Category Archives: Altcoin
Cardano Price Predictions: How High Can Altcoin Season Take the ADA Crypto? – Investorplace.com
Today, crypto investors are increasingly looking toward altcoins for growth. And why not? Cryptocurrencies like Cardano(CCC:ADA-USD) have performed extremely well, doubling over the past month. Accordingly, investors may be wondering what the expertCardano price predictions suggest for upside on the horizon.
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Part of this may be due to the fact that many experts are now calling for a new altcoin season. As more investors move away from the juggernauts like Bitcoin(CCC:BTC-USD) andEthereum(CCC:ETH-USD) toward altcoins with unique and specific use cases, these altcoins could have much more potential upside. For long-term crypto investors, thats a very enticing idea.
Cardano in particular has a lot going on right now. The companys five-stage implementation of the Alonzo hard fork is set to see smart contracts introduced shortly. Like other hard fork updates, Cardano is about to become much more useful, very quickly. Currently, Cardano is finishing up stage two of its hard fork update. Indeed, investors bullish on Cardano are looking forward to what the future may hold with this cryptocurrency. Many investors see smart contracts as the wave of the future.
Thus, its no surprise to see some very bullish price predictions for ADA. Lets dive into what those are right now.
At the time of writing, ADA currently trades at $2.79 per token.
On the date of publication, Chris MacDonald 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.com Publishing Guidelines.
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Cardano Price Predictions: How High Can Altcoin Season Take the ADA Crypto? - Investorplace.com
XRP Price Predictions: How High Can the New Altcoin Season Take the XRP Crypto? – Investorplace.com
Given the increasing interest around altcoins, Ripple(CCC:XRP-USD) and XRP are both in the spotlight today. Interest is starting to build around what the expert XRP price predictions suggest is in store for this embattled cryptocurrency.
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Indeed, Ripple and XRP have been engaged in a lengthy battle with regulators for some time. The U.S. Securities and Exchange Commission (SEC) vs. Ripple saga has continued today, with Judge Sarah Netburn setting a noon EST conference call to discuss the privilege dispute, which has been ongoing in recent months. Today, it appears Ripple investors seem to like what theyre hearing, as XRP has shot up nearly 3% since the conference call began.
However, other news has been spurring interest in Ripple and XRP today. Reports that we could be headed into an altcoin-dominated future has many investors excited about XRPs potential moving forward. Should investors continue to shift their focus away from Bitcoin(CCC:BTC-USD) andEthereum(CCC:ETH-USD) toward smaller cap altcoins such as Ripple, the potential upside of these smaller cap tokens could outperform the sector leaders.
Accordingly, lets dive into where the experts think XRP could be headed.
Currently, XRP trades at $1.18 per token at the time of writing.
On the date of publication, Chris MacDonald 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.
Article printed from InvestorPlace Media, https://investorplace.com/2021/08/xrp-price-predictions-how-high-can-the-new-altcoin-season-take-the-xrp-crypto/.
2021 InvestorPlace Media, LLC
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XRP Price Predictions: How High Can the New Altcoin Season Take the XRP Crypto? - Investorplace.com
The Altcoin Evolution – Part IV: The Challenges – The Sales Pitch – NewsBTC
With the ever-changing landscape of tech development and crypto innovation, regulation tends to lag behind in order to have time to react to whats happening. Many altcoin projects are currently growing exponentially as they are exploring largely untouched use cases. As the tech continues to proliferate and expand, more and more problems are arising that require solutions.
This obviously provides more space for viable contenders to occupy in a crowded market. This provides a robust growth argument for many altcoins, but there is a catch. The giant growth gains are fantastic, but we also must consider that large corporate banks do not tend to react positively to any challenges to their dominance of the financial industry. The Federal Reserve and other federal government bodies certainly have an eye open to the chaos as well. Ripple (XRP) is a prime example of this, as the project has been experiencing ongoing back-and-forth dialogue with the SEC for some time now, all while still sitting in the top 10 of token market caps.
At this point, its rather difficult to predict the trajectory of these contingencies. Regulation is always a few steps behind, but it is a certainty. Despite these hurdles, which are far-reaching and constantly evolving, every project must have growth objectives. As we have with past publications of Altcoin Evolution, we will continue to look at the emergence of projects impacting creators, such as those involving NFTs, as prime examples of how difficult these challenges can be for altcoins.
In our last two Altcoin Evolution articles, we took a birds eye view on the challenges, implications, and importance of factors like use case and accessibility. Now, well take a high level look at the importance of altcoins having a sales pitch. In a world where constraints around marketing and visibility are ever-present, leveraging the aforementioned use case and accessibility assets for projects is vital in selling how respective projects stand out.
Related Reading | Cardano Founder Responds To Criticism Over New Crypto Partnership
As mentioned in the previous iteration of Altcoin Evolution, the brass at OnlyFans attempted to rebrand themselves as a non-pornographic site, in order to further align themselves with the values of banks that do business with them. At the time of writing, there has been such a huge backlash that the company has been forced to rescind the proposed changes, after receiving assurances that the banks will support all genres of creators.
This whirlwind news story is a perfect example of how unique digital currencies can instantly have a utility from where there was none. What projects can take advantage of these opportunities, and have the stickiness of a sales pitch that can resonate with crypto consumers?
2021 has been a booming year for altcoins. At the beginning of the year, bitcoin made up about 70% of the crypto market. By July, that number was down to about 48%, according to TradingView. There are over 10,000 altcoins all vying for a slice of this growing market.
Whether a project is a meme token, a DeFi utilization tool, or an NFT platform, one thing remains constant: increasing accessibility and informing consumers about ubiquitous project utilization will be paramount in selling a project to potential investors or users.
We see altcoins best sales pitches carrying typically one (or sometimes multiple) numbers of these buckets:
These are the major buckets that crypto projects can lean on to spread word with consumers. How they go about spreading that word has often boiled down to building community which is why Discord and Telegram have become so prominent for crypto users.
That wraps up Altcoin Evolution with regards to challenges for emerging altcoins. In our final installment next week, we will wrap up the series with a summarizing piece that recaps everything weve covered so far, and answers the simple question what should altcoins be doing in todays market?
Thanks for stopping by well see you next week.
Related Reading | 60K ETH Exit Exchanges, Heres Why Its Bullish For Ethereum
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The Altcoin Evolution - Part IV: The Challenges - The Sales Pitch - NewsBTC
This service is declaring that it’s crypto altseason again – Cointelegraph
Every week, subscribers of Cointelegraph's data analytics platform receive a detailed breakdown of each algorithmic tool's performance.
Over the weekend, Cointelegraph's Markets Pro data intelligence service, which offers institutional-grade research tools for crypto traders, shared the latest VORTECS Report with its subscriber community.
The full report, available only to subscribers, zooms in on the past weeks biggest-gaining tokens as identified by the system's artificial intelligence tools and offers interpretations of the data that it makes available to traders. Here are some of the highlights of the latest report:
The Markets Pro Altseason Indicator metric is designed to help traders figure out whether it is a good time to be stocking on altcoins or to be prioritizing BTC investments over the next 14 days. The indicator takes into account the same variables as the VORTECS Score price movement, tweet volume, trading volume and social sentiment plus additional data sources such as altcoin listings and crypto projects press coverage.
When Bitcoin struggles and the market turns bearish, many traders tend to see BTC as a safer place to park value than more volatile alternative crypto assets. Conversely, when Bitcoins position is robust and investor optimism carries over to the altcoin market, money flows to the side of alts, where massive gains can be made.
In May, following months of a blooming altseason that started in early 2021, the Altseason Indicator flipped to the BTC side amid Bitcoins troubles and the corresponding bearish trend in the overall crypto market. However, the recent bullish turn meant that it was only a matter of time before a new altseason began.
Within separate seven-day periods over several weeks now, altcoins have on average been generating larger gains than Bitcoin. Yet, the way it usually works is that Bitcoin must first gain a very solid footing, and only after the original cryptocurrency is healthy enough can altcoins finally break out.
After BTC stabilized in the $45,000$50,000 corridor, the path was clear for alts to storm to new highs. Now, the indicator is 33% on the altcoin side, meaning that historical conditions are favorable for trading alts. While this is still not a very strong Altseason Indicator score, the reversal is itself remarkable.
To get more data-powered insights like this, join hundreds of Cointelegraph Markets Pro subscribers who derive actionable insight from the platforms data tools and its vibrant Discord community daily.
Cointelegraph Markets Pro is a simple, easy-to-use dashboard powered by the same technology and data used by the leading institutional investors at a fraction of the cost. For the full report available exclusively to members, visit pro.cointelegraph.com.
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This service is declaring that it's crypto altseason again - Cointelegraph
Five Red-Hot Altcoins Record Gains of 138% or More Within One Week – The Daily Hodl
Five red-hot cryptocurrencies all with a market capitalization between $250 million and $8 billion have registered triple-digit percentage gains within seven days.
First up is the utility token of Bitfrosts (BFC) multichain ecosystem. The altcoin has surged by 268% after rising from a seven-day low of $0.19 to a high of $0.70, according to CoinGecko.
BFC has since pulled back and is trading at $0.62 at the time of writing.
Another blazing altcoin as of late is the governance token of decentralized virtual space project Starlink (STARL). The token has skyrocketed by 235% from a low of $0.0000085 to a high of $0.000028 in just one week.
At the time of writing, STARL is trading at around $0.000026.
Next up is the native token of smart contracts platform Avalanche (AVAX), which has gone up by 177% within seven days. The altcoin has appreciated from $18.79 to $52.15 during that period according to CoinGecko.
AVAX has given up some of the gains and is at time of writing priced at $46.30.
Fourth on the list is the native token of digital collectibles and gaming network WAX (WAXP). The altcoin has rallied from a seven-day low of $0.16 to a high of $0.44, marking an increase of 175% within a week.
Even after WAXPs massive rally, it is still far from its all-time high of $2.77.
The last altcoin making huge gains in the past week is the native token of decentralized finance platform Coin98 (C98). The crypto asset ignited a big upswing this week from a low of $1.42 to a new all-time high of $3.38, representing gains of 138% in seven days.
After posting its all-time high, C98 has taken a breather and is now valued at $3.14 at time of writing.
Featured Image: Shutterstock/Design Projects
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Five Red-Hot Altcoins Record Gains of 138% or More Within One Week - The Daily Hodl
How to Turn Bitcoin Into Altcoins – The African Exponent
How to Turn Bitcoin Into Altcoins
The current Bitcoin and altcoin global hype has seen unprecedented crypto adoption globally. More people are investing in these digital currencies, hoping to earn a fortune.
Bitcoin is most peoples entry coin. While you can make great profits with your BTC, most traders pick promising altcoins that can offer better gains soon enough. So, how do you convert Bitcoin into altcoins?
Here are important aspects to consider before proceeding with Bitcoin to altcoin conversion.
Deal With Price Fluctuations When Converting Bitcoin to Altcoins
Turning BTC to altcoins, such as Ethereum or Dogecoin, requires due diligence that goes beyond focusing on price charts at face value. Cryptocurrencies are highly speculative. Unlike fiat that is only highly volatile during the extreme crisis, crypto prices always fluctuate.
Price fluctuations can be a result of the value of an altcoin falling in relation to the USD due to a drop of interest, or people dumping it, or a rise in Bitcoins value.
The best approach to the price fluctuation between any BTC/altcoin pair is to check specific price movements and normalize them. You can do this by using a percentage of the base currency with regard to the same timeframe.
Mitigation of large digs or spikes in altcoins can be achieved by dividing the base currencys percentage change. Alternatively, you can multiply the change in the value of altcoin by the change in volume. Then divide whatever you get by the altcoins change in volume (percentage).
Now that you have a glimpse of what to expect when converting Bitcoin to altcoins, choose a good platform. Today, some exchanges protect you from price fluctuations by offering fixed rates.
Godex.io has a cryptocurrency conversion calculator that allows you to transact crypto at a fixed rate. The exchange rate doesnt change as you turn BTC to altcoins irrespective of price fluctuations. Even better, Godex has over 200 coins to pick from.
How to Convert Bitcoin to Altcoins on Godex
Choosing a platform to convert your Bitcoins into altcoins is not an easy task, especially with such a variety of services. An ideal exchange lets you carry out secure transactions anonymously and at the minimum cost possible.
Godex provides information on the price of Bitcoin and altcoins along with real-time exchange rates. Besides, traders on Godex can view trading volumes within the last 24 hours and conversion tables.
To convert Bitcoin into altcoins, you must perform thorough calculations. Fortunately, Godex is one of the most accurate crypto conversion services in the market.
Why Choose Godex
Procedure for Converting Bitcoin to Altcoin
Godex provides a simple approach to crypto-to-crypto conversion. To get started, follow the steps outlined below:
Conclusion
Converting Bitcoin into altcoins is a tedious process that requires a rigorous phase of research to get the most desirable exchange platform. You need to find a secure platform that guarantees your anonymity and doesnt rip you off through huge transaction fees.
Besides, to avoid hopping from one exchange platform to the other, go for a service that offers multiple trading pairs with fixed conversion rates. This should allow you to convert BTC to an altcoin of your choice seamlessly.
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How to Turn Bitcoin Into Altcoins - The African Exponent
This Surging Altcoin Is Primed to Ascend Higher, Says Crypto Trader Lark Davis – The Daily Hodl
A popular crypto trader thinks one particular cryptocurrency is primed to continue its major run-up.
In a new YouTube video, crypto trader and market analyst Lark Davis tells his 417,000 subscribers that he is eyeing the smart contract platform Terra (LUNA) as a major contender for the next leg of the bull run.
Lark says that the platform has come a long way in the rankings by simply staying focused on highly desirable applications.
The important thing is building things that people want, and this is what Terra has managed to do.
Now its actually very, very impressive because the Terra asset, LUNA at the time of recording this video, was number 22 on CoinGecko. Now it has managed to rise up to be a top-22 coin, with really only three applications on the entire blockchain.
The three applications Davis refers to are the crypto lending protocol Ankr (ANKR), synthetic stock trading platform Mirror (MIR) protocol, and mobile payments app Chai.
Davis also highlights a unique feature of LUNAs native algorithmically pegged stablecoin, UST. The feature requires LUNA tokens to be burned from supply when new UST is minted.
What happens when we have dozens of applications all these DeFi protocols that are hungry for that UST stablecoin, and people keep burning up LUNA in order to get more UST.
In a Twitter thread, Davis concludes his bullish thesis by covering the upcoming update to the Terra ecosystem, dubbed Columbus 5.
Now lets talk Columbus 5, a major upgrade underway which will:
Burn all seignorage (more Luna burning)
Pay more to stakers
Cosmos IBC integrations
Terras Wormhole upgrade will bridge Terra to Ethereum, Solana, and Binance Smart Chain. 3 of the top 5 chains by TVL [total value locked].
Assuming this and more of the same from Terra and I think the price will go much higher.
At time of writing, Terra is trading at $29.40 and has a market cap rank of 15 on CoinGecko.
Source: Lark Davis
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This Surging Altcoin Is Primed to Ascend Higher, Says Crypto Trader Lark Davis - The Daily Hodl
The next Bitcoin? Why investors are bullish on fast-rising altcoin Cardano – The Motley Fool Australia
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The Bitcoin (CRYPTO: BTC) price has slipped back below the vaunted psychologically important US$50,000 level.
Having traded as high as US$50,496 during the past 24 hours, Bitcoin is down 1.4% since this time yesterday, currently trading for US$49,549.
Still, the worlds biggest crypto by market cap remains up 70% since 1 January.
Where it heads next is up for debate.
Taking a technical analysis view, globalmulti-asset investment platform eToros market analyst Josh Gilbert said, If BTC can break above the next resistance level at $51,000 and hold, then I expect to see further upside as demand increases.
But theres more to the world of cryptos than Bitcoin.
A lot more.
Yes, were looking at you Cardano (CRYPTO: ADA).
This time last year you could have picked up 1 Cardano for 12 US cents.
Having gained another 2.8% over the past 24 hours, the altcoin is now worth US$2.88. That gives it a market valuation of US$92.9 billion.
Thats enough to vault Cardano into the number 3 crypto spot. It now trails only Ethereum (CRYPTO: ETH) market valuation of US$391.4 billion and Bitcoin, with its market valuation of US$928.8 billion.
In other words, if today is the first time youve heard of Cardano, its unlikely to be the last.
While Cardano has a long way to go before it overtakes Bitcoin in terms of market valuation, dont forget that only 12 months ago it was trading for a mere 12 US cents.
Gilbert said, We know that investors are bullish on ADA, as it was the most traded cryptoasset globally by eToro investors in Q2 2021.
According to Gilbert:
While BTC continues to be the most dominant cryptoasset, it has been recently outperformed by Cardano (ADA). ADA has reached new record highs trading at US$2.88, up more than 1,480% year-to-date.
Gilbert adds that, ADA is the largest altcoin by market cap to reclaim a new all-time high since the crypto sell-off in May 2021.
Bitcoin is still some 24% below its mid-April record highs of US$64,829. Ether, currently at US$3,334, also remains down 24% from its US$4,382 record high reached in mid-May.
So why all the investor enthusiasm for Cardano?
According to Gilbert:
The Alonzo upgrade for ADA, which will provide smart-contract capabilities to the network, is set to be fully released by September 2021 Once the upgrade is complete, ADA will be in a solid position to challenge Ethereum (ETH) for the De-Fi crown. The price appreciation of ADA with benefits such as staking makes it a standout to retail investors.
Whether Cardano continues its march higher or is due for a sharp retrace remains to be seen.
But for now, it would seem, Bitcoin has a new challenger.
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The next Bitcoin? Why investors are bullish on fast-rising altcoin Cardano - The Motley Fool Australia
Fetch.ai, Bancor and Two More Altcoins Headline Assets With Heavy Whale Accumulation: Santiment – The Daily Hodl
Crypto analytics firm Santiment says that deep-pocketed investors are buying up Fetch.ai, Bancor and two more altcoins.
The crypto insights platform tells its 89,800 followers that decentralized machine learning network Fetch.ai (FET) leads the altcoin pack in terms of heavy whale buying.
It is followed by decentralized exchange Bancor (BNT), indexing protocol The Graph (GRT), stablecoin governance token Maker (MKR) and blockchain-based gaming platform Enjin (ENJ).
The number of whale addresses have grown for many assets, and fallen for others. Looking to get into projects where large addresses numbers have been rising? Watch FET, BNT, GRT, MKR and ENJ.
Looking at Bitcoin, Santiment says that even though the king crypto has rallied above $49,000, market participants appear to doubt BTCs recent strength.
Commentary toward BTC right now, however, is actually more negative and sparse than usual. When cryptos top coin is doubted and overlooked, this historically pushes prices further north.
As for Ethereum, the crypto analytics firm highlights that ETHs on-chain activity is on the up and up amid the surge in the value of the leading smart contract platform.
Ethereums climb back toward its May price all-time high continues, as the amount of ETH circulating on the network has hit a one-month high. If this metric climbs further, it will be a component to the #2 market cap asset exceeding its previous [all-time high].
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Fetch.ai, Bancor and Two More Altcoins Headline Assets With Heavy Whale Accumulation: Santiment - The Daily Hodl
Hedera Hashgraph Price: HBAR Could be the Next Hot Altcoin – InvestingCube
The Hedera Hashgraph price is in a strong bullish trend today as interest in the coin rises. It has risen to $0.2785, which is about 100% above the lowest level in July. HBAR has a market capitalization of more than $2.5 billion and is the 53rd biggest coin in the world. It is slightly below Waves and above Compound.
Hedera Hashgraph is an enterprise-focused blockchain project that helps companies build decentralized applications. It is a third-generation network that is built on a proof-of-stake consensus mechanism known as the hashgraph consensus. It is well-known for its low fees, high throughput, and fast transaction speeds. Indeed, it can handle about 10,000 transactions per second while its average fee is about $0.0001. This compares to Ethereums fee of about $20.
Hedera Hashgraph is owned and governed by leading companies globally. Some of the best known firms are Boeing, Deutsche Telekom, Google, London School of Economics, IBM, and Tata Communications. Some of the products built on the network are a decentralized capital market by AllianceBlock, a connected product cloud by Avery Dennison, and an NFT marketplace by GoMint.
Therefore, based on the overall performance of VeChain, another enterprise-focused network, I suspect that HBAR could be the next top altcoin to watch.
The daily chart shows that the HBAR price found a major support at $0.1518 last month. Since then, the coin has jumped by more than 100%. A closer look shows that the coin is forming what looks like a cup and handle pattern. This pattern is usually a bullish sign. At the same time, it has moved above the 25-day and 50-day exponential moving averages (EMA).
Therefore, with interest of the coin rising, there is a possibility that it will keep rising as bulls target the key resistance at $0.4200. This price is at the upper side of the cup and is about 50% from the current level. On the flip side, a drop below $0.2 will invalidate the bullish view.
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Hedera Hashgraph Price: HBAR Could be the Next Hot Altcoin - InvestingCube