Interest in cryptocurrencies is swelling again, as investors are beginning to look past heavy losses incurred in the past two months.
The flagship cryptocurrency, bitcoin made a recovery run to the $35,000 region and technical analysts are speculating a potential bullish breakout in the short term. One remarkable occurrence in the crypto markets has been the correspondence in bitcoin interest with that of altcoins. The markets usually sink or sail based on what happens to the leading cryptocurrency.
An altcoin is an alternative digital currency to Bitcoin. People choose altcoins for an assortment of reasons including use cases, cheap prices, or even volatility.
That being said, social media is buzzing today with interest in some altcoins as people are anticipating a bull market soon. Here are 3 important ones you might also want to look out for:
Bitcoin SV (BSV)
The cryptocurrency was born as a result of a hard fork of Bitcoin Cash in 2018, which itself emerged after a hard fork of Bitcoin in 2017. The “SV” in Bitcoin SV stands for Satoshi Vision as the coin claims to have stayed true to the vision of Bitcoin’s anonymous founder.
BSV was trading 18 percent higher at $157.60 at press time over 24 hours and spiked 19.12 percent against BTC in the same period. The coin has spiked 30 percent in the last seven days.
The surge came as London’s High Court gave a ruling in favor of Australian entrepreneur Craig Wright — the most influential backer of Bitcoin SV — in a case involving copyright infringement related to the original Bitcoin whitepaper.
“Cobra”, the pseudonymous operator of the Bitcoin.org website has been asked to remove the whitepaper, to which Wright claims to hold the copyright, as per a statement released by Ontier. The case was discussed heavily on Reddit forum r/CryptoCurrency.
Baby Doge Coin (BabyDoge)
The cryptocurrency that claims to have learned a few tricks from its father, the Shiba Inu-themed Dogecoin, has been trending on CoinMarketCap. The project makes claims that it is “hyper-deflationary” and has a smart integrated staking system that rewards holders as transactions take place.
The newly launched cryptocurrency claimed on Twitter on Sunday that it had passed 150,000 holders.
BabyDoge traded 13.25% lower at less than $0.00000001 at press time. The coin has spiked 56% over a week.
READ ALSO: Shiba Inu And 9 Other Dogecoin Inspired Cryptocurrencies You Should Know About
AstroElon
AstroElon claims to be a safe, auto reward and auto-deflationary ERC 20 protocol that was built in response to scams and “rug pulls.” On Monday, a Reddit post by u/lovomon featured an AstroElon billboard in Times Square, New York City.
The post was titled, “We’re in Times Square, baby! Time to hop in, we’re about to liftoff! Let’s go!”
ELONONE traded 18.09% higher at $0.0000000391 at press time over 24 hours. The cryptocurrency traded 16.56% higher against bitcoin and 9.53% higher against Ethereum.
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