Category Archives: Altcoin
Top 5 Weekly Altcoin Losers: SATS, Sei, ORDI, Bonk, TIA -25% – Crypto Times
In this weeks comprehensive crypto market analysis, we meticulously examine the performance of the top 5 altcoins that have experienced significant losses. Both the price of Bitcoin (BTC) and various altcoins dipped below crucial horizontal levels, signaling a broader market downturn.
The downturn in SATS, Sei (SEI), ORDI, Bonk (BONK), and Celestia (TIA) ranged from 28.55% to 32.51% over the last seven days, reflecting heightened market volatility. Now, lets delve into the nuanced details of each altcoins recent performance.
SATS (1000SATS)
SATS, currently valued at USD 0.000428, witnessed a significant 32.51% downturn in the past week, plunging from $0.0006244 to $0.00042. Additionally, the coin registered a 14.66% decline in the last 24 hours. The market cap for SATS stands at USD 899,775,553, with a circulating supply of 2,100,000,000,000 1000SATS.
Sei (SEI)
Priced at $0.585020, Sei experienced a substantial 29.18% decrease from $0.77 to $0.58 in the past week. The coin further saw a 7.07% decline in the last 24 hours. The market cap of SEI is USD 1,394,423,230, with a circulating supply of 2,425,000,000 SEI.
ORDI (ORDI)
ORDI, currently valued at USD 54.35, recorded a noteworthy 30.24% drop in the last 7 days, falling from $74.29 to $52.84. Over the last 24 hours, ORDI faced a 13.73% decline. The market cap stands at USD 1,141,397,501, with a circulating supply of 21,000,000 ORDI.
Bonk (BONK)
Priced at USD 0.000010, Bonk underwent a significant 28.55% decrease in the last 7 days, declining from $0.0000138 to $0.000009861. The coin also observed a 9.43% drop in the last 24 hours. Bonks market cap is USD 636,244,800, with a circulating supply of 63,333,513,043,628 BONK.
Celestia (TIA)
Currently valued at USD 14.38, Celestia experienced a 29.18% decrease in the past week, falling from $18.98 to $13.96. In the last 24 hours, TIA faced a 10.88% decline. The market cap for Celestia is USD 2,289,044,457, with a circulating supply of 159,235,309 TIA.
The notable declines in SATS, Sei (SEI), ORDI, Bonk (BONK), and Celestia (TIA) highlight the volatility in the crypto market this week.
In addition to the previously mentioned top 5 altcoins, a broader trend of losses is observed across various tokens this week. Altcoins like Arbitrum (ARB), Woo (WOO), Helium (HNT), and Near Protocol (NEAR) are among the 15 tokens facing losses exceeding 15%.
The crypto market exhibits widespread volatility, emphasizing the importance of careful monitoring and strategic decision-making for investors during this period.
Also Read: Siacoin (SC) Token Surges Over 30% in the Last 7 Days
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Top 5 Weekly Altcoin Losers: SATS, Sei, ORDI, Bonk, TIA -25% - Crypto Times
Analyst Says Altcoin Thats Rallied Over 270% in Three Months Still Looks Bullish, Updates Outlook on Chainlink – The Daily Hodl
A widely followed crypto analyst and trader is staying bullish on one altcoin thats been red hot for months.
The analyst pseudonymously known as Altcoin Sherpa tells his 205,800 followers on the social media platform X that Web3 project Internet Computer (ICP) still has more upside potential.
ICP: another coin that looks interesting to me setup-wise, bullish demand zone plus 200-day EMA (exponential moving average) on the four-hour that hasnt been tested in a while. I am considering longing this one.
Looking at his chart, the trader suggests ICP could bounce if it holds the 200-day EMA as support around the key level of $11.25.
ICP is trading for $11.14 at time of writing up more than 270% since its $2.99 close on October 19th.
Next up, the trader predicts that decentralized oracle provider Chainlink (LINK) will trade around its current price level in a consolidation phase before moving another leg up.
LINK is consolidating for the next move up, but I expect this to still just chill out for a while and continue to consolidate. Not expecting any big moves yet.
Chainlink is trading for $15.43 at time of writing, up more than 7% in the last 24 hours.
Generated Image: DALLE3
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Analyst Says Altcoin Thats Rallied Over 270% in Three Months Still Looks Bullish, Updates Outlook on Chainlink - The Daily Hodl
Top Altcoins To Watch Next Week: Chainlink (LINK), Astar (ASTR), And Binance Coin (BNB) Show Increased Buying Confidence – Coinpedia Fintech News
In the past week, Bitcoins price fell sharply from around $43K, approaching the $40K mark. This decline affected many altcoins, but emerging ones like Chainlink, ASTR, and BNB saw increased buying pressure as capital shifted from Bitcoin to these markets. Consequently, theres a growing demand for LINK, BNB, and ASTR, which could lead to their prices rising further in the upcoming week.
The market sentiment has turned bearish in the last week, influenced by significant sell-offs from large investors, which also affected the altcoin market. The altcoin dominance notably decreased from a high of 12.9% to 12.4%.
However, the crypto fear/greed index shifted from an extreme greed level of 76 to a more neutral 52, indicating a stabilization of the previously overheated market. This is a bullish sign for the market as this could bring a renewed buying interest. This change, along with Bitcoins reduced dominance, may provide an opportunity for altcoins to perform better in the upcoming week.
Bulls are aiming to increase their domination as they push LINK price toward the immediate Fib channel. However, efforts by bulls to initiate a surge for Chainlink face rejection as sellers are active above $16.5. As of writing, Chainlink price trades at $16, surging over 3.5% from yesterdays rate.
The surging 20-day Exponential Moving Average (EMA) at $15.5 and the Relative Strength Index (RSI) above the midline at 56 level hint that the market is more likely to move upward. If buyers aim to halt the ongoing correction, they need to push the LINK price above the $17.5 level. Doing so would negate any current bearish trend and could initiate a bullish rally towards $20, and possibly extend it further.
However, a drop below the moving averages will create intense selling activity. As a result, LINK price could drop further and consolidate within a bearish region of $13.
Astar price has been on an upward trajectory recently after gaining buying pressure near each resistance level for several days. However, a slight negativity is that the bears have successfully kept the price below the $0.18 level. As of writing, ASTR price trades at $0.175, increasing over 5.5% from yesterdays rate.
Should the buyers manage to push the price above the ascending channels resistance line, the ASTR price might surge to the $0.2 mark. A decisive break and close above this could signal the end of any bearish rally, potentially leading to further rises.
On the flip side, if the price declines from the 20-day EMA, it would indicate that the bears are still actively selling during price rallies. This could enhance the chances of the price dropping to the channels support line.
BNB price is consolidating around the 20-day Exponential Moving Average (EMA) of $315, but the bears couldnt keep the price lower than the 0.023 Fibonacci retracement level. Hence, buyers are attempting to send the price above the resistance line. Currently, BNB price trades at $313, surging over 0.13% from yesterdays rate.
If buyers manage to maintain the price above $320, the BNB price might test the resistance at $336. However, a rejection at $320 might plunge the price next week.
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Top Altcoins To Watch Next Week: Chainlink (LINK), Astar (ASTR), And Binance Coin (BNB) Show Increased Buying Confidence - Coinpedia Fintech News
Crypto Analyst Predicts Altcoin Boom While Bitcoin Dips: Good Time to Buy? – Coinpedia Fintech News
Bitcoin stands at a crucial crossroads, teetering on the verge of a potential downturn. Recent market shifts have witnessed the premier digital currency following a downward trajectory, sliding from its January 11th peak of $49,000 to below $41,000.
This has piqued the interest of analysts and investors, with respected crypto expert Michal van de Poppe providing insightful perspectives to help us understand the scenario. Read on!
Crypto analyst Michal van de Poppe draws attention to the TOTAL charta comprehensive measure of the collective market capitalization of all crypto assets. His analysis points to an imminent rally, propelling the market cap towards a remarkable $2.1 trilliona potential surge of nearly 33%.
This prediction places altcoins in the spotlight, positioned to take the lead while Bitcoin undergoes a consolidation phase.
Also Read: Are Bitcoin Bears Hinting at Massive Drop to $30k Levels?
While Bitcoin takes a breather, van de Poppes examination of the Bitcoin dominance (BTC.D) chart provides a roadmap for the impending market shift. Reflecting patterns observed in 2016 and 2020, coinciding with Bitcoin halving events, the chart hints at a historical cycle repeating itself.
Van de Poppe envisions a scenario where altcoins step into prominence, outperforming in the wake of Bitcoins consolidation phase.
Amidst market uncertainties, van de Poppe contemplates whether Bitcoin has reached its lowest point, speculating on potential further declines before a rebound. Expressing personal interest in accumulating more Bitcoin, he identifies the $36,000 to $40,000 range as a strategic zone for strengthening positions.
As Bitcoin temporarily eases into its consolidation phase, attention shifts to the broader market stage. Here, altcoins emerge as key players, gearing up for potential surges and noteworthy actions.
As of now, Bitcoin is trading at $40,803, experiencing daily losses of less than 1.91% and a weekly decline of over 3.4%.
This Might Interest You: Shocking! Analyst Reveals How Much Bitcoin USA Giants are Holding
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Crypto Analyst Predicts Altcoin Boom While Bitcoin Dips: Good Time to Buy? - Coinpedia Fintech News
Justin Sun withdraws $60 million in Ethereum, AAVE, SHIB, LINK among other assets from Binance – FXStreet
Justin Sun, founder of Tron and advisor to HTX exchange withdrew a large volume of assets from Binance. Suns withdrawal from one of the largest crypto exchange platforms has likely fueled anticipation among crypto market participants.
Also read: Coinbase is 70% likely to win motion to dismiss SEC lawsuit, says Bloomberg analyst
According to data from Lookonchain, an on-chain intelligence provider, Justin Sun has withdrawn $60 million in cryptocurrencies from Binance. The withdrawal includes 17,433 Ethereum (ETH), worth $43 million, 68,999 AAVE worth $6.7 million, 656.4 billion Shiba Inu (SHIB) worth $6.3 million, 61,249 Chainlink (LINK) worth $957,000, 27.16 billion FLOKI worth $885,000, 1.7 million Decentraland (MANA) worth $826,000 and 100,100 BAND worth $168,000.
The large volume withdrawal comes at a time when the altcoin season ends in the ongoing cycle, Bitcoin and Ethereum prices have declined in the past week. The Alt season index reads 73 as of January 21.
Altcoin Season Index. Source: Blockchaincenter.net
At the time of writing, Bitcoin and Ethereum yielded 2.66% and 4% losses for holders respectively.
Typically, accumulation of altcoins by large wallet holders like Justin Sun could reduce the selling pressure on the assets and pave the way for prices to recover or rally in the short-term. Previously, Justin Sun has withdrawn SHIB from Binance in large volumes. The impact of the large volume withdrawals on altcoin prices remains to be seen.
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Justin Sun withdraws $60 million in Ethereum, AAVE, SHIB, LINK among other assets from Binance - FXStreet
What Is The Best Altcoin To Buy Now? A Close Look At The Best Altcoins Before The Crypto Bull Run in 2024 (ApeMax … – Analytics Insight
In a market with many hoping for a bullish trajectory in the upcoming year, theres a growing interest in alternative options to Bitcoin and Ethereum. While these established giants may continue to shape the market, many crypto hunters are seeking more affordable and novel coins to diversify their portfolio.
Delving deeper into recent market trends and analysis, weve curated a list of noteworthy altcoins, exploring their innovative features and current standing from emerging contenders like ApeMax, introducing the revolutionary Boost-to-Earn staking model to projects like Sei and Celestia, addressing scalability concerns within the blockchain space.
Join us on a journey as we unveil the trending altcoins reshaping the blockchain landscape, offering insights into the standout innovations that could impact the market in 2024.
ApeMax (APEMAX): Launched in May 2023, ApeMax is a meme coin with unique utility features, accessible staking, and a community of over 10,000 holders.
Sei (SEI): The native token for the Sei blockchain, essential for gas fees, governance, and network resilience through staking.
Skale (SKALE): Addresses Ethereums scalability with parallel side chains for faster, cheaper transactions and modularity.
Manta Network (MANTA): Tackles Web3 scalability and privacy through interconnected blockchains on Ethereum and Polkadot.
Pyth Network (PYTH): Bridges traditional markets and blockchains, delivering real-time financial data to dApps with a unique first-party data sourcing model.
Launched in May 2023, ApeMax has gained traction as a meme coin with unique utility features. It boasts a unique Boost-to-Earn staking protocol allowing users to earn rewards, immediate token access for presale buyers, intriguing tokenomics for a fun staking experience, and a growing community of over 10,000 holders who have staked over 4.2 billion coins. ApeMax also challenges the norm in presales by eliminating lock-in periods and high minimums, allowing its users to have access to their tokens immediately after they join the presale. These features let the users in its platform utilize their tokens from the get-go. This combination of meme-appeal and utility has made ApeMax a noteworthy altcoin in the crypto space.
SEI is the native token powering the Sei blockchain network, specifically crafted to empower developers with a robust foundation for constructing efficient and secure decentralized exchanges. These versatile SEI tokens play a role in covering network gas fees, engaging in governance processes, and can be staked to enhance the overall network resilience.
SKALE tackles Ethereums scalability by offering parallel side chains for faster, cheaper transactions. Secured by Ethereums PoS, its modularity and zero gas fees make it ideal for building high-performance dApps.
4. Manta Network (MANTA)
Manta Network tackles Web3 scalability and privacy through two interconnected blockchains: a low-fee scaling solution on Ethereum and a privacy-focused identity chain on Polkadot. MANTA, with features like zero-knowledge proofs and non-intrusive compliance, allows developers to build high-performance dApps with enhanced user privacy
5. Pyth Network (PYTH)
Pyth Network bridges traditional markets and blockchains by delivering financial data to decentralized applications (dApps) in real time. Pyths first-party data sourcing model stands out, involving direct contributions from major market players like trading firms and exchanges.
Identifying the start of a bull run in any market, including crypto, is notoriously difficult because of market volatility and external factors. However, certain general observations may possibly suggest a shift towards price increases:
Since its launch in 2023, ApeMax has carved its niche within the meme coin realm. While its playful branding and astronaut mascot might suggest lighthearted fun, ApeMax has surprised many with its utility features, not seen in many meme coins. Here are some of its best features:
ApeMax has attracted a strong community of over 10,000 holders, with 9.4 billion tokens sold. The ongoing presale for ApeMax continues to attract interest.
Despite the recent market dip, the crypto markets energy has sparked speculation about the onset of an altcoin season. With many novel emerging altcoins innovating with new features and technologies, like ApeMax and Sei, many crypto fans are optimistic about the future of crypto.
However, the crypto market is volatile and as such, exercising caution and acknowledging the associated risks is crucial before engaging with any coin. It is important to always conduct independent research.
Its worth noting that ApeMax coins are unavailable in certain countries, including the US and Canada.
For those interested in acquiring ApeMax tokens, please refer to the official ApeMax website for a list of non-eligible countries to ensure compliance with restrictions.
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What Is The Best Altcoin To Buy Now? A Close Look At The Best Altcoins Before The Crypto Bull Run in 2024 (ApeMax ... - Analytics Insight
Title: Retik Finance: A Promising Altcoin Amidst Cryptocurrency Downturn – Geeks World Wide
The article discusses the recent downturn of two prominent cryptocurrencies, Bonk (BONK) and Shiba Inu (SHIB), and the emergence of a promising altcoin called Retik Finance. Bonk, once a favorite among investors, has experienced a significant decline in value, leading to profit-taking and a reassessment of investment strategies. Shiba Inu, on the other hand, is experiencing substantial transactional activity, with large amounts of SHIB tokens being deposited onto major exchanges. In this volatile market, Retik Finance stands out as a potential haven for investors looking for explosive growth opportunities.
The world of cryptocurrencies has witnessed significant changes recently, particularly with the decline in the values of Bonk (BONK) and Shiba Inu (SHIB) tokens. This has prompted investors to seek alternative investment options, leading to the emergence of Retik Finance. Priced attractively at $0.08, Retik Finance is becoming a focal point for those looking for substantial growth opportunities in the cryptocurrency market.
The article highlights the recent decline of Bonk, which was once a popular token among investors. Plummeting over 70% from its peak in December 2023, Bonks fall has led to profit-taking and a reevaluation of investment strategies. Similarly, Shiba Inu is experiencing significant transactional activity, with large amounts of SHIB tokens being deposited onto major exchanges. However, the price chart suggests a period of indecision among traders.
Amidst these market dynamics, Retik Finance has emerged as a potential haven for investors. The altcoin distinguishes itself by bridging the gap between the fiat and crypto worlds, leveraging its expertise in fiat currency payment processing and blockchain technology. With a presale stage 6 currently ongoing and certification from CertiK, Retik Finance has garnered attention and credibility in the market.
Retik Finance has showcased an impressive performance during the presale stages, accumulating over $11.8 million. Experts and analysts predict significant growth for Retik Finance in 2024, projecting a potential growth rate of 5000%. This makes it an attractive prospect for investors seeking high returns.
With the decline of Bonk and Shiba Inu tokens, investors are turning their attention to Retik Finance, a promising altcoin offering explosive growth potential. With its unique approach to bridging the gap between fiat and crypto, impressive presale performance, and CertiK certification, Retik Finance stands out as a solution for the challenges faced by traditional and crypto financial systems. As the cryptocurrency market continues to evolve, Retik Finance provides an innovative solution for investors seeking financial growth and stability in this unpredictable landscape.
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Title: Retik Finance: A Promising Altcoin Amidst Cryptocurrency Downturn - Geeks World Wide
Analyst projects Ethereum potentially to $2k amid market consolidation – crypto.news
FxPro senior analyst Alex Kuptsikevicha projects Ethereums price could further dip towards $2,000, as the altcoin is down by over 8% weekly.
The crypto market is experiencing a period of subdued volatility, with the total market capitalization hovering around $1.6 trillion for the third consecutive day. Simultaneously, equity indices in the stock market have also significantly declined in the past 24 hours.
However, the impact on cryptocurrency investors has been minimal. Kuptsikevich thinks that the fall in stock values is seen more as a result of individual corporate stories rather than an indication of a global shift in market sentiment.
Bitcoin is benefiting from this consolidation phase, with its market share exceeding 50% once again. On the other hand, Ethereum has found itself at the lower end of the consolidation range, which it has been in for most of December. Kuptsikevich predicts that Ethereum is showing signs of possibly dropping to the $2,100 area, a level that marked the upper end of its November consolidation phase.
Kuptsikevich suggests that a further decline towards the $2,000 mark is possible, citing the cryptocurrency markets inherent volatility. This potential dip could mirror a similar retracement in Bitcoin to the $37,500 level.
The SEC has also delayed its decision on BlackRocks application for a spot Ethereum ETF until March 10. While some experts remain optimistic about the ETFs approval by May, with a probability of 50-to-70%, others are wary of regulatory resistance.
The introduction of spot Bitcoin ETFs in the U.S. has broadened the appeal of cryptocurrencies to a wider audience. According to the head of institutional at Coinbase, this marks a potential shift towards mainstream adoption of digital currencies.
However, the influx of new capital into new cryptocurrencies is expected to be a gradual process, unfolding over months or even years.
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Analyst projects Ethereum potentially to $2k amid market consolidation - crypto.news
Analyst Predicts Mind-Blowing Parabolic Leg for Solana, Names One Altcoin That Could Outperform Other Coins – The Daily Hodl
A crypto strategist who nailed the Bitcoins (BTC) price floor during the 2018 bear market thinks Solana (SOL) is gearing up for a steep move to the upside.
Pseudonymous analyst Bluntz tells his 234,400 followers on the social media platform X that Solana appears to be forming a bullish reversal pattern on the one-hour chart.
According to the analyst, he expects SOL to consolidate for a bit before launching a parabolic rally.
Beautiful rounded bottom forming on SOL.
Would not be surprised to see some high timeframe sideways on this before the next mind-blowing parabola leg.
With Solana now trading well above the patterns support, Bluntz predicts an imminent rally for the fifth-largest altcoin by market cap.
Nice move from the lows so far on SOL.
New highs soon.
At time of writing, SOL is trading for $107.40.
Next up, the trader is looking at the new layer-1 blockchain Sei (SEI). According to Bluntz, SEI is shaping up to be one of this cycles fastest horses after launching a nearly 400% rally in just a few months.
SEI is quickly turning into this cycles outperformer.
Should definitely be on everyones radar for pullbacks in 2024, in my opinion.
At time of writing, SEI is worth $0.711, up about 200% since the start of December.
Another altcoin on the traders radar is Lido DAO (LDO), crypto project that aims to allow users to stake Ethereum (ETH) without locking assets or maintaining infrastructure.
According to the analyst, LDO looks primed for a breakout on its US dollar pair while flashing a bullish reversal signal on its Bitcoin pair (LDO/BTC).
I have a love/hate relationship with LDO but I think its finally going for the price discovery breakout. Theres also weekly bullish divergence on the BTC pair.
At time of writing, LDO is worth $2.87.
Generated Image: Midjourney
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Analyst Predicts Mind-Blowing Parabolic Leg for Solana, Names One Altcoin That Could Outperform Other Coins - The Daily Hodl
Ethereum-Based Altcoin Explodes As Vitalik Buterin Says Project Is Super Important – The Daily Hodl
An Ethereum (ETH)-based altcoin is exploding in value after ETH founder Vitalik Buterin said the project is vital to the crypto ecosystem.
Buterin tells his five million followers on the social media platform X that all layer-2 (L2) projects should integrate with Ethereum Name Service (ENS), a platform that lets users buy a domain name on the Ethereum blockchain rather than using default addresses.
The domain names on ENS can be used to transfer and receive funds instead of using alphanumeric wallet addresses.
Says Buterin,
All L2s should be working on (trustless, merkle-proof-based) CCIP resolvers, so that we can have ENS subdomains registerable, updateable and readable directly on L2s. ENS is super-important, it needs to be affordable!
According to data from blockchain data platform Dune Analytics, there are about 2.14 million active ENS names and more than 801,000 unique participants.
Layer-2s, such as Optimism (OP) or Arbitrum (ARB), are built on top of Ethereum to improve scalability and costs.
CCIP, or cross-chain interoperability protocol, is a protocol that allows for the resolution of information on or off-chain from the Ethereum Virtual Machine (EVM).
In the past 24 hours, ENS was trading at a low of $8.88. After Buterins social media post, ENS soared to $14.20, a nearly 60% gain. ENS has since given up some of those gains and is trading for $12.82 at time of writing.
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Ethereum-Based Altcoin Explodes As Vitalik Buterin Says Project Is Super Important - The Daily Hodl