Category Archives: Altcoin
These Five Low-Cap Altcoins Are Poised for 100x Gains, According to Trader Lark Davis – The Daily Hodl
Popular crypto trader and analyst Lark Davis is naming five altcoin gems that he believes are primed to generate 100x returns to investors.
In a new YouTube video, Davis tells his 206,000 subscribers that his first pick is RAMP, a decentralized finance (DeFi) that allows users to access staked capital while still earning yield, freeing up billions of dollars in value.
Essentially, this allows you to double or triple or even more your total yield gains for the year The potential value capture here billions of dollars.
Davis notes that the project is up 5x since he started talking about it on his channel, but with a current market cap of roughly $63 million at time of writing, the trader says the asset has a lot of room to grow and could become a blue-chip DeFi coin en route to a $1 billion market cap this year.
The second coin Davis is taking a look at is another DeFi project under a $100 million market cap. Davis says yield farming robo advisor APY.Finance (APY), which helps users direct their capital towards the most lucrative yield-farming opportunities in the space, can potentially grow into a billion-dollar market cap in this bull cycle.
Davis believes the project, which is nearing its official product launch, is set up to compete with yearn.finance (YFI). Though Davis is long-term bullish on the DeFi project, he notes that it has pumped hard as of late, and that investors may want to wait for a better entry in the short term.
Next up is Polkadot-based liquidity aggregator Reef Finance (REEF). Davis notes that the project, which is sitting at a $145 million market cap as of writing, is poised to continue its run-up.
[Reef Finance allows] for both trading and access to centralized and decentralized exchanges so sourcing liquidity from across the crypto market. Theyre also offering smart lending, smart borrowing, staking, and mining, thanks to an AI-driven yield engine. Basically, a total freaking DeFi powerhouse in the making, focusing on the right market at the right time Whats really interesting is we dont have any DeFi blue chips built on the Polkadot yet. There will be DeFi blue chips and Reef could be one of those.
The last two coins Davis discusses are upcoming token sales that he says could make early investors some serious gains.
The first is synthetic asset trading, lending, issuing, and borrowing platform, Shadows, which will be launching on the Polkadot blockchain. Davis says the project is going after a market with trillions of dollars of assets that can be synthesized and brought into DeFi.
Davis notes the initial token sale for the project is expensive to get into, but that after the initial launch, Shadows will be available to trade on Uniswap.
Last on Davis list is the highly-anticipated gamified predictions market Polkamarkets (POLK), whose Twitter account already has nearly 20,000 Twitter followers prior to its launch.
Polkamarkets will allow you to make predictions on the outcome of things like elections or sporting events Prediction markets have proven to be pretty popular over on Ethereum but I think the gamification of what theyre doing here at Polkamarkets could really take this to the next level.
Davis also notes that the project is launching on Polkastarter, which means the launch will likely receive a lot of hype as all of the Polkastarter launchpads have done very well.
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Biggest Altcoin Boom in History Has Arrived, Says DataDash Founder Nicholas Merten Here Are the Assets on His Radar – The Daily Hodl
DataDash founder Nicholas Merten is shining the spotlight on three digital assets as he says the largest altseason in history is underway.
The DataDash founder tells his 382,000 subscribers that, despite the recent altcoin volatility, hes confident that the crypto market is just in the early innings of the bull cycle.
Merten is using the market cap of Ampleforth (AMPL) to track its performance. With a market cap of under $400 million, the trader believes AMPL can significantly grow into a multi-billion-dollar valuation as it repeats the three phases of its 2020 bull cycle.
Generally speaking weve got a really nice technical build-up that was made throughout 2020, and that was one of the top DeFi (decentralized finance) performers, Ampleforth or AMPL, one of the rebasing or elastic supply cryptocurrencies.
The great thing about Ampleforth, overall, here is its technical pattern that it builds. It has its initial phase here, its first wave of its bull cycle here from its lows We have the descending channel here, almost a bull flag if you will, and along with that, the follow-through, the mass move of the cycle.
Well, weve had the first phase here in this case. The secondary phase, the consolidation and now, were starting to play into the early stages of phase three, just like what we saw over here
Its very realistic to assume that Ampleforth here could go towards being a $1 billion, $2 billion, $5 billion cryptocurrency. At this rate, its very very reasonable.
Another coin on Mertens radar isBenchmark Protocol (MARK), which he says can reasonably compete with Ampleforth because of its unique methods of rebasing.
Unlike Ampleforth which just tries to peg itself to the dollar or an inflation-adjusted dollar from 2018, in regards to Benchmark, theyre utilizing things such as the SDR (special drawing rights) as their peg, and for rebasing theyre utilizing volatility measures in the market like the VIX in order to determine whether or not to rebase and provide more of the native currency, in this case to its holders in order to combat volatile moments as well as reduce supply when theres not volatility or below our historic means.
The third altcoin on Mertens list is decentralized exchange Uniswap (UNI), which he says can increase over 177% from its current price of $18.
A lot of people are curious about, you know, am I still sticking to my guns about the $50 price target? And, I am. Im still confident here that were going to be getting somewhere near $50 The major thing we want to focus on here is the trend. On the logarithmic chart, its been very clear here. We had a large mean away from the line of support here, and then we started to consolidate along this logarithmic line of support and now again we had started to break away as optimism came in and eventually I think were going to get a pop here very very soon here where the overall price is going to start moving higher yet again.
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Biggest Altcoin Boom in History Has Arrived, Says DataDash Founder Nicholas Merten Here Are the Assets on His Radar - The Daily Hodl
Altcoin Market Cap On The Verge Of Life-Changing Breakout – NewsBTC
The top ranked altcoin, Ethereum, has broken its all-time high and like Bitcoins big breakout, it has attracted more and more participants to the cryptocurrency market. Valuations are rising everywhere, and the total altcoin market cap is on the verge of a life-changing breakout, if history repeats. And given the current momentum and FOMO across the market, a shocking surge is only weeks if not days away.
Years ago, few knew of Bitcoin let alone Ethereum and the thousands of altcoins that have emerged since the introduction of the first decentralized currency.
Bitcoins meteoric rise from $1,000 to $20,000 in 2017 prompted other coins to soar, and Ethereum reached a peak of $1440. With the two top coins roaring, capital began to flow into illiquidity low cap altcoins, which skyrocketed in value.
Related Reading | Heres How High Bitcoin Could Go If 2017 Repeats
The same scenario is now happening again, following a big bullish breakout by both Ethereum and Bitcoin. Bitcoin led the charge with a rise from $20,000 to $42,000, and Ethereum is already trading $200 more than its former high just days after breaking the record.
Both assets are in price discovery now, and are dragging up the rest of the market. But according to the last major altcoin market breakout, weve not seen anything yet, and whats about to arrive could be life-changing.
Looking back at the last bull market for crypto, the total altcoin market cap went parabolic and added more than $340 billion in value in the coming months.
From millions to billons in months in no easy feat. The total crypto market cap including Bitcoin is now well over $1 trillion. Could altcoins alone soon be valued in the trillions? Some analysts believe that Ethereum alone could be worth more than $1 trillion. Estimates for Bitcoin reach as high as $10 trillion, so why cant other altcoins eventually do the same?
Related Reading | Altcoin Season Is Here: Buy Crypto Surpases Bitcoin Searches On Google
Crypto is in bull mode and as a speculative asset class anything is possible, but when still so many coins have little to no use case, or are nothing more than memes, even if the market does make it to trillions the capital will flow into projects with real value.
Life-changing wealth could be right around the corner, but remember, wealth is only made when positions are closed. Dont be stuck holding bags of worthless but once pumping coins when its all said and done. XRP, for example, remains significantly below its former all-time high, proving that not all altcoins are winners.
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Altcoin Market Cap On The Verge Of Life-Changing Breakout - NewsBTC
This Little Known Altcoin (ANT) Has the Potential for Significant Gains – BeInCrypto
The Aragon (ANT) price has broken out from a resistance area that had previously been in place since Sept. 2020.
ANT is likely mired in a bullish trend and will continue rallying to at least $8.
ANT has been moving upwards since reaching a low of $2.60 on Dec. 23, 2020. At the time of writing, it was trading just above $6.05.The rally has taken it above the $5.60 resistance area, which had previously been in place since September. After validating the region as support, it began the current upward move.
Technical indicators are bullish, supporting the continuation of the upward movement. This is especially visible by the bullish cross in the Stochastic Oscillator and a MACD reading above the 0 line. If ANT continues rising, the closest resistance area would be at $7.73, the 0.618 Fib retracement level of the previous downward move.
Cryptocurrency trader @Cryptoboss1984 outlined an ANT chart, which shows a breakout from a descending resistance line.
Since the breakout, ANT has moved slightly upwards but seems to have stalled near $6.40. Nevertheless, both the RSI and the MACD support the continuation of an upward move.
Therefore, while it could fall in the short-term, possibly validating the descending resistance line it broke out from (dashed), it should resume its upward momentum afterward.
The wave count suggests that ANT is in wave three (white) of a bullish impulse that began with the previous Dec. 2020 lows. The sub-wave count is in orange, indicating that ANT is in sub-wave five.
The most likely target for the top of wave three is between $8-$8.30, found using an external Fib retracement and a Fib projection on waves 1-3.Wave five could end at either $12.36 or $15, the 3.61 and 4.61 Fib extensions of wave one.
To conclude, ANT should resume its upward move towards $8, and possibly continue increasing towards a new all-time high price in the process.
For BeInCryptos latest Bitcoin(BTC) analysis,click here.
DisclaimerAll the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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This Little Known Altcoin (ANT) Has the Potential for Significant Gains - BeInCrypto
What Are Altcoins? All That You Need To Know About The Non-bitcoin Cryptos – Moneycontrol.com
Litecoin, Ethereum, Ripple, Dash, NEM and Monero are some of the altcoins looking to challenge bitcoin.
In a world going virtual, can currencies be far behind? Obviously not, particularly when cryptocurrency has become a hot button topic in trading and investment circles.
While bitcoins have tended to hog the limelight in this rarefied space, there are multiple other coins or cryptocurrencies that are attracting eyeballs. In that lot, altcoin is fast emerging as a favourite.
An altcoin is a cryptocurrency, or virtual currency. It is an alternative tobitcoin. Altcoins work much like the original Bitcoin. Using a private key, a payment can be sent from a digital wallet A to digital wallet B. In acryptocurrencysuch as these, there is a blockchain or recording ledger, where the transactions are permanently and publicly recorded, so exchanges can't be altered or denied. The blockchain is secured by mathematics proofs, which confirm transactions in block.
Moneycontrol goes deep into the world of altcoins, examining the main issues that surround the coins. Before that though, it is important to familiarise an investor about these coins. It will help set the context.
Right, so think of bitcoins as a digital currency, which cannot be manufactured or printed but only be mined by solving complex mathematical problems.
Bitcoin first grabbed peoples imagination on January 3, 2009, creating a network of sorts when a mysterious pseudonym known as Satoshi Nakamoto mined the starting block of the chain, known as the genesis block.
Today, this seems like a whole different world. So, are altcoins another form of bitcoin?
No. Altcoins stand for alternate coins or alternate to bitcoins and are non-bitcoin cryptocurrencies. Altcoins also don't all follow the same rules as Bitcoin. For example, while Bitcoin will only ever mine, or produce, bitcoins every 10 minutes, an altcoin called Litecoin will produce coins every 2.5 minutes. This makes Litecoin able to process payments faster. Litecoin will also produce 84 million litecoins, whereas Bitcoin will only produce 21 million bitcoins. Litecoin also uses a different set of rules for miningthan bitcoin. Whereas bitcoins require costly hardware to mine, litecoins can be mined with common computer hardware.
Now why do we need altcoins? Isnt bitcoin enough for crypto enthusiasts?
Bitcoin was one of the first cryptocurrencies to be developed, but since then, there have been layers of improvement on its structure. Certain altcoins have made transactions cheaper as well as faster. Some consume lesser energy to be mined while others bring in added layers of secrecy. While few have the same proof of concept, some altcoins operate on different proofs of concept. There is a complex technological analysis that can be put forward, but we can keep that for later explanations. The main point is these new coins have made technology stronger, better, making transactions less expensive. In addition, there was also the need for stabler cryptocurrency. Historically, bitcoin is prone to massive value fluctuations. So, there are some stable coins in the market as well, which are pegged against other fiat currencies like US Dollars. Libra, which was to be launched by Facebook and other tech companies, was supposed to be one such stable coin.
Can you give some examples of altcoins?
Interestingly, Litecoin is just one of the thousands of altcoins on the market. A few examples of altcoins include Ethereum, Ripple, Dash, NEM and Monero. Litecoin was introduced in 2011 after the success of bitcoins. While the proof of concept is nearly the same, it operates in different ways. Yet another example of altcoin could be Namecoin. It was also introduced in 2011, and uses the same proof of concept as bitcoins, but what it brings is greater anonymity and helps avoid any form of censorship. As per industry estimates, there could be as many as 5,000 such cryptocurrencies in the world. Except bitcoin, all the rest are clubbed under altcoins.
So, how are these altcoins used?
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What Are Altcoins? All That You Need To Know About The Non-bitcoin Cryptos - Moneycontrol.com
Analyst: The 2021 Altcoin Season Only Started – CryptoPotato
2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history.
And while a lot of it had to do with Bitcoins surging price, over the last few days, its becoming evident that altcoins are claiming their share, causing many to believe that were in a state of the market known as altcoin season.
An altcoin season is a term used to describe a market condition where bitcoins price is being heavily outperformed by that of altcoins. This is directly reflected in the BTC dominance index, measuring Bitcoins share relative to that of the entire cryptocurrency market.
According to the well-known trader, investor, and crypto proponent going by the Twitter handle Secrets of Crypto, the market is currently in phase 2 of an altcoin season.
We are now in Phase 2 of the Path to Altseason Chart. Ethereum has been outperforming Bitcoin for a month straight and is starting to go parabolic
The Path to Altseason is a graphic that describes the different phases of this market condition. Phase 1 is when theres a flow of money going into Bitcoin and, possibly, to Ethereum. Whats important to note here is that during this phase, ETH struggles to keep up with Bitcoin, and it goes back and forth.
Phase two (where were currently at, according to the analyst) is when Ethereum starts outperforming BTC.
Indeed, Ethereum has been outperforming bitcoin impressively over the course of this year. ETH is up around 87% YTD, while BTC is up just shy of 15%.
Another thing about the current Phase 2 of the Path to Altseason is that money starts flowing to other large-cap altcoins. We saw that too. As CryptoPotato recently reported, Chainlinks LINK charted a fresh all-time high, while Polkadots DOT has also been performing impressively.
First things first, this is by no means investment advice, and its important to note that history is not an indicator for future events.
According to the analysts photo, however, the next phase will see large-caps going parabolic. Moreover, other altcoins with strong fundamentals should also see notable gains. During the last phase of the altcoin season, large caps have gone full vertical, and were seeing blow-off tops.
Other characteristics include booming smaller altcoins, as well as meme coins taking off as everyone is ecstatic about the market and you feel the mania in the air.
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Analyst: The 2021 Altcoin Season Only Started - CryptoPotato
Altcoin Season Booming Under the Radar, Says Top Trader Here Are His Low and High-Risk Strategies – The Daily Hodl
Crypto trader and influencer Lark Davis is sharing his low and high-risk techniques to spot the next big movers in the altcoin market.
In a new video, Davis tells his 183,000 YouTube subscribers that some investors are missing out as altcoins have been quietly making significant gains in the last few months.
Some people have been sitting around waiting for the magical altcoin season to happen when in truth, altcoin season has been happening for a like a freaking year now. Altcoins have been making crazy returns for investors way beyond Bitcoin has been giving to investors.
For investors who are looking to hop on the altcoin train, the trader tells his audience to look at coins with a market cap of $100 to $200 million as they offer the best risk-reward ratio. These projects typically have working products and growing user bases but have limited market reach.
Davis adds that solid projects such as Aave can exponentially grow without a significant pullback. In such cases, the analyst suggests looking at the fundamentals of the protocol.
Focus on the fundamentals. That is what is going to bring you in those gains. Look for that strong economic token model, which Aave has. Look for original ideas [and] powerful technology, which Aave has. Look for a strong team, which Aave has. Look for good total value locked. Its one of the top leaders. Understand if the model is sustainable. Theyve got a pretty simple business model. Understand how the remaining token releases could affect the value of the tokens that you buy Always find out, too, if you can farm the tokens for free.
Davis highlights that while middle cap coins will likely not generate 100x returns, he says they have to potential to print gains between 20x and 50x during this bull run.
As for opportunities to earn 100x returns, Davis recommends scouring coins with a market cap of less than $100 million. He notes that although these projects offer maximum potential for gains, they also come with extremely high risk.
You either lose a truckload of money or you make a truckload of money.
When investing in low-cap coins, Davis tells his audience to practice risk management techniques to protect their capital.
One of the easiest ones that you can do to minimize your risk when playing with these kind of coins is to keep your position sizing low What I usually do is I put like 1% of my portfolio into these low market cap coins You really have to think twice before considering bigger allocations into these high-risk coins because things can go very bad very quickly.
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Altcoin Season Booming Under the Radar, Says Top Trader Here Are His Low and High-Risk Strategies - The Daily Hodl
Mark Cubans Crypto Wallet Exposed Here Are the Altcoins Hes Investing In – The Daily Hodl
The contents of billionaire entrepreneur Mark Cubans Ethereum wallet are now public knowledge.
The Dallas Mavericks owner and Shark Tank stars Ethereum wallet address was revealed after he promoted a digital collectible listed on the non-fungible token (NFT) marketplace Rarible via his social media account.
According to pseudonymous crypto researcher Dogetoshi, who initially tweeted out Cubans Ethereum wallet address, promoting NFTs amounts to doxxing oneself publicly broadcasting an individuals private or identifying information.
Promoting NFT = doxx.
Cuban acknowledged it is his address after the wallet was posted online.
Cubans altcoin bag includes a long list of decentralized finance (DeFi) altcoins. Cuban holds $134,000 of the decentralized finance (DeFi) protocol Aave, which represents the vast majority of his portfolio.
Aave enables users to borrow or lend crypto assets. Users who lend their crypto assets earn interest while borrowers use their crypto assets as collateral.
After that, the next-largest altcoin Cuban holds is about $1,000 of an obscure coin called Friends With Benefits. He also holds $400 of the controversial crypto Hex, which pays holders for rewards instead of miners.
Cuban also holds a minuscule amount of a long list of crypto assets. Its likely that crypto investors sent small amounts of their favorite altcoin to Cubans wallet in the hopes of convincing him to check them out or to trick others into believing that he is invested in them.
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Mark Cubans Crypto Wallet Exposed Here Are the Altcoins Hes Investing In - The Daily Hodl
Altcoins This Week: Chainlink (LINK) Tops The Price Tables As Altcoin Stay Somber After BTC Collapse – Coingape
Altcoin Performer of the Week: Chainlink (LINK)
As the overall crypto market remained somber after the collapse of Bitcoin to below USD 30000 levels, some altcoins did show some minor rises before moving back to market trends. But the one coin top altcoin that stood out this week and should some bullish momentum was Chainlink (Link)
Chainlinks price has been on the rise through the course of 2021. In the past week alone, the cryptocurrency saw its price hike by close to 20 percent, with renewed bullish momentum very evident on the charts. However, following past precedents, such gains only make LINKs price more likely to see a minor correction in the near-term.
At press time, Chainlink was trading at $25.32 with a registered market cap of over $10.08 billion. Further, the cryptocurrency was also noting a 24-hour trading volume of $4.9 billion and was placed at 7th position on the overall list of coins and tokens placed by Market Cap, pushing down Litecoin(LTC) to 8th position. With this spike, Chainlink (LINK) is now in touching distance Cardano (ADA), which was in the sixth position.
While the Chainlink (LINK) price surge was a result of the newsflow this week, that Grayscale is preparing to add a Chainlink Trust product, any further incremental news might keep the coin buzzing in the coming week as well pushing it to a new All-time high
Altcoin Update from the week
While the bellwether BTCs movement controlled most of the momentum and sentiment for the altcoins, altcoins did show resilience by not falling as much as the BTC did, exciting many investors the alt season was here.
Ethereum found itself comfortable above USD 1200 with a minor rise of less than 1 % this week. Last weeks hero Polkadot (DOT) also saw some cooling as the coin just rose 3.82 % this week. The other performers in the top 20 altcoin chart were
While the rise in Chainlink(LINK) did push Litecoin (LTC) down in ranking, the distance between market caps of Polkadot(DOT) and XRP widened, confirming the coin would stay in the number 4th position (by market cap) for some time.
Which Altcoins do you think will shine in the coming week?
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Altcoins This Week: Chainlink (LINK) Tops The Price Tables As Altcoin Stay Somber After BTC Collapse - Coingape
Kyber 3.0 Upgrade Is Around the Corner – Product Release & Updates – Altcoin Buzz
The decentralized finance (DeFi) space was at full throttle last year. At the end of 2020 Q3, the total value locked (TVL) in the DeFi space was about $10 billion. Despite these huge achievements, the space also experienced several major constraints. Kyber Network, a popular Ethereum-based DeFi protocol, has previously highlighted most of these challenges in an October blog post. The protocol also highlighted several important changes that will help take care of the challenges currently faced by DeFi.
Topping its list of proposed solutions is its Kyber 3.0 protocol upgrade. The upgrade will move Kyber Network from a single protocol to a hub of purpose-driven liquidity protocols catered to various DeFi use cases.
Hashed officially confirmed this announcement via Twitter.
The Kyber 3.0 upgrade will be the greatest change to the Kyber ecosystem. It would enable the network to easily get accustomed to DeFi trends, also equally providing improved benefits to KNC holders, liquidity providers, developers, takers, etc.
Kyber 3.0 is made up of two phases Katana and Kaizen. Alongside Kyber 3.0, the platform will also be launching a new liquidity protocol dubbed Kyber DMM. In essence, it will allow for permissionless liquidity contributions from any person and give full access to this liquidity to any interested takers.
Kyber Network also has plans in place to enhance its tokens (KNC) governance power. To achieve this, plans are in place to upgrade both the KNC token and KyberDAO. This proposed upgrade will be voted upon by KNC holders.
Kyber Networks design was effective. It enabled on-chain scanning of liquidity providers on the network but faced huge drawbacks as the DeFi ecosystem grew. It was built as a single interface, so it had to be ETH-based and be a single permission model in order to ward off DDoS attacks. Kyber 3.0 aims to put an end to these constraints.
The upgrade is expected to drive better adaptability and also provide the network with better access to DeFi trends.
There are several advantages embedded in the proposed Kyber 3.0 upgrade. They include:
Alongside the proposed protocol upgrade, Kyber Network also has plans to launch the first-ever Dynamic Market Maker (DMM) in the DeFi space. The DMM will be available to all players on the network, including retail LPs.
The DMM will furthermore take care of AMMs impermanent loss (IL) and capital inefficiency. It will also help optimize fees on the platform via its Programmable Pricing Curve and its Dynamic Fees To help mitigate IL and increase LP profit
To make the networks proposed architecture change easy, the Kyber team will put forward a special upgrade to both KyberDAO and KNC tokens. The proposal is aimed at:
As previously stated, the upgrade will be in two phases: Katana and Kaizen. The Katana phase of the upgrade is expected between Q1 and Q2 2021. During this phase, Kyber DMM and the KNC and Kyber DAO proposal submission is expected to take place. The Kaizen upgrade is slated for Q3 2021, signaling the official completion of the Kyber 3.0 upgrade.
At the time of publication, KNC was trading at $1.34, with a market cap of $270,119,835 and a 24-hour trading volume of $77,729,379.
Altcoin Buzz recently published an article on the step-by-step processes of installing the KyberSwap wallet.
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Kyber 3.0 Upgrade Is Around the Corner - Product Release & Updates - Altcoin Buzz