Altcoin News Official TheBitTimes.com

A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it. In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures. Binance’s announcement came on the same day as BANK’s official launch on the BNB Chain. News of the addition sent BANK flying as the digital asset went from a low of $0.03 on April 18th – its launch day – to a peak of $0.057 just a few hours later. The token has since retraced and is trading for $0.044 at time of writing, a 13% decline during the last 24 hours. BANK is a low-cap altcoin with a market cap of $18.85 million. According to Binance, BANK/Tether (USDT) perpetual contracts with up to 50x leverage are available as of April 18th. On its official website, Lorenzo Protocol says it allows users to stake Bitcoin to obtain staked liquid tokens, whi...

Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins. In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend. Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH). “…now altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year… “ Source: Benjamin Cowen/X Cowen further says that Bitcoin is likely to continue outperforming altcoins until the US monetary policy eases. “My base case right now for Bitcoin dominance is that it will likely go higher until quantitative tightening is over… … I’m bullish on Bitcoin dominance because quantitative tightening has not ended. If the Federal Reserve were to end quantitative ti...

Shiba Inu (SHIB) had one of the greatest runs during the 2021 bull run. The asset’s price rallied by many million percent within a few months after its launch. Early investors made millions of dollars in profit with minimal investments. The rags-to-riches stories around SHIB solidified its status as a “millionaire-maker.” Also Read: Shiba Inu: SHIB Price Prediction 10 Years From Now Why Did Shiba Inu Rally So High In 2021? Source: Watcher Guru One of the most significant catalysts for SHIB’s incredible rally in 2021 was Vitalik Buterin‘s massive token burn. The Ethereum co-founder received half of SHIB’s supply upon launch. Buterin decided to burn 90% of the tokens he received. Buterin gave the remaining 10% of the tokens to charity. Also Read: Will GTA 6 Accept Crypto Payments? Buterin’s actions led to a substantial dip in the asset’s supply. At the time SHIB’s demand was pretty high as well. Both developments led to a significant p...

As XRP targets reclaiming the $3 spot, the asset’s current trading pattern resembles a historical movement that points to a potential upside of about 350%. Specifically, XRP appears to follow a pattern that echoes its historic 2017 rally, which saw the cryptocurrency skyrocket by over 1,300% in multiple phases. Now, if this pattern plays out, it could set the stage for an even larger breakout, potentially pushing XRP’s price to $12.50 in 2025, according to an Analysis by TradingShot shared in a TradingView post on February 14. Picks for you Here’s how Robert Kiyosaki’s top picks have performed in 2025 so far 16 hours ago HyveDA secures $50m in pre-deposits after Symbiotic mainnet launch 17 hours ag...

Chinese AI upstart DeepSeek has reportedly limited registrations from users with a mainland China phone number after it fell victim to a “large-scale malicious attack” on Monday. In a statement, the company says it has taken steps to “ensure continued service” but has reassured existing users that they can log in as usual. It’s currently unclear who is behind the attack or what form it took. The update from DeepSeek. Read more: AI agent market cap down almost 50% across January DeepSeek was founded by Liang Wenfeng and is owned by the hedge fund High-Flyer. It creates large language models (LLMs) that work similarly to OpenAI’s ChatGPT.  Its latest model, DeepSeek R1, was released last week and seemingly has tech markets spooked. The program is reportedly cheaper than ChatGPT , is open-source, and uses the underlying technology more efficiently. Indeed, a former employee claimed it has improved Nvidia GPUs that are usually capped for the Chinese market when...

The AI agent crypto sector plunged 5.5%, but new rival MIND Of Pepe defied the trend as it skyrocketed to almost $2 million in funding in only three days since its presale launched. The hot new AI sector’s market cap plummeted to $15.7 billion in the last 24 hours after steep declines for AIXBT (15.3%), AI16Z (14.3%), and VIRTUAL (7.9%), according to CoinGecko. AI Agent Crypto Market Slumps AI agent cryptos combine AI with Web3 technology and have become the hottest segment  in the digital asset space recently. The hype around the sector began after the launch of OpenAI’s large language model (LLM), called ChatGPT, in November 2022. That ignited a global AI race as companies and governments around the world raced to lead the pioneering field. Mind of Pepe Presale Soars Even As AI Agent Crypto Sector Plunges Despite the overall decline in the AI agent crypto market today, fund raising by new arrival MIND of Pepe ($MIND) is exploding. The new hybrid project, which...

A crypto analyst who nailed Bitcoin’s pre-halving correction last year believes BTC is poised for more rallies after flashing bullish signals on multiple time frames. Pseudonymous analyst Rekt Capital tells his 527,600 followers on the social media platform X that Bitcoin will likely continue its uptrend after flipping a previous resistance level into support on the three-month time frame. The trader shares a chart showing how Bitcoin cemented the $60,000 level as support in Q4 of 2024, putting BTC in a position to soar to even greater heights. “Post-breakout quarterly retest and trend continuation confirmed.” Source: Rekt Capital/X Zooming in, the trader says Bitcoin has shattered the psychological resistance area at $100,000, indicating that it’s now all blue skies for BTC. “Needs a daily close above $101,165 (black).” Source: Rekt Capital/X Bitcoin ended the previous trading day above Rekt Capital’s resistance zone...

The share price of MicroStrategy stock (MSTR) plunged 8% after the firm purchased $209 million worth of Bitcoin (BTC) amid growing concerns of the company’s “leveraged” play. MSTR lost over $27 during yesterday’s trading session, according to data from Google Finance . The bleed continued during after hours trading, with MicroStrategy stock dropping an additional 3%. MicroStrategy Stock Heavily Leveraged Through Convertible Notes And Debt Issuances The Kobeissi Letter shared concerns about MicroStrategy’s proposed 10 billion increase in authorized shares in a Dec. 30 X post. According to the trading resource, MSTR has heavily leveraged itself through a mix of convertible notes and debt issuances.  Something doesn't add up here: MicroStrategy, $MSTR, has been known as the most popular "levered" #Bitcoin play of the year. Meanwhile, over the last month Bitcoin has gained +2% while $MSTR is currently down nearly -50%. What is happening? Let us ex...

The global crypto market cap has fallen in the past 24 hours, but the overall market sentiment is positive. Cryptocurrency prices have fluctuated for a while, including Bitcoin (BTC). BTC finally went above 100K, even though it couldn’t stay above the 100K mark for long. Meanwhile, Ethereum (ETH) seems to be closing in on 4K. Identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attr...

Once trading at a modest $0.50 on November 3 with a market cap of $28.56 billion, XRP has skyrocketed to $2.66 as of December 3, a jaw-dropping 429% surge in just one month, with its market cap swelling to an extraordinary $151.4 billion, as per Finbold market cap data. XRP 1-month price chart. Source: Finbold This meteoric ascent has catapulted XRP to the third-largest cryptocurrency by market capitalization. It’s not just climbing—it’s dominating. Over the past week alone, XRP has gained an eye-popping 88.87%, with a 12.31% increase in the last 24 hours.  The token’s trading volume has also exploded, reaching $42.61 billion in the past 24 hours, up 30.37%. Outperforming both Bitcoin and Ethereum, XRP is comfortably trading above its 200-day simple moving average and has recorded 20 green days in the last 30—a 67% success rate. Picks for you ...

The cryptocurrency industry has witnessed the advent of an array of coins. Meme coins, in particular, have taken over the market. Shiba Inu (SHIB), a fairly new meme cryptocurrency has emerged as a favorite among the community. The asset made its debut in 2020 and has grown by 1944604.08% ever since. Can the asset rally in the coming year and attain its much-awaited milestone of 1 cent? Also Read: Trump’s Oil Deal: How Venezuelan Migrants-for-Crude Deal Impacts U.S. Shiba Inu’s Current Price Level Source The entire market was on an uptrend. Several assets including Shiba Inu was rising by over 2% throughout the past 24 hours. At press time, the meme coin was trading at $0.00002589. In the last 12 months, the cryptocurrency recorded a 212% spike. Shiba Inu surged all the way to a high of $0.00004534 from a low of $0.000008156 during this period. Despite its price growth, the asset’s market cap has recorded increased fluctuations. After entering the coveted top ten earlier thi...

With Ethereum experiencing a notable rally over the last month, is $3,000 ETh still a possibility at some point in 2024? The second-largest cryptocurrency by market cap is currently maintaining a position above $2,6000. Moreover, all eyes are on where it could go before the end of the year. ETH STaking recently reached an all-time high in Q3, showing that even more holders are seeking hields. Moreover, several reports have highlighted points of optimism for the cryptocurrency. But is it enough to set a new high for the year over the next three months? Also Read: Ethereum’s Buterin Explains ‘The Surge’: Will ETH Reach 100K TPS? Ethereum to $3,000: Can ETH Sprout a Surge to Pass the Milestone to End the Year? Ethereum has been the victim of a rather underwhelming year. The crypto market has seemingly increased in exposure and prevalence, but that has not yet reached ETH, as it has not experienced the same success as Bitcoin. Yet, there is some hope considering the recent surge in value i...

Stablecoin issuer Tether Holdings Ltd is reportedly considering venturing into commodity trade financing amid a growing cash pile. According to a Bloomberg report, Tether Holdings, which generated $5.2 billion in net profits in the first half of 2024, is exploring the possibility of providing loans to commodities trading firms. Citing ‘people familiar with the matter,’ the report says that Tether has entered discussions with several commodities trading companies with a view of offering US dollar loans to the sector. Tether Ceo Paolo Ardoino tells Bloomberg he believes the opportunities in the commodities trading sector will be “massive in the future.” “We likely are not going to disclose how much we intend to invest in commodity trading. We are still defining the strategy. We are interested in exploring different commodity trading possibilities.” Bloomberg’s anonymous sources say Tether has also spoken with commodity trading firms about ways to...

A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50. Despite the possible breakout, Altcoin Sherpa says he wouldn’t buy at WIF’s current level. Source: Altcoin Sherpa/X WIF is trading at $2.47 at time of writing. The 42nd-ranked crypto asset by market cap is down more than 7.6% in the past 24 hours. The analyst also thinks the memecoin Popcat (POPCAT) could witness a short price surge. “Wouldn’t be surprised to see some sort of parabolic blow-off top to $2 or something and then this thing dies for a bit. All cat beta should follow the same pattern. Would NOT recommend buying most cat tokens at current levels; wait for a pullback if you can.”  Source: Altcoin Sh...

A cryptocurrency trader and analyst says one red-hot Solana (SOL)-based memecoin may have even more upside potential. The analyst pseudonymously known as Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) could soon flip $1 into a support level. “One coin that I think still looks pretty good is Popcat. I think this coin is going to break the $1 area significantly. I don’t know when. And if Bitcoin shits the bed, then obviously it’s not going to. But it still looks incredibly strong. And I’m still of the opinion that cats catch up to dogs a little bit this cycle. Don’t know what it’s going to look like or anything like that.” Source: Altcoin Sherpa/YouTube Popcat is trading for $0.96 at time of writing, up more than 18,000% since hitting a low of $0.00533 in January. With a current market cap of $944.2 million, the memecoin is the 80th largest crypto project. Next, the analyst outlines one possible s...