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Ethereum Altcoins Outperform Bitcoin Today

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Ethereum Altcoins Outperforming Bitcoin Today

Today, the global cryptocurrency market is facing a slight decline, however, some Ethereum-based altcoins stand out with impressive performance compared to Bitcoin amid volatility. While Bitcoin saw fluctuations between $65,937.18 and $67,694.30, with a slight increase of 0.02% in the last day and an increase of 10.12% in the last week, some cryptocurrencies are making notable progress. This article will look at Ethereum altcoins outperforming BTC and their performance.

1. Pendle (PENDLE)

Pendle (PENDLE) is gaining attention for its distinctive method of tokenizing yield. Pendle is now priced at $5.26, showing a 6.55% increase over the past 24 hours and a remarkable 31.39% rise over the past week. This event increased its market value to $809.1 million, with a strong trading volume of $108.2 million in the last 24 hours.

Pendle is a protocol that allows tokenization and trading of future yields. By introducing a new AMM that allows assets with temporal decay, Pendle allows users to have greater influence over future performance by providing choices and opportunities for use.

2. Gnosis (GNO)

Gnosis (GNO) is also one of the Altcoins Ethereum showing notable gains. Trading at $307.83, the token appreciated by 2.11% over the past 24 hours and by 9.65% over the past week. This growth brings its market capitalization to $797.16 million with a trading volume of $18.9 million over the last 24 hours.

Gnosis, (GNO) is focused on building decentralized infrastructure on Ethereum for the Ethereum ecosystem. Founded in 2015, it initially focused on prediction markets but grew to create supporting infrastructure like Gnosis Safe.

Operating as a decentralized autonomous organization (DAO), Gnosis provides infrastructure for decentralized applications and products to guide ecosystem governance. In November 2021, the xDAI and GnosisDAO communities voted to merge, creating Gnosis Chain, a companion to Ethereum that addresses scaling challenges through solid engineering.

GNO’s recent price increase can be attributed to the launch of their updated deposit UI. This new interface includes features such as an automatic claim function, expanded support for additional wallets including WalletConnect and Coinbase.

Wallet and compatibility with Chiado and Gnosis Chain. The update, along with the rebranding of the UI, likely boosted investor confidence and interest in Gnosis, driving the price higher.

3. Chain link (LINK)

Chainlink (LINK) outperforms Bitcoin in terms of performance with a price of $16.94 at the moment. The token saw growth of 2.10% in the last 24 hours and gains of 28.86% in the previous week. Chain link has a market capitalization of $9.9 billion and a 24-hour trading volume of $738.9 million.

Chainlink is a blockchain platform that connects smart contracts to external data sources, events and payment methods through a decentralized oracle network. It enables complex smart contracts by providing information off-chain.

Chainlink is supported by an open source community of data providers, node operators, developers, researchers and listeners, ensuring decentralized participation for all network users.

LINK experienced a price increase following the release of DTCC Report. The world’s largest settlement system, the Depository Trust and Clearing Corporation (DTCC), along with blockchain oracle Chainlink, have completed a pilot program with several major US banks, to boost the tokenization of traditional financial funds.

Conclusion

Even if Bitcoin’s performance remains stable, Ethereum altcoins like Pendle, Gnosis, and Chainlink are attracting attention with their impressive gains. These tokens illustrate the dynamic and rapidly evolving nature of the cryptocurrency market, providing investors with diversified opportunities beyond Bitcoin.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

Binance Updates Taker Fee Promotion for Altcoin Trading Pairs

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Binance Unveils Cristiano Ronaldo NFT Collection 'Forever Worldwide: The Road to Saudi Arabia'





Binance, one of the world’s leading cryptocurrency exchanges, has announced updates to its Taker Fee promotion for various spot and margin altcoin trading pairs. This change is expected to take effect from July 1, 2024 at 00:00 (UTC), according to Binance.

Updated promotion details

The updated promotion will affect the following trading pairs: PEPE/USDT, STRK/USDT, ENA/USDT, SUI/USDT, WIF/USDT, NEAR/USDT, OP/USDT, BONK/USDT, LTC/USDT, FET/ USDT, ORDI/USDT, BCH/USDT, W/USDT, ARB/USDT, LINK/USDT, TIA/USDT, ETC/USDT, APT/USDT, RNDR/USDT and WLD/USDT. Users trading these pairs will benefit from the taker’s promotional fees until the specified date.

Once the promotion ends, standard fees will apply. Interested traders are advised to check Binance information spot and margin trading fee structure for more information on fees applicable after the promotion.

Binance’s Commitment to Competitive Services

This update is part of Binance’s ongoing efforts to review and optimize its promotional offers, ensuring that users receive the most cost-effective and competitive services. Regular reviews and updates like these are essential to maintaining a strong trading environment that benefits both new and experienced traders.

Binance continues to emphasize the importance of user experience by providing timely updates and maintaining transparency in its pricing structures. Such initiatives are part of the exchange’s broader strategy to remain a leading choice for cryptocurrency trading worldwide.

Implications for traders

Traders using the affected altcoin pairs will need to adjust their strategies accordingly once the promotion ends. With the return to standard fees, it becomes essential for traders to stay informed and plan their trades in order to effectively manage costs.

Binance also reminded users of the inherent risks associated with trading digital assets. The exchange advises traders to consider their investment experience, financial situation and risk tolerance before making any trading decisions. Binance is not responsible for any losses incurred due to market volatility.

For more details on the updated Taker Fee promotion and other related announcements, users can visit the official Binance website.

Image source: Shutterstock

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Altcoins

Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

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Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

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Altcoins

Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

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Altcoins

Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

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