Is The Altcoin Market Dead? Why These Cryptocurrencies Have Failed To Move
The altcoin market has become a source of deep frustration for crypto investors during this cycle. Despite numerous forecasts from analysts, a clear and sustained altcoin phase has yet to appear in recent months. This has led to growing frustration as traders wait for a broad breakout among altcoins. But according to crypto analyst Sykodelic, […]
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The Dead Coins project has been given new lease of life by BTC education portal 99Bitcoins. Bitcoin education portal 99Bitcoins is the newly appointed undertaker of the cryptocurrency industry. It’s taken over the Dead Coins project, which provides a burial ground for more than a thousand dead cryptocurrencies, and breathed new life into the project by ensuring the list is accurate and by removing joke burials for Bitcoin, Tron, Dogecoin and Tether.Deadcoins.com was started in 2017 to document the demise of the hundreds of altcoins that materialized off the back of the ICO boom that year.....
CaliforniaCoin. CaliforniaCoin was a run-of-the-mill altcoin that hoped to capitalize on the media attention surrounding bitcoin investor Tim Draper's "Six Californias" plan. However, Draper failed to acquire enough signatures to get the proposal on the California ballot. CaliforniaCoin suffered a similar fate, and the developer eventually abandoned the project. A core group of investors tried to revive the project, but they have since gone silent as well. Nevertheless, the CaliforniaCoin price rose 900% during the past week-but why? Also read: Bitcoin Auction was won by venture capitalist....
Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower. Why Ethereum Could Be Headed Lower Crypto analyst TradingShot, in a recent analysis, outlined how the....
Bitcoin has jumped more than 10% in the last 24 hours as the coin’s price reaches $47.5k. Past pattern may shed light on whether this is just a dead cat bounce or a lead up to a real move up. Bitcoin Netflows Of Past Dead Cat Bounces Compared As pointed out by a CryptoQuant post, a look at the BTC netflows of the past cycles may reveal the pattern that dead cat bounces have followed historically. The Bitcoin exchange “netflow” is an indicator that’s defined as the difference between the inflow and the outflow. When exchanges observe higher inflows compared to the....
Like many in the digital currency community, I’m tired of the "bitcoin is dead" line that has permeated mainstream coverage of high-profile software developer Mike Hearn’s decision to quit the "failed" bitcoin experiment. Yet if we contemplate this misguided storyline, there's much to learn from it. It's up to those of us who believe this technology truly matters and that, in some shape or form, it will change the world, to shift the narrative. Let's use this opportunity to restart the public conversation. The first thing to acknowledge is that the doomsayers might be....