Category Archives: Altcoin
Navigating Altcoin Waves: LDO and LTC in Crypto Analyst’s Spotlight – CryptoGlobe
Renowned crypto trader and analyst, operating under the pseudonym DonAlt, has recently shared his perspectives on two major altcoins, Lido DAO (LDO) and Litecoin (LTC), which he currently finds interesting due to various market factors.
He points to LDO, the native token of the liquid staking service Lido DAO, as a compelling choice for investors bullish on altcoins. Despite the token significantly retracing from its previous weeks high of $2.48, the strategist maintains that LDOs robust movements suggest a potential expression of bullishness in the altcoin domain. As of the time of writing, LDO was trading at $2.09, indicating a 1.79% decrease over the previous 24 hours.
Turning his attention to the well-known peer-to-peer payments network Litecoin (LTC), DonAlt discusses why this altcoin is intriguing despite broader market conditions. He attributes his interest to the upcoming halving event for LTC. In crypto parlance, a halving refers to reducing the reward for mining new blocks by half, an event typically pre-arranged in a cryptocurrencys code and expected to occur at regular intervals.
The analyst shares his thoughts on a possible re-entry into LTC, given that the halving event is approximately 80 days away. He explains that the time-bound nature of such events is what he finds appealing, particularly if the cryptocurrency has been showing strength in trading, as is the case with Litecoin. He cautions, however, that Litecoin may not be a worthwhile trade if it does not demonstrate significant movement within the next 10 to 30 days. At the time of publication of this article, LTC was trading at $91.32, marking a 1.16% drop in the last 24 hours.
As for Ethereum (ETH), the leading smart contract platform, DonAlt observes signs of resilience despite the cryptocurrency respecting the $2,000 level as resistance. He speculates that the longer Ethereum maintains its current sideways trajectory, the more favorable it might be for bullish traders. If Ethereum can hold steady without further significant drops over the next two weeks, he suggests that long-side trades could become an exciting prospect. Currently (as of 12:00 p.m. UTC on May 22), ETH is trading around $1,814, with a modest 0.23% increase for the day.
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Navigating Altcoin Waves: LDO and LTC in Crypto Analyst's Spotlight - CryptoGlobe
ANKR Price Prediction Can the altcoin rebound after March? – AMBCrypto News
Crypto-infrastructure provider Ankr has seen major investments and partnerships over the last few months. Hence, evaluating its utility token via an ANKR price prediction is crucial for gauging recent and potential price performance for long-term holders.
One of Ankrs products, the RPC (Remote Procedure Call) endpoint, saw massive investments from Binance Labs in 2022. In fact, it is powering several startups.
So, how has ANKR faired throughout Q1 and the first half of Q2? What should long-term holders expect in Q2? Lets find some answers from the daily charts.
Read Ankr [ANKR] Price Prediction 2023-24
On the daily chart, ANKR recorded mixed performances in Q1 2023. Between January and late February, ANKR rallied by over 250%, rising from $0.01535 on 1 January to $0.05750 on 21 February. The upswing saw it retest its August 2022 levels. However, it wavered towards the end of Q1.
Extrapolated to its quarterly performance, ANKR gave over 120% gains to investors in Q1 2023. The plunge in late February/early March followed Bitcoins [BTC] drop from $25k to $20k over the same period.
So far in Q2 2023, the price has remained below $0.04000, with considerable price rejection seen at $0.03830. Overall, a huge chunk of value gained in Q1 2023 has been cleared.
ANKRs price action plateaued around March lows of $0.02550. This level also lines up with a bullish order block (OB) and support zone of $0.02428 $0.02788 (cyan).
Using the Fibonacci retracement tool, placed between December/January lows and Q1 highs, there are two key support levels to watch out for if sellers extend their gains in the next coming days/weeks.
The first support level that could offer refuge for bulls lay at $0.02000 The November plunge following the FTX saga eased at this level. The second likely support is the December/January lows of $0.01500.
How much is 1,10,100 ANKRs worth today?
A retest of these supports could be feasible if sellers seek more gains and crack the prevailing support zone of 0.02428 $0.02788 (cyan).
Conversely, ANKR could see recovery if the bulls continue to defend the current support zone. If BTC reclaims upper price zones, $28k and $29k, ANKR could rally from the March lows and retest $0.03830 or close above it.
However, the 38.2% ($0.03098) and 50% ($0.03605) Fib levels are key obstacles to consider for such a likely uptrend.
Meanwhile, the RSI (Relative Strength Index) has stayed below a neutral level since the second half of April Highlighting limited demand for the tokens. However, CMF (Chaikin Money Flow) saw considerable fluctuations in the same period Capital inflows wavered.
Now that Q1 saw exemplary gains while Q2 seems on the edge unless BTC reverses recent losses, whats the current state of mid/long-term ANKR holders? Well, Santiments MVRV (Market Value to Realized Value) metric could offer some clues.
Some ANKR long-term holders took a market cut in late February. However, quarterly holders sustained about 19% losses as of press time, as shown by the negative 90-day MVRV.
Similarly, bi-annual holders were at a loss, sustaining about -10% as shown by 180-day MVRV. This shows that bi-annual holders sustained fewer losses than quarterly holders.
Is your portfolio green? Check out the ANKR Profit Calculator
Annual holders followed bi-annual holders closely, posting about 11% losses as of press time. Put differently, the bi-annual holders category performed better than quarterly and annual holders as of press time.
Nevertheless, each holder category must contend with prevailing short-term selling pressure. According to Coinalyze, the aggregated CVD (Cumulative Volume Delta) spot has tanked significantly since mid-April.
It reinforces a bearish sentiment as it shows sellers leverage, which could dent overall Q2 performance if the trend persists in the coming months.
Ankrs massive partnerships across web3 and crypto-space saw its utility token, ANKR, post over 120% gains in Q1. The impressive performance was also marked by favorable macro-conditions.
However, macro-headwinds have intensified in Q2, with BTC fluctuations hammering ANKRs price performance. If BTCs whipsawing persists, ANKR could post more losses towards the end of Q2.
Nevertheless, bi-annual ANKR holders seem to be weathering the selling pressure better than quarterly and annual holders.
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ANKR Price Prediction Can the altcoin rebound after March? - AMBCrypto News
Ran Neuner Goes To Dump His Altcoin Holdings In Favor Of Bitcoin – Blockzeit
In a surprising turn of events, prominent South African crypto influencer Ran Neuner has recently made a bold decision that has sent shockwaves through the cryptocurrency community. Convinced by Bitcoins growing potential and recent technical advances, he just revealed his decision to liquidate his altcoin holdings and shift his focus solely to the worlds oldest and most popular cryptocurrency. This strategic move reflects his belief in Bitcoins dominance in the upcoming bull market. Lets delve into the reasons behind Neuners choice and the implications it may have for the crypto landscape.
Neuner, the host of Crypto Banter and CEO of Onchain Capital, anticipates a future riddled with economic collapses and escalating geopolitical tensions. He believes that in such uncertain times, investors will seek refuge in secure assets.
Drawing a parallel with traditional safe-haven gold, Neuner argues that Bitcoin is poised to surpass it as a preferred store of value. The recent surge in gold prices suggests that investors are already bracing themselves for potential governmental missteps.
While gold has long been regarded as a safe haven, Neuner highlights a crucial limitation: its lack of on-chain verifiability. Governments and central banks may claim to possess substantial gold reserves, but without concrete on-chain proof, these claims remain unverifiable.
The crypto investor theorizes that a government or central bank mishap involving gold could trigger a significant shift in investor behavior, leading them to flock to Bitcoin, which offers the advantage of being verifiable on-chain.
Beyond Bitcoins appeal as a safe haven, Neuner is enthralled by its recent evolution and technical advancements. He specifically points to the launch of Ordinals, which has enhanced Bitcoins functionality, making it a strong competitor to Ethereum.
The ability to issue tokens, run smart contracts, and the introduction of a Bitcoin virtual machine has revolutionized the crypto landscape. Neuner sees immense potential in the infrastructure being built around Bitcoin, making it a more promising investment prospect compared to smaller altcoins.
While Neuners decision to focus solely on Bitcoin is fueled by optimism, he acknowledges the challenges that lie ahead. Scalability remains a crucial concern for Bitcoin, and addressing it will be vital for the cryptocurrencys sustained growth.
Nonetheless, the crypto analyst advises investors to accumulate dry powder or investable cash in preparation for the impending revolution. He cautions against waiting, as other token prices might decline while Bitcoin and its associated tokens experience a surge. Neuners advice is clear: embrace Bitcoin and its burgeoning ecosystem now to maximize the potential benefits.
The paradigm shift of Ran Neuner from altcoins to Bitcoin underscores the rapidly changing dynamics in the crypto market. Motivated by Bitcoins verifiability, its evolution as a competitor to Ethereum, and the robust infrastructure being built around it, Neuner sees a bright future for the leading cryptocurrency. While challenges remain, Neuners decision resonates with a growing sentiment that Bitcoin is positioned to dominate the narrative of the next bull market.
As investors witness this shift, the crypto landscape is poised for further transformation, with Bitcoin at the forefront of this exciting revolution.
Giancarlo is an economist and researcher by profession. Prior to his addition to Blockzeits dynamic team, he was handling several crypto projects for both the government and private sectors as a Project Manager for a consultancy firm.
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Ran Neuner Goes To Dump His Altcoin Holdings In Favor Of Bitcoin - Blockzeit
Litecoin Surpasses $90, But This Level Remains Crucial For The Altcoin – NewsBTC
Despite the prevailing selling pressure in the cryptocurrency market, Litecoin has emerged as a standout performer. While the past 24 hours have not witnessed significant movement in the LTC price, the weekly chart reveals an appreciation of nearly 4%.
A significant breakthrough occurred as Litecoin surpassed the crucial $90 price level, signaling a positive shift in its price. Technical analysis suggests that the bulls hold sway over the price action, with demand and accumulation indicators displaying positive signals on the daily chart.
Most altcoins, including Litecoin, have exhibited similar price patterns influenced by the fluctuations of Bitcoin. Therefore, sustaining the LTC price above the $90 mark will depend on the overall strength of the broader market. Should Bitcoin reclaim the $27,000 zone, it could pave the way for Litecoin to overcome its significant overhead resistance in subsequent trading sessions.
While buyers of LTC currently maintain a favorable position, it is important to note that a slight push from the bears could potentially drive the price below $90, prompting bearish activity. However, the increased market capitalization of Litecoin in the recent session suggests that buyers are currently in control.
At the time of writing, Litecoin (LTC) was valued at $91.02. The altcoins successful move above the $90 threshold has strengthened the bulls, who are now pushing prices even higher.
However, a formidable barrier stands at $92.8. Surmounting this resistance level could potentially propel LTC toward the $97 mark.
Conversely, declining the current price level would push the altcoin below $90. Should this occur, support might be found at around $86. The recent sessions trading volume of LTC was positive (green), indicating a growing demand for the coin.
Buyers have displayed consistent confidence in Litecoin (LTC) as the assets price has improved. This positive sentiment is reflected in the Relative Strength Index (RSI), positioned above the half-line and just below the 60 mark.
This indicates more buyers than sellers, reinforcing the optimistic outlook. Moreover, LTCs price remains above the 20-Simple Moving Average (SMA) line, indicating that buyers are driving the markets momentum.
Additionally, LTC has managed to stay above the 50-SMA (yellow) and the 200-SMA (green) lines, pointing towards increased demand for the asset.
Litecoin (LTC) demonstrated buy signals alongside other technical indicators, suggesting favorable market conditions. The Moving Average Convergence Divergence (MACD) revealed the formation of green signal bars, indicating positive momentum and a bullish trend.
Furthermore, the Bollinger Bands, a volatility indicator, displayed wide bands, indicating increased price volatility and fluctuation. This implies that LTC is unlikely to trade within a narrow price range, as there is potential for significant price swings.
Featured Image From UnSplash, Charts From TradingView.com
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Litecoin Surpasses $90, But This Level Remains Crucial For The Altcoin - NewsBTC
The Influence of Microstrategy in Bitcoin Part 2 – Altcoin Buzz
In part one of this two-part article series, we explored what Microstrategy is. Aside from that, we also delved into its $BTC coffers, and why it continues to fill said coffers. Today, were diving deeper into the rabbit hole.
Well be looking at where MicroStrategy stores its $BTC, among other related topics.
Simply put, where is that huge stack of $BTC being stored? Back in 2022, rumors arose that all of the companys $BTC was held in 2 addresses. However, we can disprove this quickly. Indeed, we can just copy both addresses and paste them over to a block explorer, like Blockstream. Lo and behold! As of today, both addresses hold a sum of less than 0.03 $BTC. Thats less than USD $800!
So, we can safely conclude that these 2 wallets arent holding the companys treasure chest. Both of these could have been old and used wallets. But they arent in use now. As of April 5th, 2023, the company holds a total of 140,000 $BTC. But where exactly? No one, except probably Michael Saylor, knows.
Yet, what we do know is that the company takes the security of its $BTC storage very seriously. I mean like, who wouldnt? Its only $4.17 billion dollars, right? We know the team is using multiple custodians to hold its $BTC. But, we just dont know who they are.
Next, you could be wondering: Is $MSTR a good investment?. Before we move on, we would just like to state some facts. First, were not financial consultants. Second, we do not offer investment advice. Only just educational information.
Another point to note. $MSTR is NOT a cryptocurrency. Its a share of stock in a company. So, you cant buy it on Binance or Kucoin, like how you buy $BTC. Once youve digested that, lets take a brief look at Microstrategys stock ($MSTR).
Usually, for stocks, you need to Do Your Own Research (DYOR) before you hit the buy button. The same goes for cryptos as well. But, for stocks, youll have to look at the companys financial performance. Refer to the screenshot below, which represents Microstrategys net income for the past 5 years. Note that the left shows data for the year 2018 and the right for the year 2022.
From the above, you can see that the net income has been dropping. It hasnt been a good past 3 years for the company.
On top of that, the company isnt doing too well in managing its debt. To make matters worse, it hints at selling $BTC to cover its debt payments too. If its software analytics business cannot cover its debt, it raises questions about the sustainability of its business.
Of course, the above are just 2 points relating to $MSTR. In stock analysis, youve got to do your own research (DYOR) more than just that. This is to arrive at a reasonable conclusion before buying the stock. But, such research is too wide to be covered in the scope of this article.
Just as Michael Saylor is bullish on $BTC, he appreciates $BTC mining too. Indeed, he feels that its a profitable use of energy. Thats a debatable point amongst many, especially among environmentalists. But, thats a discussion for another day. What we can agree with Saylor is this: Bitcoins Proof-of-Work (PoW) consensus has proved to be a viable economic model.
Lets get to the main point. Does Saylor or his business mine $BTC? In short, as far as we know, the answers no. Or, we dont know if they do. But, this does not diminish Saylors influence on the Bitcoin and crypto space.
Weve come to the end of our two-part article series on Microstrategy. To keep tabs on its developments, follow its Twitter account here. You should also follow Saylor on his Twitter here too. He does tweet quite often, and his influence on Bitcoin is undeniable.
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The Influence of Microstrategy in Bitcoin Part 2 - Altcoin Buzz
Ethereum and This Altcoin on the Verge of a Massive Rally if ETH … – Crypto News Flash
According to Credible, a crypto analyst who goes by a pseudonym and has a Twitter following of over 340K, he told his followers via a tweet that Ethereum (ETH) and other alternative cryptocurrencies are expected to experience a significant surge. Ethereum may reach $2,000, according to Credible, before it corrects and settles at about $1,500.
Even though Credible is presently bullish on ETH, he predicts that the leading altcoin will likely experience a substantial drop after reaching his goal. Credible claims that his perspective on Ethereum matches his perspective on the larger altcoin markets. According to the traders chart, Ethereum will likely skyrocket to over $2,000 before correcting to approximately $1,500.
Source: Credible crypto on Twitter
As of the time of writing, Ethereum is currently trading at $1,806.58. The coin is currently down at 0.35%. It is worth noting that Investors have been facing challenges due to the Ethereum networks high gas fees and a deteriorating regulatory environment for cryptocurrencies, causing Ethers price to struggle to maintain its support level of $1,800 since May 12.
Ethereum is struggling to keep up with other cryptocurrencies, with a decline of almost -1.84% in the past seven days. Although the coin has had strong fundamentals in the past few days, it may not be a profitable asset for short-term investments.
Over the last month, the value of ETH has decreased by -14.947%, resulting in an average loss of $317.48. This recent drop indicates that the coin is dipped, which could present a good buying opportunity for quick investments.
However, the price of Ethereum has increased over the past four months. As a result, we believe that similar market segments were viral at the time. The most recent data indicates that the volume of trade has grown since four months ago. The trading volume plays a crucial effect on the price of the item.
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The currency had increased in value by 30.77% over the past four months when its maximum average price was approximately $1,232.63 and its lowest average price was roughly $1,202.88.
The short-term Moving Averages (5, 10, 20, and 50 periods) suggest a sell trend, while the long-term Moving Averages (100 and 200 periods) indicate a buy trend.
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The majority of the indicators, such as RSI, STOCH, MACD, Williams %R, CCI, ROC, and Bull/Bear Power, signal a sell action. Moreover, the STOCHRSI(14) is in oversold territory. The ATR(14) indicates reduced market volatility, while ADX(14) suggests a neutral market.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
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Ethereum and This Altcoin on the Verge of a Massive Rally if ETH ... - Crypto News Flash
Surging Bitcoin Dominance Threatens Altcoins: Investors On High Alert! – Coinpedia Fintech News
The Bitcoin market experienced surge in accumulation as institutional investors continue to acquire more coins, bolstering both short-term and long-term holdings. This trend has been accelerated by the recent banking crisis in the United States and other countries, prompting prominent entities like MicroStrategy Inc., Tether USDT, and Tesla Inc. to increase their Bitcoin acquisition rates. Tesla, led by Elon Musk, has notably held onto its substantial Bitcoin holdings of approximately $184 million over the past two quarters.
Amidst this rising institutional demand, the market anticipates the upcoming fourth Bitcoin halving, scheduled for around April 27, 2024. Historically, Bitcoin halving events have triggered significant bull markets within the crypto space, often materializing a few months after the halving occurs.
According to James V. Straten, an analyst associated with Glassnode, the upcoming Bitcoin halving is expected to result in a negative exchange balance for the first time. Straten points out that the Bitcoin exchange balance has already fallen below 12 percent for the second time this year.
It should get interesting from April 2024 onwards, the analyst concluded.
The liquidity within the altcoin market heavily depends on Bitcoin, as most coins are paired with BTC. Consequently, as more coins are withdrawn from exchanges, the possibility of a liquidity crunch in the near term increases. Additionally, the ongoing crypto crackdown in the United States is expected to thin out the liquidity in top digital assets, leading to heightened volatility in the altcoin market.
Also Read: Popular Analyst Says Altcoin Market is Weakening, says PEPE is Sign Coinpedia Fintech News
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Surging Bitcoin Dominance Threatens Altcoins: Investors On High Alert! - Coinpedia Fintech News
Blockchain Analysts see top holders from Polygon and Cardano … – Euro Weekly News
In a fascinating turn of events, blockchain analysts have observed top holders from Polygon (MATIC) and Cardano (ADA) shifting their holdings into a new and promising altcoin: Tradecurve (TCRV).
In this article, we will delve into why Tradecurve is grabbing the attention of major players in the cryptocurrency world. Lets start by looking at the project and its mission.
Tradecurve serves as an inclusive platform for trading a broad spectrum of assets, such as stocks, cryptocurrencies, commodities, and even foreign currencies. The real USP of Tradecurve is that it leverages decentralised finance technology to guarantee user privacy and as low-cost transactions.
This decentralised approach does not limit usability. Instead of navigating tedious sign-up protocols found on many trading platforms, users can get started just with their email address. This paves the way for rapid trading devoid of complex document submissions and verification processes.
Tradecurve equips its users with a plethora of trading tools, such as AI-guided trading and the opportunity to mimic the strategies of successful traders. There is even a metaverse that will teach users how to trade more effectively and build their own AI-assisted strategies.
The lifeblood of the Tradecurve platform is its proprietary token, TCRV. Possessing TCRV opens doors to exclusive tools, offers staking avenues for earning passive income, and brings down trading costs.
The initial cost of the TCRV token during its presale stage is just $0.012. However, financial pundits are projecting a substantial climb to $0.50 by the close of the presale, signifying a whopping 4,060% gain. The excitement doesnt stop there, as a further 100-fold surge in price is anticipated when TCRV debuts on the popular Uniswap exchange later this year.
Picture a busy city where the traffic is often congested thats Ethereum, one of the most popular blockchains in the world. Now, imagine a series of well-designed, efficient highways helping to ease that congestion thats Polygon (MATIC).
Polygon (MATIC)s scalability solutions have been adopted by the likes of Instagram, Salesforce, and Adidas. This impressive list of clientele helped push the price of Polygon (MATIC) from $0.0175 to over $2.32 during the 2021 bull run.
However, the price of Polygon (MATIC) has since fallen away from this 2021 high, with a current price of $0.86 representing a 70% fall from the all-time high. Top Polygon (MATIC) holders are still in profit given the level of growth experienced in 2021, but it will be hard to mimic that performance in the future.
Tradecurve is just at the start of its journey, and top Polygon (MATIC) holders are realising that they can ride another wave of growth. This has been evident in the movements of Polygon (MATIC) holdings into this altcoin.
Cardano (ADA)
Cardano (ADA) holders are also taking advantage of Tradecurves potential growth. Cardano (ADA) has been a great performer in 2021, but the currency is now 88% from its all-time high. Recent price action shows that Cardano (ADA) is moving between $0.30 and $0.42 as the crypto community decides what to do with their holdings.
Cardano (ADA) is struggling to keep up with Ethereum (ETH) as the go-to platform for DeFi projects. Plus, with Cardano (ADA) already having its big hype moment in 2021, the odds of Cardano (ADA) increasing significantly over the next 12 months are low.
Tradecurve, on the other hand, has all the potential to become a major altcoin if some of its features are realised. Some blockchain analysts and Cardano (ADA) holders see the Tradecurve presale as an opportunity for Cardano (ADA) holders to increase their returns and divers
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Blockchain Analysts see top holders from Polygon and Cardano ... - Euro Weekly News
French Tech Founder Who Bought $18m of Shiba Inu (SHIB) Says This New Altcoin Is 100x Better – Crypto Mode
A new crypto project has attracted the attention of a top French tech founder who was an early investor in Shiba Inu. With a strong track record, the investor believes this altcoin could be one of the best-performing projects of 2023, offering better returns than many of the markets best-known projects.
At the same time, Shiba Inu recently hit a five month low, which has caused many investors to look for alternatives and recoup recent losses. Heres why this new altcoin could help them do just that.
Shiba Inu, the worlds second largest memecoin by market cap, has decreased in value by 23.52% in the last month. This decline has been triggered by a wider market crash, in which cryptos global market cap has decreased from $1.16 trillion to roughly $1.13 trillion at the time of writing.
As well as its price declining, the Shiba Inu burn rate is also down by 9% with just 1.8 million SHIB tokens being sent to dead wallets. This is a huge decline from the 3.01 billion coins burned on May 15th and suggests that investors could be losing confidence in the project.
To make matters worse, despite being announced by Shiba Inu developers earlier in the year, an official release date for Shibarium has still not been released, which is causing tension throughout the Shiba Inu community.
While many competitors are releasing several new updates, Shiba Inu is starting to fall behind. Should this trend continue, the price of Shiba Inu is predicted to fall further in May, which has caused many investors to sell their SHIB tokens.
Although Shiba Inu appears to be on a downward spiral, a new altcoin has attracted the attention of investors and a well-known French tech founder. The project is called Tradecurve and looks to disrupt the current exchange model by combining traditional finance with DeFi.
With a long-term roadmap already in place, Tradecurve looks to offer a secure alternative to centralized exchanges. Following the FTX scandal and the recent increase in regulation, investors are now looking for new ways to invest. Using Tradecurve, investors can trade anonymously while retaining full control of their assets.
Tradecurves trading platform is designed to be the best the market has ever seen. It will offer leverage of 500:1, industry-leading security, and a multitude of traditional assets, including Forex, CFDs, and stocks, as well as crypto options.
Tradecurve quickly sold out during phase one of its presale and, after a 20% price increase, is selling out fast during phase two. TCRV tokens, which offer several benefits to holders, are currently selling for $0.012 per token, with 20% of round two tokens already sold out.
Given its current growth rate, analysts are already comparing Tradecurve to the ICO of Binance Coin, which started at $0.011. With great features and potential to compete with the likes of Kraken and Coinbase, experts believe TCRV tokens will increase by 50x before their presale ends, with growth rates of 100x predicted once Tradecurve is listed on popular exchanges.
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French Tech Founder Who Bought $18m of Shiba Inu (SHIB) Says This New Altcoin Is 100x Better - Crypto Mode
NFT News | Uptick the NFT Market | May Week 3 – NFT – Altcoin Buzz
The third week of May sees NFT make a resurgence. With new initiatives and marketplaces catering to various niches, NFT activity is increasing. NFT buyers and sellers are drawn to well-known platforms like OpenSea, Nifty Gateway, and SuperRare.
Despite a trading low of $1783.78 during the week, Ethereums strength stands out when compared to other crypto. Lets check on the weekly NFT report.
The NFT market cap decreased by 6.66% in the third week of May compared to the prior week, falling to $4.15M. In addition, the trading volume for NFTs fell noticeably by 26.99% to 64.85K ETH, indicating that the market cap and trading activity for NFTs decreased during this time.
NFT holders increased by 0.86% to 4.422M in the third week of May, reflecting a slight increase over the prior week. Additionally, the number of NFT traders increased significantly during the same period, rising by 41.67% to 51.238K.
Buyers rose by 30.32% to 25.615K, indicating higher buying activity. Sellers too increased significantly by 46.39% to 32.548K, meaning more people were selling NFTs during this time.
The number of unique active wallets (UAW) on the OpenSea platform significantly increased by 10.16% in the third week of May to 63.98K. In addition, the number of transactions also increased by 9.8% to 169.51K.
However, trade volume dropped within the same period, falling by 15.79% to $25.58M. The smart contract balance, on the other hand, increased minimally by 0.66% to $68.92K, showing a generally steady trend.
Positive trends in trading activity were observed in the third week of May on the Blur market. Unique Active Wallets increased by 19.21% to 11,96K total. Furthermore, the volume of transactions increased by 14.1% to 32.58K.
The trading volume did experience a slight reduction, though, falling by 6.77% to $139.94M. However, the smart contract balance increased positively by 9.17% to $117.32M, demonstrating an increase in the total amount of funds stored within the platform.
These figures indicate that the Blur market gained in UAW and transactions despite a minor decline in trading volume. The smart contract balances upward trend suggests that investors interest in the platform is still strong and could remain so.
OpenSea and Solanart experienced changes in their NFT markets during the third week of May.
The average price of NFTs on OpenSea surged by 101.01% to $48.83. However, there was a 24.12% decline in the number of traders while the trade volume increased noticeably by 79.2% to $31.51K.
NFTs average price on Solanart dropped from 64.3% to $28.77. However, Solanart saw a 12.32% decrease in the number of traders and a 10.14% marginal rise in trading volume to $6.08K.
The average price of NFTs on OpenSea fell by 8.4% to $30.16. However, the number of traders climbed by 4.75% to 36.859K, while trading volume decreased by 14.22% to $2.97M.
The average price of NFTs on Rarible skyrocketed to $215.67, an increase of 637.57%. This increase in value caused the number of traders to rise significantly by 129.06% to 1.182K, which was a considerable increase. Additionally, the trade volume surged by 1,699.49% to $404.72K. Rarible stands out as a platform with outstanding growth and market interest in NFTs throughout this time.
During the third week of May, the OKX NFT Marketplace experienced tremendous growth and increased trading involvement. The average price of NFTs in the OKX NFT Marketplace increased noticeably by 39.95% to $ 33.59 and a significant increase of 137.13% in the number of traders to 1.558K. Additionally, the trade volume significantly increased by 183.03% to $155.32K.
The average price of NFTs in Aavegotchi increased significantly, jumping by 260.7% to $578.09. The number of traders fell by 1.97%, to 149, while the trading volume increased substantially, by 465.5%, to $142.48K.
On the other hand, the average price of NFTs dropped by 2.68% to $22.84 on Jump.trade. The number of traders fell by 32.11% to 241, but the trading volume rose by 24.89% to $31.2K.
2. Curious Addys and Zeneca Introduce HeyMint: Beginner-Friendly NFT Platform for Artists.
3. Chinese Prosecutors Target Pseudo-Innovation and Inflated Prices in NFT Market.
4. Kenny Schachters Pop Principle Sets the Stage for Traditional Artists vs. Digital Creators in NFT Battle.
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NFT News | Uptick the NFT Market | May Week 3 - NFT - Altcoin Buzz