Category Archives: Altcoin
Heres What To Expect in 2022 From Polkadot and One Altcoin Thats Up 13,000% in One Year: Pantera Capi… – The Daily Hodl
The founder and CEO of digital asset investment firm Pantera Capital, Dan Morehead, is expressing optimism about two cryptocurrencies that are ranked in the top ten by market cap.
Starting off with Polkadot (DOT), a platform designed to allow interoperability among diverse blockchains, Morehead says in a CNBC interview that the 10th largest cryptocurrency by market cap will launch its first decentralized finance (DeFi) protocol in the first three months of 2022.
I think were all coming to the conclusion that there wont be just one blockchain in the future.
There will be you know maybe 10 or 20 very important blockchains.
And so Polkadot will help you move value from one to the other.
And their first DeFi protocols are going live in the first quarter so were very excited about it.
We even see enterprises like Deutsche Telekom starting to build on Polkadot. And quite a number of developers are building on it. So we see a huge amount of momentum there.
A little over a week ago, Germanys telecommunications giant Deutsche Telekom announced intentions to become a Polkadot validator. A Deutsche Telekom subsidiary also bought DOT tokens.
Next up is Terra (LUNA), a blockchain that uses stablecoins to make programmable payments and the development of open financial infrastructure possible. According to the Pantera Capital head, Terra is one of the most promising coins for 2022.
[Terra] allows the algorithmic stablecoins to be built and they have the third most valuable stablecoin UST built on top of it. And its growing at a very very rapid rate.
We think its one of the most promising coins for the coming year.
So many people are just discovering it and just starting to trade it. It has a $31 billion market cap, so it still has plenty of room it can grow.
Ranked ninth by market cap, Terra is trading at $87.63 at the time of writing, up by over 13,000% since the start of 2021.
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Heres What To Expect in 2022 From Polkadot and One Altcoin Thats Up 13,000% in One Year: Pantera Capi... - The Daily Hodl
Bitcoin And Altcoins Explained: 6 Important Things You Need To Know – The Seeker Newsmagazine Cornwall – The Seeker
The world of cryptocurrency has always been on everyones radar but recently has boomed in popularity, and for good reason. Investing in Bitcoin and Altcoins has become more accessible to the average person in 2021 and many are flocking to get their hands on some cryptocurrencies! Cryptocurrency offers people an alternative way to invest and make some serious money, but it does take some skill.
If youre looking to invest in cryptocurrency, but dont know where to start, this list has got you covered! Here are 6 important things you need to know before you start investing in cryptocurrency. Follow these simple tips and tricks and start trading Bitcoin and Altcoins right!
Becoming a pro-investor in cryptocurrency is not something that happens overnight! Before you jump the gun and start investing in crypto, its important to do your research and learn the basics. First, do your research into what kinds of currencies youd like to trade with. Look up the differences between Bitcoin and other alternative coins (Altcoins).
Next, do some research on the industry to figure out whether trading cryptocurrency is something you want to do. Youll be better off if you know what the risks are, what to expect, and what you can get out of it, so do your research!
If you cant decide between investing in Bitcoin or Altcoin, doing a little research beforehand is a good idea. Bitcoin is currently the most popular currency, but there are other options out there. A few profitable Altcoin options to consider are Ethereum, Tether, or Dogecoin.
Each currency has its own pros and cons, risks, and markets to consider. Well-established currencies like Bitcoin have the largest market share, are easier to get into, and are more reliable. Although Altcoins are riskier, they provide more options to choose from and higher potential rewards.
Whether youre starting out or you want to switch it up, finding a good cryptocurrency exchange is essential. Most cryptocurrency trading happens online in cryptocurrency exchanges, so its important to find one that you can trust. Exchanges offer different accessibility options to users, so be sure to find one that provides what you need. Find a site that offers the right amount of security to keep your funds and coins safe to your liking. Do your research and be on the lookout for scams and fraudulent sites, as there are still plenty around in 2021.
The world of cryptocurrency trading is a fast and volatile one. You have to be able to constantly stay in the loop to keep up. Stay connected with all the frequent updates by joining an online cryptocurrency community. Learn valuable insight, tips, and tricks, and pick up on trends easily with this connection. There are plenty of places for Bitcoin and Altcoin traders to exchange information and trade online, some safer than others. Take everything you read with a grain of salt and be on the lookout for scammers when browsing chats, forums, and communities.
Before you get into your next trade, you need to have a solid plan. Figure out what goal you want to achieve and put in the proper work to get there. Pace yourself and set limitations on your investments to become a successful investor. You need investment boundaries to make sure that you dont get in over your head and that you dont lose everything. Avoid the deep end straight away, start off with a few small investments and work your way up instead.
Its important to remember that the cryptocurrency industry is volatile and that you could lose everything if you dont play your cards right. Good risk management is as necessary as having a goal and boundaries. Find a balance between what you can afford to invest in and what you can afford to lose. Dont bite off more than you can chew, this is especially important with Altcoins! You have to risk big to win big, just make sure you dont risk it all when investing in cryptocurrency!
Now that youre all caught up with these 6 important things, youre ready to take on the Bitcoin and Altcoin market! Whatever currency you decide to go with, doing the proper research beforehand is essential. Figure out when, where, what, and why to trade before you start investing in any coin.
Choose a currency and cryptocurrency exchange that best fits your needs and wants as an investor. Join an online community to stay up to date and to learn the tricks of the trade, but be on your guard. Whether youre starting out or are a veteran cryptocurrency trader, remember to always set goals and boundaries for yourself. Dont get carried away, manage your risk, and good luck!
Crypto Traders May Be Sleeping on Top Altcoin for the Next Bull Cycle, According to Macro Guru Raoul Pal – The Daily Hodl
Real Vision chief executive Raoul Pal is saying that one interesting crypto project could be a good bet for the next crypto bull market.
In a new interview on investment YouTube channel FamilyOffice, the former Goldman Sachs executive says hes eyeing under-the-radar altcoin Internet Computer (ICP).
Everybody hates it because the VCs [venture capitalists] got in really early. It was suddenly worth a huge amount of money. The coin sank 95%, but I think its interesting.
I think its potentially something for the next cycle because theres a lot of smart people working on that. Theres a lot of development taking place. Theres not a huge network effect yet of distribution of the tokens, so its not provable yet.
Internet Computer is a crypto project developed by Swiss-based not-for-profit scientific research organization Dfinity. The blockchain project aims to replicate the speed, power, and scale of the internet without relying on centralized systems such as firewalls, cloud computing infrastructure and databases. Internet Computer also enables developers to create websites, enterprise IT systems and internet services by installing their code directly on the public Internet.
ICP, the projects utility token, is trading at $27.93 at time of writing and is up more than 3% in the past 24 hours.
Pal has previously said Internet Computer is clearly the biggest in ambition of any project in the space.
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Crypto Traders May Be Sleeping on Top Altcoin for the Next Bull Cycle, According to Macro Guru Raoul Pal - The Daily Hodl
Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Alt… – The Daily Hodl
Ethereum whales are gobbling up a new favorite altcoin, temporarily displacing Shiba Inu (SHIB) as the top alternative digital asset amongst big buyers.
Data from whale-surveilling platform WhaleStats indicates the top 1000 largest Ethereum wallets are now holding more than $1.54 billion worth of FTX Token (FTT).
The total value of FTT held by whales briefly skirted above $1.60 billion, enough to temporarily make FTT the biggest token position by dollar value, excluding Ethereum (ETH), among the top 1000 Ethereum whales.
That title has now reverted back to the popular Ethereum-based memecoin Shiba Inu. The top 1000 ETH addresses hold more than $1.78 billion worth of SHIB at time of writing.
FTT is the exchange token of FTX, a cryptocurrency derivatives trading platform for futures, leveraged tokens and over-the-counter trading. The 35th-ranked crypto asset by market cap is trading at $38.54 at time of writing, down 1.64% in the past 24 hours.
WhaleStats also notes that the top 1000 Ethereum wallets hold more than $568 million worth of OKB, a cryptocurrency issued by OKEx Blockchain Foundation. The OKB utility token allows traders on the crypto exchange OKEx to pay for fees, earn interest and participate in new digital asset projects.
OKB, the 28th-ranked crypto asset by market cap, is trading at $28.52 at time of writing, down 4.84% in the last day.
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Correlation with Bitcoin can have this impact on MATIC’s strong rally going forward – AMBCrypto News
While a majority of the crypto market and assets have been experiencing losses for the past 2 months, MATIC has been rallying on the macro scale. The uptrend that began in October has surprisingly continued despite a couple of instances of MATIC falling through it.
The 3 sets of rallies that put MATIC at $2.87, helped the altcoin rise by over 174% in the span of just 2 and a half months.
The first rally of October shot MATIC up by 103.1%, the second rally of November helped the altcoin rise by 62%, and the final and most recent rally took MATIC up by 58.3%. However, MATICs tradition of losing a part of its gains continues with the 13.57% fall witnessed over the last 2 days.
But the one thing that matters the most is its investors situation. 3 months ago about 52% of its 309k addresses were suffering from losses. Today that figure has come down to just 1.18% and the rest of its 98.82% are avoided losses for now.
Out of these the 18k addresses specifically were losing the most, due to buying around all-time high prices are relieved.
Going forward, MATIC might need to increase the proportion of its long-term holders compared to the mid-term holders it has. An asset can maintain low volatility if the investors arent incessant with their selling.
Even as the coin hit its ATH 2 days ago 55 million MATIC worth over $155.5 million was sold off in a day.
The only matter of concern hereon is the assets improving correlation with Bitcoin. Usually, this is a good sign but since the king coin is going down presently and MATIC is going up, a high correlation could be ruinous for the altcoin.
Fortunately, it is presently at -0.08 up from -0.7, so there is still some time before we see any effects of the king coin. Investors can consider a high correlation as the correct exit point, provided Bitcoin continues to move the way it is presently.
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Correlation with Bitcoin can have this impact on MATIC's strong rally going forward - AMBCrypto News
Billion-Dollar Hedge Fund Manager Says This Emerging Altcoin Could Flip Ethereum – The Daily Hodl
Hedge fund manager Anthony Scaramucci says one Ethereum (ETH) competitor could become the Google of the cryptocurrency market.
In a new interview on CNBCs Halftime Report, Scaramucci says the high speed and low carbon footprint of the smart contract platform Algorand (ALGO) will likely give it a big leg up on the competition.
Algorand is a payments-focused public blockchain that uses a type of consensus mechanism called the pure Proof-of-Stake (PPoS) that does not require participants to solve complex puzzles to validate blocks.
The protocol allows Algorand to address the scalability issues of blockchain and process numerous transactions at a time without incurring high transaction fees.
Scaramucci explains why Skybridge just launched a $100 million fund to invest in the altcoin project.
The Skybridge research department thinks that Algorand actually has the opportunity to potentially flip Ethereum: its faster, [has] lower transaction charges. It has a net negative carbon footprint.
Scaramucci compares Algorand to search engine giant, Google, which toppled numerous competitors in the early days of the internet.
As that community develops, I think were sitting on something like Google.
You and I are old enough to remember when Alta Vista and AOL were the leaders at the nascent stages of the internet and they were trumped by Google,
So something like Algorand is something were putting a lot of money and resources in.
At time of writing, Algorands native token, ALGO, is trading at $1.87.
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Billion-Dollar Hedge Fund Manager Says This Emerging Altcoin Could Flip Ethereum - The Daily Hodl
Which altcoin can perform better than others at the current market bounceback? – FXStreet
Buyers keep controlling the situation on the market; however, some coins have come back to the red zone.
Top coins by CoinMarketCap
Yesterday, the two-hour EMA55 kept the Bitcoin (BTC) price in a sideways consolidation. In the afternoon, buyers tried to test the $60,000 level, but the daily high was only set at $59,250.
By the end of the day, the pair rolled back to the average price area.
BTC/USD chart by TradingView
Today, attempts to recover to the psychological level of $60,000 USD may continue, but if the bears push the moving average EMA55, the price can retrace to the $55,287 level.
Bitcoin is trading at $58,611 at press time.
Yesterday, the XRP price held above the average price level and consolidated above the psychological level of $1. Today, it is the second-biggest loser among the top 10 coins.
XRP/USD chart by TradingView
Today, given the positive sentiment of market participants, the recovery may continue to the resistance of $1.10.
XRP is trading at $1.0105 at press time.
Cardano (ADA) is also located in the bearish area as the price of the altcoin has declined by 0.80% since yesterday.
ADA/USD chart by TradingView
Despite the fall, Cardano (ADA) keeps consolidating after it has successfully bounced off the support at $1.496. If the situation does not change, and buyers hold the initiative, the rise may continue to the nearest resistance at $1.80.
Such a scenario is relevant until mid-December.
ADA is trading at $1.606 at press time.
Solana (SOL) is the biggest gainer today as the growth of the coin has made up almost 5% over the last day.
SOL/USD chart by TradingView
Solana (SOL) is slowly moving to its peak at $259.90. The buying training volume remains low, which means that traders are still accumulating efforts. If bears cannot seize the initiative, there are good chances to see a new pear at around the vital mark of $300.
SOL is trading at $227.55 at press time.
Avalanche (AVAX) is not an exception to the rule as it is also located in a bullish trend.
AVAX/USD chart by TradingView
AVAX is located in a wide channel from the technical point of view, and neither bulls nor bears are dominating. In this case, the more likely price action is continued sideways trading between the level of $110 and $130. Buyers have the opportunity for a rise if they can get to the $140 zone.
AVAX is trading at $122.47 at press time.
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Which altcoin can perform better than others at the current market bounceback? - FXStreet
Up by 71%, LUNA makes big gains, but will they sustain over coming days – AMBCrypto News
Terras native token LUNA which stands only 2 spots below the top 10 list, became this weeks biggest gainer of the entire top 100 cryptocurrency list. While a lot of aspects factor in for this, the bigger concern only remains in the interest of investors.
The altcoin has been consistently increasing since the end of November, charting an everyday rise of 14% and 15%. This led to the altcoin recovering all of Novembers losses while in the process also marking a new all-time high within 3 days and still continues to do so.
Trading at $66.2 at the time of this report, the alt became the biggest gainer of the week among the top 100 coins in the crypto market.
Now whether or not this is organic, is yet to be confirmed since trading volumes, which were at their highest in 2 months, do correspond with the rally.
However, the transaction stats represented by the total revenue from transactions still remained at their average levels.
But almost 7.5 million LUNA has been burnedthis last week, which is proof that the demand for UST is increasing, thus the rise could be organic.
A possibility behind the price rise could be the 25% increase in TVL in the Anchor protocol which also pushed Terras TVL to shoot up by 40%.
At $12.7 billion, the chain is slowly closing the $1.1 billion gap between it and Avalanche after the latter overtook it and placed itself in the #4 position.
And there is actually a good chance that it might achieve it since LUNAs social presence is fairly strong. The network is maintaining its development consistently as just today, cross-chain transfers of $UST between Terra and Fantom became available via the Anyswap network.
In any case, LUNA investors might still need to watch out, given the market is in a state of fear and LUNAs volatility is also on the rise.
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Up by 71%, LUNA makes big gains, but will they sustain over coming days - AMBCrypto News
Six Crypto Airdrops Could Be Coming to Savvy Altcoin Traders, According to Coin Bureau – The Daily Hodl
Pseudonymous Coin Bureau host Guy says that worthwhile crypto airdrops could be on the horizon while explaining a short history of the phenomenon.
Guy tells his 1.67 million subscribers that although most airdrops today are giving away tokens that will likely be worth very little, a few well-established blockchains are handing out coins for traders willing to meet the required interactive bounties.
The truth is, there are no doubt a lot of other projects that are giving away their tokens for free right now but thats because most of them are pretty worthless
However, its those airdrops that are distributed by popular projects in ecosystems that are the most lucrative, those that are worth more than a few thousand. These are the ones that youre most likely to hear about it.
Most of these high profile airdrops have been in the decentralized finance (DeFi) space, where people will have had to have interacted with a protocol or DApp in some way, shape, or form.
Guy speculates that crypto wallet MetaMask, layer-2 Ethereum scaling solutions Arbitrum and Optimism, and popular NFT marketplaces such as OpenSea, the Bored Ape Yacht Club, and Solanas decentralized exchange Solanart are the next token-less blockchains that may host airdrops in the future.
There are a plethora of low-value airdrops out there that give you virtually nothing I think if you really want to increase your chances of a lucrative airdrop, use those services and protocols that are actually adding value. Those that you would use anyway and not solely for the chance of an airdrop
On top of this, those projects that are providing the value are more likely to have a valuable token if it were to drop, its only logical. The same goes for anything in the NFT space.
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Six Crypto Airdrops Could Be Coming to Savvy Altcoin Traders, According to Coin Bureau - The Daily Hodl
Is An Interesting Altcoin To Monitor With Real Business Utility – Green Entrepreneur
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XYO (CCC:XYO-USD) is a cryptocurrency operating on the Ethereum (CCC:ETH-USD) blockchain. XYO has a current supply just under 14 billion tokens, with nearly 13 billion in circulation. As of Nov. 29, 2021, the price of XYO is $0.05406, multiple times its value in early Jan. 2021 of $0.0002288.
Source: karnoff / Shutterstock
Investors in XYO have been rewarded extremely well in 2021. What you should know about XYO now?
The best answer is the source itself, XYOs official Twitter (NYSE:TWTR) account:
XYO is a decentralized network of devices that anonymously collects and validates geospatial data, or data with a geographic component.
XYO has a mission to Facilitate education, research, and continued development of the XYO Protocol to increase understanding of the public benefit of an incentive-driven geospatial location network.
This is an interesting mission to me and XYO has business value and practicality, unlike other altcoins such as Dogecoin (CCC:DOGE-USD) or Shiba Inu (CCC:SHIB-USD).
XYO is now available on the Crypto.com app and Crypto.com exchange plus FMFW.io. According to Coinbase (NASDAQ:COIN), XYO is also available on Coinbase Exchange, KuCoin, Gate.io, HitBTC, and ZT. Why am I mentioning where you can trade XYO? It all connects to one word, value.
Some of the key factors determining the value of a cryptocurrency include Node count, rising demand, mass adoption, inflation hedge against fiat currencies, production cost and regulation. Another key reason that I love and explains the value of altcoins perfectly: the big reason altcoins have any value at all is because of marketing.
Marketing is the art of making consumers (and investors) want something that they normally wouldnt consider at all. Luckily, there are many cases where the wants and needs of consumers align with marketing and advertising. People then buy, try or invest in a product that is useful.
In this respect, XYO has an emphasis on one factor that I value a lot, utility. In fact, utility is one of the key factors to assess any altcoin according to Binance.
The five key factors for assessing an altcoin are:
XYO has plenty of function, is improving its accessibility and according to data from CoinMarketCap, its trading volume is up more than 196% over the past 24 hours, as of Nov. 29, 2021. So in three out of five factors mentioned above, XYO seems to have traction.
XYO needs industry partners in order to drive usage of its protocol. Right now, that list of industry partners comes with some well-known names and some that I do not know at all. Regardless, the companys list provides important information on these partners real-world solutions and case studies.
XYO itself states that One of our latest partners aims to solve human trafficking and safety in the Baja California region.
Other important solutions and business applications for XYO to solve include airports, hospitals, ecommerce, insurance, national security, rental cars and drones.
For airports specifically, XYO mentions that The XYO Network can provide independently verified location data that can help minimize luggage mishandling and can ultimately save travelers and airport staff time and money spent trying to track down missing baggage. Any traveler who has lost a suitcase and gone through the frustration and anxiety of getting it back in the past will probably think that this utility of XYO adds value.
Would I invest in XYO? Honestly no, for the following reasons. XYO has a market cap of about $678 million. I think that is too high for its current level of adoption. I want to see more partnerships, and for case studies to turn into real applications.
I see a lot of potential for business applications for XYO. It has utility. The strong rally of its price in 2021 though does not justify its real adoption in the business world. I would not buy XYO now but would keep an eye on it for more exciting partnerships.
On the date of publication, Stavros Georgiadis, CFA 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.
Stavros Georgiadis is a CFA charter holder, an Equity Research Analyst, and an Economist. He focuses on U.S. stocks and has his own stock market blog atthestockmarketontheinternet.com/. He has written in the past various articles for other publications and can be reached onTwitterand onLinkedIn.
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Is An Interesting Altcoin To Monitor With Real Business Utility - Green Entrepreneur