Category: Altcoins

There Are Now 4x More Addresses Holding ETH Than During the 2018 Highs

There are now over 40 million addresses on the Ethereum network with non-zero balance. According to cryptocurrency analytics company Glassnode, this represents an increase of 350 percent from the number of addresses during ETH’s ATH in early 2018. Comparing the number of addresses on Bitcoin and Ethereum Ethereum has long been in Bitcoin’s shadow, often…

May 25, 2020
Despite ongoing rally, OmiseGo would need to rally over 1,400% to reclaim highs

OmiseGo – a relatively small crypto with a market cap of $261 million – has been caught within the throes of a parabolic uptrend over the past several days. This uptrend has allowed it to post some massive gains emblematic of those seen during 2017’s “altseason” – in turn drumming up significant interest amongst investors.…

May 23, 2020
Analyst: there has been “no point” owning crypto assets aside from Bitcoin & top 10

In 2017 and 2018, altcoins — crypto assets that are not Bitcoin and Ethereum (which is the common definition) — were in vogue. With many of these projects making absurd promises — like promising to be the better Bitcoin or promising to solve digital censorship — largely mom and pop investors were then willing to…

May 22, 2020
MakerDAO founder: Ethereum is a vacuum that will suck in almost “all value” in crypto

This week, millions of dollars worth of Wrapped Bitcoin — the leading representation of BTC on the Ethereum blockchain — were deposited into decentralized stablecoin protocol MakerDAO to generate $4 million worth of the DAI stablecoin. According to MakerDAO founder Rune Christensen, this sole transaction is extremely bullish for Ethereum’s long-term value proposition, not just…

May 22, 2020
IOHK launches new Cardano (ADA) blockchain explorer based on Byron reboot

The new Cardano Explorer based on the updated Byron reboot infrastructure has just been launched. IOHK said that the new explorer is a significant step up from the original and is among the final steps that will lead to the Shelley mainnet. Users can now look at Cardano through a completely re-engineered blockchain explorer After…

May 21, 2020
This data shows Bitcoin could soon see a retail investor frenzy

Bitcoin’s sharp recovery from its meltdown in mid-March has revitalized its investor base, leading positive sentiment to flourish amongst market participants. This positivity is likely rooted in its bullish performance against a backdrop of global instability, with comments from legendary investors like Paul Tudor Jones further vindicating the cryptocurrency’s value. The benchmark cryptocurrency is now…

May 20, 2020
Charles Hoskinson discusses Shelley, trolls, and a 1000 tx/s future for Cardano

While the first wave of pioneers is testing Shelley, Hoskinson took to YouTube to answer community questions, touching on topics such as incessant trolls, roadmap deadlines, and handling a future Cardano that could process thousands of transactions every second. Putting an exclamation point at the launch of Shelley The first select group of participants has…

May 20, 2020
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital…

May 19, 2020
An Ethereum DeFi token surged 400% in hours — and an analyst thinks 4chan is behind it

While the price action of Bitcoin, Ethereum, and other top cryptocurrencies are predicated on underlying narratives and technical trends, low-cap altcoins rise and fall for the weirdest reasons. This much was made clear on May 17 and 18, when a small Ethereum-based token rallied by over 400 percent due to one unexpected market catalyst: 4chan.…

May 18, 2020
Ethereum exchange balance rockets to all-time highs; spelling trouble for its strength

Ethereum hasn’t been performing well against Bitcoin throughout the past few days and weeks, with this trend simply marking an extension of that seen throughout the past couple of years. The amount of Ethereum being held within exchanges has rocketed to all-time highs as of late, even seeing tremendous growth in the time following the…

May 16, 2020