Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000.
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.
The recent weakness in the dollar is giving Bitcoin some momentum to possibly test multi-year highs.15664
Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market?8852
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.17069
Reddit users have discovered they can farm memes for ERC-20 tokens and earn returns comparable to minimum wages in Sub-Saharan Africa3490
More than 3 years after its ICO, Filecoin listed on major exchanges and rallied 118% but it’s too early to forecast an altseason.9212
With DeFi scams multiplying by the day, industry stakeholders urge investors to prioritize due diligence before investing in any project.9248
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.16978
YFI price is still in a downtrend and many investors believe all attempts at recovery are being suppressed by Alameda Research.13703
Could the DeFi market be a bubble as both market capitalization and indices crash?7602
Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack.10113
On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze.19964
Yearn.finance (YFI) price surged by 58% in the last few days as three key factors suggest investors expect further upside.12293
DeFi tokens have been around for a few months now — long enough to plot some recurring trends that show some clear patterns.17144
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.19763