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Altcoin for Dummies

Is FAANG trade dead?

The popular FAANG trade may be dead for this bull market cycle, with the five components facing headwinds from geopolitical tensions, product saturation and a bearish shift in sentiment triggered by numerous privacy issues. Many former cheerleaders now view these too-big-too-fail operations as Big Brother overlords, sniffing our private lives through chatty home assistants, data-mining sites and those handheld marketing …

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NEAR Token Jumps Over 20% After UST Integration

Tokens of the layer 1 blockchain are up 23% after Terra said its UST stablecoins would be supported on the network. Tokens of Near (NEAR) jumped 23% to $10.80 on Wednesday after an integration with decentralized payments network Terra was announced by developers on Tuesday night. Terra’s UST tokens – stablecoins whose value is algorithmically pegged on …

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Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record

Despite Ethereum correcting from an all-time high (ATH) price of $4,860, the second-largest cryptocurrency has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark. Some of the top protocols based on burnt Ether include OpenSea, Ethereum transfers, Uniswap V2, and Tether (USDT). OpenSea is a leading NFT marketplace. Launched in August, the London Hardfork or …

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Coinbase Makes Shiba Inu Crypto Available to New York Residents After Adding SHIB Trading Pairs

The Nasdaq-listed crypto exchange Coinbase has made shiba inu cryptocurrency available to New York residents, who can now trade, buy, sell and store SHIB on Coinbase. This announcement follows the exchange adding SHIB trading pairs. Coinbase Grows Its Shiba Inu Crypto Offerings Cryptocurrency exchange Coinbase announced Friday that the shiba inu (SHIB) cryptocurrency is now …

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 30th, 2021

Ethereum Ethereum rose by 3.01% on Friday. Following a 9.25% breakout on Thursday, Ethereum ended the day at $4,421.23. A mixed start saw Ethereum fall to an early morning intraday low $4,266.91 before making a move. Steering clear of the first major support level at $4,026, Ethereum rallied to a late afternoon intraday high and a …

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Shiba Inu fetches a new ATH — 3 reasons why SHIB keeps jumping higher

SHIB keeps hitting new all-time highs, but what’s really behind the altcoin’s moon mission? Meme coins burst onto the scene in early 2021 and helped kickstart the bull market after Dogecoin (DOGE) rallied above $0.01 to new highs while being shilled by the likes of Elon Musk and Mark Cuban. Shortly afterwards, Dogecoin clones and …

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Elon Musk Reveals Real Reason He Supports Dogecoin, Says Many People at Tesla and Spacex Own DOGE

Elon Musk has revealed the real reason he supports the meme cryptocurrency dogecoin. He shared that a lot of people he talks to at his companies, Tesla and Spacex, own dogecoin, noting that “it felt like the people’s crypto.” Lots of People Elon Musk Talks to at Spacex and Tesla Own Dogecoin Tesla and Spacex …

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Hindenburg Research Offers $1M Reward to Uncover Tether’s Backing

Zeppelin (Matthias Wewering/Pixabay) The firm said it “has doubts” about Tether’s backing. Short-selling research firm Hindenburg Research is offering a bounty of up to $1 million for previously undisclosed details about the reserves backing Tether’s stablecoin USDT. The firm said it “has doubts” about Tether’s backing and is launching the Hindenburg Tether Bounty Program to …

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2 Reasons to Sell Dogecoin

Doge’s fundamentals are terrible, even for a cryptocurrency. Key Points Cryptocurrencies offer investors the potential for spectacular returns. But despite an epic bull run, Dogecoin isn’t built for long-term success. Dogecoin (CRYPTO:DOGE) exploded in 2021, jumping over 4,000% year-to-date. But at $0.24 per coin, prices are down roughly 68% from their all-time high of $0.74 reached in …

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Why HODL for 48 hours? Because your altcoin wallet will thank you

Even in the fast-paced cryptocurrency market, favorable conditions that fuel massive rallies often take days to materialize. It might seem that the volatility of digital assets’ prices and the lightning speed with which crypto markets move would mean that those who act fastest secure the heftiest rewards. And in certain cases this holds true – …

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