CluCoin: A Gem Within a Crowded Space
The cryptocurrency industry is expanding at a fast pace. Hundreds upon hundreds of projects are being launched on a daily basis, promising to become the next big thing. While some of these startups make strides to expand the utility of their networks, others are trying to gain some visibility in such a crowded market. It […]
Related News
"Long bitcoin" is one of the most crowded trades in markets, a new survey suggests. But signs indicate many investors are just now getting in.
Bitcoin had been most-crowded trade in January as prices rose to a $40,000 record.
DNotes (Digital Notes). The specs: DNotes are a new scrypt-based cryptocurrency, with a one minute blocktime and total issuance of a half billion. The coin features Kimoto Gravity Well to prevent pool hopping. The initial block reward is 250 coins, set to halve after 500,000 blocks. The plan: with over 100 existing altcoins and more every week, the altcoin space is increasingly crowded and competitive. Particularly with the price of Bitcoin and major alts (like Litecoin, Peercoin and Namecoin) currently down, the pressure on altcoins to stand out via innovation and savvy marketing is....
The most recent Bank of America Fund Manager Survey finds that the most crowded trade is “long bitcoin.” Nonetheless, 75% of fund managers say the cryptocurrency is in a bubble zone. Fund Managers Say Long Bitcoin Is Most Crowded Trade but Most See Bubble The Bank of America (BoA) Fund Manager Survey for May, published Tuesday, shows that “long bitcoin” is currently the most crowded trade in the world. Last month, long bitcoin was the second-most crowded trade, with the most crowded trade being “long tech.” Bank of America surveyed 216 fund managers with....
Bank of America noted that trades identified as "crowded" have historically been associated with incoming market tops. Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America, this could indicate that the current bull cycle's market top is still to come.Bank of America's most recent fund manager poll suggests that the “long Bitcoin” bet is now the most crowded trade across all markets, with nearly 45% of respondents indicating it ahead of other trades like “long tech,” Bloomberg reported....