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CATEGORY: season


Sep 26, 2024 12:05

Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?

Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643 at press time. Related Reading: Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research The ETH/BTC trading pair has surged from 0.0385 on September 18, to 0.0420 on September 23, indicating an increase of almost 9%. Notably, the ETH/BTC trading pair is a crucial trading pair observed by crypto analysts to gauge market sentiments toward altcoins relative to BTC.  When ETH and other altcoins gain value against BTC, it suggests increased investor interest in altcoins, potentially signaling the beginning of an “altseason.” Conversely, when BTC outperforms ETH, it may indicate a shift back to Bitcoin dominance. Its worth highlighting that the Ethereum futures funding rate has turned positive since the interest rate cut, standing at 0.0058% according to data from cryptocurrency futures trading and information platform CoinGlass. For the uninitiated, a positive funding rate implies that traders holding long positions – in this case, long ETH – are paying short positions, reflecting bullish market sentiments. The change in funding rate suggests greater optimism regarding ETHs future price, likely driven by increased demand and confidence following the rate cut. That said, investors should be cautious of sharp movements in funding rates, as this could lead to market corrections amidst excessive optimism or due to any changes in external factors.  Ethereum Faces Stiff Competition From Other Blockchains Throughout 2024, Ethereum has faced criticism for its lackluster performance relative to its competitors. Even major developments, like the US Securities and Exchange Commissions (SEC) approval of ETH exchange-traded funds (ETFs) failed to propel the second-largest cryptocurrency by market cap significantly.  In contrast, competing smart contract platforms like Solana (SOL), Binance Coin (BNB), and Tron (TRX) have made impressive strides not only in terms of price appreciation but also regarding the development of ecosystem infrastructure. Related Reading: Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues For instance, the Solana ecosystem witnessed many developments at Singapore’s recently concluded Solana Breakpoint 2024 event. Among other announcements, Franklin Templeton unveiled its plans to launch a mutual fund on Solana.  Similarly, all eyes are on the release of former Binance CEO Changpeng Zhao from prison on September 29, 2024. Crypto analysts predict that Zhaos release could spark bullish momentum for Binances native token BNB, which has shown incredible resilience despite the exchanges former CEO being imprisoned on money laundering charges. With the rising adoption of Ethereum layer-2 solutions offering high scalability with minimal transaction costs, expect the smart contract space to become increasingly competitive. ETH trades at $2,660 at press time, up 3.3% in the last 24 hours. Featured image from Unsplash, Charts from Tradingview.com

Sep 24, 2024 05:50

Is Altcoin Season Coming? These Two Signals Could Suggest So

An analyst has pointed out two patterns forming in altcoin and Bitcoin-related charts that could suggest an altseason may be coming soon. Signs May Finally Be Aligning For An Altcoin Season In two new posts on X, analyst Ali Martinez has discussed some signals that could foreshadow an altcoin season. The first chart shared by [...]

The post Is Altcoin Season Coming? These Two Signals Could Suggest So appeared first on Crypto Breaking News.

Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason

Author: Cointelegraph by Nancy Lubale
United States
Sep 24, 2024 12:00

Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason

Analysts believe that a new altcoin season is entering its early stages. Cointelegraph digs into the data.

Sep 20, 2024 05:50

Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%

In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has [...]

The post Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45% appeared first on Crypto Breaking News.

Sep 19, 2024 02:30

Is a New Altseason on the Horizon? Dogecoins Recent Activity Sparks Speculation

In a recent statement, Ted Pillow, a prominent figure in the cryptocurrency world, has drawn attention to an intriguing pattern in the crypto market. According to Pillow, a significant rise in Dogecoin (DOGE) prices often heralds the beginning of an Altseason, a period when alternative cryptocurrencies experience notable price increases. This pattern was observed during […]

Sep 18, 2024 02:15

Taiko Announces Start of Season 2 with New Features and Rewards


Taiko kicks off Season 2 with new features, rewards, and changes to the xp system, enhancing participant engagement. Learn more about the updates. (Read More)

Aug 07, 2024 02:15

Eternal Paradox Unveils Season 5 Results and Teases Exciting Updates for Season 6


Eternal Paradox concludes Season 5, revealing top Captains and rewards, while introducing new features for Season 6. (Read More)

Altseason 2.0: Mapping the Path to the Next Crypto Boom

Author: Arslan Tabish
Estonia
Aug 26, 2024 02:30

Altseason 2.0: Mapping the Path to the Next Crypto Boom

The crypto space is eagerly waiting for the next Altseason 2.0, which is expected to bring great returns to investors. The period ahead is characterized by steep gains in altcoins, a trend that has been observed repeatedly in the past. In a recent X post, Ash Crypto explained the stages that usually occur before this […]

Aug 24, 2024 05:50

Is Now a Good Time to Invest in Cryptos?

Is it a good time to invest in cryptos? I will give you 5 good reasons why you should consider investing in cryptos now. The last one is the most important. 1. Bitcoin Halving This year, in May, we had the Bitcoin halving. It’s an event that happens every 4 years, which cuts the number [...]

The post Is Now a Good Time to Invest in Cryptos? appeared first on Crypto Breaking News.

Aug 03, 2024 05:50

Not All Hope Is Lost: Crypto Analyst Weighs In On The Markets Performance

As the crypto market faces another drop, a pessimistic sentiment surged again. Some investors seem to fear that altcoins wont take off this cycle and that they have lost their chance of profiting from the bull run. However, renowned analyst Altcoin Sherpa weighed in on the matter, suggesting that the market is set up to [...]

The post Not All Hope Is Lost: Crypto Analyst Weighs In On The Markets Performance appeared first on Crypto Breaking News.

Aug 01, 2024 02:15

Eternal Paradox Prepares for Final Conquest of Season 5


Eternal Paradox gears up for the final Conquest of Season 5. Guilds battle for control of the Ring of Ruin. Who will emerge victorious? (Read More)

Fortnite-Style Web3 Game OpenSeason to Airdrop $FU Tokens to NFT Holders

Author: Nathaniel Cajuday
Philippines
Jul 04, 2024 02:50

Fortnite-Style Web3 Game OpenSeason to Airdrop $FU Tokens to NFT Holders

This campaign allows players to earn $FU by playing the game, holding NFTs, and inviting new players.

Jul 25, 2024 05:50

When Will the Next Altcoin Season Start?

As the cryptocurrency market continues to evolve, many enthusiasts and investors are eagerly anticipating the onset of the next “altcoin season“. This term refers to a period when alternative cryptocurrencies (altcoins) experience significant price increases, often outpacing the growth of Bitcoin. But when can we expect this thrilling phase to begin? What is Altcoin Season? [...]

The post When Will the Next Altcoin Season Start? appeared first on Crypto Breaking News.

Jul 24, 2024 02:15

Manta Network Unveils MEMEta Season to Boost Community Engagement


Manta Network launches MEMEta Season in collaboration with BONK to enhance community interaction through memes and reward initiatives. (Read More)

BODEN trader loses nearly $8M, but memecoin season still on track

Author: Cointelegraph by Zoltan Vardai
United States
Jul 23, 2024 12:00

BODEN trader loses nearly $8M, but memecoin season still on track

Biden-related memecoins fell over 60% since the US president dropped out from the 2024 election.

Top Analyst Says This Altcoin Set to Rally 500% to 1,500%

Author: Abdulkarim Abdulwahab
United States
Jul 22, 2024 03:35

Top Analyst Says This Altcoin Set to Rally 500% to 1,500%

Analyst Ali Martinez has pinpointed an altcoin capable of delivering up to 1,500% return for investors as the altcoin bull…

The post Top Analyst Says This Altcoin Set to Rally 500% to 1,500% first appeared on The Crypto Basic.

Dogwifhat (WIF) hits new monthly high after 40% price rally

Author: Cointelegraph by Nancy Lubale
United States
Jul 19, 2024 12:00

Dogwifhat (WIF) hits new monthly high after 40% price rally

WIF rallies to a monthly high after a 7-day bull run added 40% to the memecoins value.

Time for altseason? Analysts say altcoin market is near momentum bottom

Author: Cointelegraph by Nancy Lubale
United States
Jul 16, 2024 12:00

Time for altseason? Analysts say altcoin market is near momentum bottom

Altcoin prices have been in a rut, but a key alteason indicator hints that the strongest wave is yet to come.

Jul 14, 2024 12:05

Is Altcoin Season Around the Corner? Bitcoin Halving Points to Potential Boom, Analyst Reveals

Although Bitcoin recent price plunge has sent several Altcoins on a free fall, with declines ranging from 30% to 70%, there appears to be a beacon of hope set to shine through the murk. The recent Bitcoin Halving in April is what the altcoin market needs to recover and surge beyond its highest levels. Related Reading: Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA Bitcoin Halving: A Gateway to Altcoin Prosperity? Bitcoin usually undergoes a Halving every four years, and this major event halves the block reward for miners in half. This fall in supply has normally triggered a bullish rally not only for Bitcoin but also for the altcoin market. Crypto analyst Wise Advice elaborates that following each Bitcoin halving, there is a pronounced potential for altcoins to surge. The analyst particularly noted: I know when altcoin season will happen. And I’ll show you it… ‘Halving’ It all depends on it […] When halving happens, after 11.5 years, the BTC ATH come And near that, ETH and other altcoins boom. Historically, this Halving period has seen an explosion of attention for altcoins, driving their prices higher due to the scarcity concerns from Bitcoin following this event. For example, in the previous Bitcoin Halving on November 9, 2021, leading altcoins, including — Ethereum (ETH) and Solana (SOL), Polkadot. (DOT), Avalanche (AVAX) all recorded a new all-time high. For context, ETH peaked at $4,800 on November 10, SOL came in too with its new peak at $250 5 days earlier as revealed by Wise Advice, while DOT’s peak at $55 happened on the 4th of that month, and AVAX peak at $144 occurred later that month on the 21st. How Does The Halving Points To Alts Season Now? As Wise Advice’ post suggests, such patterns underscore a recurrent theme: post-halving, money flows from Bitcoin into altcoins, significantly buoying their market positions. The analyst explained: The more they buy, the higher the price goes. And it makes investors profitable. They sell a part of it and send to Ethereum and other tokens. The market cap of these are way lower, so even the inflow of $100 million can make a huge change (a month before the ATH, Bitcoin MC was in 2.5 times larger than Ethereum.) That’s why Solana and Polkadot’s ATH was 4-5 days faster. Then money goes to even smaller Alts. And they start to overperform big ones. The smaller they were, the bigger the growth was. Notably, this shift is often reflected in Bitcoin’s dominance indexa metric that measures Bitcoin’s market capitalization relative to the total market cap of all cryptocurrencies. As observed post-halving, a decline in this index signals a growing interest in altcoins. Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins? Bitcoin dominance is now at 54.60%, a slight decrease from above 55%. Earlier this month, according to TradingView. Notably, the fact that the index is still somewhat high, as it still stands above 50%, suggests that the market still favors BTC. However, the recent decrease could be the early signs of an emerging altcoin season. Analysts at Glassnode make a similar point, linking present market circumstances with those in late 2020 when smaller stocks and riskier assets boomed, pointing towards an impending altcoin season. Rotation coming? Yesterday, we saw how #Nasdaq declined >2% – while #IWM rallied >3%. This is a clear indication of Rotation. The move to riskier assets. Will we also see this is #BTC and #Alts? Well – in November 2020, we had a day just like yesterday. IWM soared and pic.twitter.com/WG9pooRxh1 (@Negentropic_) July 12, 2024 Featured image created with DALL-E, Chart from TradingView

Jun 05, 2024 12:05

Ethereum (ETH) Set For Glorious Year, Analyst Eyes $10,000 Target

Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the tokens price from the $3,000 price range to the $3,900 mark. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kittys Return After the approval, the second-largest cryptocurrency has shown a strong performance, consolidating between the $3,700 and $3,800 levels. Some crypto analysts believe ETH is preparing for a crucial test and eye bullish targets above the $10,000 price range soon. ETHs Glorious Year Depends On This Level According to crypto analyst Jelle, a community sector is currently driven by a negative sentiment towards Ethereum. The bearish sentiment, seemingly fueled by Ethereums failure to regain the $4,000 resistance level, has made lots of people overcomplicate things here. As a result, Jelle urged investors not to panic, arguing theres no reason to flip bearish. The crypto analyst highlighted the key movements the King of Altcoins has seen in the past two weeks. Due to the spot ETH ETF approval, Ethereum broke out of a multi-moth falling wedge pattern. At the time, ETH successfully regained the $3,600 price range and briefly tested the $3,900 price range. After reclaiming this key support level, ETH has been consolidating above it, hovering between the $3,700 and $3,800 price range since May 28. According to the analyst, the cryptocurrency is reclaiming the range lows of a 3-year-long reaccumulation range. Per Jelles chart, ETH is regaining the lowest range of the previous bull run, which could lead to an expansion period. If the second-largest cryptocurrency by market capitalization holds above this key level, Ethereum will have a glorious year. Additionally, the analyst considers that ETHs last hurdle to overcome this cycle is the $4,000 resistance level. Once it breaks $4,000, it’s clear skies ahead to potentially reach the price target of $10,000. Similarly, known crypto analyst Il Capo of Crypto noted that his main scenario is a bullish continuation. Per Il Capo, Ethereum is looking good above the $3,650 range. This performance seemingly sets the cryptocurrency for a bullish continuation towards the previous cycles all-time high (ATH). Ethereum ETFs, The Catalyst For New ATH? Despite the doubts, Ethereums recent performance resembles Bitcoin’s (BTC) in previous cycles. According to crypto trader Ash, ETH is following the path of the flagship cryptocurrency in 2018-2021. If it continues this track, $10,000+ ETH is programmed. As the crypto market awaits the listing of the spot ETF, some analysts consider it the catalyst for an explosive alt season this year. Similarly, Ali Martinez noted that over 777,000 ETH, worth around $3 billion, have been withdrawn from exchanges since the US Securities and Exchange Commission (SEC) approved the investment products. Due to a supply squeeze, this development could propel ETHs price to higher levels. However, Lookonchain recently revealed that two participants of Ethereums Initial Coin Offering (ICO) deposited around 4.5% of their holdings on a crypto exchange. Per the post, the ICO participants received 200,000 ETH, worth around $767 million, at Ethereums Genesis. Related Reading: The Half-Million Dollar Bitcoin: Predictions Point To Monumental Price Surge In 18 Months The holders deposited 9,518 ETH, or $36.33 million, into Kraken on Monday, which has alarmed investors. Despite the fear of a possible dump, some community members think this movement could suggest that these long-term holders believe ETHs price will reach unprecedented highs soon. Featured Image from Unsplash.com, Chart from TradingView.com

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