Altcoin Trading Declines, Bitcoin Value Rises
With the controversial debut of Zcash, decline of Ethereum and the stumbling value of Monero, the Altcoin market has had a relatively underwhelming week in terms of trading volume, price volatility and development. Meanwhile, Bitcoin has shown consistency over the past week, hovering at $736 in most major markets. Underwhelming performance of Altcoins. A few of the most highly anticipated and supported cryptocurrencies or assets are Ethereum, Zcash and Monero. Similarly, the three digital currencies or assets have strong development communities and cryptography that supports their....
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Over the past week, many altcoins have experienced significant price increases. What is striking about this trend is that it has not only affected altcoins with small market caps (whose prices are easy to manipulate) but has stretched to altcoin heavyweights such as Dogecoin and now Nxt, who have previously encountered prolonged price declines. CCN analyzes the Nxt price increase within the context of its recent downtrend. Nxt Price Rises 14% in 24 Hours. The Nxt price rose 14% in 24 hours from September 4-5. On September 4, the Nxt price was 5,980 satoshis. For most of the day, the Nxt....
Despite the never-ending chaos and shenanigans surrounding big-name exchanges such as Cryptsy, altcoin scalp trading (aka "altcoin scalping") is on the rise. Altcoin scalp trading is a blazing-fast style of cryptocurrency trading specializing in volatile markets: quick momentum trades for small, albeit consistent profits. As compared to the many hours conventional day trading and swing trading take to get in and out of position, altcoin scalping takes only seconds or minutes to get in or out of position. It's no wonder this style of altcoin volatility trading is becoming more popular by....
As Bitcoin & company continues to feel the gravity below its feet, there is an altcoin that is hovering high above all. Meet Darkcoin, the star of the last 24-hours. According to the latest figures, Darkcoin value has surged by more than 20% over the last 24 hours [Source: Coingecko]. The spike has indeed come as a surprise, as almost every other altcoin - including Litecoin and Dogecoin - out there seems to be in sync with Bitcoin's bearish price movements. Is Darkcoin Value Being Manipulated? Over the last few weeks, Darkcoin value has displayed near-term bull runs. For instance, during....
This marks the first installment of the CCN Weekly Altcoin News Update, which will profile altcoin news stories that have flown under-the-radar, but deserve coverage. This week's update examines the impressive rise of the Vericoin price, the introduction of Cryptsy USD markets, and a new Peercoin marketing campaign crowdsourced by the community. Vericoin Price Rises Dramatically. Most altcoins are little more than carbon copies of Bitcoin or another popular cryptocurrency. However, Vericoin offers a host of unique features such as Veribit, which enables users to spend Vericoins at stores....
Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today’s rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period. EOS EOS was trading mostly higher on Monday, as the token remained close to a three-month high. Last Wednesday saw EOS/USD rise to a high of $1.64, which was its strongest point since May 11. Since then, market uncertainty has heightened, with the token fallen 20 cents below that level, at $1.44, on Sunday. However,....