altcoins | ForkLog

ForkLog 9 17.05.2024

MN Trading Founder Shifts from Bitcoin to Altcoins

Analyst and MN Trading founder Michaël van de Poppe explained his decision to sell all his accumulated Bitcoin and how he plans to utilise the proceeds. I’ve sold all my #Bitcoin Yes, I did. I didn’t lose my faith in Bitcoin, I’m not expecting Bitcoin to be topped out for this cycle. I’ve not become […]

AI translated

ForkLog 12 12.05.2024

Analysts Point to Signs of an Approaching Altcoin Season

The altcoin market is currently in a “disbelief stage,” which, if past cycles are any indication, will soon transition into an “explosive rally,” according to a trader known as Mikybull. #Altcoins market cap is currently at the disbelief stage, historically followed by an explosive rally. Historically, the marked-up consolidation has made huge gains (2016 &2020). […]

AI translated

ForkLog 7 08.05.2024

10x Research Highlights Token Unlock Concerns and Ethereum’s Weakness

Large token unlocks could negatively impact the altcoin market, according to 10x Research. Analysts noted Ethereum’s inability to surpass the leading cryptocurrency. The current bullish cycle in the cryptocurrency market may be shorter than previous ones and is unlikely to end with a major altcoin rally, according to analysts at 10x Research. Beware of Token […]

AI translated

ForkLog 5 06.05.2024

Analyst Declares End of Post-Halving ‘Danger Zone’

Rekt Capital believes Bitcoin has reached a local bottom at $57,000 and entered an accumulation phase. The expert also noted the growth of the altcoin sector and a trend reversal for DOGE. Trader and analyst Rekt Capital announced that the leading cryptocurrency has exited the post-halving ‘danger zone’ and entered a phase of re-accumulation. #BTC […]

AI translated

ForkLog 8 29.04.2024

Bitcoin ETF Interest Wanes, Fueling Crypto Fund Outflows

Outflows from cryptocurrency investment products amounted to $435 million from April 20 to 26. This negative trend continued for the third consecutive week, according to CoinShares. Data: CoinShares. While withdrawals from Grayscale’s GBTC are slowing down [a nine-week low of $440 million], we observe a weakening in inflows to “new” ETFs — inflows amounted to […]

AI translated

ForkLog 9 29.04.2024

Ethereum’s Transaction Fee Drop Signals Potential Altcoin Season

The reduction of transaction fees on the Ethereum network to a six-month low of $1.12 may indicate the onset of an altcoin season, according to Santiment. ? #Ethereum‘s average fee level has dipped to just $1.12 per network transaction, the lowest average cost in a day since October 18th. Traders historically move between sentimental cycles […]

AI translated

ForkLog 5 16.04.2024

Experts Discuss Halving’s Impact on Altcoins

Altcoins will respond differently to the reduction in rewards for Bitcoin miners, influenced by factors such as tokenomics, value proposition, and their overall contribution to decentralization. This was stated by several experts in a conversation with Cointelegraph. Preparing for the Event Historically, Bitcoin experiences exponential growth following a halving, which subsequently affects the entire cryptocurrency […]

AI translated

ForkLog 9 19.03.2024

Bitfinex Highlights Altcoin Strength and Ethereum Weakness

Analysts noted a decline in demand for bitcoin ETFs, coinciding with the fall of the leading cryptocurrency. Altcoins show resilience, while Ethereum demonstrates “disappointing dynamics.” The ongoing decline of Bitcoin since March 14th will test “institutional appetite,” potentially leading to a period of price redistribution across the broader crypto market, according to analysts from Bitfinex […]

AI translated

ForkLog 5 10.03.2024

Bitwise Attributes Altcoin Surge to ETF Inflows

Bitwise’s Chief Investment Officer, Matt Hougan, attributed the simultaneous rise of Bitcoin and altcoins to the influx of new funds into the crypto industry via ETFs. 2/ IMO the primary driver of alt season is a classic «wealth effect.» Crypto natives make money in bitcoin, feel rich, and then look for more speculative assets to […]

AI translated

ForkLog 8 04.03.2024

Experts See Meme Coin Rally as a Sign of an Approaching Altcoin Season

The dominance level of Bitcoin has reached a potential reversal area. The hype around meme coins signals an upcoming altcoin season, but ETF inflows from institutions may delay its start. The trigger for the start of the altcoin season will be Ethereum’s price breakthrough above $3500. The two- to three-digit weekly growth in meme coin […]

AI translated

ForkLog 7 01.03.2024

Astute Whale Nets $3.5 Million from PEPE, Invests in Altcoins

On February 29, an unidentified crypto investor sold all 1.97 trillion PEPE accumulated on Binance for $6.07 million, netting a profit of $3.49 million. This was highlighted by Lookonchain. A smart whale deposited all 1.97T $PEPE($6.07M) to #Binance and made a profit of $3.49M. Then he changed his position from $PEPE to $SHIB, withdrawing 75.9B […]

AI translated

ForkLog 10 20.02.2024

Experts Debate the Onset of Altcoin Season

While Bitcoin’s growth has slowed, Ethereum has nearly reached a two-year high at $3000. Many market participants predict the start of an altcoin season, though some remain cautious. As the second-largest cryptocurrency by market capitalization approached $3000, several industry analysts forecasted the onset of an altcoin season. Over the past week, Ethereum outperformed Bitcoin with […]

AI translated

#altcoins