Category Archives: Altcoin
Zilliqa price bleeds overnight as crypto analysts predict exit rally in the altcoin – FXStreet
Zilliqa price is suffering a decline, posting 7% losses consistently. Zilliqa has been listed on a cryptocurrency exchange, however, the listing event failed to influence the altcoins price positively in the short-term.
Zilliqa price is currently suffering a downtrend after its rejection from the 0.5 Fibonacci retracement level. The altcoin has broken below its 50-day Exponential Moving Average (EMA), a further bearish sign in Zilliqa chart.
Zilliqa price has witnessed a consistent decline in its price over the past two weeks. The altcoin was hit by the crypto market bloodbath and failed to recover losses.
The ZIL crypto is currently trading below its 50-day EMA. Bitpanda, a leading liquid exchange, recently listed Zilliqa, introducing the altcoin to more investors. Analysts believe Zilliqa price has a critical psychological level at $0.1, and the altcoin broke past it on April 26, 2022.
A break past the psychological level is key to the altcoins price recovery and trend reversal.
Analysts at The Market Periodical believe Zilliqa price could witness a spike in selling pressure and continue a downtrend. However, if Zilliqa price breaks past $0.1, the altcoin could confirm a bullish reversal and climb higher.
Philipp Weber, a crypto analyst and trader, believes Zilliqa price could continue consolidating and drop to $0.078. The analyst notes that if Zilliqa price gets rejected and spirals lower, it could continue its downtrend.
Can zser, technical analyst and trader, is bullish on Zilliqa price and holds an opposing view. The analyst predicts a climb to $0.091.
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Zilliqa price bleeds overnight as crypto analysts predict exit rally in the altcoin - FXStreet
Analyst Says One Ethereum-Based Altcoin in Midst of Parabolic Surge, Predicts Rallies for Two Additional Cr… – The Daily Hodl
A popular crypto strategist says hes keeping a close watch on one Ethereum-based altcoin that he says is going through a parabolic rally.
Pseudonymous crypto analyst Altcoin Sherpa warns his 174,000 Twitter followers that shorting Kyber Network (KNC) while it is trading close to record highs is not a good idea for now.
KNC: Dont really think you want to long or short this thing in the short term. It looks parabolic and price discovery is always unpredictable. With that said, this is also going to be a glorious short eventually. Id prefer waiting for the breakdown first.
Kyber Network is a decentralized, blockchain-based exchange that focuses on aggregating liquidity and facilitating instant swaps between ERC-20 tokens. At time of writing, KNC is exchanging hands for $4.83.
Another token on the traders list is ApeCoin (APE), an altcoin created for the Bored Ape Yacht Club non-fungible token (NFT) community. Altcoin Sherpa predicts that APE will print new all-time highs.
APE: its probably going to soundly break all-time highs given the overall land sale but this is also a sell-the-news period soon, in my opinion. The entire area upcoming is a dangerous area from a [technical] perspective but I think [fundamentals are] more important right now.
Next up is Ethereum (ETH) competitor and smart contract platform Avalanche (AVAX). According to Altcoin Sherpa, AVAX is still bullish on high timeframes despite its sharp corrective move over the past weeks.
AVAX: Still just a range but also technically a bullish market structure as long as this low holds, in my opinion. I think this one does pretty well as long as BTC holds up.
The last coin on Altcoin Sherpas radar is NFT marketplace LooksRare (LOOKS). According to the analyst, LOOKS is at risk of a 16% pullback now that it is trading below support at $1.68.
LOOKS: If this area fails, its going down to the low $1.30s, in my opinion.
At time of writing, LOOKS is trading for $1.66.
Featured Image: Shutterstock/lassedesignen/Natalia Siiatovskaia
Can ApeCoin APE its way to $20 thanks to its demand – AMBCrypto News
As the broader market flashed green, most altcoins followed suit today. Others, however, corrected their immense hikes from the day before, with ApeCoin being one of the latter.
While in the early hours of 25 April, APE was down by 4.64%, it recovered and rallied throughout the rest of the day to mark a 15.13% hike. Soon, the altcoin registered a 8.61% drawdown, one which corrected the overall rally of the last 24 hours to just 7%.
Alas, beyond this one-day hike, APE has been performing exceptionally this month as an investment vehicle. Within the span of just 20 days, the altcoin shot up by 82.32%, from $10.65 to $19.3. At press time, it was trading at $17.65.
The correction seemed necessary since APEs consistent appreciation has been overheating the market. And, the red candles can help in the cooldown.
This consistent bullishness is coming from the altcoins growing adoption. In fact, it has grown by 44% within a month. Transactions on-chain surrounding ApeCoin have increased from 298k to 360k and are only continuing to rise too.
The network is adding about 1102 investors every day, which is good enough for a cryptocurrency that was launched a little over a month ago.
On the contrary, it is disappointing too since BAYC is no random NFT collection. With a floor price of 138 ETH ($414.3k), the collection has historically conducted more than $1.53 billion worth of trades. Ergo, a mediocre hike is disappointing in the case of APE, but a rise nonetheless in this market is good enough.
In fact, a slow and sustainable rise is also what is attracting more and more investors towards the asset gradually. After some apprehension earlier this month, APE holders began appearing over the last week or so. At press time, the network was expected to have about 14k active addresses.
14k holders out of APEs 52k total holders represent almost 27% of the investors present and participating in a day. This is a much larger proportion of participation in comparison to Bitcoins 2.4%, Ethereums 0.6%, and Cardanos 0.37%.
This shows that APE still has significant support from its investors. This will be crucial in pushing the price above $20.
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Can ApeCoin APE its way to $20 thanks to its demand - AMBCrypto News
What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market Report – Cointelegraph
The Market Report with Cointelegraph is live right now. On this weeks show, Cointelegraphs resident experts discuss the top three trending altcoins you might want to consider looking at in 2022.
But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.
Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each of them makes his case for what he thinks is the top trending altcoin to buy in 2022. First up, we have Bourgi, with his pick of Terras LUNA, which offers a stablecoin system and a native blockchain. TerraUSD (UST) is now the third-largest stablecoin with a market capitalization of $18.3 billion.
TheLuna Foundation Guard also plans to spend about $10 billion on Bitcoin (BTC) reserves, but could there be a risk backing UST with an asset that has an entirely different risk profile? Also, the total decision on how to spend the $10 billion lies in the hands of one man, Do Kwon, a co-founder of Terra. Can a single person really decide how to spend such an enormous fund?
Yuan is next with his pick of ApeCoin (APE), which has a current valuation of about $15 billion. It also has a lot of celebrity influence, a product structure similar to Tesla and an ecosystem that will unlock even more utility for ApeCoin, such as metaverse assets, property, rent, loans, etc. On the downside, however, nothing in the metaverse is operational at the moment, and everyone trusts the vision of ApeCoins board. Plus, there is no telling yet how it will compete with the likes of Meta, Google and Decentraland once it finally does get up and running.
In the third spot, weve got Finneseth. This week, he has decided to go with STEPN (GMT), which brands itself as a Web3 lifestyle app and is designed to promote a healthier lifestyle where users can earn rewards for walking, jogging or running outdoors. It also integrates the concept of nonfungible tokens (NFT) with its Sneakers, which can be equipped before the user starts their outdoor activity with GPS activated to earn rewards.
Users have the ability to level up their sneakers and then sell them on the marketplace for GMT, which can be converted to USD Coin (USDC). Its an interesting and unique concept, but will it be enough to sway our loyal viewers to vote for him in our live poll?
After the showdown, weve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Oasis Network (ROSE) and Everest (ID).
Do you have a question about a coin or topic not covered here? Dont worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100.
The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraphs YouTube page and smash those like and subscribe buttons for all our future videos and updates.
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What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market Report - Cointelegraph
Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data – The Daily Hodl
New data shows that the biggest Ethereum (ETH) whales are loading up on meme coin Shiba Inu (SHIB), the new kid on the crypto block ApeCoin (APE) and two metaverse tokens.
The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses.
The digital asset whale-monitoring website shows that in the last 24 hours, trading volume among deep-pocketed crypto investors puts virtual world The Sandbox (SAND) in fifth place with 115,191 traded for a total of $295,211.
In addition to Ethereum itself and several dollar-pegged stablecoins, mega-whales have also taken an interest in Yuga Labs ApeCoin (APE).
APE, the social cryptocurrency for the popular Bored Ape Yacht Club (BAYC), has seen 5,028 tokens bought and sold for a total of $90,167 over the past day following the debut announcement of its new metaverse creation Otherside.
The whale wallets are also wheeling and dealing with 3D virtual reality world Decentraland (MANA), which is one place behind APE in eighth with a daily activity volume of $81,422 for 44,219 tokens.
Dog-themed altcoin Shiba Inu (SHIB) rounds out the top 10 with nearly 2.4 billion tokens exchanged for $56,218.
WhaleStats also took to Twitter to report several noteworthy crypto whale transactions:
WhaleStats also provides a broader snapshot of what the 5,000 wealthiest ETH whales are holding. Among the top 10 most popular crypto assets, SHIB tops the list and MANA comes in at ninth.
Featured Image: Shutterstock/lumerb/Andy Chipus/karnoff
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Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data - The Daily Hodl
Under-the-Radar Altcoin Defies Crypto Market Correction With 43% Price Spike in Less Than a Day – The Daily Hodl
As most crypto assets undergo more downward price action, one overlooked altcoin has defied the current market condition of digital assets.
Decred (DCR) is a cryptocurrency using a hybrid proof of work (POW) and proof of stake (POS) consensus model.
When blocks are mined on Decred, a portion of rewards are given to POW miners, while stake voters get another cut. A third, smaller portion goes to a Project Treasury fund, mainly used for development of the protocol.
Decred has also been working on ways to implement privacy in simpler ways than other privacy coins like Monero (XMR) or Zcash (ZEC), using a codeset called CoinShuffle++.
Recently, the Decred community voted on a proposal to reduce the POW mining rewards from 60% down to 10%, in order to defend against malicious miners with a history of price manipulation. In addition, stake voters will have their rewards raised from 30% to 80% under the update.
Decreds project lead, Jake Yocom-Piatt explained in a Twitter thread some of the motivation behind the update.
A hidden risk we found with Decreds POW is that a malicious mining cartel can, instead of selling at market prices, accumulate a vast inventory of coins, which can then be wielded as a weapon against positive price action.
While this risk has been exposed specifically with Decred, a similar strategy has likely been applied for every notable majority-pow coin. People who care about pow and its fairness should be aware of this hidden risk.
POW and POS both have notable strengths, but we have found that the typically-overlooked risk of a mining cartel suppressing markets with its inventory is a massive downside to POW.
Markets have appeared to respond well to the developments, with DCR outshining most of the market, and significantly outperforming Bitcoin and Ethereum. DCR managed to jump from $56 on Sunday to a local high of $80 before correcting, representing 43% gains in just several hours.
In the same time frame, both Bitcoin and Ethereum have corrected 2.9% and 4.8% respectively.
At time of writing, DCR is changing hands at $65.38, still up 18% in the last 24 hours.
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Under-the-Radar Altcoin Defies Crypto Market Correction With 43% Price Spike in Less Than a Day - The Daily Hodl
Ethereum-Based Payments Altcoin Explodes 126% in Matter of Days As Bitcoin Breaks Above $41,000 – The Daily Hodl
An Ethereum-based altcoin project designed to bring crypto payments to the mainstream is soaring after announcing a new milestone.
The Metal Pay wallet app allows people to buy, sell and trade cryptocurrencies as well as send capital to acquaintances.
The projects central crypto asset, Metal (MTL), has more than doubled in price since April 11th, soaring 126% from a low of $1.52 to a high of $3.44 earlier today.
The San Francisco-based project founded in 2017 recently announced that its partnering with the London-based Railsbank to bring services to users in the European Union. Metal is currently available in most US states.
Chief financial officer Irina Berkon tweeted a screenshot documenting her first successful transactions using the newly launched feature in Europe.
After correcting, MTL remains up 5.4% on the day and is priced at $3.17.
Another payments-focused project is soaring alongside Metal.
Crypto liquidity platform ZoidPay (ZPAY) recently said that staking is now live on the Maiar decentralized exchange (DEX), where stakers can earn up to a maximum of 25% APR in ZPAY.
ZPAY has been on a tear over the past week, steadily rising from a low of $0.34 to a peak of $0.81, marking gains of 138%. ZPAY has corrected slightly but still remains up 16.9% on the day and is trading for $0.76.
Maiar was created by the Elrond Network, whose native crypto asset EGLD powers the projects enterprise-grade scalability and decentralized application (DApp) solutions.
The Cyprus-based ZoidPay began in 2018 with an emphasis on providing financial services for the Web 3.0 environment.
ZoidPay users can shop anything from anywhere with crypto, and developers have access to a range of tools that offer interoperability and cross-chain liquidity using application programming interfaces (APIs) and software development kits (SDKs).
The two payments altcoins are soaring amid choppy seas for the broader crypto markets.
Bitcoin (BTC) has once again broken above $41,000 after dropping to about $38,800 on Sunday. Meanwhile, Ethereum (ETH) is now above $3,100 after dropping to about $2,900 over the weekend.
Featured Image: Shutterstock/Rakesh khisa/Natalia Siiatovskaia
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Ethereum-Based Payments Altcoin Explodes 126% in Matter of Days As Bitcoin Breaks Above $41,000 - The Daily Hodl
Litecoin [LTC]: What is a ‘good time’ to buy into the altcoin – AMBCrypto News
One of the first proper alternatives to Bitcoin, Litecoin has amassed a huge following all across the crypto-community. While never as popular as BTC, LTC has carved a niche for itself, with its price valuation reflecting the same as well.
Like most altcoins, Litecoin registered an incredible price rally too. Towards the beginning of 2021, it climbed from $125 to nearly $400, before falling to where it is now Trading below even its early-2021 levels of ~$114.
However, there seems to be light at the end of the tunnel.
LTC/USDT | Source: TradingView
On the charts, Litecoin seems to be falling into a descending wedge and a breakout over the upper resistance trendline can potentially bring about a major rally. That is, provided the broader market behaves well. In fact, it is well-positioned with the RSI at 50 and just millimetres away from a close above the 50-day moving average.
Fundamentally, it looks like a strong recovery candidate too. LTCs BitMEX basis ratio has remained reasonably in the positive zone. This suggested that Futures have enjoyed a premium over spot prices. It also goes on to suggest that derivatives traders and investors have so far stayed optimistic about the future of this altcoin.
Bitmex Basis Ratio | Source: Santiment
Litecoins perpetual futures funding rates across exchanges like Binance, BitMEX and FTX have stayed positive too, further attesting to the above inference.
This indicates that derivatives traders with long positions are willing to pay the difference to keep their positions open.
Perpetual Futures Funding Rates across Exchanges | Source: Santiment
Litecoins on-chain Daily Active Addresses have remain fairly steady too, despite the fall in prices since November of last year. This is a sign that users on the network still trust and have faith in it over the long run.
Daily Active Addresses | Source: Santiment
However, not everything seems rosy for this particular altcoin. Santiments Adjusted Price DAA Divergence tool flashed a major sell signal on the chart.
Looking at the magnitude of the latest red bar on the chart, a correction in the short term may be expected.
Adjusted Price DAA Divergence | Source: Santiment
Ergo, the overall picture seems quite optimistic for Litecoin going ahead. A gradual accumulation as you go along, with buying the dips, could be the best strategy for this altcoin.
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Litecoin [LTC]: What is a 'good time' to buy into the altcoin - AMBCrypto News
Low-Cap Ethereum Competitor Surges 68% In One Week, Outpacing Vast Majority of Crypto Projects – The Daily Hodl
One low-cap altcoin is skyrocketing by more than 68% this week amid a surge of total value locked (TVL) on its protocol.
The native asset of the scalability-focused smart contract network Everscale (EVER) is trading at $0.369996 at time of writing.
The 169th-ranked crypto asset by market cap is up 13.8% in the past 24 hours and 68.2% in the past seven days.
The TVL of any 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.
Data from the crypto analytics platform DeFi Llama indicates the Ethereum rivals TVL has jumped up by more than 126% in April alone, from $33.32 million on April 1st to $75.44 million at time of writing.
The FlatQube (QUBE) decentralized exchange, which operates on the Everscale network, launched its native utility token, QUBE, in late March on the networks launchpad, EverStart. Everscale users deposited more than 12.45 million EVER to acquire QUBE, according to a press release.
About a week ago, the FlatQube DEX launched QUBE, the platforms native utility token. The token launch was intended as an experiment to gauge the communitys interest in governance and support of the platform, as a result, the team has burnt all the EVER tokens deposited in order to receive QUBE tokens.
Out of that total deposit haul, Everscale says it will burn more than 2.45 million EVER.
Featured Image: Shutterstock/Ioana Davies (Drutu)/Sensvector
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Low-Cap Ethereum Competitor Surges 68% In One Week, Outpacing Vast Majority of Crypto Projects - The Daily Hodl
Top 10 Altcoins to Buy After You Sell Your Bitcoin Investment – Analytics Insight
Undoubtedly, Bitcoin is the most sought-after cryptocurrency globally. However, there are a good number of altcoins out there that are performing quite well. Have a look at the top 10 altcoins to buy after you sell your Bitcoin Investment.
Undoubtedly, Ethereum is ranked as the second-largest cryptocurrency after Bitcoin. What catches the attention of the investors is the very fact that Ethereum boasts of certain potential applications, particularly the smart contracts that automatically execute when conditions are met. Well, this altcoin definitely has to be on your list to buy.
Polkadot is one cryptocurrency that has seen impressive growth in its value over a period of time. With its ability to seamlessly connect all heterogeneous blockchain networks, Polkadot has surely grabbed eyeballs. As there are numerous projects being built on the Polkadot ecosystem, this digital currency is going to soar high in value.
Cardano is yet another altcoin that deserves a special mention. This cryptocurrency has continued to grow ever since it was launched and the year 2021 was no less. As it cuts down the transaction time and energy consumption as well, investors are inclined towards it. No wonder, this is a good investment to make.
This altcoin works with a blend of proof-of-stake and proof-of-history mechanisms. By virtue of this, it has managed to fetch huge returns for the investors. Solana has outshined other altcoins in various areas decentralized finance (DeFi), decentralized apps (DApps), and smart contracts, to name a few.
Tether, as known to many, is one of the most stable cryptocurrencies. This has become a go-to altcoin for those investors who arent willing to take many risks. Tethers value is considered to be more consistent than other altcoins, which is why it is favored by a lot of investors.
Litecoin has emerged to become one of the best altcoins in no time. One of the best features of Litecoin is that it has a faster block generation rate when compared to Bitcoin.
Binance, one of the largest crypto exchanges in the world had launched the Binance coin. A significant increase in the value of this altcoin over the years throws light on why investing in it would be worth it all.
Ripple XRPs ability to facilitate exchanges of different currency types, including fiat currencies and other major altcoins has grabbed eyeballs from everywhere across. Additionally, the rise in its value is good enough evidence of how much potential this cryptocurrency holds.
This altcoin was launched in the year 2013 and since then Dogecoin has evolved to become one of the leading cryptocurrencies in the entire cryptocurrency market. The fact that major companies like Dallas Mavericks, Kronos, and SpaceX have relied on this altcoin is solid proof of the same. Well, who would deny that Dogecoin shouldnt be one of the 10 altcoins to buy after you sell your bitcoin investment?
This is more of a community- and supporter-driven altcoin that enjoys the security and advanced features of the Ethereum ecosystem. Recently, Shiba Inu has posted significant growth. This itself is an indication of how good an investment it is.
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Top 10 Altcoins to Buy After You Sell Your Bitcoin Investment - Analytics Insight