Category Archives: Altcoin
Bitcoin, Ethereum and One Metaverse Altcoin Turning Bullish, According to Closely Followed Trader – The Daily Hodl
A popular crypto strategist is predicting whats next for a trio of digital assets as the markets try to keep the recent rally going.
The pseudonymous crypto trader Cheds tells his 274,100 Twitter followers that hes looking at Bitcoin (BTC) on the 34-day estimated moving average (EMA).
He says this is the first time the top cryptocurrency has closed above that particular metric in three months while remaining wary of potential price weakness moving forward.
BTC notable first close above daily EMA 34 since April.
Some evidence of weakening bear trend continue to monitor for deviation.
Bitcoin is currently surging, up 9% over the past 24 hours and priced at $23,512.
Cheds goes on to discuss whats next for Ethereum (ETH), stating that the leading smart contract platform appears strong enough to recapture the $1,700 mark regardless of whether or not Bitcoin buckles.
$1,700 still makes sense even if BTC rejects DEMA 34 given relative strength.
At time of writing, Ethereum is up by 4.05% on the day, changing hands for $1,573.
The chart guru concludes his analysis of the top two digital assets by saying he thinks Ethereum currently appears stronger than BTC. He also notes that ETH remains above the upper Bollinger bands (BB), a metric measuring an assets price and volatility oscillation over time.
ETH relative strength right now to BTC with that long trigger from $1,270 break.
BTC still looks vulnerable, ETH not really at the moment (though we are trading above upper BB).
As for daily EMA 34, I would hope everyone is using it, not just me. Its been the most important level since November.
Cheds also takes a look at Ethereum-based virtual world The Sandbox (SAND), highlighting the altcoins recent recovery from a mid-June flash crash.
SAND flexing a lower high break.
The Sandbox is also in the green by 5.62% on the day with a market value of $1.43.
Featured Image: Shutterstock/Salamahin/Atelier Sommerland
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Bitcoin, Ethereum and One Metaverse Altcoin Turning Bullish, According to Closely Followed Trader - The Daily Hodl
Four Under-the-Radar Altcoins Skyrocket 233% or More in Just Seven Days As Crypto Shows Signs of Life – The Daily Hodl
Four low-cap altcoins are surging, more than tripling in value over the past week as the digital asset markets abruptly come to life.
One of this weeks biggest gainers is the native asset of RSK Infrastructure Framework (RIF), a collaborative marketplace designed to offer a suite of blockchain-based solutions such as storage, domaining and payments.
On July 18th, RIF surged from a low of $0.003 to a high of $0.17, printing massive gains of 5,566%. The altcoin has retraced since and is currently valued at $0.10, up nearly 100% on the day.
Next up is Voyager Token (VGX), a cryptocurrency broker asset designed to allow users to trade dozens of digital assets and earn interest on their crypto deposits. VGX rallied from a seven-day low of $0.14 to a high of $1.03, representing an increase of over 635% within one week. VGX has pulled back after recording the weekly high and is now priced at $0.45.
Another hot crypto asset as of late is chrono.tech (TIME), a project aiming to provide blockchain-based solutions for issues arising in the field of human resources such as recruitment and payment processes. Over the past week, TIME has managed to climb from a low of $40.89 to a high of $154.80%, marking gains of over 278%.
At time of writing, TIME is trading at $134.05, down over 17% on the day.
The last coin is BarnBridge (BOND), a blockchain protocol designed to focus on tokenizing risk and enabling users to hedge price volatility and risk sensitivity. BOND has risen from a weekly low of $2.92 to a high of 9.79, representing a surge of more than 235%.
BOND has slightly corrected since and is now changing hands for $7.59.
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Four Under-the-Radar Altcoins Skyrocket 233% or More in Just Seven Days As Crypto Shows Signs of Life - The Daily Hodl
RUNE Price Analysis: $2.5 Breakout Bolsters Recovery Rally To Hit $3.4 – CoinGape
Published 22 hours ago
THORChain(Rune) price starts the new week with a bang as it breaches the weekly resistance of $2.5. While the coin price continues to climb higher today, a minor correction is plausible to validate this breakout. Thus, the retest phase may provide an entry opportunity for potential buyers.
Source-Tradingview
The RUNE/USDT technical chart showcases a textbook example of ascending triangle pattern in the daily time frame chart. While the crypto market struggled in uncertainty last month, the RUNE price under the patterns influence started showing higher low formation.
This run-up indicated a gradual rise in bullish momentum, which resulted in a decisive breakout from the $2.5 neckline resistance on July 18th. In addition, the long bullish candle provided a candle closing above the $2.5 mark and 50-day EMA, providing a higher footing to carry forward this rally.
With a 45.5% rise in volume, the RUNE price soars 8% and provides a strong follow-up candle. If the bullish momentum persists, the altcoin will climb 20.3% higher to hit the $3.4
However, it is unlikely the price may not retrace in between, as such a robust rally in a short time may encourage profit booking from traders. Therefore, a potential pullback may retest the $2.5 flipped support and check price sustainability.
Furthermore, as per the technical setup, the triangle pattern should lead the RUNE price above the $3.4 resistance.
Vortex indicator: the VI+ and VI- slope widens their gap in a bullish alignment, indicating strong buying in the market. This rising bullish momentum bolstered buyers to propel coin prices to the $3.4 mark.
Bollinger Band indicator: The RUNE price shows a breakout from the indicators upper band, accentuating their sudden growth. However, a retest to the overhead resistance usually induces a minor correction, which bolsters the retest theory.
From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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RUNE Price Analysis: $2.5 Breakout Bolsters Recovery Rally To Hit $3.4 - CoinGape
Robot Known for Outperforming Markets Eyes Ethereum, Solana, Hedera and One More Altcoin Amid Crypto Rebound – The Daily Hodl
A robot thats garnered a reputation for outpacing the crypto markets is revealing its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) both start the week with positive momentum.
Each week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a hive mind consensus.
The bots newest data finds that traders risk appetite has increased slightly compared to last week, with most market participants voting to overweight their portfolios with 13 altcoins in addition to crypto stalwarts Bitcoin at 40% and Ethereum at 30%.
Tied for second with a 30% heavyweight allocation was Ethereum competitor Solana (SOL), decentralized application-creating protocol Hedera Hashgraph (HBAR), and layer-2 scaling solution Polygon (MATIC).
Latest results of the Real Vision Exchange crypto survey. Participants are quite undecided about ranks #2 to #5.
1. Bitcoin 40%
2. Solana 30%
3. Hedera 30%
4. Polygon 30%
5. Ethereum 30%
Tied for sixth place with 20% boosted allocations were FTX cryptocurrency exchanges FTX Token (FTT) and automated market maker SushiSwap (SUSHI).
Participants also voted eight other prominent digital assets as overweight by 10%, including interoperability ecosystem Cosmos (ATOM), enterprise-grade interoperability solution provider Quant Network (QNT), smart contract platform Algorand (ALGO), lending and borrowing protocol Aave (AAVE), decentralized exchange Uniswap (UNI), cross-chain interoperability protocol Polkadot (DOT), ETH challenger Cardano (ADA) and Binances native token BNB.
The latest survey-based exchange portfolio allocation is led by Polygon at 29.5%, both Hedera Hashgraph and FTX Token at 16.8%, and Polkadot at 14.7%. Tied at 7.37% allocation were Bitcoin, Solana, and SushiSwap.
The bot itself also compiles a portfolio on its own, and Real Vision highlights Polygons popularity at a nearly 48% weighting.
Yesterdays rebalancing of the Real Vision Exchange crypto portfolio. The Exchange moves out of Ethereum and ramps up MATIC, FTT, HBAR, and Polkadot.
The Bot, known for being a maximalist, fell in love with the Polygon blockchain.
The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macro expert Raoul Pal has called the bots historic performance astonishing, saying it outperforms an aggregated bucket of top 20 crypto assets on the market by more than 20%.
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Robot Known for Outperforming Markets Eyes Ethereum, Solana, Hedera and One More Altcoin Amid Crypto Rebound - The Daily Hodl
Under-the-Radar Altcoin Surges More Than 115% in Seven Days, Defying the Crypto Market Doldrums – The Daily Hodl
The under-the-radar token of a decentralized autonomous organization (DAO) is surging this week, more than doubling its value.
The native token of Lido DAO (LDO) has skyrocketed from a seven-day low of $0.58 to a high of $1.25, marking an increase of 115.52% in just one week.
The 85th-ranked crypto asset by market cap has retraced since and is now changing hands for $1.08.
Lido DAO is designed to build liquid staking services for different blockchains. It allows participants to earn staking awards without having to lock any assets or maintain any kind of staking infrastructure. LDO can be used for collateral, lending, staking and yield farming.
Lidos share of staked Ethereum (ETH) is nearly one-third of the total amount of staked ETH, according to the projects Twitter page.
The project also has about $5.28 billion in total value locked (TVL). The TVL of a decentralized finance (DeFi) protocol represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
Lidos TVL has gone up 3% in the past 30 days. In comparison, the total TVL across DeFi is down nearly 3% over the same time period.
Additionally, crypto analytics firm IntoTheBlock notes retail interest in Lido is rising.
Retail Interest in Lido Finance is climbing. Retail holdings of LDO recently reached an all-time, with its price up 70% in the last week.
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Under-the-Radar Altcoin Surges More Than 115% in Seven Days, Defying the Crypto Market Doldrums - The Daily Hodl
XRP Price Predictions: Where Will the Latest Altcoin Rally Take the XRP Crypto? – InvestorPlace
XRP (XRP-USD) is one of the most fascinating cryptos to watch, and therefore, interest in XRP price predictions has surged. Investors are attempting to discern from a range of catalysts and headwinds where this coin is headed.
In fairness, thats a difficult job right now.
Todays rally of more than 3% over the past 24 hours suggests sentiment is growing bullish. Overall, the crypto market has recovered in impressive fashion today, breaching the $1 trillion mark for the first time in weeks. As investors digest whether this trend can continue, XRP will likely remain in focus.
Thats because this is perhaps one of the higher-volatility coins in the top 10 right now. XRPs parent company, Ripple, still has an ongoing lawsuit with the U.S. Securities and Exchange Commission. This lawsuit continues to depress XRPs value.
However, investors are taking an increasingly bullish view on potential outcomes for this case. It appears the experts agree. Lets dive into where the talking heads believe this coin could be headed from here.
For context, XRP currently trades at 36 cents per coin.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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XRP Price Predictions: Where Will the Latest Altcoin Rally Take the XRP Crypto? - InvestorPlace
Crypto Exchange Coinbase Adds Two Ethereum-Based Altcoins and One Project Built on Solana to Listing Roadmap – The Daily Hodl
Top US-based crypto exchange platform Coinbase is adding three altcoin projects to its listing roadmap.
Coinbases listing roadmap is a set of crypto projects that are on the path of possibly joining the exchanges roster of supported assets.
In a new announcement, Coinbase says it has updated its roadmap with the addition of Gnosis (GNO), a protocol designed as a decentralized prediction market built on the Ethereum (ETH) blockchain. GNO is used for transferring value and validating transactions on the network
GNO reacted to the Coinbase news by rallying over 9% on the day, currently trading at $133.
Also on the docket for Coinbases listing roadmap is Ethereum-based Metal (MTL), a payments platform aiming to make crypto payments more accessible to the general public. The MTL token is used as a means of payment.
MTL is up over 4% on the day following Coinbases announcement.
The third altcoin project placed on Coinbases listing roadmap is Raydium (RAY). Raydium is an automated market maker (AMM) and liquidity provider built on the Solana (SOL) network for the Serum (SRM) decentralized exchange.
RAY ignited a 10% rally from $0.86 to $0.95 after the news.
Coinbases listing roadmap was originally created to increase transparency by providing as much information symmetry as possible and to communicate with the market before deciding to list an asset.
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This Undervalued DeFi Altcoin Is Primed To Rise to Astronomical Heights, According to Coin Bureau Host – The Daily Hodl
A widely followed crypto analyst says decentralized borrowing and lending protocol Aave is bound to surge once the bear market is over.
In a new video, pseudonymous Coin Bureau host Guy tells his 2.08 million subscribers that AAVE remains undervalued during the current market downturn.
Today, Aaves ecosystem reserve only holds 1.7. million AAVE, according to Etherscan. On the demand side of this economic equation, Etherscan suggests that the number of AAVE token holders continues to rise and I suspect this is because the AAVE token sticker price has declined significantly, which has made it more appealing to investors who dont pay attention to market cap.
On that note, I couldnt help but notice the comments during the last video arguing that Aave was not undervalued because its ticker price was high when AAVE was, and arguably, still is undervalued as its market cap is four times smaller than the total value locked in the Aave protocol. Always remember that its the market cap that matters, not the price tag.
Guy says the new Aave stablecoin, GHO, will increase demand for the crypto asset.
What does [matter] is the relative lack of demand drivers for the AAVE token. The AAVE tokens utility is currently limited to governance and staking, which offers an admittedly attractive reward relative to alternatives, albeit with slightly higher risks.
The silver lining is that most of Aaves supply is in circulation, meaning there isnt much sell pressure left and this seems to be the rationale behind allocating the interest rates from the GHO stablecoin to the Aave treasury. It reduces the sell pressure for the AAVE token and ensures the protocols longevity.
The introduction of the GHO stablecoin should also increase the demand for AAVE since it will make it possible for Aave stakers to mint GHO at near-zero interest rates. The caveat is that an increase in staked Aave could dilute the overall staking reward, which could weaken Aaves second demand driver.
The analyst says several factors contribute to Aave shedding over 70% of its value in January, including energy and supply chain disruptions, a rise in interest rates and an increase in circulating supply, resulting in $40 million worth of potential sell pressure.
Guy says demand drivers will have minimal impact on the price of Aave because of the current downturn, but he expects the situation to change once the bear market is over.
The harsh reality is that Aaves future improvements to demand wont do much to change the fact that were currently in a crypto bear market, but it will help the Aave token rise to astronomical heights when the next bull market comes around, especially if the GHO stablecoin gains serious adoption.
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Ethereum [ETH]: The true meaning of >130 ‘millionaire’ whales coming back – AMBCrypto News
The cryptocurrency market registered a much-needed surge recently, with the market cap up to almost $1 trillion. Ethereum, the worlds largest altcoin, led the charge with a 14% hike following recent developments around the Merge.
ETH, at the time of writing, was trading around the $1.35k-mark thanks to renewed interest from enthusiasts. Whale activities just aided this cause, as highlighted by the analytical firm Santiment. Following this jump, 131 additional whales returned to the network in the last 10 weeks alone.
Heres the ETH whale supply distribution status check
Looking at the aforementioned graph, Santiment added
Theres an increase in the key 1k to 100k ETH address tier since early May where 131 new whale addresses have popped up on the network.
Moreover, the number of addresses holding 1+ ETH also reached an ATH of 1,554,716. So, its not just dominant buyers that deep-dived into this pool.
However, are these holders, be it old or fresh ones, seeing any profits? Well, yes.
CryptoRank evaluated the profitability of the most popular blockchains. Based on the data, it published a ranking of the top-10 blockchains by revenue in seven days.
Ethereum is the undisputed king here. Ethereum leads, followed by BNB Chain, Bitcoin, and Helium.
In addition to this, the 30-day returns for Ether underlined a positive picture too, as observed by research firm Jarvis Labs. Here, the 30d returns measure the short-term profit and loss of the aggregated market at a given time.
As per the graph, the 30-day returns for Ether are now moving towards 0% after being deeply negative since April. This may be a sign that the market is getting more bullish as the Merge approaches.
Here, instances when the 30-day returns dip below 0% during bull markets indicate prime buying opportunities. On the contrary, flips above 0% are ideal selling opportunities during bear markets.
Different traders and analysts have painted a bullish scenario for the altcoin. For instance, according to Michal van de Poppe, Ethereum could see a significant runafter it broke through a key level.
Having said that, one needs to be careful given the previous correction that this major altcoin has had. The flagship cryptocurrency traded above $3,000 before a severe downtrend in crypto-markets saw its value plunge.
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Ethereum [ETH]: The true meaning of >130 'millionaire' whales coming back - AMBCrypto News
MATIC: Will a mixed bag of these metrics be enough to hit $1 – AMBCrypto News
Polygons community has been in a celebratory mode over the past few days. As expected, MATIC has grown leaps and bounds too and is now showing promise after Q2s carnage. In fact, recent developments have added to the communitys hopes for the near future as the FOMC meeting looms.
MATIC is responding well to Polygons developments over the past few days. The altcoin has recorded double-digit gains over the last 24 hours, while trading at $0.76 at press time.
Even so, Santiment did share a word of caution in a recent tweet. While the post alerted that average MATIC traders are +28% in 30 days, Santiment concluded that a cooldown may be required soon.
Recently, Disney announced a collaboration with Polygon in its new accelerator program. Polygon will form one of the six companies in Disneys Accelerator Program. In doing so, it will focus on NFT development.
This years Disney Accelerator class is focused on building the future of immersive experiences and specializes in technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters.
A recent report covered other notable developments on Polygons network. Polygon has also released data suggesting the growth of the network among other dApps. This week alone, Good Ghosting and Slingshot entered the top-20 performing dApps.
Furthermore, CEO of Polygon studios, Ryan Watt, confirmed in a tweet that 50 cryptocurrency projects have migrated to Polygon from Terra. Simply put, this development represents a major coup for Polygons community.
MATICs metrics seemed to underline a mixed bag for traders though.
The Social Dominance metric is one that has floundered in recent days. The metric has been unable to grow, despite Polygons updates. This means that there are not enough social media mentions of Polygon by the community.
Moving over to the MVRV (30-day), MATIC has done exceptionally well over the past few days. The MVRV for MATIC has jumped by up to 39% as profitability increased of late.
There is now growing promise, especially since impressive development activity can be coupled with MATICs healthy growth. Is this enough for the altcoin to hit and breach $1? Well, only time will tell.
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MATIC: Will a mixed bag of these metrics be enough to hit $1 - AMBCrypto News