Altcoin News by Thebittimes.Com

PANDA and MEW see price rally but face resistance resulting in pullbacks. Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum. Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage. In the volatile world of cryptocurrency, investors are always on the lookout for the next big opportunity. Recently, two altcoins, Panda Swap (PANDA) and Cat in a Dogs World (MEW), experienced significant price rallies, attracting attention from the crypto community. However, the bullish momentum for the two tokens has cooled off and investors are now turning their focus to a new altcoin like Algotech (ALGT), signalling a dynamic shift in market sentiment. Panda Swap (PANDA) price rally and pullback Panda Swap (PANDA) recently witnessed a remarkable price rally, driven by massive interest from the meme coin community. The token’s surge was fueled by anticipation surrounding its expected listing on MEX...

XAI is today’s second most popular crypto currency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment, and the remaining are neutral. The attention towards XAI is likely caused by today’s Binance announcement that the token would be listed on the platform. Still, the positive sentiment surrounding the listing did not protect the token from today’s general market downturn. You might also like: North American blockchain gaming market set to reach $600b by 2030 #Binance lists @XAI_GAMES $XAI! Trading is now live ️ https://t.co/4NkNo8ZDxq pic.twitter.com/L4gv2XdcIe — Binance (@binance) January 9, 2024 XAI is trading at $0.55 after seeing its price fall by over 18% over the ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. InQubeta (QUBE), an AI-powered altcoin, excels in its pre-sale, raising $6.8 million and hinting at surpassing giants like Injective Protocol. AI-powered altcoin s are interesting to watch, as they are making serious waves in the crypto markets. One of them is InQubeta (QUBE). With its pre-sale soaring past $6 million, it’s not just catching the interest of the crypto community but also sparking discussions about potentially surpassing giants like Injective Protocol (INJ). Let’s unravel the details and explore why InQubeta is a force to be reckoned with in the beginner cryptocurrency space. InQubeta’s rise in pre-sale InQubeta (QUBE) is rocking it in Stage 6 of its pre-sale, with its tokens at $0.01925 each. The project has already pulled in $6.8 million, and over 633 million tokens have already been spoken for by those early bir...

As Bitcoin hits resistance, a new wave of altcoins like Solana, Injective, and Chainlink are surging ahead. Is this the dawn of a new altcoin era? Bitcoin might have pulled the crypto market from its multi-month sluggishness, but the big winners right now are altcoins, as many cryptocurrencies have outperformed BTC during the last few weeks. Does the crypto market ignite the engine for another altcoin season? How to benefit from this rally? We’re about to figure it out in this post. Altcoins perform great in Q4 Altcoins – digital assets other than Bitcoin – have demonstrated great returns in the last quarter of the year, and some of them took off earlier than that. While Bitcoin has gained over 40% since mid-September to consolidate above $35,000, Solana’s (SOL) value has tripled, while Injective (INJ) and Chainlink (LINK) have surged by 150%. Avalanche (AVAX), Aave (AAVE), Polygon (MATIC), and Cardano (ADA) have also outperformed Bitcoin during the last 60 days. Bitcoin and Altcoin’s...

Bitcoin has sparked a market -wide recovery campaign, leading to a 3.8% surge in the global crypto market cap and a spike in trade volume amid increased buying power. Remarkably, Bitcoin (BTC) recently came back against the bears to recover the losses of the last few days, resulting in a shift in market trends. The global crypto market cap is now back above the $1.4 trillion mark, up 4.44% over the past 24 hours to $1.43 trillion. Crypto market cap | Source: CoinMarketCap In addition, the market is witnessing a resurgence of traders, with global trade volume recently spiking 5.97% to $70.22 billion. BTC has surged 4.06%, while Ethereum (ETH) is up 2.61% within the last 24 hours. This pattern suggests increasing buying pressure. You might also like: Lookonchain reports whales are dominating the Ethereum market with big sales Santiment confirmed this trend in a recent disclosure, calling attention to a spike in activity for Tether (USDT), the dominant stablecoin in ...

The Litecoin Network shared news it had just processed its 180 millionth transaction. In contrast only 39 million transactions were recorded last year. Mixed signals Litecoin, one of the first altcoins, created to help complete cryptocurrency transactions quicker and at a cheaper rate, shared an update that so far in 2023, the network has processed 51 million transactions, setting a new record. The price of Litecoin has been consistently following a downward trend since the most recent halving on Aug. 2 with many “crypto whales” selling off their holdings in the pre-halving price spike that occurred in July.  CoinMarketCap reports Litecoin currently sits in the 15th spot on the list of cryptocurrencies by market cap at a price of $61.47. You might also like: Litecoin and Monero stumble, DigiToads retains bullish momentum A secondary cause for concern comes down to the project’s GitHub repository, which has shown no code commits have occurred in 5 months...

The Near Foundation treasury grew to $350 million under Flament's tenure. Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned. According to the September 21 announcement, Chris Donovan, Near Foundation's general counsel, will replace Flament as the new CEO following the resignation. Flament gave no specific reason for her departure. Speaking on her tenure, Flament said:  "Two years ago, I had never heard of NEAR. Upon doing a bit of research and after several conversations it became clear that NEAR had a tremendous potential – fantastic tech, a diverse and vibrant community and a world of open possibilities, and so I joined." From 2021 to 2023, Flament claims that the daily active user count of Near Protocol grew from 50,000 to 3 million. Its Twitter followers also grew from 200,000 to over 2 million, citing more than 2,000 pieces of press coverage. Partnerships signed by Near during this period include S...

Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partners hip between Bitbuy and crypto currency ATM provider Localcoin ATM. The partnership, announced on Sep. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press release from WonderFi. PRESS RELEASE: Bitbuy Partners with Localcoin, Canada's Largest Bitcoin ATM Provider Bitbuy's digital asset offering now powers nearly 50% of Canada's Bitcoin ATMs MORE DETAILS: https://t.co/rqBDoHev1O — WonderFi (@WonderFi) September 18, 2023 Bitbuy was the first cryptocurrency exchange to receive full regulatory approval in Canada. It was acquired by WonderFi in the January 2023 purchase of its parent company First Ledger Corp., for close to $162 million (206...

Trust Wallet Token (TWT) has finally gained traction after 28 days of consecutive downward momentum. The hike comes with a massive surge in trading and social volume s. TWT is up 8.4% in the past 24 hours, making it the top gainer among the top 100 cryptocurrencies. The asset is trading at $0.815 with a $342 million market cap at the time of writing. TWT price, social volume and whale activity – Sept. 12 | Source: Santiment According to data provided by the market intelligence platform Santiment, Trust Wallet Token’s 24-hour trading volume skyrocketed by 460%, reaching $72.3 million. You might also like: Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows Moreover, Santiment data shows that TWT’s social volume rose 370% over the past day.  On the other hand, whale transactions consisting of at least $100,000 worth of TWT have plunged by 100% since Aug. 28. This indicates that small investors have triggered Trust Wallet Token’s recent up...

Factors considered to calculate a country’s readiness were the number of crypto ATMs proportional to the population and geographical size and the number of blockchain startups per 100,00 people. While public acceptance remains key to crypto’s existence, the road to mainstream crypto adoption requires governments to set up a supporting infrastructure that complements the requirements of the technology and the people.  Factors such as crypto ATM installations, pro-crypto regulations, startup culture and a fair tax regime signal a country’s readiness to adopt cryptocurrencies. Considering these factors, a Forex Suggest study revealed Hong Kong’s position as the best-prepared country for widespread cryptocurrency adoption, with a crypto-readiness score of 8.6. Despite having a bigger crypto infrastructure than the island nation, the United States and Switzerland made it to the top three with lower crypto-readiness scores of 7.7 and 7.5, respectively, as shown below. The biggest factors co...

Trader Joe says its "Liquidity Book" will mitigate the impermanent loss "suffered by so many liquidity providers on other DEXs" during times of market turbulence. Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss.  In a newly released whitepaper on Aug. 23 called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, “TraderWaWa”, “Hanzo” and software engineer “Louis MeMyself”, the developers outlined the use of Liquidity Book (LB) with an additional variable fee swap feature to "provide traders with zero or low slippage trades." /4 Impermanent Loss One of the most critical issues of Uniswap V3 is that impermanent loss often exceeds swap fees. A study effectuated by the @Bancor team showed that 50% of Uniswap V3 LPs lose money. Liquidity Book solves this problem by introducing variable swap fees. — The DeFi Invest...

Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs. Upcoming dYdX unlock event. Source: token.unlocks.app The remaining 4.03 DYDX token s will be split between liquidity provider rewards (1.15 million token s worth $2.47 million) and trading rewards (2.88 million token s worth $6.18 million). Full funds allocation for dYd...

Glassnode’s latest on-chain metrics show the number of bitcoin wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets. The court decision that XRP is not a security has brought about positive reactions from market participants, as it challenges the Securities and Exchange Commission’s (SEC) stance on token classification.  Ripple CEO Brad Garlinghouse has praised the ruling, asserting that it will likely positively affect other digital tokens operating in the United States. This legal victory has triggered a surge in altcoin prices.  You might also like: Ripple CEO calls XRP ruling a win for crypto industry XRP has experienced a short-term price decline after a dramatic surge. It is currently valued at $0.7285. XRP’s price surged by 54.02% during the past week. With 53 billion XRP in circulation, the digital asset’s market cap is $38.2 billion. XRP price | Source: CoinGecko The RSI value on ...

MATIC price surged due to favorable regulation, increased network use and anticipated Polygon 2.0 upgrade that could see a rebrand to POL. Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0. MATIC/USD 12-hour price at Coinbase. Souce: TradingView Within just 12 hours, MATIC witnessed a remarkable 24% rally, propelling its price to $0.89 on July 13, reaching its highest level in five weeks. Although the initial excitement subsided, the token managed to sustain a daily gain of 15%, indicating growing demand from traders and investors. MATIC seizes opportunity from the SEC's loss On July 13, the United States District Court for the Southern District of New York ruled that XRP is not a security. This court decision could have far-reaching implication...

The move-to-earn platform had 2 billion $SWEAT tokens locked up in inactive user accounts which the community has voted to be returned to a governance contract. Move-to-earn platform Sweat Economy is set to repurpose over 2 billion native $SWEAT tokens that were locked up in inactive user wallets. The tokens, valued at around $10 billion, were locked up in dormant user accounts following a token airdrop event in Sep. 2022. According to the platform, Sweatcoin users that opted into the Web3 move-to-earn’s crypto offering received $SWEAT tokens that were locked up in a 24-month lock-up contract. Users that failed to install the Sweat Wallet over the past year and claim locked tokens essentially left a sizable portion of the ecosystem’s token supply frozen in inactive accounts. Sweat Economy’s foundation controls the keys to the lockup contract responsible for the token generation event, allowing for the platform to repurpose the tokens that otherwise would have been ‘abandoned’ and unre...

The expansion came following a “productive dialogue” with the U.K. Prime Minister and “months of constructive conversations” with UK policymakers, a16z’s general partner said. Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner cited a “ predictable business environment ” as one of the main factors behind its decision to expand, and comes amid a slew of regulatory actions against crypto firms in the United States in recent months. Big news to share: @a16z is expanding to the UK We plan to open our first international office in London later this year, and will host the next Crypto Startup School there in 2024. Why the UK? https://t.co/PQ7GuNEn77 — cdixon.eth (@cdixon) June 11, 2023 Dixon said the decision was finalized after a “productive dialogue” with the U.K. ...

BNB is clinging on to its short-term bullish bias amid the Binance-SEC fiasco but a 30% price decline is still on the cards. The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance. BNB price eyes technical bounce The impact of the SEC lawsuit on Binance has been substantial so far with BNB down nearly 15% week-to-date. BNB daily market capitalization. Source: TradingView On June 6, the SEC requested the Washington D.C. district court to freeze Binance's U.S. assets worldwide. The order, if passed, will likely force the exchange to repatriate "fiat currency and crypto assets deposited, held, traded, and accrued by customers" at its U.S. platform. Meanwhile, Binance's United States' entity halted trading for several pairs, including Bitcoin (BTC), Tether (USDT), and Binance USD (BUSD). Theoretically, these events risk stirring people's BNB buy...

After the explosion in popularity of the memecoin $PEPE, moderators on the original Pepe the Frog subreddit felt the pressure to lay down the law. Moderators on Reddit began to take action on crypto -related Pepe the Frog hype flooding into the meme’s original subreddit s after the explosion of the $PEPE memecoin. On May 9, a moderator for the “r/pepethefrog” pinned a post in which they declared that all “ crypto currency promotion and all similar schemes such as NFTs” will be banned from the subreddit .  “This subreddit is for pepe the frog art to be shared and created and not for currency trading.” The moderator also said that several other moderators will be added as “they are needed,” followed by a call for additional moderators for those interested. Responses from members of subreddit were overwhelmingly in favor of the decision, with thanks being given to the moderators and others saying “finally.” Pepe meme art in the original subreddit after purging crypto-related accounts. ...

Altcoin prices have crumbled since BTC’s sharp pullback, but BNB, ADA, XMR and TON could be the first to bottom. Bitcoin (BTC) is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600 to $25,000 zone where buying interest may pick up. When an asset emerges from a bear market, it tries to form higher lows on the way up. These levels act as strong supports during subsequent corrections. The current pullback could end up forming a higher floor for Bitcoin, which may act as a launch pad for the next rally. Crypto market data daily view. Source: Coin360 If long-term investors believe that a bottom has been made, then panicking and selling on every corrective phase is not a good strategy. Rather, every dip could be an opportunity to build a portfolio. The correction in Bitcoin has pulled several altcoins lower. Only a handful of major cryptocu...