Among the top movers, privacy-focused cryptocurrency Zcash (ZEC) stole the spotlight. The token surged by more than 70%, reaching its highest level since May 2022, sparking renewed interest in the altcoin sector. 

Altcoins Take the Lead 

While Bitcoin and Ethereum advanced modestly, altcoins experienced a stronger rally. Several DeFi tokens posted significant price gains. Notably, Ethena (ENA), Curve (CRV), and Raydium (RAY) stood out with growing trading volumes. 

Market analysts suggest this rally was partly fueled by weakness in the U.S. dollar. The looming risk of a U.S. government shutdown pushed gold to record highs, indirectly boosting demand for cryptocurrencies. 

Market Analysis and Technical Outlook 

In derivatives markets, open interest remained elevated at around $31.69 billion, signaling that leveraged positions are still dominating. 

Options activity presented a mixed picture. Short-term traders favored puts, yet calls held the majority share of overall trading volume. Funding rates across major exchanges remained positive, showing stronger demand for long positions. 

Over the past 24 hours, total liquidations reached $644 million, with 62% coming from short positions and 38% from longs. This highlights how quickly the market can reverse direction. 

Key Highlights: 

• Bitcoin and Ethereum up nearly 3%. 
• Altcoins posted double-digit gains. 
• Zcash surged 71%, hitting a 16-month high. 
• DeFi tokens gained traction with higher volumes. 
• $644 million worth of positions liquidated in 24 hours. 

Technical indicators show several assets entering overbought territory. This increases the probability of a short-term correction. However, rising trading volumes and investor momentum could pave the way for another wave of crypto market growth. 

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Crypto Market Rallies: Altcoins Lead, Zcash Hits 16-Month High appeared first on Coin Engineer.

What Is CoinGecko?

Founded in 2014 by TM Lee and Bobby Ong, CoinGecko is a Singapore-based crypto data platform that tracks over 17,000 digital assets and more than 1,000 exchanges worldwide. It provides real-time market data, including prices, market capitalization, trading volumes, and other key metrics. Beyond cryptocurrencies, CoinGecko also offers insights into NFTs and DeFi (Decentralized Finance) projects. With its intuitive interface and robust analytics, it’s an essential tool for investors, developers, and enthusiasts alike.

One of CoinGecko’s key strengths is its ability to aggregate prices from multiple exchanges to deliver a global average, ensuring more accurate and unbiased data. Its Trust Score system further enhances reliability by evaluating exchanges based on liquidity, security, and transparency.

How to Use CoinGecko

CoinGecko’s features cater to a wide range of users, from novices to professional traders. Below is a breakdown of its main sections and tips for effective use:

1. Homepage: A Snapshot of the Crypto Market

The homepage is CoinGecko’s most visited section, attracting millions of users monthly. It displays the top 100 cryptocurrencies by market capitalization, along with their current prices. You’ll also find an overview of the total crypto market cap and 24-hour trading volume, as well as trending coins and top gainers or losers.

Sort the table by 1-hour, 24-hour, or 7-day price changes to identify coins with significant recent movements. This is especially useful for spotting opportunities among low-cap coins by navigating through different pages.

2. Search Bar: Your Gateway to Discovery

The search bar is a powerful tool for quickly finding information on specific cryptocurrencies, NFTs, or categories. Search results include trending tokens, related articles, and GeckoTerminal charts, making it ideal for exploring new projects or staying updated on market trends.

3. Coin Pages: In-Depth Project Analysis

Each cryptocurrency has a dedicated page packed with essential data for research. Key sections include:

• Market Data: Price, market cap, 24-hour trading volume, circulating supply, and maximum supply.

• Project Details: Official website, social media links (Twitter, Discord, Telegram), blockchain explorer, and token contract addresses.

• Price Charts: Historical price movements, market cap trends, and TradingView integration for advanced analysis.

• Related Coins: Category tags to discover similar projects.

4. Categories: Stay Ahead of Market Trends

CoinGecko organizes coins into popular categories like Meme, GameFi, and AI Agents. You can sort these categories by market cap, 24-hour volume, or price changes. Detailed charts also track the performance of subcategories, such as Solana-based meme coins, helping you identify trending narratives.

5. Exchanges: Assess Reliability and Liquidity

CoinGecko lists both centralized and decentralized exchanges, showing which coins are available for trading, along with their Trust Score and liquidity metrics. This helps you decide where to trade a specific coin. For instance, a coin not yet listed on major exchanges may signal high growth potential but also higher risk.

6. NFTs: Explore the World of Digital Collectibles

CoinGecko tracks NFT collections, including floor prices, market caps, and 24-hour sales volumes. The NFT Heatmap visualizes the market share of top collections, and users can filter by blockchain to discover trending NFTs.

7. Portfolio: Track Your Investments

The portfolio feature allows you to monitor your holdings or create watchlists. You can log real investments or simulate virtual trades to test profit-and-loss scenarios. Setting price alerts ensures you stay informed about significant market movements.

8. API for Developers

CoinGecko offers a robust API for developers, providing access to real-time prices, historical data, exchange information, and NFT floor prices. Used by platforms like Etherscan and MetaMask, the API supports the creation of trading bots, portfolio trackers, and market analysis tools. Both free and paid plans are available.

Advantages of CoinGecko

• Free Access: Core features are available at no cost, offering a broad range of data.

• Transparency: Data is sourced from verified exchanges and presented impartially.

• Comprehensive Coverage: Tracks over 17,000 cryptocurrencies and 1,000+ exchanges.

• User-Friendly: The web and mobile app interfaces are intuitive for all skill levels.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What Is CoinGecko? A Comprehensive Guide to Using It appeared first on Coin Engineer.

Adams characterizes Ethereum’s current state as one of “adolescence,” suggesting that the network’s complexity and relatively high transaction fees compared to emerging layer-2 (L2) solutions are deterring new users from flocking to ETH. As a result, investors seeking to capitalize on this bull cycle might opt for L2 projects, potentially overlooking Ethereum.

Related News: Coinbase Exchange Decision on PlayDapp (PLA)!

Despite the challenges, Adams also highlights Ethereum’s underlying strengths, emphasizing its position as the root of the “chain of 1000 chains” and its substantial profitability. He suggests that as the bull run progresses, investors might eventually recognize Ethereum’s true value, leading to a potential surge in price.

Adams also acknowledges the possibility that Bitcoin’s upward trajectory could eventually spill over to Ethereum, driving its price higher.

At the time of writing, Ethereum is trading at $2,914, down 3.5% in the past 24 hours, according to CoinGecko data.

The post Ethereum (ETH) Could Miss Out on This Bull Run, According to Developer appeared first on Coin Engineer.

Tonight, Bitcoin halving took place, a historical event for Bitcoin (BTC) and the crypto market. There was no sharp price movement before or after and the market continues to remain calm. In order for the price to start rising again, it must close above the previous peak area of $59,500, which is the $68,000 level, which is the last bottom, and ensure permanence. In a possible decline, the first region that the price will want to target is the liquidity region at $ 59,000 and, with its loss, the $ 53,000 region.

Bitcoin (BTC): BTC/USDT parity has lost 0.48% of its value in the last 24 hours and is currently traded at $63,986. Resistance levels for BTC are first at $68,000 and then at $73,850. Support levels are $59,000 and below this area is $53,000.

Ethereum (ETH): ETH/USDT parity has lost 0.59% value in the last 24 hours and is currently traded at $3,064. Resistance levels for ETH are first at $3,300 and then at $3,660. Support levels are $2,880 and below this area there is $2,730.

dogwifhat (WIF): WIF/USDT parity has gained 4.66% in value in the last 24 hours and is currently trading at $2.83. Resistance levels for WIF are first at $3.16 and then at $3.45. Support levels are $1,949 and below this area there is $1,646.

SingularityNET (AGIX): AGIX/USDT parity has gained 6.75% in the last 24 hours and is currently trading at $0.9080. Resistance levels for AGIX are first at $0.9299 and then at $1.15. Support levels are $0.594 and below this area there is $0.56.

Cardano (ADA): ADA/USDT parity has gained 8.89% in the last 24 hours and is currently trading at $0.4963. Resistance levels for ADA are first at $0.563 and then at $0.3994. Support levels are $0.3994 and below this area there is $0.3550.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Latest Situation in Bitcoin and Cryptocurrencies! – April 20 appeared first on Coin Engineer.