The recent Bitcoin-induced bull market has led many smaller altcoins to begin surging, making the current market condition look strikingly similar to that seen in 2017 when BTC’s rally allowed other cryptocurrencies to incur parabolic uptrends.
One example of a relatively small crypto that has seen insane gains over the past couple of days is Hedera Hashgraph, which was able to post and over 300% rally in under 48 hours, with this rally coming about after news broke that Google is taking an active stake in the public network’s governance.
Interestingly, it appears that search trends relating to the key phrase “Hedera Hashgraph” seemed to give traders some insight that a major movement was brewing before its price began climbing.
Now, this same indicator seems to suggest that the cryptocurrency may soon nosedive as investors begin taking profits.
This Largely Unknown Cryptocurrency’s Rally Occurs as “Altseason” Kicks Off
In some ways, it appears that Hedera Hashgraph’s rally is essentially the inaugural altseason pump, with this being one of the first cryptocurrencies this year to clock such massive gains in a 48-hour period.
It is important to keep in mind that the ongoing rally has shown some signs of stalling, but early investors have still been able to book massive profits.
The rally, which first kicked off early yesterday, reached a boiling point today when the token reached highs of over $0.08, which marks an over 300% increase from its weekly lows of $0.019.
Although it has decline slightly from these highs to its current price of $0.063, the crypto is still trading up 90% over a 24-hour trading period, and over 200% from its weekly lows.
Buyers Beware: Google Trends Data Suggests a Nosedive Could Be Inbound
Despite the overt bullishness of the token at the moment, it is important to note that its recent price action has been trailing the search volume for “Hedera Hashgraph” on Google, suggesting that its price may soon decline further.
On February 11th, just a few hours prior to the crypto’s parabolic rally, search volume for this term began spiking, suggesting that a flood of retail investors were about to pour capital into the token.
This volume continued growing until roughly 00:00 UTC-8:00, which was also just a few hours before the crypto peaked and began its descent to its current price levels.
Now, as can be seen on the chart below, search results for the aforementioned key phrase are once again plummeting, suggesting that the crypto could soon see a further decline in price.
Google Trend results for the search term “Hedera Hashgraph”
Although Hedera Hashgraph may have already posted the bulk of the gains it will see this year, it is important to keep in mind that it may be a sign of what’s to come for other altcoins, as it could mark the start of the prophesized “altseason.”
Featured image from Shutterstock. origin »
The founder of Ethereum, Vitalik Buterin has just revealed how much Ethereum he actually owns. In a recent tweet, Buterin responds to accusations by an economist at NYU and crypto critic Nouriel Roubini (also known as Dr Doom) who has claimed that Buterin is a scammer and a thief.
Here are a few of the most significant signs that the bulls are getting ready to break out and stampede on the markets. Five years ago, the industry didn’t have as many investors as we see today and most mainstream media wouldn’t have given any crypto related news the light of day.
Binance has removed four digital currencies from its listing which has left them crashing down in the ranks. As of yesterday, 9th October, one of the biggest and most popular cryptocurrency exchanges from around the world, Binance has announced that four tokens are going to be removed from the platform until further notice.
GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).
For several weeks, bitcoin has remained in a consolidating uptrend. The market hasn’t seen a new high since mid-September, but the lows have steadily gained higher and higher ground.
Ethereum is one of the biggest cryptocurrency projects on the market today. That does not mean the project will not evolve further, as various issues have become apparent over the years. Below are some of the big things to look forward to where Ethereum is concerned, Do keep in mind there is no official timeline […]
The post 3 Major Changes Shaping the Future of Etheruem’s Ecosystem appeared first on NullTX.
Bitmain is well-known across the cryptocurrency community for dominating the mining hardware market. Some think the Chinese giant might be losing its edge, and a growing number of competitors are emerging to challenge the company.
The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.
As is usually the case in the cryptocurrency world, traders look to either long or short specific coins to predict the market momentum for profit. As of right now, things look very interesting for all of the major currencies, although the market can easily swing either way.
With the market’s value jumping all over the place and there being plenty of opportunity for investors, let’s look at some of the coins to look at this month. ADA The co-founder of Etherum, Charles Hoskinson set up this blockchain project a few years ago under the name Cardano.
The latest crypto investment fund on the block is Dragonfly Ventures, a $100 million traditional venture fund investing only in crypto assets, managed by partners Alexander Pack from Bain Capital Ventures and Bo Feng, founding partner of Ceyuan Ventures.
In the absence of regulatory oversight, crypto insiders are looking for ways to self-regulate in attempts to make the industry more attractive to institutional investors, some of whom are wary of entering the market due to the potential for hacks and fraud.
Recently, there has been a so-called “stablecoin invasion”—in fact, according to a recent report, there are at least 57…
The post A Look at the 9 New Stablecoins Entering the Cryptocurrency Market appeared first on Invest In Blockchain.
Recently, there has been a so-called “stable coin invasion”—in fact, according to a recent report, there are at least…
The post A Look at the 9 New Stable Coins Entering the Cryptocurrency Market appeared first on Invest In Blockchain.
Crypto is one of the most happening industries out there. Even Southeast Asia appears to be in the race with new crypto-based businesses popping up every now and then.
Let’s have a look at three blockchain-based projects in Southeast Asia that you must be aware of:
HelloGold Foundation
The foundation aims to target the unbanked and under-served by trying to push blockchain-based projects towards mass adoption with its tools.
The performance of the crypto market has been appalling for the best part of 2018. Nonetheless, a few digital currencies have recorded increased popularity as investors seek ways of improving their values in the future.
If you take a look at the cryptocurrency market over the past few months then you’d probably be looking to get the tissues ready, especially if you’re an investor. Despite the fluctuation in price over the course of this year, some began to have life breathed into them in the several ecosystems and communities where traders are anticipating it to have a surge on the crypto markets.
At the back of 80+ drops, the altcoin market is priming for higher highs. From a new Tron wallet to impressive developments in IOTA, bulls stand a chance. Because of this and supportive technical developments, we recommend buying TRX and Litecoin at spot prices.
The current cryptocurrency market sentiment seems to indicate positive things are bound to happen. For the EOS price watchers, things are starting to look up, even though the current gains do not necessarily indicate a long-term uptrend.
After launching two phones in India, Oppo’s youth-focused sub-brand Realme has launched its first phone for the international market, the Realme 2 Pro. This mid-ranger gets a minuscule ‘waterdrop’ notch on the front fascia, as well as some decent hardware for its $189 asking price.
After two back-to-back weeks of record-setting volume, ether finds itself situated below historic resistance and currently unable to reach its downtrend line:Figure 1: ETH-USD, Weekly Candles, Downtrend and Record-Setting VolumeFor months, ether has been unable to break its downward trend.
Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
One of the impacts of the rapid, global
advancement of digital asset markets has been seasons of volatility and
turbulence. This creates a challenging environment for even the most astute
investors in terms of managing cryptocurrency portfolios and investment
strategies.
Crypto rankings tend to shift weekly, especially when looking beyond the top 20. In fact, interesting things tend to occur quite regularly. The following six currencies gained the most market cap ranking positions this past week.
Based on blockchain technology, most cryptocurrencies have an open and public ledger of transactions. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.
In a landmark case for the cryptocurrency industry, a federal judge has ruled that a cryptocurrency caught in the midst of a lawsuit is a commodity, court documents reveal.
Tron Ready to Present an Update on Project Atlas on September 28 One of the most exciting blockchain networks in the market will be releasing information about its Project Atlas on September 28. This project will allow Tron to create a new way of content distribution connecting the BitTorrent peer-to-peer network with TRON and its […]
Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency. The Zug-based startup is headed by former UBS managers Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman.
Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption.
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Just when cryptocurrency prices were starting to look better, digital asset markets shaved around $19 billion USD off the entire crypto-economy. Today the cryptocurrency ecosystem’s 1,900+ coins have an overall market capitalization of about $210 billion and about $14 billion in global trade volume.
Cardano may look to have remained still and silent over the past few months, but don’t let this fool you. Cardano is still one of the most promising and exciting blockchain projects around, with this, so is ADA, the native token to the Cardano project.
The ICO market is vast but tangled, and ICO agencies are an essential part of it. So now is the time to take a closer look at each agency’s work.
The post Analytical Listing MoonRate Created an ICO Agencies Map 2018 appeared first on CoinSpeaker.
Gemini, a New York-based cryptocurrency exchange owned by the Winklevoss Twins is eyeing a move to the UK. Winklevoss Twins Look to Set Up Shop in The UK According to the Financial Times, inside sources revealed that Gemini is serious about a foray into the UK market.
Famed US cryptocurrency exchange Gemini, the birth child of Tyler and Cameron Winklevoss is alleged to be exploring an expansion into the United Kingdom, opening their doors to a new and emerging British cryptocurrency market.
It is uncommon for cryptocurrency founders to meet people close to Russian President Vladimir Putin. The move may look politically inappropriate at a time when stiff regulations and scams are plaguing the cryptocurrency market.
Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops.
Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented “the world’s fastest cryptocurrency.
It’s a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D. C. , on September 11, 2018, to lobby the U.
The crypto world is welcoming its newest digital currency exchange. Known as BTSE, it’s a platform designed primarily to look after markets and OTC trading. The system is unique in the sense that it offers multiple currencies through one book, and entities like the U.
The New York Attorney General’s office has pointed a finger at cryptocurrency exchange Kraken for “potential” violation of state regulations. Now, the San Francisco–based exchange is firing back, saying it does not appreciate what it sees as implications of illegality.
Here's a look into how the dynamics of the ICO market is changing with an increasing failure rate among the ICO projects.
The post ICO Market is Loosing Its Sheen Off Lately as Crypto Startups Pull Back appeared first on CoinSpeaker.
You might look at the markets today and wonder how any other cryptocurrency will ever knock Bitcoin off the top spot. With a market dominance of well over 50% now, Bitcoin has a strong grip on the markets, a grip that only seems to be getting tighter.
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Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market.
Chart for BTC/USD (1W)
Bitcoin (BTC) might be the single biggest winner of the US China trade war that has left investors completely perplexed. The stock market is completely clueless as to what Trump might to next to escalate the trade war.
How Did Robinhood App Entered the Cryptocurrency Market? Robinhood is one of the most interesting trading apps for stocks and, since some months, also for virtual currencies. According to reports from TechCrunch on September 6, Robinhood is working in order to launch an initial public offering (IPO). This is one of the reasons why the […]
Over the past few years, the global IOT market has shown an exponential growth and experts believe that the market will continue to grow.
The post How the Internet of Things (IoT) Industry Will Look Like in 2018-2023 appeared first on CoinSpeaker.
A new study by the National Cryptocurrency Association found that 55 million U.S. adults now use cryptocurrency, with 76% saying it positively impacts their lives. On April 2, the National Cryptocurrency Association released the largest-ever survey of American cryptocurrency holders.…
FAT Brands, an iconic restaurant chain listed on the Nasdaq, has added cryptocurrency to its accepted payment methods. The global restaurant franchising company announced the move via a press release on April 2, noting that it now officially accepts Bitcoin…
South Korea’s second-largest cryptocurrency exchange, Bithumb, has turned around impressively during 2024, and it now finds itself in the black, with operating profits of $89 million and a reported net profit of $110 million.
Spot Bitcoin exchange-traded funds in the United States experienced a sharp drop in net inflows over the past week as they snapped a 10-day streak of inflows that brought in nearly $1.07 billion. According to data from SoSoValue, the 12…
Crypto.com has ignited community outrage by re-minting 70 billion Cronos tokens as ZachXBT slammed the move and questioned Truth Media’s decision to partner with the exchange, a partnership that is now driving CRO’s 30% surge. In his recent post on…
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California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on…
