Altcoins Continue to Hemorrhage Altcoins haven’t been doing all too well. As established by this outlet on a number of occasions, Bitcoin dominance, the statistic used to measure how much of the crypto market’s valuation is comprised of BTC, has recently hit a two-year high, reaching 68.8% on CoinMarketCap. What’s...
At long last, altcoins may be able to gain some ground against Bitcoin, which has been absolutely slamming practically every other crypto asset for a year now. Let’s take a closer look. Bitcoin Dominance Poised to Falter Ever since the start of this recent surge, Bitcoin dominance, the percent of...
Bitcoin has been caught in a bout of consolidation after incurring some significant upwards momentum late-last week, but it has failed to advance towards or past its nearest level of major resistance around $10,800. Now, analysts are noting that various major altcoins could be giving the markets insight into which...
Bitcoin (BTC) has been on an absolute tear over the past couple of hours. But altcoins, relatively speaking, have been suffering. As reported by this outlet, the leading cryptocurrency has been regaining its upward momentum once again, pushing past $10,400, which is some 12% higher than the $9,300 bottom seen last...
Bitcoin has been facing a long bout of sideways trading in the mid-$10,000 region ever since it bounced at its near-term support level of $10,000. Today, however, this sideways trading has proven to be highly beneficial for altcoins, as multiple cryptocurrencies have posted relatively large gains that have led some...
Summary: Bitcoin’s dominance tested 73% on January 3rd This level was last seen in September of 2019 and is a crucial resistance area If Bitcoin pushes above this level, altseason will be postponed Conversely, if Bitcoin corrects and fails to break the 73% dominance, alts might just thrive The King...
Altcoins are a dime a dozen in the cryptocurrency market. There exist thousands of different digital assets, all of which promise to offer society with a novel use case that its competitors cannot. It should thus come as no surprise that altcoins are subject to different price trends. Some move...
The aggregated crypto market has been incurring major volatility as of late, which has primarily been rooted in Bitcoin’s massive volatility. This bout of volatile trading has led many altcoins to face a significant amount of downwards pressure. One analyst is now noting that multiple major altcoins appeared to have...
Altcoins—At Least Ethereum, Anyway—Coming Into Their Own Altcoins have seen somewhat of a revival over the past week. Since hitting 71.2% last week, the percentage of the crypto market that consists of Bitcoin, defined as “Bitcoin Dominance”, has dropped off at a relatively quick pace. Right now, BTC’s dominance is...
ApeCoin’s recently token airdrop presented a rare opportunity for an anonymous trader to gain a hefty profit from minuscule transactions fees. The trader supposedly leveraged a fractionalized NFT platform with flash mint support to make over $800,000 while paying $642 in transaction fees. The ApeDAO launched its so-called ApeCoin ERC-2O...
Ethereum gas prices have soared as the ApeCoin token recorded staggering transaction and withdrawal volumes on popular decentralized exchange Uniswap. The governance token inspired by the highly-rated NFT collection Bored Apes Yacht Club has also experienced significant activity of crypto platforms like FTX. Due to massive surges in the trading...
Layer 1 blockchain Aptos' APT token reached an all time high price of $16.2 earlier today. The token has gained more than 370% since the beginning of the year.
