Sunday , June 26 2022
Home / Tag Archives: Altcoin Season

Tag Archives: Altcoin Season

Altcoin Season 2021 Booming as BTC Dominance Hits 2-Year Low: The Weekly Crypto Recap

This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing signs of weakness, and it declined all the way to $57K on Sunday. From there, Bitcoin started trading flat and made another unsuccessful attempt at $60K...

Read More »

4 Reasons Altcoin Season 2021 Has Officially Started

The cryptocurrency market is on fire. The market capitalization has surged past $2 trillion for the first time in its history. Interestingly enough, this was led mostly by alternative coins, or altcoins, surging in value. Bitcoin, on the other hand, failed to break above $60K on multiple occasions over the past month, giving serious merits to the notion that altcoin season 2021 is brewing. In January this year, CryptoPotato reported that Secrets of Crypto, which is one of the...

Read More »

Analyst: The 2021 Altcoin Season Only Started

2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history.And while a lot of it had to do with Bitcoin’s surging price, over the last few days, it’s becoming evident that altcoins are claiming their share, causing many to believe that we’re in a state of the market known as “altcoin season.”Altcoin Season 2021: It’s Just BeginningAn “altcoin season” is a term used to describe a market condition where...

Read More »

Dogecoin Spikes 120%: If History Repeats, This Might be Very Positive for All Altcoins

If history is any indicator, the recent spike of Dogecoin might be a perfect sign for all remaining altcoins, following the recent spike of the meme coin, which started as a joke as one of the first cryptocurrencies besides Bitcoin.DOGE Surges 120%Despite not being so high up the market cap ladder, DOGE is undoubtedly one of the most popular cryptocurrencies. It is frequently mentioned by one of the most influential businessmen on the planet, Elon Musk. He even jokingly in his Twitter handle...

Read More »

Bitcoin Dominance Spikes To 7-Month High As BTC Pokes $24K: Altcoin Season Postponed

Those who were looking forward to an altcoin season would certainly have to wait longer as Bitcoin’s dominance continues to surge. Meanwhile, the majority of cryptocurrencies are bleeding heavily against BTC.Bitcoin Tops $24,000 in a Massively Volatile DayThe volatility on the cryptocurrency market continues as most coins see tumultuous performance throughout the past few days.Bitcoin is no exception. Today’s candle is indicative of it. The price reached a low of around $22,800 on Bitstamp,...

Read More »

As Bitcoin Rips and Altcoins Crash: Historically, What Are The Chances for Alt-Season?

Bitcoin has been surging in the past few weeks to consecutive yearly highs. Speculations emerged within the community if or when BTC will even surpass its 2017 ATH of nearly $20,000. At the same time, though, most alternative coins seemed to be dragging behind their leader. Bitcoin’s dominance highlights this – a metric that surged by nearly 7% in less than a month. As such, it would be compelling to follow how altcoins have performed in relation to Bitcoin before, during,...

Read More »

Alt-Season 2020 Is Officially Confirmed, Says Binance CEO Changpeng Zhao

Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market.In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now.CZ Suggests An Altcoin SeasonDuring the past several weeks, the altcoin market has boomed with double-digital increases charted almost daily. These events pushed cryptocurrencies such as Chainlink’s LINK to new highs. The DeFi sector...

Read More »

DeFi On Top: Ampleforth (AMPL) 30% and Aave (LEND) Lead Today’s Altcoin Boom as Bitcoin Stagnates

The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low.Altcoins And DeFi On The RiseThe altcoin market indicates several impressive gainers throughout the past 24 hours. Above all now stands Ampleforth (AMPL), with a significant increase of over 30% to $4.This surge comes merely weeks after the company announced the...

Read More »

Bitcoin Dominance Records Yearly Low: A Critical Point as DeFi Drives The 2020 Alt-Season

Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday.BTC/USD, Bitstamp. Source: TradingViewThe move has kept BTC within its range-bound channel as the consolidation, which began in early May, resumes. Trading volumes and volatility is dwindling, which could signal...

Read More »

Open Interest on Binance Futures Up 180% in June Despite Lower Trading Volume

Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility.Traders Held More Open Positions in BTC Contracts Than in MayBinance released its monthly report discussing the activity on its futures trading platform. While trading volume...

Read More »