Author: The Daily Hodl
A widely followed crypto trader believes that one red-hot altcoin is set up to outperform other large-cap memecoins. Pseudonymous crypto analyst Altcoin Sherpa tells his 216,200 followers on the social media platform X that memecoin Pepe (PEPE) has more upside potential based on buyer demand and trading volume. “If you’re looking for a big cap meme to long, I think PEPE is a good one. Good liquidity, strong volume, this one definitely catches up to the others a bit in my opinion. Not saying it’ll flip DOGE or anything but should go up more relatively. Long in the green boxes.”…
Closely followed economist Alex Krüger believes approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs). In a new Unchained “Bits + Bips” podcast, Krüger says the market has yet to price in a spot ETH ETF approval. He predicts an approval will send Ethereum soaring against Bitcoin (ETH/BTC) to at least .070 BTC ($4,865) within months. “If the ETF gets approved, which seems like it’s likely now, it’s kind of clear that with an ETF approval, we’re going to see all-time highs very, very soon. Because the market is…
An early buyer of a top-30 memecoin by market capitalization has turned a few hundred dollars into millions within a period of a little over a year. According to blockchain tracker Lookonchain, the trader acquired billions of the Pepe (PEPE) memecoin days after it publicly launched. The trader then sold 42 billion Pepe tokens on July 7th of 2023, 100 billion Pepe tokens on May 4th and the remainder on May 22nd, netting him approximately 735,831% in profits. “An early buyer of PEPE deposited all 182.9 billion PEPE ($2.53 million) into Binance six hours ago. This guy spent 0.22 Ethereum…
A closely followed crypto strategist believes that a top Ethereum (ETH) rival could go on an explosive rally of more than 230%. Pseudonymous analyst Inmortal tells his 213,800 followers on the social media platform X that Solana (SOL) could reach a new all-time high (ATH) by the end of the summer. “1. New ATH by end of summer. 2. Cycle top around $400-$600.” Looking at his chart, the analyst suggests Solana’s price will consolidate before breaking through the diagonal resistance toward new ATHs. Solana reached its ATH of about $260 in November 2021. Solana is trading for $178 at time…
Analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) amid a double-digit rise in the flagship crypto asset’s price over the past seven days. Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend that started in the fourth quarter of 2023 and could rally to a target of around $90,000. According to the analyst and trader, Bitcoin could then surge higher following a correction that would potentially come after hitting the initial $90,000 target. “So it’s not the end of the cycle when we hit $90,000 breakdown… it is simply just an area…
A top crypto trader thinks a spot Ethereum (ETH) exchange-traded fund (ETF) approval in the United States could send altcoins “to the stratosphere.” The pseudonymous analyst known as the Flow Horse tells his 216,300 followers on the social media platform X that a spot ETH ETF would make the crypto markets “get crazier.” “Here I am thinking spot and chill during the summer, but if we get an ETF approved for ETH the second wind is going to hit hard AF.” The trader also says that top meme asset Dogecoin (DOGE) in particular has been “sitting in a really nice…
A deep-pocketed crypto entity has been seen suddenly withdrawing more than a half trillion Pepe (PEPE) as the memecoin soars, on-chain data shows. Blockchain tracking firm Lookonchain noticed that the crypto whale withdrew 592 billion PEPE from Binance, the world’s top crypto exchange, which was worth nearly $8 million at the time of the transaction. “A whale withdrew 592 billion PEPE ($7.95 million) from Binance [on May 22nd], most likely bought during the price increase over the past two days.” Pepe is trading for $0.0000137 at time of writing, up 11.5% in the past 24 hours and 108% in the…
A closely followed analyst says that altcoins are likely about to spark new rallies while Bitcoin (BTC) decides its next move. Pseudonymous trader Rekt Capital tells his 470,000 followers on the social media platform X that altcoins are at the beginning of the “hype cycle” phase where they find bottoms before making new impulses to the upside. “Welcome to the Q2 Altcoin Hype Cycle The Altcoin Bottoming Out process is in progress.” At time of writing, the total altcoin market capitalization is coming in at $294 billion, up from $76 billion in November of 2022 during the worst of the…
A widely followed analyst believes that the crypto market is on the verge of witnessing the next leg of its bull cycle. Pseudonymous analyst Kaleo tells his 639,700 followers on the social media platform X that the real bull market has not even started yet. The crypto strategist says that Bitcoin (BTC) is currently in its post-halving accumulation phase as it gears up to rally toward an upside target of as high as $200,000. “The upside of each major bull market has seen significant attrition from a post-halving percentage growth perspective, with each respective all-time high (ATH) move reducing ~3.5x…
Presidential hopeful Donald Trump is asking for donations in Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), XRP and other altcoins as the 2024 US election gets closer In a new press release, the Trump campaign says it will now be accepting crypto donations for the 2024 election and accuses Democrats of trampling on Americans’ financial freedom with their critical stance on digital assets. Trump specifically addresses Democrat Senator Elizabeth Warren of Massachusetts who was previously reported as creating an “anti-crypto army” as a means of restricting Americans’ financial freedom. “Today, President Trump’s campaign has launched a fundraising page that provides any…