Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.
The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction.6782
$250 million in Ether options are set to expire on April 23, and derivatives data shows bulls still have a slight advantage.11232
Enso raises $5 million from top funds and YFI's price hits a new record high as the demand for DeFi yield rises.9924
Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit.13589
Dogecoin’s price explosion coincided with the movement of a lot of coins across the blockchain, as $12 billion moved in a single day.16020
A platform that enables gamers to mine cryptocurrencies using their PCs is expanding into South Korea and is adding new features for its hundreds of thousands of users.3891
A new Ether ASIC mining rig is on the way, but will it help ease Nvidia’s GPU problems?10456
Everyone’s favorite meme cryptocurrency has delivered 12,600% gains in a year and likely created a string of millionaires.28739
Celsius customers have been targeted with fraudulent SMS and email communications after a third-party email distribution server was compromised by hackers.8144
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong.8610
Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized.35180
Dogecoin and Maker stole the spotlight as the hype around COIN faded and Bitcoin consolidates near $63,500.22038
New partnerships and protocol upgrades back the strong rallies seen in Horizen, Hedget and Zcash over the past few months.15717
IOST rallied to a multiyear high after Binance announced a new staking program and the project airdropped tokens to Citadel One mobile wallet users.16032