Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market. Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving altcoins an opportunity to step forward. As shown in the chart below, the total market capitalization of the altcoin market has risen 80% since July 20. Meanwhile, the Bitcoin dominance rate is down …

The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingered below $46,000 and bulls regrouped to plan their next attempt to push the price higher. Despite the struggles faced by many of the top cryptocurrencies, several altcoins were buoyed by positive developments, and Cointelegraph Markets Pro's top market gainers index shows many producing double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Audius (AUDIO), Raydium (RAY) and Helium (HNT). Audius partners with TikTok The top-performing coin over the past 24 …

Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Solana (SOL), Presearch (PRE) and Arweave (AR). SOL hits a new all-time high In the past 24 hours, SOL price soared to hit a new high $69.13 as excitement for the protocol’s new Mango Markets decentralized exchange (DEX) helped to increase demand for SOL. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish …

Solana blockchain’s native asset, SOL, soared to a new record high on Monday. The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango Markets. Solana ecosystem upgrades Mango offers a platform for spot markets, lending and perpetual futures. It sources liquidity from its native pools and Serum, another Solana blockchain-based exchange, which is backed by billionaire Sam Bankman-Fried’s FTX. The working model is very similar to other successful, Ethereum-based decentralized exchanges such as …

As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of "one chain to rule them all" and the general ideology of blockchain maximalism is beginning to fall to the wayside, and the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as a whole and develop the future of the open internet is Gitcoin (GTC), a community of builders, creators and protocols. Data from Cointelegraph Markets Pro and TradingView shows that the price of GTC has swelled 103% from a …

The nonfungible token, or NFT, sector took the world by storm in 2021 as crypto and corporate sector influencers, globally recognized companies and popular sports teams embraced the growing digital collectible trend. After a brief sector-wide pullback which coincided with the market-wide declines seen at the beginning of May, the NFT sector roared back to life as collectibles like CryptoPunks, Pudgy Penguins and Bored Ape Yacht Club (BAYC) have been selling for record-breaking prices. One project that has benefitted from the recent bull market in the NFT sector is Aavegotchi (GHST), a decentralized finance- (DeFi)-focused NFT ecosystem that runs on …

Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parallel chains or parachains. Each application-specific chain built within Polkadot uses the Substrate modular framework, and this is meant to ease the development process. The project has been at the center of developers' and investors' attention for most of 2021, but the sharp market-wide correction on May 19 dealt a heavy blow to the DOT price, and the team has been relatively quiet for the past two months. On July 22, Karura Swap, the first decentralized exchange (DEX) in the Polkadot ecosystem, was launched. The project was created by …

PSG, a fan token launched by Paris Saint-Germain, resumed its uptrend on Thursday after Argentinian football superstar Lionel Messi confirmed that he was joining the French football club. The PSG/USD pair jumped by 10.57% to hit an intraday high of $41.90. The pair’s latest upside move followed an almost 40% bearish correction from its all-time high of $61.53 achieved on Tuesday amid speculation that Messi would sign a multi-year contract with Paris Saint-Germain. “Paris Saint-Germain is a possibility, yes,” Messi stated during his emotional farewell address after ending his 19-year stint at FC Barcelona on Sunday. However, he added that …

This week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20. While the fresh bullish momentum attracted the attention of investors, Bitcoin's (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the market. Not every altcoin performed similarly, and only 14 of the top 100 from CoinMarketCap outperformed Bitcoin by 3% or more. ICP, RVN, VGX and EGLD followed Bitcoin's 40% rally Internet Computer (ICP) announced on July 30 that within two weeks of its launch, the Fleek application …

Among the more than 11,000 listed cryptocurrencies are a few projects that are revolutionary use cases capable of improving the way that society operates through the integration of blockchain technology. One such project is Helium, a decentralized peer-to-peer 5G wireless network that made headlines on Aug. 10, thanks to the successful completion of a token sale that raised $111 million from multiple investors, including Andreessen Horowitz. Data from Cointelegraph Markets Pro and TradingView shows that the price of HNT spiked 30% from a low of $14.03 to an intraday high at $18.14 following the fundraising announcement. There are three reasons …

Cardano (ADA) has been in the spotlight lately partially because of its early 2021 price performance and the fact that its huge fan base has been anxiously awaiting the launch of the network’s smart contract capability in the upcoming Alonzo upgrade. While the rise of decentralized finance (DeFi) took place and the total value locked in DeFi applications soared above $76 billion, Cardano investors have been waiting for nearly four years for the project to deliver on all its promises. Traders are now trying to determine whether the 50% rally since July 21 was backed by positive expectations or fundamentals. …

Momentum in the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin (BTC) price to $46,700 and Ether (ETH) price to $3,150 on Aug. 9. The growing optimism has also translated into a bounce in dog-themed memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have both seen their prices rise by more than 55% over the past three weeks. Dog-themed meme coins caught fire earlier in the year after Dogecoin became the altcoin of choice for influencers like Elon Musk and Mark Cuban. Ethereum co-founder Vitalik Buterin further rocked the boat on May …