Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins. That’s according to the results of a Q2 retail investment survey conducted by crypto firm Voyager Digital, which polled 3,671 high-frequency traders on the Voyager platform. The survey’s findings revealed that 81% of respondents are more confident in the future of cryptocurrency, even after the violent price crash in April and May, which saw Bitcoin and others lose more than 50% of their value. Many …

Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building a balanced portfolio. Typical allocations include representation of stocks, government and corporate bonds, commodities and real estate. Now that the cryptocurrency market has grown to a multitrillion-dollar ecosystem with numerous emerging assets, clear sectors are beginning to emerge. Savvy crypto investors looking to apply portfolio …

Oracle solutions provider Chainlink Labs has joined the governance council overseeing the Hedera network. In an announcement from Chainlink today, the project said it had become the 21st member of the Hedera Governing Council to help organizations utilize decentralized applications. Chainlink will now be the preferred oracle partner for the Hedera network and provide integration for tokenization on Hedera. “As enterprise adoption of distributed ledger technology continues to advance, decentralized oracle solutions become critical for every vertical — from DeFi and insurance, to gaming and NFTs, and more,” said David Post, managing director of business development and strategy at Chainlink. …

Non-profit decentralized finance alliance, GoodFi, has announced the addition of 22 DeFi industry leaders to its newly formed Board of Advisors including representatives from many of the sector’s top projects. It’s also launched a website to hook new users up with appropriate DeFi protocols. Announced May 13, the advisory board features Chainlink account executive, Michael Zacharski, SushiSwap core developer, Omakase, and Aave digital marketing manager, Isa Kivlighan. In total, 19 leading teams building in DeFi from across the globe are represented, including Ava Labs, Acala Network, and Maple Finance. The Board of Advisors is expected to pool knowledge and experience …

Uniswap’s native UNI token can greatly enhance its utility by becoming a pricing oracle for stablecoins, according to Ethereum co-founder Vitalik Buterin. In a proposal submitted to Uniswap’s governance platform, Buterin said that a successful decentralized finance, or DeFi, ecosystem relies on a “highly secure pricing oracle,” noting that algorithmic stablecoins, synthetic assets and collateralized loans all depend on oracles. The problem, however, is that Uniswap currently doesn’t provide an oracle for the price of ERC-20 tokens in the truest sense. “This is a problem,” Buterin explained, adding that “Algorithmic stablecoins need an oracle for the price of ETH/USD to …

The astronomical rally in Ether (ETH) is not showing any signs of slowing down. The bulls easily cleared the overhead hurdle at $4,000 today, which also pushed the biggest altcoin’s market dominance to over 19%. It is not only Ether that is witnessing sharp buying from traders. Litecoin (LTC) and Cardano (ADA) have also risen new all-time highs, suggesting a broad-based altcoin rally. However, Bitcoin (BTC) seems to have lost its momentum as it continues to struggle near the $60,000 mark. That has pulled its market dominance to below 44% for the first time since July 2018. However, the recent …

Over the past week, several traders bought Dogecoin (DOGE) leading up to Elon Musk’s Saturday Night Live appearance as they expected a pump. However, the mention of Dogecoin during the monologue by Musk did not produce the rally traders were looking for and professional traders may have dumped their positions on novice traders who were expecting a breakout. Dogecoin dumped to an intraday low at $0.41 today, losing over 34% from the previous day’s close. Since then, the meme coin has been trying to stage a recovery and has risen to $0.54. The sharp fall in Dogecoin price shows that …

A DeFi platform says its decentralized approach to leveraged trading offers crucial advantages over centralized rivals. Gains.farm says it offers real-time prices and lightning-fast transactions — and boasts a network of five Chainlink nodes that delivers up-to-date information from seven trusted data sources, with results that are aggregated by taking the median two times. This approach has delivered users an all-important upper hand during the recent bout of volatility that shook the crypto markets, which saw the values of Bitcoin and Ether fall dramatically within a few hours. Gains.farm claims its platform was one of the few protocols that delivered …

Bitcoin’s (BTC) recent downturn temporarily pulled its dominance rate down to 49.5% which is the lowest level since August 2018. This has led a growing number of traders to predict that altcoins will outperform Bitcoin in the short term. Over the past few months, the price action from altcoins seems to be disengaging from Bitcoin. Take for example, Ether (ETH), which hit a new all-time high today even as Bitcoin price is down 20% from its all-time high. The major factor that could have tilted the scale in favor of altcoins is the massive rise in the popularity of the …

A smart contract platform aimed at the decentralized finance market seeks to make it easy to transfer decentralized applications from clogged, expensive Ethereum to Polkadot. The open-source project’s goal is to create easy-to-use blockchain infrastructure that will improve the interoperability of cross-chain assets, attracting developers of DeFi projects. Clover Finance wants to build a one-stop infrastructure platform that will make it simpler and less expensive for developers of DeFi projects to migrate their DApps onto Polkadot, a potential Ethereum killer that achieves scalability by running many blockchains in parallel, each with its own design and each serving a specific purpose …

Dogecoin’s (DOGE) massive rally to $0.45 propelled it to a market capitalization of over $54 billion to make it the fifth most valuable cryptocurrency by market cap. This lofty market cap comes as a surprise to many since the project has no active developers and is only a meme coin, thus the current rally brings back memories of the excesses seen during the ICO boom in 2017. Rallies like the one seen in Dogecoin indicate that several traders have entered the fray and are looking to get rich overnight. The only positive sign is that the mania has not spread …

Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band. Lu announced Thursday that Band’s Standard Dataset is now live on Google BigQuery, an enterprise data warehouse powering ultra-fast SQL queries. Lu described the partnership as “one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and cloud applications to be built which use decentralized oracles.” He continued: "Our teams are empowering researchers and developers to use decentralized oracles for any …