The pump is again!
Cryptocurrencies are up strongly as we speak, with Litecoin hitting an all-time excessive of US$360 shortly earlier than lunchtime (AEST) whereas Dogecoin reached the extent of US69c, presumably for teh lulz. (Don’t make us clarify that one to you).
— @ ur fav wrapper (@urlurstruly) May 5, 2021
Eighty-two of the highest 100 crypto-assets had superior over the previous 24 hours, with 22 posting double-digit good points.
Telcoin and Leo Token had additionally set all-time highs this morning, whereas Leo Token, Ethereum, Chainlink, THORChain, cEth and Ethereum Basic did so yesterday afternoon.
Litecoin and Chainlink proper now pic.twitter.com/DaDZfbHAbK
— JRNY Crypto (@JRNYcrypto) May 5, 2021
Telcoin was the largest gainer, up 70 per cent on phrase it would start remittance operations in Australia.
Skilled merchants have been warning these sitting on the sidelines in opposition to FOMO-ing into Dogecoin after its parabolic good points. The coin, buying and selling this morning at US65c, is well the best-performing high 100 cryptocurrency previously 30 days, up greater than tenfold.
Must you purchase #Dogecoin at this level? No.
Must you promote #Dogecoin when you’re holding it? I’d be taking earnings.
These heavy vertical actions on #altcoins typically finish in a nightmare for almost all.
— Michaël van de Poppe (@CryptoMichNL) May 5, 2021
There was some on-line hypothesis that Dogecoin traders on Robinhood have been taking their earnings and transferring them into large-cap legacy altcoins like Litecoin.
Count on RH listings to be a significant driver of future returns. pic.twitter.com/i37zaJwGh9
— Alex Krüger (@krugermacro) May 5, 2021