Category Archives: Altcoin
Debunking the Top 3 Myths of the Crypto Industry – Altcoin Buzz
Alongside its rapid rise in popularity, the crypto industry has become a breeding ground for numerous myths and misconceptions. These myths often circulate in the media and are perpetuated by uninformed individuals, leading to confusion and skepticism among potential investors and enthusiasts.
In this article, we will explore and debunk the three most popular myths surrounding the crypto industry.
One of the most common myths surrounding cryptocurrencies is that they are a speculative bubble. That will inevitably burst, causing significant financial losses to investors. While it is true that the crypto market is highly volatile and experiences periodic price fluctuations. Labeling the entire industry as a bubble is a gross oversimplification.
Bitcoin experienced an astronomical surge in value during the 2017 bull run. Reaching an all-time high of nearly $20,000. However, by early 2018, its price crashed, losing around 80% of its value. Leading critics to label it a bubble. But since then, Bitcoin has gone through multiple cycles of price fluctuations and has proven its resilience. As of today, it has regained value and reached even greater heights. Demonstrating that it is not merely a short-lived speculative bubble.
The reality is that the crypto industry is still relatively young and continues to evolve. Making it difficult to predict its future trajectory with certainty. As the technology matures and regulatory frameworks become clearer. The market is expected to stabilize further, dispelling the notion of a crypto bubble.
Another prevalent myth surrounding cryptocurrencies is that they are primarily used by criminals for illegal activities. Such as money laundering, drug trafficking, and tax evasion. This myth stems from the pseudonymous nature of some cryptocurrencies. And early associations with illicit online marketplaces like the Silk Road.
The Silk Road, an infamous darknet marketplace, gained notoriety for facilitating illegal transactions. Using Bitcoin as a means of exchange. While this association was a significant concern in the early days of cryptocurrencies, the situation has changed dramatically. The vast majority of cryptocurrency transactions today are legitimate. Many well-established businesses accept cryptocurrencies as a form of payment.
Moreover, regulatory measures and increased surveillance have made it increasingly challenging for criminals. To exploit cryptocurrencies for illegal purposes. The adoption of blockchain analytics tools has significantly improved their ability to trace illicit transactions.
One of the most persistent myths surrounding cryptocurrencies is the belief that they lack intrinsic value. Critics argue that since cryptocurrencies are not backed by any physical assets or government guarantees. They are worthless and subject to wild fluctuations.
Bitcoin has faced repeated criticisms for its supposed lack of intrinsic value. However, what critics often overlook is the inherent value derived from its underlying blockchain technology. The technology that powers Bitcoin is a decentralized, immutable ledger with significant potential applications beyond currency.
Additionally, Bitcoin serves as a store of value, similar to gold, and acts as a hedge against economic uncertainty and inflation. These features give Bitcoin and other cryptocurrencies value that extends beyond their utility as a medium of exchange.
The crypto industry continues to evolve and challenge traditional financial norms. However, it is essential to separate fact from fiction when evaluating its potential. Cryptocurrencies are subject to volatility and have been associated with illicit activities in the past. They have also demonstrated their resilience and potential for long-term value.
By debunking these popular myths, we can gain a more accurate understanding of the crypto industrys possibilities and limitations. As with any investment or technological development, it is crucial to conduct thorough research and stay informed to make informed decisions.
For more cryptocurrency news, check out theAltcoin BuzzYouTube channel.
Our popularAltcoin Buzz Accessgroup generates tons of alpha for our subscribers. And for a limited time, its Free. Click the link and join the conversation today.
The rest is here:
Debunking the Top 3 Myths of the Crypto Industry - Altcoin Buzz
The State of the Crypto Market (H1-2023) Part 1 – Altcoin Buzz
Were well over half a year into 2023. Thats enough for CoinMarketCap to have a look back at the first six months of this year. This is Part 1 of our two-part series on this topic.
So, lets take a look at the state of the crypto market during the first half of 2023.
The CMC report starts with a crypto market overview. They kick this off with some positive news. At the end of Q2, theres a $1.17 trillion global market cap. Thats a year-to-date increase of 48%. However, Q2 was not as strong as Q1. They noted that Q1 had stronger market narratives. For example, thats when the Bitcoin price doubled.
Furthermore, we saw important narratives as L2s develop. For instance, Arbitrum or ZKSync. On the NFT front, we saw the Blur token issue. This signaled a strong interest in NFTs. During Q2, we saw meme coins and BRC-20 tokens rise to the occasion. However, they didnt generate the same excitement levels as we saw during Q1.
Another interesting development was with the crypto Fear and Greed index. The year started with Fear, measured at 30. However, towards the end of Q2, this index stood at 52, which is neutral. So, in general, the market sentiment improved during the first six months of 2023.
Lets take a look at the top 20 crypto exchanges. They saw a peak in March in their Spot trading volume. Thereafter, it inclined by 26% quarter-to-quarter. So, by the end of Q2, it was down to $523 billion per month and almost stagnant.
There were also some growing sectors. Especially the VR/AR narrative stood out. This sector increased by 704%. AI and Big Data came in second with a 323% growth. We also saw blue-chip NFTs and Infrastructure projects with a comeback. See the picture below. For example:
We also saw 260 new meme coins listed. That was the most in all sectors. AI & Big Data ranked as #2 by adding 61 coins. DeFi added another 47 new tokens.
Here are some prices and key events for Bitcoin. For example:
The highlights for Ethereum are, for instance:
See the picture below for the major Ethereum events.
To understand crypto markets, CMC starts with the most popular sectors and coins. For instance,
See the picture below to find the top coins in the most viewed sectors.
This is Part 1 of a 2-part series about the state of the crypto market in Q1 and Q2, 2023. We looked at the crypto market overview, and major events for Bitcoin and Ethereum. Understanding crypto markets is also part of this. In Part 2 we elaborate further on this topic.
For more cryptocurrency news, check out theAltcoin BuzzYouTube channel.
Our popularAltcoin Buzz Accessgroup generates tons of alpha for our subscribers. And for a limited time, its Free. Click the link and join the conversation today.
Go here to read the rest:
The State of the Crypto Market (H1-2023) Part 1 - Altcoin Buzz
3 Smallcap Altcoins Ready To Explode In The Bull Bun – Altcoin Buzz
With the cryptocurrency market experiencing a resurgence, investors are again seeking opportunities to capitalize on the next significant bull run. However, given the vast array of digital assets available, identifying hidden gems with the potential for explosive growth can be daunting.
But we got your back! To assist you in your research, we have compiled a list of five smallcap altcoins that show promise for a significant breakout. Lets dive in!
Clearpool is a novel decentralized capital market that helps institutional borrowers access uncollateralized DeFi loans. Built on the Ethereum and Polygon blockchains, Clearpool introduces a dynamic credit market for accessing unsecured liquidity.
At its core, $CPOOL, its native token, serves as the utility and governance token for the Clearpool protocol. Token holders can actively engage with the ecosystem by staking them. Participating in borrower and community staking, and earning rewards in return.
Furthermore, $CPOOL holders have the power to vote on key protocol decisions, including the whitelisting of borrowers eligible for $CPOOL rewards. Additionally, CPOOL tokens are obtained as LP tokens when providing liquidity to a borrower pool.
Price: $0.0228
Market Cap: $9,200,045
Circulating Supply: 403,976,337
Total Supply: 1,000,000,000
Max Supply: 1,000,000,000
CEXs from where you can buy $CPOOL are:
And DEXs are:
Clearpool has attracted prominent borrowers, including notable institutions such as FBG Capital, Amber, Jane Street, Auros, Wintermute, and Folkvang. According toClearpools loan dashboarddata, approximately $408 million of stablecoin loans originated on the Ethereum and Polygon blockchains through the platform.
Clearpools innovative blockchain implementation has the potential to greatly improve the existing financial ecosystem and drive the momentum toward decentralization, even in a sector that has traditionally resisted it.
Oraichain, a groundbreaking data oracle platform, aggregates and connects smart contracts with AI APIs. It holds the reputation of being the worlds first AI-powered data oracle. The platform introduces six key areas and features: AI Oracle, AI Marketplace, AI Ecosystem, Staking & Earning, Test Cases, and Orai DAO.
The native token of Oraichain is $ORAI, an ERC20 token in Ethereum and a BEP-20 token in BSC. $ORAI fuels the decentralized oracle network, where validators stake the token to partake in block creation and respond to data requests.
Moreover, token holders actively engage in platform governance through voting. When using the Oraichain network, $ORAI is a transaction fee for AI requests, paid by validators, test case providers, request executors, and AI-API providers.
Price: $2.14
Market Cap: $12,039,051
Circulating Supply: 5,615,988
Total Supply: 19,779,269
Max Supply: 19,779,269
CEXs from where you can buy $ORAI are:
And DEXs are:
In December 2020, the team modified the tokenomics by burning 73% of the total ORAI token supply. This strategic move flattened the emission schedule until 2027, safeguarding against sudden supply shocks and reducing inflation during the early stages of the project.
As the DeFi economy grows, the demand for Oraichain will likely increase, especially in a niche not addressed by crowdsourced projects like yEarn Finance. The platforms unique approach sets it apart from industry leader Chainlink, positioning Oraichain as a valuable player in the data oracle sector.
Polkadex Orderbook is an exceptional non-custodial peer-to-peer trading platform that seamlessly combines the advantages of both centralized and decentralized exchanges. Doing so addresses issues commonly associated with traditional DEXes, such as front-running, arbitrage, price slippage, and high transaction fees.
At the heart of the Polkadex platform is its native token, PDEX, which serves multiple purposes. Users can participate in Polkadex IDOs, pay transaction fees, and enjoy fee discounts when used for trading. Additionally, $PDEX empowers users to engage in on-chain governance, become validators for earning additional tokens through staking, and nominate validators and collators of the network.
Governance within the Polkadex network follows the model of the Polkadot network, relying on votes and their respective weights. Like Polkadot, 50% of the circulating supply of $PDEX remains staked at all times, enhancing the networks security and decentralization. So, the platform offers a wide array of features and trading tools, including order books, swaps, custom bots, and cross-chain trades, catering to the diverse needs of investors.
Polkadex Network is not merely a DEX but a Substrate-based application-specific blockchain hosting multiple components, such as Polkadex Orderbook, Polkapool, and Polkadex IDO. Its diverse offerings make it an all-encompassing platform for traders and investors alike.
Price: $0.9566
Market Cap: $7,209,712
Circulating Supply: 7,460,000
Total Supply: 7,460,000
Max Supply: 20,000,000
Users can buy $PDEX on many popular CEXS like:
You can also buy $PDEX on DEXs like:
Undoubtedly, Polkadex is steadily approaching its goal of democratizing access to DeFi for a wide range of users, including novice and professional crypto traders, institutions, and blockchain project teams.
Given the highly speculative nature of the cryptocurrency market and its rapid price fluctuations, thorough DYOR is crucial! The five tokens discussed in this article demonstrate solid fundamentals and have the potential to experience significant growth during the upcoming bull run.
Disclaimer: The information provided in this article is for informational purposes only, and readers should not consider it as financial advice.
For more cryptocurrency news, check out theAltcoin BuzzYouTube channel.
Our popularAltcoin Buzz Accessgroup generates tons of alpha for our subscribers. And for a limited time, its Free. Click the link and join the conversation today.
Read more here:
3 Smallcap Altcoins Ready To Explode In The Bull Bun - Altcoin Buzz
Borroe Finance: New AI Crypto Gem Eyes 100x Gains and … – Analytics Insight
Borroe Finance, the promising AI-powered blockchain platform, is gaining momentum, and its aspirations are nothing short of stellar. As the crypto market continues to flourish, Borroe Finance has caught the eye of investors seeking the best crypto to invest in now for potential 100x gains.
With its groundbreaking features and community-driven approach, Borroe Finance is poised to challenge and disrupt established altcoin giants like Chainlink (LINK) and Solana (SOL). Lets explore the impressive features of Borroe Finance and the excitement surrounding its presale as investors rush to secure a piece of this AI-driven revolution.
Borroe Finance is a visionary platform that marries the power of artificial intelligence with the innovation of blockchain technology. It represents a paradigm shift in the crypto landscape, providing a safe and efficient fundraising ecosystem that leverages AI-powered risk assessment and streamlined payment solutions.
At the heart of Borroe Finance lies its emphasis on creating a truly peer-to-peer environment, enabling buyers to directly sell and trade future recurring revenue NFTs on secondary markets. The allure of Borroe Finance lies in its community-centric approach, which encourages active participation from both sellers and buyers.
Sellers have the unique opportunity to offer large discounts and incentives to attract funding from the community, creating an engaging and dynamic marketplace. This level of transparency and engagement resonates with investors, positioning Borroe Finance as one of the top crypto coins to watch closely in the current market landscape.
AI-Powered Risk Assessment: The integration of artificial intelligence in the risk assessment process sets Borroe Finance apart from its competitors. This advanced technology provides unparalleled accuracy in evaluating investment opportunities, empowering investors to make informed decisions and reducing potential risks.
Streamlined Payment Solutions: Borroe Finances streamlined payment solutions ensure seamless and secure transactions for all participants. The efficient payment system minimizes transactional friction, enhancing the overall user experience and attracting investors seeking a hassle-free investment process.
Future Recurring Revenue NFTs: The platforms emphasis on future recurring revenue NFTs opens up new opportunities for investors to participate in various projects and ventures. These NFTs grant investors access to a share of the sellers anticipated revenue over time, offering potential long-term gains.
Community-Driven Ecosystem: Borroe Finance thrives on the active participation of its community members. The direct peer-to-peer trading of NFTs fosters trust, collaboration, and inclusivity, creating a strong sense of ownership and responsibility among investors.
Buy $ROE Presale
As Borroe Finance prepares to launch its presale, the crypto community is abuzz with excitement and anticipation. The platforms unique value proposition and innovative features have captured the imagination of investors, prompting many to consider Borroe Finance as the best crypto to buy today for long-term growth.
The presale launch presents an exclusive opportunity for early adopters to secure their stake in this AI-driven gem.
With the potential for 100x gains, the presale is witnessing a significant influx of interest, attracting both retail investors and institutional players. The limited supply of tokens available during the presale phase further intensifies the bullish sentiment, creating a sense of urgency among investors eager to secure their positions.
Moreover, Borroe Finances transparent and community-focused approach has garnered a loyal and enthusiastic community of supporters. This growing community serves as a driving force behind the presale craze, as investors recognize the potential for mutual growth and success within the Borroe Finance ecosystem.
In the vast sea of cryptocurrencies, Borroe Finance shines as a promising AI crypto, disrupting the market with its innovative features and community-driven ethos. As investors seek the best crypto to invest in now for the potential of 100x gains, Borroe Finance presents an enticing opportunity for those keen on participating in an AI-powered revolution.
With AI-driven risk assessment, streamlined payment solutions, and future recurring revenue NFTs, Borroe Finance is poised to challenge established altcoin giants like Chainlink (LINK) and Solana (SOL). As the presale gains momentum, investors continue to flock to Borroe Finance, eager to secure their place in this exciting new chapter of the crypto universe.
Buy Presale: https://borroe.finance/
Website: https://borroe.finance/
Telegram: https://t.me/borroe_finance
Twitter: https://twitter.com/Borroe_Finance
Originally posted here:
Borroe Finance: New AI Crypto Gem Eyes 100x Gains and ... - Analytics Insight
Top Venture Capital Firm Reveals Its Number One Altcoin Pick for This Bull Cycle, Says Nows the Time to Get Involved – The Daily Hodl
A prominent venture capital firm is revealing which altcoin its focusing on during the next bull cycle, saying that the time has come for it to position itself.
In a new interview on the Unchained Podcast, Chris Burniske, partner at Placeholder VC, tells host Laura Shin that much like they did with Ethereum (ETH) in 2018-2019, they are now focusing on accumulating and supporting Solana (SOL).
According to Burniske, investors critical of SOL due to last years FTX debacle can now be glad that many questionable projects built on top of Solana have been purged from its ecosystem.
We [invested in] Ethereum in 2018-19, and it worked out for us, and were doing the same thing with SOL in this bear market. Centralization was a point of focus for us, weve been in crypto for a long time, we want the benefits of these systems to be maximally distributed and I think our view is [that] last year was a majorly redistributing event for Solana.
If you hated Solana because of FTX or because of Sam [Bankman-Fried] or because of some of the low-float shenanigans, which I agree were deplorable, around some of the tokens launched on top of Solana, then you should be happy that those things got washed out, or that those predatory tokens are basically now irrelevant or down 99.9 %.
Burniske, a former ARK Invest analyst, says that even though the firm blossomed from investing in Bitcoin (BTC) and ETH, its now looking to support other ecosystems growth, including Solana, which he says has merit as a blockchain, both for users and developers.
Id say we grew up, we cut our teeth on Bitcoin and crypto, and we grew up with Ethereum. I would say that Ethereum [is] still has a very core place in our beings, but we also want to help support other ecosystems of merit that have differentiated approaches that we see as appealing to differentiated developers that will build products that bring in different types of users, and so to us, Solana has merit in that regard.
Solana is trading for $24.90 at time of writing, a 7.2% increase during the last 24 hours.
I
Featured Image: Shutterstock/Shacil/WhiteBarbie
Analyst Predicts Double-Digit Dogecoin Rally, Sets Targets for Top Performer Altcoin Thats Up 70% in a Month – The Daily Hodl
A widely followed crypto trader is predicting that Dogecoin (DOGE) has more room to run as he updates his outlook on one red-hot altcoin.
Pseudonymous trader Altcoin Sherpa tells his 196,300 Twitter followers that Dogecoin will likely increase by about 20% in the near term from its current value of $0.077.
DOGE: One of the few alts that looks pretty strong overall. I dont know which levels will be significant to the left, wouldnt be surprised to see this continue grinding as high as $0.09 in the short term.
Sherpa says that he is closely watching Dogecoin for a buying opportunity and that the next clear support/resistance level (S/R) to the downside is the 200-day exponential moving average (EMA) at $0.075.
DOGE: Looking for $0.075 as an entry is something Im eyeing. 200-day EMA and an S/R level.
Also on the traders radar is Maker (MKR), decentralized finance (DeFi) protocol that uses smart contracts to power stablecoin-based loans. He is keeping an eye on four key price levels where he believes the token will chop around for a while: $1,299 $1,150, $963 and $819.
MKR: This one underperformed everything but is one of the strongest coins the last several weeks. I keep saying Ill buy a dip but havent, this one is a top performer.
Maker is trading for $1,141 at time of writing, up from a low of $676 on June 28th, a 69% increase.
The trader also weighs in on Bitcoin (BTC).
He says the king cryptos price action is retesting the 200-day exponential moving average (EMA). If Bitcoin breaks the 200-day EMA, the trader predicts a rally to the $30,400 level. If it is rejected, the trader predicts Bitcoin will collapse to $27,800.
BTC: decision time soon wouldnt be buying here personally, would rather wait for a reclaim of the range low first. Not feeling comfortable until we see BTC over $30,000.
Bitcoin is trading for $29,225 at time of writing, down 0.9% during the last 24 hours.
Lastly, the trader says thatblockchain oracle Chainlink (LINK) is liking going to revisit the lower end of its enduring price range with an upper bound of $9.33 and a lower bound of $5.33. He predicts a dip from its current level of $7.98 to at least $6.50.
LINK: This one hasnt budged much, to be honest. Would still just be patient on it and bid $6.50 or lower. Actually, not a bad spot to bid here either, its the EQ of the range. Depends on your strategy.
Generated Image: Midjourney
Continued here:
Analyst Predicts Double-Digit Dogecoin Rally, Sets Targets for Top Performer Altcoin Thats Up 70% in a Month - The Daily Hodl
Ethereum Whale is Heading to This Altcoin Here’s Why – The VR Soldier
A remarkable paradigm shift is underway in the world of cryptocurrency. Ethereum investors, once bound to the confines of their digital haven, are now embarking on a captivating journey towards a new frontier VC Spectra (SPCT). But what beckons them towards this enigmatic horizon? Stay tuned to find out!
>>BUY SPCT TOKENS NOW<<
Ethereums (ETH) price skyrocketed by 6.2% in the past week, from $1,886 to $2,003. Analysts indicate Ethereums (ETH) upward momentum was sparked by the bullish rally of XRP, fueled by its legal win against the SEC.
Unfortunately, Ethereums (ETH) upward trajectory was short-lived, as increased volatility and price correction led to a drop below the crucial $2000 threshold. Ethereum (ETH) plunged further by 5.3% in the past 24 hours, from $1,941 to $1,838.
On the other hand, Ethereum (ETH) has partnered with various networks to broaden its capabilities. For instance, CLabs proposes shifting from an independent layer-1 blockchain to an Ethereum layer-2 solution for the Celo ecosystem. Experts say this transition would enable efficient liquidity sharing between Celo and Ethereum (ETH) blockchains.
As Ethereum (ETH) bolsters its ecosystem, analysts predict Ethereums (ETH) price can spike by 8.5% in the coming weeks, from $1,838 to $1,984.
Despite being a relatively new entrant in the market, VC Spectra (SPCT) has managed to attract significant investor interest. As a decentralized hedge fund, VC Spectra (SPCT) employs a meticulous selection process to identify promising investment opportunities within the blockchain space.
With its commitment to sustainability, VC Spectra (SPCT) harnesses AI to execute profitable trading decisions. The platform grants investors exclusive access to pre-ICOs and rewards them with buybacks and quarterly dividends tied to investment performance.
Moreover, VC Spectras native token (SPCT) is a BRC-20 standard token that facilitates asset management, exchange, and decentralized trading on the Spectra platform. SPCT leverages the Bitcoin blockchain and adopts a deflationary model, incorporating a burn mechanism that diminishes token circulation over time.
Stage 2 of VC Spectras (SPCT) public presale sees the token priced at $0.011, boasting a 37.5% climb from its initial $0.008 price. Early buyers can relish a remarkable 900% surge in value, while current investors can still enjoy a substantial 627% return on investment (ROI). Utilize the provided links to make the most of the presale and get a fantastic 25% bonus on any deposit you make.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
View original post here:
Ethereum Whale is Heading to This Altcoin Here's Why - The VR Soldier
PancakeSwap And Google Cloud Join Forces: Altcoin Price Rises – NewsBTC
PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure.
As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries.
Moreover, PancakeSwap leverages Google Kubernetes Engine to scale its nodes quickly and accurately predict traffic spikes with the help of the PreditKube solution from Dysnix.
Dysnixs PreditKube solution helped PancakeSwap accurately predict traffic spikes and automate the up-and-down scaling of blockchain nodes ahead of time to manage the anticipated traffic surge. This approach ensured that PancakeSwaps infrastructure could handle a fluctuating number of requests with high scalability, maintaining an uptime of 99.99%.
Dysnix says their PreditKube solution accurately predicts more than 90% of traffic spikes on PancakeSwap. By automating the up-and-down scaling of nodes, PancakeSwap managed the anticipated traffic surge and reduced its infrastructure costs by more than 30%.
One of the critical challenges for any trading platform is ensuring the security of smart contracts. PancakeSwap works with various audit firms to identify potential loopholes and leverages Cloud Armor to filter sensitive data.
With its smart contracts secured, PancakeSwap aims to expand its services by adding more chains and exploring non-fungible tokens (NFTs).
Moreover, to improve users trading experience, PancakeSwap plans to leverage BigQuery to manage and analyze historical blockchain data. By simplifying complex data, PancakeSwap aims to make blockchain trading accessible to everyone.
With Google Clouds fully managed services, PancakeSwaps engineers can focus on developing new features and improving the user experience rather than dealing with infrastructure issues. Chef Jojo, Technical Lead at PancakeSwap, stated:
At one point, we had more than one billion requests on the BNB Chain, but this is changing all the time due to the BNB network changes, among other variables. With Google Kubernetes Engine, we can quickly scale up when there are many requests.
PancakeSwaps native token, CAKE, has seen a 3.9% increase in value within the last 24 hours following the announcement of its partnership with Google Cloud.
Currently, CAKE is trading at $1.517 after being range-bound between $1.454 and $1.481 for the past four days. The partnership with Google Cloud has provided the much-needed momentum for CAKE to break out of this range and continue its upward trend.
However, CAKE is now facing a significant resistance level at $1.525, which has not been surpassed since July 6th.
On the other hand, PancakeSwaps market cap (circulating) is currently at $327.94 million, representing a decline of 1.10% in the past 24 hours. Meanwhile, its fully diluted market cap stands at $1.13 billion, representing a decline of 5.73%.
According to data from Token Terminal, PancakeSwaps revenue for the past 30 days is at $1.41 million, marking a decrease of 31.55% from the previous period. Similarly, its annualized revenue is $17.11 million, representing a decrease of 39.79%.
Furthermore, Token Terminal highlights that PancakeSwaps total value locked (TVL) is currently at $1.22 billion, representing a decline of 4.73% in the past 24 hours. On the other hand, the platforms trading volume (annualized) is at $48.50 billion, indicating a decrease of 25.66% from the previous period.
Data also shows that PancakeSwaps P/S ratio (fully diluted) is at 64.25x, representing an increase of 38.0%. Meanwhile, its P/F ratio (fully diluted) stands at 21.71x, indicating an increase of 38.8%.
Featured image from Unsplash, chart from TradingView.com
Original post:
PancakeSwap And Google Cloud Join Forces: Altcoin Price Rises - NewsBTC
Altcoins to Watch in 2023: Solana, Stacks and Tradecurve | Mint – Mint
The crypto market has begun making its recovery phase after a prolonged period of a bearish run, where a variety of different cryptocurrencies have begun surfing, supplying investors and traders with amplified investment opportunities and promising solid ROI.
The crypto market has begun making its recovery phase after a prolonged period of a bearish run, where a variety of different cryptocurrencies have begun surfing, supplying investors and traders with amplified investment opportunities and promising solid ROI.
Out of them, Tradecurve (TCRV), Solana (SOL), and Stacks (STX) have stood out the most as viable options that can provide a lot of value, and today, we will go over each altcoin in-depth to see which one will make the best addition to anyone's portfolio.
Out of them, Tradecurve (TCRV), Solana (SOL), and Stacks (STX) have stood out the most as viable options that can provide a lot of value, and today, we will go over each altcoin in-depth to see which one will make the best addition to anyone's portfolio.
Subscribe to Continue Reading
Solana (SOL) has showcased impressive performance during the past two weeks, and as of July 6, 2023, trades at $19.56. During the past week, Solana (SOL) saw its low point of value at $17.50, with its high point at $20.22.
During the past two weeks, Solana (SOL) saw its value increase by 14.5%, while in the last seven days alone, Solana (SOL) increased in value by 8.9%. This Solana (SOL) performance has impressed a lot of investors. However, it is not the only altcoin to surge.
Stacks (STX) is another cryptocurrency that gained a significant level of attention from investors and traders. As of July 6, 2023, Stacks (STX) traded at $0.664939. During the past week, Stacks (STX) had its low point at $0.663434, with its high point at $0.753437.
Within the last month, the overall climb experienced by Stacks (STX) was at 21.6%, and it has a yearly increase of 70.1%. With this in mind, it's clear why investors have an interest in Stacks (STX). However, another altcoin has also surged significantly.
Alongside Solana (SOL) and Stacks (STX), another cryptocurrency that gained a significant level of attention and remained bullish even during a bearish market trend is Tradecurve (TCRV), with a climb in the value of 80%.
In the last 30 days, Tradecurve (TCRV) reached a high point of $0.018, and its undergoing Stage 4 of its presale, with an expected surge of 40% price surge this week. This makes it one of the best-performing digital assets so far and can provide significant ROI for investors who get into it early.
Tradecurve (TCRV) as an exchange is making a name for itself not only because of its remarkable market performance but as a hybrid exchange that competes against most major CEXs by introducing truly borderless access to numerous financial instruments, including CFDs, forex, stocks, options, ETFs and commodities, alongside cryptocurrencies. As a result, Tradecurve (TCRV) can tap into the over-the-counter derivatives market, which has a value of $632 trillion.
According to analysts, when Tradecurve (TCRV) gets listed on Tier-1 exchanges and on Uniswap, it can surge in value by 100X. Furthermore, the team will introduce PoR and will work on the Beta Development of an iOS and Android Trading App, making Tradecurve (TCRV) a lot more accessible and, as a result, increasing demand for the token.
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
Originally posted here:
Altcoins to Watch in 2023: Solana, Stacks and Tradecurve | Mint - Mint
Crypto Twitter influencers see altcoin season on the horizon; 3 coins to buy – Finbold – Finance in Bold
The general cryptocurrency market, led by Bitcoin (BTC), has recently consolidated after receiving a boost from increased institutional interest. Notably, with Bitcoin comfortably establishing itself above the $30,000 mark, attention has shifted to altcoins and their potential to attract capital inflow and challenge Bitcoins dominance.
In this regard, several cryptocurrency analysts have suggested that technical indicators point to an imminent altcoin breakout. For instance, on July 9, pseudonymous crypto analyst Moustache, also known as el_crypto_prof, tweeted that altcoins currently have significant send potential. The analyst pointed out that the current market state resembles the previous cycle.
According to the analysis, the current altcoin market cap has retested the values that acted as an anchor during the 2021 bull run.
Altcoins have absolute send potential, if you ask me. The similarities to the last cycle are impressive, arent they? the analyst said.
Similarly, another analyst with the pseudonymous CryptoFaibik suggested that an altcoin rally is incoming based on historical Bitcoin crypto market cap dominance. In this case, the analysis suggested that the dominance is likely shrinking, indicating investors are putting money in altcoins.
The meme coin has maintained a steady position, showing resilience in the face of a stagnant valuation, in line with the overall market trends. However, there was a notable event for Dogecoin (DOGE) in recent weeks as it experienced a brief surge, surpassing the $0.07 milestone for the first time in four weeks. This surge came on the heels of the largest shorting of the digital asset witnessed in 2023.
Despite this positive development, discussions and general interest surrounding DOGE have remained relatively low. Santiment, a crypto and blockchain analytics platform, reported this on July 4.
Considering the past instances where Dogecoin garnered increased interest leading to significant rallies in 2021, investors hope to leverage factors such as enhanced network development to propel DOGE to new highs in the event of altcoin season.
Additionally, a recent report by Finbold highlighted that PricePredictions, a crypto tracking and analytics platform, has utilized advanced machine learning algorithms to project a price of $0.067428 for Dogecoin by July 31, 2023. By press time, DOGE was trading at $0.065, representing weekly losses of over 2%.
In recent weeks, Litecoin (LTC) has experienced a series of fluctuations in its price action, creating a mixture of ups and downs. Notably, the asset has been garnering attention in anticipation of the halving event, with LTC setting its sights on the crucial $100 resistance zone.
As the event draws near, there have been significant changes in the on-chain metrics of Litecoin, indicating the possibility of an upcoming rally. A noteworthy development is the consistent increase in the number of millionaire addresses for Litecoin, as reported by the on-chain crypto analysis platform, Santiment, in early July. This adds to the growing anticipation surrounding the halving event.
The 2023 Litecoin halving is set to reduce the block reward from 12.5 LTC to 6.25 LTC. Such scarcity-driven mechanisms often generate heightened investor interest and trigger substantial price movements.
Simultaneously, LTC demonstrates increased adoption in various use cases, particularly in payments. In particular, Litecoin surpassed Bitcoin in June to become the most utilized digital payment asset on BitPay.
Moreover, Litecoin has also embarked on important ventures into smart contracts through Ordinals Inscriptions on the protocol, marking a significant shift in its functionality.
By press time, Litecoin was trading at $96.74 with daily losses of about 1%, while on the weekly chart, LTC is down 12%.
Polygon (MATIC) faced a setback in value after the Securities Exchange Commission (SEC) classified the token as a security. Since then, the token has been striving to recover from the impact of this news.
Despite the setback caused by the SECs classification, MATIC relies on its strong fundamentals to regain its footing. In early July, for example, for the first time since the lawsuit, the price of Polygon broke above the crucial resistance level of $0.70.
While MATICs price has not yet fully recovered, the Polygon Network has witnessed an upsurge in user engagement throughout the week. For example, the number of MATIC daily active addresses (7 days) gradually increased from 1.3 million users on June 27 to 1.34 million active users as of July 6.
This surge in demand from Polygon users has positively impacted the MATIC price, maintaining a bullish outlook for most of the week. As of press time, MATIC was trading at $0.70, experiencing daily and weekly gains of 2% and 4%, respectively.
In general, the possibility of an altcoin rally will likely depend on other market conditions, such as Bitcoins price movement.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
See the original post here:
Crypto Twitter influencers see altcoin season on the horizon; 3 coins to buy - Finbold - Finance in Bold