Altcoins
Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Upgrade
Published
2 weeks agoon
By
adminThey say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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Altcoins
Analyst Benjamin Cowen Predicts Altcoin Bleed-Out Toward End of the Year – Here’s Why
Published
11 hours agoon
September 15, 2024By
adminA widely followed crypto analyst is issuing a warning, saying that the rest of 2024 looks less than ideal for altcoins.
In a new video update, crypto strategist Benjamin Cowen tells his 813,000 YouTube subscribers that based on historical patterns, altcoins appear set to plummet near the end of the year and capitulate against Bitcoin (BTC).
Cowen says the capitulation also lines up with the beginning of a new interest rate-cutting cycle.
“If you connect the dots from the last cycle, 2018, 2019 to 2020, you can see that it basically tagged this trend line three times and then the third tag of the trend line ended up being the bottom.
We know that this interest rate cycle, this business cycle, has taken a little bit longer and if you connect the dots again – one, two and three – the third tag of the trend line might actually occur by the end of the year and coincidentally if you look at this trend line where you connect the dots, it hits 0.25 in Q4 which is exactly what I’ve said could be the ultimate outcome: alt/Bitcoin pairs capitulating before the end of the year.
So I think there is a case to be made that alt/Bitcoin pairs will simply get rejected at 0.4, they could still wick a little bit above it, but I ultimately think they will get rejected and they will come back down to the range lows before the end of the year.”
According to Cowen, altcoins will also bleed out against the top crypto asset by market cap due to low net global liquidity, which he argues is a big driver for digital assets.
“One of the things that you have to consider is what’s causing this to go down and arguably one of the main things is net liquidity. So if you look at the global net liquidity approximation, you will see that it has in fact been putting in lower highs and lower lows for a while and actually if you overlay this chart with alt/Bitcoin pairs, you can actually pretty clearly see that alt/Bitcoin pairs broke down to the fake out right at the same time net liquidity was having a fake breakdown.”
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AERO
One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock
Published
1 day agoon
September 14, 2024By
adminOne relatively new decentralized exchange (DEX) is gaining momentum despite the bearish conditions in the crypto segment, according to the digital asset analytics firm IntoTheBlock.
The firm notes the total market cap of major DEX tokens currently sits at $26.6 billion.
“After a brief rise earlier this year, the market has cooled down, wiping out any YTD (year-to-date) gains.”
IntoTheBlock notes that Uniswap’s native token, UNI, is the commanding asset in the space, with 74.93% market cap dominance. But Aerodrome Finance (AERO) is rapidly building momentum in the sector, “making waves in both market cap and volume,” according to the analytics firm.
Aerodrome Finance is a trading and liquidity marketplace on Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution. The project is a fork of Velodrome, a trading and liquidity marketplace originally launched on Optimism (OP), another Ethereum layer-2 scaler.
AERO, the 147th-ranked crypto asset by market cap, is trading at $0.71, up more than 16% in the past 24 hours. The token started trading in September 2023.
IntoTheBlock also notes that the DEX PancakeSwap (CAKE) “punches above its weight in volume, showing that it’s still a top contender despite its lower token value.”
CAKE is trading at $1.80 at time of writing. The 133rd-ranked crypto asset by market cap is up over 2% in the past 24 hours.
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Altcoins
Analyst Michaël van de Poppe Says Solana Rival Has Upside Momentum, Maps Path Forward for Bitcoin and Ethereum
Published
2 days agoon
September 13, 2024By
adminA widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential.
Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month.
“Altcoins are doing relatively well. SEI continues to find momentum, and I’d like to see it rally to $0.34 (preferably even above the previous high, but not expecting that yet), make a HL (higher low) and continue that rally to $0.44 in October.”
SEI is trading for $0.30 at time of writing, up more than 7% in the last 24 hours.
Next up, the analyst says that Bitcoin (BTC) may soon reclaim the $62,000 level if it can flip $58,000 into support.
“Bitcoin is doing what I wanted it to be doing. Great stuff, held above the crucial area of $56,000, and currently attacking resistance. If $58,000 breaks, then I suspect we’ll be at $62,000 in basically no time.”
Bitcoin is trading for $58,198 at time of writing, up nearly 4% in the last 24 hours.
Lastly, the trader predicts that Ethereum (ETH) will dip against Bitcoin (ETH/BTC) if Bitcoin breaks out into the $60,000 range.
“Clear invalidation is taking place on ETH for the bullish divergence as it’s on the fence of dropping sub 0.04 BTC. We’ll drop down some more if Bitcoin shows momentum to $61,000-$62,000.”
ETH/BTC is trading for 0.04039 BTC ($2,351) at time of writing, down more than 1% in the last 24 hours.
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