Author: The Daily Hodl
The chief executive of a leading crypto research company is stepping down after making a series of polarizing statements on the social media platform X. Messari CEO Ryan Selkis says he is resigning over concerns that his “politics and rhetoric” may be causing damage to his company. “A leader’s first responsibility is to his team. This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s way. As such, I have decided to step aside as CEO. My friend, colleague, and founding teammate Eric Turner will be taking the helm.” In a…
CEO of financial services firm deVere Group Nigel Green is predicting that Bitcoin (BTC) will soon hit six figures. In a new video update, Green says that Bitcoin could hit $100,000 before the end of 2024, a more than 52% gain from the current value, due to increasing demand. “Right now, Bitcoin is tipped to be perhaps the best-performing asset between now and the end of the year. Right now, Bitcoin is $60,000… They say it’s going to be over $100,000 by the end of the year. Is that logical? Well, it is possible. Why? Well, there’s a limited number…
Hackers have breached and siphoned large amounts of assets from India-based crypto exchange WazirX. According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident. The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA) and $5.79 million in Tether (USDT). “More than $230M of assets have been abnormally transferred from the WazirX (@WazirXIndia) wallet to the wallet “0x04b2”. Lookonchain…
A widely followed economist believes that Bitcoin (BTC) is suddenly in a new trend that will last for a while. In a new interview on the Unchained Podcast YouTube channel, economist Alex Krüger says that he is bullish on Bitcoin after the top digital asset by market cap reclaimed the $60,000 range this week. “I think that what we just saw is a trend change, a major trend change, and we just continue higher.” Some analysts blamed Bitcoin’s correction to the $50,000 range, before it recovered this week, on the fears around the repayments of defunct crypto exchange Mt. Gox…
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-20 altcoin by market cap while updating his outlook on the memecoin dogwifhat (WIF). The analyst pseudonymously known as Bluntz tells his 265,200 followers on the social media platform X that the utility token of the layer-1 blockchain NEAR Protocol (NEAR) is poised to go “much much higher.” According to Bluntz, NEAR has broken out of the upper boundary of an ascending channel, a pattern that is typically considered bullish, on the four-hour chart. “Slow grinding up channel breakouts are among my favorite setups to trade. The…
A closely followed crypto analyst says one altcoin that has seen tremendous gains over the last year is primed to continue its ascent. In a new thread, crypto strategist Michaël van de Poppe tells his 722,300 followers on the social media platform X that decentralized finance ecosystem Mantra (OM) is gearing up for another leg up after seeing staggering gains of 2,800% year-to-date. “OM made a new ATH (all-time high)! Recently confirmed breakout as expected and running in almost 30% profit since last post. I’m expecting OM to do better in the coming period, given that the markets are rotating…
Analyst Benjamin Cowen is saying that the possibility of Bitcoin (BTC) rising higher will increase if the flagship cryptocurrency manages to go up above a key moving average on the weekly chart. In a new video, Cowen tells the 803,000 subscribers of his YouTube channel that Bitcoin is currently in a “very critical spot” and is poised for a “further rally” if BTC rises above the 20-week moving average and maintains that level as support. “In 2021, I said something very similar. I said if we can hold the 20-week Smooth Moving Average (SMA), we should have clear skies ahead.…
A crypto trader inked more than 16x profit and made millions on a Donald Trump-inspired memecoin that has exploded in value this year. The crypto tracker Lookonchain notes that a wallet suspected to belong to the pseudonymous trader Gigantic Rebirth spent 540,700 worth of the top stablecoin USDT to buy 1.08 million MAGA (TRUMP) at an average price of $0.5 in November and December of 2023. That same wallet deposited all 1.08 million TRUMP into the BTSE exchange over the weekend, making a profit of around $8.3 million. Lookonchain also notes that a different wallet tagged “GCR: Address 1” still…
A crypto strategist who nailed the Bitcoin pre-halving correction this year thinks BTC is now entering an uptrend. Pseudonymous trader Rekt Capital tells his 484,100 followers on the social media platform X that Bitcoin has convincingly broken out of a descending trendline on the daily chart. “The Bitcoin downtrend is over. A new Bitcoin uptrend has begun.” The analyst believes that if Bitcoin flips the $65,000 level into support a new trading range will form with an upper bound of $71,500. “The moment Bitcoin breaks $65,000 (blue) is the moment Bitcoin will form a new red cluster of price action…
A closely followed crypto analyst says that one altcoin that has seen gains of over 120% in two weeks is gearing up to continue its upward momentum. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,800 followers on the social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) looks primed to skyrocket once again. “Was going to buy and then stepped out for 30 minutes. When you see price action like this after a big run, another leg up is coming. DYM.” According to the trader’s charts, he believes DYM will soon hit a…