Altcoin news-Page 162
Dogecoin loses 70% against Bitcoin during 6 months of celebrity DOGE endorsements
Dogecoin (DOGE) may have landed major proponent Mark Cuban in hot water as it hits its lowest against Bitcoin (BTC) in over half a year. "Now price it in bananas" Data from Cointelegraph Markets Pro and TradingView showed DOGE/BTC trailing at 412 satoshis (0.00000412 BTC) on Oct. 14 — down from highs of 1,284 satoshis (0.00001284 BTC) in April. As Bitcoin outpaces altcoins en masse this month, the pain has been especially intense for Dogecoin investors after months of public campaigning by both Cuban and others, including the world's richest man, Elon Musk. Nothing has been able to reverse the …
Bitcoin / Oct. 14, 2021
Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal
Polkadot (DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41–$43 range decisively. That’s according to a classic bullish reversal setup known as an inverse head and shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation. Specifically, the pattern contains an initial selloff, followed by a short-term price rally and another — deeper — selloff. That leads to one more small correction to the upside, followed by another selloff that bottoms out near/at the lowest level of the first selloff. …
Markets / Oct. 14, 2021
Bitcoin analyst ‘highly doubts’ return to $50K — Will the weekly close spark a correction?
Bitcoin (BTC) challenged brand-new support levels on Oct. 14 after overnight successes took the market past $58,000 Bitcoin “dips” to near $57,000 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it reversed toward $57,000 after hitting highs of $58,540 on Bitstamp. The moves mimicked the first time Bitcoin had attacked $58,000 in February — several attempts interspersed by consolidation, followed ultimately by a run to April’s all-time highs. Despite on-chain indicators showing that Bitcoin is a different beast in Q4, however, the mood was just as bullish this time around. “Bitcoin is most likely just continuing this grind …
Bitcoin / Oct. 14, 2021
Olympus DAO chases a new ATH after fresh bond offerings and partnerships
The rapidly evolving world of blockchain technology offers a wide range of approaches and tokenomic models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several variants over the past year is the 'rebase' model, which is designed in a way so that token balances can fluctuate over time depending on changes in the token price and the supply in circulation. Olympus (OHM) is a rebase project that has caught the attention of many in the crypto space over the past six months — in large part thanks to …
Markets / Oct. 13, 2021
Price analysis 10/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI
Bitcoin (BTC) has been sustaining above $54,000 for the past few days but that has not resulted in euphoria among investors. Google Trends data shows that Bitcoin search interest has not picked up in recent days and is nearing one-year lows. Some analysts believe that this is a sign that only stronger hands are accumulating. A recent report from CoinShares also showed that institutional investors pumped more than $226 million into Bitcoin products in the week ending Oct. 8. The analysis firm estimates that the total assets under the management of institutional crypto products have ballooned to $66.7 billion, just …
Bitcoin / Oct. 13, 2021
Crypto will generate more wealth than the internet, says Morgan Creek Capital CEO
By laying the foundations of the Internet of Value, cryptocurrency and blockchain will generate more wealth than Web 1.0 and Web 2.0, said Mark Yusko, CEO of Morgan Creek Capital, in an exclusive interview with Cointelegraph. “We haven't even gotten to the parabolic growth part of Web 3, which is going to create untold wealth,” stated Yusko. In his career as a hedge fund manager, Yusko profited from investing in early internet technologies. He embraced cryptocurrency in 2017 after realizing their potential to power the Internet of Value — a new iteration of the internet that will allow users to …
Technology / Oct. 13, 2021
Binance Coin eyes $560 next after BNB price 'Cup and Handle' breakout
The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560. Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at a length equal to the Cup's size. So it appears that BNB has undergone a price trajectory that looks like the Cup and Handle pattern. Furthermore, the …
Markets / Oct. 13, 2021
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
The price of Ether (ETH) is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue. Moreover, the increasing competition from smart contract networks like Solana (SOL) and Avalanche (AVAX) have been worrying investors: One big problem with the “ETH is ultra sound money” meme is that EIP-1559 only limits the supply of ETH …
Bitcoin / Oct. 12, 2021
Price analysis 10/11: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI
Bitcoin (BTC) resumed its rally on Oct. 11 and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is having only a temporary effect. The strong rally in Bitcoin in the past few days has boosted sentiment and analysts are back with their six-figure projections. Geoffrey Kendrick, head of emerging market currency research at Standard Chartered, anticipates Bitcoin to rally to $100,000 by early next year. David Gokhshtein, the founder of Gokhshtein Media and PAC Global, was even more bullish as he expects Bitcoin to reach $100,000 …
Bitcoin / Oct. 11, 2021
Shiba Inu rebounds 40% despite major selling by SHIB whales
Shiba Inu (SHIB) kickstarted its new weekly session in the green as it continued its bullish retracement move from last week’s low of $0.00002058. SHIB’s price logged an intraday high of $0.00002907 on Oct. 11, netting over 40% returns from its ongoing rebound trend. In doing so, the Dogecoin-inspired meme cryptocurrency eyed an extended runup toward its technical resistance level near $0.00002978, as shown in the chart below. Extended rally ahead? The Shiba Inu chart also shows traders’ intention to accumulate SHIB tokens when its price tests the 20-4H exponential moving average (20-4H EMA; the green wave) as support. For …
Markets / Oct. 11, 2021
Top 5 cryptocurrencies to watch this week: BTC, DOT, UNI, LINK, XMR
Bitcoin (BTC) has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% on Sep. 12 to about 45% on Oct. 11. This shows that the strong recovery in cryptocurrencies has been led primarily by Bitcoin. This sharp run-up in Bitcoin has pushed the Fear and Greed indicator into the Greed zone. Although this indicator suggests that markets may have run up quickly in a short time, it does not necessarily signal a confirmed short-term top. History suggests that traders who sold their Bitcoin positions on this metric alone could have …
Bitcoin / Oct. 10, 2021
XRP price eyes $1.50 next after bouncing 30% in just 10 days
XRP has a good chance of hitting $1.50 in the fourth quarter of 2021 after painting a bullish crossover between its 20-day and 50-day exponential moving averages (EMA). The so-called golden cross has appeared multiple times on XRP charts in history. Its last occurrence was on Aug. 10, which followed up with an 80% price rally later, with XRP topping out seasonally at $1.43 before pulling back to the downside. Similarly, a close of XRP’s 20-day EMA above 50-day EMA on Feb. 4, coincided with an approximately 400% price rally afterward. In doing so, XRP reached a year-to-date high of …
Sec / Oct. 10, 2021