Author: The Daily Hodl

The host of the Coin Bureau YouTube channel, Guy Turner, is expressing bullish sentiment on one Ethereum (ETH) competitor. Turner tells the 2.47 million subscribers of the Coin Bureau channel that the layer-1 blockchain Fantom (FTM) possesses more upside potential based on technical analysis. “The weekly chart appears to be painting a wonky head and shoulders pattern that looks eerily similar to the topping pattern FTM saw in late 2021. Notably, this pattern implies that there could be one more leg higher.” According to Turner, Fantom could go up by approximately 98%, nearing double its current price. “Zooming out on…

The CEO of Bitcoin (BTC) wallet and payments application Strike, Jack Mallers, is predicting that the flagship crypto asset could hit a seven-figure price. Mallers says in a new interview with Anthony Pompliano that Bitcoin could soar between 260% and 1,357% in the coming months. “I think we’re still so early in the Bitcoin story. I’m publicly on record saying I think Bitcoin hits $250,000 to $1 million in this cycle. So now I’m speaking the next 10 to 18 months.” Bitcoin is trading at $68,653 at time of writing. Mallers predicts that the US government will be forced to…

The blockchain gaming altcoin Axie Infinity (AXS) is flashing signs that it could be ready to take off on a massive surge upwards, according to a popular crypto trader. The analyst Ali Martinez tells his 62,600 followers on the social media platform X that it looks like AXS is forming an inverse head-and-shoulders pattern on its weekly chart. Martinez says the pattern “anticipates AXS to rise toward the neckline at $13 before a potential breakout to $22.” An inverse head and shoulders pattern is a technical formation with bullish implications. The right shoulder suggests that bulls are willing to accumulate…

New data reveals that spot market Bitcoin (BTC) exchange-traded funds (ETFs) have brought in nine straight days of inflows totaling one billion dollars. According to data from London-based investment firm Farside Investors, BTC ETFs have seen positive inflows every day since May 14th, totaling more than $1.75 billion. May 15th and May 21st marked the days with the largest inflows, as they saw $303 million and $305.7 million, respectively. The data also unveils that the Grayscale Bitcoin Trust (GBTC) is the only BTC ETF that saw outflows during the nine-day period. On May 14th, it saw $50.9 million worth of…

It’s a sad day in the crypto community as one of the space’s most lovable faces has passed away. The cryptoverse woke up to a tragic announcement this morning: the Shiba Inu who inspired Dogecoin (DOGE) has died. Kabosu, the photogenic Japanese Shiba Inu who inspired countless Internet memes and eventually the DOGE memecoin, took her final nap this morning shortly before 8 am, according to her owner’s blog post. “Kabo-chan Today May 24 At 7:50 am I fell asleep… Outside the window Birds sing In a beautiful morning Stroked me To sleep It has gone softly…” Kabuso was 18 years old, 126…

Crypto exchange Binance just unveiled the second digital asset that will be supported on its new token launch platform. In April, the crypto titan launched Binance Megadrop, a platform with airdrops and Web3 quests that gives users early access to assets that are not yet listed on its exchange. The first crypto project on the token launch platform is the native Bitcoin (BTC) restaking chain BounceBit. In a new statement, Binance says Megadrop will now feature the asset of open-source liquidity protocol Lista (LISTA). Lista says it enables users to earn yields on collateralized crypto assets such as BNB and…

A widely followed crypto analyst says that one top-10 altcoin will eventually see a 500% rise while updating his outlook on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE). In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 216,200 followers on the social media platform X that meme asset Dogecoin (DOGE) will eventually hit $1. “Jeets might be selling you today but we will send DOGE to $1 eventually, Kabosu. Thank you for your services.” Dogecoin is trading for $0.168 at time of writing, a 6.9% gain during the last 24 hours. Moving on to the top…

A widely followed cryptocurrency analyst and trader believes Ethereum (ETH) could go on a massive bull run if one scenario plays out in the near term. The analyst pseudonymously known as Credible Crypto tells his 394,900 followers on the social media platform X that Ethereum could go parabolic if it holds a key support level on the hourly chart while, at the same time, Bitcoin (BTC) dips to a lower $60,000 range. “ETH still holding this flipped resistance [in the $3,300 range] which is acting as support so doesn’t look that bad at the moment. Again with my primary scenario…

The world’s largest digital asset manager is unveiling two new crypto investment trusts for Ethereum (ETH) rival Near Protocol (NEAR) and Bitcoin (BTC) layer-2 project Stacks (STX). In a statement, Grayscale Investment says Grayscale Near Trust and Grayscale Stacks Trust are now available for daily subscription by eligible individual and institutional investors. The new investment trusts for Near and Stacks expand Grayscale’s expanding catalog of crypto product-focused investment vehicles. “The trusts function like Grayscale’s existing suite of single-asset investment trusts, and each are among the first investment products solely invested in the tokens underpinning the Near Protocol (NEAR) and Stacks…

Coinbase has reestablished trading support for XRP in the state of New York. The top US crypto exchange by trading volume first suspended XRP trading across the country shortly after the U.S. Securities and Exchange Commission (SEC) kicked off its lawsuit against Ripple in late 2020. The SEC alleged Ripple sold XRP as an unregistered security. That suspension was lifted last July after US District Judge Analisa Torres ruled that the San Francisco payment company’s automated, open-market sales of XRP did not constitute security sales. Coinbase immediately relisted XRP, though the exchange excluded New York users from trading the asset.…