Author: The Daily Hodl
Binance, the largest crypto exchange in the world by volume, is launching a new wallet feature aimed at shining a spotlight on nascent crypto projects. According to a new Binance announcement, Binance Alpha is “a new platform within the Binance Wallet that shines a spotlight on early-stage crypto projects with the potential to grow within the Web3 ecosystem.” The press release says the platform is committed to enhancing transparency in Binance’s token listing process by prioritizing projects that showcase strong community engagement, substantial traction, and alignment with key crypto trends. Binance Alpha is part of Binance’s broader effort to promote…
A widely followed crypto analyst says Ethereum (ETH) looks primed to move higher after exhibiting price stability during the last two weeks. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 519,700 followers on the social media platform X that ETH may be gearing up for more rallies after maintaining $4,000 as support on the weekly chart. “ETH: the post-breakout retest was successful. And indeed, it enabled a challenge into $4,000 (red). In fact, Ethereum has been holding the $4,000 (red) area as new support for the second week in a row. Continued price stability here [means]…
The chief executive of payments app Strike is leaning bullish toward Bitcoin (BTC) as the flagship crypto asset hovers above the $100,000 price tag. In a new interview with Wall Street veteran Anthony Scaramucci on the Wealthion YouTube channel, Jack Mallers says that Bitcoin could hit a price of up to $1 million, a potential gain of approximately 871% from its current value. On what could drive the crypto king to reach the seven-figure price target, Mallers says, “The reality is, if America comes out and buys four million Bitcoin, I think Bitcoin ticks $1 million easily. If not, and…
Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will likely see many new digital asset ETFs be approved. In a post on the social media platform X, Balchunas says that he’s anticipating a “wave” of new crypto ETFs next year, potentially in a particular order. Says Balchunas “We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the BTC + ETH combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled security) and then XRP/Solana (which have been labeled securities in pending lawsuits).”…
Crypto.com CEO Kris Marszalek has met with US President-elect Donald Trump to discuss the future of the industry ahead of the new administration’s entry into the White House. According to a new Bloomberg report, Marszalek and Trump recently met at Mar-a-Lago to discuss the possibility of a national Bitcoin (BTC) reserve, among other things. The exchange’s native token Cronos (CRO) shot up over 25% as news of the CEO’s meeting with Trump. Says a Crypto.com representative of the meeting, “We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so the…
Ripple chief technology officer David Schwartz says investors should not hope for gains on stablecoins as his firm prepares to launch its new dollar-pegged crypto asset. In a new post on social media platform X, Schwartz says Ripple USD (RLUSD) may experience supply shortages in the early days of its debut given the pre-market demand for the stablecoin. “There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD…Maybe someone wants the ‘honor’ of buying the first bit of RLUSD on the DEX (decentralized exchange).” Schwartz says the price of RLUSD should go back close to…
A popular market analyst known for his timely crypto calls is now saying that Bitcoin (BTC) and Ethereum (ETH) will continue to rally. Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Bitcoin may soon surge by more than 15% its current value whileEthereum may surge by more than 20% its current value. “Higher soon. ETH to $4,800. BTC towards $120,000.” Bitcoin is trading for $105,756 at time of writing, up more than 9% in the last seven days. Meanwhile Ethereum is trading for $3,992, up more than 7.4% in the past week. The analyst…
A popular crypto analyst is outlining which altcoins he think will shine after Bitcoin’s (BTC) price rally. The trader Ali Martinez tells his 99,500 followers on the social media platform X that the key to betting on altcoins is to invest capital early in projects with strong fundamentals. “Forget the meme coin FOMO and the X chatter about overnight meme millionaires. That’s luck, not strategy. If you’re in this game for sustainable gains, focus on projects with real utility that are building something substantial. Here are a few worth watching: Worldcoin: A fresh project with ambitious goals in identity and…
A widely followed crypto analyst says that Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), looks primed to continue its red-hot streak. The pseudonymous analyst known as Altcoin Sherpa tells his 234,500 followers on the social media platform X that ENA is worth investing into when it dips in price as it will outpace most of the market. “I think that this just continues going higher. My average is still pretty high like $0.92 or something but this one still just outperforms most of the market [in my opinion]. Buy any dips that you can.” ENA, the 56th-ranked…
Popular crypto analyst Michaël van de Poppe thinks Bitcoin’s future gains this cycle could dwarf the progress BTC has already made. Van de Poppe tells his 753,500 followers on the social media platform X that the top crypto asset by market cap could reach $500,000 in price this cycle. “The rainbow chart shows the following: The last cycle should have gone way higher (it didn’t reach the extreme phase). If time passes and this cycle is longer for #Bitcoin, the price increases automatically.” Bitcoin is trading at $105,865 at time of writing. The top crypto asset set a new all-time…