Litecoin's halving event is less than five weeks away. The approaching date is causing a significant rise in the network's hash rate, which has already reached an all-time high. This, in turn, has caused the price of Litecoin (LTC) to rise by more than 15% over the past week. At the time of writing, Litecoin has crossed the crucial $100 mark.
Jeremy Allaire, CEO of Circle, the company in charge of issuing the USDC predicts increased demand for various digital assets. These include Dogecoin, Bitcoin, Ethereum and Cardano. He points out that demand will mainly come from emerging markets, of which Hong Kong and China are central. It's worth remembering that despite some occasional rises, the cryptocurrency market in general is in decline.
In an ever-changing crypto market, Cardano's (ADA) resilience is proving exceptional. Benjamin Cowen, CEO of ITC Crypto, highlights the crypto's performance in the midst of a bear market.
Altcoins, innovative digital assets with a wide range of functionalities, offer promising investment opportunities that are attracting a multitude of investors. The latter are particularly drawn to the exceptional performances achieved by these alternative currencies during the "altcoin season", to the point of sometimes overshadowing Bitcoin (BTC), the first and main cryptocurrency. In response to this phenomenon, many analysts and investors seek to draw comparisons between Bitcoin and altcoins, in order to refine or enhance their investment strategies. Specialist research firm K33 Research has also embarked on this analytical journey.
The SEC appears determined to take drastic measures in the crypto sector. After officially targeting two major crypto exchanges, it is now intervening in cryptocurrencies. The classification of certain cryptos as unregistered securities has triggered a price drop for many altcoins. Among them, Algorand and Flow reached their lowest levels over the weekend.
Benjamin Cowen, a leading analyst with a YouTube following of approximately 783,000, sheds light on a concerning trend he believes is on the horizon: a significant drop in altcoins could be imminent. According to him, this comes as no surprise, as it's simply a repetition of historical cycles.
The next Litecoin Halving Event is scheduled for Wednesday, August 2nd. On this occasion, the block reward of 12.5 LTC will be reduced by half to 6.25 LTC. A major disruption in the price of Litecoin and the cryptocurrency market in general is expected after this event. However, with only two months left until the Litecoin halving, things seem to be accelerating. Let's explain!
Several analysts are betting on the SEC's defeat against Ripple after a long and tough legal battle. We just have to wait for Judge Torres' verdict, which they believe will favor Brad Garlinghouse's company. As this case approaches its conclusion, crypto investors see positive signs everywhere. The robust performance of XRP and the enthusiasm of whales for this cryptocurrency speak volumes on the matter.
Raoul Pal, the founder of Real Vision, former Goldman Sachs executive, and macroeconomics expert, recently shared his optimism about Solana (SOL) in the latest edition of the Global Macro Investor (GMI) newsletter. Drawing on his technical analysis expertise, Pal remains convinced that Solana is on the verge of a significant uptrend.
As a blockchain platform, Cardano (ADA) stands out from other crypto protocols. Since its launch, the project has embraced an innovative approach, particularly in the field of decentralized finance (DeFi). In recent months, significant progress has been made, with the Total Value Locked (TVL) in the Cardano ecosystem reaching a major milestone, approaching 400 million ADA.
The social analytics platform LunarCrush has conducted a cryptocurrencies analysis in terms of social engagement, revealing that Pepecoin (PEPE) competes with well-established major cryptocurrencies. Let's take a look at the results of LunarCrush's analysis.
A popular crypto strategist has predicted a significant drop in altcoins, while also updating their outlook on Pepecoin (PEPE) and Avalanche (AVAX), a rival of the Ethereum (ETH) network. The analyst, known by the pseudonym Sherpa, informed their 195 Twitter followers that altcoins could plummet by up to 50%.
Snek (SNEK) is a memecoin that was recently launched on the Cardano blockchain. Typically, Charles Hoskinson posts about the latest developments in the Cardano ecosystem. However, lately, the founder of Cardano tweeted about the new memecoin. The community didn't miss the sudden interest of the founder in SNEK, especially at a time when memecoins are all the rage.
An anonymous analyst predicts an increase in the value of the SUI token, suggesting buying at around one dollar. They also recommend investing in Pepe, despite its controversial reputation, and believe that Chainlink could be a good buying opportunity once it emerges from its long accumulation period. Keep a close eye on them!
Blockchain analysis platform Santiment is optimistic about the upcoming price increase of five cryptocurrencies. However, the context favors a significant decrease in altcoin prices compared to Bitcoin (BTC). Nevertheless, Santiment believes that Litecoin (LTC) and four other altcoins are undervalued.
There is a heated debate going on in the crypto world about the centralization of Ripple (XRP) between supporters and detractors of this cryptocurrency. Justin Bons, founder of CyberCapital, has accused Ripple's leaders of making false promises of decentralization. But Matt Hamilton and David Schwartz are not backing down, and they vigorously refute these allegations. The debate is raging, and it doesn't seem to be stopping anytime soon!
Matt Furie is the creator of Pepe The Frog, a cartoon character representing a “chill frog dude” that recently gained popularity in the world of cryptocurrencies. He stated during a live Twitter chat that he is not aware of the existence of Pepecoin. Known for his lawsuits against bad jokes about his iconic meme, Furie may take legal action again.
This prediction comes from Kevin Svenson, a crypto analyst with 126,000 followers on Twitter. He has stated that Bitcoin is gearing up for a bull run, and altcoins like LINK will follow it.
Shytoshi Kusama was very clear about it: “no burn, no bull run”. And his message was heard: the number of SHIB burned in April exceeded the 3 billion mark. Although this represents only half of March's achievement, the Shiba Inu community remains confident.
The crypto market is in turmoil since Ripple's latest announcement. The crypto company has reportedly locked up 700 million XRP and plans to sell 300 million XRP. This decision has sparked numerous questions and huge fears among crypto investors.
Bitcoin and Litecoin are often compared to gold and silver. These two cryptocurrencies share several similarities, including the halving phenomenon. In 2023, crypto analysts predict a notable difference between the upcoming Bitcoin and Litecoin halving.
SHIB, the meme-inspired crypto has managed to seduce Binance. The Exchange, has decided to take it out of its Innovation Zone and place it in the category of projects with high growth and sustainability potential. This gesture of confidence could well further strengthen SHIB's position in the market and encourage investors to take a closer look at this crypto.
The crypto market seems to be regaining height since the beginning of the year. Some Altcoins are gradually climbing back up after hitting their DIPs. Price forecasts could be positive for some tokens, estimates this crypto analyst. He analyzed FTM, XRP, Cardano and Solana, cryptos that have shown a bull…
The two biggest cryptos by market cap have been on a relatively upward trend since the beginning of the year. Several analysts have recently stated that this trend could continue for ether (ETH) – particularly. Santiment has actually suggested that Ethereum has the potential to climb to more than $2,000,…