Altcoin, short for Alternative Coin, refers to all cryptocurrencies other than Bitcoin. Bitcoin was the first cryptocurrency when it was introduced in 2009 and has remained the dominant cryptocurrency for many years. However, as the cryptocurrency ecosystem has expanded, developers have begun creating their own cryptocurrencies, often with different features, use cases, and underlying technologies compared to Bitcoin. These alternative cryptocurrencies have become known as altcoins.These altcoins can be distributed in a variety of ways, including but not limited to: Diversification of Investment PortfolioMany investors use altcoins to diversify their cryptocurrency portfolio. Holding a mix of different cryptocurrencies allows you…
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XRP price began a downward correction at the $0.7450 resistance. Bulls are now struggling to keep the price above the $0.5850 support. XRP began a new downtrend after failing to clear resistance at $0.7450. The price is currently trading below $0.650 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming at resistance $0.640 (data source from Kraken). A close above the $0.6650 resistance zone could trigger a new rally for the pair. XRP Price Trim Profit After a steady rise, XRP price struggled to rise above the…
Solana meme coins like Slerf have boosted on-chain activity in altcoin networks, with pre-sale projects racking up millions of dollars in SOL within hours. Solana (SOL) decentralized exchange (DEX) has surpassed Ethereum-based platforms like Uniswap and Binance Smart Chain-based solutions like Pancakeswap in trading volume over the past 24 hours amid the memecoin marathon. According to CoinGecko, Raydium, Jupiter, and Orca occupy the top three positions in daily trading activity across all indexed on-chain exchange venues. Raydium’s $2.2 billion, Jupiter’s $2.1 billion, and Orca’s $1.4 billion surpassed the $1.2 billion and $682 million recorded by Uniswap and Pancakeswap, respectively. DEX…
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Binance, one of the leading cryptocurrency exchanges, has announced a new promotion where users can earn rewards by subscribing to SOL or BNB locked products or staking ETH. Participants will have the opportunity to share a portion of 140,000 PIXEL as airdrop rewards and win an iPhone 15. The promotion runs from March 19, 2024 to March 31, 2024. Popular digital asset platform Binance has unveiled an exciting opportunity for users to earn rewards through its latest promotion. The promotion focuses on three main activities: SOL locked product subscription, BNB locked product subscription, and ETH staking. During the Promotion Period,…
In the whirlwind cryptocurrency market, FOMO (fear of missing out) is a reality. This is especially true when stories of incredible profits and missed opportunities spread within the community. One such story that captured the imagination and wallets of many was the Bonk (BONK) rally, a phenomenon that turned ordinary investors into the envy of the cryptocurrency world overnight. But as the dust settles on Bonk’s (BONK) historic run, a new competitor is gaining attention. Option2Trade(O2T), Priced at $0.0181, the AI-powered token is now being heralded by cryptocurrency influencers as the next big opportunity for those looking to replicate the…
Galaxy Wealth Management Celebrates Major Milestone Amidst Cryptocurrency PassionGalaxy Asset Management (GAM), a subsidiary of Mike Novogratz’s Galaxy Digital, is striking evidence of the burgeoning interest in digital assets. presentation Key Accomplishments: Assets under management (AUM) exceeded $10 billion. This milestone highlights the growing institutional appeal of the cryptocurrency sector and marks a pivotal moment in the investment firm’s journey to foster accessibility to the digital economy.Galaxy Asset Management has solidified its position as a global leader in the digital asset management field by surpassing $10 billion in assets under management for the first time in history. We are proud…
Posted 1 minute ago In ~ Financial giant Fidelity has modified its spot Ether ETF application to include a cryptocurrency staking provision. “Under the Registration Statement, Sponsor may from time to time stake a portion of the Fund’s assets through one or more trusted staking providers, which may include affiliates of the Sponsor (‘Staking Providers’),” the company wrote. “In return for any staking activity in which the Fund may engage, the Fund will receive certain network rewards in Ether tokens, which may be treated as income to the Fund as compensation for services rendered,” the amendment to the March 18…
A widely respected cryptocurrency analyst is predicting a massive rally for Ethereum (ETH) rivals, updating his predictions for Cardano (ADA) and Polygon (MATIC). Cryptocurrency strategist Ali Martinez says 53,500 followers on social media platform In late February, Martinez correctly predicted that FTM would surge to around $0.87. FTM is trading at $0.873 at the time of writing, up 4.5% on the day. On February 28, FTM was trading at $0.464. Moving to Cardano (Martinez), another competitor to Ethereum Called If it continues on a trajectory that reflects the same pattern seen between 2018 and 2021, it could eventually surge to…
On March 14, 2024, El Salvador’s President-elect Nayib Bukele unveiled a historically bold maneuver that reverberated throughout the Bitcoin world. El Salvador has confirmed that it has moved a significant portion of its Bitcoin holdings into cold storage., will be stored safely within a vault at the border. This strategic decision marks a pivotal turning point in El Salvador’s Bitcoin journey following the introduction of Bitcoin law and has drawn both praise and skepticism globally.Amid criticism ranging from claims of human rights abuses to inadequate modern infrastructure, El Salvador has taken a committed stance, weathering a storm of criticism from…