Top US crypto exchange Coinbase has given support for two Ethereum (ETH)-based altcoin projects as markets continue to consolidate. In an announcement via Twitter, Coinbase says it will be adding support for Aragon (ANT) and Rocket Pool (RPL) on the Ethereum network on December 8th when sufficient liquidity levels are achieved. With a market cap […]
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An Ethereum (ETH)-based altcoin project has quietly outperformed the markets with a parabolic rally following a nod of approval from top US crypto exchange Coinbase. Coinbase says Magic (MAGIC) is now on its listing roadmap, which the exchange created as a way to promote transparency and prevent insider trading on its listings. MAGIC is the […]
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Top US-based crypto exchange platform Coinbase is adding three additional under-the-radar altcoins to its listing roadmap. Coinbase announces that Magic (MAGIC), Rocket Pool (RPL) and Aragon (ANT) are now on its roadmap. MAGIC is the token used to operate Treasure, a decentralized video game console. The 235th-ranked crypto asset by market cap is trading at […]
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The crypto analytics firm Santiment is breaking down why one decentralized exchange (DEX) altcoin took off amid the broader crypto downturn. The governance token of the dYdX (DYDX) DEX hit a low of $1.19 on November 9th and a high of $2.78 on 14th November, a 133% increase. The 102nd-ranked crypto asset by market cap […]
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Crypto whales are acquiring three altcoins at a rapid rate while unloading three others, according to Santiment. The crypto analytics firm notes that the number of addresses holding between 100,000 and 10 million Sushi (SUSHI) makes this group of whales owners of close to half of the asset’s total supply. SUSHI is the governance token […]
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FARM, QUICK and ANT offer crypto traders shelter from the storm as the wider market takes a hit with Bitcoin struggling below $48,500.
The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses.
In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the storm, with several tokens seeing gains in excess of 30%.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT).
Harvest Finance is a DeFi protocol designed to automatically farm the highest yields available from across the ecosystem and optimize the yields users receive through implementing the latest farming techniques.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FARM on Dec. 25, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for FARM climbed into the green zone on Dec. 25 and reached a high of 75 around two hours before the price increased 207% over the next three days.
The boost in the price of FARM comes as the project continues to move towards full decentralization including the ability for community members, known as “builders,” to deploy new farming strategies and update the user interface as needed.
QucikSwap is a decentralized exchange and automated market maker that operates on the Polygon network.
Data from Cointelegraph Markets Pro and TradingView shows that after trading at a low of $235 on Dec. 22, the price of QUICK catapulted 143% to reach a daily high at $570.50 on Dec. 28 as its 24-hour trading volume spiked 1,240% to $166.6 million.
The sudden surge in QUICK price followed the release of a relay chain between the Harmony (ONE) protocol and Polygon, which allowed for the creation of a MATIC/ONE liquidity provider pool on QuickSwap.
Related: Ethereum whales dumping ETH as price slides below $4K, data shows
Aragon is a protocol on the Ethereum (ETH) network that supports the creation of decentralized autonomous organizations (DAOs) as a way to help develop governance structures that encourage community engagement.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ANT on Dec. 25, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for ANT began to pick up on Dec. 25 and reached a high of 73 around 45 hours before its price increased 55% over the next day.
The price appreciation for ANT comes as the concept of Web 3.0 has been gaining momentum heading into 2022, which has helped the team at Aragon make strides towards its goal of supporting "organizational forms that defend self-sovereignty."
The overall cryptocurrency market cap now stands at $2.276 trillion and Bitcoin’s dominance rate is 40.2%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
OMI, ANT and RAMP booked 20% gains after Bitcoin and the wider crypto sector reacted positively to today’s Federal Reserve announcements.
Cryptocurrency prices and investor sentiment reversed course on Dec. 15 after Federal Reserve chairman Jerome Powell confirmed the bank's plan to hike interest rates in 2022 and slow down the bond purchasing program that had been in play since the emergence of the coronavirus in March 2020.
Following the announcement, Bitcoin (BTC) price tacked on a 1.65% gain, bringing the price above $49,000 and Ether trekked back above the $4,000 mark. Altcoins followed suit with their usual double-digit gains and for the moment, it appears as if bulls have taken back control of the market.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were ECOMI (OMI), Aragon (ANT) and RAMP.
ECOMI is a technology company focused on building a blockchain-based digital collectibles marketplace where users can buy and share nonfungible tokens (NFTs) across the social network service using the project's native OMI token as a medium of exchange.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for OMI on Dec. 1, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for OMI climbed into the green zone and reached a high of 81 on Dec. 1, around 96 hours before the price began to increase 39% over the next ten days.
The building momentum for OMI comes as the ECOMI ecosystem migrates to Immutable, an Ethereum (ETH) scaling solution specifically designed for NFT projects.
Aragon Ethereum network-based protocol that supports decentralized autonomous organizations (DAOs) developing governance structures to encourage community engagement.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ANT on Dec. 12, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for ANT began to pick up on Dec. 12 and reached a high of 70 around two hours before the price began to increase 60% over the next two days.
The rally in ANT price is taking place at the same time as a DAO global hackathon aims to attract developers to the Aragon ecosystem and there are rumors that the DAOpunks NFT project conduct an airdrop to ANT holders.
Related: Bitcoin sheds ‘dumb money’ as retail buys most BTC since March 2020 crash
RAMP is a multi-chain decentralized finance (DeFi) protocol that helps investors become more capital efficient.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.179 on Dec. 14, the price of RAMP spiked 52.56% to a daily high at $0.274 on Dec. 15 as its 24-hour trading volume surged 800% to $54.2 million.
The price spike for RAMP came after the launch of a liquidity mining incentive program resulted in a sharp uptick in the total value locked in the protocol. Currently there is $63.3 million invested across Ethereum, Polygon and Binance Smart Chain.
The overall cryptocurrency market cap now stands at $2.126 trillion and Bitcoin’s dominance rate is 41.7%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Bitcoin bull Tim Draper is naming two altcoins in the crypto markets that he’s keeping an eye on due to their strong fundamentals and unique use cases. In a new interview on Bloomberg Markets, the billionaire venture capitalist says that open-source programmable blockchain Tezos (XTZ) has the things that he wants to see in a […]
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PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000.
Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000.
The positive price action hasn’t been limited to the top two market leaders. Many altcoins continue to rally and the 'altseason' indicator from Cointelegraph Markets Pro is signaling that the momentum could continue for a while longer.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Presearch (PRE), Aragon (ANT) and IOTA (MIOTA).
The top performer of the day is Presearch, a blockchain-based, decentralized search engine that is community-driven and allows users to search privately and earn rewards for their activity.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on Sept. 1, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for PRE began to rise as the price of PRE started to increase, and reached a high of 73 on Sept. 1, around one hour before its price increased 245% over the next day.
The boost in momentum and price for the project came after the project announced that the Presearch Android application will be added to the 'choice screen' on factory reset phones and it will be available as a default search option on Chrome.
Aragon is an Ethereum network-based protocol that focuses on the creation of decentralized autonomous organizations (DAO) as a way to help projects develop governance structures so that their communities can get involved with the development of the protocol.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ANT on Sept. 1, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for ANT climbed into the green zone on Aug. 31 and reached a high of 71 on Sept. 1, just two hours before its price began to surge by 77% over the next day.
The sudden spike in interest for ANT came following the Sept. 2 announcement that Aragon had partnered with Polygon to help make the process of launching DAOs on the Aragon network more cost-effective.
Related: Bitcoin bull run sparks $180K BTC price prediction ahead of institutional ‘fireworks’
IOTA is a distributed ledger protocol that utilizes a proprietary technology called Tangle to perform consensus and confirm transactions.
Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $0.96 on Sept. 1, the price of MIOTA spiked 55% to an intraday high at $1.50 on Sep. 2 as its 24-hour trading volume surged 234% to $681 million.
The sudden surge in interest for the project comes after the protocol integrated the Hornet update, which brought back the auto-peering feature and also integrated a faucet plugin with the Hornet node. This makes the process of running a private 'Tangle' easier.
The overall cryptocurrency market cap now stands at $2.214 trillion and Bitcoin’s dominance rate is 41.9%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400.
On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400.
The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin's loss of bullish momentum, several derivatives indicators, including a bullish futures premium and a neutral skew, suggest that the price may not drop below $50,000.
While technical indicators paint a mixed picture of Bitcoin's short-term price action, the asset retains strong fundamentals today media reported that sovereign wealth funds have begun inquiring about opening positions in BTC. This points to growing global adoption for BTC and the cryptocurrency sector as a whole as new Ether (ETH) trusts are also being established to serve institutional investors.
Glassnode co-founder and CTO Rafael Schultze-Kraft recently highlighted a possible dip lower based on low realized price distribution between $51,100 and $54,000.
Not much #Bitcoin realized between here and $51k. Would not be surprised if we dipped a bit more.
— Rafael Schultze-Kraft (@n3ocortex) March 22, 2021
Strongest on-chain support currently at $47,400.https://t.co/3GFPTQPp6F pic.twitter.com/NLBQvEIGfB
In a follow-up tweet after Thursday’s drop, Schultze-Kraft reaffirmed that the dip was “not unexpected” and in his view, the overall outlook remains bullish.
Schultze-Kraft said:
“Structurally, nothing has changed. I have yet to see a data point that points long-term bearish.”
Further evidence of a possible turnaround in the near-term can be found when looking at Bitcoin’s liquid supply change, which decreased by the largest amount in more than 6 months.
This suggests that a large number of BTC have been pulled out of the circulating supply and deposited into longer-term storage wallets as bulls prepare for the price to trend higher.
A majority of the altcoins were hit hard by the Bitcoin sell-off as traders across the market exited positions in an attempt to hold on to their recent gains.
The one stand-out among altcoins is Aragon (ANT), whose recent pivot toward DeFi and nonfungible tokens has helped to spark a 50% rally to $13.56.
Holochain (HOT) and Balancer (BAL) have also managed to put up a positive gain of 5.2% and 6.4% respectively.
The overall cryptocurrency market cap now stands at $1.62 trillion and Bitcoin’s dominance rate is 59.4%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
