Category Archives: Altcoin
Algorand (ALGO) Price Prediction 2025-2030: A new ATH could be as high as >$10 if… – AMBCrypto News
Disclaimer:The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCryptos own research on the subject
Leading layer 1 blockchain project Algorand seeks to establish itself as the top platform for programmers to create decentralized apps (dApps) across all sectors. Since it became carbon-negative a few years ago, it is a platform that promotes its environmental credentials. ALGO is its native token.
Heres AMBCryptos Price Prediction for Algorand [ALGO] for 2023-24
Additionally, the network allows smart contracts that use Turing-complete languages, programs with more states, greater program sizes, and numerous extra opcodes. Several blockchain solutions have been developed using Algorand. Algofi, Yieldly, Folks Finance, and Venue One are a few of the top initiatives in its ecosystem. Dequency, ANote Music, and Meadow Labs are a few of the most recent initiatives in its ecosystem, according to its website.
Also, investments have been increasing for ALGO as the cryptocurrency hedge fund of Modular Asset Management has been investing in tokens like Algorand and Polkadot in the hope that following a $2 trillion shakeout in digital assets, coins with higher sustainability traits will outperform.
Algorand, the official blockchain platform partner of the FIFA World Cup 2022, noticed an increase in investor optimism. ALGO has seen quite a lot of significant gains over the past month. It is expected that despite the fact that the market is critical now, ALGO will soon see the bulls on its side.
According to AlgoExplorer, there were 17.3 million accounts on Algorand as of the end of the previous year. The total number of accounts on the network climbed to 23.5 million by 10 March 2022. These figures have only risen over the last few months, and Algorand seems to be becoming more well-liked. Now, many people are wondering whether it is worthwhile to invest in ALGO.
In 2021, the entire crypto-market exploded, and ALGO suffered a similar fate. However, after a little while, it immediately went back to $1. ALGO saw some early signs of a robust comeback in February, reaching $ 1.67 before dropping once more. From February to April 2021, ALGOs price fluctuated and occasionally fell, but it consistently stayed above $1 to provide a support level.
ALGOs price rose up until 2022, when it fell to $0.90 on 14 February. Then, it gradually grew once more, largely because of LimeWire, an NFT marketplace for music and entertainment. The token hit $0.80 on 21 March 2022, before skyrocketing to $0.97 on 2 April.
FIFA announced its cooperation with Algorand towards the beginning of May, designating the network as FIFAs official blockchain platform and announcing the availability of an official blockchain-powered wallet solution. The Q2 bull run, however, was short-lived. And, by mid-May, the market had crashed and ALGO was trading at $ 0.36.
In 2021, ALGO hit a low of $1.269 in the middle of December before soaring to $1.645 towards the beginning of the year. The altcoin maintained its upward trajectory, hitting $1.851 on 5 January 2022, before falling as the market entered a bear market, sometimes known as the crypto winter. ALGO was in decline until the middle of May. Since then, it has remained rather stable, circling the $0.30-level.
According to Coinpedia, ALGO may drop to $0.2807. Algorand could still expand with new alliances, integrations, or improvements. The websites analysis further added that ALGO might rise as high as $0.4151 in this instance.
Given everything, buying ALGO must be a wise decision in the long run, right? Most analysts have positive predictions for ALGO. Additionally, the bulk of long-term ALGO price projections are upbeat. However, some are still not convinced about ALGO.
Algorands mechanism is what makes it so powerful. And, because it uses an open-source blockchain network, the history of its ALGO tokens is visible to everyone. Glitter Finance will soon integrate the Algorand DeFi ecosystem with Solana to improve interoperability in the blockchain. This will guarantee that traders who use Glitter can transfer their digital tokens from Algorand to the Layer 1 blockchain.
To increase the effectiveness of blockchain transactions, Algorand was created. While adding a new block to the Bitcoin blockchain takes about 10 minutes, Algorand can process a stunning 1,000,000 transactions each day, or roughly 1,000 per second. Therefore, compared to other networks, it can offer significantly lower transaction fees.
The acceptance of the ALGO has increased significantly this year. The alliance between FIFA and Algorand is one of the best. FIFA will use the Algorand Network as its official blockchain.
Thats not all as Algorand and EI Salvador have teamed up to create blockchain infrastructure.
Algorand and ICON have participated in a significant collaboration. Algorand will have a security partner with BTP, thanks to this integration. The Algorand network will become more vibrant and diverse as a result of this.
However, with the decline in market capitalization, ALGOs Year-to-Date (YTD) volume decreased by -88%. Its interesting to note that after losing 37% of its value in July, it was unable to increase average volume. In fact, the altcoin is still 89.91% behind its all-time high (ATH). The only thing positive about ALGOs terrible July performance was a momentary 14% hikein transaction volume.
In this article, well quickly review the current activity of the cryptocurrency with a focus on market cap and volume. In conclusion, predictions from the most well-known analysts and platforms will be summarized together with an analysis of the Fear & Greed Index to determine market mood.
Algorands price was down 6.10% over the last 7 days, at press time, resulting in a price of $0.33 on the charts. The altcoins market capitalization fell over the same period, with the price movement coinciding with the volumes too.
The market value of the cryptocurrency fell to almost $2.34 billion, with transactions totaling $109 million being made over a 24-hour window.
At the time of writing, ALGO was priced at $0.33 on the charts. As expected, it was almost 90% away from its former ATH on the price charts.
With the bulls returning, ALGO has managed to get the attention of investors. Despite some optimistic predictions, however, it should be pointed out that the ecosystem is still developing. As more applications are developed on the Algorand platform, the value might only increase. Maybe double, or triple.
Algorand also has benefits in terms of processing transactions. Users will profit from its scalable operation and extremely efficient operation. The network is processing at 1,162 TPS and has a block finality of 4.36 seconds.
After CEO Steven Kokinos announced his resignation, the ecosystem is currently facing some difficulties. He will leave Algorand, but continue working on other ecosystem initiatives in its place. Now, which tasks he will continue to work on are completely unknown at this point.
Although it is difficult to provide 100% accurate technical analysis for ALGO, you can view the aggregated ALGO buy-and-sell rating in real-time for the chosen time frame using TradingViews advanced technical analysis tool. Moving averages, oscillators, and pivot points are the three most prominent technical indicators used to present a summary for ALGO/USD.
Interestingly, at press time, the same was flashing a SELL signal.
Lets now look at what well-known platforms and analysts have to say about where they believe ALGO will be in 2025 and 2030.
According to Changelly, the lowest ALGO price in 2025 will be $1.61 while the highestwill be $1.90. The cost of trading will typically be around an average $1.67, it claimed.
On the contrary, Telegaon predicts that ALGO will hit an ATH of its own on the back of other cryptos touching their ATHs on the charts. According to its price estimates, ALGO will go as high as$10.34 by 2025, with its lowest price that year being $7.98. These predictions have been made based on the presumption that 2025 will be a bull market.
Even if there are 10 billion ALGO coins in circulation altogether, these assumptions appear excessive. To make Algorand more scalable, the issuance of these tokens has been spread out across ten years, with an end date of 2030.
The regulated nature of ALGOs issuance is meant to protect it against excessive swings, dramatic (and unsustainable) bull runs, and collapses. This, even if it is anticipated that the aggregate supply of numerous cryptocurrencies would see high levels of volatility.
Now, because it does offer a useful service, it has already established a reputation in its market and has not reported any security breaches or other forms of compromises (economic, reputational, etc). Unlike many other projects of a similar nature, the token itself has utility and makes sense.
Moreover, even if the altcoin is practically trading at the same levels as it is now, its trading volume has been usually been significantly high. This tells us there is a lot of interest in buying at these prices right now. In the extreme anxiety stage of the bear market, it can also be assumed that many of the whales are currently accumulating.
2030 is too far off. That may be the reason why most are laying off from making predictions about ALGO just yet. Even so, its worth looking at where the cryptocurrency and the network is at the moment. A look at the series of investments and projects Algorand has been able to take under its wing should be evidence of that.
In the first quarter of 2022 alone, Algorand received investments from Genesis-Capital, Coinbase Ventures, Borderless Capital, ParaFi Capital, The Algorand Foundation, OKEx Blockdream Ventures, and Jump Crypto.
With more of these updates lined up going forward, one can only imagine what its impact will be on the wider ecosystem and ALGOs value.
One of the cryptocurrencies in which you might start investing is ALGO in 2022. Despite some optimistic expert predictions, the ecosystem is still developing. The value might easily double or triple this year as more applications are developed on the Algorand platform.
Algorand also has benefits in terms of processing transactions. Users will profit from its scalable operation and extremely efficient operation. The network is processing at 1,162 TPS and has a block finality of 4.36 seconds, according to the most recent information on the Nasdaq page. Stellar and this talent are practically the same.
If the market is in a BULL run, Algorand is a great short-term investment. These newer initiatives typically outperform other, more well-known projects by a wide margin when the crypto-market as a whole is performing well.
The analysis mentioned above makes it clear that Algorands projections are somewhat incoherent. Whether future ALGO price movements will be good or negative, there is no general agreement. Indeed, a variety of elements, including announcements, new technological advancements made by Algorand projects, the larger crypto-ecosystem, legal status, and others, will influence potential growth in the future. For what its worth, the Fear & Greed Index was fairly balanced, at press time.
Apart from this, if we want to talk about innovation, John Woods, CTO of the Algorand Foundation, provided an update on the projects efforts to lead the development of quantum countermeasures for more secure cryptographic technology.
Woods focused in particular on the Falcon algorithm, which provides a means of avoiding the possible risk posed by quantum computers.
The top specialists in the field were invited by the American National Institute of Standards and Technology (NIST) in August 2016 to create cryptography algorithms resistant to quantum attacks. Falcon, created by Algorand developers Craig Gentry, Chris Peikert, and Vinod Vaikuntanathan, was one of the chosen algorithms. Trapdoors for Hard Lattices and New Cryptographic Constructions is the methodology on which it is built.
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Algorand (ALGO) Price Prediction 2025-2030: A new ATH could be as high as >$10 if... - AMBCrypto News
Low-Cap Ethereum Altcoin Pops As Coinbase Announces Full Crypto Rollout …
US crypto exchange giant Coinbase is announcing the full rollout of Aurora (AURORA) across all retail trading platforms.
According to the projectswebsite, Aurora is an Ethereum (ETH) Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users.
Aurora (AURORA) is now live on coinbase.com and in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.
Aurora is up 9% over the last 24 hours on the news.
Coinbase alsoannouncedsupport for Ethereum-based tokens Convex Finance (CVX) and Ocean Protocol (OCEAN) today.
Coinbase will add support for Convex Finance (CVX) and Ocean Protocol (OCEAN) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost.
Convex Finance is a decentralized finance (DeFi) platform allowing Curve DAO (CRV) liquidity providers to earn a share of trading fees on Curve without staking liquidity there. CVX is up 3.5% over the last 24 hours.
Ocean Protocol is a blockchain ecosystem connecting data providers and consumers. Ocean lets users monetize, share and sell their data transparently, safely and securely without giving up privacy. The OCEAN token is used to make payments as well as secure and govern the network. OCEAN is up 1.5% over the last 24 hours.
Featured Image: Shutterstock/bestfoto77/INelson
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Low-Cap Ethereum Altcoin Pops As Coinbase Announces Full Crypto Rollout ...
Crypto Trader Doubles Down on One Ethereum-Based Altcoin, Calls It Opportunity of a Lifetime – The Daily Hodl
Popular crypto analyst Michal van de Poppe is reiterating his conviction that Chainlinks (LINK) current price is a rare opportunity for investors.
He tells his 629,900 Twitter followers that Chainlinks current price remains an opportunity of a lifetime, doubling down on his bullish position for LINK.
So far, so good for Chainlink. The price between $6-8 is still an opportunity of a lifetime.
Chainlinks native asset LINK is trading at $7.88 at time of writing. The 23rd-ranked crypto asset by market cap is up 1.47% in the past 24 hours. LINK hit an all-time high of $52.70 in May 2021.
Van de Poppe is also forecasting a rally in this fourth quarter for the king crypto.
Its time for a slight bounce on the DXY [US dollar index] and a correction on the crypto markets. But, more importantly, Im expecting unemployment data to be bad on Friday and then indices should be continuing. Relief rally in Q4 is on the horizon for Bitcoin.
Van de Poppe suggests that markets are responding positively to the impacts US federal rate hikes are having on unemployment data and job openings.
Slowly, but surely, the US economy follows the rest of the world. Job openings largest miss in recent 15 years. ISM PMI [purchasing managers index] worst number since June 2020. Markets reacting positively, as Gold and Silver have been running up. Close to a big breakout for Bitcoin too.
The trader forecasts a price consolidation of $19,600 for Bitcoin (BTC) and an increase to the next resistance level of $22,400.
Featured Image: Shutterstock/issaro prakalung/america365
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Crypto Trader Doubles Down on One Ethereum-Based Altcoin, Calls It Opportunity of a Lifetime - The Daily Hodl
Former Google CEO Says One Ethereum-Based Altcoin Has Massive Lead Over Its Competitors – The Daily Hodl
Former Google boss Eric Schmidt says that Chainlink (LINK) has superior technology and a leg up on its competitors.
In a new discussion with Chainlink creator Sergey Nazarov at SmartCon 2022, the technology pioneer says that the tech giants of the early 2000s were able to capture their niche before everyone else, effectively getting ahead of their rivals.
At the end of the day, the companies that won in Web2 were better technology. They put more capital to work, and they moved faster, and they scaled faster. And these are network businesses, so once you get a little bit ahead its very hard to catch up to the person ahead of you.
In [Chainlinks] case because you were early and very smart obviously, you got in there first, so you see it from the standpoint of the the person whos ahead. So I think that in Web3 youre going to see the same dynamic of new things entering.
Schmidt, whose net worth is estimated to be over $16 billion, says the same attributes that made the tech giants of the last couple of decades successful also applies to Chainlink.
The winners and I think this is absolutely true of Chainlink they have better technology and it scales better. Im now speaking as a computer scientist. Youve got to get the architecture right so you can go from 10 users to 10 million users, and most of the systems and this is not a comment about Chainlink, its about others, seem to fall over reasonably quickly. Thats my observation. Theyre just not built to scale yet, and its just harder.
You cant do it in six months. It takes real computer science, real planning [and] real platforms.
I think Chainlink, because of the way youre going to provide compute services and Ill just use the generic word trust services will become a key component of that, but youll only be one. Therell be a number of other players who will be important as well.
At time of writing, LINK is swapping hands for $7.06, down over 6% on the day.
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Featured Image: Shutterstock/Perfect Lazybones/Natalia Siiatovskaia
Mini Altcoin Season May Be Brewing With Chainlink and Three Crypto Assets Showing Signs of Accumulation: An… – The Daily Hodl
One popular crypto analyst says theres a possibility that the altcoin market is coiling up for a breakout.
The pseudonymous analyst known as Altcoin Sherpa tells his 184,000 Twitter followers while its possible that Bitcoin (BTC) is setting up to pull down the crypto markets to new lows, he also sees a scenario where one of the major altcoins sparks a mini altcoin season.
The closely followed analyst shares charts for interoperability blockchain Polkadot (DOT), decentralized oracle network Chainlink (LINK), smart contract platform Fantom (FTM) and Ethereum (ETH) rival Avalanche (AVAX) that suggest altcoins are in accumulation mode.
What if many of these altcoins are accumulating?
I still think another leg down because I think BTC legs down butIm going to be open to a mini alt season if we see something explode and lead the market.
At time of writing, Polkadot is trading at $6.24, around Altcoin Sherpas support area.
Chainlink is currently valued at $7.10, within the analysts accumulation range.
As for FTM, the Ethereum competitor is hovering at $0.219, close to Altcoin Sherpas immediate support level.
Looking at AVAX, Altcoin Sherpas chart suggests that the smart contract protocol may be forming a double bottom pattern.
The analyst also suggests that XRP could be the coin that sparks an altcoin rally under the right circumstances.
XRP could lead the market but usually you need some sort of narrative.
As for Bitcoin, the analyst says he sees an imminent correction for BTC.
BTC: still a range; EMAs (exponential moving averages) catching up to price. Still expecting choppy price action with potentially another move down to the $18,000s fairly soon.
At time of writing, BTC is changing hands for $19,223, flat on the day.
Featured Image: Shutterstock/Dotted Yeti/Sensvector
3 Altcoins to Buy Right Now – The Motley Fool
People keep talking about a "crypto winter" being here. But that doesn't mean all cryptos face hostile market conditions these days. Some altcoins are doing surprisingly well right now and have posted double-digit returns over the past 30 days, attracting a lot of buzz across social media. They are being talked up as tokens that could explode in value over the next 12 months.
However, not all of these gainers are worth investing in because they are simply too speculative for the average investor. But there are three altcoins that have steadily appreciated over the past month that are worth a closer look: XRP (XRP), Chainlink (LINK), and Algorand (ALGO). To be fair, all three are down between 55% and 85% over the past 12 months. However, all three have characteristics that set them up for greater utility in the days to come. All three rank among the top 30 cryptos in the world by market capitalization. If you're thinking about juicing up your portfolio returns for 2022, these could be fantastic buys right now.
Algorand, up 12% over the past 30 days, is a proof-of-stake Layer 1 blockchain founded by award-winning MIT professor Silvio Micali. Algorand has won kudos for its top performance metrics and has been regularly recognized as one of the greenest blockchains in the world. In addition, the Algorand blockchain got a speed and performance upgrade in September, boosting transaction processing speed from 1,200 to 6,000 transactions per second. Algorand also recently attracted attention in the crypto world for its new quantum cryptography efforts.
Image source: Getty Images.
But what really has people excited about Algorand is its official partnership with the 2022 FIFA World Cup. In coordination with FIFA, for example, Algorand just launched an NFT marketplace for soccer NFTs. Look for Algorand to attract even more attention as the start of the World Cup nears in November. Right now, Algorand is a relatively little-known Layer 1 blockchain. After a massive worldwide audience tunes in to the World Cup, that could change. Moreover, the new soccer NFTs should boost overall activity on the Algorand blockchain and potentially attract new users and developers. In many ways, Algorand is an undervalued gem just waiting to be discovered.
Chainlink, up 8% over the past 30 days, is a decentralized blockchain oracle network that feeds off-chain data, such as asset prices, to on-chain smart contracts. In layperson's terms, it means that Chainlink takes data from the real world and shares it safely and securely with other blockchains. While its official launch dates back to 2017, Chainlink has been experiencing a renaissance of late. For example, Chainlink recently partnered with Coinbaseto offer pricing feeds for NFT collections.This opens the door for offerings like real-time NFT indexes and new NFT lending protocols that use NFTs as collateral for loans.
Taking a bigger-picture view of where Chainlink is headed in the future, Chainlink founder Sergey Nazarov recently said that his vision is for Chainlink to become "the AWS of Web3." To make this vision a reality, Chainlink is now working with ex-Google CEO Eric Schmidt as a strategic advisor. At a recent conference in New York City, Schmidt and Nazarov discussed how real-time data could be turned into a premium product and monetized. All blockchains need off-chain data to execute smart contracts, and that's exactly the gap that Chainlink is trying to fill. The next time you see those fun, football-themedAmazonWeb Services commercials featuring real-time data feeds, just think of a future in which those commercials are coming from Chainlink instead.
XRP, up 45% over the past 30 days, is the token of the Ripple payment and settlement network. Ripple has won kudos for its ability to send remittances cross-border with near-zero transaction costs. Think of it as a crypto version of Western Union.Until recently, the problem with XRP was that it was facing a massive lawsuit from the SEC over whether XRP was a "crypto" or a "security."The lawsuit has been hanging over XRP since 2020, which essentially put an artificial cap on the future price of this crypto.
But recent developments now suggest that a final settlement of the case is coming by year's end, which has made crypto investors euphoric. XRP has been used for years to facilitate cross-border payments. Sending remittances all over the world is big business in a globalized world, and XRP has already worked with some big-name financial partners in the past to make this as frictionless as possible. There is now serious talk that XRP could double or triple in value once the lawsuit is behind it, based on its ability to continue business as usual. However, just keep in mind that this is a very speculative investment, similar to investing in a distressed company getting a sudden lifeline. There is a reason why XRP was trading for mere pennies until recently: There is still a chance that XRP could go to zero.
Altcoin season typically starts when a few altcoins start to decouple from Bitcoin, which has historically been the crypto market benchmark.If Bitcoin goes up, altcoins usually follow right behind. If Bitcoin goes down, altcoins also go down with the ship. But in altcoin season, a few coins start to buck the trend. They go up way more than Bitcoin. Or they go up even if Bitcoin goes down.
The three altcoins mentioned here have properties that differentiate them from Bitcoin. Algorand is a Layer 1 blockchain network that can host smart contracts and decentralized applications, similar to Ethereun. Chainlink is a provider of real-time off-chain data feeds, which is not available via Bitcoin. And XRP is a payment and settlement network. There are clear use cases for all of them, and the market is recognizing that.
All of these altcoins are a buy right now. However, just keep in mind that altcoins carry significantly more risk than the largest cryptos in the market. That's why I've focused on three altcoins with market capitalizations among the top 30, and all of which have been around since at least 2017. That should give you a certain margin of safety. So, sit back, sip your pumpkin spice latte, and enjoy the return of altcoin season.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dominic Basulto has positions in Amazon and Bitcoin. The Motley Fool has positions in and recommends Amazon, Bitcoin, ChainLink, and Coinbase Global, Inc. The Motley Fool has a disclosure policy.
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3 Altcoins to Buy Right Now - The Motley Fool
WAVES: Here are the odds on the altcoin noting more losses on the charts – AMBCrypto News
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writers opinion.
With a market capitalization of $410 million, Waves was ranked 85th, at press time. However, the asset has seen far better days. In March, it traded near the $60-mark but has been in a pronounced downtrend since then.
At the time of writing, the $3.75-level was one to watch out for. A few days ago, the platform tweeted about the Waves School lessons and Waves believes it is a great step forward in introducing crypto and NFTs to the masses.
On the 12-hour chart, the structure of WAVES was bearish and the downtrend was strong as well. The price surged in mid-September but it was still unable to beat the previous lower high. On a lower timeframe, the $3.7-pocket of liquidity had seen multiple candlewicks in the past month, followed by a decent bounce.
With time, these bounces weakened as the sellers gained more and more confidence following each retest. The past couple of days saw this zone flipped to resistance.
The indicators showed a bearish bias for WAVES as well. The RSI was at 36 and has been below neutral 50 for the better part of the past month. At the same time, the Directional Movement Index also indicated a significant downtrend in progress as both the -DI (red) and the ADX (yellow) were above 20.
Right off the bat, the Santiment chart showed WAVES to move in tandem with Bitcoin on the price chart. This highlighted the fact that in recent months, Bitcoin has had a strong influence on the sentiment behind altcoins. It could take an uptrend for Bitcoin to revive bullish hopes behind altcoins, which in turn could depend on the health of global indices.
The total Weighted Sentiment has also been negative, which reflected the sentiment behind the asset on the price charts.
All together, the bearish sentiment across the market meant Waves also faced strong selling pressure. The technical structure favoured the bears and the $3.75 and $4 were strong resistance levels.
A move above $4 could provide some compelling evidence of a shift in market structure. However, with Bitcoin unable to beat the $20.5k resistance, another leg downward could slowly unfurl on the price charts of WAVES.
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WAVES: Here are the odds on the altcoin noting more losses on the charts - AMBCrypto News
Top Crypto Analyst Says Big Move Imminent for Bitcoin, Predicts BTC Will Outperform Altcoin Market – The Daily Hodl
The crypto strategist who nailed the end of the crypto bull market last year says Bitcoin (BTC) could be days away from witnessing extreme volatility.
Pseudonymous analyst Pentoshi tells his 614,600 Twitter followers that hes keeping a close eye on Bitcoins trading volume, which he notes is seeing significant increases across crypto exchanges.
Big move in next few days after essentially a month of sideways. All same chart, a lot of volume across all exchanges coming in outside of large June sell-off. This is a noticeable uptick.
According to Pentoshi, the rise in Bitcoins trading volume comes as BTC tests its diagonal resistance, which has kept the king crypto in a downtrend since November 2021.
BTC up against the downtrend line now from the November highs. Quicker taps against the trendline as of late. Lets see what she got.
Last week, Pentoshi predicted that Bitcoin could rally to as high as $28,000 as he believes BTC bulls are poised to ignite a relief rally.
The popular analyst is also looking at the Bitcoin dominance chart (BTC.D), which tracks how much of the total crypto market capitalization belongs to Bitcoin. A bullish BTC dominance suggests Bitcoin is rising faster than other crypto assets, or altcoins are losing value while the leading crypto surges.
According to Pentoshi, the BTC.D chart appears to be gearing up a for a big breakout.
BTC dominance threatening a potential breakout. Keep in mind never once has anything good coming from it touching that bottom line. IF it breaks out here, THEN regardless of a move up or down it will outperform alts.
At time of writing, Bitcoin is changing hands for $19,211, flat on the day, while the BTC.D chart hovers at 41.28%, very close to Pentoshis breakout level.
Featured Image: Shutterstock/Warm_Tail
ETC investors on the fence will be pleased to read this about the altcoin – AMBCrypto News
Ethereum Classic [ETC] concluded the second half of September on a bearish note that resulted in a support retest. The bearish momentum notably weakened but ETC continues to tread lower after failing to bounce from support.
ETC bears demonstrated strong momentum up until 22 September. This resulted in a retest of support at the $27.88 price level which is right on the 0.382 Fibonacci level. The last week of September featured a bullish attempt that failed to push back above the $30 price level. As a result, ETC hovered around the same Fibonacci level since then.
Ethereum Classics behavior near the support confirmed that there was some buying pressure. However, the downside since the start of September confirmed that bears remained dominant. If this continues, then investors should expect the next support level near the $25 price level.
ETCs Moving Average Convergence Divergence (MACD) indicator also demonstrated an interesting observation that may point toward an upcoming pivot. Bullish volumes were tapering out and this could be an indication that the bulls might get a chance to take over.
Furthermore, the MACD line was headed for a crossing above the signal line, an outcome that would signal bullish volumes. Additionally, some of ETCs on-chain metrics underscored observations that might favor a bullish pivot.
ETCs development activity metric registered a slight uptick since the start of October. Investors on the fence about the cryptocurrencys next move might see this as a positive sign.
The same developer metric registered some outflows in the last two days but still maintained a notably higher level than September end lows. This confirmed that there was still healthy development activity on the network. Unfortunately, that activity barely had an impact on investor sentiment.
The weighted sentiment metric registered a slight uptick since the start of October. Unfortunately, any resulting sentiment shift did little for ETCs price action.
Furthermore, despite the outcome at press time, the weighted sentiment did register a sharp uptick at the end of September. A sign that some investors may view the current price range as a healthy entry point.
Also, demand from the derivatives market might have already given a head-start to recovery despite ETCs failure to bounce back from the Fibonacci retracement level.
Both the Binance and FTX funding rates registered solid improvements in the last three days. This highlighted the lack of buying pressure especially in the spot market to support direct correlation with demand in the derivatives market.
The tapering downside was already a good sign that a bullish takeover might be around the corner. However, the lack of a catalyst to support this uptick may indicate that investors are waiting for the market to ease off the FUD pedal.
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ETC investors on the fence will be pleased to read this about the altcoin - AMBCrypto News
Top Altcoins to watch in the Crypto Market: Big Eyes Coin, Avalanche, and Fantom – Euro Weekly News
The cryptocurrency markets daily trading volume runs into several billions of dollars, and the opportunity traders are looking for is to make some profit from that daily turnover. There are several places to look at if youre looking to profit in the market, but in a bear market rally, you need to ensure youre looking at the right places. The bear market is unforgiving if you get into crypto trades or buy any coin without due diligence. The top strategy for anyone now will be to look for low-risk plays with some decent long-term opportunity. The millionaires and billionaires in the next crypto bull run are made in the bear market, so you need to position yourself accordingly.
Big Eyes Coin (BIG), Avalanche (AVAX), and Fantom (FTM) are three cryptocurrencies to look at presently. Big Eyes Coin (BIG), a new cryptocurrency on presale, offers early buyers a low-risk opportunity to buy below market price. Big Eyes is a memecoin with the potential for huge profitability, and early buyers can look to secure some profit after launch.
Similarly, Avalanche (AVAX) and Fantom (FTM) are two top altcoins hovering at their lows. There isnt much downtrend to these tokens, and you could look to get into these trades slowly over the next few months.
Avalanche (AVAX) is a top altcoin and an ethereum alternative blockchain network. Its a layer-1 decentralized network that can reportedly process 4,500 transactions per second. The network prioritizes speed and scalability, which are improvements it intends to make over the ethereum blockchain. The scalability capabilities are made possible by its unique method of sharding that splits the network into different chains handling separate layers of operation.
Fantom (FTM), on the other hand, is regarded as a fourth-generation blockchain and the worlds first Directed Acyclic Graph (DAG) based smart contract network. The network was created to provide some significant upgrades in terms of usability and functionality to the ethereum blockchain. Fantom became a network for several emerging in 2021 but has lost some of that magic to the market condition.
Both cryptocurrencies were created as ethereum alternatives and quickly became a huge network for DeFi in 2021. Being one of the best-performing cryptocurrencies in 2021, it is possible to regain value as soon as the cryptocurrency market shows strength.
Big Eyes Coin (BIG) is a new memecoin project in the cryptocurrency market, building up some hype. The new project caught the eye of most users after it raised $1 million in the first week of its presale. Big Eyes is a memecoin project inspired by cute cat memes, taking a step away from the regular dog memes template used by all emerging memecoin projects.
Realising that emerging projects have not found much success with dog memes, Big Eyes aims to create a new meta of cat memes that can inspire new memecoin projects. Big Eyes primarily aims to create wealth for its community users via DeFi. Also, the project has a lot of prospects in the NFT market, considering the cat memes will make for a decent project in the NFT market.
Big Eyes is a community-governed project and will demonstrate how the model can help projects grow faster with the several community events it will host. Prior to launch, Big Eyes has built a strong community on social media, and its ready to push its hype and narrative through the roof as soon as the project launches.
Big Eyes Coin is set up like the next big pump in the cryptocurrency market, and you dont want to miss it. Join the presale here now!
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Top Altcoins to watch in the Crypto Market: Big Eyes Coin, Avalanche, and Fantom - Euro Weekly News