altcoins | ForkLog

ForkLog 15 28.11.2024

Ethereum Nears $3700 Amid Capital Shift from Bitcoin

On the night of November 28, Ethereum’s price rose above $3680, outpacing Bitcoin in growth rate. QCP Capital observed signs of capital flowing into altcoins, reports The Block. According to CoinGecko, over the past 24 hours, the leading cryptocurrency increased by 2.5%, while Ethereum rose by 5.1%, XRP by 7.6%, BNB by 5.1%, Cardano by […]

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ForkLog 10 16.11.2024

XRP Price Surpasses $1 for the First Time in Three Years

On Saturday, November 16, the price of XRP surpassed the psychological threshold of $1 for the first time since December 2021. Hourly chart of XRP/USDT on Binance. Data: TradingView. At the time of writing, XRP is trading at $1.02, having gained 83.8% over the past week. According to CoinGecko, the cryptocurrency’s market capitalization has reached […]

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ForkLog 9 05.11.2024

Bitcoin’s Path Out of Consolidation Hinges on US Election Outcome, Says Expert

The price of digital gold is unlikely to break out of consolidation until the uncertainty surrounding the US presidential election winner is resolved. On election night, the movement of the first cryptocurrency’s rate could be 3.5% in either direction. Without a new catalyst, altcoins are unlikely to emerge from “apathy.” Regardless of the outcome of […]

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ForkLog 9 04.11.2024

Analyst Predicts Altcoin Decline Before Surge

The “grand finale” for altcoins is nearing its end, suggesting a correction is imminent before a sharp rebound, according to crypto analyst and ITC Crypto founder Benjamin Cowen. It looks like the grand finale of the altcoin reckoning has finally arrived. The altcoin reckoning should be over by December 2024 (2nd week of January 2025 […]

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ForkLog 15 27.10.2024

Willy Woo Predicts Waning Altcoin Seasons

Altcoin seasons are likely to persist, much to the delight of speculators, yet the intensity of returns is expected to diminish as the cryptocurrency market matures. This perspective was shared by analyst Willy Woo. I haven’t talked about altcoins in years, I quit my interest in them after the “shit rolls downhill chart” mapping the […]

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ForkLog 10 25.10.2024

Hashkey Capital Predicts Altcoin Season Post-$80,000 Bitcoin

Merely surpassing Bitcoin’s current all-time high of around $74,000 is insufficient to kickstart an altcoin season, according to analysts at Hashkey Capital. Read our latest report — Why We Are Bullish on Altcoins to stay ahead?https://t.co/G8zkOwHtfx — HashKey Capital (@HashKey_Capital) October 25, 2024 Historically, market rallies beyond the leading cryptocurrency are linked to an increase […]

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ForkLog 8 09.10.2024

Bitwise Outlines Conditions for Bitcoin to Surpass $80,000 by Year-End

A Trump victory in the U.S. elections, a 50 basis point rate cut by the Fed with new stimuli from China, and a lack of major surprises in the industry are the conditions for bitcoin to rise above $80,000 by the end of the year, according to Bitwise, reports The Block. Matt Hougan, the company’s […]

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ForkLog 19 27.09.2024

Grayscale Identifies 20 Promising Cryptocurrencies for Year-End Growth

Analysts at Grayscale have updated their list of 20 digital assets poised to outperform the market in the fourth quarter. Following the latest rebalancing, experts added SUI, TAO, OP, HNT, CELO, and UMA to the “model portfolio.” Removed from the list were RENDER, MNT, RUNE, PENDLE, ILV, and RAY. Data: Grayscale. The analysts reviewed hundreds […]

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ForkLog 26 27.09.2024

Bitcoin Defies Seasonal Trends with a Stellar September

In September, the price of Bitcoin surged by over 10%, contrasting sharply with the typical average decline of 5.9% for this month, according to Bloomberg. Source: Bloomberg. The altcoin index rose by over 20% due to easing financial conditions amid a global wave of interest rate cuts by the Fed, ECB, and PBOC. On September […]

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ForkLog 9 16.09.2024

The Perilous Path of Altcoins: A Trader’s Perspective

For four months, the altcoin market has been gripped by fear and despondency. However, after the reaccumulation phase concludes, many will surge by “hundreds and thousands of percent,” while some will “perish,” trader Vladimir Cohen told ForkLog. The expert highlighted that the current cycle is characterized by an enormous number of tokens (over 2.5 million), […]

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ForkLog 15 13.09.2024

Key Support Levels for Bitcoin Identified by Experts

Currently, the most critical support levels for Bitcoin are at $52,000 and $46,000, according to a report by ARK Invest. The latter represents the average on-chain price, highlighted in red on the chart below. Data: ARK Invest. Experts noted that the leading cryptocurrency lacked the strength for a significant rebound after a nearly 9% drop […]

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ForkLog 9 04.09.2024

Arthur Hayes Predicts Bitcoin Correction to $50,000

The price of the leading cryptocurrency could correct to $50,000, with altcoins potentially depreciating even more. This forecast was presented by former BitMEX CEO Arthur Hayes. According to him, this scenario will remain relevant until the Federal Reserve’s meeting in September. The pressure factor will persist in the money market, where yields on reverse repo […]

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