Crypto Currency

Top 10 Performing Cryptos Of The Week, 09-16 May 2021

The week was really bad for the crypto market with Bitcoin (BTC) going down over -20.

The week was really bad for the crypto market with Bitcoin (BTC) going down over -20.
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Crypto Currency

XLM, UNI and AAVE gain double-digits as BTC reclaims $94k

Several altcoins are recording notable gains as the crypto market braces for new upside momentum. This comes as Bitcoin rose slightly after the declines that saw it drop to lows of $91,000 this week. With BTC reclaiming the area above $94, 300, Stellar (XLM), Uniswap (UNI) and Aave (AAVE) jumped more than 11% each. XLM


  • Several altcoins are recording notable gains as the crypto market braces for new upside momentum.
  • This comes as Bitcoin rose slightly after the declines that saw it drop to lows of $91,000 this week.
  • With BTC reclaiming the area above $94, 300, Stellar (XLM), Uniswap (UNI) and Aave (AAVE) jumped more than 11% each.

XLM, UNI and AAVE tokens surge

XLM traded at $0.5066 at the time of writing, up nearly 16% in the past 24 hours and over 103% in the past week. Per CoinGecko data, Stellar had recorded more than $4.6 billion in 24-hour volume and its market cap stood $14.9 billion.

Meanwhile, the UNI price hovered around $12.64, up 15% over the last 24 hours and 39% this past week. The Uniswap market was $7.5 billion and the trading volume stood at over $1 billion.

Decentralized finance giant Aave’s price also rode bullish momentum over the last month to trade above $198. On Wednesday, AAVE token reached intraday highs of $195 and looking to break above $200. AAVE was up 12% in the past 24 hours and 20% this past week.

Other top altcoins, including XRP, Cardano (ADA) and Avalanche (AVAX) recorded double-digit gains, with XRP looking to strengthen above $1.40.

What’s delaying the altcoin season?

While major altcoins and meme coins are recording decent gains, analysts say the altcoin season is yet to arrive. Commenting on altcoin performance during this cycle compared to Bitcoin’s rip to near $100k, CryptoQuant CEO Ki Young Ju says things are different.

“Compared to the last cycle, the nature of capital flowing into Bitcoin has shifted. The current Bitcoin rally is primarily driven by demand from institutional investors and spot ETFs. Unlike crypto exchange users, institutional investors and ETF buyers have no intention of rotating their assets from Bitcoin to altcoins. Moreover, as they operate outside of crypto exchanges, asset rotation becomes inherently less feasible,” the analyst posted on X.

The outlook is more accurate for small cap altcoins, which might not attract institutional investors through ETFs or other investment vehicles.

“Minor altcoins still rely on crypto exchange users to buy them,” Young Ju opined.

This is what is delaying the alt season, the CryptoQuant CEO noted. It points to reduced influx of fresh capital from new exchange users.

Young Ju added:

“If Bitcoin retail FOMO reignites, exchange user activity might increase, potentially setting the stage for an altcoin season. However, Bitcoin’s future growth is expected to come from ETFs, institutions, and maybe

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Crypto Currency

MicroStrategy Copycats Jump On The Bitcoin Bull

How to cure a sagging stock price? For a growing number of micro-caps, it’s as easy as buying bitcoin and announcing it to the world. By Steven Ehrlich , Forbes Staff In late 2021, Semler Scientific, a promising Santa Clara-based medical technology company, was facing a world of trouble. Growth was slowing and the tiny

How to cure a sagging stock price? For a growing number of micro-caps, it’s as easy as buying bitcoin and announcing it to the world. By Steven Ehrlich , Forbes Staff In late 2021, Semler Scientific, a promising Santa Clara-based medical technology company, was facing a world of trouble. Growth was slowing and the tiny
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Crypto Currency

BANK OF AMERICA down a notch on ‘too big to fail’ list…

BANK OF AMERICA down a notch on ‘too big to fail’ list… (Second column, 11th story, link) Related stories:Crypto market sheds $180 billion in day as bitcoin slides further from $100,000… Drudge Report Feed needs your support!   Become a Patron…

BANK OF AMERICA down a notch on ‘too big to fail’ list…

(Second column, 11th story, link)

Related stories:Crypto market sheds $180 billion in day as bitcoin slides further from $100,000…

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Crypto Currency

Bitcoin falls back below $91,000 as the crypto market’s Trump rally goes backwards

Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win.Read more…

Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win.Read more…
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