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A widely followed crypto analyst says that one top-100 altcoin that has seen massive gains over the last few days still looks strong while updating his outlook on Ethereum (ETH) and the stablecoin-focused blockchain Plasma (XPL). In a new thread, crypto strategist Altcoin Sherpa tells his 255,800 followers on X that privacy-focused blockchain ZCash (ZEC), which has seen its price skyrocket by 174% this week, is a strong token that still has room to grow. “Almost bought [ZEC] last night but didn’t; this green box is predictive of another leg [up], usually. Strong, strong coin.” Source: Altcoin Sherpa/X ZEC went from a low of $54 on September 28th to its current price of $145, a gain of about 170%. Moving on to the top altcoin, Sherpa says that while he’s skeptical that ETH has found its local bottom, things are looking up for the second-largest digital asset by market cap. “Was this ETH move really the bottom? I’m dubious but...

Avalanche price prediction shows AVAX surged 10.5% following FIFA’s blockchain partnership and also the $100 million Fusion initiative launch. The cryptocurrency jumped to $25.42, making it one of the top gainers right now as altcoin investments gain momentum from these strategic developments targeting real-world blockchain adoption. Source: CoinMarketCap Also Read: FIFA Signs Partnership With Avalanche (AVAX) to Build Its Own Blockchain How Avalanche’s FIFA Deal, Fusion Tech Drive AVAX Altcoin Hype Source: X FIFA officially selected Avalanche to power its dedicated blockchain network, and this represents a major shift in the sports organization’s Web3 strategy. This Avalanche price prediction catalyst comes as FIFA moves from fragmented blockchain platforms to a unified, purpose-built system that’s designed for its five billion global fans. “In order to achieve widespread adoption, our industry needs to shift from selling blockspace to delivering business value...

The former Chair of the U.S. Securities and Exchange Commission (SEC) Gary Gensler is warning that the future of non-Bitcoin (BTC) crypto assets is looking bleak. In a new interview on CNBC’s Squawk Box, Gensler says that most altcoins lack solid economic fundamentals and are almost entirely propped up by sentiment, putting them at high risk of a sudden collapse. “If you were interested in [crypto], think about [how] every financial asset sort of trades on a bit of fundamentals and sentiment, but this field is almost 99% – or maybe one might say 100% – sentiment and very little on fundamentals. And while something like Bitcoin may persist for a long time, because there’s 7 billion people around the globe, a real keen interest in it, there’s 10,000 or 15,000 others of these tokens, and to think through your own risk, your own personal risk, about where are the fundamentals, and if this is just about sentiment, then generally those don’t...

A closely followed crypto strategist believes that the native asset of a layer-2 scaling solution could witness an over 3x rally this year. Pseudonymous analyst Inmortal tells his 231,000 followers on the social media platform X that he’s bullish on Mantle (MNT), noting that he believes the altcoin has already printed a 2025 bottom at around $0.6. According to the trader, a 279% rally for MNT this year is a high-probability scenario. “Starting to feel like bottom is in. Big players have been buying over the last few weeks, and it shows. $3 in 2025 is very likely, high-conviction play for me.” Source: Inmortal/X Based on the trader’s chart, he seems to predict that MNT will surge to $1.30 in the coming months. At time of writing, MNT is worth $0.79. Turning to Bitcoin, the trader unveils a potential path for BTC to print a durable bottom this year. According to Inmortal, BTC could temporarily drop below $70,000 before igniting the next...

An altcoin on the frontier of where crypto meets science is coming alive following a new Binance listing. According to Binance, the world’s largest crypto exchange by trading volume just expanded trading services for BIO Protocol (BIO). “Fellow Binancians, Binance is excited to announce that BIO Protocol (BIO) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures…” In the hours following the announcement, BIO flew from $0.6738 to its current going price of $0.8382, a 23.5% increase. BIO is an Ethereum (ETH)-based ERC-20 token. According to the protocol’s website, BIO Protocol aims to “accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the ability to collectively fund, build and own tokenized biotech projects and intellectual property (IP).” The protocol places itself as a financial lay...

The Helium Mobile price surged over 72% in the last 24 hours to trade at $0.001832 as of 4:56 a.m. EST as investors go long on the altcoin. With the strong 24-hour performance posted by the MOBILE price, the crypto has emerged as the biggest gainer in the past trading day among the biggest 100 cryptos by market capitalization. Helium Mobile Price Forms An Ascending Trend Line 1-hour chart for MOBILE/USD (Source: GeckoTerminal) The Helium Mobile price rebounded off of the $0.001552 support to print a higher low, resulting in the formation of a positive trend line on the altcoin’s hourly chart. MOBILE then went on to break above the $0.001801 resistance level and is attempting to flip the next major barrier at $0.002026 into support. Should the Helium Mobile price breach the $0.002026 barrier through the course of the next 12 hours, it might then rise to as high as $0.002262 in the short term if buyers continue to exert pressure on the crypto’s price. On the other hand...

An altcoin in the Sui (SUI) ecosystem is skyrocketing after suddenly gaining support from Binance. In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding trading support for Cetus (CETUS), a decentralized exchange (DEX) and concentrated liquidity protocol on the Sui blockchain. According to Binance, CETUS opens up for spot trading as well as futures contracts in the USDT trading pair on Wednesday, while withdrawals are permitted starting Thursday. News of the listing sent CETUS, the project’s native asset, flying. CETUS shot up to a high of $0.341 Tuesday, up from Monday’s low of $0.163, a 109% gain. At time of writing, CETUS is trading for $0.31 with a current market cap of $101.8 million and ranked as the 439th largest crypto asset. Binance is applying a seed tag to CETUS, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens...

ETH is facing a potential downturn, as analysts predict a significant Ethereum price drop if crucial support levels are breached. With the recent volatility in the cryptocurrency market, investors are looking for alternative assets to hedge against the looming risks.  One promising option is a relatively new AI token , which has gained significant attention due to its innovative AI-powered platform and potential for massive gains. Ethereum Price At A Critical Juncture The Ethereum price has increased significantly, reaching $2,632. However, the cryptocurrency remains approximately 45% below its all-time high of $4,786, recorded nearly three years ago.  Ethereum's short-term outlook appears bullish based on technical analysis, with eight out of seventeen indicators signaling a buy.  However, the market still presents some risks, with the first major resistance level at $2,692. Should the price fail to hold above this resistance, it could fall to the $2,542 su...

Cryptocurrencies started moving positively again this Friday, August 23, following Jerome Powell’s dovish speech at the Jackson Hole Symposium. In this context, trading experts, analysts, and investors weighed in with insights on Bitcoin (BTC) and promising altcoins to watch. The crypto analyst—known as LLuciano_BTC , who also goes by Lucky —was one of these traders, naming a “bullish outlook” price chart. In particular, Lucky reported a 10.41% 24-hour surge for MultiversX (EGLD) at $31.40 per token by posting time. Notably, the chart highlights a falling wedge pattern with two tests in the support line and three tests in resistance. This chart pattern illustrates an asset losing bearish momentum, usually breaking out after this formation amid a growing bullish sentiment. Picks for you Solana's 'Adam and Eve...

An interoperable Ethereum (ETH)-based decentralized finance (DeFi) platform is skyrocketing after suddenly gaining support from Binance. In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding futures contracts for interoperability protocol Synapse (SYN). “To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the SYNUSDT Perpetual Contract at 2024-08-16 12:30 (UTC) with up to 50x leverage.” News of the listing sent SYN, the project’s native asset, flying. SYN is trading for $0.522 at time of writing, a staggering 32% increase during the last 24 hours. According to the project’s official website, Synapse, which was launched in August 2021, is a cross-chain network that is compatible with most other layer-1 and layer-2s, including but not limited to Binance’s BNB Chain, Arbitrum (ARB), Optimism (OP...

The Bitcoin spot ETF approval could have sparked an altcoin rally, with other cryptocurrencies outperforming the leader Bitcoin (BTC). With an institutional focus on BTC, the cryptocurrency market opens the door for what might be an altcoins’ weekend. In particular, traditional institutions only work on weekdays, and ETFs are not exchanged on weekends. Therefore, self-custody cryptocurrency investors could migrate their focus to assets unrelated to Wall Street action — the altcoins. Notably, Bitcoin market cap dominance rose from 51% on December 28 to over 55% on January 9 in the expectation of the spot ETF approval. However, it immediately dropped following the news, currently at 52.20%, signaling an ‘altseason.’ Bitcoin Dominance Index (BTC.D). Source: TradingView Nano (XNO) is the most trending word in the market The first altcoin to watch is Nano (XNO), which has been in the market’s spotlight in the last 24 hours. Surprisingly, the word ‘nano’ outperformed Bitcoin spot ETF...

According to a Dec. 6 post on X from Kaiko, the altcoin market share volume reached 67% last week, with Bitcoin and Ethereum sitting at 28% and 11%, respectively.  As suggested by a leading source of cryptocurrency market data, this indicates a shift in investor sentiment and a growing appetite for altcoin s. Chart watch With notable momentum since October, cryptocurrency enthusiasts are eagerly watching the charts, speculating whether this surge marks the beginning of a full-fledged altcoin season, a market cycle in which the price of a significant number of crypto assets, which are different from BTC, have better growth indices than the above currency. You might also like: Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar Is # altcoin season approaching ? Altcoin market share of volume has soared since October, hitting 67% last week. pic.twitter.com/cWEmpZ4key — Kaiko (@KaikoData) December 6, 2023 This perspective has since been s...

The broader crypto market is struggling to maintain momentum as major players like XRP (XRP) and Ethereum (ETH) pull back from recent highs. Bitcoin (BTC) remains range-bound under $38,000 as buyers and sellers battle it for supremacy. However, one emerging altcoin , TG.Casino (TGC) is defying the downtrend and gaining ground in its ongoing presale event. XRP struggles for momentum  At the time of writing, XRP is hovering just above the $0.60 level, having dropped 18% in the past two weeks. XRP is now trading around the same level it was during the first week of November, having formed a solid downward channel on the 4-hour chart.  You might also like: XRP analyst sees potential bottom, urges caution The coin did see a brief spike on Nov. 22 but failed to break resistance at $0.63. Since then, XRP has been declining alongside broader crypto market weakness. Trading volumes have also dried up slightly, with daily volume down to $1.4 billion in the past 2...

Even altcoins slumped, with only Ripple and Cardano registering inflows. Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone. This week in Fund Flows by @CoinSharesCo Head of Research @jbutterfill: Digital asset investment products saw outflows totalling US$55m — we believe this is in reaction to recent media highlighting that a decision by the US Securities & Exchange Commission to authorise a US… pic.twitter.com/Ecxx3GeZkR — CoinShares (@CoinSharesCo) August 21, 2023 Ethereum products didn’t fare much better given its market share. Ether funds saw $9 million in outflows, while Polygon, Litecoin and Polkadot also saw outflows totaling a combined $2 million. The only crypto currencies to exp...

Ryan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried's criminal trial, according to United States prosecutors. Former FTX executive Ryan Salame will reportedly avoid testify ing about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial. Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14 motion filed by United States federal prosecutors. “Salame’s attorney has represented that if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimination,” the prosecutor’s motion states, adding that Salame would be “unavailable as a witness.” From the US government's motion in limine in the Sam Bankman-Fried criminal trial: "[Ryan] Salame is unavailable as a witness... Salame’s attorney has represented that if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimin...

If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as "financial assets" for tax purposes in foreign investments. In addition, the bill taxes gains on crypto asset fluctuations against Brazil's fiat currency, as well as income from fluctuations in the exchange rate of foreign fiat currencies. According to congressman Merlong Solano, the revision seeks to promote equal tax treatment since crypto investments abroad currently receive lower tax breaks. The legislation places crypto assets held by Brazilians overseas under the same tax rules as traditional assets. The changes could make local exchanges less costly options for some investors, in part...