Why Altcoins Were Surging Today | The Motley Fool

Sep 19, 2024 · Become a Motley Fool member today to get instant access to our top analyst recommendations, ... Why Altcoins Were Surging Today. By Eric Volkman – Sep 19, 2024 at …

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FAQs about Why Altcoins Were Surging Today | The Motley Fool Coupon?

Why were altcoins on fire?

The Motley Fool Why Altcoins Were on Fire Today Story by Eric Volkman• 10m Fear of missing out, or FOMO, can be a powerful inducement for investors, particularly in the volatile world of cryptocurrency. On Wednesday, the emotion helped push the world's most popular digital coin to price levels it hasn't seen in years. ...

Which altcoins popped higher?

It's no wonder, then, that Bitcoin Cash, Bitcoin SV, Stacks, and a clutch of other altcoins popped higher on the bureau's revision. This isn't to say that all is free and clear for the lower-capitalized and (to many) more-esoteric coins and tokens on the market. ...

Why are altcoins so speculative?

There are numerous reasons for this, not least that even the most popular coins and tokens are considered very speculative investments. Happily for those folks, the economic winds blowing on Wednesday seemed to be favorable, and many altcoins rose in price. These included Bitcoin Cash, its cousin Bitcoin SV, and Stacks. ...

What are altcoins & how do they work?

Altcoins fall into this category. Cardano, Solana, Aptos, and Polkadot all aim to provide a platform that's fast and cheap for developers to build applications that use the blockchain. In turn, the idea is that the token itself will be used to pay for transaction fees and potentially digital goods and services. ...

Are altcoins teasing a fresh all-time high?

With news that the foundational and leading cryptocurrency was teasing a fresh all-time high, trading was brisk and fruitful in altcoins on Tuesday. The prices of many were rising notably, at times edging into or exceeding double-digit percentage gains. Utility token Aptos (APT 7.78%) was up by slightly over 10%. ...

Is altcoin momentum reversing in 2025?

The altcoin momentum that drove many cryptocurrencies sharply higher in the second half of 2024 has reversed in 2025 and values are dropping like a rock. This week alone, many altcoins were down double digits and the slide may continue as the speculative bubble bursts. ...