Altcoin Watch news-Page 17
Aave v3 launch triggers 50% rally from long-term descending channel pattern
The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year's fast risers have faded into obscurity but this does not mean the formerly "famous" protocols have not continued to build. One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity protocol that allows users to lend, borrow or stake their assets to earn yield from their holdings. Data from Cointelegraph Markets Pro and TradingView shows that the price of AAVE has rallied 110% from a low of $114 on March 15 to a daily high at …
Markets / March 30, 2022
Gnosis (GNO) price rallies 50%+ after CowSwap users claim COW airdrop
This week Gnosis (GNO) price notched a swift 50%+ rally after the project took another step forward in its transition to the Coincidence of Wants Procotol, or CoW, an interface that offers traders protection from miner extracted value (MEV). Data from Cointelegraph Markets Pro and TradingView shows that the price of GNO has gained 86% over the past seven days, rising from a low of $308 on March 21 to an intraday high at $574 on March 28. Three reasons for the rapid price increase for GNO include the release of the CowSwap (COW) token which was airdropped to Gnosis …
Markets / March 29, 2022
What are the best altcoins you can buy for under $3? | Find out now on The Market Report
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best altcoins to buy for under $3. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they discuss the best altcoins to buy for under $3. First up, we have Bourgi with his first pick of …
Decentralization / March 29, 2022
Nearly $13.75M liquidated as WAVES rallies 70% in a day — what's next?
WAVES price surged by up to 70% on March 29, reaching a new all-time high around $54. Traders betting against the rise of Waves — the native token of the WAVES blockchain network — suffered losses worth millions of dollars as the WAVES/USD pair extended its recovery to a record level in the past 24 hours. The price rebound, which started on Feb. 22 when WAVES price was at $8.25 caused around $13.75 million worth of liquidations due to crypto-based futures on a 24-hour adjusted timeframe, data from Coinglass shows. Around $11 million of the total liquidated positions were short. …
Markets / March 29, 2022
Terra LUNA hits new all-time high after 100% rebound from 2022 lows — Correction ahead?
Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard's (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets. LUNA price hits new record high above $106 LUNA's price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest price rally pushed Terra token's net capitalization crossed $37.17 billion, now making up 1.76% of the entire crypto market, compared …
Markets / March 29, 2022
Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0
"Stargate Finance" has been trending on Twitter for the past week and while it's too early to call for a full blown DeFi bull market, traders have been shoveling funds into the project which claims to be a “composable omni-chain native asset bridge.” Data from Cointelegraph Markets Pro and TradingView shows STG was listed on exchanges on March 17 and its price has climbed 438% from a low of $0.665 to a high of $3.58 on March 25. Here’s a look at some of the developments with the protocol that have attracted DeFi users and boosted the price of STG …
Markets / March 28, 2022
Ethereum risks 'double-bust' drop despite ETH price rebounding 30% in two weeks
It took Ethereum's native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022. ETH price breaks out but risks remain ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date low of around $2,160, established Jan. 24. In doing so, the ETH/USD pair may have also "busted" what earlier appeared to be a bearish continuation setup, called the "symmetrical triangle." "Busted patterns (when the breakout is in one direction only to see price reverse and …
Markets / March 28, 2022
Here is how studying tokens’ price history helps patient traders enjoy consistent average gains.
Whether you consider cryptocurrency trading as art, science or a game of skill, one thing is beyond dispute: Those who excel at it are not the traders who maintain the longest series of lucky one-offs but those who establish sustainable trading processes yielding consistent returns. Ask a sample of seasoned pros if they would prefer to catch one obscure token’s 300%-in-a-day brush with fame or learn a strategy that systematically generates a 3% return on investment. You will be surprised how many of them (likely close to 100% of the sample) prefer modest yet systematic profits. How does one make …
Markets / March 27, 2022
Dogecoin signals bottoming out as DOGE rebounds 30% in two weeks — What's next?
A brutal correction witnessed in the Dogecoin (DOGE) market between May 2021 and February 2022, which saw the price dropping by almost 85%, appears to have come to a halt this month. DOGE/USD rebounds 30% in two weeks DOGE experienced strong dip-buying when its price crashed to levels around $0.10 two weeks ago, resulting in a 30% rebound move to $0.14 as of March 27. Meanwhile, the coin's upside retracement originated at a support level that constitutes a "falling wedge" setup, signaling an extended bullish reversal in the weekly sessions ahead. In detail, a falling wedge pattern occurs when the …
Bitcoin Price / March 27, 2022
Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration
Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem. Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The layer-two (L2) scaling solution utilizes zk-Rollups to provide fast, low-cost transactions and the project has been gaining traction throughout the month of March. Data from Cointelegraph Markets Pro and TradingView shows that the price of LRC gained 57% between March 21 and March 23 as its …
Nft / March 26, 2022
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What's next?
Cardano (ADA) inched higher on March 25, putting itself on course recoup a great portion of losses that it had incurred in the first two months of this year. Not so bullish yet ADA's price jumped by around 7.5% in trading Friday, reaching $1.19 over a month after bottoming out at around $0.75. The Cardano token's huge rebound move netted around 60% in gains. Nonetheless, it remained at the risk of losing its upside momentum in the coming weeks. At the core of this bearish analogy is a multi-month descending channel pattern, with a reliable track record of causing and …
Markets / March 25, 2022
Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch
Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities of what P2E had to offer and it is continuing to lead the way in 2022 as the protocol prepares for its next major launch. Data from Cointelegraph Markets Pro and TradingView shows that the price of AXS increased 56.5% over the past ten days …
Adoption / March 24, 2022