Altcoin News by Thebittimes.Com

A closely followed crypto strategist believes three new digital assets are about to soar in the coming weeks. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that three altcoin projects have a lot of upside potential after launching during relatively poor market conditions. The three projects are cross-chain messaging protocol Wormhole (W), Ethereum (ETH)-based project Omni Network (OMNI) and TNSR, the governance token of non-fungible token (NFT) platform Tensor. “Eyes on new coins . W, OMNI and TNSR are all on my radar. They launched in relatively bad conditions and I expect some of these (W especially) to go up a decent amount over the coming weeks. Better as a spot trade in my opinion.” Source: Altcoin Sherpa/X Source: Altcoin Sherpa/X Source: Altcoin Sherpa/X At time of writing, W is trading for $0.62, OMNI is trading for $25.20 and TNSR is trading for $1.19. The analyst also warns that Bitcoin (BTC) could b...

In March, the cryptocurrency market witnessed a surge in the popularity of meme coins , such as Shiba Inu (SHIB) and Dogecoin (DOGE). Initially driven by enthusiastic online communities and viral social media trends, these coins and tokens now seek to establish themselves within a more mature cryptographic ecosystem.  Several forthcoming events within the broader market have the potential to generate favorable conditions for the aforementioned meme coins.  Picks for you VALR crypto exchange receives regulatory license as a CASP in South Africa 2 hours ago 2 silver-backed cryptocurrencies to invest in as demand skyrockets 2 hours ago Cardano smart contracts soar with over 1,000 added in April 3 hours ago Geopolitics expert G. Celente explains how Middle East crisis will crash global economy 3 hours ago Favorable market winds for meme coins The upcoming Bitcoin (BTC) halving, has historically coincided with price increases for Bitcoin ...

TLDR NuggetRush (NUGX) is a top crypto investment in blockchain gaming, integrating crypto, gold mining, and real-world artisanal mining into a play-to-earn (P2E) NFT platform. Gamers build mining businesses, earn valuable in-game assets, and enjoy a realistic gaming experience. Dogwifhat (WIF) is experiencing a notable negative influence, with a 10% correction and a 25% market cap loss since the start of April. The charts indicate a bearish trend and a possible price breakdown soon. Arbitrum (ARB) faced significant volatility after the release of 1.1 billion tokens, dropping over 30% and finding support at $1.40. Market saturation contributed to the decline, and the future remains uncertain, with potential investor demand slowing. Diversification is key for any financial portfolio, and crypto portfolios are no different. That’s why these three cryptocurrencies are being added to a growing number of cryptocurrency portfolios: NuggetRush (NUGX) , Dogwifh...

CryptoQuant analyst predicts Bitcoin’s swift departure from the $70K threshold. The analyst expressed this view amid surging liquidity inflows via stablecoin. Tether injected $2 billion into the crypto market last week. Crypto Dan, a researcher at data analytic firm CryptoQuant, believes Bitcoin will not remain around the recently attained $70K threshold much longer. Crypto Dan expressed this sentiment after observing the heightened level of liquidity flowing into the crypto market recently. The researcher noted that the liquidity inflow has not been for Bitcoin alone but for alt coins as well. Crypto Market Liquidity Surges, Surpasses All-Time High “The increase in stablecoin supply can indicate purchase demand not only for #Bitcoin but also for other coins , and to that extent, the current market atmosphere can be interpreted as positive.” – By @DanCoinInvestor Link… pic.twitter.com/mSzvkmbOog — CryptoQuant.com (@cryptoquant_com) March 11, 2024 ...

Feb 23, 2024 at 07:06 // Price Author Coin Idol The best-performing cryptocurrencies have fully emerged from the bear market and recovered this week. Altcoins have risen steadily with or without obvious obstacles. Analysis from Coinidol.com brings you this week's review of JASMY, WLD, AGIX, SC and FET coins. JasmyCoin JasmyCoin (JASMY) is currently in an up trend and has fully recovered from its previous decline. The cryptocurrency is in a vertical rise and has reached a high of $0.016. The altcoin surpassed its historical price of $0.0079 on May ...

Meme coins currently rank among the most sought-after tokens in the cryptocurrency market. Renowned for their high volatility, some of the most notable meme coins have experienced staggering increases of over 10,000% in recent months. Investors have amassed significant wealth by strategically acquiring the right meme coin at opportune moments. With the broader crypto market experiencing gains and expectations of significant developments in 2024 that should continue these gains, investors might be looking at less expensive options that will provide them with an introduction to the cryptocurrency world. Dogecoin (DOGE) Dogecoin (DOGE), the pioneering meme coin, was introduced in 2013 as a playful jest. Although sharing the same source code as Bitcoin (BTC), it has no restrictions on the quantity of DOGE tokens that can be mined. Despite the seemingly unfavorable tokenomics for sustaining value, many enthusiasts view Dogecoin as a potential future currency. This token facilitates i...

Solana currently hosts over 200 cryptos, including meme coins like Bonk (BONK), Moonlana (MOLA), and Wall Street Memes (WSM).  Even so, some investors believe Ethereum’s ecosystem is more dependable and vibrant. The pioneer project provides a space for many crypto projects—including meme coins . One of them is Galaxy Fox (GFOX).  This article looks at Galaxy Fox and how it compares with Solana-based meme coins. Introducing Galaxy Fox Memes have become a driving force on the internet, and their influence has also extended to the crypto market.  Meme coins have gained popular ity due to their playful nature and accessibility in the often complex and technical crypto landscape.  However, for beginners, most meme coins carry inherent risks due to their reliance on temporary trends and hype, leading to potential overnight value drops. Galaxy Fox offers diverse utility and tangible rewards. Built on Ethereum, GFOX debuted as a P2E gaming token, offerin...

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...

A widely followed crypto trader says two prime setups have formed on two low-cap altcoin projects. Pseudonymous analyst and trader Altcoin Sherpa tells his 196,000 followers on the social media platform X that he’s watching decentralized finance (DeFi) lending platform Venus (XVS), and proof-of-work cryptocurrency Flux. Altcoin Sherpa says both coins have consolidated in prime areas right on resistance near the 200 4-hour exponential moving average (EMA), before blowing past their key levels. “Look at these two trade setups with XVS and FLUX -consolidation right near resistance -right near the 200 EMA on the 4h -Rounded bottom EXPLOSIVE move through resistance.” Source: Altcoin Sherpa/X Source: Altcoin Sherpa/X XVS is trading at $4.39 at time of writing, with a $67.9 million market cap, while FLUX is priced at $0.39 with a $100 million market cap. Altcoin Sherpa is also looking at COTI, a DAG (directed acyclic graph) protocol optimized f...

A recent survey by BTC Peers shows that 40% of young American investors aged between 18 and 40 dived into cryptocurrencies for viral meme coins . The anonymized survey was taken among 2,531 US citizens, each completing a 55-question poll. This allowed users to share their enthusiasm for investing in crypto assets. “I bought Dogecoin after seeing memes about its price skyrocketing. The jokes made it feel like a fun club to join.” One user said in the survey. While 11% of the investors said their goal was to make long-term money, “the majority are in it for amusement and social belonging,” per BTC Peers. The bulk of meme coin investors, around 83%, belong to Millennials or Gen Z, the survey found. Moreover, 65% of the survey ed users claimed that humor and jokes help them understand the complex concepts of the crypto industry easily. One participant added that meme coins help to “spark enough curiosity” to learn more about “intimidating stuff like decentralized netwo...

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 ...

Source: iQoncept/Adobe The top Japanese financial regulator has stated that it intends to police “algorithmic stable coins .” And the South Korean central bank also wants the power to regulate fiat-pegged tokens. The Japanese Financial Services Agency (FSA) this week released presentation materials for a lecture conducted by Tomoko Amaya, its Vice Minister for International Affairs. The materials were presented last month at a crypto-themed summit of the Official Monetary and Financial Institutions Forum, the FSA revealed in a press release. The presentation was entitled “Regulating the crypto assets landscape in Japan.” It focused heavily on past and present regulatory efforts. But Amaya ended by echoing previous Financial Stability Board calls to ensure that “global stable coins must not use algorithms in stabilizing their value.” She added that the notion of “strengthening” the “ensuring of redemption rights...

Adobe Stock / By Igor Faun While stocks continued Friday's downward trend Monday, Bitcoin and other cryptocurrencies remained relatively steady, though Bitcoin is currently struggling to stay above the $17,000 support. As markets remain unpredictable, this is a great time to follow the lead of many other investors buying into successful presales to get in on the ground floor of some very promising projects. More on this below. The economic calendar for the week ahead is led by new readings on the producer price index (PPI) — which measures prices paid for goods and services before they reach consumers — and consumer sentiment. On Monday, the ISM Manufacturing Index expanded faster than expected in November, coming in at 56.5 compared to estimates of 53.5. This is above October’s reading of 54.4. According to the Purchasing Managers’ Index (PMI), new business activity fell at the sharpest rate since May 2020. The PMI for November is 46.2, which...

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $851 billion. Bitcoin is up by nearly 2% this week. Ethereum gained more than 3% over the past seven days. XRP decreased by nearly 4% this past week. Almost all altcoins are trading in the red, with few exceptions. The DeFi sector increased the total value protocols (TVL) to around $41 billion. Crypto Trends November 28 – December 4, 2022: Market Analysis and Performance The crypto market has had a positive week in many aspects. Firstly, the market capitalization increased by around $10 billion. It’s not much, but it is a step in the right direction. Next, most of its primary assets have recorded small but promising gains. Lastly, the crypto community finally got to confront former FTX CEO Sam Bankman-Fried and obtain some precious answers. Bitcoin started the week sluggishly, flirting with support at...