54 / 54 Relevant items tagged with #ALTCOINS

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BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration

[Jan 6, 2023 11:30 AM] After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The…

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…

91% of Cryptos From 2014 Have Died, While Bitcoin Continues To Thrive

[Jan 5, 2023 2:41 PM] The visualization of altcoin deaths shows Bitcoin is the sole standout project amongst various failed scams and “projects.”A recent report by CoinKickoff demonstrates the failures of various altcoin projects throughout the years, and how bitcoin is…

BONK Goes Bonkers With Over 200% Increase In Last 24 Hours – Will This Save Solana?

[Jan 4, 2023 10:25 PM] Solana’s ecosystem found itself in knee-deep trouble caused by fear, uncertainty and doubt over its connections with disgraced crypto exchange FTX. Since after the collapse of the exchange, the ecosystem has been trying to distance itself from FTX…

These Altcoins Will Be Hit The Hardest If DCG And Grayscale Fall

[Jan 3, 2023 5:30 AM] The pressure on the Digital Currency Group (DCG) and Grayscale continues to mount. The Winklevoss twins have given DCG an ultimatum of January 8th to return the $900 million Gemini Earn customer funds, while the users themselves have filed a class…

‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ

[Dec 30, 2022 2:30 PM] At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes…

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

[Dec 28, 2022 9:30 AM] 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23…

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs

[Dec 24, 2022 11:30 AM] The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it…

Altcoin Indexes Take Beating As Investors Flip Alts For Bitcoin

[Dec 21, 2022 6:13 AM] Data shows the different Altcoin Indexes in the crypto market have taken a beating during the past week as investors have been flipping alts for Bitcoin. Bitcoin And Stablecoins Dominance Rises As Altcoins Struggle As per the latest weekly report…

No Santa For Cryptos This Year: Large Cap Coins Touch December Lows

[Dec 21, 2022 3:26 AM] As Bitcoin hits new lows at year-end, other large-cap altcoins have followed suit. There seems to be no love for crypto this year-end, as Santa has refused to show up. General Crypto Market Cap Plunges As it stands, crypto traders and investors…

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

[Dec 20, 2022 12:30 PM] Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per…

Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?

[Dec 19, 2022 8:22 AM] Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is…

Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month

[Dec 16, 2022 2:30 PM] While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of…

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

[Dec 12, 2022 9:30 AM] The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s�

This Week XRP Whales Moved Millions of Tokens to Exchanges and Unknown Wallets

[Dec 10, 2022 2:30 PM] During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth…

Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

[Dec 10, 2022 12:30 PM] Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the…

Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme

[Dec 10, 2022 10:30 AM] Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is…

Thanks to Ethereum, 'altcoin' is no longer a slur

[Dec 4, 2022 5:39 PM] Thanks to Ethereum removing the stigma associated with “altcoins,” more projects have the opportunity to prove their name doesn’t matter.

Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

[Nov 28, 2022 11:05 AM] It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per…

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

[Nov 27, 2022 1:00 PM] While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as…

Altcoin SNM’s 4,000% Price Surge in 24 Hours Fuels Pump and Dump Claims

[Nov 20, 2022 2:30 PM] The trading price of the altcoin SNM suddenly rose by over 4,000% to $10.91 on Nov. 20, 5:30 a.m. (ET), while the coin’s 24-hour trade volume stood at just over $720 million. The altcoin’s abrupt price surge has fueled speculation that…

People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

[Nov 18, 2022 1:30 PM] Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no…

Consultancy Uncovers Best Altcoins To Profit From FTX Collapse

[Nov 17, 2022 11:08 AM] Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX’s demise. According to analysts, recent events are promoting a narrative that is strongly associated with…

FTX collapse followed by an uptick in stablecoin inflows and DEX activity

[Nov 14, 2022 4:00 PM] Investors piled into stablecoins following FTX’s collapse, and an uptick in DEX activity suggests a rising interest in self-custody options.

SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project

[Nov 13, 2022 11:00 AM] According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as…

FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags

[Nov 13, 2022 9:30 AM] Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on…