Home Cryptocurrency Altcoins soar while Bitcoin and Ethereum price stall near key levels

Altcoins soar while Bitcoin and Ethereum price stall near key levels

by Gordon James

Altcoin prices continued to surge on September 5, with the majority of top cryptocurrencies posting notable gains during the 24-hour period. The nine best-performing altcoins during that time period were Binance Coin, Bitcoin Cash, Bitcoin SV, Dash, Decred, Enjin, EOS, Litecoin, and Monero (in that order).

Although it’s only mid-October, we’ve seen some big price moves in the cryptocurrency market. Most cryptocurrencies have gained between 10 to 50 percent in the past 10 days. This is in stark contrast to the big players, Bitcoin and Ethereum, which are unchanged from their early September levels. (Bitcoin is up about 3% since then, Ethereum down about 1%, and the rest of the market up about 45%.)

The altcoin market is booming, with dozens of alternative cryptocurrencies rapidly gaining value as investors look for options to the market’s two biggest names, Bitcoin and Ethereum. These “small cap” cryptocurrencies are poised to make waves in 2018, as their combined market cap rises rapidly. Three of the most promising are listed below.. Read more about ethereum price prediction and let us know what you think.

On the 26th. May, the bullish momentum that led bitcoin and altcoins to a relief rally has ebbed somewhat, with traders remaining uncertain about what might happen next. After bitcoin bulls tried to push the price (BTC) above the $40,000 level in the early morning and encountered fierce resistance, the digital asset lost momentum and fell back to the $38,000 support level. 4 hour chart BTC/USDT. Source: TradingView Despite the current difficulties, there are some positive signs, such as the drop in deposits on the BTC exchange and the rise in the number of addresses accumulating bitcoins, suggesting that the bears have stopped selling and that the worst of the downturn may be over. Earlier in the day, Ether (ETH) also approached $3,000, but a drop in the price of BTC sent the leading altcoin below $2,800.

Polygon at the top of thealtcoins rankings

While most cryptocurrencies are well below their recent highs, the price of Polygon (MATIC) has reversed the trend and is on its way to a sharp V-shaped recovery. The altcoin soared today as the project announced the launch of its SDK stack, which allows developers to easily implement their own Ethereum-connected blockchains. Chart 4 hoursMATIC/USDT. Source: TradingView Altcoins soar while Bitcoin and Ethereum price stall near key levels Since May 25, MATIC’s share price has increased 50% from a low of $1.51 to a high of $2.44 on May 26. May increase. According to Cointelegraph Markets Pro, market conditions have been favorable for MATIC for some time. Cointelegraph’s proprietary VORTECS™ assessment is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity. VORTECS™ score (green) compared to the MATIC price. Source: Cointelegraph Markets Pro Altcoins soar while Bitcoin and Ethereum price stall near key levels As you can see in the chart above, the VORTECS™ score for MATIC was in the green for most of the past week, peaking on the 25th. May peaked several times at 94, about seven hours before the price jumped 50% the next day. Other notable altcoins include an 89% increase for SKALE Network (SKL) and a 67% rally for Enjin Coin (ENJ). The original protocol also increased by 53%. Daily indicators for the crypto-currency market. Source: Coin360 Altcoins soar while Bitcoin and Ethereum price stall near key levels The total capitalization of the cryptocurrency market is now $1.7 trillion and bitcoin’s share is 42.5%. The views and opinions expressed herein are those of the author and do not necessarily reflect those of Cointelegraph.com. Every investment and every transaction involves risk. So you need to do your own research before making a decision.For the first time since Bitcoin reached its all-time high in December, the cryptocurrency markets have begun to retrace a significant amount of that explosive growth. As of this morning, the entire Ethereum (ETH) market has gained 15 percent, while the greater cryptocurrency market has gained 11 percent. For those who may have missed the boom in 2017, it is important to understand the factors that have driven the price of these alternative cryptocurrencies; it is also important to understand how these factors may play out in the future. Last year, the rise of the initial coin offering (ICO) was the main reason for the big price increases. (ICOs are a method by which startups can crowdfund their projects on the blockchain, allowing them to raise money quickly and. Read more about ethereum price usd and let us know what you think.

Frequently Asked Questions

Do Altcoins go up when Bitcoin goes up?

It’s been a pretty good year for altcoins. Not only did major cryptocurrencies like Bitcoin and Ethereum experience some dramatic price rises, but the “altcoin run” gave birth to dozens of new crypto assets that soared into the top 20 of cryptocurrencies by market cap. But when we look at how that rally affected the market’s biggest coins, we see a different picture: Bitcoin almost doubled its value, but altcoins actually lost ground. What does this mean? Is there room for altcoins to grow? Final Blogpost: Now that you’ve written the introduction, the rest of the blogpost is yours to write. You can write it in your own voice, or if you’d like, you can try The price of digital currencies, especially bitcoin, has been declining for the better part of the year. But some experts are predicting the end of a bear market for the blockchain networks that support cryptocurrencies. Bitcoin and Ethereum, which are the two largest cryptocurrencies by market cap, will need to start moving up for the altcoins that have soared in value over the past year to come back down to earth. In this post, I’ll walk you through the key levels for Bitcoin and Ethereum and explain how to trade two of the most popular altcoins, Ripple and Litecoin, if the major coins start to rally again.

How does Bitcoin price affect Altcoins?

The cryptocurrency markets have been very volatile over the past week, with Bitcoin and Ethereum trading in a tight range for over two weeks. This lack of volatility has caused many traders to speculate on the reasons for the stalemate. Some have speculated that the price of bitcoin has stalled due to the high fees associated with moving bitcoin. Others claim that the lack of volatility is due to the market uncertainty surrounding the upcoming SegWit2x fork, which would double the block size for bitcoin. While the price of Bitcoin and Ethereum continues to hover around $1,000 and $300, respectively, the price of alternative cryptocurrencies, or altcoins, is soaring. One “altcoin” is Dogecoin, a digital currency that began as a joke but quickly gained a loyal following, especially among those who appreciate Doge memes. In recent months, however, the price of Dogecoin has risen sharply.

Will ethereum outperform Bitcoin?

As the market value of the digital currency ethereum passed that of its digital currency rival bitcoin for the first time last month, the price of ethereum has been steadily trending upward, while the Bitcoin price has been relatively stagnant for the last few months and even declined earlier this week. This has led many digital currency investors to speculate that the price of ethereum will continue to climb, potentially overtaking the bitcoin price once again in the near future. But just how realistic is this? As the world’s largest cryptocurrency by market cap, Bitcoin is also the most popular altcoin, with a vast ecosystem of third-party services and products supporting its infrastructure. However, Ethereum has staked a claim as the world’s second-largest cryptocurrency by developing its blockchain as a platform for applications, with the ERC20 token standard supporting the development of a wide variety of decentralized applications. While Bitcoin does not have the same level of applications, Ethereum’s applications are likely to grow as companies like Consensys (which develops and supports a wide variety of Ethereum applications) and Ripple continue to develop the cryptocurrency.

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