Author: The Daily Hodl
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a small-cap altcoin built on the Ethereum (ETH) blockchain. The analyst and trader pseudonymously known as Credible Crypto tells his 399,300 followers on the social media platform X that the native token of Curve DAO (CRV), a decentralized finance (DeFi) platform focused on trading of stablecoins, is on the cusp of a massive rally. Credible Crypto says that CRV could skyrocket above $6, a potential gain of over 1,724% from the current level, once Bitcoin (BTC) reaches a price of over $100,000. CRV is trading at $0.329 at…
Real Vision macro expert Julien Bittel believes that Bitcoin (BTC) is on the verge of going parabolic based on historical precedence. Bittel tells his 69,400 followers on the social media platform X that Bitcoin is in a historical “boring” phase ahead of an expected “banana” rally that has come after the halving events when miners’ rewards are cut in half. “What we’re currently witnessing in terms of Bitcoin price action is fairly typical around the actual halving: a big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to…
Top US-based crypto exchange platform Coinbase is abruptly adding support for a stablecoin pegged to the Euro from Circle, the issuer of USDC. In a new thread on the social media platform X, Coinbase Assets says that the firm will begin supporting Euro Coin (EURC) on January 20th. “Coinbase will add support for EURC on the Ethereum network (ERC-20 token) and trading will begin on 20 June 2024 at or around 3PM ET. Do not send this asset over other networks or your funds may be lost.” According to Coinbase, EURC will be added to the crypto exchange with an…
A widely followed crypto analyst is issuing a warning about Bitcoin (BTC), saying the crypto king could see a sharp decline in price if one other major market crashes. In a new strategy session, crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that BTC and crypto in general will get hammered if the stock market crashes. “Crypto bulls better pray the stock market doesn’t roll over because the recent relative weakness suggests the crypto market will get hammered if it does.” According to Bennett, if Bitcoin’s latest price drop was a fakeout or a…
Billionaire celebrity investor Mark Cuban says the U.S. Securities and Exchange Commission’s (SEC) hostile approach to crypto could be a drawback to President Joe Biden’s bid to be re-elected. In a new interview with Coinbase chief legal officer Paul Grewal, Cuban says the US crypto community is facing problems that do not exist in other jurisdictions because of SEC chairman Gary Gensler’s stance on crypto. “Gensler’s suing everybody. The problem isn’t all the entrepreneurs trying to run their businesses because they’ve tried, including me. The problem is the registration process. They don’t have this problem in Singapore, they don’t have…
Stablecoin platform Circle CEO Jeremy Allaire believes that the future of crypto is brighter than ever before in its history. Allaire tells his 139,900 followers on the social media platform X that the reasons to be bullish on blockchain technology are increasing exponentially. “I’m more bullish than I have ever been about crypto. I have been building Circle for over 11 years, and at no time have I been more optimistic than right now.” Allaire believes that crypto is positioned to become the backbone of some of the most important tech applications around the world. “We are at the early…
BitMEX co-founder Arthur Hayes is increasing his bullish sentiment on both Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden crypto downturn. Hayes tells his 524,900 followers on the social media platform X that there remains more upside potential this cycle for memecoin DOGE and Pendle, which allows users to tokenize and sell future yields. “I’m loving this choppy sideways to down shitcoin price action. I’m adding to my bags of PENDLE and DOGE.” DOGE is trading for $0.12 at time of writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading for $5.65 at time of…
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Ethereum (ETH). The analyst pseudonymously known as Credible Crypto tells his 399,000 followers on the social media platform X that the prospects of Ethereum falling below $1,600 are low and that the second-largest crypto asset’s support level is between $2,800 and $3,430. According to Credible Crypto, the recent decision by the U.S. Securities and Exchange Commission (SEC) to end an investigation into whether Ethereum is a security serves as a bullish catalyst that could send ETH to a new all-time high. “The SEC backing off ETH is likely…
The head of digital assets research at VanEck, Matthew Sigel, is outlining how Ethereum (ETH) could reach a price of $154,000, which the asset manager set as the bull case target in a report released weeks ago. In a new interview on Bankless, Sigel says that Ethereum could reach a six-figure price by increasing its market share. “In that case, ETH would be capturing 90% of all smart contract value intermediation… so the penetration rates get pretty chunky, so Ethereum essentially accounts for 15% of the total financial markets. And then 50% of the advertising market hosted on open-source blockchains.…
Bitcoin miners will need to capitulate before BTC can take off on a new rally, according to the popular on-chain analyst Willy Woo. Woo tells his 1.1 million followers on the social media platform X to look for compressions in Bitcoin hash ribbons when thinking about when to buy and hold. “I know it sucks, but BTC is not going to break all-time highs until more pain and boredom plays out. On the bright side, miners are capitulating and when that is through, it nearly always ends in a huge rally.” Bitcoin hash ribbons attempt to identify periods of time…