Sub-$500 Million Altcoin Dominates Crypto Discussion Following 573% Surge
In an interesting turn of events, one altcoin has seemingly come out of nowhere to dominate the discussions around crypto over the last week. Loom Network, with its native token LOOM, has barreled ahead of the likes of Bitcoin in this metric. Loom Network (LOOM) Takes The Spotlight In an X (formerly Twitter) post on […]
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Prominent crypto research firm Kaiko reports that the XRP token recorded impressive trade volume strides across August 2023. This development comes amidst the token poor price performance in the said month. XRP Dominates Altcoin Market In Trade Volume Amidst Price Downtrend According to the latest Data Debrief by Kaiko on September 4, the market research firm notes that XRP recorded an average daily trade volume of $462.8 million in August, representing the highest value of that metric in the altcoin market. Solana (SOL) followed in second place, with a trade volume of $128.4 million.....
Certain big names in the altcoin market are gearing up for an influx of tokens as a wave of token unlocks is approaching. According to data provided by Tokenomist, a notable number of major altcoin projects are set to experience a surge in circulating supply during the first week of December. Related Reading: Hold XRP […]
Solana has gained the favor of institutional investors recently which has seen a marked increase in the amount of inflows that the altcoin has recorded. This trend has continued with last week’s numbers which show a significant amount of inflows for Solana compared to the likes of Ethereum. Solana Inflows Reach $15.5 Million According to data from the latest CoinShares report, the inflows into Solana for the last week came out to $15.5 million. This came while some altcoins such as Ethereum saw outflows for the week. For context, Ethereum outflows reached $7.4 million in the same time....
For many people involved with Bitcoin, altcoins are nothing more than testnets. Hundreds of digital currencies are currently listed on CoinCap.io, but Bitcoin still dominates 78 percent of the market. In total, there are only 10 digital currencies with a current market cap of $10 million or more. When looking at the most popular altcoins, it’s easy to see that there are some cryptocurrency features that are more desirable than others. Many have said that any altcoin with useful features will eventually see those features incorporated into Bitcoin. Up to this point, it’s clear that many of....
Ethereum is one of the most popular cryptocurrencies and the largest altcoin available in space. However, the huge price surge of ETH means that investors may be looking for other alternatives to invest in. This guide will discuss three popular cryptocurrencies and review why a price surge for ETH is not as likely as these […]