Author: The Daily Hodl
Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market. The CEO of investment firm 10T Holdings tells his 120,000 followers on the social media platform X that ETH could soar by 171% from its current value as decentralized finance (DeFi) crypto projects built on its blockchain could flourish under pro-crypto US President Donald Trump. Trump, who is expected to take office in January 2025, has promised to fire the chair of the US Securities and Exchange Commission (SEC), Gary Gensler, who is largely seen as being anti-crypto. “Ethereum too cheap. Gonna explode…
Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could appreciate by between 73% to 100% from the current level to reach the cycle top in August or September of 2025. Based on the veteran trader’s chart, it appears he is suggesting that the time it will take for Bitcoin to reach the cycle top after the halving…
A popular crypto strategist is suddenly flipping bullish on an altcoin connected to a viral game on the encrypted messaging platform Telegram. Analyst Ali Martinez tells his 77,300 followers on the social media platform X that Notcoin (NOT) could soar 100% from its current value. “Notcoin is showing a promising risk-to-reward setup. With a falling wedge pattern forming, it could be primed for a bullish breakout toward $0.012!” A falling wedge breakout is a technical analysis pattern that is used to identify bullish reversals in an asset’s price. The pattern is characterized by a series of lower highs and lower…
A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump. Bitcoin hit new all-time highs as Trump prevailed over Democratic challenger Kamala Harris. “So crazy! After BTC hit a new all-time high, a whale shorting BTC got liquidated for $74.98 million!” According to crypto exchange data aggregator Coinglass, $413.8 million worth of short positions were liquidated on Election…
A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards. In a new strategy session, crypto trader Kevin Svenson tells his 80,200 YouTube subscribers that a parabolic trend to six figures for the top crypto asset by market cap after its post-election boom is still a very real possibility. According to Svenson, the crypto king could skyrocket to $124,000 by March and $142,000 by October, shattering all bearish theses brought forth toward it since 2023. However, the analyst says that BTC needs to breach the $94,000 mark first, noting…
A closely followed crypto analyst says Ethereum (ETH) may be gearing up for a massive breakout against Bitcoin (BTC). In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “A massive bullish divergence on ETH. The entire Ethereum ecosystem thriving [on…
JPMorgan Chase says the incoming Trump administration could boost both Bitcoin (BTC) and gold. In a note to clients, the US bank says that if Republicans gain control of the House in addition to the Senate, a weaker dollar is likely as stimulus is poured into the system, reports Barron’s. This, combined with potential further rate cuts from the Federal Reserve, could push USD lower while benefiting BTC and precious metals. In a forecast published just before the election, JPMorgan strategists say investors should pay attention to gold and Bitcoin ETFs after a Trump victory. “…Retail investors appear to be…
Leading non-fungible token (NFT) marketplace OpenSea says it is about to launch a major overhaul of its platform. In a post on social media platform X, OpenSea co-founder and CEO Devin Finzer says he has been working to rebuild the world’s largest NFT marketplace. “We’ve been quietly cooking at @opensea. To really innovate, sometimes you have to take a step back and reimagine everything So we built a new OpenSea from the ground up.” OpenSea also opens the waitlist for its revamped platform, which is set for launch in December this year. The firm is launching its new version amid…
A widely followed cryptocurrency trader is leaning bullish on a low-cap memecoin built on the Solana (SOL) blockchain. Pseudonymous trader Bluntz tells his 288,100 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) “looks appealing” as it sits around 53% below its all-time high reached in late September. According to Bluntz, MOODENG is also exhibiting bullish divergence in the four-hour time frame. A bullish divergence occurs when the price of an asset is printing lower lows while simultaneously seeing higher lows on an oscillator indicator such as the Relative Strength Index (RSI). MOODENG is trading…
Widely followed analyst Benjamin Cowen is issuing a warning on Bitcoin (BTC) as the flagship crypto asset trades near its all-time high. In a new video, Cowen tells his 820,000 YouTube subscribers that Bitcoin could turn bearish around one month after the US general election. “I just want to put that out there as one potential outcome that following the election, there’s going to be a lot of really bold calls as to what will happen. And what I think could happen is a drop sometime in early December that scares people. And I think it might be around the…