Author: The Daily Hodl
A closely followed crypto analyst is lining up six key events that could trigger the next big move up for altcoins. In a new YouTube update, the host of InvestAnswers lays out six potential catalysts that could cause altcoins to explode in 2025. “These are the top six items that I see as being critical to triggering the so-called alt season. Now, first of all, typically what happens is you need to see a big, big, big spike in Bitcoin, and then folks take profit and rotate into alts. I will stress this again: this is what happened in the…
An under-the-radar artificial intelligence (AI)-based altcoin is skyrocketing after its developers announced plans to expand the project. In a lengthy new thread on the social media platform X, crypto software developer Jeffy Yu says that Zerebro (ZEREBRO) is building a consumer facing launchpad for AI agents. “We are building Zentients, a consumer facing launchpad for agents… The exact details are still being finalized. But we want to keep the framework simple: Agents will require ZEREBRO for a creation fee and will be launched on a ZEREBRO bonding curve with fees. Once a certain valuation is met by the agent token,…
Russia’s largest bank has reportedly joined the country’s digital ruble pilot program ahead of a mid-2025 launch of the central bank digital currency (CBDC). The Russian news agency Interfax reports that Russia’s top financial institution, Sberbank, is now a participant in the program, which conducts transactions with digital rubles. The pilot will eventually involve 22 banks. TBank and Tochka Bank also joined with Sberbank, according to Interfax, which reports that the digital ruble is expected to gradually move into widespread use starting in July. Russian President Vladimir Putin greenlit the creation of a CBDC in 2023. Reuters reported earlier this month…
The founder of investment firm SkyBridge Capital is predicting Bitcoin (BTC) will more than double in price over the next year. In a new interview on the Bankless podcast, hedge fund veteran Anthony Scaramucci says that Bitcoin demand will likely continue to increase, creating a supply crunch that sends the flagship crypto asset soaring. “There’s going to be a supply shock and so there’s no reason why this can’t trade to $200,000 over the next 12 months. You don’t have enough Bitcoin in the marketplace. So what happens? I need to own it. My board just told me I got…
A long-dormant Bitcoin (BTC) wallet has suddenly awoken after a decade to move around millions of dollars worth of the top crypto asset by market cap. According to new data from whale-tracking platform Whale Alert, an ancient BTC address that has been inactive for a decade has risen from its slumber to shift around 357 BTC worth $34,070,177. “A dormant address containing 357 BTC ($34,070,177) has just been activated after 11.0 years!” Data from blockchain tracker BitInfoCharts shows the wallet profited a staggering $33.7 million, or 10,150%, from the price of Bitcoin rising. BitInfoCharts also shows that the wallet hasn’t…
Former Goldman Sachs executive and macro expert Raoul Pal believes one crypto asset sector will perform extremely well over the next decade. Pal tells his 1.1 million followers on the social media platform X that the non-fungible token (NFT) sector may flourish due to fiat currency debasement and the growing popularity of digital assets among younger generations. “My highest conviction ‘set it and forget it’ investment for the next 10 years is crypto art. For me, it’s the most compelling, enjoyable and interesting area in all crypto. Massive crypto wealth creation, along with monetary debasement, will drive incredible demand for…
A chart pattern suggests an Ethereum (ETH) layer-2 scaling solution altcoin could surge by 2,400%, according to a popular crypto analyst. The trader Ali Martinez tells his 105,800 followers on the social media platform X that Polygon (MATIC) has been building a multi-year descending triangle since 2021. “This pattern shows lower highs pressing towards a strong horizontal support at $0.285, a classic setup for a potential breakout. If Polygon closes above the descending resistance line at $0.69, we could see a major move. Based on the triangle structure, a breakout might target $12. Of course, it all hinges on that…
Seasoned trader Peter Brandt is issuing a warning to investors, saying that Bitcoin (BTC) is flashing a major bull flag. In a new thread on the social media platform X, Brandt tells his 766,000 followers that the top crypto asset by market cap is forming a head-and-shoulders top pattern, indicating that it could crash all the way back down below $80,000. “This is a head and shoulders top pattern. It might complete and take price to $78,000; it might fail with a thrust hire: or, it might morph into something else. But as it stands right now, it is a…
Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on Bitcoin (BTC). Van de Poppe tells his 169,000 YouTube subscribers that he expects Bitcoin to rally by approximately 60% over the course of 2025. According to the analyst, Bitcoin is primed to enjoy an extended bullish cycle over the coming months. “I do not expect Bitcoin to peak in 2025 because I expect that there’s way more money needed to actually move Bitcoin upwards or to move it into the markets. That’s why I think that the cycles are going to extend and they are more based on…
A closely followed crypto trader says he’s looking to scoop up more of a Solana (SOL)-based memecoin amid the market correction. The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform X that he’s got his eye on Fartcoin (FARTCOIN), a memecoin that was created by an anonymous developer referencing the “ideal memecoin” suggested by the artificial intelligence (AI) large language model Truth Terminal. Altcoin Sherpa says he’s looking to accumulate FARTCOIN even if it drops to as low as $0.65. “I’m filling a bit around $0.80ish, approaching my buys. Total buys = some…