Altcoin Selling Pressure Looms as $500M in Token Unlocks Scheduled This Week
Unlocks increase the total available supply of a certain token but don’t necessarily hit the open market immediately.
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Altcoins
Unlocks increase the total available supply of a certain token but don’t necessarily hit the open market immediately.
The last cryptocurrency trading cycle started between 2019 and 2020, reaching its peak in November 2021 and triggering a retracement. … Continue reading
The post Expert explains how he turned $40,000 into $10 million last cycle appeared first on Finbold.
Thursday’s bullish trading range marks an end of the recent consolidation and a resumption of the rebound from lows under $53,000.
Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
While BTC and Ethereum have made strong comebacks in the last year, much of the rest of the market is still catching up, say Kevin Kelly and Jason Pagoulatos, of Delphi Digital.
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.
Crypto analyst Miles Deutscher recently highlighted a “major fundamental flaw” that he believes is the primary reason behind altcoins’ underperformance … Continue reading
The post Crypto analyst highlights ‘major fundamental flaw’ causing altcoins to outperform this cycle appeared first on Finbold.
The private fund targeting institutional investors would offer exposure to a range of cryptocurrencies beyond bitcoin and ether, The Information reported.
Altcoins are all cryptocurrencies except for Bitcoin (BTC), which dominates the cryptocurrency market with over 50% of its total capitalization. … Continue reading
The post Brace for gains: Altcoins present a ‘once in a few years’ golden opportunity appeared first on Finbold.
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.