Category Archives: Altcoin
Bitcoin, Ethereum and major altcoins reduce earnings – D1SoftballNews.com
Bitcoins price rose above the USD 45,500 resistance level. However, BTC failed to continue higher and began a new decline below USD 44,000. Currently (04:17 UTC) it is trading close to USD 43,200 with a bearish angle.
Likewise, most of the main ones too altcoin have decreased. ETH was trading below the USD 3,120 support level. XRP fell below the key USD 0.85 support zone. ADA is approaching the USD 1.12 support.
After a decent move above USD 45,000, Bitcoins price also rose above USD 45,500, but failed to stay above this zone. As a result, there was a new bearish reaction below USD 44,000. The price has fallen below the USD 43,500 level, while immediate support is near the USD 43,000 level. The next key support is near USD 42,750, below which the price could fall stronger.
On the upside, an initial resistance is found near the USD 43,800 level. The next major resistance is near the USD 44,000 level, above which the price could revisit USD 45,500.
The Ethereum price failed to stay above the USD 3,250 level again. It fell below USD 3,100 and may continue to fall towards the USD 3,020 support. The next major support is near USD 3,000, below which the price could slide to USD 2,950.
If there is another hike, the price could face resistance near USD 3,120. The next key resistance could be near the USD 3,200 zone.
Cardano (ADA) fell below the USD 1.15 support level. It is now approaching the USD 1.12 support zone. If there are further losses, the bears could test the USD 1.05 support.
Binance coin (BNB) is back below USD 420 and is trading near the USD 412 support. If the bears stay in action, the price could drop below the USD 400 support. The next major support is near the USD 380 level.
Solana (SOL) is down 6% and is approaching the USD 102 support. If there is a break down below USD 102 and USD 100, the price could have a stronger decline. In this case, it might test USD 85 support.
Dogecoin (DOGE) is once again consolidating near the USD 0.150 level. If there is a break down below USD 0.150, the price could drop to USD 0.132. Conversely, it could move up towards the USD 0.175 resistance.
The price of XRP failed again to break out of the USD 0.920 resistance. There was a new bearish reaction and this time the price was also trading below the USD 0.85 support. The next major support is near USD 0.82.
Many altcoins fell more than 5%, including LUNA, DOT, SHIB, MATIC, ATOM, LINK, NEAR, UNI, ALGO, LEO and FTM. Conversely, THETA gained 21% and broke the USD 4.00 resistance, increasing its weekly gains to 45%. SLP was up 23% in one day and 232% in one week, surpassing the $ 0.036 level.
Overall, bitcoins price is struggling below USD 44,000. If BTC slips below USD 42,500, there could be further falls towards USD 41,250 or even USD 40,000.
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Bitcoin, Ethereum and major altcoins reduce earnings - D1SoftballNews.com
Crypto Analyst Says Bitcoin Bull Run Still Intact, Altcoin …
Popular crypto trader Capo is still optimistic about the short-term future of Bitcoin (BTC) while foreseeing an inevitable altcoin rally.
The analyst tells his 227,400 Twitter followers that the first quarter of 2022 should be bullish for the top crypto asset by market cap.
Still above the key support ($40k-42k) and the new bullish trend is intact.
Hidden bullish divergences were formed during the November correction.
BTC is trading at $46,788.39 at time of writing, down more than 3% in the past 24 hours. The top crypto asset by market cap is also down nearly 18% from where it was priced a week ago.
Capo also thinks altcoins are on the verge of a big breakout.
The trader recently predicted that ADA, the native asset for smart contract platform Cardano, could surpass its previous all-time high (ATH) as part of a broader altcoin surge.
Since hitting its ATH of around $3.10 in early September, ADA has endured a severe price correction of more than 57%.
The seventh-ranked crypto asset by market cap is currently trading at $1.31, down more than 7% in the past 24 hours and more than 15% in the last month.
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Crypto Analyst Says Bitcoin Bull Run Still Intact, Altcoin ...
Polygon (MATIC) or Cardano (ADA) ? Which Altcoin Can Rally …
While the coin market remains in a very volatile state, there have been some significant changes in the price of coins like Polygon (MATIC) and Cardano (ADA).
According to Coin Bureau, on January 17, 2022, the two projects are set for a wild week, as they are expected to undergo significant upgrades and development.
If one should go by the trending crypto news on how these coins are beaconing on investors from here and there, then one can take a wild guess that it is indeed a week for these projects. There is 80% positivity that this will happen.
Four days ago, MATICs price increased by 30% to $2.35 in the wake of Polygons upgradethe EIP-1559which brings $MATIC burn and improved fee visibility. Meanwhile, the market price now is $2.21.
The upgrade is set for the 18th of January, 2022. Some market predictions have it that MATIC price will likely run up 1.618 Fib line around $3.52 if EIP-1559 fulfills its purpose for the upgrade. The recent price of Polygon Matic is 2.32, 0.22% higher than 24 hours ago.
The present reaction in the coin market based on this upgrade (EIP-1559) on MATIC will be bullish. With this traders can expect the altcoin to hit $3.00 this weekend.
While the predictions vary on MATIC, there has been general agreement on its spike in price soon (still in the first quarter).
In September 2021, Sabastian Nagel, Cardano (CCC:ADA-USD) software engineer, predicted the release date for IOHKS Hydra upgrade in 6 to 12 months from the day of his estimation which is a few months from now.
Perhaps, due to this estimation, there has been a surprise jump in the price of ADA since the 16th of January, 2021, which then was approaching the critical resistance at $1.5. After a bearish Saturday, the price rose by 10%.
In just two trading days, the ADA price has seen a price rise of 21%. One should expect another 30% increase as the recent surge will attract more investors. ADAs current price is $1.56, high by 2.53% in the last 24hrs.
Overall, if the market provides a tailwind, $1.80 or $2.00 will be earned by the weekend.
While this is not financial advice, it is imperative to say that this is the right time for investors as their (MATIC & ADA) chances of spiking are very high.
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Polygon (MATIC) or Cardano (ADA) ? Which Altcoin Can Rally ...
Ethereum whales diversify to MATIC as altcoin integrates proof-of-stake mainnet with FTX – FXStreet
Ethereum whales are adding altcoins to diversify their portfolio. Analysts are bullish on MATIC price recovery and predict a trend reversal in the altcoin.
The cryptocurrency market suffered a bloodbath today. MATIC price posted 13% losses overnight. The altcoin launched its staking program on Bitfinex, offering the exchange 90 million tokens. Proponents expected a bullish impact on MATIC price after the launch of the staking program.
MATIC network has integrated the proof-of-stake mainnet with FTX. Users can now deposit and withdraw the altcoin on either chain. Therefore, the Polygon network hit two significant milestones with the launch of staking on FTX.
@Trader_XO, a pseudonymous cryptocurrency analyst evaluated the MATIC price trend and predicted a spike in the altcoins price. The analyst believes that there is only one direction for the altcoins price, and that is upward.
@BitQueenBR, a crypto analyst and trader, believes that MATIC price is approaching a trendline that has been respected since 2021. The analyst believes that breaking down the trendline could fuel a bullish narrative; however, if MATIC price breaks previous higher low, the downtrend could continue.
Analysts argue that MATIC price has set a bull trap for traders and expects recovery from altcoins price.
FXStreet analysts believe that MATIC price could fall below critical support. This could drive the altcoin to $1.7, continuing the downtrend.
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Ethereum whales diversify to MATIC as altcoin integrates proof-of-stake mainnet with FTX - FXStreet
Little-Known Altcoin Project Thats Up Over 70% Year-to-Date Launches $400,000,000 Ecosystem Fund – The Daily Hodl
Data privacy-focused crypto project Secret Network (SCRT) is establishing a multimillion-dollar fund to support its growth.
In a new announcement, the smart contract-enabled altcoin says that it is setting up an ecosystem fund worth $225 million to help developers and teams build on its network.
The primary goal of the ecosystem fund is to ensure that every individual, team, and organization building on Secret has a clear path to self-sustainability and support in bringing their products to market.
We want developers to build confidently in our ecosystem for years to come not just proofs of concept or narrow pilot programs, but truly groundbreaking privacy-first Web3 applications across every vertical that can be adopted and championed by millions.
The Secret Network also says that it is setting up an accelerator pool worth $175 million to offer non-equitable capital, grants, and ecosystem incentives to developers and builders on the network.
Recipients building decentralized applications (DApps) in nascent sectors of the crypto industry will receive funding in the form of SCRT, Secret Networks native token.
Funded in SCRT and primarily managed by SCRT Labs, the accelerator pool will be used to support critical growth initiatives across Secret DeFi [decentralized finance], NFTs [non-fungible tokens], gaming and metaverse, and other essential application verticals on Secret Network.
The crypto project also says that it has partnered with investment firms such as Alameda Research, founded by FTX CEO and billionaire Sam Bankman-Fried, who has joined the ecosystem as crucial stakeholders.
Other key investors include DeFi-focused venture DeFiance Capital, crypto investment firm CoinFund, and digital assets financial services group HashKey.
SCRT is trading at $8.57 at time of writing, a staggering 70% gain since the beginning of the year.
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Little-Known Altcoin Project Thats Up Over 70% Year-to-Date Launches $400,000,000 Ecosystem Fund - The Daily Hodl
Cardano (ADA) Price Poised For 500% Upswing To Hit $10 In …
Over the last two weeks, Cardano has created a base of support at $1.2 and has broken through the $1.3 range, which has provided significant resistance to the price recently. A longer-term trendline resistance, which dates back to early November, was also broken during this advance.
The market capitalization of ADA increased by 5.02 percent, bringing it to $48.5 billion. With a current market rank of 6, the coin has a 2.03 percent market share. After being pushed upward by 20.85%, the 24-hour trading volume supported the price behaviour of the ADA coin price.
Cardano (ADA) may surpass its previous all-time high (ATH) as part of a bigger altcoin rally, according to a popular crypto trader Capo
The pseudonymous crypto analyst, keeps his Twitter followers up to date on Cardano, a smart contract platform whose price action hes been following since December 2020.
He says if ADA holds above this level, $3-4 (previous ATH) should be next, and if it consolidates above that, it will definitely reach $10.
When ADA was about $0.15, Capo predicted it would reach the $0.36-$0.39 area in his original tweet from late last year. Since then, ADA has increased 20-fold, reaching a high of almost $3.00 in September.
Cardano has risen roughly 10 times since Capos first estimate and is trading for $1.43 at the time of writing, despite a few rocky months.
Cardano ($ADA) wallets have increased by more than 1,200 percent year over year, from 190,000 to 2.5 million.
According to data provided by the Cardano Foundation, the number of ADA wallets has increased by over 1,200 percent since last Christmas. Even after plummeting from an all-time high near $3 to $1.44 at the time of writing, the price of the cryptocurrency has gained about 780 percent during the same period, according to accessible data.
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Cardano (ADA) Price Poised For 500% Upswing To Hit $10 In ...
Forget BTC and ETH! Altcoin season is on the Radar this January – Analytics Insight
2022 is expected to bring an altcoin season that will place these digital tokens at the forefront
Bitcoin has been a market leader for preceding cryptocurrencies since its inception in 2009. However, the first and foremost digital token has also paved its way for altcoins that are making impressive progress today. According to experts, at some point, altcoins like Ethereum will outperform BTC easily. While the cryptocurrency sphere is eagerly waiting for the shift, 2022 is expected to bring an altcoin season that will place these digital tokens at the forefront.
Bitcoin and Ethereum recently touched a record high of US$68,500 and US$4,800 respectively towards the end of 2021. After the major bull rub, cryptocurrency enthusiasts thought that BTC will breach its long stood psychological resistance of US$100,000 before 2022 began. But things went down the stream when Fed announced revised interest rates to divert people from investing in risky investment models like cryptocurrency. Since the news made headlines, Bitcoin and Ethereum are hitting record lows. BTCs price briefly stood below its major resistance level of US$40,000 this Monday, panicking investors of an approaching death cross. Although it bounced back a little, the historic lows in Bitcoin and Ethereums dominance could mean that an altcoin season is on the radar.
This is not the first time Bitcoin has lost its value. For almost two years now, BTCs market stance has been threatened by altcoins. Prior to the 2017 price rally, Bitcoin alone accounted for as much as 95% of the entire cryptocurrency market. But in less than a year, altcoins took over the market and pushed Bitcoin to 35%. But 2022 seems to have even more interesting stuff in its bag. In just a couple of weeks, it has panicked BTC and ETH investors and now indicating an approaching altcoin season.
2022 has marked a tug of war between the cryptocurrency bulls and bears. The fall of the top digital token, Bitcoin, has marked the beginning of the downward trend. While Bitcoins price fall directly affects the investors, on the other hand, miners are also the biggest victim of this scenario. Their revenue in Bitcoin as compensation for providing ming services is affected. Since the cost associated with mining works is also high, the income drop will push many miners to step out of the work if the downward trend continues.
Bitcoin has lost almost 40% since it reached a record high in October. Following this fall, subsiding cryptocurrencies like Ethereum and Solana have also lost value. But despite the price plummets, experts predict an approaching altcoin season that will sweep the cryptocurrency market in January. Etherum has indicated a signal for altcoin season last November when it reached an all-time high without the help of Bitcoin. If other altcoins continue to show their dominance, 2022 will be a year for them.
Generally, cryptocurrencies other than Bitcoin are called altcoins. Bitcoin emerged as the first successful blockchain set up in 2009, following which other altcoins hit the market. Today, the altcoin market is comprised of many facilities and investment models that stand alongside BTC.
The increasing usage of altcoins and their dominance in the market is constantly driving investors to a period called altcoin season when these digital tokens reach record highs. In 2021, many altcoins recorded massive growth and registered all-time highs. Many even outperformed Bitcoin on growth percentage. During the altcoin season, Bitcoin usually loses its dominance and paves the way for altcoins to show its market presence. Therefore, altcoin season usually happens after a bitcoin bull run.
When a possible altcoin season outbreak was visible in November, experts thought that it will eventually roll out massive growth for the coins. However, altcoins also went through a slump phase where the whole cryptocurrency market seemed gloomy. However, there are many recommendations and predictions of altcoins that will blow up in 2022. Besides Ethereum, other digital tokens are also set to make breakthroughs this January. Some of the altcoins with amazing potential are listed as follows.
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Forget BTC and ETH! Altcoin season is on the Radar this January - Analytics Insight
Is Chainlink the special ingredient behind these altcoin rallies – AMBCrypto News
2021 was the year that decentralized finance (DeFi) truly took the cryptocurrency industry by storm, as several new protocols and trading platforms emerged on Ethereum-like Layer 1s. Another trend that could be seen emerging within the smart contract platforms upon which these applications are built was the integration with the decentralized oracle network, Chainlink.
The Chainlink network provides real-world data and information to on-chain smart contracts through the use of oracles. This includes payment methods, price feeds, and other events not native to the underlying blockchain.
Its many partnerships have made it one of the most integrated networks in the space, and its functionality is being utilized by not just L1s but also exchanges such as BitYArd and Kucoin and traditional asset managers like Gemini. In November last year, the network revealed that its total value secured through smart contracts had crossed $75 billion.
While Chainlinks usability for blockchains is evident in its growing popularity, has it also aided in the success of their native tokens? Crypto enthusiast Alpha believes it has, as they recently took to Twitter to highlight a correlation between Chainlink Oracle integration by blockchains and an increase in demand for their native tokens.
Looking at the leading smart contract platform Ethereum, which hosts the largest amount of existing dApps and was the first to integrate Chainlink oracles, a correlation cant directly be established. However, their importance can be witnessed in how large Ethereum-based market players utilize them.
While MakerDAO depends on its price feeds to determine the value of the underlying collateral backing the asset, stablecoin issuers such as Paxos and BitGo use its proof of reserve network to prove the collateralization of their tokenized assets.
However, a more clear trend can be witnessed in Ethereums rival blockchains, whose DeFi ecosystems are still comparatively nascent. A prime example is Avalanche, whose native token AVAX went parabolic right after integrating with Chainlink oracles last July. Even its founder Jihan Wu had noted at the time that the hundreds of projects building on the ecosystem were waiting for oracle functionality to be integrated before launching their products.
Avalanche has since become one of the main contenders of Ethereum, with the Bank of America even claiming recently that it could one day surpass the maestro.
A similar trend could also be witnessed in the price action of Fantoms native token since the network integrated with Chainlink in August last year.
Other leading smart contract platforms that are following a similar path include Solana and Terra, both of which have already deployed the integration on their test nets. Alpha expects a similar outcome to be played out for these L1s, provided that there are active developers and dApps rolling out on their respective chains.
Chainlink itself is steadily developing its ecosystem, with functionalities such as staking and the cross-chain interoperability protocol (CCIP) in the pipeline for 2022.
However, these developments have failed to have a positive effect on Links price action, which has remained in limbo since the crypto crash last May.
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Is Chainlink the special ingredient behind these altcoin rallies - AMBCrypto News
This Altcoin Will Be the Google of Crypto, According to SkyBridge Capital Founder Anthony Scaramucci – The Daily Hodl
SkyBridge Capital founder Anthony Scaramucci says that Algorand (ALGO) will challenge leading competitors in the crypto industry just as Google did in the early days of the internet.
In a new interview with Digital Asset News, Scaramucci says that he is investing heavily in ALGO because he thinks it will replace many of its competitors.
Ive got a quarter-billion dollars in Algorand right now. I think Algorand will be the Google.
You and I, when we were youngsters, we were logging onto the internet using AltaVista. We were using Lycos, America Online even Prodigy, if you can remember that. Then lo and behold in 1998, this company came along called Google and people were like, Why the hell do I need that? Ive got all of these other instruments to access the internet, and then people say, Well, you know its faster. It has machine learning, the algorithms are more widespread. Its going to lead to better outcomes, and lo and behold, Google trumped everybody,and I think thats going to happen with Algorand.
Algorand is a proof-of-stake blockchain that enables developers to build decentralized applications (dApps) for financial services. The smart contract platform is an Ethereum (ETH) challenger that aims to accelerate transaction speed at a lower cost.
I think ultimately when the big enterprises get on to the tokenization side of the market and they start working in the world of DeFi (decentralized finance), theyll need something thats scalable like Algorand, secure like Algorand and ultimately decentralized, so they wont have to worry about capricious inflation-deflation of what it is that theyre using as a form of exchange of value.
Algorand to me is the future. Its just going to require more and more people doing deep dive due diligence and making the decision to choose it.
In an interview on CNBCs Halftime Report in December, Scaramucci said that Algorand can potentially flip Ethereum, the leading smart contract platform today.
At time of writing, ALGO is trading at $1.38.
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This Altcoin Will Be the Google of Crypto, According to SkyBridge Capital Founder Anthony Scaramucci - The Daily Hodl
These Crypto Assets Have 10X Potential in 2022, According to Altcoin Daily – The Daily Hodl
Crypto analyst and host of Altcoin Daily Austin Arnold is laying out his top crypto picks as the markets try to shake off a sluggish start to the year.
In a new video, the closely followed trader tells his 1.19 million subscribers that he remains interested in Bitcoin (BTC) as an asset despite the massive selloff which the top crypto has undergone since hitting an all-time high above $69,000 in November.
People are buying the dip from every exchange. Bitcoin is leaving exchanges.
Miners are not selling their Bitcoin, theyre holding onto it.
At time of writing, Bitcoin is down 2.02% to $42,613.
Next on Arnolds list is the leading smart contract platform Ethereum (ETH), noting that,
Ethereum has its own supply shock going on.
Ethereum 2.0 deposit contract has surpassed $30 billion in value. Once [holders] put their ETH in the deposit contract, they cant take it out again until it is fully transitioned.
Ethereum is down 2.17% on the day and trading for $3,259.
The show host has his eye on decentralized finance protocol Uniswap (UNI), which recently deployed on fellow layer-2 protocol Polygon (MATIC).
2022 might be the year of layer-2s.
Uniswap is valued at $15.61 while Polygon is trading for $2.26.
Another layer-2 the Altcoin Daily host is keen on is Immutable X (IMX), a scaling solution for non-fungible tokens (NFTs) that aims to enable near-instant, zero gas fee transactions.
The altcoin is down 3.24% on the day and priced at $3.55.
Next on Arnolds list is the open-source platform Tezos (XTZ), which has been racking up corporate partnerships lately. The latest milestone sees apparel giant The Gap releasing NFT collectibles based on the Tezos platform.
Tezos is certainly an altcoin to watch doing big things.
Tezos is also down slightly today to $4.18.
Looking at the Internet of Things space, the Altcoin Daily host highlights open-source public blockchain Helium Network (HNT), which recently surpassed the 450,000 hotspot milestone.
Arnold says of Helium,
It is a quality [venture capital]-backed project.
The altcoin is currently priced at $32.59, down 7.23% on the day.
Enterprise-grade scalable blockchain platform Elrond (EGLD) also makes the list of crypto assets to watch after acquiring Web3 payments provider UTRUST (UTK), which in turn integrated EGLD as a form of payment.
Big win for EGLD.
Elrond continues the overall daily downtrend and is off by 6.57% to $196.72.
Last on the Altcoin Daily docket is decentralized exchange platform dYdX (DYDX), which the host notes is aiming to achieve full decentralization by the end of this year.
Currently, dYdX is up 2.38% and changing hands for $7.81.
I
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These Crypto Assets Have 10X Potential in 2022, According to Altcoin Daily - The Daily Hodl