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4 Reasons Altcoin Season 2021 Has Officially Started

The cryptocurrency market is on fire. The market capitalization has surged past $2 trillion for the first time in its history. Interestingly enough, this was led mostly by alternative coins, or altcoins, surging in value. Bitcoin, on the other hand, failed to break above $60K on multiple occasions over the past month, giving serious merits to the notion that altcoin season 2021 is brewing. In January this year, CryptoPotato reported that Secrets of Crypto, which is one of the well-known and respected cryptocurrency analysts, said the altcoin season for 2021 is just starting, and so far, it appears to be…

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Ripple (XRP) Skyrockets 17% as Bitcoin Finds Trouble at 57K Area (Market Watch)

Bitcoin continues to suffer below the coveted $60,000 and stands about three thousand dollars below after another slump. As such, its dominance has declined even more as some altcoins have marked serious gains. Ripple leads the larger-cap pack with a 17% daily surge to just shy of $0.70. XRP Leads the Altcoin Way The past few days have been somewhat stagnant for the larger-cap altcoins as most have failed to display any significant price movements. The situation is relatively similar in the past 24 hours. Ethereum has remained just above $2,000, Binance Coin is still beneath $340, Polkadot (-3%) is…

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Justin Sun Buys Picasso Painting for $20M to Tokenize on JUST NFT Fund

In another whopping purchase, Justin Sun, the founder of one of the largest blockchain-based projects, TRON, and the CEO of BitTorrent, has bought Picasso’s “Femme nue couchée au collier” for $20 million.  Besides that, he has also bought “Three self portraits” by Andy Warhol for $2 million, and he plans to tokenize both and launch them on the JUST NFT Fund in the weeks to come. Justin Sun’s Forray into Digital Art Continues Justin Sun is well-known within the cryptocurrency community and is undoubtedly one of its most influential proponents. The young crypto tycoon has recently bought two paintings worth…

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TRON’s Justin Sun to Bridge Blockchain and Artists Via the JUST NFT Fund

Justin Sun, the CEO of TRON and BitTorrent, has doubled-down on his NFT-related endeavors by announcing a designated fund. Called JUST NFT Fund, it aims to close the gap between the most recent craze in the blockchain space and artists wanting to release their own non-fungible tokens. Sun’s NFT Fund Justin Sun, and his blockchain-based projects, have been neck-deep with the ongoing NFT craze. Apart from bidding some mindblowing amounts on various NFT projects, Sun has also partnered with celebrities such as the actress Lindsay Lohan to release exclusive collectible collections on his platform. Earlier today, Sun announced his latest…

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Tron (TRX) Surges 10% Higher Amid Ongoing Pivot to DeFi

Tron (TRX) has surged 10% in the past 24 hours, defying a stagnation in the price of both Bitcoin and Ethereum around local lows. For context, BTC and ETH have both gained around 1% in the past day. TRX’s rally comes as the blockchain has been seeing an ongoing pivot to offer decentralized finance (DeFi) applications to its users. This has been a successful pivot thus far, with blockchain analytics companies noting a strong uptick in transaction volumes. Tron’s 10% performance on Saturday also comes shortly after a critical report by The Verge. The report suggested that there are large…

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eToro Launches Cryptocurrency Staking Starting with Cardano and TRON

The growing trend of cryptocurrency staking has reached the multi-asset platform eToro. The company announced today that it will launch a staking service this month. The first two assets available will be Cardano (ADA) and TRON (TRX). eToro To Enable Crypto Staking Cryptocurrency staking requires the investors to “lock” a certain amount of coins based on the proof-of-stake consensus algorithm or many of its varieties. Investors typically receive the right to vote and participate in the governance of the network. For their participation in the network’s governance, the stakers receive a reward. Staking has grown in popularity over the past…

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Leader That Allowed Scams: TRON’s Justin Sun Responds to Claims by Ex-Employees

Yesterday The Verge published an elaborate article portraying a picture of Justin Sun’s leadership at BitTorrent post the peer-to-peer file-sharing site’s acquisition by the TRON foundation. Sun later responded to the ‘false-claims’ made by TRON/BitTorrent’s ex-employees in the article with ‘An Open Letter to Anyone Who Cares to Read’ on Medium. Claim: Megalomaniac Leader; Response: True Libertarian In the supposedly expose piece, author Christopher Harland-Dunaway cites claims made by current and past employees that delineate Justin Sun as a ‘celebrity’ like an entrepreneur with a narcissistic and dictatorial spirit. Sun acquired BitTorrent in July 2018.  Refuting the above portrayal of…

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Tracked: $5.4 Million Eterbase Hacked Funds Sent To Binance and Huobi

A few days after being hacked and drained for $5.4 million worth of digital assets, the European cryptocurrency exchange Eterbase claimed that it had tracked part of the stolen funds to Binance, Huobi, and HitBTC. The company asked for assistance from those exchanges and reassured its users that Eterbase will endure. $5.4M In Crypto Stolen From Eterbase Launched in 2019, Eterbase is a relatively small Slovakia-based platform that describes itself as “the first regulation-compliant European cryptocurrency exchange.” On September 8th, the company announced on its Telegram channel that several of its hot wallets had been compromised. Those included the Bitcoin,…

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Bitcoin Holds $10,000 For Now While Markets Tumble

Bitcoin slid once again beneath the $10,000 mark, but it stands above it now. Most of the altcoin market retrace today, especially DeFi representatives. BTC’s high correlation with the stock markets could suggest further declines, as Wall Street marked significant losses during yesterday’s trading session. Bitcoin Recovers From Another Sub-$10K Trip As reported yesterday, BTC reached an intraday high of $10,450. However, the asset couldn’t maintain its position and dropped to about $10,200 before dipping under $10,000. The scenario repeated once again in the next few hours, and BTC bottomed at $9,880 (on Bistamp). The bears quickly intercepted the dip…

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TRX Gains 12% Amid an Overall Struggling Market (TRON Price Analysis)

Tron saw a healthy 12% price hike today as it reached the $0.0326 level. While the entire top 20 sees negative figures over the past week, Tron managed to remain in the positive by a total of 5%. Against Bitcoin, TRX headed higher since the weekend after it rebounded from 288 SAT to reach 330 SAT today. TRX/USD: TRX Bulls Defend $0.03 With Ease Key Support Levels: $0.032, $0.03, $0.028 Key Resistance Levels: $0.035, $0.04, $0.0436. TRX was pushing higher toward the end of August and managed to surge near the $0.05 level in September. However, it was unable to…

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Boring Bitcoin Sends Tron’s TRX Up By 17% in Three Days; What’s Next

Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent. The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000. So it appears, traders decided to move into alternative assets after finding no intraday opportunities in the Bitcoin market. Tron (TRX) surges the third day in a row. Source: TradingView.com DeFi Aid Tron looked appealing for its short-term fundamentals. The token joined the ongoing decentralized…

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Despite DeFi Pivot, Tron (TRX) Just Formed This Harrowing Technical Signal

Tron has dropped in tandem with the rest of the crypto market over the past week. The prominent altcoin has dropped around 40% from its local highs around $0.05, in fact. The cryptocurrency is up 5.5% in the past 24 hours. Unfortunately for TRX bulls, the cryptocurrency has formed a pivotal sell signal. The sell signal is a Tom Demark Sequential “9.” The Sequential is a time-based indicator that forms “9” and “13” candles when an asset has reached an inflection point in its price trend. Tron Forms Pivotal Sell Signal After Indicator Marked March Lows Popular altcoin Tron (TRX)…

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Bitcoin Price Defends $10,000 as Market Cap Regains $10 Billion

After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom. Bitcoin Bounces Off $10K The bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500. From a technical perspective, should Bitcoin dive again, it can rely on $10,140 and the psychological $10,000 as support. In case it breaks…

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Crypto Price Analysis & Overview September 4th: Bitcoin, Ethereum, Ripple, Tron, and Tezos

Bitcoin (BTC) Bitcoin saw a steep 10.6% price decline this week as it hit the current $10,250 level. The cryptocurrency had started September off with a bullish tone as it managed to spike above the $12,000 level. However, this changed two days ago as Bitcoin started to roll over. It initially found support at $11,150 (.382 Fib Retracement), but this level was penetrated in yesterday’s trading session when BTC fell from $11,500 to reach $10,000. The coin closed yesterday’s candle at the $10,140 level. However, today, Bitcoin spiked well beneath $10,000 as it reached $9,875. It has since rebounded to…

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Bitcoin Under $10,000 – First Time in 4 Weeks: Crypto Market Warch

The cryptocurrency market is not finished dumping in value as Bitcoin is fighting to stay above $10,000, while Ethereum is already well below $400. The rest of the alts are bleeding out as well, as the total market cap shed $60 billion in two days. Bitcoin Dipped Below $10,000 It was merely 48 hours ago when Bitcoin was headed towards $12,000 and even briefly surpassed it. While it all looked like it’s going in BTC’s way, the situation sharply reversed and took the primary cryptocurrency on a violent trip down to $11,500, $11,000, $10,500, and a few hours ago –…

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Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap

It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along. Bitcoin Plummets Below $11K It’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some of the losses charted before, but a sudden leg-down took the asset down to as low as $10,600 (on…

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Blood Bath: Total Market Cap Shrunk $23 Billion As BTC Lost 5% and ETH 15%

Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily. Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines). Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss. Bitcoin Dives By 5% Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears didn’t allow it to materialize, and BTC’s price faced a serious rejection, as predicted by CryptoPotato’s latest BTC analysis.…

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Taking a Break? Crypto Market Cap Lost $7B In Hours, as Bitcoin Rejected At $12,000

Bitcoin briefly jumped to above $12,000 but has retraced since then. In the last few hours, the entire market appears to be taking a break. Bitcoin Tested $12K To No Avail The past 24 hours have been rather impressive for the cryptocurrency field, with the entire market cap gaining over $15 billion from yesterday’s bottom at $374 billion to about $387 billion as of writing these lines. It even reached $394 billion a few hours back as Bitcoin spiked towards $12,000. The primary cryptocurrency marked an intraday high of about $12,060 (on Bitstamp). However, it failed to sustain its run…

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ETH Surges To New 2-Year High as BTC Nears $12,000 (Market Watch)

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%. 2-Year High For ETH, Sushi Enters Top 100 Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and the community wonders if the second-largest digital asset can now top $500. Polkadot is among the…

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TRON Partners with Band to Deliver On-Chain Oracles for dApps

TRON dApp developers have just acquired new capabilities after TRON announced a partnership with Band Protocol. The deal means that third-party devs will be able to utilize Band’s oracle solution to obtain tamper-proof price feeds and other external data sources. Reliable oracles are regarded as one of the most critical capabilities for a blockchain to acquire, significantly extending the utility of the sort of applications that can be built. The partnership arrives at a good time for both projects, with TRON shipping new products including JustSwap and BitTorrent File System, while Band has just secured a Coinbase listing and integrated…

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