcoin revisits its prior ATH but faces rejection or consolidates at the highs for a few weeks. In the latter case, altcoins start rallying almost immediately after BTC tags prior to ATH.

CrediBull sais:

However, founder and CEO of MN Trading Consultancy Michal van de Poppe believes that the altcoin season is yet to kick in, pointing out that they still have 40-60% market capitalization before it reaches the 2021 highs above $1.1 trillion.

On his part, Cardano founder Charles Hoskinson believes that the altcoin season will start once DOGE overtakes ADA in market capitalization. In a March 5 post on X social media platform, Hoskinson said:

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Read more from the original source:
Altseason is coming Or at least data suggests that it's close - Cointelegraph

Bitcoin halving approaching; AI altcoin raises over $10m in presale – crypto.news

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

After Bitcoin halving, miner rewards will drop by 50%. The event occurs every four years and it aims to rein in internal inflation. As Bitcoin becomes scarcer, and assuming sustained demand, prices trend to go up.

So far, Bitcoin is soaring as the demand for spot ETFs explode. Prices recently shot above $68,000. Amid this, new altcoins like InQubeta (QUBE), an AI-focused project, is also benefiting.

InQubeta links upcoming AI startups across the globe with startups.

These startups have leveraged InQubeta for business growth.

The InQubeta platform has so far raised over $10.9 million.

QUBE, the native token of InQubeta, can be staked for rewards.

Staking invites token holders to willingly let their tokens be locked in liquidity pools. These tokens are used for securing the network and aiding the blockchains development.

InQubeta has built a vibrant community of stakeholders with a decentralized governance structure. The community of token holders gives its journey an optimal trajectory. The token holders discuss and vote for proposals seeking changes in the protocol.

They use their voting privileges to express their preferences about a suggested change. Depending on the outcome of such processes, they decide if a proposal should be implemented.

QUBE is also deflationary, helping stave off unfavorable economic forces by lowering the supply.

In the future, this may support prices.

Bitcoin is a peer-to-peer cryptocurrency that can support high-volume transactions securely and without compromising speed.

The transactions made with its native token BTC are confirmed with the proof-of-work protocol.

Bitcoin is currently trading at $65,000 a price level last seen in November 2021.

The token was buoyed by the excitement around BTC ETFs and its halving event in April. Spot ETFs were rolled out in the U.S. in January and their debut has been a watershed movement for the crypto industry.

These financial products have further bridged the gap between mainstream finance and digital assets. Plus, they have ensured regulated exposure to cryptocurrencies without requiring people to own the assets.

Their popularity could be gauged from the fact that leading financial institutions like Wells Fargo and Merrill Lynch are now offering BTC ETFs to their wealth management clients.

Starting 2024 on a positive note, Bitcoin and InQubeta have demonstrated their potential with their sustained growth. Analysts expect the two coins to build upon these gains in the coming months.

Experts are optimistic about the popularity of spot BTC ETFs and the upcoming halving event to consolidate Bitcoins position. For InQubeta, they believe that its presale gains will speed up its journey and even help it gain an edge over new altcoins.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Continue reading here:
Bitcoin halving approaching; AI altcoin raises over $10m in presale - crypto.news

Crypto degens say ‘meh’ to Bitcoin’s climb as altcoins record triple-digit gains – KITCO

While the financial world is focused on the price of Bitcoin (BTC) and flows into the recently launched spot BTC exchange-traded funds (ETFs) which continue to set new records on a near daily basis crypto degens have been raking in unprecedented gains as the arrival of institutional attention has supercharged the altcoin market.

Every bull market cycle sees certain sectors of the crypto market outperform others, and this time around, meme coins and artificial intelligence (AI) projects have been leading the charge.

Since the start of February, Bitcoin has increased by more than 54%, an impressive monthly increase for any asset, but it pales in comparison to what meme coins like Dogecoin (+99%), BONK (198%), Shiba Inu (280%), PEPE (710%), and WIF (797%) have done.

It's a similar story, albeit to a lesser degree, with Bitcoins comparison to some of the top AI projects. Render (RNDR) has climbed 101% since Feb. 1, while Ocean Protocol (OCEAN) has gained 168%, SingularityNET (AGIX) is up 283%, and Fetch.AI (FET) has climbed 315%.

While it is normal for the crypto market to see sectors have major run-ups, they often occur during periods of sideways trading for Bitcoin following a significant increase a development that is often referred to as altseason.

But during this cycle, the rallies in various sectors are occurring at the same time as Bitcoins price is surging, which is a notable deviation from the historical trend and signals that this bull cycle will be unique and could blow away all expectations.

The fact that Bitcoin hit a new ATH more than 45 days before its next halving only adds to this outlook, as the feat has never been achieved before, meaning this cycle is already a notable outlier.

In the world of cryptocurrencies, Bitcoin's recent peak at $69,000 has not only set a new benchmark for digital wealth but also ignited a debate about the future of digital currencies, said Mikkel Morch, founder of the digital asset investment fund ARK36, in a note shared with Kitco Crypto. This milestone reflects a growing confidence in Bitcoin as a resilient asset, fueling speculation about its potential for a sudden downturn, a common narrative in the volatile crypto market.

Yet, the real story extends beyond Bitcoin and Ethereum's stellar performance, he said. The positive momentum of these giants is casting a light on altcoins, suggesting a potential ripple effect throughout the cryptocurrency ecosystem.

This dynamic hints at a broader trend: as Bitcoin and Ethereum continue to capture investor interest, altcoins stand on the brink of capitalizing on this surge, potentially experiencing their own moments of glory as seen most recently with both the dog coins, other meme coins and with the AI/DEFI coins that have seen massive gains the last 1 month and even longer, Morch said.

However, this optimistic outlook for altcoins comes with a cautionary note, he warned. The crypto market is renowned for its unpredictability, making it imperative for investors to navigate these waters with a blend of enthusiasm and prudence. Each altcoin carries its own set of risks and opportunities, underscoring the importance of thorough research and strategic investment.

In essence, Bitcoin's landmark achievement is more than a testament to its own success; it's a beacon for the entire cryptocurrency market, hinting at a future where a number of altcoins will likely share the spotlight, he said. As the narrative unfolds, the key to capitalizing on these developments lies in informed, strategic decision-making, acknowledging the interconnected nature of these digital assets while preparing for the uncertainties that lie ahead.

This moment isn't just about celebrating Bitcoin's success it's about recognizing the potential for a broader market evolution, with altcoins poised to define their own paths in the shadow of giants, Morch concluded.

Crypto trader TheFlowHorse also sees altcoins blazing their own trail in the current market and thinks they could generate their own hype and price-building loop as traders rotate in and out of gainers.

And market analyst Elja noted that the Bitcoin dominance chart is at a major resistance level that has historically been followed by an altseason breakout.

Disclaimer:The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Original post:
Crypto degens say 'meh' to Bitcoin's climb as altcoins record triple-digit gains - KITCO

Bitgert: The Altcoin That Could Make You a Fortune This Week – Here’s How to Get In! – Cryptonews

Bitgert coins massive pump on the way. Are you ready to jump in?

BRISE has been trending everywhere and the community has been bullish on this project since their inception in 2021.

Bitgert (BRISE) is an affordable and highly-scalable Crypto platform for various Web3 projects like metaverse, NFTs, Decentralised Finance (DeFi), etc. They were one of the projects building throughout the bear market.

The fact that it has its own centralised exchange is a strong indicator of its commitment to providing a robust and comprehensive ecosystem for its users, potentially fostering greater adoption and liquidity.

Bitgert coin has seen an impressive increase of 18.82% in the last 7 days. And a 71.64% increase in the last month. It has managed to give its early backers impressive returns.

There have been a lot of consistent developments worth noticing which are responsible for the pump in price.

Coin98 wallet has incorporated Bitgert blockchain. Coin98 is a full-fledged financial platform.

Bitgert has also gone multichain with XP.NETWORK NFT Bridge!

This means that users can now easily move their NFTs across different chains, such as Ethereum, BSC, Solana, Polygon, and 25+ more, to Bitgert without losing their metadata, logic, or collection name. They can also access a wider market and audience for their NFTs, as well as enjoy lower fees and faster transactions.

It is all set to be listed on a major European exchange.

Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Bitgert.

Bitget Convert offers a secure, swift, and zero transaction fee method to convert crypto to Bitgert. Just choose your available crypto assets, specify the amount for the Bitgert swap, confirm, and check Bitgert instantly credited to your spot account. Ensure sufficient account balance before proceeding with the conversion.

Unlike buying or selling crypto, swapping does not access traditional financial rails since fiat currencies are not involved. Bitget Swap supports over 250,000 cryptocurrencies on 30 major blockchains including Ethereum, Polygon, and Solana. You can exchange any other crypto to Bitgert anytime, anywhere, including cross-chain transactions. Transaction gas fees are automatically converted.

Investing in Bitgert has never been easier.

About the project Bitgert is a DeFi-focused blockchain launched in 2021. The BRISE Chain relies on a system of proof-of-authority (PoA) to support short block times and low fees. The blockchain also boasts zero gas fee and being the fastest growing ecosystem in the industry.

To know more about Bitgert, Visit https://bitgert.com Buy Bitgert coin from the below exchanges now!

Buy on Kucoin BRISE/USDT

Buy on Gate.io BRISE/USDT

Buy on MEXC BRISE/USDT

Buy on Pancakeswap

Buy on Uniswap

Disclaimer: The text above is an advertorial article that is not part ofCryptonews.comeditorial content.

The rest is here:
Bitgert: The Altcoin That Could Make You a Fortune This Week - Here's How to Get In! - Cryptonews

JPMorgan credits Ethereum for Crypto boost; Whales favoring this new AI Altcoin over Solana – Cyprus Mail

Please read this Cookie Policy carefully as it contains important information on who we are and how we use cookies on our website. This policy should be read together with our Privacy Policy which sets out how and why we collect, store, use and share personal information generally, as well as your rights in relation to your personal information and details of how to contact us and/or the supervisory authorities in case you have any complaint.

This Cookie Policy applies to the access and use of the Cyprus Mail Website hosted at https://cyprus-mail.com/ (hereinafter referred to as the Website), which is operated by NEO CYMED PUBLISHING LIMITED (hereinafter the Company, we or us).

Our Company strives to protect personal data and apply high standards of conduct when it comes to privacy issues. We ensure that we provide our employees and staff with the appropriate training to handle personal data promptly and in accordance with the laws. Furthermore, we endeavour to ensure that any parties with whom we co-operate apply the same high standards when it comes to data protection and privacy as we do.

Cookies

A cookie is a small text file which is placed onto your device (e.g. computer, smartphone or other electronic device) when you use our Website. We use cookies on our Website. These help us improve your experience and at the same time help us to support our security features i.e. detect for malicious visitors, recognize you and your device and store some information about your preferences or past actions.

For example, we may monitor . This information helps us to identify trusted web traffic, generate statistical and analytical data on how our visitors use our Website, our reach and click on links. We also uses cookies to personalize your online experience. Some of this data will be aggregated or statistical, which means that we will not be able to identify you individually.

For further information on our use of cookies, including a detailed list of your information which we and others may collect through cookies, please see below.

For further information on cookies generally, including how to control and manage them, visit the guidance on cookies published by the Office of the Commissioner of Personal Data Protection in Cyprus, or http://www.allaboutcookies.org/.

Consent to use cookies and changing settings

We will ask for your permission (Consent) to place cookies or other similar technologies on your device, except where they are essential for us to provide you with a service that you have requested (enabling basic functions like page navigation and access to secure areas of the Website) and ensure the security of our website and users.

You may withdraw any consent provided regarding the use of cookies or manage any other cookie preferences by clicking on the Cookie Settings icon at the bottom end of any page on our Website. You can then adjust the sliders regarding the cookies as per your preferences. It may be necessary to refresh the page for the updated settings to take effect.

For more information on how you can change your preferences via browser settings please see How to turn off all cookies and consequences of doing so below. It may be necessary to refresh the page for the updated settings to take effect.

Our use of cookies

Categories of Cookies:

The table below provides more information about the cookies we use and why:

Read https://policies.google.com/technologies/partner-sites

Read https://policies.google.com/technologies/partner-sites

Read https://policies.google.com/technologies/partner-sites

Read https://policies.google.com/technologies/partner-sites

Third party access to the cookies

The cookies we use will only be accessed by us and those third parties named in the table above for the purposes referred to in this Cookie Policy. Those cookies will not be accessed by any other third party.

How to turn off all cookies and consequences of doing so

If you do not want to accept any cookies, you may be able to change your browser settings so that cookies (including those which are essential to the services requested) are not accepted. If you do this, please be aware that you may lose some of the functionality of our Website.

How to contact us

Please contact us if you have any questions about this Cookie Policy or the information we hold about you.

If you wish to contact us, please send an email to [emailprotected], write to us at 195, Arch. Makariou III, Neocleous House, 1st-5th floor, 3030, Limassol, Cyprus, or call us at ++357 22818585.

Changes to this policy

This policy was last updated on 4/7/2023.

We may change this policy from time to time, when we do so we will inform you via notification on our Website.

Read the rest here:
JPMorgan credits Ethereum for Crypto boost; Whales favoring this new AI Altcoin over Solana - Cyprus Mail

Altcoin season is still getting traction: Bitfinex report – Crypto Briefing

Share this article

The value of all crypto assets excluding Bitcoin (BTC) and Ethereum (ETH) has experienced a significant 50% increase since Jan. 22, signaling a robust altcoin season, the Bitfinex Alpha 94 report shows. The indexs market capitalization now stands at approximately $640 billion, a substantial rise from its bear market peak of around $450 billion. Despite concerns about an overheated market, the altcoin sector has not yet surpassed the highs of April 2022.

BTC has approached its all-time high, falling short by only 2.2% at the time of writing, while the altcoin market remains over 75% below its record level of $1.3 trillion. The altcoin market is characterized by its rotational nature, with capital flowing between different sectors. Currently, meme coins, particularly dog coins, and AI-related projects are witnessing increased accumulation and futures speculation.

On exchanges like Binance and Bybit, over one-third of last weeks futures volume was attributed to dog coins, including DOGE, WIF, PEPE, and BONK. The latter two, which are not widely available for spot trading on centralized exchanges, have seen the most trading activity. The term Memecoin March Madness has been coined to describe the frenzy around these assets. The CoinGecko Meme Index itself has soared by 131% in the past week, now accounting for more than 7% of the total crypto market cap, excluding BTC and Ether.

Stablecoin supply, an indicator of the crypto markets demand, has been on a steady incline since the years start. This growth in stablecoin supply is a reflection of the increasing demand for altcoins and other crypto assets. While sectors like decentralized finance (DeFi) and gaming have seen a dip in volume, dog coins and meme coins continue to climb, along with the futures open interest for cryptos that are not listed on major exchanges.

Despite the potential for a leverage flush in these sectors, the momentum is expected to persist. DOGE, for instance, has seen a gain of 107% over the last 30 days, only recently surpassing its bear market high. This is modest compared to the 195% gain for SHIB, 225% for BONK, and a staggering 548% for WIF.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by HAL, our proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Link:
Altcoin season is still getting traction: Bitfinex report - Crypto Briefing

Floki Inu and Dogecoin flying, anticipation high for this AI altcoin presale – crypto.news

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Meme coins are trending higher. Floki Inu (FLOKI) is topping charts, driven by news of the $10 million boost. Analysts and investors now say FLOKI may follow in the path of Dogecoin (DOGE).

On the other hand, the InQubeta (QUBE) presale continues to gain traction. The project plans to merge the potent crypto and AI industries.

InQubeta is trending ahead of its launch.

The project offers a crowdfunding model that supports the growth of AI tech startups.

Opportunities presented by vetted AI startups are minted as NFTs.

In the ongoing presale, QUBE is available for $0.0245 in stage eight, raising $10.7 million. Of the 975 million tokens set aside for the public presale, 848 million have already been sold.

Only about 10% is left to complete this stage, after which the tokens would be sold at $0.028, a 300% increase from the initial price of $0.007.

QUBE will launch at a proposed price of $0.0308.

Token holders enjoy governance rights. As such, they can participate in decision-making.

Additionally, a token burn feature will gradually reduce token supply.

Moreover, stakers receiving rewards from a dedicated pool funded by a buy-and-sell tax. Notably, the same NFTs can be traded in the internal NFT marketplace.

DFW Labs has renewed its commitment to improving Floki Inu ecosystem, pledging $10 million. This amount is double the $5 million investment Floki received in May 2023.

According to the company, the investment will be moved from the FLOKI Treasury, spanning two years.

This strategic move is set to boost the dominance of the Floki Inu project.

Following this news, FLOKI is up 40%, outperforming DOGE and Shiba Inu (SHIB).

Following a sluggish performance over the past months, Dogecoin has finally picked up, crossing the $0.12 mark.

DOGE, which fell off its position in the top ten cryptocurrencies by market capitalization, has reclaimed its place, trading at its highest level since November 2023.

Additionally, on DOGE perpetual exchanges, the coins open interest stands at over $1 billion.

The coin is up by over 30%, surpassing a market cap of $18 million.

FLOKI and Dogecoin are trending higher, riding the current Bitcoin and crypto uptrend. Amid this, InQubeta is also in focus, adding 340% in the ongoing presale.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

More here:
Floki Inu and Dogecoin flying, anticipation high for this AI altcoin presale - crypto.news

Analysts predict Altcoin rally, Investors are accumulating Bitcoin Cash (BCH), Cosmos (ATOM) and Pullix ( – The Times of India

Type Status Report

Message Invalid URI

Description The server cannot or will not process the request due to something that is perceived to be a client error (e.g., malformed request syntax, invalid request message framing, or deceptive request routing).

Go here to see the original:
Analysts predict Altcoin rally, Investors are accumulating Bitcoin Cash (BCH), Cosmos (ATOM) and Pullix ( - The Times of India

Pixels (PIXEL) Surges by 48% Today: What’s the reason? – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

In this article, we delve into the crypto markets latest sensation Pixels (PIXEL), which has witnessed a remarkable surge of 48% today. As the altcoin market shows double-digit gains, investors are beginning to see the light at the end of the tunnel following a lengthy bear season. The spotlight, in particular, shines on gaming-focused cryptocurrencies like Pixels. But whats driving this significant uptick? Lets explore.

Today, the crypto landscape was painted green as numerous altcoins posted impressive gains, providing a respite for investors who have weathered a tough season. Among these, the gaming-focused cryptocurrency Pixels (PIXEL) stood out, marking a 48% increase. At the time of writing, PIXEL trades at $0.8918, sparking conversations and speculations around its potential to hit the $1 mark within the week.

Several factors contribute to the recent success of Pixels. Firstly, the overall crypto market is buzzing with excitement as Bitcoin shattered expectations by hitting a new all-time high of $70,000. This breakthrough has shifted the market dynamics, with investors looking beyond Bitcoin to altcoins, seeking value and potential high returns.

Secondly, the shift in focus from Bitcoin to altcoins, particularly after Bitcoins surge plateaued, has spotlighted lesser-known cryptocurrencies like PIXEL, which has only been listed on Binance for 20 days. This newfound attention has skyrocketed its trading volume to $468 million in the last 24 hours.

The cryptocurrency market is known for its volatility and rapid shifts in investor interest. Today, the spotlight turns to gaming-focused cryptocurrencies, a sector within the crypto space that has seen growing enthusiasm. PIXEL, a newcomer to the scene, has quickly gained traction, amassing a significant community and social media following. This surge in interest and investment has propelled its price upwards, marking an exciting phase for the altcoin.

As the crypto market continues to evolve, the rise of gaming-focused cryptocurrencies like Pixels (PIXEL) highlights the diverse opportunities within the space. With Bitcoin setting new records and the markets appetite for new and promising altcoins growing, the landscape is ripe for dramatic shifts. While PIXELs current trajectory is impressive, the coming days will be crucial in determining whether it can sustain this growth and achieve new heights.

Go here to read the rest:
Pixels (PIXEL) Surges by 48% Today: What's the reason? - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News