Tag

Alt Season

All articles tagged with #alt season

cryptocurrency2 years ago

"Ether's Rally Continues After Ethereum Upgrade and Breaks into Top Ten Crypto List"

Ether and other alternative cryptocurrencies, including Dogecoin, saw gains as the "alt season" narrative heats up on Crypto Twitter. The successful Shapella upgrade on Ethereum allowed users to stake and unstake tokens from the network at will, improving the network's overall outlook. Governance tokens of liquid staking protocols, such as Lido's LDO and Rocket Pool's RPL, saw outsized gains. Lido's staked ether tokens (STETH) climbed into the top ten cryptocurrencies by market capitalization of $12 billion.

cryptocurrency2 years ago

XRP's Future Looks Bright Amidst SEC Lawsuit and Price Surge.

Open interest in XRP futures market has surged to $800M as investors hope for a Ripple victory in its legal battle against the SEC, which could spur more risk-taking in the broader market and potentially lead to an "alt season" where alternative cryptocurrencies outperform bitcoin and ether. XRP has rallied 57% since March 22, reaching a ten-month high of $0.584. A win for Ripple could solidify XRP's legality in the US market and drive a price rally, while a loss could rekindle risk aversion and impact other altcoins subject to more regulation.