Bitcoin looks ready to rebound off a critical support level and if this happens select altcoins like BNB, LUNA, MANA and SAND may also attract buyers.
The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
Bitcoin remains attractive for seasoned hodlers, as $50,000 now becomes the point at which confidence could turn to anxiety.18326
The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion.13782
Over 2,000 data points consistently demonstrate a singular truth: Crypto asset prices tend to increase when this quant algorithm identifies bullish conditions.32198
Buterin issued a decrease-cost-and-cap proposal that aims to reduce unprecedented levels of strain and risk breaking the network.24910
Among many features, OKEx staff demonstrated how users could automate their trading process with no required coding knowledge on the namesake platform.4914
Bitcoin and most major altcoins are on the verge of starting a deeper correction, which will signal that a short-term top may be in place.31976
Stablecoins are destined to grow, experts suggest, but are regulations the only way for the market to reach its full potential?5834
However, BAT saw profit-taking sentiment at its new price top, suggesting more downside is possible.10636
Bitcoin price action sees its lowest levels since the second week of October after a hefty $5,000 red daily candle.30612
The report also found that a transaction on the Solana blockchain uses 24 times less energy than charging your phone.14310
With over 1 million token holders, Shiba Inu looks set for great things ahead despite trading more than 50% below its all-time high.81292
Panther's public sale involved 5% of the total ZKP supply, with 15% being sold via seed, pre-seed and private funding.12110
Meanwhile, the trading volumes across the crypto’s main instruments dropped by nearly 100% in the same period.22979
Encouraging signs point investors away from expecting the worst after BTC/USD reaches multi-day highs without significant retracement.8263