Category Archives: Altcoin
Best altcoins to buy: Experts share cryptocurrencies they’re buying – Business Insider
Cryptocurrencies have exploded in popularity over the last several months. Of course, the most popular remains bitcoin.
But some other smaller cryptos are gaining serious steam as well, as the concept of digital currencies continues to seep into the public consciousness.
However, it can be difficult to know which cryptocurrencies to invest in, or whether you should in the first place. There are currently thousands of different types of coins on the market. And some like dogecoin, which was founded as a joke don't appear to be serious. Others, like some built on the Ethereum blockchain, appear to have better use cases.
And overall, there are legitimate concerns over whether the altcoin boom is unsustainable and will soon come crashing down.
Crypto is an esoteric domain its intricacies can be difficult to understand, especially for those new to the space.
To help cut through the noise, Insider has talked to several experts about which altcoins cryptocurrencies other than bitcoin they believe have the best upside. These experts also described the fundamentals and technicals that make these altcoins attractive. Their views are shared in the articles below.
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John Vasquez quit a 12-year banking career to dive into crypto full-time.
He's betting that the massive wealth transfer from baby boomers to their younger heirs will lead to a crypto boom.
Vasquez, known as Coach JV on social media, explained what people should know about crypto before investing and the altcoins he's buying.
Crypto technical analyst Adrian Zduczyk says some altcoins due to outperform bitcoin in a "legendary" way. Zduczyk is the founder and CEO of the Birb Nest, a trading platform. He shared five altcoins with us that he thinks could surge 10-100 times.
Ethereum is the second-biggest cryptocurrency at the moment, sitting behind bitcoin. But it has problems like expensive transaction fees. Matthew Sigel, head of digital asset research at VanEck, shares three altcoins to rival ether.
The looming debt crisis of Chinese real estate developer Evergrande sent shockwaves through global equity markets in September and crypto was not spared.
Given the recent sell-offs, Goodman said he was keeping his money on the sidelines in the crypto space until prices appear to be in an uptrend again.
He shared four projects he thinks can do well in the longer-term.
Ethereum's major upgrade in early Augustled to a9.6% intraday price spike, and investors haven't yet sold the positive news. That's one reason why David Gokhshtein is bullish. He also told us his theses for six smaller altcoins he owns.
Various cryptos tumbled on Tuesday September 7 as El Salvador officially adopted bitcoin as legal tender. By the following morning, more than $3.25 billion in crypto positions had been liquidated over 24 hours, affecting more than 300,000 traders, according toBybit. We asked experts what was driving the sell-off, and where they recommended buying dips.
When dogecoin rose over 12,000% to $0.68 earlier this year, it shocked the investing community. It has since cooled off, though its price has picked up in recent weeks. It now sits around $.027. What will it do next? Chainalysis chief economist Philip Gradwell broke down why he think it will go to $1.
Insider recently hosted a live webcast featuring two crypto experts. They broke down their views on everything from the recent slump to the possibility of regulation.
Lyn Alden says most altcoins are "smoke and mirrors." But there are at least two with interesting technologies that are worth watching.
As some altcoins have shown, there is potential for huge appreciation in crypto outside of bitcoin. David Gokhshtein is one investor that's looking to take advantage of these opportunities. He shared two altcoins he's bullish on.
The broader crypto space just went through a rough patch after huge gains earlier this year. Like any asset class, it has its bull and bear markets. When crypto bear markets do come, crypto influencers Mack Lorden and Lucas Dimos told us that six altcoins in particular help them hedge losses.
Many altcoins are built on top of the Ethereum blockchain. Aya Kantorovich, the head of institutional coverage at crypto exchange FalconX, shared nine coins built on top of the ethereum blockchain that she thinks have solid use cases.
"I personally always like coins with application," Kantorovich said.
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Best altcoins to buy: Experts share cryptocurrencies they're buying - Business Insider
This Magical Altcoin Project Has Soared 116% This Week, Defying Bitcoin and Crypto Markets – The Daily Hodl
An altcoin powering the crypto project Abracadabra has traders spellbound this week after surging by more than 100%.
Data from CoinGecko shows the price of Spell Token (SPELL), which currently holds a market cap of about $221 million, rose from a 7-day low of $0.00197753 to a high of $0.00428190 this week, which represents an increase of 116%.
The coin has catapulted its way to becoming the 245 largest coin on the market.
Meanwhile, Bitcoin climbed from a 7-day low of $40,554.38 to a high of $48,852.87 this week, marking an increase of 20%.
Abracadabra is a lending platform that allows users to borrow the USD-pegged stablecoin Magic Internet Money (MIM) using interest-bearing tokens as collateral.
MIMs can be traded with other stablecoins including Tether (USDT), Dai (DAI), and USD Coin (USDC).
Users can stake SPELL to obtain sSPELL tokens that will grant them platform voting rights and a claim to fees generated by the protocol.
SPELL soared as Abracadabra announced a partnership with the decentralized reserve currency protocol Olympus (OHM) and officially launched the sSPELL lending market.
The project originally launched on Ethereum and is now also available on both the Avalanche and Fantom ecosystems.
Featured Image: Shutterstock/Julia Ardaran and Salamahin
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This Magical Altcoin Project Has Soared 116% This Week, Defying Bitcoin and Crypto Markets - The Daily Hodl
Here Are the Top 5 Altcoins for the Remainder of September, According to Crypto Analyst Michal van de Poppe – The Daily Hodl
Widely followed crypto analyst Michal van de Poppe is laying out his top five altcoins to watch for the rest of this month.
In a new strategy session, Van de Poppe starts his list with Cosmos (ATOM), a project dubbed as the internet of blockchains. Though ATOM has already exploded in USD value, the analyst looks at its Bitcoin pair (ATOM/BTC) and posits that the hot altcoin still has room to grow over 170% from current prices of 0.00089 BTC, worth $40.51.
We could be targeting 0.0012 BTC ($54) and 0.0017 BTC ($77). 0.0017 BTC will probably be alongside with ATOM at $100.
Van de Poppes second altcoin is privacy-focused Mina, which he says is primed for a potential 129% rally to $12.00 from its current price of $5.22.
Great strength, beautiful support resistance flip, almost 2x since we have mentioned it earlier this month, and now we are looking for some consolidation before we have some continuation here too
Next targets for MINA if were going to have the continuation of the bull cycle: $8.60 and $12.00 at this stage.
The third altcoin on Van de Poppes radar is decentralized oracle network Chainlink (LINK). The analyst says that while LINK hasnt made much of a move over the last month, he stands by his forecast that the crypto can still potentially surge.
LINK and especially the entire oracle section still has to have some momentum at this point, so I think its still a very interesting cryptocurrency to look at or an investment to look at for a potential swing trade.
The fourth crypto Van de Poppe is looking at is Ethereum scaling solution Harmony (ONE). According to the crypto trader, ONE may have already lost steam after its rally this month, but the altcoin could provide a good entry point in its Bitcoin pair (ONE/BTC) at a couple of key levels.
The interest for me, personally, in Harmony is slightly gone until we hit around 0.000003 BTC ($0.14) or maybe even around 0.0000027 BTC ($0.12). That would probably grant another great entry.
The last altcoin to keep an eye on for the rest of September according to Van de Poppe is proof-of-stake blockchain Tezos (XTZ). The crypto analyst says that XTZ has kicked off a new trend and is providing an entry point in its Bitcoin pair (XTZ/BTC).
So we can be assuming that a new trend has started in which we can be looking at a potential support resistance flip as a potential target zone to take the entry from, which is around 0.00012 BTC ($5.73).
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These Five Altcoins Are About To Go Insane, According to Crypto Trader Aaron Arnold – The Daily Hodl
Crypto trader and YouTube influencer Aaron Arnold is highlighting his top five altcoins as he predicts the crypto markets are about to go insane.
In a new video, Arnold tells his 998,000 YouTube subscribers that hes bullish on decentralized oracle Chainlink.
Chainlink is kind of a blue-chip in what it does. No other oracle crypto like Chainlink is doing it as big as Chainlink LINK looks like its gearing up for a breakout. So Chainlink, yeah, I happen to be bullish as long as were in a bull cycle.
Looking at Polkadot (DOT), Arnold cites a crypto strategist who believes that the interoperable blockchain will follow the footsteps of explosive altcoin Solana (SOL).
This particular analyst is comparing it, saying that DOT could pull a move like Solana. Getting some major Solana vibes from DOT. Its been rejected a few more times, but I think the trajectory (weekly candle close), relation to the previous all-time high and the fact that it hasnt really pumped this entire run. Im hoping it can shine like SOL in the next couple weeks.'
As for Elrond (EGLD), the crypto trader highlights that the internet-scale blockchain recently printed a golden cross, a bullish signal where the 50-day moving average (MA) crossed above the 200-day MA. Arnold cites another analyst who says that during the two previous golden crosses, EGLD reached a new all-time high in 62 days. Arnold says the analyst predicts EGLD hitting as high as $2,500 on October 18th.
Next up is Ethereum competitor Avalanche (AVAX), which the crypto trader says is gaining momentum as more users flock into the smart contract platform.
We saw what happened with Solana and AVAX, in my opinion, is very similar to a Solana. AVAX is generally gaining in network, popularity, and price action. What theyre doing seems to be attracting a lot of [users].
The last coin on the traders radar is privacy-focused Mina Protocol (MINA), which Arnold says is backed by some of the best venture capital firms in the crypto industry. He adds that long-term holders of MINA have little reason to sell due to the staking mechanics of the coin.
I dont think theres going to be a lot of selling going on anytime soon because the way that the staking works, the highest rewards for the stakers happened in the first eight months or [one] year. So theres really no reason to sell, unless, you can always take profits but I think a lot of people want those staking rewards.
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These Five Altcoins Are About To Go Insane, According to Crypto Trader Aaron Arnold - The Daily Hodl
Analyst Who Called Crypto Crash Updates Bitcoin and Ethereum Outlook, Predicts One Altcoin Likely To Bounce… – The Daily Hodl
A popular pseudonymous crypto analyst who accurately predicted Bitcoin and Ethereums recent pullback is updating his outlook on the markets.
In a new market update, Smart Contracter says Ethereum now appears to have hit a bottom.
I do think weve just hit a major correction low and were probably already bottomed here and I do think well probably get an all-time high.
He highlights Ethereums price action off the bounce in July, noting that the crypto asset appeared to complete a five-wave bullish pattern from the Elliot Waves theory. The Elliot Waves theory is a trading method that aims to predict future price action using crowd psychology that manifests itself on charts through a series of waves.
According to the theory, an asset goes through a significant pull-back (ABC wave) after completing a five-wave cycle in an uptrend.
After topping out just under $4,000 and completing the five-wave impulse, Contracter accurately predicted Ethereums retrace to roughly $2,700. Since the pull-back, ETH has steadily recovered, trading at $3,150 at the time of writing, according to CoinGecko.
The trader is expecting new all-time highs now that it has completed its correction following its five-wave impulse.
I am expecting a new sort of impulsive move similar to this five-wave rise to new all-time highs from here
The analyst says Bitcoin is looking very similar to Ethereum and will most likely move up further after one more ABC wave correction. At the time of writing, Bitcoin is trading at $44,800.
I dare say, similar with Ethereum, were probably gonna go a little bit higher and then well have a nice little ABC [correction]
And then I do think from there, if this is an ABC complete, exactly the same deal again, I dare say were gonna be starting a new impulse to all-time highs.
Smart Contracter also says he is particularly bullish on the smart contract platform Solana (SOL), hypothesizing that it will have one of the strongest rebounds in the altcoin market.
When BTC and ETH bottom I think SOL [will] rebound the hardest [and] hit all-time high the fastest, starting to stack spot at these levels.
Ill average down if need be, no actionable setup just yet more of a knife catch hunch.
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Polkadot, Avalanche, and Two Additional Altcoins Are the Top Crypto Assets To Watch, Says Trader Jason Pizzino – The Daily Hodl
Crypto strategist and trader Jason Pizzino says hes keeping a close watch on Polkadot (DOT), Avalanche (AVAX) and two more crypto assets as the altcoin markets continue to flash signs of strength.
In a new strategy session, Pizzino tells his 210,000 YouTube subscribers that he expects interoperable blockchain Polkadot to continue surging to around $50 after a brief cooldown period.
One, we want to see consolidation for the move up or two, back [to $28], consolidate, and then the move up. Theyre the options that Im looking for for a positive outcome for a DOT trade.
Looking at smart contract platform Avalanche, Pizzino says that hes waiting for AVAX to consolidate before igniting the next leg up.
If we get the correction lower into previous zones ($45), then it just means that were going to need more time in a consolidation period before we can take off again You want to see the consolidation before the next move. Get in on that breakout. That is a stronger-looking cryptocurrency.
Next up is Cosmos (ATOM), a crypto asset powering an ecosystem of blockchains designed to scale and interoperate with each other. According to the crypto strategist, he wants to see ATOM trade between $30 and $37 before resuming its price expansion.
If we get that nice consolidation, give us some rest period, then we take off again. Were looking sweet. Thats exactly what we want to see.
The last coin on the traders radar is automated market maker SushiSwap (SUSHI). Pizzino says SUSHI must stay above crucial levels to sustain its uptrend.
This is in a reasonable setup, provided we hold these levels, so around $14. Of course, I dont want to see it go lower than $12 and at the very worst, this level here, which is at about $9.50 because that is your higher lows If the lows start to breakdown, then that is considered a downtrend.
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Polkadot, Avalanche, and Two Additional Altcoins Are the Top Crypto Assets To Watch, Says Trader Jason Pizzino - The Daily Hodl
This Mid-Cap Altcoin Is Surging As Most of the Crypto Market Crashes – The Daily Hodl
As the cryptocurrency market experiences an overall drawdown, one mid-cap altcoin is defying the trend.
The two bellwether cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), are down by around 5% and 10%, respectively, over the past seven days.
But Celo (CELO), a mobile-first platform focused on crypto payments and financial dApps (decentralized applications), has gone against the trend and is up by around 30% over the past week,according to CoinGecko.
CELOs rise amid a market meltdown coincides with the Celo Foundations head of ecosystem growth Xochitl Cazador revealing that the Celo blockchain is recording approximately 500,000 daily transactions.
Cazador also said that the Celo ecosystem now has over 2,000 builders spread across 113 countries.
In late August, leading decentralized finance (DeFi) projects built on Ethereum announced an initiative aimed at taking DeFi to mobile smart devices by incentivizing building on Celo.
The Ethereum DeFi projects in the initiative include Aave (AAVE), Curve (CRV), and Sushi (SUSHI). Over $100 million in educational initiatives, grants, and incentives was also announced.
CELOs recent surge follows another big 2021 milestone. In June, cryptocurrency exchange Coinbase listed CELO on its trading platforms.
At the time, CELO was ranked 122nd by market cap according to CoinGecko. CELO is currently ranked 65th.
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This Mid-Cap Altcoin Is Surging As Most of the Crypto Market Crashes - The Daily Hodl
Ethereum, Cardano have ‘great use cases,’ but this altcoin might lead autumn – AMBCrypto News
Of late, especially after the market crash on 7 September, altcoins have been outperforming Bitcoin. The worlds largest cryptocurrencys market dominance, for instance, has taken a beating too, falling to just over 41.4% at press time. On the contrary, many of the markets opposing alts have seen their shares hike. Do these findings signify anything?
Well, according to BlockchainCentre, this might be an Altcoin month. This is a belief held by many in the crypto-community. Not just by proponents, but by ex-White House staffers as well. More specifically, a former White House Press Secretary is betting big on some altcoins.
During an interview with CNBC, SkyBridge Capital Chief Executive Anthony Scaramucci asserted that he is bullish on Ethereum, Cardano, and Algorand. The reason being Their great use cases.
According to the former White House staffer,
Theres a lot of great stuff happening in this space As more digital applications happen, some of those altcoins, stuff like Algorand or Cardano, or things like Ethereum, will continue to rise because there are actually great use cases for them.
Scaramucci, a long-time Bitcoin proponent, did however add that Ethereum could be on its way to becoming a store-of-value asset.
I think theres a very big market for Ethereum and I predict that Ethereum has good fundamentals and will grow.
That wasnt all, however. For months, despite ETHs price performance, there have been several concerns about the altcoins lack of institutional adoption. That could change soon though, with Scaramucci responding to a question by claiming,
Could we have an Ethereum fund in the future? Yes, we certainly could. Everything that youre saying is true with the non-fungible tokens, and the technology around Ethereum is going to make it a sticky cryptocurrency and a store of value and something that people will transact with.
Cardano, understandably, is another altcoin the exec is hyped about. With ADA hitting new ATHs recently and the network awaiting the Alonzo mainnet upgrade on the 12th, these expectations are warranted.
Its worth pointing out, however, that the exec seemed particularly optimistic about the crypto ranked 17th Algorand (ALGO).
At press time, it was trading well above the $2 mark following a weekly surge of over 70%. In fact, the SkyBridge Capital chief even tweeted about the alt, commenting,
He isnt the only one to share such sentiments, however.
Whats more, according to Spartan Groups Jason Choi,
ALGOs price has gone way ahead of fundamentals for now, with a dramatic increase in OI as mania kicked in.
Needless to say, if the aforementioned altcoins continue to tread their press time price trajectories, Altcoin month might well and truly be here.
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Ethereum, Cardano have 'great use cases,' but this altcoin might lead autumn - AMBCrypto News
Altcoin Spikes After Fake Press Release That Walmart Is Accepting It Immediately Crashes After Truth Is Discovered – Wonderful Engineering
You simply cant trust the news these days
Recently a fake press release started circulating on the internet which claimed a partnership between Walmart and the cryptocurrency Litecoin. When the fake news went as far as to state that Walmart will start accepting Litecoin as an authentic form of payment from its customers, it didnt take long for the prices of the cryptocurrency to sky-rocket before crashing back down again.
The news was later debunked by Walmart and confirmed that it was a fake announcement. Walmart even contacted the press release distribution service GlobeNewswire to find out the culprit behind posting such news and getting away with it. Whats more hilarious is that the fake release also included alleged quotes from Doug McMillion, Walmart CEO and Charlie Lee, Litecoin creator. The original press release has been taken down but an archived version of it can still be found online (the wonders of the internet where nothing is ever really lost) which states that Walmart would offer their shoppers [sic] to use Litecoin to benefit from the features of cryptocurrency.
As soon as the fake press release was released, the price of Litecoin quickly climbed about 20%, before it came crashing back down after finding the truth about the news. Maybe someone was filming a prank video and everyone buying Litecoin were the targets before they finally realized what was actually happening.
This wouldnt be the first time someone tried to manipulate crypto prices before everyone finally caught on to what was actually happening. Back in February, Elon Musk posted a cryptic tweet that led to an 11% decrease in bitcoin prices in a matter of minutes. In the world of cryptocurrency, where every second matters, some false claims can have drastic results.
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Altcoin Spikes After Fake Press Release That Walmart Is Accepting It Immediately Crashes After Truth Is Discovered - Wonderful Engineering
Analyst: This Altcoin Has Best Shot at Becoming 2nd Most …
Recently, popular pseudonymous crypto influencer and trader The Crypto Dog said that investing in one lesser-known altcoin is a more exciting long term betthan Ethereum ($ETH).
In a series of tweets on June 10, The Crypto Dog said that he considers Bitcoin to be a safer, more boring long term investment compared to Ethereum. The popular trader thinks that it is unlikely for Ethereum to flipper Bitcoin and explained why:
The Crypto Dog also highlighted the lesser-known altcoin Solana (SOL) as having more upside potential than Ethereum and claimed it was the layer-one protocol with the most potential to challenge ETH for the #2 position in the market cap table.
He then explained why he is so bullish on Solana:
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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Analyst: This Altcoin Has Best Shot at Becoming 2nd Most ...