Latest updates on the coins ALGO, IVY, and Phantom.
Bitcoin needs to reclaim old support to continue next leg up.
As Bitcoin (BTC) continues to dominate headlines with its record-breaking surge, up 46% since November's election and 133% year-to-date, attention is shifting to altcoins that offer high potential at a lower price point.
Continues our analysis of the crypto world, in particular the assets we will analyze today are: XRP, IOTA, and XLM. Market statistics of the crypto XRP, IOTA, and XLM XRP, currently traded at 2.17 USD, ranks as the fourth most popular cryptocurrency, with a market capitalization of 124.7 billion dollars.
IOTA (MIOTA), a cryptocurrency designed to power the Internet of Things (IoT), has garnered significant attention due to its unique architecture, called Tangle, which sets it apart from traditional blockchain-based cryptocurrencies. As of now, IOTA is priced at approximately $0.315, with a market capitalization exceeding $1.12 billion.
Algorand (ALGO) has seen impressive growth in recent months, particularly with a substantial surge of over 250% in Q4 2024. Despite these gains, ALGO is still trading far below its all-time high of $3.28, suggesting that the coin remains undervalued and has significant potential for growth.
IOTA has announced change in its tokenomics model, leading to a 8% price surge and bullish analyst sentiments.
What are crypto whales buying? This is one question that investors would want to know, especially at a time when prices of altcoins are nowhere near the peak they hit some weeks back.
As 2024 comes to a close, the cryptocurrency market remains a landscape of volatility and opportunity, drawing the focus of traders and investors alike. Amid widespread selloffs and a bearish outlook, a select group of altcoins is defying the odds, gaining momentum, and positioning themselves for significant milestones.
Key improvements of the upcoming IOTA Rebased upgrade include increased scalability, enhanced security measures, and a new tokenomics model with staking rewards. The post IOTA Community Gives Green Light to Rebased Protocol Upgrade appeared first on Cryptonews.
Spike in active addresses could be as a result of traders selling ALGO to minimize their losses during the dip.
Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.
Algorand (ALGO) has declined 34% to reach a critical $0.40 support level, where it currently trades with decreased volume and momentum amid bearish technical indicators.
Bitcoin's (BTC) price hit another milestone on Tuesday, touching historic peaks above $107,000. While the Fear and Greed Index reads “Extreme Greed,” Ripple's XRP and Algorand (ALGO) attracted the attention of altcoin enthusiasts. Bitcoin breaks ATH records The leading crypto by market cap stirred the markets today after hitting the $107,780 all-time high.
Algorand's price has faced a sharp decline of 34%, dropping from $0.61 to a critical support level of $0.40. This steep correction came amidst a shift in the broader cryptocurrency market, triggered by Bitcoin's dominance reclaiming momentum and cooling off altcoin gains.
SuperTrend indicator flashed sell signal for ALGO on the 4-hour chart.
Jasmy Coin price has had a spectacular bull run this year, soaring by over 550% as the crypto bull run gained steam. With Bitcoin soaring to a record high on Monday, and crypto fear and greed index in green, there are rising odds that the JasmyCoin price will continue rising this year.
ALGO's Open Interest has been slowly trending lower, as has the spot CVD.
Algorand (ALGO) has recently witnessed a surge of 12.52% in the past 24 hours, bouncing back from a pullback earlier this week. This upward movement comes on the heels of a market correction that saw ALGO decline by 4.26% on the weekly charts.
Algorand has surged by 12. 52% over the past day after a weekly decline.
Jasmycoin (JASMY), one of the more talked-about cryptocurrencies in recent weeks, experienced a significant surge in whale activity before its price rally hit a temporary stall. As of December 2024, the coin surged to a local high of $0.059, driven in part by increased interest from large investors, often referred to as “whales.
Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.
Algorand's price stands at around $0.42, following a significant surge during Q4 of 2024, where it saw over 250% growth. Despite this surge, the ALGO coin is still far from its all-time high (ATH) of $3.28, a price it reached in 2019.
Hoskinson discussed the potential role of Cardano and other leading blockchain projects like Multiverse, Algorand, and Hedera in shaping the crypto policy landscape under the new U.S. administration.
The supply distribution supported the idea of distribution leading up to the end of November, but there has been some buying as well.
IOTA price experienced a harsh reversal this week, becoming one of the worst-performing top-100 cryptocurrencies. IOTA (IOTA) has declined for four consecutive days, reaching a low of $0.3400, down 46% from its year-to-date high.
Algorand [ALGO] has captured attention in the blockchain community with a staggering 300% increase in its Total Value Locked (TVL) within just 30 days. This rapid growth has brought the blockchain's TVL to a peak of $244.74 million, a significant milestone for its ecosystem.
IOTA (MIOTA), a cryptocurrency centered on the Internet of Things (IoT), has garnered attention due to its unique distributed ledger technology that facilitates seamless, low-cost transactions between devices connected to the internet. IOTA's vision of powering smart cities, automating industries, and supporting global trade has made it a prominent player in the crypto space.
Algorand (ALGO) has recorded impressive price actions in the past few sessions as bulls pushed past crucial resistances. Further, the crypto project saw a significant surge in total value locked over the last month, underscoring renewed investor interest in Algorand blockchain.
JasmyCoin (JASMY) has made a remarkable leap, reaching a 2-year high after experiencing an impressive 34.3% surge in a single day. The altcoin, which saw its price spike from a low of $0.039 to a high of $0.059, has gained significant attention within the crypto community.
Algorand's TVL has soared over 300% in 30 days, reaching $244 million before stabilizing at $184.5 million.
The crypto market just wrapped a highly bullish phase, with the global crypto market cap surging by $220 billion to reach a record-high valuation of $3.8 billion as of Sunday.
JasmyCoin (JASMY) has become one of the top-performing altcoins, with its price soaring by 125% over the past month. This significant rally marked the cryptocurrency's breakout from a two-year consolidation period, with the price peaking at nearly $0.06, a level not seen since January 2022.
Bitcoin's price soared to a new all-time high this week, surpassing the eagerly awaited $100,000 mark, which led to a significant surge in the altcoin market. This surge followed a slight dip in Bitcoin's value, creating a rush among investors to switch to altcoins.
Algorand (ALGO) has been riding high in recent weeks, with a significant increase in active addresses on its network. Since December 1st, active addresses surged by an astonishing 300%, jumping from 123,570 to 427,230, signaling a rise in network activity.
JasmyCoin has surged by 34.3% over the past day to reach a 2-year high as whale activity soars by 176.43%.
JasmyCoin price went parabolic this week, reaching its highest level since 2022 as Bitcoin rallied and after starting a partnership with IoTeX. JasmyCoin (JASMY), popularly known as Japan's Bitcoin (BTC), was trading at $0.
Bitcoin (BTC) retreated sharply from its all-time high of $103,604, dipping to a low of $94,035 before recovering to climb back above $$97,000 and to its current level. The drop came a day after BTC crossed the historic $100,000 mark, with its market capitalization also shrinking to $1.95 trillion.
JasmyCoin price went parabolic this week as investors piled into Bitcoin alternatives after the biggest coin in the industry blasted past the $100k mark. Jasmy, often named the Japan's Bitcoin, soared to a high of $0.0590, its highest swing since January 2022. It has jumped by over 963% from its lowest point this year.
Algorand strikes like lightning in the crypto jungle. But a sudden dive reminds us that the skies do not forgive excess.
With a market cap of $2,563,006,429 and a 24-hour trading volume of $2,181,194,443, JasmyCoin demonstrates strong investor interest. Over the past month, JasmyCoin's recovery rally has broken a long-standing resistance trendline, ending the lower-high trend formation. Will the ongoing recovery rally surpass this critical psychological mark? Let's find out in our latest JasmyCoin price analysis.
The cryptocurrency market witnessed a rollercoaster ride today, with Bitcoin (BTC) rebounding after a steep dip and altcoins showing mixed performances. While BTC reclaimed some losses, JasmyCoin (JASMY) stole the spotlight with a remarkable 36% surge. Meanwhile, Solana (SOL) emerged as the top gainer among major cryptocurrencies, rising 6%, as market sentiment remains cautiously optimistic.
Crypto markets again turned extremely bullish after the Bitcoin price achieved the milestone above $100K. This triggered some of the altcoins like Ethereum that traded close to $4000 but failed to surpass the pivotal resistance. However, among the top gainers was JasmyCoin, which broke the 2-year consolidation and marked highs close to $0.
The cryptocurrency market experienced a flash crash today, with Bitcoin (BTC) plunging to $92,000 after reaching an all-time high of $103,000. Major altcoins, including Ethereum (ETH) and XRP, mirrored this trend, leading to significant liquidations across the market.
JasmyCoin (JASMY), a cryptocurrency powered by blockchain-based Internet of Things (IoT) technology, has emerged as today's top-performing altcoin. Its price skyrocketed by 25% in the past 24 hours.
Algorand's active addresses spiked by 300% since 1st December. Over the past 24 hours, Algo has declined by 10.5% signaling market correction.
A drop below $0.032 would be a sign that the JASMY uptrend was losing strength.