Tokens of Near (NEAR) and Cosmos (ATOM) were among the only gainers among major cryptocurrencies in the past 24 hours as the broader market extended its slide.Prices of Near and Cosmos have almost doubled in the past month amid increased interest in layer 1 blockchains. Layer 1 refers to blockchain platforms such as Ethereum or Avalanche over which developers can deploy … [Read more...] about Near, Cosmos Defy Altcoin Plunge With Price Surge
Altcoin
An Advisor’s Guide to Altcoin Investing
While 2021 was certainly the year of bitcoin, investors with a particular type of risk appetite are diversifying their crypto portfolios with altcoins.The term “altcoin” is short for “alternative coin” and refers to cryptocurrencies other than bitcoin. Ether is perhaps the most popular altcoin, though crypto insiders quickly bring up other names like the bitcoin copycat … [Read more...] about An Advisor’s Guide to Altcoin Investing
Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot network. Parachains are distinct blockchains that run atop the main Polkadot network. Polkadot, however, has a limited number of openings available. To gain access, a parachain has to win a community-run auction that uses DOT to vote for slots, leading to … [Read more...] about Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
Avalanche, Cosmos Lead Crypto Losses Amid Altcoin Purge
“The current macro de-risking attitude from traditional finance investors has also affected the broader crypto market, meaning that the most common names will see an obvious decrease in pricing,” James Wo, founder of crypto investment fund Digital Finance Group, said in a Telegram message. Source link … [Read more...] about Avalanche, Cosmos Lead Crypto Losses Amid Altcoin Purge
Bitcoin Dips as China’s Evergrande Defaults; Altcoin Outperformance Could Fade
“As of recent weeks, bitcoin has surfaced more like a risk asset – correlations against U.S. equities spike above 0.6 the past few days alongside the sell-off in technology stocks last Friday,” Lennard Neo, head of research at Stack Funds, a crypto investment firm, wrote in a report on Thursday. “However, crypto assets did not see the same rebound that U.S. equities had earlier … [Read more...] about Bitcoin Dips as China’s Evergrande Defaults; Altcoin Outperformance Could Fade