Crypto Corner Café

Taste The Future

GIDDY

Tracking some transactions

4/13-4/14/24 $96.00 BTC to $60.00 https://www.blockchain.com/explorer/transactions/btc/c9672c77e0ea9da5fd42a19ddcdd3738dd8a6360af411e0f288729b8304d62fb April 6 $98.00 to $68.00 https://www.blockchain.com/explorer/transactions/btc/cad2d7687d990ac4985496d427ac4a0aae15c1b4c1f6cee307b8eed5f401c637 3/23/24 $328.00 to $292.00 https://blockchair.com/bitcoin/transaction/9266e1e767839323046c19096361b707d4ada1a6caca49c0fbeb29f81a55feb9 Another odd one.

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What Is Autopilot: The Investment App That Tracks Politicians?

Autopilot is a political investment app that uses algorithms to predict the outcomes of government decisions based on historical data and current political events. By analyzing the policies of politicians, the app can provide insights into which leaders and parties are more likely to favor certain investments or industries, enabling users to make more informed investment decisions. While the app may be helpful for those interested in investing in a politically conscious manner, it is important to note that past performance is not a guarantee of future returns, and investing always carries risks.

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blockchain explorers

A blockchain explorer is a tool used to trace transactions within a blockchain network and view the historical data of transactions that have taken place on the network. These tools help users and organizations to monitor and audit transactions, check for errors, and recover lost assets. Blockchain explorers typically offer features such as transaction history search, filtering, and sorting, and may also provide information about the blockchain network’s current state and status.

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Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode

Crypto analyst Michaël van de Poppe has laid a bullish narrative for altcoins, predicting that these crypto tokens will make a significant run of theirs soon. This prediction is based on his belief that altcoins are still undervalued compared to the flagship crypto, Bitcoin. 

Crypto Analyst Says Altcoins Are About To Explode

Michaël van de Poppe mentioned in an X (formerly Twitter) post that “there is still around 40-60% market capitalization to gain for the altcoins.” In a subsequent X post, he noted that the valuations of these crypto tokens in their BTC pairs are still relatively low, and that suggests that “strength is still to come,” he claimed. 

The analyst believes that the valuation of these altcoins should be done using their “Bitcoin values” and no other way. If that is done, he remarked that one will be able to see that “most altcoins are still heavily undervalued compared” to the flagship crypto. Meanwhile, he hinted that altcoins will enjoy these significant gains once Bitcoin consolidates. 

In a video posted on his YouTube Channel, Michaël van de Poppe elaborated on the correlation between Bitcoin and these altcoins. The analyst stated that Bitcoin hitting new highs means that there is more money in the market and that this money will rotate to other crypto tokens soon enough. 

Once that happens, he expects these altcoins to make significant returns that might be underestimated because of the bear market stigma. Meanwhile, Michaël van de Poppe predicts that altcoin season will come in different rounds. The first one will see these crypto tokens coming close to their all-time high (ATH) or even breaking it, as seen with some already. 

The Best Time To Have Bought Altcoins 

Michaël van de Poppe had previously prepared his followers for this imminent altcoin season when he advised them on the right time to buy these crypto tokens. Back then, he mentioned that the best time to invest in altcoins was “6-10 months prior to the Bitcoin Halving.”

The analyst called that one correctly, seeing as altcoins have made significant runs since then alongside Bitcoin. AI and Meme coins, in particular, have led the way, with tokens like the foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), seeing a significant increase in their market cap. 

Despite the tremendous run these tokens have made so far, there still seems to be an opportunity for investors to position themselves, considering that Michaël van de Poppe mentioned that they are still undervalued. 

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Blockchain

Litecoin Beats Out Dogecoin, Bitcoin To Emerge As Top Crypto For Payments

Litecoin has emerged as a standout performer in the cryptocurrency payments sector, overtaking prominent digital currencies such as Dogecoin, Bitcoin, and Ethereum as the top choice for crypto payments on leading Bitcoin payment service provider, Bitpay.

Litecoin At The Forefront Of Crypto Payments

In a recent announcement on X (formerly Twitter), the Litecoin team revealed that LTC has claimed the top spot as the most preferred cryptocurrency for payments on Bitpay. Sharing a chart of Bitpay’s payment count by cryptocurrency, the team disclosed that Litecoin has hit a recent milestone, scoring approximately 41.76% of the platform’s total transaction count.

Bitpay’s official website has also acknowledged this significant achievement, confirming that “Litecoin is the cryptocurrency most commonly used for transactions” on its payment platform. Surging higher than popular cryptocurrencies such as Bitcoin and Dogecoin, Litecoin has achieved this milestone by a staggering margin. 

Bitpay’s data disclosed that Bitcoin’s transaction count hovered at 24.36%, marking a notable decrease of 17%, compared to Litecoin. Meanwhile, Ethereum lags, barely hitting the double-digit mark with a modest 9.05% on Bitpay’s payment count. 

Even as prominent altcoins like Dogecoin attempt to make their mark, LTC has left them trailing behind. Dogecoin, holding the 4th position in Bitpay’s transaction count, only managed to score 6.8% in the total transaction count. 

Adding to this recent achievement, the Litecoin Foundation had previously disclosed in January 2024, that Litecoin had hit “a new all-time high of 38.25% on all payments” processed through Bitpay, outpacing both Bitcoin and Dogecoin again. This development underscores the cryptocurrency’s prominence and robust fundamentals, surpassing expectations as it sets a new standard for digital payments. 

With the latest surge, boasting over 40% in Bitpay’s total transaction count, Litecoin continues to make substantial strides, leveraging the potential opportunities amid the rising adoption rates and surge in user confidence. 

LTC Fundamentals Grow Stronger

As Litecoin dominates in crypto payments, it’s worth noting that the cryptocurrency has also been growing stronger in its fundamentals.  As stated by a crypto community member and Litecoin supporter, LTC is witnessing its most bullish year, quickly taking advantage of the positive trends in the crypto market. 

The crypto member also suggests a shift in the coin’s market sentiment, underscoring the rising interest from investors and traders in the cryptocurrency’s value and future prospects. Currently, the price of Litecoin is steadily approaching the $100 milestone, effectively leveraging its ecosystem’s developments to boost its value and adoption rates. 

At the time of writing, the cryptocurrency is trading at $88.00, indicating a substantial 25.02% gain over the past month, according to CoinMarketCap. 

Featured image from Pexels, chart from TradingView

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Ethereum Wallets Overflow: Over 90% Addresses In Profit, Ether To Retest ATH

Cryptocurrency enthusiasts are celebrating a bullish weekend for Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization. With a price surge of 4.31% in the last day, ETH is inching closer to a critical resistance point: $4,000. This climb comes amidst a wave of optimism surrounding the Ethereum network, fueled by a confluence of factors.

Ethereum Whale Activity, On-Chain Buying Signal Potential Rally

Market analysts are attributing the recent surge to a significant rise in Ethereum accumulation. According to data from blockchain tracking company Spot On Chain, wallets linked to PulseChain and PulseX have been aggressively buying ETH, accumulating a staggering 163,295 ETH in just four days. This substantial buying pressure, totaling nearly $621 million DAI, suggests a strong foundation for a potential price increase.

Furthermore, more than $10 billion whale trade volume recorded overnight indicates a shift in sentiment among major investors. This hefty trade volume is seen as a bullish signal, suggesting that whales are accumulating ETH in anticipation of a price upswing.

Ethereum Investors Buoyed By Profitability, Approaching ATH

Adding fuel to the fire, over 94% of ETH addresses are currently in profit. This translates to a significant number of investors holding onto their ETH, creating low selling pressure and potentially paving the way for a price increase.

Data from IntoTheBlock (ITB), a cryptocurrency analytics platform, indicates that at this point, ETH is at its best level in nearly a year, but it is clearly trailing the upward trend that Bitcoin experienced once its spot Exchange-Traded Fund obtained approval.

Moreover, the excitement surrounding Ethereum is palpable as the price approaches its all-time high (ATH) of $4,890. With minimal resistance anticipated, a retest of the ATH seems like a realistic possibility in the near future. This prospect is further amplified by the dwindling number of addresses holding ETH at a break-even point or at a loss.

Dencum Upgrade And ETF Speculation Stoke Investor Confidence

Beyond the immediate price action, the Ethereum community is buzzing with anticipation about the upcoming Dencum upgrade. This highly anticipated upgrade is designed to address scalability issues, reduce transaction fees on layer networks, and decongest the Ethereum network.

A successful Dencum upgrade is expected to significantly improve the overall user experience and potentially attract new investors, bolstering confidence in the long-term viability of the Ethereum network.

Adding another layer of optimism is the ongoing speculation surrounding a potential Ethereum ETF. While regulatory approval from the SEC is still pending, the very possibility of an ETF has buoyed investor sentiment. An ETF would allow traditional investors to gain exposure to Ethereum without the complexities of directly owning and managing cryptocurrency, potentially leading to a wider investor base and increased demand for ETH.

A Look Ahead: Ether Trajectory Hinges On Multiple Factors

While the outlook for Ethereum appears bright, there are still factors to consider. The price of ETH remains roughly $1,000 shy of its ATH, and the success of the Dencum upgrade and the approval of an Ethereum ETF are not guaranteed. As with any investment, conducting thorough research and maintaining a cautious approach is crucial.

However, the confluence of rising on-chain activity, whale accumulation, and a profitable investor base paints a promising picture for Ethereum. With the Dencum upgrade on the horizon and the possibility of an ETF, Ethereum appears poised for a potential price rally in the coming months.

Featured image from Pexels, chart from TradingView

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