Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
  • Contact

Altcoin News

Almost All Top-Performing Cryptocurrencies Are Down By 90% From Their All-Time High



In today’s altcoin news we have a brief analysis on almost all of the major cryptocurrencies in order to compare how these digital assets have advanced over a 12 month period.

To begin with, Ripple managed to jump up the ladder and become the second largest cryptocurrency after it crossed ethereum from his position in November and earned to become one of the cryptocurrencies with the highest returns over the year. However, if you look back in early January, Ripple is down by a stunning 91 percent and it still hasn’t been listed on Coinbase. At the time of writing, ripple’s price is at $0.34.

Ethereum on the other hand, as mentioned, as dethroned and is now $103.25 which is also a stunning drop from its all-time high at $1,431. This could be a consequence since the crypto whales that are piling up ETH over the year and have now doubled their holdings by 80 percent.

The hardest hit altcoins were, of course, Bitcoin Cash and Cardano each of them suffered a 97 percent drop after rising up to $4,329 and $1.33. Bitcoin cash struggled hard to rebound after the hard fork that split bitcoin cash into two parts. Meanwhile, Cardano has tried to show some developments but couldn’t stay away from the ‘’ICO winter’’.

NEO and NEM both have declined by 97% from their all-time highs with NEM not recovering from the declining that struck it after the hacked $530 million from the crypto exchange Coincheck.

At last, Bitcoin has plunged by 80 percent since striking $20,000 and its current price is at $3,764.

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at

Continue Reading

Altcoin News

CEO Of Allianz: Regulators Should Step In Harder And Outlaw Cryptocurrencies

While speaking at a panel discussion in London, CEO of Allianz Andreas Utermann urged market watchdogs to ‘’outlaw’’ cryptocurrencies and in today's crypto news we read more about his opinions. Utermann believed that a direct ban was actually preferable and he said to the regulators that they should outlaw cryptocurrencies by saying:
 “I am personally surprised that regulators haven’t stepped in harder.”
He was especially addressing the head of Britain’s Financial Conduct Authority Andrew Bailey who was sitting right next to him at the panel discussion. Bailey noted that Utermann’s opinions were ‘’quite strong’’ but he did agree that cryptocurrencies don’t have intrinsic value. Bailey made sure that the FCA is watching closely and that they have the initial coin offering sector under surveillance. Utermann’s stance doesn’t leave any room for negotiation but some of his colleagues at Allianz are more optimistic about the use of blockchain technology. The chief economist at Allianz Mohamed El-Erian said that he also doesn’t believe that cryptocurrency will ever be able to replace fiat money but they will become more widespread. He said:
 “Cryptocurrencies will exist. They will become more and more widespread, but they will be part of an ecosystem. They will not be dominant, as some of the early adopters believed them to be.”
El-Erian explained that crypto is not dead and the technology isn’t dead also. He is sure that we are about to see more widespread adoption by the private sector but also from the public one. El-Erian concluded that the last year’s frenzy was ‘’unwarranted’’.
Continue Reading

Altcoin News

Altcoins Consolidating Above The Yearly Lows, Bitcoin Follows The Recovery Path

Even though the entire crypto news section is flooded by news about downward trends in the market, the negative sentiment is not seen in every altcoin out there. Despite the downside movement in the bitcoin price below the $3,440 support level, other major altcoins experience upward movements. Let’s take a look. Ethereum did struggle to recover above the $95 resistance levels and it declined even further below the $90 level. However, the buyers got interested in Ethereum when it reached a price at about $87 and the price is since consolidating. The price might rise towards the $95 level after the consolidation process since now it is standing at $92. Bitcoin Cash also failed to maintain its price above $100 and it declined by 3 percent. It is now trading at $99. BCHSV also declined below the $90 support level before buyers came in after the altcoin reached $85. It is now recovering and it is expected to face sellers near $100 support level. Ripple quickly recovered after dipping below $0.300 and the XRP/USD pair is currently up by 0.5% and it is expected to rise up to $0.320. Other smaller altcoins increased by 10 percent including XTZ, REP and DEX. Bitcoin didn’t go below the $3,400 support levels and it is now trading at $3,526. The BTC/USD pair broke the $3,400 support level and the price later corrected by a few points. There is a chance of a smaller recovery but if more losses occur, the price might start trading at another low of $3,225.
Continue Reading

Altcoin News

Gemini Founders (Winklevoss Twins) Launch A New Mobile Crypto Trading App

The founders of the cryptocurrency trading platform Gemini, Tyler and Cameron Winklevoss, have recently launched a mobile Bitcoin and crypto trading app together with a new investment vehicle, as their official blog post published on December 11th noted. This headline makes it in the latest cryptocurrency news in regards to new trading platforms. The post outlines that the new mobile trading app will allow users to buy and sell crypto while monitoring real-time and historical crypto market prices for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) as well as ZCash (ZEC). The users can see the total value of their current portfolio and set price and percentage value change alerts for their chosen coins. The further functionalities will include a "recurring buy" feature as well as extended support for a newly-launched investment vehicle that is named "The Cryptoverse" and is described as a basket of cryptocurrencies, weighted by market capitalization in order to be bought as a single order. As the interview with Bloomberg published yesterday noted, the twins struck a bullish tone in regard to the recent market crash. Tyler stated that "we are totally at home in winter" and his twin Cameron added that "it gives us time to build internally, and refine and kind of catch our breath.” Cameron even described the app as a bid to reach out to retail investors, stating:
“A lot of our decisions have perhaps given off a perception that we’re more institutional-based. The reality of the situation is that we have a diverse customer base. And the retail story is just beginning.”
The twins and Gemini founders also revealed their plans to expand to the Asian crypto market where they will face stiff competition from the thriving exchange industry that includes companies such as Bitfinex, Binance and Huobi.  
Continue Reading

Altcoin News

Founder Of TRON Wishes To “Rescue” dApp Developers Working On Ethereum & EOS

The founder of TRON, Justin Sun, has recently spoken about Ethereum and EOS - more specifically the developers working on these dApps. As he hinted and what's featured in the crypto news today, Sun announced that he wishes to create a fund and "rescue" dApp developers working on both platforms on the condition that they move their dApps to the TRON network. Driven by his need for successful self-promotion as well as the successful acquisition strategy of his company (which successfully acquired BitTorrent in July this year), TRON claims that it has made significant progress towards building an infrastructure for a completely decentralized Internet. Sun, however, has been seeing controversy over his aggressive self-promotion after he hinted at a partnership with the Chinese internet giant Baidu - only for it to emerge that it was nothing more than a cloud computing agreement for the services. On top of this, Sun also announced NBA legend Kobe Bryant as an official speaker at the upcoming crypto conference for TRON. On top of this, Justin Sun had engaged in a public Twitter spat with the co-founder of Ethereum, Vitalik Buterin, over allegations that TRON plagiarised parts of its whitepaper from previous whitepapers by IPFS and Filecoin.
Continue Reading


For Updates & Exclusive Offers
enter your email below


Join us on Facebook

Recent Posts




No Events



Trending Worldwide