Category Archives: Altcoin
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Crypto Whale Says Hes Loading Up on 9 Altcoins, Predicts New Bitcoin All-Time High Imminent - The Daily Hodl
Which altcoins can grow faster than Bitcoin (BTC) after the correction? – FXStreet
The last day of March has begun with no vivid bullish or bearish signals as some coins are in the red zone while others remain in the green.
Top 10 coins by CoinMarketCap
Yesterday morning, weak support around $57,100 halted the decline in the price of Bitcoin (BTC) and the bulls resumed their attempts to overcome the resistance of $58,000. In the first half of the day, the price recovered to this key level and consolidated above it. During the day, the bulls intensified the onslaught, as a result of which the daily maximum was fixed at around $59,380. At the end of the day, the trading volume decreased and the pair found support at the level of $58,400 and consolidated sideways until morning.
BTC/USD chart by TradingView
Judging by the short pullback, today the bulls intend to continue the recovery of the pair to the area of the monthly high. However, since last week, the recovery has not been supported by large volumes. If this trend continues on the last day of the month, then the bulls will not have time to get to the March high.
Another obstacle on the way to renewing the high is psychological resistance at the level of 60,000 USD. This level has already turned the pair into a rather deep retracement several times. There is no firm confidence that today bulls will be able to break through bears' defenses and gain a foothold in the maximum zone.
At the same time, a rather powerful bullish impulse from a large buyer is capable of breaking through the psychological level of $60,000 and renewing the absolute maximum in the area of $62,100 in early April.
Bitcoin is trading at $57,800 at press time.
Yesterday morning, the sales volumes were rather small, so the pullback of the Ether price was not deep. Buyers found support around the POC line and tried to restore the price to the upper border of the channel.
ETH/USD chart by TradingView
By the end of the day, the pair was able to test the resistance at 1,860 USD, which has kept the price of Ethereum (ETH) in a sideways range until this morning. If bulls are able to increase buying volumes, then today they would update the March high around the $1,950 mark. If the upper border of the channel keeps the pair in a sideways range, then the price will roll back to the two-hour EMA55.
Ethereum is trading at $1,805 at press time.
Yesterday, the XRP price failed to break above the level of $0.580 and, at the end of the day, returned to the level of $0.560. The lack of pronounced recovery dynamics in the pair above the $0.60 resistance could trigger a pullback below the two-hour EMA55.
XRP/USD chart by TradingView
Strengthening the positions of sellers in the market may lead to a fall in prices below the psychological mark of $0.50.
XRP is trading at $0.5458 at press time.
Binance Coin (BNB) is the coin growing the most today. The native exchange coin has not gone down so much after a sharp dump of the market.
BNB/USD chart by TradingView
Despite the decline, Binance Coin (BNB) is still located in the bullish trend. The bearish scenario will be relevant if bears fix below $295 on the daily chart. However, the current value is likely to be considered the greatest of the mirror level. All in all, there is a chance of seeing BNB around $350 soon.
BNB is trading at $297 at press time.
Meanwhile, Uniswap (UNI) is the top loser today as its rate has declined by almost 3% over the last day.
UNI/USD chart by TradingView
From the technical point of view, Uniswap (UNI) remains in the same place as a few days ago. The asset is located in the accumulated phase, which means that further growth will become relevant when bulls fix above $33.50.
UNI is trading at $27.7 at press time.
Polkadot (DOT) is another so-called gainer as the rate of the Defi token has not gone down as the other altcoins have. Moreover, the altcoin has shown a rise of 1% over the last 24 hours.
DOT/USD chart by TradingView
Polkadot (DOT) is showing a much greater correction after today's dump than the other coins. The selling volume remains low and the lines of the MACD indicator are about to enter the green zone, which will confirm ongoing bullish power and the potential to retest the peak at $42.
DOT is trading at $36 at press time.
Cardano (ADA) is the second biggest loser today. The rate of the coin has decreased by 2% since yesterday.
ADA/USD chart by TradingView
On the daily time frame, Cardano (ADA) is trading similarly to UNI as neither bulls nor bears are dominating at the moment. In this regard, the rise is possible when ADA fixes above $1.40.
ADA is trading at $1.18 at press time.
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Which altcoins can grow faster than Bitcoin (BTC) after the correction? - FXStreet
This Under-the-Radar Altcoin Just Burst Into the Top 20 After 560% Gains in Three Months – The Daily Hodl
A low-profile altcoin is making headlines as it rockets into the top 20 crypto assets by market cap.
Decentralized storage project Filecoin (FIL) is garnering attention in the crypto space after a meteoric rise from around $21 in December 2020 to an all-time high of $139 on March 27th.
The coins market cap has increased roughly 720% in the same period, from just around $1 billion to a high of about $8.2 billion on the 27th.
Filecoin is surging on an array of bullish news. Digital investment firm Grayscale introduced a FIL trust that will provide institutional clients exposure to the asset and the project has partnered with the number one oracle project in the space, Chainlink (LINK), to enhance the Filecoin network.
Chinese journalist Wu Blockchain reports on the tokens notable ascent, also pointing out that FIL was seemingly unaffected by the recent Bitcoin drop down to $51,000.
Filecoin seeks to create a more secure data storage ecosystem by leveraging blockchain technology.
The project incentivizes individuals to participate in its network by rewarding miners and those who help store data with FIL fees.
Filecoin was launched in October of 2020 by Protocol Labs founder Juan Benet, and has received support from the likes of Gemini founders Cameron and Tyler Winklevoss.
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This Under-the-Radar Altcoin Just Burst Into the Top 20 After 560% Gains in Three Months - The Daily Hodl
Altcoins Of The Week: ANKR, DENT, BTMX – BeInCrypto
This week, BiC takes a look at the three best performing altcoins in the top 100. ANKR, DENT and BTMX managed to gain the most in price.
The week ended strong for both Bitcoin and altcoins, as the recovery from the earlier weeks bearish sentiment shifted. Bitcoins price recovery has gifted altcoins with some breathing room.
The biggest gainer of the week was ANKR with a massive 185.5% rise. The project broke into the top 100 this week and has since continued to gain in price. Coinbase recently announced it would be listing ANKR on its exchange. The price has been climbing ever since. Coinbase is the largest cryptocurrency exchange in terms of volume in the United States making it the go-to exchange for new cryptocurrency traders in the country.
DENT had an incredible week as it accelerated itself into the top 100. The gainer enjoyed an 84.8% gain in price during the last week. The increase in price comes from the recent announcement that Samsung would be partnering with DENT. As announced on the DENT website, We have partnered with Samsung Blockchain to make buying of DENTs in your app using other cryptocurrencies even more easy. Say hello to the Samsung Blockchain Keystore integration for the DENT App!
Bitmax token takes home the third spot following its surge up the leaderboard. BTMX enjoyed an 83.3% gain over the course of the week. Being narrowly beaten out of second place by DENT. The bullish sentiment behind BTMX relates to the companys latest announcement. Bitmax announced earlier this week that it would be rebranding the crypto exchange. Bitmax will now be known as AscendEx. The rebranding event seems to have turned the community sentiment around the project to super bullish.
According to Coingecko, AscendEx is currently doing nearly $500 million in daily volume.
The week ended with roughly 35% of the top 100 seeing gains over the course of the last seven days. It seems that some of the altcoin market is pumping due to news events. The rest of the market will be expecting further upside gains over the course of the next week.
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Altcoins Of The Week: ANKR, DENT, BTMX - BeInCrypto