
FTX Unstaked 186K SOL: Is Another Selloff Coming?
A wallet address affiliated with the fallen crypto exchange FTX unstaked over 186,000 SOL, hinting at a potential selloff similar to last month.
A wallet address affiliated with the fallen crypto exchange FTX unstaked over 186,000 SOL, hinting at a potential selloff similar to last month.
Dogecoin (DOGE) surged by 6.9% to $0.16 following President Trump’s announcement of a 90-day tariff delay and 21Shares filing for a Dogecoin ETF.
XCN has jumped over 30% in a day, breaking out of its consolidation phase and sparking bullish predictions of a potential 300% rally.
A PEPE whale has offloaded over 723 billion tokens, converting them to the DeFi stablecoin DAI, signaling a lack of confidence in the asset.
Prominent analyst Trader Tardigrade has identified a potential Wyckoff Accumulation pattern forming in Dogecoin, signaling a possible bullish reversal.
FARTCOIN is now showing signs of exhaustion, with some analysts expecting a sharp decline and others predicting a $10 rally.
Solana has seen intense selling pressure from both whales and retail investors over the past month, but analysts still expect a price bounce.
Glassnode data has confirmed that more than 80% of TRX and XRP holders are currently in unrealized profits despite the market crash.
The PI token shot up over 3% in the past 24 hours as 1.5 million tokens are scheduled to be unlocked per day starting April 11.
Hedera (HBAR) price jumped 20% today to $0.16, driven by Nvidia’s announcement of integrating Hedera’s blockchain into its AI systems.
Despite a turbulent crypto market, FARTCOIN has surged over 30% in just 24 hours, now trading at around $0.57.
Following an 80% weekend rally to $0.75, Pi Coin has dropped over 10% in the past 24 hours with daily trading volumes exceeding $450 million.
Crypto investment products have witnessed a massive $240 million in outflows in the past week, digital asset firm CoinShares revealed.
SOL fell below $100 for the first time since February 2024 and is now ranked 7th in market cap with a $52.17 billion valuation.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.