ETH is breaking out after decentralized finance (DeFi) coins, almost all of which are Ethereum-based have run hard.
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Is it time for alt season again? Looking at this simple divergence indicator (comparing the total cap to total cap minus BTC), it looks like alt season could be approaching.
Coinbase announced they will consider adding Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Token, Siacoin*, SKALE Network, Synthetix, and VeChain.
Coinbase is launching compound and maker. Both are Ethereum-based cryptos and are related to lending and borrowing systems.
Bitcoin is still on a bullish trajectory, but it has paused here to consolidated under resistance. With volatility very low, a break one way or the other soon seems likely.
The ETHE premium is nearly 10x ETH’s price and is about 10x ETHE’s value. This means people are paying about 10 times what ETHE is worth.
According to CoinTelegraph Russia’s oldest and largest bank, Sberbank, is buying blockchain ATMs that can mine crypto.
The Bitcoin halving occurred today. The Mining reward for Bitcoin is now cut in half from 12.5 to 6.25 BTC.
Is it alt season yet? This chart implies that it at least isn’t a hard no.
Is it alt season yet? This chart implies that an alt season could be brewing here in May 2020.
Bitcoin is nearing $10k with the halving only a few days away (estimated on May 11 2020). That is all 🙂