Author: The Daily Hodl
A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets. The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid (HYPE), is likely to surge by at least 116% from the current level before the end of this cycle. “…I still think HYPE is a great project and will go to $50+ later this cycle. It just hits too many narratives and I have a bag of…
Cryptocurrency trader and analyst Ali Martinez believes Ethereum (ETH) could have a massive breakout due to one key factor. Martinez tells his 114,500 followers on the social media platform X that crypto whales are loading up on Ethereum, adding buying pressure that could cause the altcoin to increase more than 100% above its current value. The analyst says that on-chain data is shows whales made more than $1 billion in total ETH purchases in the past seven days alone. “Whales have accumulated over 330,000 Ethereum in the past week, valued at more than $1 billion!” The analyst believes ETH may…
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC). The analyst and trader pseudonymously known as Bluntz tells his 309,200 followers on the social media platform X that Bitcoin has witnessed “savage price action” after falling to around $89,200 and then quickly recovering. According to the analyst, Bitcoin is primed to rally by at least 17% from the current level. “Take the lows, make everyone capitulate and then up only with no dips forcing sidelined traders and investors to chase price higher. This next leg up should be the one that takes us to $120,000+ in…
Crypto traders are debating whether Donald Trump’s social media passwords have been cracked, as the President-elect’s accounts tout the launch of his “official” memecoin. The memecoin launch announcement hit Trump’s social media platform Truth Social first, and was posted on X shortly thereafter. The new coin is built on the Solana network, and has already tapped a $2.95 billion market cap, according to CoinGecko. The coin’s website is attributed to CIC Digital LLC, which is the same team Trump used to launch his official NFT projects. A total of 80% of the coins are currently locked, and will be released…
Solana (SOL) and XRP both outperformed the overall crypto market on Thursday amid a report that President-elect Donald Trump is thinking about establishing an “America First” strategic crypto reserve. The New York Post, citing anonymous sources, reports that Trump is “receptive” to the idea of a national strategic reserve with Solana, XRP and the stablecoin USDC. All three assets were developed in association with blockchain projects that are headquartered in the US. Trump met with Ripple’s chief executive Brad Garlinghouse and chief legal officer Stuart Alderoty last week. The New York Post reports that the president-elect also met with the…
Blockchain tracking firm Lookonchain says one savvy crypto trader generated astronomical returns on an artificial intelligence (AI) related digital asset in less than three months. According to Lookonchain, an anonymous trader pulled in massive profits after buying 8.5 million utility tokens for aixbt by Virtuals (AIXBT), a crypto market intelligence platform built by the AI agent project Virtuals Protocol. Says Lookinchain, “[Trader] spent $166,000 to buy 8.5 million AIXBT ($7.7 million), with an unrealized profit of $7.5 million.” AIXBT is trading for $0.841 at time of writing, up 35x since November 3rd. The trader is also looking at massive profits…
A widely followed crypto analyst says that Bitcoin (BTC) is on the brink of a move to the upside. In a new thread, crypto trader Michaël van de Poppe tells his 763,900 followers on the social media platform X that even though the crypto king looks like it’s on the cusp of an impulsive move, it will likely still be outpaced by altcoins in the Ethereum (ETH) ecosystem. “Very likely we’ll see a new impulse on Bitcoin in the coming period. However, I think it’s more likely that we’ll see altcoins outperform Bitcoin, especially the ETH ecosystem. Lower yields, weaker…
Crypto analytics firm Santiment says one metric is suddenly flashing bullish for altcoins as Bitcoin (BTC) reclaims $100,000. Santiment says that multiple altcoin projects are seeing a massive increase in whale transactions, including the stablecoin Dai (DAI), issued by Maker. According to Santiment, the increased buying of DAI is a bullish signal, indicating that investors are probably going to soon use the stablecoins to accumulate altcoins. “For stablecoins, increased activity is typically a good sign that large levels of funds are being prepared to be swapped for altcoins that are common with that stablecoin’s trading pair. For example, Dai (shown…
Cryptocurrency analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a bounce in the market. In a new video, Svenson tells his 82,000 YouTube subscribers that Bitcoin is primed to break out above a descending trendline after weeks of sideways price action. “I think we’re going to be getting something similar coming up where the market’s going to move much faster than people expect. It’s going to leave people in the dust and it’s going to send us up to a much higher price level. A full continuation of the parabolic trend, giving us another growth spurt…
Cryptocurrency trader and analyst Ali Martinez is predicting a triple-digit rally for XRP as he offers his insight on two other altcoins. Martinez tells his 113,700 followers on the social media platform X that XRP could skyrocket by 200% from the current level. Citing on-chain data, the trader says that the third-largest crypto asset by market cap is currently experiencing heavy demand. “On-chain data reveals that whales have been heavily accumulating XRP. In the last week alone, they’ve purchased over 1.10 billion XRP. This buying pressure is building momentum. XRP has broken out of a bull pennant, a classic bullish…