Category Archives: Altcoin
Trader Who Accurately Predicted Dogecoin Explosion Says This Ethereum …
A popular crypto analyst who correctly predicted the recent rise of Dogecoin (DOGE) says another dog-themed meme coin may be next.
The pseudonymous trader SmartContracter tells his 213,000 Twitter followers that the Ethereum-based altcoin Shiba Inu (SHIB) will likely witness an echo rally.
If you missed DOGE, which is fine by the way, you still have a chance to hop in SHIB with all the [others] who will buy it thinking they missed DOGE.
SmartContracter then compares the weekly charts of the two altcoins when paired with Bitcoin.
The comparison shows SHIB is looking to break a line of resistance that Dogecoin recently exploded past. The analyst says the two charts paint a beautiful picture showing similarities on a technical level.
As for DOGE itself, SmartContracter does not believe the original memecoin has run out of steam.
The analyst, who first turned bullish on DOGE back on October 4th, recently predicted a next leg up for the altcoin after its meteoric rise above $0.14.
At time of publishing, Doge is up 24% in the last 24-hours, at $0.15. SHIB is up 7.5% at $0.00001323.
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Ethereum-Based Altcoin Erupts 80% As Binance Unveils ‘Bluebird …
A low-cap altcoin is surging on the heels of an announcement from crypto giant Binance.
The leading exchange says its launching a new perpetual contract called the Bluebird Index.
The index tracks the prices of Binance Coin (BNB), Dogecoin (DOGE) and Mask Network (MASK), allowing up to 25x leverage.
The announcement sent the price of MASK soaring 80% in about three hours, from a low of $2.30 to as high as $4.16.
The Bluebird Index appears to reference Twitter and Elon Musks interest in Dogecoin, and Binance invested $500 million investment Musks Twitter takeover.
This index triggered instant speculation on what role BNB and MASK might play in Twitters future.
Mask Network bills itself as a network designed to bring Web3 features to social media platforms like Twitter and Facebook.
The list of potential features for the platforms browser extension includes payments and tipping, decentralized asset trading, NFT trading and decentralized file storage.
MASK runs on the Ethereum network and is also live on Polygon and BNB Chain. The token is designed to reward active users of the protocol and give users a voice in governance.
The project launched in February of 2021 and at time of publishing, the price of MASK stands at $3.67. Thats down about 88% from the coins all-time high of $30.44.
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Ethereum-Based Altcoin Erupts 80% As Binance Unveils 'Bluebird ...
Delta Exchange Cryptocurrency Derivatives | Bitcoin & Altcoin Futures …
What are crypto options?
Crypto options contracts are derivatives that let you speculate on the future of the underlying crypto like Bitcoin. The two kinds of crypto options contracts are call options that give buyers the right (but not an obligation) to buy a crypto asset at a fixed price on a set expiry date, and put options that give the buyer the right (but not the obligation) to sell the underlying crypto at a fixed price on the date of expiry. Delta Exchange is an options trading exchange for BTC, ETH, SOL, BNB and 150+ altcoins. You can trade call and put options with daily expiries on Delta for the lowest settlement fees and fastest withdrawals.
A crypto options contract is a derivative instrument where the buyer or the holder isnt obligated to execute the trade. So crypto options traders have the right to either buy or sell the crypto asset at a fixed price with an expiry date, but they are not bound to do this.
For easy options trading on instruments like Bitcoin options, Delta exchange is your ideal go-to choice. On Delta Exchange, you can combine both margin trading and attractive leverage for a great crypto options trading experience. We offer options on BTC, ETH, SOL, BNB and 150+ altcoins.
Yes, you can trade Bitcoin call and out options on Delta Exchange with benefits like daily expiries for the lowest settlement fees, combined with the fastest withdrawals, high liquidity, and the tightest spreads with USD. Delta Exchange is already trusted by over 100k users, and our daily trading volumes exceed over ${volume}. Attractive deposit bonuses, Delta Cash rewards, and real time customer support makes Delta one of the top crypto derivative exchanges trusted throughout the world. Sign up today to start trading in Bitcoin options!
Trading crypto options like Bitcoin options has many benefits, namely:
You can hedge or speculate on underlying asset prices.
You can utilize margin trading and attractive leverages.
You can choose call and put options depending on your outlook on a particular crypto.
On Delta Exchange, you can avail benefits like daily expiries for the lowest settlement fees and the fastest withdrawals.
On Delta Exchange, you can trade call and put options for BTC, ETH, SOL, BNB and 150+ altcoins.
Delta Exchange is one of the best crypto derivative exchanges in the world, especially for users looking for hassle-free, easy options trading. On Delta, you can trade in call and put options for BTC, ETH, SOL, BNB, and over 150 other altcoins for the lowest settlement fees, the fastest withdrawals, and high liquidity. Were already trusted by over 200K users, and features like attractive deposit bonus, trading linked Delta Cash rewards, and 24/7 customer support only adds to our appeal. Sign up today and start trading!
A derivative is a class of financial contracts that derive their value from the performance of an underlying entity. Derivatives where this underlying is a cryptocurrency or a cryptoasset, e.g. Bitcoin, Ether etc are known as cryptocurrency derivatives. Trading of crypto derivatives does not entail actual buying or selling of bitcoins or any other crypto. The value of the crypto derivative contract changes with the change in price of the underlying cryptocurrency. Thus, trading crypto derivatives in an alternative way to get exposure to an underlying cryptoasset or cryptocurrency.
The prominent types of cryptocurrency derivative contracts include futures, options, contracts for difference (CFD), perpetual swaps and swaps. Crypto derivative contracts are traded both on exchanges and over the counter (OTC). Exchange traded derivatives are standardized contracts and are typically very liquid. In contrast, OTC derivatives are bespoke contracts between two parties.
There are largely three categories of crypto derivative use-cases. These are: (a) hedging: Which is essentially insurance for adverse price movements of a crypto asset you already own. For e.g. miners may want to lock-in the price of mined Bitcoin without selling it, (b) speculation: traders employ cryptocurrency derivatives to create leveraged pay-off profiles based on their market view, and (c) access: traders that are not able to buy Bitcoin or cryptocurrencies directly could potentially gain exposure to them via derivatives on a crypto trading platform or a cryptocurrency derivatives exchange.
For traders and investors, crypto derivatives offer several benefits that are unavailable in spot crypto trading. These include: (a) ability to go both long and short, i.e. profit from both rising and falling market, (b) leverage trading which enables a trader to take bigger positions and (c) strong liquidity which reduces the crypto trading charges.
Either Crypto futures and margin trading can be used if a trader is looking for leverage and the ability to go both long and short in cryptocurrency trading.
What is margin trading? Margin trading allows leverage to be achieved via two steps:
Step 1: borrow money or a cryptoasset
Step 2: For going long: use the borrowed money to buy crypto. For going short: sell the borrowed cryptoasset. In contrast, futures contracts have both these features built in their design.
Cryptocurrency futures are superior to margin trading across all dimensions:
When two parties enter into a futures contract, they agree to buy/ sell an asset or security at a pre-fixed price on a selected date in the future. Crypto futures have Bitcoin or altcoins (e.g. BNB, LEO, Stellar Lumens) as the underlying.
The price of a crypto futures changes linearly with the price of the underlying cryptocurrency. Consider trading a Bitcoin futures contract. If the Bitcoin price moves up by 10%, ceteris paribus the price of Bitcoin futures will also move by 10%. This feature makes trading Bitcoin futures a good alternative to trading Bitcoin directly. The same applied to futures contracts which have other cryptos like Ether, XRP and Tezos. Moreover, crypto futures come up: (a) in-built leverage, (b) flexibility of going long or shorting and (c) low transaction costs.
Crypto Futures trading on Delta:
Delta Exchange is the fastest growing cryptocurrency derivatives exchange. We offer high liquidity on Bitcoin and AltCoin futures, have strong technology and strong customer and tech support. Our competition are BitMEX, DeriBit, Cryptofacilities and other futures trading exchanges. We continuously strive to maintain our significant edge over the competition and offer the best quotes on Bitcoin futures, and other altcoin futures like Ethereum futures, XRP futures, and a wide variety of crypto derivatives. We also offer dedicated tech support. If you want any assistance on integrating with our APIs or setting up your trading bots, please write to us on our support email mentioned in the footer. We have a strong focus on security and use best in class infrastructure to secure customer funds. It is these features that make Delta Exchange the best cryptocurrency derivatives exchange and the crypto exchange of choice for margin trading and futures trading.
Please note that Delta Exchange is not a spot exchange like Binance, Coinbase, Huobi, OKEx. Please also note that we do not support any fiat deposits or trading against fiat currencies.
Delta Exchange is also a premier destination for Bitcoin and altcoin margin trading. We offer tight spreads and high liquidity on Bitcoin and other altcoins for leveraged crypto trading with margin. Our Bitcoin prices (for futures) and prices on other cryptocurrency futures are highly competitive and the best in the market. If you are interested in seeing Bitcoin quotes or other futures do check out our crypto trading fee section. We offer standard maker rebates.
Leveraged trading and margin trading involves risk. Trades can incur losses and can lose their entire invested capital. Delta Exchange advises users to be cautious on margin trading and ensure that they fully understand crypto margin trading before making any trades. You can refer to our guide to margin and futures trading and other resources on our blog to brush up your understanding of margin trading.
Delta Exchange is one of the best exchanges for trading Bitcoin, Ethereum, Ripple, Stellar Lumen and other top cryptocurrencies with leverage. Bitcoin futures available on Delta Exchange offer upto 100x leverage. The maximum permissible leverage for every futures contract can be found under the contract details section on the trading terminal. Settlement currency for the margin used and quoting currency for any contract can also be found on the contract details page. You can also refer to our Bitcoin futures guide, Ether Futures guide, Ripple futures guide and other futures guides listed in the footer to find details on the contracts available for trading. Also check out our crypto trading blog for more information and learning on crypto derivatives.
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Delta Exchange Cryptocurrency Derivatives | Bitcoin & Altcoin Futures ...
XRP Price: Binance announces new XRP investment product, fuels rally in …
Binance, the worlds largest exchange by volume, added XRP to its list of Dual Investment products. The exchange announced the launch of the product on its official blog and informed users about a fresh batch of dual investment products with revised target prices and settlement dates.
Also read: Why Joe Biden is speeding up crypto regulation in the US
Binance users can buy cryptocurrencies at a lower price and sell them at a higher price in the future through dual investment products. The worlds largest exchange by volume has added XRP to this list and this allows users to earn a high yield during the subscription period irrespective of the direction in which the price moves.
Binance currently offers two types of dual investment products, buy low and sell high. The new XRP product is available for trade on Binance from October 4, 10:00 UTC and the subscription format is first come first serve. The Annual Percentage Rate (APR) for the product ranges between 4% and 179%.
The official announcement noted that the product may stop accepting new subscriptions at any moment.
XRP holders are awaiting updates on the ongoing SEC v. Ripple case to identify the direction in which the altcoins price will move. The latest court ruling lacks updates and comments and the general sentiment among holders is bullish.
David Gokhstein, an XRP proponent and crypto educator, believes Ripple is closer to a win in the lawsuit.
Analysts have evaluated the Ripple price trend and predicted a breakout in the altcoin. Yashu Gola, a technical analyst at Cointelegraph, believes XRP price could post a 50% rally. If XRP breaks past its multi-year descending trendline resistance, the altcoin could target the $0.57 level.
Gola believes XRP price is likely to run up toward the next Fib line near $0.72 level.
XRP-USD price chart
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XRP Price: Binance announces new XRP investment product, fuels rally in ...
Whales Scoop Up One Ethereum-Based Altcoin While Dumping FTX and Crypto.com Exchange Tokens: Santiment – The Daily Hodl
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Ethereum-Based Altcoin Project Jumps After Crypto Exchange Coinbase Adds It to Listing Roadmap – The Daily Hodl
An Ethereum (ETH)-based altcoin is rallying following news that top US crypto exchange Coinbase has added the project to its listing roadmap.
Lido DAO (LDO), a staking service for Ethereum and other blockchain projects, has seen more than a 16% price increase in the days following Coinbases announcement via Twitter.
For transparency purposes, Coinbase adds projects to its listing roadmap as a precursor to making them available for trade on its exchange and announces the additions via Twitter.
Lido DAO and its ERC-20 token LDO aims to allow users to stake ETH without locking assets or maintaining infrastructure. When staking on the platform, users receive Staked Ether (stETH) on a 1:1 basis representing their staked ETH, and stETH balances can be used like regular ETH to earn yield or rewards.
At the time of the Coinbase announcement three days ago, the price of LDO was changing hands near $1.25. At time of writing, LDO is trading at $1.46, an almost 17% increase in price.
The Ethereum-based altcoin has a market cap of $1.01 billion, and is about 80% down from its all time high of $7.30.
Coinbase CEO Brian Armstrong previouslysaid the exchange would list as many crypto assets as possible after meeting simple standards.
Its kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, its probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are
My belief is theres gonna be millions of these assets over time, and so I hope it doesnt make news every time we add one in the future, basically.
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Ethereum-Based Altcoin Project Jumps After Crypto Exchange Coinbase Adds It to Listing Roadmap - The Daily Hodl
These altcoins explode by more than 173%, offer investment opportunities – Crypto News Flash
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These altcoins explode by more than 173%, offer investment opportunities - Crypto News Flash