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Cryptocurrency: Top 3 Coins To Watch This Weekend – Watcher Guru

The cryptocurrency market seems to be on the verge of another bull run. After hitting 2-year highs, the market faced a steep correction after inflation in the US increased to 3.2%. Traders were worried that the Federal Reserve may push back its plans for rate cuts in 2024. However, the Fed is on target to bring in three rate cuts by the end of this year. The decision may have boosted investor confidence, leading to another surge in the market.

With that said, lets look at three assets to watch this weekend.

Bitcoin (BTC):

Bitcoin (BTC) is the market leader and may dictate the movements of most other cryptocurrencies in the foreseeable future. With BTCs halving just around the corner, we may witness a sudden surge in the assets price over the next few weeks. Some analysts have even projected a target of over $100,000 after the upcoming halving.

Also Read: Cryptocurrency: Top 3 Coins That Could Grow 10X in 2024

BTC is currently down by 9.9% from its all-time high of $73.7k, which it attained on Mar. 14, 2024. If BTC reclaims its all-time high, other assets may display similar moves.

Toncoin (TON):

TON is one of the few assets that is green across the board. The token is up by 13.3% in the weekly charts, 56.8% in the 14-day charts, and more than 97% over the previous month.

Also Read: Cryptocurrency: Top 3 Coins To Watch For March-End 2024

According to CoinCodex, TON may continue surging over the next few days. The platform anticipates the cryptocurrency to hit $5 by Mar. 25, 2024.

Dogecoin (DOGE):

Dogecoin (DOGE) has rallied 7% in the last 24 hours and nearly 90% over the previous month. However, the asset has faced a slight correction in the weekly charts. DOGEs latest rally could be due to two developments. Firstly, it could be due to BTCs run to a new all-time high, and secondly, it could be due to Elon Musk announcing that Tesla will soon accept DOGE for its vehicles.

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Chinas cryptocurrency investors made gains of US$1 billion in 2023 – South China Morning Post

Hong Kong cryptocurrency investors realised gains of US$250 million last year, according to Chainalysis. In 2021, they made US$1.3 billion.

Overall, cryptocurrency investors around the world recorded total gains of US$37.6 billion in 2023, down from the US$159.7 billion during the 2021 bull market, according to Chainalysis.

Still, last years gains represent a significant recovery from 2022, which saw losses reach US$127.1 billion.

In both 2021 and 2023, US cryptocurrency investors realised the biggest gains in the industry, according to Chainalysis, when they made US$47 billion and US$9 billion, respectively.

The gains pulled off last year by mainland investors showed how the nations community of cryptocurrency enthusiasts has continued to thrive, despite Beijings rigid stance against all activities related to the virtual asset.

Chinas back-door cryptocurrency traders look more important than ever to Binances future

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If these trends continue, we may see gains more in line with those we saw in 2021, Chainalysis said. As of March 13, bitcoin is up 65.4 per cent and ether is up 70.2 per cent.

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Chinas cryptocurrency investors made gains of US$1 billion in 2023 - South China Morning Post

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Cryptocurrency prices: Check today’s rates of Bitcoin, Ethereum, Solana, BNB – NewsBytes

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What's the story

Bitcoin has lost 3.30% in the last 24 hours and is now trading at $63,849.63. It is down 7.13% from last week. Ethereum, the second most popular token, is down 5.29% from yesterday and is currently trading at $3,318.82. It is down 10.54% compared to last week. The market capitalization of Bitcoin and Ethereum now stands at $1.2 trillion and $399.52 billion, respectively.

BNB is trading at $550.09, a 4.08% decrease from yesterday and 10.80% lower than last week. XRP's price is $0.66 today, falling 3.77% in the last 24 hours. Compared to last week, it is 3.76% down. Cardano and Dogecoin are trading at $0.66 (down 2.27%) and $0.11 (up 2.73%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $171.76 (down 3.66%), $8.97 (down 3.08%), $0.000022 (down 1.27%), and $0.99 (down 3.45%), respectively. Based on the weekly chart, Solana is down 7.84% while Polka Dot has fallen 14.3%. Shiba Inu has lost 5.6% of its value in the last seven days whereas Polygon has declined 13.79%.

Looking at the 24-hour movement, the top five gainers are Toncoin, Conflux, FLOKI, Bitcoin Cash, and Dogecoin. They are trading at $4.65 (up 9.25%), $0.44 (up 3.13%), $0.00022 (up 2.93%), $426.07 (up 2.76%), and $0.11 (up 2.70%), respectively.

A stablecoin is a cryptocurrency that has very little volatility. Its value is linked to a real-world asset such as fiat currency or gold. Among the popular tokens, Tether, USD Coin, and Binance USD are trading at $1 (up 0.02%), $1 (up 0.01%), and $1 (down 0.03%), respectively.

The biggest losers of the day are dogwifhat, Celestia, Kaspa, Pepe, and Filecoin. They are trading at $2.17 (down 8.51%), $13.39 (down 8.41%), $0.11 (down 7.71%), $0.0000077 (down 6.92%), and $8.54 (down 6.64%), respectively.

DeFi or decentralized finance is an umbrella term for global, peer-to-peer financial services on public blockchains. Avalanche, Chainlink, Uniswap, Internet Computer, and Dai are some of the popular DeFi tokens. They are currently trading at $52.86 (down 4.87%), $18.21 (down 1.01%), $11.77 (down 2.32%), $13.32 (up 0.42%), and $1 (up 0.01%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility, meaning they cannot be exchanged for one another like other tokens. Internet Computer, Stacks, Render, Immutable, and Theta Network are among the prominent NFT tokens. They are currently trading at $13.35 (up 0.68%), $3.44 (up 1.53%), $10.58 (down 3.78%), $2.81 (down 1.63%), and $2.77 (down 4.92%), respectively.

The current global crypto market cap is $2.43 trillion, a 2.53% increase over the last day. The total crypto market volume over the last 24 hours is $111.39 billion, which marks a 7.83% increase. Last month, the global crypto market cap was $1.96 trillion, compared to $1.68 trillion three months ago.

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Bitcoin price falls $63,000 but a ‘halving’ event could send it back up – Quartz

Illustration : Toya Sarno Jordan ( Reuters )

Bitcoin dropped over 7% on Tuesday, which may be its biggest single-day decline in two weeks. On Tuesday (Mar. 19) morning, the top cryptocurrency was trading at $63,000, down from a high of $73,000 earlier this month.

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The Bitcoin price dropped following a decline in spot ETFs yesterday. The net inflow of Grayscale has decreased significantly in the last few days, while the outflows have reached a record high of over $640 million.

The decline spread across the crypto market, with Ether the second largest cryptocurrency by market cap falling by over 8% from Monday to Tuesday to trade around $3,200. Ether competitor Solana, which gained popularity earlier this year among the blockchain community, fell over 13% in the same time period and is currently hovering at $180. Popular favorite Dogecoin also saw a double-digit decline, trading at $0.13.

Despite the fall, crypto experts are calling bitcoins drop a mere price correction, common in the volatile crypto market. The bullish sentiment for Bitcoin is prevalent, they say, waiting before a big surge.

The U.S. Securities and Exchange Commissions approval of spot bitcoin ETFs has bolstered the sentiment in the bitcoin and crypto market, which is expected to continue for some time. Plus, Bitcoins upcoming halving event, where the reward for mining its transactions is cut in half, is expected to push the top cryptocurrency to new heights.

Bitcoin is about to see a big halving event. Heres what that means, when it is, and why it matters

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Navigating New Frontiers: LSE Embraces Cryptocurrency with Bitcoin and Ethereum ETNs – Robotics and Automation News

By Hannah Parker

The London Stock Exchange (LSE) has decided to accept applications for the introduction of Bitcoin and Ethereum Exchange Traded Notes (ETNs), which is a ground-breaking move for the financial industry.

This action, which is slated to start in the second quarter of 2024, is consistent with the Financial Conduct Authoritys (FCA) revised position on cryptocurrencies.

A significant turning point towards the institutionalisation and adoption of digital assets in conventional financial markets is the introduction of crypto ETNs.

The LSEs move to integrate virtual currencies like Ethereum and Bitcoin into its platform highlights a significant change in the financial environment. This action indicates that mainstream markets are beginning to recognise and embrace cryptocurrency more widely.

For institutional investors looking for regulated exposure to the cryptocurrency industry, it offers new alternatives. By including digital assets, the LSE is meeting the increasing demand for cryptocurrency investing alternatives while also broadening its range of offers.

This move is indicative of a more significant trend in which established financial institutions are realising the benefits of digital currency and blockchain technology.

The LSE has set particular requirements for the acceptance of Ethereum and Bitcoin ETNs to provide a safe and open investment environment. These prerequisites state that ETNs must offer a transparent market price, be non-leveraged, and have physical support.

Furthermore, putting the underlying assets in cold storage to ensure their safety highlights the maximum level of security for prospective investors. The LSEs dedication to strict regulations is in line with the changing regulatory environment.

It shows a cautious attitude towards cryptocurrency assets. The goal of this framework is to safeguard investors and promote a thriving, well-regulated cryptocurrency market.

The dynamic nature of digital assets is highlighted by the FCAs amended position on cryptocurrencies, which permits Recognised Investment Exchanges to offer cryptoETNs for professional investors.

Despite acknowledging the possibility of regulated cryptocurrency investments, the FCA continues to take a cautious stance, especially about retail consumers. The FCAs dedication to safeguarding consumers is demonstrated by its ban on the selling of cryptocurrency ETNs and derivatives to retail clients.

It talks about the dangers that come with these assets inherent volatility and complexity. To preserve investor trust and market integrity, this regulatory viewpoint is essential.

The cryptocurrency community is ecstatic over the LSEs adoption of Bitcoin and Ethereum ETNs. This event is part of a larger pattern that indicates a growing appetite among institutions to invest in cryptocurrencies through regulated channels.

More and more institutional investors are looking for ways to diversify their holdings and get involved in the expanding cryptocurrency sector. The LSEs action is viewed as a step in the right direction towards establishing cryptocurrencies as a respectable asset class and drawing additional institutional money into the market.

The cooperation of financial institutions like the LSE and regulatory agencies like the FCA is essential as the bitcoin sector develops. This collaboration guarantees the creation of a solid, open platform for cryptocurrency investments.

According to Web3 Experts at Bitcoin Apex official, this move highlights the importance of the protection of all parties concerned and is given top priority. The FCAs commitment to working with international and governmental partners highlights the importance of cooperation in shaping the future of the financial sector.

Establishing a regulatory framework that strikes a balance between investor protection and innovation requires this kind of cooperation.

An important turning point for the cryptocurrency market will soon be reached with the LSEs introduction of Ethereum and Bitcoin ETNs. This action not only signals a rise in acceptance within the established financial markets but also establishes a favourable regulatory climate in the United Kingdom.

Wide-ranging effects are anticipated from the breakthrough, which will promote more investment and innovation in the expanding cryptocurrency business. It paves the way for other exchanges and financial institutions to follow suit. It represents a significant step towards the general acceptance of cryptocurrencies.

The revelation that the London Stock Exchange will now accept Ethereum ETNs and Bitcoin has sparked a positive and enthusiastic response from the cryptocurrency community. This ruling is regarded as a significant endorsement of digital assets and a move towards their incorporation into traditional finance.

The change is expected to bring more stability, better acceptance, and increased liquidity to the Bitcoin market, according to enthusiasts and investors.

Talks about how this incident might affect blockchain technology and digital currencies in the future are rife on social media platforms and forums. Many see this as a watershed moment that might inspire other established banking institutions to adopt cryptocurrency.

In the financial industry, the London Stock Exchanges move to include Ethereum and Bitcoin ETNs in its offerings is momentous. This action not only demonstrates the UKs changing legal environment but also the traditional markets increasing acceptance of digital assets.

The London Stock Exchange (LSE) is facilitating the wider acceptance and incorporation of digital assets by offering institutional investors a secure and regulated venue to interact with cryptocurrencies.

As the crypto industry continues to mature, the collaboration between regulatory bodies and financial institutions will be crucial in shaping a robust and transparent framework for crypto investments.

The LSEs initiative is a step in the right direction. It will set the standard for future advancements in the international financial ecosystem.

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What Is Bitcoin Halving and Why Is It Important? – Kiplinger’s Personal Finance

After months of bear signals, Bitcoin, along with the broader digital asset market, is once again on the rise. In mid-March, the cryptocurrency had more than tripled on a year-over-year basis to trade at an all-time high of $73,835.

But amidst the excitement, retail traders and institutions are eyeing an upcoming key event that can further impact the digital currency's value: The Bitcoin halving in April 2024.

The first and most widely recognized cryptocurrency, Bitcoin (BTC) has a unique feature coded into its protocol called "halving" an event where the reward for mining bitcoins is reduced by half.

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In the Bitcoin network, miners use a Proof-of-Work (PoW) system to validate transaction information. Miners compete to solve a block's cryptographic puzzle, which requires significant computational power.

After successfully solving a puzzle, miners will propose a new block of transactions to be added to the blockchain, or the decentralized, public ledger that records transactions. As a result of their computational effort to validate transactions, the miners get rewarded for their work.

When Bitcoin was first launched in 2009, miners were rewarded with 50 BTC for every mined block. Every time the network mines 210,000 blocks, which takes roughly four years, the halving cuts the block reward by 50%.

Since the system is designed to have a finite supply of 21 million BTC, the halving ensures the controlled release of new bitcoins until all are in circulation.

There are 32 halvings in total, with the last one predicted to happen around the year 2140.

The first Bitcoin halving occurred in 2012, reducing the block reward from 50 to 25 BTC. This was followed in 2016, then in 2020, cutting the reward down to 12.5 and then to 6.25 BTC. This leaves 29 more halvings, with the next one slated for April 2024.

It's difficult to pinpoint the exact date of the upcoming halving because it's dependent those 210,000 blocks being mined. However, it's projected to occur around April 2024, and this event will lower the reward to 3.125 BTC per block. Following the four-year interval, this will be succeeded by another halving in 2028, then another in 2032, and so on until the final bitcoin is mined.

By then, miners will earn only the fees for verifying transactions paid by network users. These incentives will motivate the miners to continue sustaining the network.

Historically, Bitcoin halvings have been associated with significant price increases in the cryptocurrency. The theory behind this is simple: As the supply of new bitcoins entering the market decreases, the demand for them could surpass the supply.

There are currently around 19.65 million bitcoins in circulation, leaving approximately 1.35 million left to be mined. With fewer bitcoins available, their value increases, making them more attractive to investors.

However, it's important to note that other factors also contribute to this price increase. For instance, halvings usually attract more press coverage. With increased public attention comes heightened speculation and market activity, which can drive up Bitcoin's value. Regulatory changes such as the recent approval of spot bitcoin ETFs, increases in use cases, and global economic conditions may also influence its price.

Besides Bitcoin's value, halvings may also affect miners. As block rewards decrease, miners may become less profitable, especially those with less efficient hardware or higher energy costs. Some may even be forced to shut down operations, leading to a temporary decline in the network hash rate.

But the Bitcoin network is also designed to counter these potential effects. The mining difficulty adjusts every 2,016 blocks (around every two weeks) to maintain a consistent block production rate of around 10 minutes per block. Even as miner participation fluctuates, this mechanism ensures that blocks are consistently mined, maintaining network stability and sustainability of the Bitcoin ecosystem.

While past performance suggests a connection between halvings and Bitcoin's price appreciation, there's no way of accurately predicting the outcomes of future halvings. Investors should always conduct thorough research and approach halving events cautiously, taking into account both the cryptocurrency's volatility and broader market conditions.

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What Is Bitcoin Halving and Why Is It Important? - Kiplinger's Personal Finance

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Time to prepare for the next altcoin season? – TradingView

Every dip in a bull market presents a prime opportunity to enhance your altcoin portfolio, according to seasoned crypto investors.Assuming the bullish trend will continue following the imminent Bitcoin BTCUSD halving, several altcoins may outperform the main cryptocurrency in the months to come.Cointelegraphs latest video delves into five altcoins poised to strengthen portfolios in 2024.

The selections were meticulously crafted to align with the crypto markets hottest trends, such as layer-2 scaling solutions for Ethereum, alternative layer-1s, artificial intelligence crypto tokens anddecentralized finance (DeFi). Each token underwent a thorough analysis, considering technical indicators, fundamentals and potential catalysts that could influence its price throughout the year.

For each altcoin, potential advantages and disadvantages are discussed, giving viewers a balanced take on each project.

Backed by the seasoned insights of crypto market experts including Scott Melker (also known as the Wolf Of All Streets), Cointelegraph market analyst Marcel Pechman, and veteran trader Eric Crown the video provides valuable guidance for constructing a robust altcoin portfolio.

For those eager to build a solid altcoin portfolio but unsure where to begin or keen not to miss the next altcoin season, be sure to watch the latest video on Cointelegraphs YouTube channel and dont forget to subscribe for more insightful content.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Altcoins to Buy Today Under $1 with 100% Potentials – CoinGape

Investors are constantly searching for the next major opportunity in the constantly growing cryptocurrency market. Bitcoin is attempting to bounce back following a drop to $61,000, which is significantly lower than its peak of $73,750.07. Despite previously setting a price target for Bitcoin at $90,000 in 2024, Bernstein has given the market hope. Ethereum price is experiencing a slow recovery and encountering obstacles at $3,550. With Bitcoins prevalence in the news, numerous smart investors are now focusing on altcoins to ride the wave of the next successful asset. This article will examine a selection of altcoins to buy under $1 that have demonstrated positive growth potential, specifically highlighting Book of MEME, ONDO, PEPE, FLOKI, Reserve Rights, 0x Protocol, Polymesh, and Shiba Inu.

Market Cap: $846.8 million

The new meme coin, Book of MEME is now priced at $0.01582, showing an impressive increase of 1583.97% in the last month. This increase led to a substantial increase in its market worth, which is presently valued at $846.8 million. Considerable investor interest has been drawn to the altcoin, as its impressive 24-hour trading volume reached $1.7 billion. The token is ranked 107th and has a circulating supply of $55.2 billion BOME.

Market Cap: $1 billion

Ondo has seen a significant surge of 117.22% in the last month, reaching a price of $0.723. The increase in worth has boosted its total market cap to $1 billion positioning it as 100th. It has a circulating supply of $1.39 billion ONDO, along with a trading volume of $333.2 million in the last 24 hours. ONDO is becoming more appealing to investors because of its affordable token price and its promising growth prospects.

Market Cap: $3.4 billion

In a month Pepe Coin price skyrocketed by 599.24% now standing at $0.000008131. This surge pushed its market capitalization to $3.42 billion with a trading volume of $966.1 billion in the past day. The sudden growth has made PEPE a favored option, for traders looking for opportunities despite the risks involved. It reports a circulating supply of 420.69 trillion PEPE and is ranked 41.

Market Cap: $2.26 billion

In the past month, FLOKI has achieved a remarkable increase of 605.32% while being valued at $0.0002364. This increase in worth has boosted its market value to $2.26 billion, positioning it as 56th in the market. It has a circulating supply of 9.56T FLOKI, along with a trading volume of $855.36 million in the past 24 hours. Investors are becoming more interested in FLOKI because of its affordable price and the possibility of high profits.

Market Cap: $430.27 million

Reserve Rights, which is currently trading at $0.008352, has shown an increase of 207.65% in the past month. This increase in worth has resulted in a total market cap of $430,274,274, along with a trading volume of $288.8 million in the past 24 hours. It holds the 184th position in the market and has a circulating supply of 100 billion RSR. The tokens remarkable expansion has established it as a lucrative investment choice in the cryptocurrency market.

Market Cap: $785.4 million

0x Protocols price has increased by 160.06% in the last month and is currently at $0.9268. As a result of this growth spurt, 0x Protocol now boasts a market cap of $785.4 million, with $579,200,041 in trading volume over just 24 hours. Ranking 116, the token has a circulating supply of 1 billion ZRX. What makes 0x Protocol particularly enticing for investors keen on decentralized finance (DeFi) is its strong emphasis on decentralized exchange infrastructure.

Market Cap: $349.760 million

Polymesh, which is currently valued at $0.3933, has experienced a notable increase of 126.83% in the past month. This increase resulted in a market capitalization of $349.760 million, accompanied by a 24-hour trading volume of $1 billion. The token has a circulating supply of 1 billion POLYX, holding the 231st position according to CoinMarketCap. Polymesh, a blockchain platform tailored for regulated assets, provides investors with the opportunity to shake up traditional financial markets.

Market Cap: $16.58 billion

The current price of Shiba Inu is $0.00002813, reflecting a remarkable increase of 192.55% during the last month. The increase has led to a market cap of $16.58 billion, paired with a trading volume of $1.34 billion in 24 hours. Holding the 11th position, the token has a circulating supply of 589.29 trillion SHIB. Due to its affordable token price and increasing market cap, SHIB offers an attractive chance for investors looking for sizable profits in the cryptocurrency industry.

In the vast landscape of cryptocurrency, there are plenty of opportunities for investors who put in the time to research and are open to taking calculated risks. Although these cryptocurrencies under $1 show exciting growth potential, it is necessary to conduct in-depth research and carefully consider any investment risks associated with them.

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What is Altcoin Season and When is it Coming? – Cryptonews

Last updated: March 22, 2024 11:12 EDT | 10 min read

The start of the year has seen cryptocurrency markets trending upwards, with both Bitcoin and altcoins providing profitable opportunities to investors. Despite Bitcoin hitting new highs, most new traders have been focused on altcoins to seek profits. As such, understanding the altcoin season concept has become increasingly important.

Altcoin season is the period within the market cycle when alternative cryptocurrencies, or altcoins, experience significant price surges and outperform Bitcoin in terms of value gained. This phenomenon often accompanies a surge in trading volume and overall market activity, driven by increased investor interest in exploring alternative investment opportunities beyond Bitcoin.

In this guide, we will break down the alt season, when it is expected to occur, and explore how to take advantage of it.

Altcoin season typically occurs when the prices of alternative cryptocurrencies soar significantly higher and outperform Bitcoin. Typically, a surge in market activity, trading volume, and overall bullish sentiment toward altcoins summarize the beginning of the altcoin season. It is important to note that altcoin season is not a fixed event and can vary in duration and intensity.

While altcoin season can offer investors lucrative profit opportunities, it does come with increased risks and market volatility. Should you hope to successfully navigate this cycle, you will need to fully understand the various dynamics of altcoin season, its triggers, and general indicators.

It is important to note that altcoin season and Bitcoin season represent two distinct phases in the cryptocurrency market cycle.

Firstly, Bitcoin season refers to periods when Bitcoins price experiences significant growth and dominance over altcoins. Bitcoin recently surged to a record high in March 2024 following the launch of several Bitcoin ETFs. The move saw Bitcoin almost double in value in just under two months, outperforming alternative cryptos in the process.

In contrast, altcoin season occurs when altcoins surpass Bitcoin in terms of price appreciation and market capitalization. While Bitcoin season is often associated with a more stable market environment, altcoin season is characterized by heightened volatility and trading activity.

Tokens like Solana and meme coins like Dogwifhat have seen substantial growth in recent months. However, the overall trading activity has been skewed toward Bitcoin as a result of the U.S. Securities and Exchange Commission approving several Exchange-Traded Funds products.

Previous altcoin seasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altcoin seasons include the bull runs of 2017-2018 and 2020-2021.

These historical precedents serve as valuable reference points for understanding the dynamics of altcoin seasons and their potential impact on the cryptocurrency market. Lets take a look at them in more detail.

This altcoin season was spurred by a huge drop in Bitcoin dominance, going from 86.3% in late 2017 and then falling to a low of 38.69% at the start of 2018. During that period, the price of Bitcoin went from a then-record high above $20,000 to trading under $6,000 a few months later.

The surge in altcoins outperforming Bitcoin came as the initial coin offering (ICO) market was in full swing in 2017-2018. Many blockchain projects launched ICOs to raise funds by issuing their own tokens. These include EOS, which raised over $4 billion, making it one of the most successful presales in history. Tezos was another strong-performing altcoin during this period after raising $232 million for its ICO.

The altcoin season of 2020-2021 came during the coronavirus pandemic and as retail traders and crypto degens looked for investment opportunities outside of Bitcoin. This resulted in the birth of modern meme coins, with Dogecoin and Shiba Inu recording historic levels of growth.

Non-fungible tokens (NFTs) were also boosting the altcoin markets, helping to increase sentiment around the wider crypto and blockchain market. During this time, Bitcoin dominance plunged from 70% to 38%, while the market value held by altcoin doubled from 30% to 62%.

After seeing examples of previous cycles, you may be asking, When is the next altcoin season. Entering into a new altcoin season is an exciting prospect for cryptocurrency investors, as it often brings with it the potential for significant price gains.

However, identifying the onset of an altcoin season requires a strong understanding of market cycles and trends. Lets explore some key signs that may signal the beginning of a new altcoin season.

One of the primary indicators that signal the start of an altcoin season is a noticeable increase in altcoin dominance within the overall cryptocurrency market. Altcoin dominance refers to the collective market capitalization of all cryptocurrencies, excluding Bitcoin, expressed as a percentage of the total cryptocurrency market cap.

According to CoinGecko, Bitcoins market dominance stands at 50.15% of the total market capitalization. When altcoin dominance begins to rise, it suggests that crypto investors are increasingly allocating capital to alternative cryptocurrencies, indicating a potential shift in market sentiment towards altcoins and the beginning of altcoin season.

Another significant sign of the start of altcoin season is a surge in trading volumes across various altcoins. Increased trading volumes indicate heightened crypto market activity and investor interest in altcoins, leading to greater liquidity and price volatility.

By monitoring trading volumes you can gain valuable insights on sentiment in the market and the strength of an emerging altcoin season. The Tether (USDT) stablecoin usually has the highest trading volume due to it being used as an exchange currency, followed by Bitcoin and then Ethereum.

Some cryptocurrency analytics platforms offer specialized indices designed to track and measure the performance of altcoins relative to Bitcoin.

An altcoin season index aggregates data from the top 50 altcoins and analyzes their price movements to determine whether an altcoin season is underway. Investors can use these indices as a tool to gauge the overall health and momentum of the altcoin market, helping them make informed investment decisions.

Typically, when the altcoin index is at a reading of 75% and above, it is a sign that an altcoin season has started. Currently, it is at 69%, according to the Blockchain Center.

Finally, significant price breakouts and upward momentum in the prices of various altcoins are clear indicators of the onset of an altcoin season. As investors flock to altcoins in search of potential opportunities, prices may experience sharp and sustained increases, breaking through key resistance levels and forming new highs.

Solana is a good example of this and has recently broken out of its $200 resistance level. However, it remains below a record high at $260. Monitoring price breakouts like this and identifying potential bullish trends can serve as early indicators of an impending altcoin season.

Although there have been strong performances from several altcoins like Solana, WIF, and PEPE it doesnt appear that it is altcoin season so far. Firstly, Bitcoin continues to outperform the market and currently has over 50% of the current capitalization. As of writing, trading volumes in Bitcoin also stood at $54,711,018,502 in the last 24 hours, which is 37% of the market.

In addition to this, the altcoin season index currently stands at 69%, meaning that under half of all altcoins are outperforming Bitcoin. This means 6% of the top 50 altcoins will need to surpass Bitcoin for it to truly be altcoin season.

While some indicators may suggest the beginning of an altcoin season, crypto market conditions can quickly change, making it essential to exercise caution and conduct thorough research before making investment decisions. After strong gains in recent weeks, markets have already consolidated as traders begin to secure gains.

It is hard to predict the timing of the next altcoin season due to the unpredictable nature of the cryptocurrency market. Factors such as regulatory developments and macroeconomic trends can influence the timing and duration of altcoin seasons. However, the next altcoin season seems closer than ever.

One key factor that could be the trigger to the next altcoin season will be interest rate cuts by the U.S. Federal Reserve. As seen during the last altcoin season in 2021, markets surged as a result of lower interest rates, meaning investors deployed capital away from banks and looked for higher-return investments.

The Fed expects to cut rates up to three times this year, which could help trigger the start of altcoin season. So, for those asking, Is it altcoin season? keep a close eye on crypto market trends and stay informed about industry developments.

As the next altcoin season approaches, it is important to know how you can capitalize on potentially profitable opportunities. Lets explore some of these points to consider below.

Firstly, research is key when navigating and participating in the market during an altcoin season. Take your time and thoroughly analyze the fundamental and technical aspects of potential investments to find the best altcoins to buy.

Once you do so, you will also need to diversify. Exploring different altcoins can help spread risk and maximize potential returns and ensures not all of your eggs are in one basket. By conducting thorough research and diversifying your portfolio, your overall chances of success will greatly increase.

Another important point is timing. Consider using technical analysis tools like support and resistance, and relative strength index (RSI) to identify optimal entry and exit points for trades.

These can be good altcoin season indicators and will help you monitor price trends and crypto market sentiment before deciding to buy. Experienced investors use such tools to make informed investment decisions, like when to take profits. Setting clear entry and exit strategies can be vital in minimizing losses and maximizing gains during periods of heightened volatility.

Participating in presale events for new altcoins can offer early access to promising projects at discounted prices. Research upcoming initial coin offerings (ICOs) and presale opportunities to identify innovative projects with strong growth potential.

Investing in presale altcoins allows you to secure positions in projects before they gain widespread attention, potentially leading to substantial returns as the project develops and matures. Dogecoin20, Green Bitcoin, Smog, and Sponge V2 are examples of the best presales in the market.

While altcoin seasons present lucrative opportunities, it can also carry inherent risks that you should be mindful of:

Altcoins are known for their extreme volatility, with prices often experiencing rapid and unpredictable fluctuations. This volatility can lead to significant gains but also exposes investors to the risk of substantial losses. Its essential to exercise caution and employ risk management strategies to mitigate the impact of market volatility. This is where diversification can come in handy.

Some projects may be pump and dump schemes or rug pulls, so it is important to know how to avoid these. This is where prices are inflated by coordinated buying activity before being rapidly sold off, resulting in substantial losses for unsuspecting investors.

An example of this is EthereumMax, which used Kim Kardashian to help promote its brand prior to defrauding investors. Be wary of projects exhibiting suspicious price movements or overly aggressive marketing tactics.

FOMO (Fear of Missing Out) can lead investors to buy altcoins at overvalued prices during periods of market excitement. However, buying at inflated prices increases the risk of losses if prices subsequently correct, which is typically a 30-40% drop. You must stick to investment strategies that are based on thorough research and analysis.

Investors are gearing up for the next altcoin season, and with a 69% reading on the altcoin season index, it is clear why. Although it offers profit opportunities, investors should exercise caution, conduct thorough research, and be prepared to navigate the risks associated with volatile market conditions.

Stay informed with market trends and build sound investment strategies when the next cycle begins; you can potentially capitalize on the opportunities.

Although it is close, we are not quite yet in altcoin season. According to the altcoin season index, 75% of the top 50 altcoins need to be outperforming Bitcoin for the new cycle to begin.

Altcoin seasons can last anywhere from several weeks to several months. This depends on the market conditions at the time.

Q4 of 2023 was the last altcoin season, with $WIF, $PEPE, $SOL, and lesser-known altcoins making significant gains as markets responded to the optimism of the U.S. SEC approving crypto ETFs.

The altcoin season index is a metric used to assess the overall strength and activity of the altcoin market relative to Bitcoin.

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What is Altcoin Season and When is it Coming? - Cryptonews

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ChatGPT Predicts When Massive Altcoin Rally Will Begin – NewsBTC

Bitcoins value might rise by 200% after its next halving event, say experts. The halving, an event that reduces Bitcoin rewards for miners, traditionally impacts prices. With this forecast, investors eye potential gains, signaling a vibrant period for Bitcoin. This optimism extends to the broader crypto market, hinting at an upcoming rally for alternative cryptocurrencies. As Bitcoin prepares for a price surge, a similar wave of enthusiasm is predicted for its counterparts, presenting a transformative phase for digital assets.

Buying presale tokens may be a good idea, as they are immune to markets wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few months of its presale, this platform has already raised over $2.5 million which speaks much for its wide recognition among savvy investors.

The fifth stage of BlastUP tokens presale is underway, offering a decent chance to invest in a promising asset at a low price. Currently, the tokens price is 45.% lower than its future listing price, so now is the most opportune moment to join the presale.

>> Dont Miss Out! Buy BlastUP Token with a 45.% Discount Before It Is Too Late <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking and participate in tiered IDO launches.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026. BlastUP is about to shake up the crypto scene, so get on board before this rocket ship takes off without you!

>> Act Fast! Supply of BlastUP Tokens is Limited Secure Your Spot in the BlastUP Launch! <<

The recent momentum seen in Jupiters value, with a staggering rise of over 3861.67% in six months, showcases an incredible growth trajectory. Coupled with the short-term surge of 135.16% in one month, current stakeholders might be seeing this as an auspicious sign for future prosperity. With its current price at $1.19, slightly below the 10-day average of $1.21, there lies a potential for the price to retest this average. However, investors should consider that rapid ascents often come with volatility, and a reevaluation at the nearest support level of $0.42 could be plausible if the upward trend does not hold.

In the longer term, the picture for Jupiter still looks promising, considering the substantial historical increases. Yet, a balanced view is warranted as prices fluctuate. The current neutral signals from RSI and Stochastic indicators suggest a period of stabilization might be ahead, hinting that significant price swings may not be imminent. With the MACD signaling Buy, continued interest from buyers could push against the nearest resistance level of $0.68. However, reflecting on the second support level at $0.30 should remind us that market corrections are a natural part of the dynamic crypto landscape.

Pyth Network has shown remarkable growth with a 55.37% increase over the past month and 135.50% in six months, making it an exciting asset. The price sits at $0.90, close to the nearest resistance level of $0.92, suggesting potential for a short-term uptick. If momentum continues, it might challenge the second resistance at $1.18, inching towards its all-time high. The 10-day simple moving average at $0.96 could indicate steady movement upward. However, traders should stay alert as any shift could turn the tides.

Looking long-term, the substantial six-month growth rate can embolden investors, but its important to consider potential support levels. A fall below the current price could land Pyth at the nearest support of $0.38, or, in a more significant downturn, to the second support level at $0.118. While optimistic trends could pave the way for growth, a balanced view acknowledges these supports as areas where the price might steady if it were to retract from recent highs. Without the 100-day simple moving average data, one must rely on short-term averages and price levels to navigate the market.

SEIs recent movement shows a drop of 13.17% in a month, but a significant rise of 563.66% over six months. These swings suggest that short-term dips dont overshadow the assets growth potential. With the current price at $0.809, it stands below a 10-day average of $0.879, hinting at possible undervaluation. If it breaks past the nearest resistance at $1.05, we could see momentum towards the second resistance of $1.27. However, investors should be aware of fluctuations and consider the nearest support at $0.596 and the second support at $0.359 as areas where the price might stabilize if it turns downward.

In the long run, SEIs historic climb to its all-time high of $1.14 suggests an underlying strength. With the 100-day average at $0.704, the current price is contending with this technical level, which could either bolster buyer confidence or, if it doesnt hold, lead to a test of lower support levels. While the astronomical six-month growth paints a bright picture, its crucial to temper optimism with caution, recognizing that past performance doesnt always predict future results, and theres a potential for volatility or even correction after such fast gains. Careful market watching and strategic positioning will be key for those aiming to capitalize on SEIs evolving market story.

In conclusion, amid the predicted altcoin rally, BlastUP stands out as a stellar presale opportunity within the dynamic Blast ecosystem. Its compelling concept offers investors relative stability and potential rewards, signaling a promising future. While other coins like Jupiter, Pyth Network, and SEI have shown noteworthy growth and possess their own merits, none seem to match BlastUPs confluence of concept and community. As the crypto space anticipates exciting times, BlastUPs presale presents an unrivaled chance for those looking to invest in a project with soaring potential.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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ChatGPT Predicts When Massive Altcoin Rally Will Begin - NewsBTC

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