Author: The Daily Hodl

Smart contract platform Solana (SOL) is moving to the top of CoinGecko’s list of fastest blockchains. In a new publication, CoinGecko says Solana is a staggering 46 times faster than its rival Ethereum (ETH), the second-largest digital asset by market cap, making it the fastest large blockchain on the market. However, CoinGecko says that Solana has only reached 1.6% of its theoretical maximum throughput. “Solana has proven to be the fastest among large blockchains, with its actual daily average transactions per second (TPS) reaching a record high of 1,504 on April 6th this year amid the memecoin mania. This makes…

The San Francisco-based crypto exchange Kraken is reportedly mulling whether to pull support for the stablecoin USDT in the European Union (EU). Bloomberg reports that Kraken is “actively reviewing” its European support for the Tether-issued stablecoin. European digital asset trade associations and think tanks have warned that the EU’s Markets in Crypto-Assets Regulation (MiCA) could ban the largest stablecoins by trading volume. MiCA is the upcoming EU legislation that will provide rules covering the supervision, consumer protection and environmental safeguards of crypto assets. The law also includes measures that aim to reduce financial crimes including market manipulation, money laundering and…

Galaxy Digital CEO Mike Novogratz is warning that Bitcoin (BTC) is not likely to print fresh all-time highs (ATH) until macro conditions change. In a new interview on Galaxy’s podcast, the billionaire says that Bitcoin will probably trade sideways until Fed rate cuts, which he believes would be bullish for the crypto king. More favorable crypto regulations could also push Bitcoin to new ATHs, he says. “There’s a resurgence of the ‘Oh my God, the economy’s slowing down’ narrative, which will be helpful. I don’t think Bitcoin will take out the old high, the $73,000 high, unless we get the…

A closely followed crypto strategist believes one Top-50 artificial intelligence (AI)-related altcoin is preparing to witness big rallies in the coming months. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), will likely hold a range low as support. “RNDR: expecting this area to hold. $10 is a bargain. Expecting much higher prices in the coming months. I’m in this again.” Looking at his chart, the trader suggests the level around $10 is the bottom of a trading range with an upper bound of…

A widely followed analyst and trader is expressing bullish sentiment on a leading memecoin while updating his outlook on three other crypto assets. The analyst pseudonymously known as Kaleo tells his 638,400 followers on the social media platform X that Dogecoin (DOGE) is “about to rip”. On the largest memecoin by market cap, the widely followed analyst further says, “DOGE always has been and always will be the king of the memes. All of retail is still familiar with it, and all of crypto Twitter was raised on it. It was the initial meme that made it possible for us…

Analyst and trader Jason Pizzino believes that Bitcoin (BTC) is gearing up for a big upside move en route to fresh all-time highs. Pizzino tells his 326,000 YouTube subscribers that the Bitcoin bull market is just taking a breather as it consolidates below its immediate resistance at around $69,000. According to the analyst, it is only a matter of time before BTC breaks out of consolidation and prints gains of around 100% from current levels. The trader uses the Fibonacci extension tool to identify his big BTC price target. “I don’t think the cycle’s over by any stretch of the…

Ethereum (ETH) rival Fantom (FTM) has outpaced the broader crypto market and surged in price this week amid a new upgrade. FTM is trading around $0.801 at time of writing. The 55th-ranked crypto asset by market cap is up nearly 5.5% in the past 24 hours and more than 15% in the past week. By comparison, the overall crypto market cap is down 1.5% in the past 24 hours and up around 5% in the past seven days. Validators on the Fantom Opera mainnet began upgrading their nodes to be powered by the project’s new “Sonic” technology on Tuesday. Fantom…

A Nigerian court is reportedly ruling that a detained Binance executive can face trial as a representative of the crypto exchange platform. According to a new report by Reuters, a Nigerian court ruled that U.S. citizen Tigran Gambaryan – Binance’s chief financial compliance officer – can stand trial on behalf of the world’s largest crypto exchange by volume in the ongoing tax evasion and money laundering case against it. However, according to Binance, Gambaryan does not wield the power to make choices for the firm. As stated by a Binance spokesperson to Reuters, “We are deeply disappointed that Tigran Gambaryan,…

The “basic laws of supply and demand” are primed to act in Bitcoin’s (BTC) favor, according to a popular crypto analyst. The trader Ali Martinez tells his 62,300 followers on the social media platform X that Bitcoin flooded the market after the top crypto asset hit an all-time high of more than $73,700 in March, putting most long-term holders in profits. “The rising supply of BTC on the market surpassed the demand levels, leading to a corrective phase that saw the price of Bitcoin dip below $57,000. This drop brought Bitcoin below its Short-Term Holder Realized Price, creating a sense…

One widely followed crypto analyst believes digital assets are on the precipice of a prosperous new era. Crypto trader Michaël van de Poppe tells his 718,500 followers on the social media platform X that better times are ahead for the markets. “This might be the final easy rally to change your life with crypto.  If you have survived this correction and are still here, congratulations. The coming period is going to be great.” With Bitcoin (BTC) up 10% in the last week, Van de Poppe says that the $61,000 price zone has become the support for BTC’s next rally. “Crucial level has flipped for Bitcoin at $60,500-$61,000.…