Top Altcoins to Buy as XRP Prepares for More Gains
Recent data suggests that $XRP’s short-term rally might have reached an exhaustion point. Reasons for this include a lack of new bank partnerships and only partial regulatory clarity. However, the crypto’s weekly volume is still above $700M. Plus, the recent launch of Doppler Finance, the first DeFi protocol on the XRP Ledger, is undoubtedly a significant development for the network. Reacting to the news, Raoul Pal, the CEO of Real Vision, said that new use cases being developed for the XRP Ledger will boost its potential and, therefore, its price. He’s optimistic that....
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Crypto investors had been moving out of altcoins through the market downtrend due to the high volatility that rocked these digital assets. As a result, the fall in these altcoins was more brutal than that recorded in bitcoin. However, as the tide has begun to turn and the market is looking towards more of a bullish trend, these altcoins have taken their place at the top of the recovering chain, prompting investors to rush back into them. Altcoins Provide More Gains Over time, it has been shown that altcoins record the widest movements during any type of market. So just as they have a high....
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government of Portugal Proposes New Tax for Cryptocurrency-Related Gains In the past few years, Portugal has established itself as one of Europe’s most crypto-friendly countries, with a decision to refrain from taxing gains derived from crypto trading, unless they’re part of a business activity, playing a key....
Bitcoin has been struggling for the last month and has struggled to hold the $20,000, losing its footing multiple times. Through this time, altcoins, while having followed the digital asset on the way down, had begun to gather momentum through the small recoveries recorded over the last couple of weeks. As July draws in on its first weekly close, performance across the market has shown that bitcoin is getting left behind. Altcoins Take The Lead The altcoins had been the worst losers of the downtrend. Although all of the indexes including bitcoin had seen losses into the double-digits, the....
Data shows that while September has been a brutal month for most cryptocurrencies, mid-cap altcoins have barely made it through with positive gains. Mid-Cap Altcoins Register Positive Gains Despite Bloody September As per the latest Arcane Research weekly report, the month of September has been quite bad for many cryptos including Bitcoin and Ethereum, but mid-cap altcoins seem to have just barely reached the finish line with overall positive gains. The month has historically been bad for the digital currency market as a whole, and this is the fifth consecutive time that BTC and others....
Bitcoin’s recent price gains have spread to other cryptocurrencies and altcoins, according to Charles Hayter, chief executive officer and founder of CryptoCompare, which provides data on cryptocurrencies, MarketWatch reported. Ark Invest and Ethereum have been among the winners. Chris Burniske, a blockchain analyst and product lead at ARK Invest, said bitcoin’s gains, driven by the fall of the Chinese yuan, are filtering into the broader market as bitcoin traders look to reinvest their profits. Cryptocurrency investors typically put profits in other cryptocurrencies rather than fiat....