COIN360 Profile picture
Oct 17 6 tweets 8 min read
Like $BTC, altcoins saw a volatile week as a result of big mixed news.

Top 7D gainers by @COIN360com:

@HuobiGlobal $HT
@quant_network $QNT
@Casper_Network $CSPR
@TrustWallet $TWT
@terra_money $USTC
@bitfinex $LEO
@kucoincom $KCS
@ton_blockchain $TON
@ensdomains $ENS
@okx $OKB Image
@HuobiGlobal, again, had an outstanding surge in $HT price after @justinsuntron revealed that he had "tens of millions" #Huobi token stakes following advisory role appointment.

decrypt.co/112118/huobi-t…
@quant_network representatives joining #Sibos2022 raised hope for a possible #SWIFT partnership. This may be the reason that $QNT saw a nice jump last week.

coin360.com/coin/quant-qnt
Things have been sweet for @Casper_Network as new developments were shipped and community members got excited.

New #NFT standard #CEP78, listed in the @MessariCrypto top 30 smart contract platforms, @Siemens #TechForSustainability initiative, and so on:
At @COIN360com we aim to provide you with the most accurate and up-to-date market data!

Keep an eye on the move: coin360.com

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More from @COIN360com

Oct 19
0/ The week of Oct 12-18 was quiet until the CPI release crashed $BTC to its new October low of $18,299, but the losses quickly recovered.

#BTC went sideways in the rest of the week with a 1% gain, followed by $ETH.

$ADA (-10%) & $XRP (-6%) were the biggest large-cap losers. Image
1/ Both #stocks & #crypto markets saw a flash sell-off after CPI, but quickly bounced back as the Fed's hawkish policy was priced in.

The Fed's plan for a rate hike streak can put more pressure on crypto in the long term. Image
2/ It's a question if we can see the decoupling of cryptos from equities.

Could crypto survive another bearish year if S&P and #NASDAQ were to lose another 10-20% in value, $USD would get even stronger, and investors may move out of risk-on assets?
Read 15 tweets
Oct 18
A pretty quiet day for $BTC as it showed lagging performance while so much noise was created in the #crypto space today.

In @COIN360com Daily Digest: Image
2/ Both S&P 500 and Nasdaq saw the green today due to strong earning reports from @GoldmanSachs and the market was waiting for more, but $BTC marked a 0.3% drop.

$740M in #BTC outflow from exchanges on Oct 18 (@cryptoquant_com) didn't seem to push a clear move for the price. Image
Read 18 tweets
Oct 18
$FXS saw a nearly 18% surge at one point in the past 24h following the expectation about its upcoming liquid staking protocol and $frxETH release.

What's in store for @fraxfinance and what the future holds: A 🧵

0/ 👇 Image
1/ On its way to becoming a "decentralized central bank," @fraxfinance has shipped new innovations to the #crypto-verse.

And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @ethereum staking process, is the latest one to come to life.
2/ $frxETH acts as an $ETH-pegged #stablecoin, but the peg will be "soft" at first and become "tight" after Shanghai withdrawals, according to @samkazemian:

As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
Read 21 tweets
Oct 17
As a brief spell of excitement after the CPI release faded, $BTC began the week with a small rise.

This was accompanied by a rally in #stocks and a -9.1 Empire State Manufacturing Index, indicating weaker U.S. economic data.

In @COIN360com Daily Digest: Image
2/ $BTC marked a 2% increase in the past 24h to drive the price above $19,500 after a quiet weekend.

This came after #BTC investment products saw a total $8.8M inflow last week, implying a net neutral sentiment amongst investors as per @CoinSharesCo: blog.coinshares.com/volume-102-dig…
Read 18 tweets
Sep 26
$MIOTA has been one of the best performers in the @COIN360com top 100 list with a 9.2%% daily gain and 21% weekly gain.

What powered such a price surge in a bleeding market? #IOTA 2.0 with @shimmernet, #Stardust, and more @iota developments.

A 🧵 👇

0/
1/ What is @iota?

A distributed ledger built for the "Internet of Everything" for exchanging value and data between humans and machines.

It uses Tangle, a structure where newer txs verify the older ones, for parallel validation of txs without requiring total ordering.
2/ It offers a network that is:

- Secure: the whole system is distributed across many network participants -> no single point of failure or attack

- Feeless: no txs fees charged, but $MIOTA holders can secure prioritized txs if the network reaches capacity limits
Read 25 tweets
Sep 23
Some cryptocurrencies gave up their gains yesterday as $BTC slid below $19,000, and $DXY took a rally to 112, which is considered negative for #bitcoin price.

In #Coin360 Daily Digest: Image
2/ $BTC failed to break $19,500 today.

It is trading under $18,800 at the time of writing, posting a 1.4% drop in the past 24h. Traders are waiting for Powell's comments at the "Fed Listens" event.

Macro, #BTC & #ETH technical analysis: coin360.com/news/btc-afloa… Image
Read 17 tweets

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