Author: The Daily Hodl

Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one Solana (SOL) competitor while offering his analysis on XRP and Chainlink (LINK). Starting with Sei (SEI), Van de Poppe tells his 759,100 followers on the social media platform X that the Solana rival is “looking juicy” at the current level. According to the widely followed analyst and trader, SEI could rally by around 74% from the current price. “Against Bitcoin, currently on a cycle low. Ecosystem expands, which means that there’s a lot to gain from this. I expect that we’re seeing a final correction into this…

The CEO of digital asset analytics firm CryptoQuant is showing proof that demand for Tether (USDT) remains strong even as the largest stablecoin by market cap faces mass delisting. European crypto exchanges are pulling the plug on the dollar-pegged crypto asset to comply with the requirements of the Markets in Crypto Assets (MiCA) regulation that took effect on December 30th. Under the MiCA regulation, stablecoin issuers operating in the European Union (EU) need to obtain certain licenses to operate in the region, but Tether failed to meet this requirement. Data from CoinMarketCap shows that USDT’s market capitalization dropped from $140.5…

Cryptocurrency analyst and trader Jason Pizzino is leaning bearish on Bitcoin (BTC). In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is “probably going to see further downside” and is likely to remain below the all-time high of around $108,200 for a long time. According to Pizzino, the decisive support level for Bitcoin currently is at around $91,750. “If it does break down from the 50%, and that’s at $91,750, then there’s a higher chance that we push to the mid $80,000s maybe even the low $80,000s, somewhere around $83,500 and $82,000-ish over the coming week or…

A widely followed analyst is warning of a possible Bitcoin (BTC) correction in early 2025 as the flagship crypto asset enters its first post-halving year. In a new video update, crypto strategist Benjamin Cowen tells his 853,000 YouTube subscribers that Bitcoin may correct by double-digit percentage points in January based on historic precedence. “At least in the last two [post-halving years], there has been a correction in January. Now what’s interesting is this time we’ve already kind of had a correction in December, but if you look at what happened in 2021, there was a correction in January, about a…

Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls. Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO, which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the $0.40 range. After a correction, the trader says that ZEREBRO will be “very strong” in the future. “$0.50 is still resistance and I expect some sort of pullback between here and low $0.60s but I still think this is going to be a very strong…

Ethereum co-creator Vitalik Buterin has donated hundreds of thousands of dollars worth of ETH to Alexey Pertsev, a developer of Tornado Cash, a crypto mixer once sanctioned by the US government. According to Etherscan data reported by crypto reporter Colin Wu, Buterin donated a total of 100 ETH to Pertsev on two occasions, helping him pay legal fees. “[Vitalik] donated 50 ETH, worth about $170,000, to Juicebox: Support Alexey Pertsev today Currently, Juicebox: Support Alexey Pertsev has raised more than 184 ETH. Alexey Pertsev is a Tornado Cash developer and is seeking more funds to pay for ongoing legal fees.…

Galaxy Digital chief executive Mike Novogratz says that blockchain technology may offer people protections from “scary” artificial intelligence (AI). In a new interview with the When Shift Happens YouTube channel, Novogratz says he is counting on blockchain technology to offset the potential negative impacts of massive AI centralized databases, though he did not give specific details on how. “I intuitively think that AI is really scary. And I go back to the Minority Report, that movie with the precogs and the pictures, and so it is one of the great centralizing forces on the planet – huge database centralized. And…

A top executive from digital asset manager CoinShares is making a big price prediction for Bitcoin (BTC). In a new CNBC interview, CoinShares head of research James Butterfill says Bitcoin may ultimately hit $250,000, a more than 166% increase from its current value. At $250,000 per Bitcoin, the flagship crypto asset’s total market cap would be about 25% of gold’s market share, up from the approximate current 10% – something Butterfill says is not “unreasonable” to happen. However, Butterfill says that he does not expect Bitcoin to hit $250,000 this year. Says Butterfill, “Timing of this is very difficult though…

A new proposal that would mandate the Swiss National Bank to hold Bitcoin (BTC) is now gathering signatures. According to Giw Zanganeh, VP of Energy and Mining at stablecoin issuer giant Tether who helped create the initiative, the proposal needs 100,000 signatures from Swiss citizens to be sent to a public referendum. Says Zanganeh, “Today we officially launched the popular initiative to add Bitcoin to the Swiss National Bank’s balance sheet. We will need the full support of our community to gather 100k signatures and make this a national referendum. Details will follow…” The official X account for the initiative…

Monthly trading volume on decentralized exchanges (DEXes) has reached new all-time highs, according to the latest on-chain data. According to blockchain data aggregator DefiLlama, DEX volume for December was $422 billion, the highest ever on record. The month of November was also an all-time high, according to DefiLlama. Uniswap, Ethereum’s (ETH) biggest DEX, recorded the most amount of volume while Raydium (RAY), the largest DEX on Solana, placed second. Most other chains saw an increase in volume, and DeFI as a sector is growing, perhaps getting a boost from President-elect Donald Trump who has ostensibly given a nod of approval…