Category Archives: Altcoin
Ethereum Vs Shiba Inu: Which Cryptocurrency Is the Best Buy – CoinQuora – Live Crypto News
The debate on whether Ethereum is security broke out on crypto Twitter yet again, weeks ahead of the MergeEthereums transition from proof of work (PoW) to proof of stake (PoS). Nick Payton, a Bitcoiner on Twitter, argued that Ethereum users voted to change the properties of the asset, and the transition to proof of stake is evidence that the altcoin is security.
Vitalik Buterin, the founder of Ethereum, slammed critics and argued that proof-of-work proponents argument that voting on protocol parameters makes ETH security is false. Nodes reject invalid blocks in both PoW and PoS. The debate on whether Ethereum is a security is therefore raging on crypto Twitter alongside ETHs recovery from the slump it witnessed after US CPI data was released.
Based on data from CryptoCompares Asset Report released recently, Total Value Locked (TVL) in the Ethereum Network declined over 35% in June 2022, indicating a loss of interest in the altcoin.
Shiba Inu price began its recovery as the launch of stablecoin SHI and reward token TREAT approaches. The meme coin has wiped out its losses from the past two weeks. Shytoshi Kusamas announcement about development updates in the Shiba Inu ecosystem will soon be followed by another one with launch dates.
Shiba Inus ecosystem is expanding, in a manner similar to Ethereum. Ethereums layer-2 scaling solutions reduce the transaction cost and increase the efficiency of transactions, likewise, the launch of Shibarium, Shiba Inus layer two.
Ethereum price is faced with the possibility of further decline. A triple top was formed at $1,243, and without a daily close above that level, the bearish thesis is validated. If Ethereums price fails to cross $1,243, it is likely a bull trap.
Shiba Inus price is ready for a trend reversal and a drop to $0.00000953. The recent recovery in the meme coin coincides with the spike in social dominance and positive sentiment among SHIB holders. However, the rally is short-term. Once Shiba Inus price begins its downtrend, the bearish targets are $0.00000953 and $0.00000827.
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Ethereum Vs Shiba Inu: Which Cryptocurrency Is the Best Buy - CoinQuora - Live Crypto News
Shiba Inu [SHIB]: Why investors are active now with this BONE to pick – AMBCrypto News
Shiba Inus ecosystem is growing at a rapid pace, and with it, the participation of investors is growing too. Ergo, to create a sustainable environment for its upcoming Layer-2 blockchain Shibarium, the community has voted to reduce mining rewards.
The vote came in favor of the DOGGY DAO: BONE Farms proposal, which will adjust the current minting rate of BONE to just 1 BPB (BONE Per Block). The justification given by Shiba Inu for this move is to prevent the over minting of the BONE token.
Since Shibarium will require 20 million BONE to be secured for the operation of the L2 and since validators on the chain will be rewarded in BONE for verifying transactions, it is vital to make the process sustainable.
The announcement also read,
Furthermore, this adjustment will allow for ShibaSwap rewards to continue, in anticipation of the upcoming reward token TREAT, which is set to enter the ecosystem in the near future.
While it may be a trigger for investors to criticize Shiba Inu for its changing dynamics, in the long run, the blockchain will benefit from it.
Surprisingly, Shiba Inu took the first right step in the direction of creating a tenable future for the ecosystem.
The same, however, will have no impact on SHIB or the network since the rest of Shiba Inu will continue operating as it has.
From an investors point of view, SHIB is actually improving with every passing day, and so is the market. Earlier this week, SHIBs rally helped the altcoin flip the 50-day Simple Moving Average (blue) line into support after the same acted as resistance for almost two months.
Maintaining this support level will be crucial for SHIB going forward as the same would also bring it closer to flipping the 100-day SMA into support. This will likely prevent any drastic price fall on the charts.
Trading at $0.00001097 at press time, the meme coin seemed to be inching closer to recovering its June losses as well.
Following the same, the rate at which SHIB changes hands across addresses also shot up. This is a sign that investors are once again active on the network and will hopefully stay that way this time around. Especially in order to support consistent growth across the network.
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Shiba Inu [SHIB]: Why investors are active now with this BONE to pick - AMBCrypto News
Avoid FOMO with Big Eyes (BIG) and Dogecoin (DOGE) – They are destined to be the top Altcoins – Euro Weekly News
An altcoin is a term given to any coin that isnt Bitcoin (BTC). Through the crypto crash, meme coins flourished in popularity due to their loyal communities that have backed their platforms during the market slump. Dogecoin (DOGE) is the king of all meme coins boasting a market cap of over $8 billion.
Big Eyes (BIG) is a brand new project blowing a breath of fresh air into the crypto space. It prioritises the community and the welfare of our ecosystem as well as its own. The Big Eyes team is made up of five members, and all of them are cats!
Dogecoin (DOGE) has been the most popular meme coin since its introduction to the market in 2013. Initially started as a joke, Dogecoin (DOGE) quickly gained popularity and cemented its place with the crypto giants. The lovable dog rapidly gained a loyal following which has helped it survive each bear market thus far.
Further popularity engulfs Dogecoin (DOGE) from celebrity endorsements. FinTech specialist, Elon Musk, has regularly tweeted his support for the coin which has resulted in numerous spikes in value. He has been referred to as the Dogefather and with 50 million followers, even a small positive comment can have a lasting impact.
You might wonder, who runs Dogecoin (DOGE)? Well, no one does. Or rather everyone does equally. Software developers can propose new software for the platform, but active community members have to choose to adopt it.
The Dogecoin (DOGE) community continues to grow to this day, with no sign of slowing. If celebrity endorsements from the likes of Elon, Snoop Dogg, and Gene Simmons continue, Dogecoin could dominate the market on its journey to become the largest altcoin.
Big Eyes (BIG) is a community-driven token that looks to rival the popular dog-themed meme coins as seen in this article. Big Eyes will be owned by the community, and 90% of the tokens will be available at launch. It drifts away from the common presale new tokens go through.
NFTs have become a large part of the crypto space, and Big Eyes (BIG) wants to take advantage of it. Big Eyes plans to have an NFT collection in the top ten projects, with NFT events held each season. If you plan on buying a cute NFT you will be eligible to join the Big Eyes Sushi Crew. Its an exclusive club for all things cute!
Big Eyes (BIG) include a $2 million liquidity pool locked for two years, 10% of tokens in a charity and marketing wallet, and zero transaction tax. Protecting the worlds oceans is a large part of the Big Eyes roadmap. Funds raised from digital and physical merchandise will be given to ocean sanctuaries along with the charity wallet.
Although Big Eyes (BIG) is yet to release, dont count this newcomer out. Its high utility and good nature will surely entice celebrity endorsements. As stated before, celebrity endorsements are one of the biggest factors behind a successful meme token. This meme token could dominate the crypto space when it launches, keep your eye on Big Eyes.
Inflation and a rise in the cost of living have left people turning to crypto. Maybe what they need is some light-hearted fun in the form of a meme crypto community. This is what could see them rise to the top of the altcoin list.
Big Eyes (BIG) looks to replicate the success of the Dogecoin community and even take it a step further. Big Eyes plans to be here well into the future, so If youre looking for a sparkling community to be involved in, Big Eyes is the one for you. If you want to find out more about Big Eyes, read this article.
For more information on Big Eyes (BIG), please visit the following websites:
Website: https://bigeyes.space
Keywords: Big Eyes, BIG, Dogecoin, DOGE, Community, Altcoin, Celebrity endorsements, Crypto
Sponsored
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Avoid FOMO with Big Eyes (BIG) and Dogecoin (DOGE) - They are destined to be the top Altcoins - Euro Weekly News
Basic Attention Token (BAT)- Digital Ad blockchain (Top altcoin pick for the day) – EconoTimes
BAT is blockchain-based digital advertising. To improve the efficiency of digital advertising it has introduced a new browser Brave which offers 3-6x faster browsing compared to other browsers. It is a privacy-focused browser and it blocks invasive ads and trackers. The number of monthly active Brave users rose to 62 million in Jun 2022 from 33.8 million in June 2021 and daily active users to 19.2 million. Users can earn BAT by viewing the privacy-respecting ads.
Brave VS Chrome
Chrome
Brave
Speed
Normal speed
8 x faster
Privacy
Less privacy
High private
Ad blocker
less effective
Own AD blocker (efficient)
Memory usage
High
Less
Technical Analysis-
BAT regained above $0.450 after a minor sell-off to $0.350. It has outperformed BTC and ETH in the past month. In the 4-hour chart, it holds above short-term (21 and 55 EMA) and long-term 200 EMA ($0.3950).
The immediate significant resistance is around $0.50, any breach above targets $0.62/$0.75/$1.
The minor weakness only if it breaks below $0.35, violation below will drag the pair o $0.25/$0.20.
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Basic Attention Token (BAT)- Digital Ad blockchain (Top altcoin pick for the day) - EconoTimes
Crypto market wrap: altcoin prices stay in the green – Capital.com
Altcoin prices stayed in the green on Thursday as digital assets defied the crypto winter. - Photo: Shutterstock
Most altcoin prices stayed in the green Thursday as digital assets contradicted the crypto winter.
The majority of top 100 cryptocurrencies were up again after enjoying some solid increases on ]Wednesday. Low-profile altcoin prices again stole the show, but some big names also posted large increases.
STORJ enjoyed another banner day as it was up about 14% in afternoon trading in North America. (All figures based on CoinMarketCap data.)
But large player AAVEs increase was also in the same ballpark, ranking second among top gainers. AAVE was up about 18% from a week earlier.
Relative unknown internet computer (ICP) which is well-priced at more than $6 despite its low profile posted a 10% gain. Polygon (MATIC), whose increase trailed ICP by a few basis points, rounded out the four gainers.
Other lesser lights that stood out included the Convex Finance coin (CVX), MINA, NEO, NEAR, gnosis (GNO). And, NEXO was well in the green again after ranking among top gainers on Wednesday.
NEXO appears to be picking up steam after its parent company of the same name announced that it intends to buy distressed crypto lender and trader Vauld earlier this week.
Vauld froze deposits, withdrawals and trades earlier this week.
But the troubled Celsius Networks coin (CEL) bucked the rising altcoin price gain during afternoon. CEL nosedived 16% after the Wall Street Journal reported that the crypto lending company behind the network and digital asset had shaken up its board.
The Celsius Network froze customer withdrawals and transfers in mid-June while extreme market conditions. The company has slashed its debt, according to reports from Crypto Potato and other outlets.
VGX, the coin backed by troubled crypto lender and trader Voyager Digital, was down marginally.
Voyager Digital filed for Chapter 11 bankruptcy in the US on Tuesday and is seeking protection from creditors in Canada, where the companys stock had traded before being suspended Wednesday by the countrys investment industry regulator.
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Mark Cuban, the owner of the Dallas Mavericks NBA team, has come under fire from its fans on social media, including Reddit and Twitter, for promoting Voyager to them in a five-year partnership with the company launched in October 2021.
The critics included New York Times bestselling author James (Jim) Rickards, who is also the editor of the Strategic Intelligence financial newsletter.
When Mark Cuban partnered with crypto player Voyager, he said, There's a lot of hype..but most people don't understand the fundamentals behind it. I guess Cuban didn't either. It's called banking, Rickards wrote on Twitter.
Ether (ETH) rises with bitcoin
Bitcoin (BTC) rose above $21,000 which is considered a key benchmark as investors hope to avoid a precipitous drop. The worlds largest cryptocurrency posted a solid increase of approximately 6%.
Ether (ETH) made a similar jump.
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Crypto market wrap: altcoin prices stay in the green - Capital.com
Analyst Bullish on Chainlink (LINK), Says Ethereum (ETH) and One Small-Cap Altcoin Could Be Ready for Rallies – The Daily Hodl
Popular crypto analyst Michal van de Poppe is updating his price targets for a trio of altcoins, including Ethereum (ETH).
Van de Poppe tells his 614,600 Twitter followers that oracle network Chainlink (LINK)is currently at an opportune price.
Chainlink at $6-8 is still an opportunity of a lifetime.
Van de Poppe predicted in late May that LINK could break out from its lingering slump if it surpassed the $7.50 resistance level. At time of writing, Chainlink is trading for $6.33.
LINK had surged to as high as $9.46 on June 9th before tumbling below $5.50 just four days later.
Moving on to leading smart contract platform Ethereum, Van de Poppe says hes optimistic as ETH recaptured the $1,000 level back on June 19th and has held the line ever since. Van de Poppe says he could see the top altcoin rally to $1,400.
Ethereum looks ready for this run.
Good bounce on the area of $1,080 and good recovery of the daily.
Expecting the highs to be tested and then possible $1,400.
Ethereum is up 4.3% over the past 24 hours and is changing hands at $1,182 at time of writing.
Last on Van de Poppes watch list is ETH challenger Fantom (FTM), which he previously said needed to flip the crucial $0.26 level.
Now the analyst says that after breaking through the $0.26 barrier, his next targets for FTM are $0.29 and $0.31.
FTM broke through resistance.
Flip of the area means $0.29 and possibly $0.31 next.
Fantom is currently up by 2.11% on the day, trading for $0.263.
Featured Image: Shutterstock/Bruce Rolff/AtlasbyAtlas Studio/David Sandron/VECTORY_NT
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Analyst Bullish on Chainlink (LINK), Says Ethereum (ETH) and One Small-Cap Altcoin Could Be Ready for Rallies - The Daily Hodl
Here’s what ALGO whales are up to while it treads shallow waters – AMBCrypto News
The crypto market was expected to recover at the beginning of the third quarter. However, most cryptocurrencies failed to initiate any rise, consequently failing to show recovery. One such altcoin that failed to show any signs of recovery is Algorand [ALGO]. The altcoin has been stuck in a downtrend for a few months now, resulting in the whales taking charge of the asset.
And a big one at that. ALGO whales, up until April 2021, dominated most of the supply of the altcoin, but since then, the concentration of the altcoin has reduced significantly, and as of 6 July these whales only account for 15.31% of the entire supply.
However, it seems like this cohort is planning on regaining some of that lost dominance. In terms of the total tokens in the control of the whales, the figure stood at 1.4 billion ALGO as of June 2022. These ALGO tokens are worth approximately $420 million, whereas as of 6 July, the same has risen to 1.92 billion ALGO (576 million).
Although the growth may not look as significant, this is the most that these whales have reacquired in more than ten months. Furthermore, this level of high concentration was last observed in September 2021.
This is despite the fact that in the last 24 hours, the outflows amounting to 183 million ALGO have been the highest outflows observed in about six months.
This shows that despite having about 14 million ALGO HODLers, most transactions are still being conducted solely by the whales.
Even at the time of writing, of the total volume generated through on-chain transactions coming up to $75.66 million, $63.9 million came from whales alone.
Given that ALGO is only declining on the charts, this is the most appropriate time for the whales to accumulate as much as they can since retail investors arent. This would place them in a position that would reap profits to them right off the bat once the altcoin goes up.
The chances of the same arent too meek since the MACD is still maintaining its bullish crossover and the candlesticks arent too far away from the 50-day Simple Moving Average (blue) either, and flipping it into support would give ALGO the push it needs.
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Here's what ALGO whales are up to while it treads shallow waters - AMBCrypto News
Analyst Says One Ethereum-Based Altcoin Is Setting Up for Possible 100X Rally As Crypto Markets Consolidate – The Daily Hodl
A popular crypto analyst says Chainlink (LINK) could see short-term losses while setting up for even bigger returns down the road.
Crypto trader Kevin Svenson tells his 109,500 Twitter followers that if Ethereum (ETH) drops to the $500-$700 range, LINK will correspondingly plummet to $2.00-$3.00 territory.
In the next few years, thats a 100x return on Chainlink if you buy [LINK between $2-$3]. If these prices show up, you better be ready.
Im avoiding most alts right now. The reason I mention ETH and LINK as good buys is because they are the most highly adopted projects in the entire industry. True infrastructure plays. Long-term potential.
Svensons 100x call on LINK appears to be based on its performance between April 2019 to May 2021 when the altcoin rose 13,200% to its all-time high of $53.
Chainlink, the 24th-ranked crypto asset by market cap, is trading for $6.61 at time of writing. The Ethereum-based decentralized data feed and oracle platform is down more than 2% over the last 24 hours.
Ethereum is trading for $1,196 at time of writing, down nearly 1% on the day.
Svenson believes the overall crypto bear market will continue in the short term.
The Destructive Domino Effect weve seen unfold in this crypto bear market has been historic. An over-leveraged market starting with LUNA creating downside pressure, BTC miners capitulating, then that bled into the lending platforms falling [one] after another.
Its hard for me to believe that all of this would just end now without it more pain. Probably still some more blood to come. But the good news is events like these are usual markers of a cycle bottom. Just depends on where/when exactly that will be.
Featured Image: Shutterstock/Relight Motion
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Analyst Says One Ethereum-Based Altcoin Is Setting Up for Possible 100X Rally As Crypto Markets Consolidate - The Daily Hodl
Daily crypto wrap: Hive on a roll as other altcoin prices slide – Capital.com
The Hive blockchain network's coin soared about 30% on Tuesday as other altcoin prices slid. - Photo: Shutterstock
HIVE went on a roll Tuesday as other altcoin prices slid.
The low-profile cryptocurrency soared about 30% during afternoon trading in North America as traditional markets closed, according to CoinMarketCap data. Standing out in a market that continues to underperform, HIVE was up about 44% from the previous week and approximately 23% from a month earlier.
Only terraclassicUSD posted better results than HIVE on Tuesday. TerraClassic is actually the renamed terraUSD, a stablecoin that collapsed last month after losing its peg to the US dollar. Although the price collapsed, the coin quietly kept trading. The original luna coin collapsed at the same time and has since been reborn on a new blockchain under the name LUNA2.
The token spiked Tuesday in conjunction with an ask me anything (AMA) season hosted by Elmas Land, the digital autonomous organization (DAO) that governs it. (AMAs) are similar to question-and-answer sessions between a company and shareholders.)
HIVE is backed by a decentralized information-sharing blockchain network of the same name. According to Kalkine Media, the network is used by such popular Web3 apps like Splinterland, PeakD, and HiveBlog. Web3, also known as Web 3.0, refers to the next generation of the Internet, which will include many 3D features.
HIVE is tied to the hive backed dollar (HBD), a stablecoin supported by the US dollar. According to the Hive website, HIVE and HBD deploy two decentralized conversion operations designed to keep HBDs value at $1 with a tight margin.
HBD holders who store their tokens on the Hive blockchain currently receive 20% interest.
Meanwhile, 1INCHhit paydirt Tuesday, rising about 13.5%, according to CoinMarketCap data. The coin was up approximately 9% from a week earlier.
1INCH is backed by decentralized exchange aggregator of the same name. According to Decrypt, the aggregator scours other decentralized exchanges for the cheapest fees and reroutes its customers crypto trades accordingly.
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BitTorrent New (BTT) also had a big day Tuesday as it climbed about 9% to go up roughly 13% from a week earlier. The coin is tied to the BitTorrent File System (BTFS), a decentralized storage service which its developers describe as both a protocol and network implementation that provides a peer-to-peer (p2p) mechanism for storing and sharing digital content, such as music. BTFS runs on a single blockchain that uses a delegated proof-of-stake system to process transactions as quickly as possible and increase the value of BTT.
KAVA, a proof-of-stake coin createdby Kava Labs, was also among the few altcoin gainers on Tuesday. Backed by the Cosmos blockchain, the token is used for lending purposes, enabling holders to earn passive income. But KAVA holders are required to keep their coins in a staking pool for a specific period of time, according to Outlook India.
Most other cryptocurrencies were down Tuesday as bitcoin (BTC) remained in the $20,000-$21,000 range. ETH, the worlds second most valuable coin, which is backed by the Ethereum blockchain network, stayed in the $1,100 range.
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Daily crypto wrap: Hive on a roll as other altcoin prices slide - Capital.com
Bitcoin (BTC) Slips, Analyst Points To Altcoin Resilience – Benzinga – Benzinga
Bitcoin and other major cryptocurrencies showed weakness Tuesday evening as the global cryptocurrency market cap slipped 2.8% to $908.1 billion at press time.
See Also: Best USDC Interest RatesWhy It Matters: Cryptocurrencies traded in the red as risk assets lost momentum on Tuesday, when the S&P 500 and Nasdaq fell 2% and 3%, respectively. At press time stock futures traded flat.
Bitcoin remains anchored at around the $20,000 level and wont break out until Wall Street is confident a broader slowdown is not happening, said Edward Moya, a senior market analyst at OANDA.
Cryptocurrency trader Michal van de Poppe said on a technical level altcoins such as Ethereum are showing more strength than Bitcoin. Pointing to the BTC/ETH chart, the analyst said ETH had a solid bounce from heavy support zone after a downwards movement.
Van de Poppe saidEthereum is currently fighting resistance around 0.06 BTC ... If it breaks it, then I'm looking at 0.065 BTC.
Even so, positive commentary about the second-largest coin by market cap is very scarce these days, according to Santiment. The market intelligence platform tweeted that the ETH ratio of positive versus negative comments hasnt been this low since May 2018.
Chartist Ali Martinez said there are two clear levels to watch out for Ethereum. The coin has support at $1,100 and resistance at $1,320.
Over on the apex coin side, the exchange inflow volume (7-day moving average) touched a one-month low of $30,023,409.30, according to data from Glassnode.
The decline in exchange inflows is an indication that investors may be holding on to their Bitcoin.
Read Next: Two Charged For Attempting To Steal Millions Of Dollars In Bitcoin
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Bitcoin (BTC) Slips, Analyst Points To Altcoin Resilience - Benzinga - Benzinga