Over the past month, altcoins have finally started to break higher, reversing the Bitcoin-centric trend seen in the crypto market throughout all of 2019. In fact, the BTC dominance metric has dropped to 66% over the past week, with digital assets like Ethereum, XRP, and Litecoin starting to outpace the market leader.
Related Reading: XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How
According to a prominent cryptocurrency trader, the time for altcoins to outperform Bitcoin is likely up, looking to a number of bearish chart formations.
Altcoin Crisis: Top Crypto Assets Likely to Fall
Cryptocurrency trader Mr. Chief recently noted that he doesn’t “see anything bullish about these major altcoins,” specifically looking to the charts of three altcoins against Bitcoin. These altcoins are Ethereum, Litecoin, and Stellar Lumens.
For ETH, he noted that the cryptocurrency has broken below a key resistance after last week’s rally, and is looking to fall by just under 10% against BTC.
For LTC and XLM, the trader pointed out that the cryptocurrencies are on the verge of falling below a pennant formation with a bearish skew.
Sorry guys, call me the ultimate pessimist, but i don't see anything bullish about these major alts. Potentially an $XRP bounce but everything looks pretty bad otherwise$ETH $LTC $XRP $XLM pic.twitter.com/Yf8IrnH7iZ
— Mr Chief (@HaloCrypto) January 26, 2020
While all these altcoins are showing weakness, Mr. Chief did note that there is one major crypto asset that could break higher rather than lower.
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Could XRP Stand Out?
The only major altcoin that he signaled has the potential to head higher is XRP, noting that it is currently trading in a flag and looking relatively indecisive, meaning it could break either up or down from the chart pattern aforementioned.
Mr. Chief’s analysis was relatively inconclusive, with him drawing two arrows, one in the upward direction and the other in the downward direction. Interestingly traders believe the bull case is more likely than not.
Earlier this week, Luke Martin, a prominent cryptocurrency trader and podcaster that was featured on CNN, noted that XRP/BTC has recently flipped a key resistance level into support, a bullish pivot implying outperformance.
Daily view of $XRP outlook for this month.
You can see how this level has flipped from resistance to support in the last 5 days since the first tweet. pic.twitter.com/hF7A68Svxa
— Luke Martin (@VentureCoinist) January 22, 2020
Also, Amsterdam Stock Exchange trader Michael Van De Poppe revealed in a TradingView post published last week that he expects for XRP/BTC to soon explode 170% higher.
He explained that the pair is on the verge of breaking out of a downtrend that has constrained prices since the start of 2019, before adding that XRP has held a very important historical support level against Bitcoin, suggesting bullish strength.
Poppe’s chart also pointed out that the recent price action is eerily reminiscent of an XRP/BTC break out in 2018, suggesting that a surge of dozens of percent can be had if history repeats itself.
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A popular crypto analyst has made a bold proclamation about altcoins as the broader crypto market attempts a recovery. The chief executive of blockchain intelligence platform CryptoQuant stated that the stage is set for altcoins — aka cryptocurrencies that aren’t Bitcoin — to witness a big burst to the upside.
After its massive bull run last week, the crypto market witnessed a deep correction on Monday. Most significant altcoins went through at least a 20% correction. Some coins dropped deeper or have stayed down and could not recover their previous momentum.
The crypto market is bracing for a week of potential change, with several key events looming. The DeFi Investor has analyzed Bitcoin, Stacks (STX), SUI, and other top altcoins in anticipation of market-moving developments.
As the cryptocurrency market gears up for the next crypto bull run, altcoins are attracting significant attention from those looking to diversify their portfolios. As we continue treading the second half of 2024, certain altcoins are capturing attention due to their distinctive innovations.
The crypto market is calm, biding its time before the next bull run. Many altcoins are still at attractive entry points, showing signs of steady growth. This environment holds opportunities for keen investors.
A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs.
In a recently published video titled “Best Altcoins To Buy Now,” crypto influencer Lark Davis shared his latest insights on promising altcoins with his 546,000 YouTube subscribers. Known for his candid and straightforward approach, Davis emphasized the speculative nature of his recommendations and the inherent risks of crypto investments.
The bull run of 2024 is underway, igniting a rush among investors to pinpoint altcoins with the most growth potential. With an eye on the surge of new wealth creators, this analysis delves into the smart choices of crypto millionaires.
The crypto market is buzzing with excitement as a new bull run ushers in tantalizing investment opportunities. Among the rising stars are several altcoins demonstrating impressive growth, capturing thThe post Which Soaring Altcoins Are Worth Adding to Your Crypto Portfolio? Explore Skyrocketing BlastUP Presale appeared first on AMBCrypto.
While Bitcoin remains the undisputed king of cryptocurrencies, savvy investors are also turning their attention to promising altcoins that could potentially offer substantial returns. In a Youtube video, Miles Deutscher, a top crypto analyst revealed the top 9 crypto altcoins that are generating excitement and could be worth considering before the Bitcoin halving.
As the crypto market enters into what could be considered to be another bull market, one analyst known as MacnBTC has come forward to give a list of altcoins that could do well going forward. The list includes altcoins currently listed on the largest crypto exchange in the world, Binance, making them very easy to get.
While there are those who say they are in crypto for the technology, it is safe to say the majority are in the space to make money. However, since Bitcoin has already grown so much, altcoins have become the clear alternative for those looking to take advantage of the kind of massive returns not available […]
Many Altcoins are tipped to rise significantly alongside the flagship cryptocurrency, Bitcoin, once the bull run begins. In line with this, this crypto analyst has stated the best time to buy these altcoins in preparation for this occurrence.
Despite a largely gloomy market sentiment, crypto whales have taken bullish positions on these few altcoins. Will they trigger a price pump?
The post Crypto Whales Are Loading up on These Altcoins This Week appeared first on BeInCrypto.
A report from inside the online gambling industry has shown that more people are starting to use crypto to gamble online, forgoing fiat. And there is a greater interest in betting with altcoins.
The post Crypto Bets: A Wider Array of Altcoins are Being Used appeared first on BeInCrypto.
Today has been a bloodbath for the crypto market, with Bitcoin’s recent rejection at $10,000 leading most major altcoins to reel lower, with many posting sizable losses of 10% or more. This intense selloff may be a prime buying opportunity for a select few altcoins that have seen incredibly bullish price action throughout 2020, with...
In 2017, altcoins, crypto assets that aren’t Bitcoin, suddenly saw an influx of interest from the world’s investors. Bitcoin dominance — the percentage of the crypto market that is made up of BTC — fell from over 80% to 33% by early-2018, tumbling as a large amount of capital was siphoned into altcoins that purported... The post appeared first on NewsBTC.
A few months ago, something nice happened. Bitcoin “woke up” and dragged the whole market out of the crypto winter. However, it now seems that Altcoins are really not ready for the bullish move.
Crypto currency markets have slumped almost $20 billion as bitcoin and its brethren continue to slide this weekend. The digital avalanche picked up pace around an hour ago when BTC fell through resistance and $11,000 dragging all of the altcoins into the quagmire with it.
The crypto market may be finally seeing some sunny days after a long winter, but things are yet to get fully smooth for most of the altcoins. For one, Bitcoin, being the top crypto, has seen some considerable gains since the upsurge started a few months back.
As Bitcoin continues to set new 2019 high after high, altcoins across the crypto market continue to bleed out, with many setting new lows relative to their BTC pairings. With sentiment surrounding altcoins reaching extreme lows, these price levels could present lucrative buying opportunities if Bitcoin can stabilize above $6,000.
Surging BTC Dominance is a sign of a Stronger Market This means “ alt coins are dead inside” says the crypto investor Altcoins: BCH sees the biggest drop followed by ETH while XRP records highest growth in share and then LTC Bitcoin is up nearly 70 percent in 2019 till date. The leading cryptocurrency started […]
After a rough week for crypto, Bitcoin managed to defy expectation by breaking $6k resistance. With this, Bitcoin dominance is also up, to 58% at the time of writing, a level not seen since the last bull run.
Crypto markets make a new yearly high; Bitcoin surging to $6. 3k, Litecoin lifted but the rest of the altcoins get eaten. Market Wrap The end of the week has seen crypto markets hit another new high for 2019.
Bitcoin has incurred significant buying pressure over the past month that has allowed multiple major altcoins to surge. Despite this, many altcoins have remained stagnant and have failed to match the large gains that BTC and the aggregated crypto markets has posted over the past month.
We are in the fifth month of this year and the second month of the much-awaited crypto bull run. Many say it is just a phase of the crypto winter, while others are more optimistic. Let us look at the top cryptos of this year.
Bitcoin has experienced another rally following the one experienced last month. The price of the leading cryptocurrency has been on the rise steadily, closing in on the $6,000 target and achieving a new 2019 high in the process.
Ethereum has been in the doldrums lately. Bitcoin has made all the moves generally lifting crypto markets and increasing its own dominance largely at the expense of the higher cap altcoins such as Ethereum and XRP.
Major crypto venture capital firm Heisenberg Capital has stated its position on the future of cryptocurrencies. In a recent tweet, the company said Bitcoin (BTC) is the only cryptocurrency that will survive and will kill all the altcoins as it grows.
By CCN. com: One of crypto’s biggest venture capital firms is going all in on bitcoin. Heisenberg Capital says it is “doubling down on Bitcoin Maximalism with new capital,” while sounding the death knell for altcoins.
Crypto markets cool off on Monday; Litecoin, Cardano, Monero and Cosmos dropping back, Bitcoin dominance climbing. Market Wrap Crypto markets are starting to pull back this Monday morning and altcoins are taking the brunt of the losses.
Altcoins May Die When BTC Rallies While there have been a number of calls for an altseason and the death of Bitcoin, BTC has begun to outperform its crypto peers yet again, posting gains when. . .
By CCN: Started as a side project in May 2013 by a lone developer in a Queens, New York apartment, CoinMarketCap celebrated its six-year anniversary last week. The website, which keeps track of the market capitalization of bitcoin and more than 2,100 altcoins, commemorated the milestone with a few announcements.
The past few days have been a good ride, especially for Bitcoin as the price seems to finally go up after a long crypto winter. Being the market leader, Bitcoin’s price changes usually affect the whole crypto market.
For some reason or another, Bitcoin (BTC) has continued to rally into Saturday. As of the time of writing this, the crypto asset is trading at $5,725 on most major exchanges, while altcoins have begun to play catch-up.
Another week, another round of Crypto Tidbits. Over the past 72 hours, Bitcoin (BTC) has begun to rapidly pick up steam. As of the time of writing this, the cryptocurrency is currently trading at $5,800 on most major exchanges.
The crypto markets have continued to extend their upwards momentum as Bitcoin surged to fresh year-to-date highs, leading most major altcoins to rip upwards. This positive price action marks a significant rise from BTC’s recent lows, which were set after news broke regarding the widely publicized Tether-Bitfinex imbroglio.
In just 10 days we have one of the biggest events in the crypto ecosystem, Consensus expo held in New York City. The event is designed to be a big tent for the industry: it convenes industry participants ranging from enterprise consortia to cypherpunks.
Crypto markets surged in April, Bitcoin, Bitcoin Cash and Binance Coin the winners, XRP, Stellar and Bitcoin SV the losers. April was the third month in a row to see gains on cryptocurrency markets.
In a few short days, the crypto industry will touch down in New York City for the annual Consensus expo – a conference that brings together the greatest minds and companies across blockchain and crypto to discuss the future of the industry, hold discussion panels, and show off new products or make announcements.
The bitcoin market’s bullish bias is looking stronger than other altcoins, according to Josh Rager. The cryptocurrency analyst said Wednesday that bitcoin was among the only crypto assets that managed to jump above a significant resistance level on monthly charts.
On Tuesday, the crypto asset market began to move higher, shocking many investors across the board. As of the time of writing this, Bitcoin (BTC) is trading at $5,380, posting a 2. 81% gain in the past 24 hours.
Bitcoin is considered to be the largest cryptocurrency in the market today, this is pretty obvious, as it has more than half of the market share in the whole crypto market. Since the token lost some of its price recently, it has caused a domino effect that basically made all altcoins lose value as well. […]
Nothing boosts a cryptocurrency better than news of a big partnership and they have been few and far between during the crypto winter. Many altcoins have simply flat-lined at their lowest levels for a long time but one has recently been revived on the news of a big partnership.
Altseason Could Continue From Here Over the past week, altcoins (crypto assets other than Bitcoin) have begun to slip. In fact, as of the time of writing this, Bitcoin dominance is sitting at a casual.
Crypto-related exchange-traded products (ETPs) ended their five-week outflow streak, recording strong weekly inflows of $644 million, according to CoinShares’ latest report. James Butterfill, Head of Research at CoinShares, noted that the trend reversal reflects a marked improvement in investor sentiment across the digital asset sector.
Binance has launched a ‘Vote to Delist’ feature enabling verified users to delist tokens from its monitoring zone list. Starting today, March 21, 2025, Binance has introduced a “Vote to Delist” feature, an initiative that would allow its community members…
Traders expect XRP’s price to go higher, leading to more than a 4% increase as many are buying options that profit if the price stays above a certain level in March. XRP (XRP) climbed 4% to $2.41 on Friday, March…
В криптоиндустрии новый инфоповод — Bitnomial, чикагская биржа, решили «снять» свой иск против SEC, который был подан потому что, по их мнению, SEC лезет не в своё дело, пытаясь регулировать их фьючерсы на XRP.
XRP price rallied on Wednesday after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission will drop its appeal in the lawsuit against the firm. XRP posted a double-digit rally following the announcement after Garlinghouse’s tweet on…
Bitcoin edged higher on March 20, 2025 as an injection of optimism helped several altcoins higher. XRP, Uniswap (UNI), and Bonk (BONK) are all seeing notable gains, leading the top 100 by market cap.
Bitnomial’s XRP futures is set to begin trading on March 20 The exchange filed a lawsuit against the US Securities and Exchange Commission (SEC) in 2024 for “overextend[ing] its jurisdiction to digital asset derivatives.
