Category Archives: Altcoin
Crypto Trader Ben Armstrong Is Buying $100,000 Worth of This Red-Hot Altcoin – The Daily Hodl
Widely-followed crypto trader and analyst Ben Armstrong says hes heavily accumulating one large-cap altcoin as it continues to show signs of strength.
In a new video, Armstrong tells his 795,000 YouTube subscribers that hes buying at least $100,000 worth of Binance Coin (BNB).
I will tell you that I have been buying the **** out of some Binance Coin lately. Its the one major coin outside of XRP that I wasnt holding. I have changed that I think we now have six figures in Binance Coin.
In addition to Binance Coin, Armstrong reveals that hes building positions in four other crypto assets.
Polkadot (DOT) is another one were going to be adding some more, too. I bought some Solana (SOL) last night. I bought some Elrond (EGLD) last night. Harmony (ONE) is next on my list to buy.
The trader is also keeping a close watch on Ethereum, which he says is gearing up for a massive breakout as it continues to flash signs of bullishness.
Ethereum right now is looking very strong and even when Bitcoin drops. This is when you know Ethereum is gearing up for big moves. Bitcoin has dropped and Ethereum has not really been flinching. Its been staying above $2,100 Its looking like the network effects of Ethereum are bearing out.
At time of writing, Ethereum is trading at $2,393, up over 10.71% in the last 24 hours, according to CoinMarketCap.
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Crypto Trader Ben Armstrong Is Buying $100,000 Worth of This Red-Hot Altcoin - The Daily Hodl
Top Trader Scott Melker Analyzes Ethereum, XRP and Litecoin, Predicts Massive Altcoin Breakout Against Bitcoin – The Daily Hodl
Crypto strategist Scott Melker is detailing his current outlook on Bitcoin, Ethereum, Litecoin and XRP.
Melker says BTCs dip to around $62,000 after Coinbase hit the stock market on Wednesday is no surprise.
Thats a really, really classic textbook trade, something like that. Now, as you know, when youre trading these, you dont put it exactly on the line, you spread orders above, below, right at the line, so that you catch it. You might not fill a full position, but you also dont want to get front-run by whales.
If for some reason Bitcoin breaks below that $62,000 level, Melker says hed be looking for a trade right around the $60,000 area as a retest.Melker remainsbullish on BTC, although hes anticipating outsized returns in the altcoin market.
Bitcoin is the most important asset ever created. If I had to choose one thing to hold, it would be BTC. That said, if you are a TRADER (not investor), the disproportionate upside from this point is likely in altcoins. They are far more likely to make you insanely wealthy.
As a primary example, Melker says Ethereum is quietly breaking out against BTC and showing no signs of stopping. He was hoping to execute a trade in the $2,200 area, but so far the second-largest cryptocurrency hasnt looked back.
The trader is predicting Litecoin (LTC) will hit $347 in the short term. LTC is trading at $273.75 at time of writing, according to CoinGecko.
Melker is also bullish on XRP, noting that the U.S. Securities and Exchange Commissions (SEC) lawsuit against Ripple now appears to be boosting the assets price.
Its amazing what happens when the company is not selling and those coins are removed from the supply. You have tons of demand, FOMO (fear of missing out), and no huge players selling into it. So I believe thats why were seeing this continued strength and it could continue to keep going if the FOMO remains
To me right now, any dip on XRP is probably for buying.
XRP is trading at $1.77 at time of writing, nearly a 92% increase over the past seven days, according to CoinGecko.
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Top Trader Scott Melker Analyzes Ethereum, XRP and Litecoin, Predicts Massive Altcoin Breakout Against Bitcoin - The Daily Hodl
Balancer (BAL) Price Predictions: Where Will the Balancer Crypto Go After Altcoin Frenzy? – InvestorPlace
Currently, the sentiment in the crypto space is incredibly bullish. Todays IPO of Coinbase (NADSAQ:COIN) has lifted investor expectations to new highs. Accordingly, DeFi tokens like Balancer (CCC:BAL-USD) have been a hot commodity. Balancer (BAL) price predictions have increasingly become bullish, which is expected, given the rapid rise BAL has seen of late.
Today, the Balancer crypto is up more than 15% at the time of writing. These returns are nowhere near what investors in COIN stock are seeing today from the reference price. However, any double-digit day is a good one for investors.
It appears momentum is beginning to build around the Balancer crypto as a top DeFi play. Balancer is increasingly being viewed as a decentralized exchange, or automated market maker, by investors. Given the interest in Coinbase of late, investors are hoping to see some sort of similar returns with other DeFi platforms and tokens over time.
The range of predictions on where Balancer crypto could be headed varies. However, investors will note, the predictions are quite bullish. Accordingly, lets jump into what the experts think about this crypto option today.
As a reference point for the below predictions, Balancer token (BAL) currently trades at $63.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The EOS Cryptocurrency Is the Top Altcoin to Watch Now – Money Morning
EOS, the cryptocurrency behind EOS.IO, could be one of the hottest cryptocurrencies of 2021.
By now, most investors are intimately familiar with Bitcoin. You likely know quite a bit about Ethereum. Even other altcoins like Cardano are catching on.
EOS could be next.
If you're interested in making money from cryptocurrencies, this altcoin absolutely needs to be on your radar.
Here's why
At its heart, EOS is solving problems found on other cryptocurrencies' blockchains.
One of the big problems cryptocurrencies face is that some networks process transactions very slowly. Think about how important that is for people to adopt and use a coin. Even an extra minute in processing a transaction could turn people away from using the coin.
Even the vaunted Bitcoin takes an average of 10 to 20 minutes to process a transaction, according to CryptoVantage. It can even take up to an hour.
That's one of the big reasons Bitcoin has turned into a store of value type of investment instead of a potential rival to the dollar. And it leaves a huge void in the cryptocurrency space for a coin that can rival traditional forms of payment in speed and reliability.
Widespread adoption of cryptocurrencies to solve everyday problems from spending money to exchanging money overseas to smart contracts is the fuel powering cryptocurrency prices higher and higher. A roadblock to adoption by the public is a roadblock to profits.
EOS is trying to fix this.
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In fact, its network aims to run millions of transactions per second.
That means it satisfies two of Money Morning top cryptocurrency expert Tom Gentile's main criteria for a profitable cryptocurrency to buy: It offers users value, and it's useful.
As Tom puts it, "I'd say a fast, free blockchain with the ability to eventually process millions of transactions every second of every day qualifies as valuable and useful."
Currently, the EOS price is trading right inside its 52-week average between $2 and just over $7 a coin, sitting right around $6.50.
Tom's not just a cryptocurrency expert, he's an expert trader. He's not just looking for cryptocurrencies with adoption potential he's also looking at their price trends to make sure there's upside potential and it's the right time to buy. For Tom, EOS trading inside its 52-week average is key for investors watching the coin.
"I wouldn't be surprised if big things happen," Tom says.
A surge of interest from institutional investors is setting the stage for a rally in a slew of small digital coins.
But understand this: These under-the-radar players are much more affordable than Bitcoin.
Some are so hot, even a small stake could transform into a humble fortune in 2021.
One is trading for just $5 and could deliver a 328% profit in just a few years.
Our resident Silicon Valley insider is recommending three tiny coins as today's BEST crypto buys to get his take on all three, click here.
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The EOS Cryptocurrency Is the Top Altcoin to Watch Now - Money Morning
These Three Overlooked Altcoins Are Set To Erupt, According to Top Analyst – The Daily Hodl
A closely-followed crypto analyst and trader is naming three overlooked altcoins that he says are gearing up to break out of consolidation and ignite the next phase of their bull cycles.
In a series of tweets, Cantering Clark tells his 47,500 followers that hes keeping a close watch on SRM, the native token on decentralized exchange (DEX) Serum as he says the crypto asset is getting ready to go on a tear upwards.
Looks like I will be spending a good amount of time inside today now.
Free Alpha SRM looks like it wants to run.
Another under-the-radar altcoin the analyst got his eye on is Orakuru (ORK), an oracle protocol built on the Binance Smart Chain (BSC).
Looks like ORK is turning the corner after the pre-salers exit for a quick buck.
1st BSC audited oracle
I am holding.
The very next day, as per the traders call, ORK exploded and posted a 64% rally from $3.16 to $5.20 according to CoinMarketCap. At time of writing, ORK is trading at $5.08.
Cantering Clark also has an ultra-bullish outlook on Cosmos (ATOM). The trader draws out a chart suggesting that the coin is gearing up to double its value after a long consolidation.
Is it me or does ATOM look like it is about to do something like this?
Weekly and Monthly VWAP (volume weighted average price) holding as support and a really balanced structure dating back to Feb.
Looks ready for someone to create some imbalance in that to the upside.
Often acting as a signal to the entire altcoin market, Ethereum is on the analysts watchlist as well. According to him, something about ETHs price action is hinting at a clean break of $3,000 and a subsequent leap up to $3,850.
I dont know, something about ETH right now makes me think it see above $3,000 really soon.
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These Three Overlooked Altcoins Are Set To Erupt, According to Top Analyst - The Daily Hodl
Early Bitcoin and Ethereum Whale Says Hes Bullish on This Obscure Altcoin – The Daily Hodl
A long-time Bitcoin and Ethereum investor is sharing his strategy for finding promising new projects while shining a spotlight on one asset that meets his rigorous standards.
The pseudonymous trader, known in the industry as Tetranode, says the small-cap project Olympus Finance (OHM) has checked all his boxes and captured a small portion of his crypto portfolio.
In an interview with UpOnly, the crypto whale explains why he is so bullish on the platform and adds that he is also advising the Olympus team to help them avoid exploits and to improve their tokenomics.
Olympus Finance, its the new experiment in algo stablecoins 2.0, so unlike Fei Protocol (FEI) I dont believe its going for partial collateralization Its going for a fully backed reserve. So every single OHM is backed by at least one Dai, so there is a floor that you can count on.
The OHM token is supposed to be sort of a floating/quote unquote stable coin where you can count on the value staying relatively stable compared to ETH. So I have a small investment in there so Im giving the founder some input into some things like their tokenomics and certain exploits they might be vulnerable to.
Currently OHM holds a roughly $53 million market cap and is trading at around $668. If the project is successful, holders who stake and provide liquidity for the token could reap the rewards.
Tetranode notes that when evaluating newer projects, he steers away from those that have large venture capitalists involved, and looks for the projects that have a strong network of supporters.
I would say non-VC involvement is the first thing [I look for in a project], like grassroots involvement starting out. Just relatively good relations with the community and the ability to listen and the ability to evolve. Its hard to quantify, but I know it when I see it because I have a rock solid foundation on how the entire [process] works, all the way down to the consensus assumptions on the blockchain. So its really easy for me to cut through the marketing and get through to the heart of the matter.
The veteran trader says that in order to gain a broad and in-depth understanding of each project, he investigates its use case and from there breaks down how the technology functions on a molecular level. Tetranode utilizes this careful process in order to determine how he will participate in various projects from Bitcoin, to more novel projects like Olympus.
Always approach things from the principle. Always approach it from the atomic level, understand it from the basics. So you go in and you ask, Whats Bitcoin? Bitcoin is internet money which cannot be changed and cannot be reversed. So you have to ask yourself, How can it not be reversed? It cannot be reversed because theres a consensus system working. How is it irreversible and so you keep diving down until you grasp like the first principle and then you can view everything with a very clear eye and thats how you make rock solid decisions without any doubts in your mind.
l
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Early Bitcoin and Ethereum Whale Says Hes Bullish on This Obscure Altcoin - The Daily Hodl
Not a cheaper Bitcoin Bitcoin Gold soars 173% as traders may be buying the wrong BTG – Cointelegraph
A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week simply because traders are buying the wrong altcoin.
Bitcoin Gold (BTG), a relic from the 2017 forking season, traded at $113 on Friday the highest price since February 2018 after 30% daily gains as trading volumes topped $250 million.
A curious contrast to an otherwise lackluster cryptocurrency market, Bitcoin Golds success appears to be not wholly genuine but also not the fault of its holders or developers.
As Cointelegraph reportedon Tuesday, a new Bitcoin fund from Brazillian investment bank BTG Pactual moved a step closer to launching this week after teaming up with the Winklevoss twins Gemini exchange for custody management.
While having nothing to do with Bitcoin Gold, the biggest Brazilian investment bank does share the altcoins ticker and the coincidence was good enough for hungry buyers.
After the Gemini news broke, Bitcoin Gold saw a flurry of demand, which, at the time of writing, shows no sign of abating. This, reactions argued, showed that the cryptocurrency industry was still very much in its nascent phase.
Were so early that people buy Bitcoin Gold BTG, because there is a new fund called BTG Pactual, podcast host Anita Posch warned Twitter users.
By contrast, Bitcoin Gold announcing an actual partnership in late March did hardly anything for it price action.
Bitcoin Gold came about as one of the multiple hard forks of Bitcoin in 2017, the year that also spawned Bitcoin Cash (BCH), Bitcoin Diamond (BCD) and others.
Unlike their parent, the forks have achieved only limited success. As Cointelegraph recently reported, despite the broad uptick sweeping through altcoins, BCH, for example, continues to lose value in BTC terms.
Some of their proponents have adopted an aggressive marketing stance that positions the fork as Bitcoin itself, a misleading move that has likely also contributed to demand.
Cointelegraph reiterates that buying Bitcoin Gold, Bitcoin Cash or any cryptocurrency with a ticker other than BTC means that one holds an altcoin, not Bitcoin itself.
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Not a cheaper Bitcoin Bitcoin Gold soars 173% as traders may be buying the wrong BTG - Cointelegraph
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.
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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.
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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.
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Litecoin (LTC) Price Predictions: Where Will LTC Go After Altcoin Rally? - InvestorPlace