Author: The Daily Hodl
An Ethereum (ETH) initial coin offering (ICO) participant woke up this weekend after nearly three years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the ICO participant deposited 1,555 ETH worth $4.86 million into the crypto exchange Coinbase on Sunday. The unknown address received 6,292 ETH during the 2014 ICO, costing $1,951 in total. Lookonchain says that same total is now worth more than $20.15 million, a staggering 1,032,703% increase. It’s not the only notable wallet to move its ETH recently. Lookonchain also notes that a giant whale that at one point held 398,891 ETH worth $1.28 billion…
An analyst with a history of spot-on crypto calls is outlining his bull market targets for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Pseudonymous analyst Bluntz tells his 287,800 followers on the social media platform X that Bitcoin will hit a bull market top at $150,000, Ethereum at $8,000 and Solana at $500. Looking closer at Bitcoin, the analyst believes that BTC is in the midst of a major wave-five surge, propelling BTC toward his massive price target. “BTC ended up vertically accumulating for longer than originally anticipated so naturally the expansion should move higher as well. Forecasting BTC to…
A closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts. Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he’s bullish on the native asset of the peer-to-peer file storage network Filecoin (FIL). According to the analyst, FIL looks poised to rally to its range high after respecting its long-term support. Martinez also thinks that FIL could witness exponential rallies if it manages to overcome a crucial resistance level. “Missed out on the $2.94 entry, but I’m still bullish on Filecoin FIL at this level. The lower…
Digital assets manager CoinShares says that institutional investors dropped nearly two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in inflows to the tune of $1.98 billion on net last week. CoinShares attributes the stream of inflows to “macroeconomic factors and US political shifts.” “Digital asset investment products saw post-US election inflows of US$1.98bn, marking inflows for the 5th consecutive week with year-to-date inflows having reached a new record of US$31.3bn. Global assets under management, following the price rises last week, also reached a new all-time…
Bitcoin is blasting through thousand-dollar barriers at a relentless rate, now crossing the $88,000 mark at time of publishing. Just one week ago, BTC was price at $67,568. Altcoins are flying alongside Bitcoin, with Ethereum hitting $3,349, Solana (SOL) touching $220 and Dogecoin reaching $0.32, with 24 hour gains of 6.7%, 7% and 23%, respectively. Bitcoin’s massive move has played out alongside equities, with the Dow Jones Industrial Average closing at a record high of 44,293, as markets digest Donald Trump’s emphatic victory. The President-elect has vowed that his administration will stop selling billions of dollars of Bitcoin that the…
One widely followed crypto analyst says that Bitcoin (BTC) could be in the middle of a phase of largely uninterrupted upside. Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that BTC’s current run run could continue unabated for a few more weeks. At time of writing, Bitcoin is trading just below $85,000, rallying nearly $20,000 in under a month. Says Rekt, “BTC history suggests that we may not have a deeper pullback for a few more weeks Until then, we’ll be lucky to get any brief dips in the meantime Generally, the first…
Widely followed crypto analyst Benjamin Cowen says that Ethereum (ETH) is potentially on the cusp of bottoming out against Bitcoin (BTC). In a new strategy session, crypto trader Benjamin Cowen tells his 821,000 YouTube subscribers that the low for Ethereum in its Bitcoin pair (ETH/BTC) is either already in or very close to it. Says Cowen, “The low for ETH/BTC is either in or very, very close to being in both in terms of valuation and in terms of time. I would say that after three years, we finally have at least a little bit of evidence to suggest the…
Bankrupt crypto exchange FTX is reportedly suing Binance and its former CEO Changpeng Zhao over alleged fraudulent transfers initiated by Sam Bankman-Fried. The estate of FTX, which collapsed in 2022 when Bankman-Fried mismanaged customer funds, is trying to retrieve $1.8 billion from Binance that it says was sent to Zhao in a stock repurchase deal, Bloomberg reports. Binance, Zhao and other executives from the exchange allegedly received the money from Bankman-Fried in July of 2021 when he bought back 20% of FTX’s international unit and 18.4% of its US-based entity, legal filings show. Bankman-Fried paid for the stock buyback using…
Two Solana (SOL)-based memecoins are going parabolic after earning sudden support from Binance, the world’s largest crypto exchange. Binance announced spot trading support for Act I:The AI Prophecy (ACT), triggering more than a 2,224% explosion early on Monday. ACT is trading for $0.486 at time of writing, up from its 24-hour low of $0.0191. With a market cap of $456 million, ACT is already the 183rd largest crypto project. The exchange also announced the listing of memecoin Peanut the Squirrel (PNUT), also a Solana-based coin. PNUT is trading for $0.39 at time of writing, up 320.8% in the last 24 hours…
Bitcoin’s parabolic November continues. The top cryptocurrency just pushed past the $84,000 mark, the latest in a series of all-time highs that has triggered $659.85 million in liquidations in the last 24 hours alone. That, according to the latest on-chain data from Coinglass. The move higher has also triggered all-time highs for a list of altcoins including Solana (SOL), which has reached $220 after rising 3.4% in the last day. The crypto analyst Bluntz tells his 286,000 followers on X that he’s expecting BTC to push to at least $130,000 early next year. “BTC ended up vertically accumulating for longer than…