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Altcoin for Dummies

Crypto Analyst Warns Altcoins Could Crash by Up to 60% More – Here’s the Timeline

Crypto Analyst Warns Altcoins Could Crash by Up to 60% More – Here’s the Timeline

Popular crypto analyst Jason Pizzino predicts further losses for the altcoins market even after its valuation already plunged from a peak of over $900 billion in late 2021 to around $200 billion currently. In a new video, Pizzino tells his 276,000 YouTube subscribers that the current $221 billion market cap of crypto assets, excluding Bitcoin …

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Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

QUICK TAKE GBTC is trading at a discount of -35.26% as of Friday. The latest low comes four months after its previous all-time low of 34%. Grayscale is in the process of suing the SEC after its application to convert to a spot bitcoin ETF was rejected in June. The Grayscale Bitcoin Trust (GBTC), which …

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Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Being long on the bitcoin price is a sounder strategy today than being long on the British Pound as the currency touches historic lows against the US dollar. Unfortunately for Brits, this is not a trading decision because if you get paid in GBP you are long sterling. Should Brits get paid in BTC? Bitcoin price outlook …

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ENS: Why there’s more to the story than a hike in .eth domain name registrations

ENS: Why there’s more to the story than a hike in .eth domain name registrations

According to Dune Analytics, Ethereum Name Service (ENS) has recorded a spike in registrations so far this month. Here, it’s worth pointing out that this uptick comes on the back of tremendous growth logged across the month of August.   The reasons behind the same are not far-fetched by any means though. Since ENS domain name purchases are …

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CoinFlex creditors overwhelmingly back restructuring plan in early voting

CoinFlex creditors overwhelmingly back restructuring plan in early voting

QUICK TAKE CoinFlex’s creditors have overwhelmingly backed the crypto exchange’s restructuring plans in the early hours of voting on the proposals. The company plans to turn over 65% of its equity to creditors and vest 15% to employees. CoinFlex’s creditors have overwhelmingly backed the Seychelles-based crypto exchange’s restructuring plans in the early hours of voting on the …

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Nakamoto almost opted to name Bitcoin as Netcoin, domain data reveals

Nakamoto almost opted to name Bitcoin as Netcoin, domain data reveals

It has emerged that Satoshi Nakamoto, the anonymous founder of Bitcoin (BTC), might have had a different idea regarding assigning the name to the flagship cryptocurrency. In particular, historical domain registration data shows that Bitcoin.org, the website linked to the original Bitcoin, registered on August 18, 2008, could have been named Netcoin.org. Interestingly, Netcoin.org was registered …

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Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

The creator of Ethereum (ETH) challenger Cardano (ADA) says that he’s identified the catalyst that would end the crypto winter and spark a massive industry-wide rally. In a new interview with Cheeky Crypto, Charles Hoskinson, creator of the smart contract platform, says that if the US government were to pass the Financial Innovation Act, the crypto markets …

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Shiba Inu adds over 35,000 holders in 3 months despite poor SHIB price performance

Shiba Inu adds over 35,000 holders in 3 months despite poor SHIB price performance

The ongoing crypto market volatility has significantly impacted meme coins like Shiba Inu (SHIB), which recorded unprecedented growth in 2021. Despite the depressed markets, a section of SHIB investors are potentially betting on the asset to rally by increasingly accumulating the coin ignoring the current market conditions. In particular, as of September 23, SHIB had 1,226,030 holding …

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Tether’s USDT stablecoin goes live on Polkadot

Tether’s USDT stablecoin goes live on Polkadot

QUICK TAKE Tether has launched its stablecoin natively on the Polkadot ecosystem. USDT is the largest U.S. dollar-based stablecoin by market capitalization. Tether Limited has launched its USD Tether (USDT) stablecoin on Polkadot, an interoperable network connecting several proof-of-stake blockchains. Tether announced on Friday that the stablecoin was now natively available on Polkadot. USDT is the largest U.S. dollar-based …

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Shiba Inu (SHIB) Moving Back to Important Price Range: Here’s What’s Next

Shiba Inu (SHIB) Moving Back to Important Price Range: Here’s What’s Next

Contents Getting closer to 50 EMA Volume still fading Despite the problematic price performance of SHIB we saw recently, the famous memetoken is now moving upwards against the assumptions most analysts made about the dog-themed cryptocurrency. Getting closer to 50 EMA The exponential 50-day moving average is an important price level that needs to be …

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