Author: The Daily Hodl
A widely followed crypto analyst is suddenly turning bullish on one Ethereum (ETH)-based altcoin after its correction this week. In a new thread on the social media platform X, crypto trader Justin Bennett tells 115,500 followers that CRV, the native token of stablecoin lending platform CurveDAO, could soar more than 600% from its current value. “Well, we didn’t get my extremely hopeful $0.40-$0.50 buy zone on CRV. I had a [prayer] there for a reason. Lol. So I bought [Friday’s] blood, and I’ll add more on a weekly close above $0.87. $6-plus potential in my opinion.” CRV is trading for…
Investors who bought the token that “Hawk Tuah” meme star Haliey Welch launched earlier this month are taking legal action against the people behind the project. The price of Welch’s Solana (SOL)-based memecoin HAWK surged shortly after it went live earlier this month, but the token lost more than 95% of its value a few hours later, leading to accusations of a pump-and-dump scheme. A pump-and-dump scheme is a fraudulent practice in crypto that involves artificially inflating the price of a low-value token through hype and misrepresentation. Once the price of the coin goes up, those behind the scheme sell…
An analyst who nailed Bitcoin’s pre-halving correction this year is laying out a worst-case scenario as BTC dips to $97,000. The analyst pseudonymously known as Rekt Capital tells his 102,000 YouTube subscribers that Bitcoin is technically in a parabolic uptrend but could decline further based on historic precedence. “We tend to see upside, but not without pullbacks…week six, week seven, week eight tend to be quite problematic for Bitcoin.” He suggests Bitcoin, now in “week seven,” could plummet if it loses the support level of around $97,000 on the weekly timeframe. “We’re actually losing weekly levels. And so if this…
A closely followed crypto analyst says that Bitcoin (BTC) remains in a bullish trend and could explode by more than 400% despite dipping below $100,000 this week. In a new strategy session, crypto trader Michaël van de Poppe tells his 754,000 followers on the social media platform X that Bitcoin could ultimately hit $500,000 in the current cycle. He uses a rainbow logarithmic growth channel (LGC) curve chart, which aims to predict Bitcoin’s longer-term cycle lows and highs while filtering out shorter-term volatility. Overlays of rainbow color bands on top of the LGC suggest market sentiment at different price ranges.…
A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level. Based on Sherpa’s POPCAT chart, it appears that the Solana-based memecoin has formed a head and shoulders pattern on the daily time frame and could plunge if the support level fails to hold. A head and shoulders pattern is typically considered a bearish pattern in technical analysis. POPCAT is trading at $0.802…
Economist Henrik Zeberg is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s brief dip of nearly 10% earlier this week. Zeberg tells his 170,600 followers on the social media platform X that the anticipated “Christmas rally is still on.” According to the widely followed economist, Bitcoin is primed to rise past the current record high of around $108,200 and reach a new all-time high. Zeberg further says, “We are not at the top yet. BUT – we are much closer to the top and the rally will not continue for as long as many analysts seem to believe.”…
A widely followed crypto trader is laying out one bullish scenario for Ethereum (ETH) that could send the top altcoin to five digits in 2025. In a new video update, Guy Turner, the host of CoinBureau, tells his 2.58 million YouTube subscribers that ETH will likely break through its all-time high and enter an explosive phase this cycle. “Barring any black swan events spoiling our party, we should be able to take for granted that ETH will break through its previous all-time high of around $4,878 recorded in November 2021. Where it goes from there, though, is the real question.…
A man who claims to be the creator of Bitcoin (BTC) has been declared in contempt of court in the UK. Australian computer scientist Craig Wright has been handed a one-year sentence, suspended for two years, for filing a $1.2 trillion lawsuit against the payments firm Block. The judge says Wright violated a previous court order designed to keep him from filing further legal actions. The suspended sentence essentially means Wright would avoid jail if he meets certain conditions and does not commit another offense, although the judge noted Wright is living abroad in Asia and is likely not within…
A decentralized real estate trading platform built on smart contract platform Solana (SOL) saw its price rise and dip after gaining support from Coinbase. Two days ago on the social media platform X, the top US-based crypto exchange platform said it had added Parcl (PARCL), a decentralized exchange (DEX) that lets users trade and invest in real estate using synthetic assets without the need to physically own any property. Synthetic assets are tokenized, blockchain-based representations of real-world assets, such as securities and real property that can easily be swapped. News of the addition caused the token to dip in price…
A widely followed crypto analyst is issuing a warning on Bitcoin (BTC), saying that it could dip further if bulls lose momentum. In a new thread on the social media platform X, crypto trader Justin Bennett tells 115,500 followers that the flagship digital asset could fall all the way back down to $85,000 if BTC bulls fail to reclaim the $102,000 level. According to Bennett, Fed Chair Jerome Powell’s recent announcement that the Federal Reserve isn’t allowed to hold BTC not only triggered a crash in the crypto markets, but also the stock market as well. “Looks like we’re heading…