Bitcoin price was expected to increase following the halving that took place towards the end of April. However, when that did not happen, investors turned to altcoins.  While many anticipate altcoin season to take place soon, the possibility seems low except for these three altcoins. Bitcoin Dominance Is Rising Again Bitcoin dominance reached 56.32% in mid-April and started trickling to 54.34%. But in the last few days, this dominance has grown to almost 55%, threatening the potential of altcoins breaking out and the market noting an altcoin season. Indeed, a ..read more

A recent analysis by IntoTheBlock reveals a troubling trend for holders of some notable altcoins. Indeed, over 80% of investors in Algorand (ALGO), Sandbox (SAND), and Arbitrum (ARB) are currently facing losses. Altcoin Holders Face Significant Losses IntoTheBlock explained that Algorand is at the forefront of the troubling trend, with a staggering 91% of its holders in the red. However, Marc Vanlerberghe, CMO of the Algorand Foundation, maintains that the network remains one of the best blockchains for solutions that scale and that the future is bright despite ALGO’s price performance. “Algo ..read more

Prominent technical analysts have declared that altcoins have potentially hit the market bottom, priming them for an impending bull run. This sentiment echoes multiple expert opinions, suggesting a pivotal shift in the cryptocurrency market. Altcoins Ready for New Bull Run Michaël van de Poppe, a renowned technical analyst, affirmed that the altcoins have bottomed out. He also disclosed his current investment strategy, emphasizing his preference for altcoins due to their attractive pricing. “I skewed towards altcoins, and will be looking to rotate back towards Bitcoin later. Everything is so ..read more

In the crypto market, recent analysis using suggests that a significant majority of altcoins are in a buy zone. This presents a potential opportunity for investors looking for favorable entry points. Most Altcoins Are in History Buy Zone The Market Value to Realized Value (MVRV) ratio compares the market capitalization of a cryptocurrency to its realized capitalization. Market capitalization refers to the total value of all coins in circulation, calculated by multiplying the current price of a crypto by the total number of coins. Realized capitalization, on the other hand, values each unit of ..read more

The cryptocurrency market, particularly Bitcoin, undergoes a transformative phase every four years known as the “halving,” where the rewards for mining are halved, significantly affecting the influx of new BTC. This anticipated event reduces the supply, traditionally escalating Bitcoin’s price due to its increased scarcity. As the 2024 halving takes place, industry leaders shares crucial insights. They highlight the impact this event has on trading strategies and the broader investment landscape. Immediate Effects Post-Halving John Patrick Mullin, CEO of real-world assets (RWA) Layer 1 blockch ..read more

As the horizon brightens with the anticipation of another altcoin season, investors are on the lookout for the next big cryptocurrency. With a diverse range of tokens gaining traction, the market is ripe with opportunities for those willing to dive into the depths of blockchain technology and its myriad applications. 45 Days Until Altcoin Season According to renowned analyst Rekt Fencer, altcoin season might be around the corner. This optimistic outlook suggests it is now the time to select the right low-cap cryptocurrencies, aiming for the elusive 100x returns that many dream of. For this rea ..read more

SingularityNET, Fetch.ai, and Ocean Protocol are reportedly on the verge of merging their crypto tokens into a unified ASI token. This potential consolidation could create an entity with a fully diluted value estimated at a staggering $7.5 billion, signaling a significant shift in the decentralized artificial intelligence (AI) market. SingularityNET, Fetch.ai, Ocean Protocol Eye ASI Token The trio of AI-crypto firms, known for their efforts in developing blockchain-based AI solutions, are in advanced discussions about this merger. Sources close to the negotiations reveal that an announcement c ..read more

Altcoin trader Rekt Fencer has caused a stir with his candid revelation on achieving a staggering 1,000X gains through meme coins. Fencer’s strategy, centered on the concept of ‘sniping’ new token launches, is allegedly profitable even for those with investors modest capital. Secrets to Trading Meme Coins Fencer explained one of the easiest methods to achieve significant returns with meme coins. This approach, while controversial, has shown to be effective for him in a market where timing and information are everything. The key to Fencer’s method lies in meticulous pre-analysis and constant mo ..read more

AIOZ Network has joined forces with Alibaba Cloud, marking a pivotal moment for Web3 capabilities within the region.  The partnership focuses on the Alibaba Cloud Singapore Innovation Accelerator. It designates AIOZ Network as the main blockchain partner, focusing on providing technological and financial support to selected Web3 projects.  AIOZ Network Joins Forces With Alibaba The collaboration aims to extend beyond financial and technical assistance. Strategic plans aim to establish a DePIN Alliance in Southeast Asia. This initiative seeks to improve infrastructure services related ..read more

Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by Santiment, Chainlink, Cardano, and Polkadot lead the pack with the most significant github activity over the past 30 days. This metric, an indicator of non-redundant project contributions and enhancements, positions these digital assets as key players in the blockchain innovation race. Chainlink, Cardano, Polkadot Stand Out Chainlink, known for its decentralized oracle network facilitating smart contracts, has shown remarkable development efforts. Analyst ..read more