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Altcoin Trading Dominance Exceeds 50%, What Does This Mean For Bitcoin?

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On-chain data shows the trading dominance of altcoins is now more than 50%; here’s what this may mean for Bitcoin.

Altcoin Trading Dominance Has Increased To More Than 50%

As pointed out by an analyst in a CryptoQuant post, sustainable moves in the market have usually started with Bitcoin going up first. The “trading dominance” indicator measures the percentage of the total trading volume that any crypto is contributing.

When the value of this metric rises for any coin, it means the volume share of that particular coin is going up, showing that there is increased trading interest from investors. On the other hand, declining dominance suggests the coin is losing steam as not many holders are trading it compared to the rest of the market.  Read more...

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Crypto Words ‘Metaverse’ And ‘Altcoin’ Get Spot In Merriam-Webster Dictionary – Yeet!

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New crypto words are being enshrined into the book of language.

Since Merriam-Webster has validated a number of internet catchphrases and colloquialisms the modern youth today coin by including them in the dictionary, language elitists will have to get pretty chill with them fast.

Merriam-Webster has recently added 370 new words to its lexicon, which, for good or bad, correspond to the modern era, with terms relating to the global health crisis, the war in Ukraine, the so-called “bear market,” and rapidly changing technology.

The oldest dictionary publisher in the United States is making space for crypto.  Read more...

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Crypto Exchange Zipmex Resumes Certain Altcoin Withdrawals

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Crypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are no updates about Bitcoin and Ethereum withdrawals. The halt in withdrawals on Zipmex happened after the two other exchanges Babel and Celsius froze withdrawals.

The crypto exchange has now started to allow users to withdraw some token from their trading accounts. Zipmex has also mentioned a timeline for withdrawals of Solana, XRP and Cardano from the trading wallets. Market movers such as Bitcoin and Ethereum still remain locked in.

The crypto exchange operates in Thailand, Singapore, Indonesia and also Australia and had paused withdrawals stating,  Read more...

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How Summer Is Turning Into A Short-Lived Altcoin Season

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Altcoin season is a phenomenon that excites investors in the crypto market. It often means a period of multiple gains as the altcoins see their valuations and prices grow rapidly. This usually comes after a bull run in the price of bitcoin, which is now the case with the current market. With summer coming into full bloom, altcoins seem to be having the time of their lives as performance has been outstanding all around.

Altcoin Run Up The Market  Read more...

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Barry Silbert Predicts Altcoin Price Explosion to Catch Bitcoin Rally

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Large cap altcoins have appreciated nicely against the US Dollar in 2019. Their gains however, have paled in comparison to Bitcoin’s bullish rally this year. But Digital Currency Group CEO Barry Silbert said in a tweet Wednesday that he expects the market value of quality altcoins to catch up to the Bitcoin price boom sometime […]

The post Barry Silbert Predicts Altcoin Price Explosion to Catch Bitcoin Rally appeared first on CCN Markets

CCN Markets

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Bitcoin is Absolutely Clobbering Your Favorite Altcoin This Season

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Many crypto enthusiasts love to hype the ever elusive altcoin season (“altseason“), which has long been hailed as one of the most profitable bitcoin market cycles for active cryptocurrency traders. When the season is in full swing, larger altcoins like Ethereum, Ripple, and even small-cap assets like Pundi X exponentially rise in value against bitcoin. […]

The post Bitcoin is Absolutely Clobbering Your Favorite Altcoin This Season appeared first on CCN Markets

CCN Markets

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Altcoin Apocalypse Coming: 3 Reasons Leading to a Brutal Altcoin Reckoning

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As bitcoin roars back into a bull market, traders are eagerly awaiting “alt-season,” a parabolic jump in altcoins that historically follows bitcoin’s rise. But they’re going to be disappointed. There won’t be an alt season in this hype cycle. Not like 2017, anyway. Altcoins like XRP, EOS, XLM, BSV and many others in the top […]

The post Altcoin Apocalypse Coming: 3 Reasons Leading to a Brutal Altcoin Reckoning appeared first on CCN Markets

CCN Markets

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Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

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By CCN Markets: The bitcoin price climbed as high as $ 8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher. Binance US Launch Could Trigger Brutal Altcoin Winter That’s the shocking analysis of crypto economist Alex Krüger, who warns that Binance’s decision to launch a regional US exchange and boot US traders from its core platform could fundamentally reshape the global cryptocurrency market. Binance, as CCN reported, has partnered with BAM Trading  Read more...

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Try Crypto Trading With Sim Games Like Altcoin Fantasy

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Try Crypto Trading With Sim Games Like Altcoin Fantasy

Trading simulators offer newbies an opportunity to enter the crypto space and get a feel for the market without losing real money. A popular app that does that and more is Altcoin Fantasy. The crypto game can be installed on both Android and iOS devices or played online.

Also read: How to Save Over 15% Shopping on Amazon With Bitcoin Cash

App Educates Potential Crypto Investors

The main purpose of Altcoin Fantasy is to educate potential investors about the crypto space. Players start with some virtual cash in USD which they can spend to acquire over 1,400 coins, including major cryptocurrencies. Then they can trade the digital assets for profit.  Read more...

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Crypto Week in Review: It’s Beginning to Look Like Altcoin Season

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Each Sunday, we breakdown the most important crypto market news the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week: Coinbase Custody launches staking support for Tezos, MakerDAO governance to follow Coinbase announced Tezos (XTZ) baking for Coinbase Custody clients. This was […]
SludgeFeed

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Rekt: API Reveals Binance May Soon Add Altcoin Margin Trading

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According to a recent Reddit post that references changes to the exchange’s API, Binance, the world’s largest crypto exchange, may soon introduce margin trading. In the post on r/cryptocurrency, enriquejr99 noted that an update to Binance’s API added the following two booleans: isSpotTradingAllowed and isMarginTradingAllowed. “This change has not been reflected on the documentation,” reads […]
SludgeFeed

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Altcoin to Watch: Digitex Futures (DGTX)

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One of the more interesting projects to keep an eye on in 2019 is the upcoming Digitex Futures Exchange — a zero-fee, non-custodial futures exchange with its own base currency, DGTX. The platform is currently in early beta, with a full public release scheduled for Q2 2019… You must be a subscriber to continue reading […]
SludgeFeed

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Micro-Cap Altcoin to Follow: Beam (BEAM)

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Few cryptocurrencies have made as big of a splash in 2019 as micro-cap privacy coin, Beam (BEAM), which is currently only valued at $ 8 million in total market cap. The First Mimblewimble Coin Beam first gained mainstream crypto attention after becoming the first Mimblewimble privacy coin to launch, making its debut in early January. The technology behind the coin, […]
SludgeFeed

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Micro-Cap Altcoin to Watch: Switcheo (SWTH)

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2019 is setting up to be a year of decentralized exchange launches. While all eyes are clearly on the upcoming release of the DEX attached to the Binance Chain (BNB), there is one lesser-known project that is worth watching this year. Switcheo, a decentralized exchange built on NEO (NEO), is unique in that it isn’t […]
SludgeFeed

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Top-100 Altcoin to Watch: Theta Token (THETA)

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  Theta Token (THETA) is set to have a big Spring with the upcoming launch of the network’s mainnet and new mobile wallet. But, before we jump into the details of what’s planned for the next few months, it’s important to understand a little more background on Theta Network. Under the Hood In short, Theta is […]
SludgeFeed

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Micro-Cap Altcoin to Monitor: OAX (OAX)

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OAX (OAX), a decentralized exchange platform, is currently only valued at $ 3.1 million but recent technical developments have flagged the micro-cap altcoin as one to watch. You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members […]
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Bitcoin Had a Fairer Launch Than Any Altcoin

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What constitutes a fair coin launch? It’s a question that has had some of the brightest minds and brashest projects in the space debating the best way to kickstart a cryptocurrency. Every crypto, Bitcoin included, has attracted criticism over a distribution schedule that favored early adopters. To date, no other coin has come close to matching the egalitarianism of Bitcoin’s launch.

Also read: These Payment Gateways Will Enable Your Business to Accept Cryptocurrency  Read more...

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This Small-Cap Altcoin Plans to Start Burning Tokens to Increase Scarcity

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Token burns, much like stock buybacks in traditional markets, decrease the outstanding supply (shares), adding upward price pressure. That’s why savvy crypto investors should always be on the lookout for blockchain projects announcing token burning schedules. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed […]
SludgeFeed

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3 Major Altcoin Events to Keep an Eye on in February

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January proved to be a fairly uneventful month after several highly-anticipated events like the launch of Bakkt and Ethereum’s fork were delayed. However, February is looking like it could bring some excitement back to the market, so we decided to breakdown 3 events we’re keeping tabs on. To read this article you must be a […]
SludgeFeed

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Last Year’s Altcoin Army Have Become This Year’s Bitcoin Brigade

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Last Year’s Altcoin Army Have Become This Year’s Bitcoin Brigade

This time last year, altcoiners were jubilant at the soaring value of their respective cryptos, while gloating at BTC’s diminishing dominance. “Penny coins” such as Ripple, Iota, and Verge were rocketing, with fanboys decrying any media outlets that dared to “FUD” them. One year later, and most of those altcoiners have crawled back into the woodwork or returned to their first love – Bitcoin.

Also read: Over 900 Retailers Worldwide Now Accept Bitcoin Cash  Read more...

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