Author: The Daily Hodl
Macro guru Raoul Pal believes that if Solana (SOL) reclaims a key level it may signal the broader crypto market has entered the most explosive phase of the cycle. The Real Vision CEO tells his one million followers on the social media platform X that if Solana turns $185 into support other digital assets may start to soar along with it. “With BTC well over $70,000, I’m looking for the final confirmations from some others. SOL over $185.” Pal says that a massive crypto uptrend may soon begin since SOL and other digital assets appear to be printing breakout patterns.…
A top crypto analyst known for predicting the May 2021 Bitcoin collapse believes BTC could hit six-figures this market cycle. The pseudonymous trader known as Dave the Wave tells his 146,800 followers on the social media platform X that the Elliott Wave theory indicates Bitcoin may soar by 160%. The Elliott Wave theory states that a bullish asset tends to witness a five-wave rally with waves one, three and five representing impulsive moves to the upside and waves two and four serving as corrective periods. “With BTC price already doing a 4.6x off the bottom, another 2.6x is perfectly feasible.” Looking…
A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt. Pseudonymous analyst Rekt Capital tells his 508,200 followers on the social media platform X that the native asset of the yield tokenization protocol Pendle (PENDLE) looks poised to start a new uptrend. The analyst shares a chart suggesting that PENDLE has successfully retested the neckline of an inverse head and shoulders pattern on the weekly chart, indicating that the altcoin is in a position to move higher. “Technically, PENDLE has performed a good weekly close above…
Modular blockchain network Celestia has begun a large unlock of its native token, TIA, valued at roughly $890 million at current prices. At time of writing, TIA is down nearly 20% in the last week, and is 77% down from its all-time high as the unlock takes place. Token unlocks are often seen as bearish for a crypto asset as it implies more available supply for selling. However, unlocks don’t always result in corrections or crashes, and sometimes even precede rallies. In the case of Celestia, roughly 175 million tokens that were previously locked will now be distributed to core…
Chainlink (LINK) creator Sergey Nazarov says that the blockchain industry could grow by hundreds of trillions of dollars due to one main catalyst. In a new interview at the Hong Kong Fintech Week 2024 conference, Nazarov says that Chainlink has developed a way to connect payments giant SWIFT with blockchain technology, opening the door for massive traditional finance (TradFi) adoption. “So the logical next step there is how do we get existing standards like SWIFT to be used for interactions with a blockchain. And that’s the body of work that we demonstrated in its pre-production form where we showed how it’s…
The Japanese investment firm Metaplanet now holds more than $168 million worth of Bitcoin after a recent BTC purchase. The firm began accumulating the top crypto asset by market cap after it announced a shift in its treasury management strategy earlier this year, purchasing a total of 156.78 BTC over the weekend. Explained Metaplanet at the time, “This move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen. Metaplanet’s strategy unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach for the Company, with the potential…
Top US crypto exchange Coinbase is announcing a partnership with credit card giant Visa for real-time account-to-account transactions. In a new press release, the payments titan says the collaboration will allow customers in the US and EU to use eligible Visa debit cards to instantly deposit funds into their Coinbase accounts, bridging the gap between traditional finance and digital assets. “By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time using eligible Visa debit cards. Coinbase already has millions of users with a debit card connected to their account,…
Macro guru Lyn Alden is revealing her top asset pick for next year amid signs of increasing liquidity. In a new interview with finance journalist YouTuber David Lin, the analyst says that the asset she is most bullish on in 2025 is Bitcoin (BTC). Alden believes Bitcoin will have a strong market performance next year because of the flagship digital asset’s tendency to rise when liquidity increases and monetary policy eases. “We’re kind of coming out of signs of peak credit tightening in the US and so that’s pro-liquidity. And globally, we’re seeing more stimulus out of China. That’s generally…
Circle is entering an agreement with a Hong Kong telecommunications firm with the aim of building blockchain-based solutions for the Asia-based company. The USDC stablecoin issuer says it is signing a memorandum of understanding with the technology, media and telecommunications firm HKT to “explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong.” “Leveraging Circle’s expertise in Web3 Services and HKT’s extensive merchant ecosystem and customer engagement capabilities, the two companies aim to develop customer loyalty solutions backed by Web3 technology that will enhance how consumers discover and engage with merchants, fostering more social and…
An analyst with a history of timely Bitcoin calls believes that conditions are now ripe for BTC to witness huge upside bursts to new all-time highs. Pseudonymous analyst Bluntz tells his 289,300 followers on the social media platform X that BTC appears to be in the initial stages of a parabolic rally that could take Bitcoin well above $100,000. “It’s happening BTC.” Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave surge where waves one, three and five are upside moves and waves two and four are corrective periods. Looking at the…