Author: The Daily Hodl

A widely followed cryptocurrency analyst and trader is outlining the potential path forward for a memecoin that’s exploded by over 9x in days. The analyst pseudonymously known as Altcoin Sherpa tells his 224,800 followers on the social media platform X that the Goatseus Maximus (GOAT) memecoin may consolidate for a while after rising by nearly 860% from its price of $0.045 on October 13th. “GOAT I think a range between $0.20 and $0.40 would be extremely healthy. Still holding this one for a while personally.” According to Altcoin Sherpa, GOAT is likely to reach a market cap of $500 million.…

A widely followed analyst and trader is leaning bullish on the Solana-based pet-themed memecoin cat in a dogs world (MEW) while outlining his forecast for Dogecoin (DOGE) and Shiba Inu (SHIB). The analyst pseudonymously known as Bluntz tells his 283,800 followers on the social media platform X that MEW is “about to break out very soon” after trading in a symmetrical triangle over the past few days. A symmetrical triangle can be a bullish continuation pattern if an asset takes out its diagonal resistance. Bluntz shares a chart suggesting that a breakout could send MEW close to $0.011. MEW is…

A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of printing new all-time highs (ATHs) as it reclaimed the $68,000 level Friday. Crypto trader Michaël van de Poppe tells his 730,800 followers on the social media platform X that Bitcoin’s surge past the current ATH of about $74,000 may come within days. But he warns Bitcoin could first retest the $65,000 level before witnessing sustained rallies. “Bitcoin still consolidating, which means some weakness for the markets. Just a few weeks shy of the elections and a potential renewed rate cut from the Fed. The ATH for…

A crypto whale is looking at a massive multi-million dollar gain on a Solana (SOL)-based memecoin after just five days. According to on-chain data tracker Lookonchain, a deep-pocketed investor turned $727 worth of Goatseus Maximus (GOAT) into $2.44 million. “This guy sold all 15.15 million GOAT [October 15th], turned five SOL ($727) into 15,883 SOL ($2.44 million) in just five days, a 3,176x return! Interestingly, he named himself ‘stupidmoney.sol’.” Lookonchain also spotted another savvy investor who is looking at $2.8 million in profits after buying more than 10 million GOAT on October 11th. “This smart money made $2.88 million (+3,360%)…

Ethereum whales have been gobbling up ETH in the past month, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that whale wallets holding more than 0.1% of the total Ethereum supply added more than 1.7 million ETH in net inflows to their combined holdings in the past 30 days. Over that month-long period, there were only three days when that same cohort of Ethereum whales recorded net outflows, and the whales accumulated 175,000 ETH in the past two days alone, according to the analytics firm. Explains IntoTheBlock, “This indicates strong accumulation behavior among large holders, signaling confidence in Ether’s…

The founders of analytics firm Glassnode say that altcoins may have one last dip before they start to outperform Bitcoin (BTC). Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,400 followers on the social media platform X that despite a possible near-term correction many altcoins may soon start performing well. “Altcoin opportunities on the horizon. Our Bitcoin-altcoin cycle indicator shows we’re back in a BTC-dominant regime (below 50 on the chart). As Bitcoin pulls back and altcoins drop sharply, this opens up entry opportunities. If BTC breaks through resistance and the indicator moves above 50,…

A widely followed crypto analyst says that one artificial intelligence (AI)-based altcoin looks strong while updating his outlook on Solana (SOL) and a handful of memecoins. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 224,800 followers on the social media platform X that Fetch.ai (FET) – now a part of the Artificial Superintelligence Alliance – has technical indicators that look extremely promising. “FET. Things look extremely good for now. EMAs (exponential moving averages) on the 1d all tight; key [Fibonacci] levels and S/R (support/resistance) regions. More of a good buy and hold, in my opinion.” FET…

The possibility that blockchain payments firm Ripple will go public is low, according to the company’s CEO, Brad Garlinghouse. In a new interview, Garlinghouse says that Ripple is not is not eyeing an initial public offering (IPO) because of its relationship with the U.S. Securities and Exchange Commission (SEC). Ripple and the SEC have been at odds since the regulator sued the San Francisco-based firm for selling XRP without registering the token as security. “An IPO has not been a high priority for us and part of that is because the SEC is not our friend. I’m not really popular there. They…

The social media platform X account behind a new Ethereum (ETH) ‘restaking’ protocol has been compromised weeks after the token’s launch. According to PeckShieldAlert, the social media account belonging to EigenLayer (EIGEN) was hacked with a phishing link this morning. “EigenLayer X account has been compromised. Do*NOT* click the phishing link eligible-eigenfoundation[.]org” It is not yet known how many people fell victim to the phishers. According to DeFi Llama, the protocol is the second-largest project on Ethereum with over $11 billion in total value locked (TVL). The account promoted multiple phishing scam links before being shut down. The EigenLayer X…

The Federal Bureau of Investigation (FBI) arrested on Thursday an Alabama man who is allegedly behind the hacking of the U.S. Securities and Exchange Commission (SEC)’s account on social media platform X last January. The United States Department of Justice says Eric Council Jr. is accused of conspiring with others to take unauthorized control of SEC’s X account and fraudulently using SEC chair Gary Gensler’s name to prematurely announce the approval of Bitcoin (BTC) exchange-traded fund (ETF). According to X, the regulator did not set up multi-factor authentication (MFA) for its profile. The fake announcement caused the price of Bitcoin to…