Altcoin

The actions of large-scale crypto investors, known as whales, often serve as indicators of emerging trends. These whales are known for their accurate investment decisions, which frequently signal the next big opportunity in the market. Recently, these influential players have shifted their focus away from Solana (SOL) and Pepe Coin (PEPE), opting instead to aggressively accumulate MoonTaurus (MNTR), a new meme coin that’s capturing significant attention. Solana and Pepe Coin Lose Whale Interest Solana (SOL) has been an investor favorite…

The post Altcoin Rebound on the Horizon? A Look at Bitcoin’s Market Impact appeared first on Coinpedia Fintech News Less than 72 hours to the monthly close, it is more evident that Bitcoin’s (BTC) price will likely end the turbulent August with a bearish outlook. Nevertheless, Bitcoin price established a robust support level above $58k in the past weeks, thus positioning the altcoin industry for a further rebound in the near term.  Correlation Study Between Altcoin Industry and Bitcoin  According…

The collapse of Mt. Gox in 2014, once the world's largest Bitcoin exchange, marked a pivotal moment in the history of cryptocurrency. Following a series of devastating hacks, the exchange lost nearly $58 billion worth of Bitcoin, sending shockwaves through the crypto market. Fast forward a decade, and Mt. Gox is finally beginning to repay its creditors, a move that has rekindled interest in the crypto world. Amidst this backdrop, a trader who accurately predicted the Mt. Gox disaster is…

The post Is Bitcoin’s Dominance About to End? Analyst Predicts Altcoin Surge! appeared first on Coinpedia Fintech News Bitcoin’s market dominance has been increasing and recently hit its highest point since April 2021, reaching 57.4%. This rise happened as the overall cryptocurrency market faced a downturn. However, well-known crypto analyst EGRAG Crypto believes this upward trend might be slowing.  He thinks Bitcoin’s dominance could be close to its peak, with altcoins starting to perform better. This could mean that a…

The post Are You Ready for Altcoin Season? Top DeFi Projects to Watch Ahead appeared first on Coinpedia Fintech News The excitement around meme coins on chains like Tron (TRX) and BNB Chain (BSC) is fueling anticipation for the long-awaited altseason. Bitcoin’s price is on track to close above $60k in August, potentially boosting a crypto bull run into September and the final quarter of 2024. With institutional investors pouring money into U.S. spot Bitcoin ETFs, the stage is set…

Avalanche (AVAX) has experienced a notable 24% increase this week, recovering from a prolonged downtrend. After hitting a low of $17.29 in early August, AVAX surged to $25.25, driven by factors such as reduced token unlocks and institutional investments. MoonTaurus (MNTR) is emerging as a notable player in the cryptocurrency market. Currently in its presale phase, the token is drawing significant attention due to its strategic positioning and growth potential. With a capped total supply and a well-structured marketing plan,…

The post Altcoin Season Delayed? Lark Davis Breaks Down Bear and Bull Cases appeared first on Coinpedia Fintech News Popular Crypto analyst Lark Davis dives into a compelling question that has been swirling in the crypto community: Is there no altcoin season coming? He explores both the bear and bull cases for this, offering a balanced view of the current market conditions. Will your dreams of altcoin gains become a reality? Read on to find out. The Crypto Market is…

The third week of August 2024 has surprised the crypto market, with some of the biggest altcoin gainers being tokens that previously suffered significant losses. Notably, many altcoins within the top 100 by market capitalization are closing the week in the green. Here’s a look at the top three outperformers, what drove their gains, and what might come next. Polygon (MATIC) Last Friday, Polygon’s (MATIC) price was $0.40. As of now, the token has surged by 32.50% over the past…

The post Altcoin Season Coming? 4 Cryptocurrencies That Could See Massive Gains Soon appeared first on Coinpedia Fintech News The altcoin industry has consolidated in a bearish outlook for the past five months despite the notable rise in demand from institutional investors. The increased crypto regulatory clarity in the United States has created an enabling environment for further altcoin growth.  For instance, the SEC has dropped investigations into Ethereum and Solana as alleged security assets. In addition, the SEC vs…