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Altcoins that can show explosive growth

Ethereum/Bitcoin, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Altcoins that can show explosive growth

The parabolic growth in the last days of the ETH/BTC pair proves the beginning of the altcoin season, experts say.

Along with Ethereum (ETH), other altcoins are growing, including Dogecoin (DOGE).

Well-known analyst and crypto trader Mikael van de Poppe drew attention to the altcoin market, noting that in the coming weeks their profitability will significantly exceed the results of Bitcoin.

For example, Van de Poppe mentions the distributed web protocol Holochain (HOT), which in early April reached a historic high of $0.031. The second rally will occur during the next wave of the altcoin season, probably around mid-June, the expert believes.

Two other assets with significant growth potential are the Swipe smart wallet token (SXP) and the Teller Oracle project (TRB).

Crypto trader and analyst Tyler Swope notes two promising new altcoins that could benefit from the clean energy fashion. He invested in Ocean Protocol (OCEAN) and NuCypher (NU), which are indirectly related to Elon Musk's $100 million initiative to remove greenhouse gases.

The four-year global initiative is supported by XPRIZE. The OCEAN project ranks 134th in the ranking by market capitalization and has repeatedly collaborated with XPRIZE in the past.

The privacy-focused NuCypher (NU) protocol, ranked 275th in the ranking, was created thanks to the Creative Destruction Labs development program. Creative Destruction Labs, a nonprofit organization, has partnered with XPRIZE to implement Musk's initiative.

Analyst Il Capo distinguishes Syntropy (NOIA), Binance Coin (BNB), Band Protocol (BAND), Balancer (BAL), Litentry (LIT), Zilliqa (ZIL), TomoChain (TOMO) and Hedera Hashgraph (HBAR) from altcoins.

The unusual growth of Dogecoin (DOGE) also received a reasonable explanation, cryptoonliner writes. Billionaire investor Mark Cuban notes that this is one of the few cryptocurrencies that are used directly for transactions, and not through services such as BitPay. Dogecoin is indeed accepted by some sports clubs and other businesses that rely on community coins.

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Cardano has reached a new record high for the day
Cardano/USD, cryptocurrency, Cardano has reached a new record high for the day The cryptocurrency has overtaken Binance Coin in terms of capitalization in the digital asset market.Over the past two weeks, the cost of Cardano (ADA) has increased by 80%. On August 20, the ADA price reached a record high of $2.57. This is reported by Bitcoinist with reference to sources. The previous record high was broken in May 2021, when the ADA rose to $2.50.The growth of Cardano takes place against the background of news about the release of a new update of Alonzo Purple with smart contracts. They are necessary to join the DeFi sector of decentralized finance. This will help to make the purchase and sale of tokens automated. This is how Cardano is trying to overtake Ethereum. The release date of Alonzo Purple is scheduled for September 12.The total market capitalization of Cardano exceeds the same indicator of Binance Coin by almost $10 billion, but is inferior to Ethereum by about $300 billion. However, experts are confident that the introduction of smart contracts will reduce this difference in favor of ADA. Now the market capitalization of Cardano is $82.6 billion.
Aug 22, 2021 Read
The difficulties of miners worsen the prospects of Bitcoin
Bitcoin/USD, cryptocurrency, The difficulties of miners worsen the prospects of Bitcoin The price stability of Bitcoin does not please the participants of the crypto market at all. Such a lull is perceived as a harbinger of a storm. High volatility of Bitcoin has always been its characteristic feature, and the tendency to rapid growth attracted speculators hoping for a quick profit. Periods of calm and movement in narrow trading ranges often ended with fierce sales. Now is exactly such a moment: Bitcoin is squeezed in a narrow trading corridor with a sequence of declining highs.Approaching the round value at $30K and its subsequent breakdown can trigger an avalanche of sell orders, while buyers this time may not be in a hurry to help the reference cryptocurrency. Many participants of the crypto market are morally ready to see new lows for Bitcoin before new long-term purchases.Bitcoin starts the working week with a slight decrease of 1% and is trading around $32,000. Another alarming sign for the first cryptocurrency was a pause in the growth of the hashrate. Miners are moving after new active actions by the Chinese authorities. And over the course of this process, it becomes clear that it turns out to be much more complex and expensive. The hashrate in the Bitcoin network has not recovered to its peak values and is currently at the levels of the end of October 2019. This should soon be followed by an automatic reduction in complexity. It is generally believed that the price of Bitcoin follows the hashrate/difficulty of mining, so the investment prospects are still deteriorating.The S&P 500 correction may make a negative contribution to the short-term dynamics of the crypto market. In this case, the correlation of the benchmark stock index and Bitcoin may well show its full potential, since similar cautious moods prevail in both markets.Among the positive things for the market, we can note the announcement of PayPal about increasing the weekly limit for the purchase of cryptocurrency from $20K to $100K, as well as the abolition of annual purchase limits. This applies only to American users of the payment system, although, given the fundamental role of the United States in the formation of the cryptocurrency market, such news may well support the market globally.Since the peak values of this year, the total capitalization of the crypto market has fallen by exactly half to $1.27 trillion. Without serious support, we will probably continue to observe a decline in the crypto market up to values that will seem attractive to large investors for opening large positions.
Jul 19, 2021 Read
Binance Announces the Sale of Coin98 (C98) Tokens on Launchpad
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Jul 17, 2021 Read
Will Bitcoin turn into a separate economy
Dash/Bitcoin, cryptocurrency, Zcash/Bitcoin, cryptocurrency, Litecoin/Bitcoin, cryptocurrency, Ethereum/Bitcoin, cryptocurrency, Monero/Bitcoin, cryptocurrency, BitcoinGold/Bitcoin, cryptocurrency, Bitcoin/USD, cryptocurrency, Will Bitcoin turn into a separate economy On the penultimate day of the working week, the cryptocurrency market shows a moderate decline. Bitcoin has been losing almost 5% over the past day and is trading around $33,500. Thus, the recent price rebound was almost completely compensated. The inability to overcome the threshold $40,000 dollars results in increased bear pressure. As before, the phrase “what does not grow – falls“ is extremely relevant for the crypto market. So far, the scale of the decline is not critical for the market, and a drop up to $30,000 will not mean a reversal of the broad trend. However, if we see a decline to $29,000 and below, this situation may well provoke panic sales. However, it is worth remembering: the more panicky we see sales, the more aggressive the purchases of hunters for discounts will be.The latest episode of the sale on the cryptocurrency market during the last quarter was associated with tough actions of regulators, the emergence of concerns about the possible curtailment of the incentive policy, loud populist statements regarding the non-environmental nature of bitcoin, as well as a decrease in institutional demand for digital currencies. Although sales have somewhat stabilized, the main cryptocurrency remains squeezed in the range between $30K – $40K.The hashrate of the bitcoin network has stabilized after a long period of decline due to the relocation of miners and the shutdown of equipment. Market participants assume that the most difficult moment after the statement of the Chinese authorities about the need for miners to curtail their activities in China has passed. At the moment, the computing power of the network is far from peak values. However, no one doubts that soon the miners will turn back on their equipment and the hashrate will begin to grow. This situation will bring the crypto market a more significant diversification of computing power, the distribution of mining plants around the world, but for China, the loss of control over the computing power of Bitcoin can turn into unpleasant consequences.Nevertheless, the country's authorities should have kept the competitor as close as possible, and not created conditions for even greater global attractiveness of the asset. After all, the more decentralized Bitcoin is, the higher its value in the long term. The relevance and need for Bitcoin is only growing as financial nuts are being tightened in all economies of the world. The world economy has very quickly gone from total globalization to a virtually global trade war. The policy of central banks gave birth to Bitcoin, which has undoubtedly become one of the iconic symbols of the new era and has the potential to turn into a separate economy.
Jul 15, 2021 Read
China has dealt a new blow to Bitcoin
Bitcoin/USD, cryptocurrency, China has dealt a new blow to Bitcoin The Chinese province of Anhui has decided to close all mining farms on its territory due to a lack of electricity. Three years have been allocated for the implementation of the plan. This was a new blow from China to Bitcoin and crypto miners, according to Bloomberg.The decision of the authorities led to a decrease in the value of bitcoin by 4.5 percent to 31.6 thousand dollars. At the time of writing, the bitcoin exchange rate has grown slightly and reached the level of 31.9 thousand dollars.Recently, the Chinese authorities have taken a number of restrictive measures against bitcoin. So, in mid-June, one of the largest provinces of Sichuan banned the mining of cryptocurrencies.At the end of June, the People's Bank of China banned local companies and payment systems from participating in transactions with cryptocurrency. After this message, the bitcoin exchange rate fell below $30,000 for the first time since January, and many miners moved to the United States, Russia and Kazakhstan.The concerns of the Chinese authorities are associated, among other things, with a high level of emissions of harmful substances into the atmosphere due to high electricity consumption during mining. Experts have estimated that the production of cryptocurrencies around the world emits 36.95 megatons of carbon dioxide per year, which corresponds to the level of emissions in an entire country, for example, in New Zealand.
Jul 14, 2021 Read
Goldman Sachs called cryptocurrencies as an asset class
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May 24, 2021 Read
Bitcoin prepares to rise above $85,000
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Bitcoin prepares to rise above $85,000 The head of CryptoQuant predicted a sharp rise in Bitcoin in the near future. This is due to the outflow of coins from cryptocurrency exchanges. The holders are not ready to sell the leading digital asset right now, but rather keep it on their wallets. We can say that the pressure of sellers is decreasing. A similar situation is happening with the Ethereum cryptocurrency, but Bitcoin has been squeezed within the ascending channel since the end of February, while the ether is steadily moving up. If we suggest that Bitcoin will break the maximum in the near future and postpone the height of the channel up, then the goal of the rise is the level of $85,000 per coin.
May 08, 2021 Read
New cryptocurrency Chia collapsed three times
Litecoin/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, XRP/USD, cryptocurrency, New cryptocurrency Chia collapsed three times The new cryptocurrency Chia (XCH) has fallen in price three times since the start of trading on Monday. According to WEIBO, the token has risen to the second place among the most popular cryptocurrencies.The growing popularity of cryptocurrency Chia may lead to a shortage of hard drives and solid-state drives in the consumer market.The token of the main Chia Network network began trading on the OKEx crypto exchange on May 3. According to CoinMarketCap, in four days, the price of the token fell from the highs of the first day of trading from about $1800 to $600.Earlier, miners caused a shortage of hard drives and solid-state drives in Hong Kong before the launch of the main Chia Network. Already in mid-April, the main stocks of HDD and SSD were sold out, and because of this, their price tripled.The Chia Network blockchain was created by Bram Cohen, an American developer and creator of BitTorrent. He believes that bitcoin and other cryptocurrencies running on the Proof-of-Work (PoW) algorithm use too much electricity.Chia runs on a Proof-of-Space-and-Time algorithm and uses disk space as a transaction validator. Users who provide their own disk space to support the network are rewarded for this.The token is traded on OKEx exchanges, Gate.io, MXC.COM and Bibox. The amount of disk space occupied by the cryptocurrency has currently reached 2.11 exabytes. 457,402 coins were mined out of just over 21 million units.The main network of the project will be launched in March 2021. According to the February 10 white paper, the company raised about $16 million in funding through SAFE agreements. The last $5 million round ended in August 2020. The company is supported by venture funds Andreessen Horowitz, Galaxy Investment Group, DCM Ventures, True Ventures and others.
May 07, 2021 Read
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