Category: Altcoins
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XRP plummets to $0.24 as analysts watch for capitulatory move to 2020 lows
XRP, like many other major altcoins, has caught the brunt of Bitcoin’s recent downturn, with the embattled crypto plummeting from its recent highs of $0.35 all the way down to its current price of under $0.25. This intense selloff has led to a degradation of nearly all the technical strength that had come about as…
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Crypto market sees extensive bloodbath as Bitcoin reaches key level
After a futile attempt to kick off another uptrend yesterday, the crypto market has seen an intense selloff that has stemmed from Bitcoin’s move down to $9,500, which has subsequently led most major altcoins to plummet lower. This bloodbath has led most major cryptocurrencies to form an incredibly close correlation to Bitcoin, and it is…
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An “OG” Bitcoin holder shilled an altcoin a conference, and nobody is all too pleased
[youtube https://www.youtube.com/watch?v=4wB1GTit6mw&w=560&h=349] Last weekend, some of the world’s most outspoken Bitcoin proponents and analysts descended on Las Vegas. The reason: Tone Vays, the Wall Streeter-turned-cryptocurrency analyst was hosting a “Bitcoin not blockchain” conference and a “celebrity” poker tournament in a weekend he dubbed “Unconfiscatable,” a reference to the decentralized nature of BTC. The list of…
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Analyst: Ethereum may see intense rally after piercing this technical resistance
Ethereum (ETH) has seen some mixed price action over the past week, with the cryptocurrency previously finding some stability around $280 before plummeting below $250 in tandem with Bitcoin’s crash below $10,000. In the time since this violent movement occurred, however, ETH’s bulls have been able to regain their strength, and they have been subsequently…
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Ethereum price plummets despite strong network activity growth
Ethereum’s intense uptrend seen throughout 2020 reached a boiling point in early-February, with ETH’s break above $200 allowing it to incur parabolic momentum that led it to highs of $290. Although the crypto has retraced from these highs, its mid-term market structure still remains firmly bullish, and many analysts are now noting that this will…
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Cardano (ADA) sees huge YTD network activity growth
The Cardano (ADA) network has seen its network activity steadily rise this year, with metrics such as the number of daily active addresses, the total number of addresses, and the number of transactions all going up. According to data from IntoTheBlock, the network reached its ATH with almost 10,000 active addresses on Feb 12, which…
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Why TRON, XRP, and Cardano (ADA) just plunged 12% in a severe altcoin correction
Major alternative cryptocurrencies (altcoins) including TRON, XRP, and Cardano (ADA) dropped by more than 12 percent against the USD on the day. The move follows a strong 50 to 90 percent upsurge within a span of two months. A big upsurge is often supplemented with a big correction In the past two weeks, while the…