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Traders looking forward to a new altcoin season as Bitcoin turns to $45k

By
Redakcja
-
3 min reading

This week the entire cryptocurrency market capitalization came back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20. Even though the latest bullish momentum made the investors notice, Bitcoin’s (BTC) went from $33,400 to $45,900 was parallel to the rest of the market.

This week the entire cryptocurrency market capitalization came back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20. Even though the latest bullish momentum made the investors notice, Bitcoin’s (BTC) went from $33,400 to $45,900 was parallel to the rest of the market. 

Even if Bitcoin breaks the $46,000 resistance remains doubtful. Nonetheless, the more time it takes the higher the chances are that altcoins will get ahead of the leading cryptocurrency. internet computer (ICP) recently declared on July 30 that within two weeks of its launch, the fleek application reached 700 websites deployments. Fleek lets one to create websites and front-end for decentralized applications on the internet computer blockchain with effortless hosting. Based on the observations by Dfinity Foundation blog, fleek developed another open-source gateway to the blockchain so internet computer smart contracts information could be accessed without any issues while using the normal browsers. 

Ravencoin (RVN) turned into the most beneficial coin to mine by accessing graphic cards, based on the information by Whattomine.com and the network exceeded Ethereum (ETH). Voyager Digital, the company supporting Voyager Token (VGX), attained crypto trading and payments startup Coinfy for $85 million. During August 1, Voyager launched the VGX web swap 2.0 and staking portal. The VORTECS score is an algorithmic comparison of historical and present market situation with a mixture of data points with market sentiment, trading volume and recent price movements and twitter activity. Flexa (AMP) rallied 90% from July 22 to 29 as Binance US declared the token listing. Nevertheless, the altcoin learned about 26% from the $0.083 top on July 29.

Theta Fuel (TFUEL) was going through something similar movement as it went through 63% from July 20 to 25 during the launch of protocol 3.1.0 and reached $0.368 top. the hard fork developed a better block proposal protocol created with blockchain database and added support for Ethereum RPC API. Altcoin holders have plenty of reasons to give this the attention it deserves but the investors should be careful with an eventual Bitcoin price correction which would let traders to suddenly capture profits from the most flexible altcoins. 

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The new DEFI platform enters the market! Earn passively - token sale 0.25 $

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