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    90% of these altcoins outperformed Bitcoin recently

    Experts often say the altcoins rally with Bitcoin, and even fall with it. On 21 January, Longhash revealed that in the last seven days, 92% of crypto tokens "outperformed Bitcoin." Bitcoin rallied to new ATHs and has remained over the $30,000 range, which still accounted for less volatility compared to previous rallies. However, with increasing prices, and FUD taking over traders,...

    • 17 min ago
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    This early investor just sold his Ethereum stash he hodled for five years

    When stories of Bitcoin millionaires began to emerge alongside the asset's rally, Ether's users also had a tale or two to share. An anonymous hodler who bought Ether, when it was trading at $2, is apparently "fully out of the game." The trader who goes by the handle "u/FollowMe22" on Reddit apparently sold Ether recently. The early investor...

    • an hour ago
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    Chinese city to issue $3 million in digital Yuan in pilot giveaway

    For the third time, China's southeastern city of Shenzhen will issue the nation's digital currency as part of an ongoing pilot program to test China's central bank project among its citizens. Authorities will giveaway digital currency in the "red envelopes" event, which will be worth 200 yuan (about $31) each, through a random draw. In total, about 20...

    • 2 hrs ago
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    Will altcoins like XRP, Monero, Zcash see a comeback to pre-2018 levels?

    Bitcoin's dominance is currently at 64.8% in comparison to 2017 in which its dominance was over 68%. The current crypto market cap is well distributed among top altcoins and stablecoins. After the price rallies in the current market cycle, nearly 100% of crypto wallet addresses are profitable. However, the same doesn't hold true for altcoins with lower market...

    • 3 hrs ago
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    Battle for DeFi: Upcoming upgrade to help Kyber Network take on Uniswap

    On-chain liquidity protocol, Kyber Network announced a host of improvements to its architecture primarily due to a proposed upgrade to Kyber 3.0, which will transition "Kyber from a single protocol into a hub of purpose-driven liquidity protocols." According to a blog post, Kyber's architecture change will be implemented in two phases dubbed Katana and...

    • 4 hrs ago
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    Where is Ethereum's price rally headed?

    Is Ethereum recovering from the correction post the new ATH or approaching a sell-off? This is a burning question for many retail traders as the bloodbath across the altcoin market continues. Ethereum was ranking #1 in terms of transaction volume, though the asset beat Bitcoin to it, the top driving factor was the social volume and sentiment of retail traders. Ethereum's social volume is relatively...

    • 5 hrs ago
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    Binance Coin Price Analysis: 21 January

    Binance Coin like every other altcoin is undergoing a correction that has caused a drop of 14% in 48 hours. By the looks of it, this drop will continue, at least until Bitcoin stops crashing. However, Bitcoin whales are depositing their holdings on exchanges suggesting that the whales might not stop anytime soon. Hence, BNB will continue to drop until immediate supports are tested. Binance Coin 4-hour...

    • 5 hrs ago
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    Ethereum 2.0: Client diversity still a challenge

    Over $3 billion worth of ETH is now staked in ETH 2.0, representing 2% of the total supply of ETH in existence. Vitalik Buterin called this the 'ultimate bet on progress' as over 4800 users have now deposited 32 ETH or more. However, data from etherscan reveals that 31.2% of deposits come from Exchanges and 10.6% from Whales. Source: etherscan Breaking this down further, Kraken alone...

    • 7 hrs ago
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    Why Bitcoin may close January below the $35000 price level

    Open interest in CME Bitcoin options has increased 39.7% since the start of 2021 and its trade volume has also increased. Though Bitcoin is range-bound and has been after hitting $41000, there is an increased activity from institutional investors on spot exchanges. However, in the past week, on CME Bitcoin Options, the trade activity suggests that traders may have been awfully quiet or...

    • 7 hrs ago
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    Why are whales flocking to Bitcoin over Ethereum?

    Ethereum's price rally was in full swing, before the 5.9% drop in the past 24 hours. The price has dropped from the ATH and Ethereum is now trading at the $1300 level. Nearly all cryptocurrencies are bleeding currently, including Bitcoin, with a massive 24-hour price drop of 5.2%. This hasn't affected the sentiment of retail traders on derivatives exchanges and an altcoin rally was in...

    • 8 hrs ago

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