Altcoin news-Page 161
Why HODL for 48 hours? Because your altcoin wallet will thank you
It might seem that the volatility of digital assets’ prices and the lightning speed with which crypto markets move would mean that those who act fastest secure the heftiest rewards. And, in certain cases, this holds true. For example, when an announcement of a token’s listing on Coinbase or Binance first goes public, and the asset’s price line becomes all but vertical. But, in many cases, the tortoise beats the hare. This principle is clearly at work when it comes to traders using quant-style tools to enhance their decision-making. One example is the VORTECS™ Score, an algorithmic comparison between historic …
Markets Pro / Oct. 16, 2021
The responsibility behind a crypto lender’s asset listing
Crypto lenders are the institutions situated between consumers and the untamed, blockchain-based, and often unregulated space of cryptocurrencies. As such, they are in a peculiar position when it comes to responsibility towards their customers and the assets for which they provide services. Consequently, when choosing which currencies to support, lenders lead a delicate dance of responsibility, a balancing act between catering to popular demand and adding cryptocurrencies that are sustainable, worthwhile and safe. Demand vs. approval: The question of endorsement It’s unsurprising that in a nascent industry full of new investors, a lender’s asset integration is often taken for endorsement. …
Blockchain / Oct. 16, 2021
Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin (BTC) rose within a few steps of $63,000 today for the first time since April 18. The recent surge in the price may have been caused by various documents pointing to the eventual approval of a futures-based BTC ETF by the United States Securities and Exchange Commission. According to these documents, the regulator may be close to green lighting the application to list Valkyrie’s Bitcoin Strategy exchange-traded fund ETF on Nasdaq. Analysts pointed out that the price of gold had risen sharply leading up to the launch of the first U.S.-based gold ETF in 2004. Thereafter, the rally continued …
Bitcoin / Oct. 16, 2021
Privacy-focused altcoins soar after Bitcoin’s ETF news sparks a market-wide rally
Traders and the market are showing extreme optimism on Oct. 15 after rumors and an assortment of documents suggest that the path toward a Bitcoin ETF approval has fewer obstacles lying ahead. Following the positive news, the price of Bitcoin (BTC) rallied to nearly $63,000 for the first time since April and multiple altcoins saw their prices book triple-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were NuCypher (NU), Keep Network (KEEP) and Orchid (OXT). NuCypher partners with Keep Network NuCyper is a protocol focused on creating decentralized encryption, …
Bitcoin / Oct. 15, 2021
Better call SOL: Month-long consolidation puts Solana price en route to $275
Solana (SOL) price technicals suggest SOL can hit $275 in the coming sessions. The upside outlook for the world's sixth-largest cryptocurrency by market capitalization comes as it consolidates inside a range that appears like a bull pennant. In detail, Bull Pennants are bullish continuation indicators that form as the price consolidates inside a symmetrical triangle-like structure following a strong move upside. The consolidation trend accompanies declining volumes, reflecting on the trend's underlying weakness. And, as the price approached the apex — the point where the pennant's trendlines converge, it tends to undergo a breakout to the upside, with the bull …
Bitcoin Price / Oct. 15, 2021
Q3 saw significant crypto market recovery from May crash, says new report
Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors. Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization dipping even further in late July below the $1.2 trillion, less than half of the $2.5 trillion all-time high recorded only two months prior. However, market capitalization did recover in Q3, rising as high as $2.3 trillion in early September. According to the CoinGecko report, Bitcoin (BTC), gaming “coins,” and nonfungible tokens (NFTs) dominated the crypto market space in Q3. Bitcoin recorded a 25% …
Nft / Oct. 15, 2021
Polygon can hit $3.50 in Q4 as MATIC’s 20% weekly rally triggers bull flag setup
Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag. In detail, bull flags are bullish continuation patterns that emerge when the price consolidates following a strong move higher. In doing so, the price tends to trend lower while leaving behind a sequence of higher lows and lower lows. A breakout occurs when the price closes above the flag’s upper trendline (or resistance). In other words, the price can rise by as much as the height of the previous uptrend, also known as a …
Markets / Oct. 15, 2021
A consulting expert and market expert supports the growth of new cryptocurrency projects
2021 has been a year ripe in the cryptocurrency market, bringing about many new business concepts with the potential to take the world by storm. With cryptocurrency comes the ability to democratize the traditional financial system and create a true peer-to-peer medium for data and monetary exchange. The result is that the possibilities brought about by this technology are endless. Vitalik Buterin, one of the co-founders of Ethereum, said it best by sharing that “whereas most technologies tend to automated workers on the periphery doing menial tasks, blockchains automate away from the center." Therefore, “instead of putting a taxi driver …
Altcoin / Oct. 15, 2021
Bitcoin-related altcoins surge as BTC ETF rumors spread across the sector
On Oct. 14, bulls flexed their muscles and showed their intent to push the price of Bitcoin (BTC) closer to its $65,900 all-time high. One reason for the move is the steady chatter about the possibility of a Bitcoin exchange-traded fund (ETF) being approved by the end of October. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $54,103 on Oct. 13, the price of Bitcoin rallied 8.2% to an intraday high of $58,532 on Oct. 14 as the ETF discussion made fresh rounds on Crypto Twitter. The spike above $58,500 is also significant because …
Adoption / Oct. 14, 2021
Ethereum price hits $3,800, boosting bulls' control in Friday's ETH options expiry
Ether (ETH) entered a slightly bullish channel earlier this month and currently, the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on Oct. 15's weekly options expiry. Investors also appear to be disinterested in Ether's recent underperformance versus Bitcoin (BTC) and to date, the altcoin's gains stand at 265%. If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will become worthless. Ethereum smart contract competitors continue to pressure the leading network and at the time of writing, Ethereum's average …
Markets / Oct. 14, 2021
What else is moving as Bitcoin price inches toward a new ATH?
Bitcoin (BTC) is hot and clearly in the hands of bulls. Yes, eventually an exchange-traded fund (ETF) is coming and after that a $100,000, no $120,000, scratch that, $150,000 BTC price will be on the board. Blah, blah, blah. Anyone logging onto crypto Twitter is going to be bombarded with all this bullish drivel straight from the jump and that's great, we’re all happy Bitcoin is doing well. I've been a holder since early 2016 so of course, I’m happy. But, isn’t there more to crypto than just Bitcoin? Aren’t there other assets that are moving? Wouldn’t it be nice …
Bitcoin / Oct. 14, 2021
What will happen if a Bitcoin ETF is approved? Find out on ‘The Market Report’ with Mati Greenspan
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown: $820 million worth of Bitcoin (BTC) options are set to expire on Friday. The bulls are ready to celebrate as they target prices above $58,000. Billionaires are backing Bitcoin over gold as governments in the West print more and more money. What does this mean for the crypto market? Could we soon be able to pay using crypto at a variety of stores and …
Bitcoin / Oct. 14, 2021