Category Archives: Altcoin
Bitcoin Price is Once Again Above Gold Despite ‘Altcoin Bubble … – Inside Bitcoins
This story was shared from this site
Bitcoin price is back in all-time high territory as it just surpassed $1,275 amid a steady uptrend in recent weeks.
Bitcoin Price Hits NewHighs, Back Above Gold
The price of one bitcoin now sits at $1,283 USD at the time of writing, according to Bitcointicker.co.
The last time BTC was breaking its all-time high was in early March amid the COIN ETF euphoria. At the time, the price spiked to as high as $1,350 on some exchanges.
Worth mentioning is the glaringprice difference among various exchanges, particularly Bitfinex, where one BTC sells for $1,377. You can read more about why this is happening here.
The previous official all-time high was established as somewhere around the $1,275 mark, which has now been broken. Moreover, Bitcoin is now back above gold price per ounce or $1,264.09 per ounce, according to gold.org.
In the beginning of March, when BTC first overshot gold price, it was hailed as a historic moment by some economists. As Bitcoinist pointed out, however, Bitcoin still has a long way to go before matchingthe total gold market. In terms of market capitalization, Bitcoin is a tiny 1/500th the size of gold in real terms.
Whats Driving the Price Higher?
There areseveral major reasons currently driving up theprice. The latest bull run, which began after March 21st, has pared the loses from setbacks such asthe ETF rejection and the suspension of withdrawals on Chinese exchanges.
Additionally, there is news that the Securities and Exchange Commission (SEC) will be reviewing the decision, and this may be yet another reason fortraders to bebullish.
Another factor is thegrowing support among Bitcoin companies for Segregated Witness, which is in part a scaling solution that is now reaching 90%. SegWit is a technology thatwill be activated on Litecoin shortly, and that has
Link:
Bitcoin Price is Once Again Above Gold Despite 'Altcoin Bubble ... - Inside Bitcoins
Altcoins Planning Segwit Integration Experience Price Pumps – Nigeria Today
Over the course of the past few months, a bunch of altcoins are jumping on the Segregated Witness (Segwit) bandwagon. Currently, cryptocurrency enthusiasts are focusing in on Litecoin (LTC) markets because the price is pumping as Segwitnears activation on the LTC network.
Also read:The Great Price Divide Widens During Bitcoins 2017 Rise
The scaling debate has been ongoing for years, and some bitcoin proponents believe one protocol change called Segwit may help bitcoin scale. However, Bitcoin signaling for Segwit is still low as only 30-34 percent of explicit mining pool support at any given time is dedicated to the Segwit protocol. Since support for Segwits Bitcoin network integration has stalled, some altcoin communities and developers have decided to implement Segwit into a few alternative cryptocurrencies.
This past February, members of the Litecoin network started signaling support for the Segwit protocol with a lower activation threshold of 75 percent, compared to the 95% treshold proposed for Bitcoin Segwit activation. Now the network is nearing the activation lock-in point, and Litecoin may see Segwit integration very soon. Moreover, over the past few weeks, Litecoins price has spiked significantly from $4 per LTC to above $14 at the time of writing. Furthermore, Litecoins market capitalization is drawing close to reaching the $1 billion mark as LTCs market share currently captures roughly $731 million.
Its safe to say that many people believe the Litecoin price rise is due to Segwit support reaching the 75 percent threshold. One Litecoin supporter expressed his enthusiasm stating;
75% hit with massive support. 1801 blocks left to maintain and get locked into the moon!
Litecoin is not the only altcoin on the block that wants to try and implement the Segwit protocol. Other digital asset communities have also added Segwit to their development roadmaps. The list of tokens implementing Segwit include altcoins such as Viacoin, Vertcoin, Syscoin, Groestlcoin, and Digibyte. Just like Litecoin all of these digital currency markets have seen price spikes that many are attributing to upcoming Segwit integration.
Since these coins have jumped on the Segwit bandwagon, many believe these communities have opted to integrate the protocol just to get a price pump. Many of the tokens have been very low on the market capitalization totem poll for quite some time. However, since opting to implement the scaling protocol originally proposed for Bitcoin, alternative currencies such as Vertcoin, Viacoin, Syscoin, Groestlcoin, and Digibyte market shares have increased by 15-35 percent across the board since planning for Segwit. Adding Segwit to these altcoin roadmaps has temporarily revived these low volume markets for the time being, giving them a second chance at life.
As Litecoin Segwit activation approaches, many will be watching to see what happens during the change and after the fact. As far as some cryptocurrency proponents are concerned, the LTC network Segwit integration could be a good test bed for the protocol in a real world setting. Moreover, Litecoin supporters are already speculating implementing the Lightning Network to LTCs infrastructure as well. Litecoin creator Charlie Lee has been rallying for the LTC network to adopt Segwit for a while now and it looks like he just might get his wish.
With Segwit and Bitcoins current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock, explains Lee. Litecoin can take a lead and be a positive force in the cryptocurrency space.
What do you think about Litecoin and other altcoins joining the Segwit bandwagon? Let us know in the comments below.
Images via Pixabay, r/litecoin, and Bitcoin.com.
We got it all at Bitcoin.com. Do you want to top up on some bitcoins? Do it here. Need to speak your mind? Get involved in our forum. Wanna gamble? We gotcha.
The post Altcoins Planning Segwit Integration Experience Price Pumps appeared first on Bitcoin News.
This post was syndicated from Bitcoin News. Click here to read the full text on the original website.
Follow us on twitter @NigeriaTodayNG
Also, Like us on facebook
See the original post:
Altcoins Planning Segwit Integration Experience Price Pumps - Nigeria Today
Poloniex Altcoin Exchange Review – The Merkle
Summary
Poloniex is by far the superior altcoin exchange, base don trading volume and the number of users. The customer support is its Achilles heel, though, and the verification procedure can take longer than needed. Moreover, a few recent server and API outages have caused a fair bit of issues.
User Rating 3.88 (8 votes)
In this day and age of cryptocurrency exchanges struggling with their partnering banks, the number of platforms unaffected by issues arefairly limited. So far, the Poloniex exchange has successfully avoided most problems, which allows them to continue generating significant amounts of trading volume. They are also the premier cryptocurrency exchange for altcoins traders, but is everything as good as people want the world to believe?
Trading on a cryptocurrency exchange is always a matter of positive aspects and compromises. For the Poloniex exchange, it appears the benefits far outweigh the downsides as of right now. They list a good amount of alternative cryptocurrencies and also actively remove trading pairs that are no longer relevant. Poloniex is also offering multiple exchange markets, including Bitcoin, Monero, and Ethereum. Alternative trading markets are always interesting to take notice of, even though not all coins can be traded against these three currencies.
Poloniex has been around for some time now and even underwent a major overhaul in early 2015. Ever since that time, some notable features were added, including cryptocurrency lending. Speaking of the lending service, not all supported coins are listed here either, but it does cover the most prominent currencies as of right now. It is a useful feature for traders who want to earn a passive interest on their Poloniex balances, although one should never store too much money on an exchange in the first place.
On the security front, Poloniex seems to check the right boxes as well. Two-factor authentication is possible and advised which is a positive touch. Then again, nearly every cryptocurrency exchange offers this feature, as 2FA has become somewhat of the norm in the crypto world right now. Volume-wise, Poloniex seems to generate a fair amount of revenue every single day, as it is way ahead of its closest competitor Bittrex.
Unfortunately, no cryptocurrency exchangeis without its issues, and Poloniex is no exception. The platform has suffered from slow trading, order book issues and even plain outages every time there is an unusually high trading activity on the exchange.Most recently, the site and its API utterly crashed when Ripple was seeing significant trading volume all of a sudden. This affected quite a lot of traders and a fair bit of money was lost due to trades not executing properly.
Moreover, some users have complained about horrible customer support from Poloniex staffers. Exchanges have a big problem in this regard, as it appears a lot of platforms suffer from bad customer support at all times. That is not acceptable by any means, and we can only hope things improve sooner rather than later. Especially considering how the platform supports fiat currency support, aiding customers in a quick and convenient manner becomes even more important.
Speaking of support, Poloniex conducts a thorough AML and KYC procedure for all users, even if they do not deposit or withdraw fiat currencies. This means users will need to upload documents to verify their identity, a process that can take days, if not weeks, for some users. It seems evident everyones mileage will vary when dealing with the Poloniex exchange. For the most part, the company does the job just fine, but there are obvious areas that need improvements.
If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.
Continued here:
Poloniex Altcoin Exchange Review - The Merkle
Ether Price Analysis: ETH Altcoin Dominance Continues – Bitcoin Magazine
Bitcoin Magazine | Ether Price Analysis: ETH Altcoin Dominance Continues Bitcoin Magazine Ether Price Analysis: ETH Altcoin Dominance Continues. Ethereum (ETH) continues to easily hold the number-two market capitalization, far and above the next highest altcoins. Its volume traded, however, is quite handily surpassed by Bitcoin, and its ... |
Follow this link:
Ether Price Analysis: ETH Altcoin Dominance Continues - Bitcoin Magazine
Altcoiner Lets All Bitcoin Holders Earn A Daily Passive Income By Trading Altcoins – newsBTC
There is a lot more to the world of cryptocurrency than just bitcoin. Various popular altcoins are establishing themselves in the market as we speak. Altcoiner provides live altcoin prices, as well as a genuine platform for assisted altcoin trading. Being successful in the alternative cryptocurrencies sector can lead to many riches and Altcoiner wants to aid investors in achieving that goal.
Altcoins have become one of the most exciting markets in the cryptocurrency ecosystem today.Increased volatility leads to higher chances of making major profits. Altcoiner acknowledges the potential of the altcoin market and provides a service that appeals to all cryptocurrency investors. Having a team of professionals guide investors along the way will result in healthy profits for everyone.
Trading altcoins is very different from bitcoin, as things develop at a much faster pace. Altcoiner complements this high-speed high-volatility trading behavior with a compelling platform designed to help traders make a profit. Making money trading altcoins is a very lucrative business, yet it involves a lot of work. Altcoiner takes care of the heavy lifting by providing users with the latest news and developments regarding all major altcoins.
Altcoiner also provides four different plans users can invest in to generate fully passive returns on investments. The company selected four top cryptocurrencies, all of which will yield hourly profits. Theorem, Dash, Monero, and ZCash are all on the list. Given the growing market demand for all of these altcoins, there is good money to be made. Every currency has its individual deposit requirements, with initial deposits released after 5 days with a 5% fee.
Now is the time to start making money by trading altcoins. Altcoiner provides a passive investment opportunity for all bitcoin enthusiasts to take advantage of. Making a profit through this program is a no-brainer. Altcoiner provides a compelling service that allows anyone in the world to make money with little effort. It is time to let your bitcoin holdings do the work for you and generate passive income without friction.
More here:
Altcoiner Lets All Bitcoin Holders Earn A Daily Passive Income By Trading Altcoins - newsBTC
PIVX Growth Not Influenced by Dash nor Bitcoin in Altcoin Swell – CryptoCoinsNews
In Good or bad times, Bitcoin has always been a blessing to the digital currency ecosystem. Even at the verge of a split, the pioneer Crypto influences the rise of many sound altcoins.
The fear of Bitcoin splitting as a result of the ongoing acrimonious Hard Fork dispute has led to community members paying attention to altcoins and investing in them.
PIVX as a fallout of a row in the Dash community, without reservation, is taking advantage of the current situation. However, some experts believe the current admirable rise of the anon Crypto could be linked to the sudden growth of Dash.
CCN decided to find out what is influencing PIVX match into the mainstream of the industry. When asked whether Dashs gain has anything to do with PIVX success, Elisha Owusu Akyaw, a team member of PIVX thinks the answer could be yes and no.
Yes because PIVX is a fork of Dash and inherits all its features. The progress Dash has made in the past weeks shows that decentralised governance, a reward mechanism such as Masternodes, instant and private transactions are great innovations, Elisha indicated. However, he strongly believes the dichotomy between Dash and PIVX is the latters true decentralisation through their Community Designed Governance, the choice of Staking over mining, faster block time and all the other features they have built and intend to build on top of the Dash code are the more reason the answer is more of a no than yes.
Many at times altcoins rise astronomically and within a twinkle of an eye, they degenerate into the lower echelons but Elisha was confident their course will be unabated. He reveals:
PIVX is the only cryptocurrency among the top 15, listed on less big exchanges and has less adoption but has still pulled through with the exposure the currency has seen in the last few weeks and its specifications. With all this in mind, adoption in the coming months of PIVX based on the price hike and the technology behind the currency would cause continuous growth in all aspects.
Then again Elisha who is in charge of communications for PIVX was of the view that his outfit has built an identity of its own now, and the Dash similarities only serve as an assurance of tried and tested innovations while the upgrades represent PIVXs identity as Private Instant Verified Transactions with Community Designed Governance. He thinks with this identity, the rise in both currencies might be parallel but PIVX will hold its own if the Dash price drops.
The PIVX community has come a long way and the fun thing is we are just getting started, Elisha said. The team is committed to building the best of all cryptocurrencies through the contributions of our network, Elisha assured their holders and supporters.
As to whether PIVX growth is sustainable, it is yet to be proven, and CCN is keenly observing in order to inform our numerous readers around the globe.
Chart from CoinMarketCap. Featured image from Shutterstock.
Read the original here:
PIVX Growth Not Influenced by Dash nor Bitcoin in Altcoin Swell - CryptoCoinsNews
Altcoins See Their Value Go Up As They Inch Closer to Activating SegWit – Live Bitcoin News
Bitcoin is not the only cryptocurrency trying to implement Segregated Witness these days. In fact, several alternative currencies have already done so successfully, including Syscoin and Groestlcoin. Vertcoin is also getting close to the 75% activation threshold, and its price has been appreciating in anticipation. An interesting development, as it indicates why activating SegWit makes a lot of sense.
Although a few altcoins have successfully activated SegWit on the network, their value has not necessarily increased all that much. More prominent alternative currencies, see a bit more success in this regard, as litecoins value has been increasing in anticipation of a SegWit activation. Then again, Chinese mining pools are actively blocking the activation of this solution right now, reducing its chance of success.
Vertcoin is another altcoin on the brink of seeing the SegWit threshold being met over the coming days. Ever since this shift occurred, the altcoin has seen a price increase of around 100%, indicating there is a potential gain in value associated with successfully activating Segregated Witness on any cryptocurrency network right now. It is also possible someone is trying to pump the Vertcoin price, as the currency has a relatively low trading volume after all.
It is evident there is a lot of merit to embracing Segregated Witness, even though specific individuals will never see it that way. With so many altcoins testing this concept on their live network ahead of a bitcoin activation, developers can gain valuable insights as to whether or not additional improvements need to be made. Unlike Bitcoin Unlimited, SegWit will actually get some testing before it affects the bitcoin ecosystem.
In the end, there will always be supporters of SegWit and those who continue to oppose it. Whether or not that is for financial reasons such as the AsicBoost debacle remains to be determined. Blocking further improvements of any cryptocurrency just because the change does not float ones ego or stroke with political views results in an attitude that doesnt belong in the bitcoin and altcoin the world. If individuals want to propose different scaling solutions, they are free to create their own altcoin and test the code first.
Should SegWit ever be activated on the Litecoin network, the price will most likely go up in the future. It remains unclear whether or not Bitcoin will ever see a successful SegWit implementation, though. The user-activated soft fork may be the best chance of seeing it activated over the coming months. SegWit seems to provide a big chance of resulting in a value increase for whatever currency activates it successfully. An interesting concept, that much is certain.
Header image courtesy of Shutterstock
About JP Buntinx
JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.
View all posts by JP Buntinx
Continue reading here:
Altcoins See Their Value Go Up As They Inch Closer to Activating SegWit - Live Bitcoin News
Decred Benefits From Bitcoin Impasse, Joins Altcoins’ Rise – CryptoCoinsNews
The current impasse in the Bitcoin community is fueling the rapid growth of some altcoins, as it has been the current drift. Decred has broken into the mainstream from nowhere to be among one of the most top altcoins.Twice last week, it was ranked among the top 10. Notwithstanding it could not hold the fort and now has to be content with number 16, currently.
Daniel Taylor, community/Marketing Manager of Decred attributes their current success to the rapid growth of their community. Speaking to the CCN, he was impressed with the passion so many people have displayed for Decred and credited the Devs and the community for a yeomans job done.
Decred would have never have achieved the level of exposure we are seeing today, Taylor noted. Thats what decentralisation is all about: people from different areas of the world and different walks of life coming together to achieve a common goal.
The Decred Team member stated that the current drama surrounding Bitcoin are making people realise the need for a more concrete governance structure in cryptocurrency and that Decred has the most efficient and advanced Blockchain-based governance system on the planet.
He explained:
We believe that Decred has the most efficient, most advanced blockchain based governance system on the planet and are incredibly excited to witness this technology hit our main net in April. As Decred progresses, it will evolve into a full-fledged Decentralized Autonomous Organization. It will evolve in whatever direction its holders vote. One of the most amazing features of our governance model is called Hard Fork Voting.
According to Taylor, With this technology, voters (holders of Decred) will be able to weigh in on precoded upgrades such as SegWit, increased block sizes, anon among others. If these upgrades are voted in, the chain will automatically fork to accommodate the upgrades, without developer intervention. This is how governance should be, he pointed out.
Recently, some experts have attributed the upsurge of altcoin to pump and dump predicting there is an upcoming burst. (https://cointelegraph.com/news/altcoins-will-burst-dash-will-crash-vinny-lingham)
But Taylor thinks such utterance are expected in the wake of every successful project to undermine its price performance. We dont like to speculate on price because our true passion lies in establishing a new paradigm for the crypto community, the Community/Marketing Manager told Cointelegraph.
Interestingly, he was downcast when he recalled how Decred suffered a brutal one-year downtrend during Bitcoins bull run. However, he stated that the development team never stopped working on the project and will never stop working on it.
When pushed to predict if there will be an upward adjustment on CoinMarketCap, he refused and stated Decreds value will be determined by its users, If they feel it should move up again, it will, nonetheless, development will continue regardless.
We have an incredible community, and we would like to thank all of you for everything you have done for our project, Taylor conveyed to Decred holders.
We have nearly unlimited ammunition when it comes to future developments, presence at events, press releases, puzzles, and more. We hope everyone sticks around for the long haul because we are just getting started.
In a related development, Litecoin creator Charlie Lee who also doubles as Director of Engineering at Coinbase has glorified Decred for its achievement and governance structure. In a Twitter post, the respected developer wrote:
Decreds dev team is top notch. And its governance model is first of its kind. I think top 10 soon.
Chart from CoinMarketCap. Featured image from Shutterstock.
Read this article:
Decred Benefits From Bitcoin Impasse, Joins Altcoins' Rise - CryptoCoinsNews
Altcoin-Fiat Trading Rises, BitPanda Adds Dash-Euro Trading – CoinTelegraph
CoinTelegraph | Altcoin-Fiat Trading Rises, BitPanda Adds Dash-Euro Trading CoinTelegraph European cryptocurrency exchange BitPanda recently added Dash-fiat trading pairs as altcoin buying options outside of acquiring Bitcoin first continue to ... |
Here is the original post:
Altcoin-Fiat Trading Rises, BitPanda Adds Dash-Euro Trading - CoinTelegraph
Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles – CoinTelegraph
CoinTelegraph | Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles CoinTelegraph While the debate continues within the Bitcoin community, several altcoins have experienced a significant surge in overall value. Cryptocurrencies such as Dash and Ethereum have conquered new levels in price and market capitalization at a time that ... |
View post:
Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles - CoinTelegraph