Author: The Daily Hodl

Investor and venture capitalist Preston Pysh believes that crypto will witness exponential growth in the next five years. In a new interview on the TFTC YouTube channel, the general partner at Bitcoin (BTC)-focused venture fund Ego Death Capital highlights that crypto is not following a linear path in terms of growth. He thinks the asset class will go far in the coming years and tremendously exceed the growth recorded between 2019 and 2024. “This is exponential, so whatever growth we had over those last five years, it’s going to be even more aggressive in the coming five years. I think…

Two top-100 altcoins defied the crypto market downtick and witnessed big gains this week amid new fundamental developments. The decentralized Internet of Things (IoT) network Helium (HNT) announced on Friday that “two large US carriers” kicked off tests to unload their traffic onto the Helium MOBILE Network. MOBILE is a Solana-based (SOL) decentralized wireless provider that’s part of the Helium ecosystem, which aims to enable IoT devices connected to the network to communicate and share data by supporting smart contracts and enterprise applications. HNT, Helium’s native token, is trading at $6.67 at time of writing. The 66th-ranked crypto asset by…

A closely followed crypto analyst is warning of a Bitcoin (BTC) collapse if it fails to hold one key support level. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that Bitcoin’s bull market could be invalidated if it falls more than 27% from the current value on the weekly chart. “Strength is price action above $44,600, which is the bull market support level. Anything under that level that closes on a weekly or monthly basis is going to be pretty severe consequences for the Bitcoin market. That is my flipping point, that flipping point…

Venture capitalist and investor Chris Burniske believes that the crypto market is setting up for a massive bull run. A partner at digital asset venture firm Placeholder tells his 297,500 followers on the social media platform X that he believes crypto is gearing up for a big upside burst after this week’s marketwide correction, buoyed by an imminent boost in global liquidity. However, the investor warns that market volatility could persist through September before the bull rally. “Sentiment reset and leverage flush while most quality crypto assets put in significantly higher lows than we saw in 2023. Meanwhile, central banks…

Macro guru and Real Vision CEO Raoul Pal is highlighting one smart contract-enabled blockchain token that he believes has potential. Pal tells his one million followers on the social media platform X that the native token of the layer-1 blockchain Sui (SUI) is “starting to look very interesting from a price perspective.” “…I’m looking at ALL major tokens for the next Solana-type opportunity regardless, and this [Sui] strikes me as one of them.” According to the macro guru, SUI is “showing signs of breaking out against most tokens” and is “one of the potential fastest horses in the race.” Pal…

Crypto trader Kevin Svenson believes Bitcoin (BTC) is headed close to $100,000 following this week’s marketwide tumble. Svenson tells his 79,000 YouTube subscribers that Bitcoin has formed a bullish divergence pattern on the daily chart. A bullish divergence occurs when the price of an asset is trading down or sideways while an oscillator such as the momentum indicator relative strength index (RSI) is in an uptrend. The signal suggests that bullish momentum is on the up and up. Says Svenson, “We got actually a slightly higher low in the RSI – you could also call it flat support, horizontal support.…

Layer-1 blockchain The Open Network (TON) is surging by more than 13% in 24 hours after suddenly gaining support from the world’s largest crypto exchange by volume. Toncoin is trading at $6.22 at time of writing, up from $5.44 a day ago. In a new announcement, Binance says its listing TON with a seed tag, which the platform applies to tokens that have more volatility potential. Users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of the inherent risks. TON was initially developed by the encrypted messaging platform Telegram and known…

Two under-the-radar altcoins are surging after abruptly gaining support from top US-based crypto exchange Coinbase. In a new announcement, Coinbase Assets says it is adding interoperable layer-1 blockchain ZetaChain (ZETACHAIN) and cross-chain bridge Across Protocol (AVX) to its listing roadmap. Coinbase’s listing roadmap was created in 2022 as a means of increasing transparency and stifling front-running. Every time Coinbase decides to add a new asset, it first communicates the decision via the roadmap. Billed as the “first universal blockchain,” ZetaChain is an interoperable Ethereum Virtual Machine (EVM) that allows developers to build decentralized applications (dApps) across multiple blockchains, including Bitcoin…

Analyst Benjamin Cowen is saying that the altcoin market could stop bleeding against Bitcoin (BTC) when one key event occurs. In a new video, Cowen tells the 806,000 subscribers of his YouTube channel that a reliable gauge of the altcoin market is the performance of Ethereum against Bitcoin (ETH/BTC). Cowen suggests that once the ETH/BTC trading pair reaches the range between 0.04 BTC and 0.03 BTC on the weekly chart, which it just touched, Bitcoin dominance (BTC.D) could soon start to decline. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A declining BTC.D…

A widely followed crypto analyst says Bitcoin (BTC) will soon crawl back to life from the depths to reach new heights. Crypto trader Michaël van de Poppe tells his 722,100 followers on the social media platform X that he has reason to believe that BTC has already made it through this correction cycle’s low. “Bitcoin is printing a massive weekly candle. If this closes above $57,000, then it’s very likely that we’ve seen the low of this correction.” According to Van de Poppe, institutional investors are pouring major capital into BTC at current prices. “Massive day yesterday as Bitcoin broke…