Author: The Daily Hodl
A widely followed cryptocurrency analyst and trader is issuing a warning on altcoins. The analyst pseudonymously known as Credible Crypto tells his 404,000 followers on the social media platform X that it is within the realm of possibility for Bitcoin (BTC) to fall by around 22% from the current level. According to the analyst, a deep Bitcoin correction could have a catastrophic impact on altcoins. “If BTC does start to gain momentum to the downside and does take its own lows into $53,000 – expect a pretty aggressive move down on altcoins across the board along with it.” Looking at…
A widely followed cryptocurrency analyst is saying he’s bullish on a leading memecoin as he shares his outlook on two other digital assets. Pseudonymous trader Altcoin Sherpa tells his 219,000 followers on the social media platform X that over the next six to 12 months, Dogecoin (DOGE) could hit a price of over $0.50, representing a potential gain of more than 275% from the current level. “DOGE is a great coin to have but the returns aren’t going to be near the same as last cycle due to the market capitalization. Still, it’s a good one if you have huge…
Macro guru and Real Vision CEO Raoul Pal believes that Solana (SOL) will furiously outpace Bitcoin (BTC) this cycle. In a new YouTube strategy session, Pal says that Solana could be printing a classic bullish inverse head and shoulders pattern (I-HNS) pattern against Bitcoin. “That’s a killer inverse head and shoulders, cup and handle, whatever it is. It’s suggesting there is a very big move to come in this cross, meaning Solana is going to outperform a lot. That is a typical signature of crypto summer, which is altcoin season.” An inverse head and shoulders pattern is a technical formation…
One low-cap altcoin surged by more than 27% this week amid its newly announced involvement in a central bank digital currency (CBDC) project. Coti (COTI) is a privacy-focused layer-2 network built on Ethereum (ETH). The project’s native asset is trading at $0.118 at time of writing, up from $0.0929 one week ago. Coti announced on Tuesday that it will take part in the Central Bank of Israel’s CBDC project alongside the payments giant PayPal and the digital asset operations firm Fireblocks. “CBDCs have been identified by COTI as a key use case for its privacy-centric upcoming infrastructure and we are…
A prominent crypto firm is launching a new crypto hardware wallet with touchscreen capabilities. In a new announcement on the social media platform X, Ledger says that it is releasing a new product in its line of crypto wallets equipped with touchscreens. “Ledger Flex is here. Alongside Ledger Stax, Ledger Flex is the latest addition to our new category of secure touchscreen devices.” According to the firm’s website, the newer Flex model comes with a 2.84″ touchscreen while the Stax model features a 3.4″ one. Both wallets are compatible with thousands of digital assets and come packed with Ledger’s Secure…
Bitcoin (BTC) is in an accumulation phase, according to the chief executive of CryptoQuant. Ki Young Ju tells his 356,900 followers on the social media platform X that 358,000 BTC moved to permanent holder addresses in the past month. The CEO notes global spot exchange-traded (ETF) inflows in July were only 53,000 BTC. “Though not all remaining BTC is in custody wallets, whales are clearly accumulating. And it’s an unprecedented level. The recent Bitcoin inflows to permanent holder addresses are not due to ETF wallets. These wallets are neither exchange nor miner wallets and have no outflows; they are mostly…
A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend. “Bitcoin successfully dipped into $65,000 and rebounded. Now let’s see if Bitcoin now rallies to $71,500. Bitcoin has an entire long weekend to do it.” According to the trader, since BTC held $65,000 as its support zone, it will continue to stay in a price range of…
One US Presidential hopeful is solidifying his spot as the top supporter of Bitcoin (BTC) and crypto. Earlier today, independent Presidential candidate Robert F. Kennedy Jr., former President John F. Kennedy’s nephew, spoke on digital assets at the BTC Nashville convention. “I am a huge supporter of Bitcoin. I have most of my wealth in Bitcoin. I am fully committed.” Though Kennedy is lagging far behind Donald Trump and Kamala Harris in the polls, he is the only Presidential candidate with a long record of supporting digital assets. Though Trump has recently self-proclaimed the title of The Crypto Candidate, he…
A widely followed crypto analyst believes that one Ethereum (ETH) rival is gearing up for a parabolic move. In a new strategy session, crypto trader Ali Martinez tells his 68,300 followers on the social media platform X that Solana (SOL) could put up a more than 400% gain based on historical precedence. “Solana is looking a lot like July 2021 – $1,000 SOL coming soon!” Looking at the analyst’s chart, he suggests that Solana may be breaking out of a descending triangle for a bullish reversal similar to in July 2021, when SOL soared from around $34 to an all-time…
Digital asset technology company Marathon Digital (MARA) is stocking up its Bitcoin (BTC) holdings. In a statement, the Florida-headquartered firm says it just bought $100 million worth of the flagship cryptocurrency and currently holds over 20,000 BTC on its balance sheet, which is currently worth over $1.3 billion. The cryptocurrency miner says that aside from buying more Bitcoin in the open market, it also plans to keep all of the BTC that it mines as it adopts a full hold on for dear life (HODL) approach towards its Bitcoin treasury policy. MARA’s chairman and CEO Fred Thiel says the full…