Altcoins

The largest US-based crypto exchange Coinbase has classified bitcoin and several altcoins as institutional assets following the developments in 2020. In its yearly report, the company has confirmed the growing institutional interest, the maturing market, and, somewhat surprisingly, the expanding appetite from corporations towards ETH.2020 Established Bitcoin As An Institutional AssetThe challenging last year saw the emergence of Bitcoin as an asset fit to serve the needs of institutional...

Following the highly volatile few days in which BTC displayed $6,000 price moves in both directions, the cryptocurrency has calmed around $34,000. At the same time, XRP and a few more altcoins have exploded in value and reduced BTC’s dominance to 62.5%. Uniswap’s UNI token even hit $20.XRP’s Massive Surge Reclaims #4th SpotThe past few days have been anything but boring in the cryptocurrency space – from the retail-driven hype for Dogecoin and up to four-digit gains, through the Elon...

Seit vorgestern überschlagen sich die Ereignisse im Markt. Eine Flashmob-Rallye hatte sich im Aktienmarkt ergeben, welche die GameStop-Aktie durch die Decke gehen ließ. Ein ähnliches Phänomen wurde im Cryptomarkt beobachtet – hier war es der Dogecoin, der innerhalb weniger Stunden um 1.100 Prozent anstieg. Bitcoin News: Dogecoin outperformed Bitcoin in intensiver Flashmob-RallyeAuch Bitcoin profitierte und stieg zwischenzeitlich sogar wieder auf 37.500 US-Dollar an. Einige Daytrader nahmen...

At the time of writing, DOGE is in the 10th position with a market cap of $7 billion.It is a wild world on Reddit and Twitter as Dogecoin (DOGE) was targeted as the cryptocurrency befitting to be pumped as the shares of American video game retailer GameStop Corp (NYSE: GME) has been over the past days. As reported by CNBC, a frenzy on the Reddit chatroom dubbed ‘SatoshiStreetBets’ aimed to make Dogecoin the cryptocurrency equivalent of GameStop by pumping the price through mass retail...

Bitcoin cash price declined after it failed to clear the $465 resistance against the US Dollar.The price even spiked below the $400 support and settled well below the 55 simple moving average (4-hours).There is a short-term rising channel forming with support near $390 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could recover above $420, but it might face a strong resistance near the $440 level.Bitcoin cash price is struggling to gain momentum above $400...

There are three altcoins to watch this and next week, as I am expecting high volume injections during weekends, my top picks are ADA/USD, LINK/USD, ZIL/USD.The sell-off ahead of the FOMC meetings has stopped today after claims made by the Chairman Mr. Powell. Mr. Powell has stated that the date of the economic recovery still remains uncertain and strictly dependent on the virus spread and vaccination advances. The US Dollar gained significantly yesterday adding 0.53% to its value hitting the...

Mark Cuban believes that Bitcoin, Ethereum and some altcoins would be able to pull through just like big internet companies of today.Everybody recognizes Mark Cuban as an American billionaire and owner of Dallas Mavericks, he is also a widely recognized face for being a “shark” on the popular Shark Tank reality TV show. What many may not know is that he occasionally shares his thoughts on the crypto industry and its assets like Bitcoin, Ethereum, DeFi projects and even non-fungible token...

EOS failed to clear the $3.000 resistance and declined below $2.800 against the US Dollar.The price is currently trading well below $2.800 and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $2.650 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the $2.650 and $2.800 resistance levels.EOS price is trading above a major support near $2.400 against the US Dollar, while...

Litecoin price started a fresh decline below the $135 and $130 support levels against the US Dollar.LTC price is trading just above the $120 support and it is well below the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $136 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face many hurdles such as $135 and $140.Litecoin price is showing bearish signs below $135 against...

Bitcoin has never lived up as a payment coin. The asset – which was initially designed to replace fiat currencies and be used to purchase goods and services – has become so volatile and so vulnerable to price swings, that the very idea of using it as a method of payment has become ludicrous to even the most diehard fans, but according to Keith Johnson of Ternio fame, this paves the way for competing altcoins to step up and serve as payment coins in the future.Johnson Says Competing Altcoins...