Author: The Daily Hodl
A widely followed analyst and trader is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his insights on two other crypto assets. The analyst pseudonymously known as Sherpa tells his 228,800 followers on the social media platform X that he is “still highly bullish” on Goatseus Maximus (GOAT). Sherpa says he thinks GOAT could reach a market cap of $1 billion, a gain of over 85% from its current valuation of $539 million. But prior to any rallies, the trader sees the memecoin correcting to the $0.47 level. “As I stated before, I believe on-chain…
A widely followed crypto analyst is issuing a Bitcoin (BTC) warning as the flagship digital asset hovers in the $69,000 range. Pseudonymous crypto trader Credible Crypto tells his 433,500 followers on the social media platform X that Bitcoin could plummet to $65,000 in the near term. He also warns that if Bitcoin loses $65,000 as support, it could signal the start of a bearish market trend. “Despite the unexpected ‘strength’ on BTC, it still looks like garbage on the backend. Trading here at $70,000 you’re going to want to see a bounce between here and $65,000 to keep bull dreams…
A widely followed crypto analyst thinks the top meme asset Dogecoin (DOGE) could kick off a parabolic bull run this month. In a new strategy session, crypto trader Ali Martinez shares a chart with his 76,400 followers on the social media platform X that suggests DOGE is primed to spark a rally based on historical trends. According to Martinez, November tends to be the month when the meme coin skyrockets and traders should look for a sustained close above $0.20 as confirmation. Dogecoin is trading around $0.159 at time of writing. The 9th-ranked crypto asset by market cap is down…
Layer-1 blockchain Kaia (KAIA) is dipping in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s added the Ethereum Virtual Machine (EVM)-based digital asset to its suite of products starting on October 31st. “Binance is excited to announce that Kaia will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.” News of the listing has not had an overwhelmingly positive impact on KAIA as the crypto asset saw a sudden decrease in price. KAIA went from a peak of $0.150 on October…
BitMEX founder Arthur Hayes is naming an altcoin he thinks will outperform the rest ahead of the upcoming US presidential election. In a new interview on the Unchained YouTube channel, the crypto veteran says he’s interested in trading Ethereum (ETH) rival and smart contract platform Solana (SOL) because he believes it will jump in price alongside Bitcoin (BTC). “Going into the election, I’ll trade SOL. It’s the high beta Bitcoin, so I want the whippy action, it’s liquid, and I know it’s going to pump when Bitcoin does well — I want to trade SOL. I don’t want to trade…
Australian computer scientist and self-proclaimed Bitcoin (BTC) inventor Craig Wright is back in court after filing a $1.18 billion lawsuit against the Jack Dorsey-backed payments firm Block. According to a new report from Reuters, the self-styled Satoshi Nakamoto is being accused of contempt of court by the Crypto Open Patent Alliance (COPA), the same organization that showed “overwhelming” evidence in court earlier this year that Wright did not create BTC. Furthermore, in July, COPA further accused Wright of forging documents on a grand scale, referring the case to the Crown Prosecution Service (CPS), the agency that conducts criminal prosecutions in…
Global investment firm Franklin Templeton’s proprietary blockchain-integrated record-keeping system Benji is now on crypto exchange Coinbase’s Base. With the development, the Franklin OnChain U.S. Government Money Fund (FOBXX) – which invests at least 99.5% of its total assets in U.S. government securities, cash and repurchase agreements – can now be traded on the Ethereum (ETH) layer-2 chain. Franklin Templeton unveils the expansion on social media platform X, “New chain unlocked. Benji, our proprietary blockchain-integrated recordkeeping system, is now live on Base! With this announcement, Franklin Templeton is the first asset manager to build a tokenized fund on Base.” FOBXX uses…
A closely followed crypto strategist is suggesting that Ethereum (ETH) may be gearing up for a massive breakout. Pseudonymous analyst Inmortal tells his 218,100 followers on the social media platform X that Ethereum looks bullish after holding the $2,400 level as support on the daily timeframe. However, the analyst warns that it may take a while before ETH could potentially have an explosive rally and hit its March high of around $4,000. “I know ETH is the hated coin but: Structure is solid, $2,400 invalidation. Making a lower low feels unlikely. Time cost is what concerns me the most. A…
The largest corporate holder of Bitcoin (BTC) just announced a new $42 billion plan to accumulate more of the flagship digital asset. In a new press release, MicroStrategy President and chief executive Phong Le says the company’s “21/21 Plan” aims to raise $21 billion in equity and $21 billion in fixed income securities over the next three years. “Our focus remains to increase value generated to our shareholders by leveraging the digital transformation of capital…. As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that…
A widely followed crypto analyst believes that Bitcoin (BTC) is gearing up for a breakout despite dipping into the $69,000 range earlier this week. Pseudonymous crypto trader Kaleo tells his 655,200 followers on the social media platform X that Bitcoin may be repeating a similar 2020 pattern and is still on track to print new all-time highs (ATHs). “When Bitcoin retested its previous ATH near $20,000 in late 2020, it didn’t immediately rip past it. It initially pulled back on a quick wick nearly 20% (Thanksgiving 2020 was a Black Friday sale, especially for alts), and accumulated in a range…