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Category: Altcoin News

Galaxy Digital CEO Calls Market Correction A Result of ‘Tax Day’, Says Bull Run Will Continue

Mike Novogratz, the CEO of crypto custody service provider Galaxy Digital appeared on CNBC to talk about recent market correction and suggested the price fall was nothing extraordinary, and when the markets get ahead of themselves, correction is a natural phenomenon. He even compared the recent correction to “tax day,” saying a lot of people

The post Galaxy Digital CEO Calls Market Correction A Result of ‘Tax Day’, Says Bull Run Will Continue appeared first on Coingape.

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Despite ETH Price Volatility, Ethereum Whales Continue Holding Strongly

While Ethereum (ETH) was subjected to massive price volatility, the fundamentals of the world’s largest cryptocurrency continue to remain strong. As a result, Ethereum has regained its levels above $3500 with its market cap soaring past $405 billion. As CoinGape reported, ETH has formed a bullish pattern on the technical chart and is eyeing a

The post Despite ETH Price Volatility, Ethereum Whales Continue Holding Strongly appeared first on Coingape.

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Institutional-Grade Exchange Traded Products For Cardano (ADA) and Polkadot (DOT) Coming Soon

Having registered a solid performance this year, altcoins like Cardano (ADA) and Polkadot (DOT) are now falling on the institutional radar. Valour Structured Products, a subsidiary of Defi Technologies, announced that it will launch exchange-traded products (ETPs) for Both Cardano and Polkadot. Later today, May 18, the Valour Cardano (ADA) SEK will go live for

The post Institutional-Grade Exchange Traded Products For Cardano (ADA) and Polkadot (DOT) Coming Soon appeared first on Coingape.

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Ripple Price Prediction: XRP lethargic trading draws closer to 130% liftoff

Ripple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6. Ripple prepares for colossal price

The post Ripple Price Prediction: XRP lethargic trading draws closer to 130% liftoff appeared first on Coingape.

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Ethereum Price Forecast: ETH prints bullish pattern, preparing for colossal upswing past $4,000

Ethereum has been steady since the weekend breakdown from levels above $4,000 to $3,100. Over the last 24 hours, the price action remained sluggish, but bulls seem to have resorted to playing defense and ensure that losses do not extend under $3,000. At the time of writing, Ether trades at $3,390 amid a gradually building

The post Ethereum Price Forecast: ETH prints bullish pattern, preparing for colossal upswing past $4,000 appeared first on Coingape.

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Crypto Companies Raised $2.5 B in First Quarter of 2021, the Highest Ever!

2021 bull run has propelled Bitcoin, altcoins, and the whole ecosystem into the mainstream limelight as well as adoption. The growing demand for digital assets is evident from the number of mainstream financial firms adding support for cryptocurrencies as well as the number of crypto companies that have become a billion-dollar company after the latest

The post Crypto Companies Raised $2.5 B in First Quarter of 2021, the Highest Ever! appeared first on Coingape.

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Market Update: Crypto Market Tanks Over 10% Losing $275 Billion in 24-Hours

Massive sell-off has once again ensued in the crypto market as we look forward to kickstarting the third week of May 2021. The overall crypto market has tanked 10% losing $275 billion in just 24-hours. the market looks stressed and under pressure with a major sell-off in Bitcoin (BTC) as well the altcoin space. Bitcoin

The post Market Update: Crypto Market Tanks Over 10% Losing $275 Billion in 24-Hours appeared first on Coingape.

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Bitcoin Price Analysis: BTC Breaks Long Term Trend As Tesla Ditches It

Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly fell over 15%. BTC is now is now in scary waters.  While looking at the chart, BTC has broken

The post Bitcoin Price Analysis: BTC Breaks Long Term Trend As Tesla Ditches It appeared first on Coingape.

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BSC Daily Transaction Rate Grows to 12 Million, 8X of Ethereum Network

Binance Smart Chain (BSC), the native network of the Binance network has registered another record in terms of daily transactions processed by the network reaching a massive 12 million mark today. What makes this record even more surreal is the fact that the current BSC transaction processing capacity is 8X the network capacity of Ethereum.

The post BSC Daily Transaction Rate Grows to 12 Million, 8X of Ethereum Network appeared first on Coingape.

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DOGE Price Analysis: DOGE Breaks Out Of Bull Flag As Alt-coins Continue Rallying

DOGE coin has been through a wild ride in 2021. Elon Musk has been the biggest influence of the price of Doge as his words have both helped and hurt the Doge. Doge had recently experienced a 50% correction but bulls quickly bought up DOGE as it bounced off its ascending channel it has followed

The post DOGE Price Analysis: DOGE Breaks Out Of Bull Flag As Alt-coins Continue Rallying appeared first on Coingape.

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Breaking: “Elon Never Contacted Us” Says Dogecoin Lead Developer

Bruce Fenton, the lead developer at Dogecoin today revealed that Elon Musk never contacted Dogecoin team. The billionaire inventor few days back tweeted that he is working with dogecoin developers to improve the system. This tweet comes at a very critical time considering the current bloodbath cryptocurrency market is going through after Tesla stopped bitcoin

The post Breaking: “Elon Never Contacted Us” Says Dogecoin Lead Developer appeared first on Coingape.

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Edited: Is Elon Musk Actually Working With Dogecoin Developers?

Bruce Fenton, the lead developer at Dogecoin today revealed that Elon Musk never contacted Dogecoin team. The billionaire inventor few days back tweeted that he is working with dogecoin developers to improve the system. This tweet comes at a very critical time considering the current bloodbath cryptocurrency market is going through after Tesla stopped bitcoin

The post Edited: Is Elon Musk Actually Working With Dogecoin Developers? appeared first on Coingape.

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Cardano (ADA) Shoots 17% Hitting A New All-Time High of $2.18, Grabs Top-5 Crypto Spot

Ethereum-competitor Cardano has now become the world’s fifth-largest cryptocurrency unsettling Tether (USDT). Cardano (ADA) has surged 17% today hitting its new all-time high of $2.18 with its market cap hitting $69.2 billion for the very first time. The cryptocurrency is just marginally away from toppling the recently popular Dogecoin (DOGE). Over the last week, Cardano

The post Cardano (ADA) Shoots 17% Hitting A New All-Time High of $2.18, Grabs Top-5 Crypto Spot appeared first on Coingape.

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Grayscale Ethereum Trust (ETHE) Premium Sets All-Time-Low at -14.3%

Grayscale Ethereum Trust (ETHE), the institutional crypto investment fund for the second-largest cryptocurrency registered a negative 14.3% premium reaching its lowest since listing. Grayscale being the world’s largest crypto asset manager offers a range of crypto-based trust funds to invest, in absence of a regulated ETF in the United States. These private investment funds have

The post Grayscale Ethereum Trust (ETHE) Premium Sets All-Time-Low at -14.3% appeared first on Coingape.

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Ripple Files Memrondum Against SEC’s Motion on ‘lack of due process’ in a Strongly Worded Counte

Ripple filed a memorandum against the SEC motion to strike Ripple’s lack of due process and fair notice affirmative defense in a strongly worded response yesterday. The motion was filed by the SEC in late April and claimed that Ripple’s fair notice defense could lead to unfair supplemental discovery obligations on the agency. Ripple in

The post Ripple Files Memrondum Against SEC’s Motion on ‘lack of due process’ in a Strongly Worded Counte appeared first on Coingape.

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Guaranty Escrow to Accept Dogecoin Payment For Real Estate Purchases

Guaranty Escrow, a real estate service provider that accepts crypto payments has added Dogecoin to its payment list allowing customers to buy their next house by paying in meme currency. The real estate service provider claims to be a pioneer of crypto payments in the real estate business accepts Bitcoin, Ethereum, and now Dogecoin along

The post Guaranty Escrow to Accept Dogecoin Payment For Real Estate Purchases appeared first on Coingape.

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Bitcoin Vs Elon Musk: Why Elon Musk Is Promoting Dogecoin Over Bitcoin?

Elon Musk, the CEO of Tesla and SpaceX founder has turned from a hero of the Bitcoin community to a villain of sort pretty quick after his outlandish energy consumption claims of the Bitcoin network, post discontinuing Bitcoin payment option for buying Tesla cars. Musk’s recent attack on the Bitcoin network’s energy consumption seems a

The post Bitcoin Vs Elon Musk: Why Elon Musk Is Promoting Dogecoin Over Bitcoin? appeared first on Coingape.

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Ethereum price secures key support, but recovery to $4,400 will be a daunting task

Ethereum’s sharp drop from historical highs of $4,400 did not find support above $4,000. The high gravitational force saw Ether explore lower price levels before embracing an anchor at $3,500. This support became crucial to the smart contract token by preventing losses from extending to $3,000. Similarly, buyers shifted their attention from $3,500 to levels

The post Ethereum price secures key support, but recovery to $4,400 will be a daunting task appeared first on Coingape.

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Dogecoin (DOGE) Up 12% After Elon Musk’s Tweet of Working With DOGE Developers

It seems Elon Musk has been moving the crypto market at his whims as of now. A day after Tesla announced that it is dropping Bitcoin (BTC) payments citing environmental concerns, Musk is now driving the attention of his followers to Dogecoin (DOGE). On late Thursday, May 13, Elon Musk tweeted that he (and probably

The post Dogecoin (DOGE) Up 12% After Elon Musk’s Tweet of Working With DOGE Developers appeared first on Coingape.

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MATIC Price Analysis: MATIC Retraces From ATH as Crypto Sells Off

MATIC has had an awesome last month as price rose over 300%. MATIC hit an ATH of $1.22 but shortly after fell as the entire market took a hit. MATIC has risen drastically and now may be the time to be concerned of large potential retracement.  The large bold trends represent a broadening wedge that

The post MATIC Price Analysis: MATIC Retraces From ATH as Crypto Sells Off appeared first on Coingape.

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