Author: The Daily Hodl

A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern. A triangle structure is typically viewed as bullish if spotted while an asset is in an uptrend. Says Bluntz, “Sounding like a broken record at this point but I’m gonna say it again anyway, when DOGE breaks this three-week accumulation, it’s going to be a violent upside move.” At time…

Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on altcoins. Van de Poppe tells his 748,300 followers on the social media platform X that altcoins are set to rally as profits generated from investing or trading Bitcoin (BTC) are channeled to the rest of the crypto ecosystem. According to the widely followed trader and analyst, most of the altcoins are at record lows against their Bitcoin pairs. “This means that there’s still a massive upward run to be made from those altcoins. Many of them need to go up 4x against Bitcoin to meet the levels of…

A popular analyst known for his timely crypto calls says Ethereum (ETH) may soon be heading for new all-time highs. Pseudonymous trader Pentoshi tells his 799,900 followers on the social media platform X that the top altcoin by market cap may be gearing up for another leg up as demand increases for spot ETH exchange-traded funds (ETFs). “ETH new yearly highs on deck. We did it. You won’t believe what hopefully comes next… ETH now at $4,000. Yearly highs next. Have discussed the early changes of the ETF and now the accelerating pace. No reason to think we don’t see…

A closely followed crypto trader believes Bitcoin (BTC) will hit its cycle peak well before people’s expectations. Pseudonymous trader The Flow Horse tells his 247,900 followers on the social media platform X that Bitcoin’s market peak this cycle could come in as early as the first quarter of 2025. “I don’t care what anyone else says. We are far closer to ‘the end for a bit’ than people want to admit. I would say within the first quarter. After big price moves, the chatter often shifts to even bigger moves – multiples of the current price. Ironically, that’s usually a…

Blockchain tracker Lookonchain says one savvy crypto trader gained a 10,000,000% profit in less than two years on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned just $70.40 into $7.06 million in only 20 months by purchasing memecoin Pepe (PEPE) in the early days. “An early buyer who spent only 0.035 ETH ($70.40) to buy 2.61 trillion PEPE ($57.3 million currently) deposited the remaining 189.4 billion PEPE($4.15M) to Kraken [on Thursday]. Even though he sold most of his PEPE early on, he turned $70.40 into $7.06 million – a return of over 100,000x.”…

An Ethereum (ETH)-based meme coin is skyrocketing after being launched on the top US-based crypto exchange by trading volume platform Coinbase. In a new thread on the social media platform X, Coinbase Assets says it’s adding support for the meme asset Mog Coin (MOG), a cat-themed token that launched in July 2023. “MOG Coin is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the listing sent MOG flying as the meme asset went from low of $0.000002375 on December…

Medical technology and software company Semler Scientific continues to stash up its crypto holdings since copying MicroStrategy’s Bitcoin (BTC) treasury strategy in May. In a post on social media platform X, Semler Scientific chairman and founder Eric Semler says the California-based firm just bought an additional 303 BTC for its crypto trove. The development comes as Semler Scientific sees significant gains in its BTC Yield, a metric that the company uses to track the success of its Bitcoin strategy. “Semler Scientific has acquired 303 BTC for ~$29.3 million at ~$96,779 per Bitcoin and has generated BTC Yield of 54.7% QTD…

The chief executive of crypto intelligence firm CryptoQuant is identifying one catalyst that could send Bitcoin (BTC) to a $1 million price tag. In a new thread on the social media platform X, Ki Young Ju says that by the time the top crypto asset by market cap reaches $1 million, it will have overtaken gold. According to Ju, the crypto king reaching nine figures is inevitable as investor demand shifts from gold to BTC. “In 2004, before gold ETFs were approved, gold’s market cap was $1 trillion. Today, it’s $17.8 trillion. If we assume gold’s intrinsic value as a…

U.S. Federal Reserve Chair Jerome Powell thinks Bitcoin (BTC) is more akin to gold than the US dollar. At the New York Times DealBook summit this week, Powell was asked whether the public’s interest in BTC represents a lack of faith in the US dollar. Says the Fed chair, “I don’t think that’s how people think about it. People use Bitcoin as a speculative asset, right? It’s like gold. It’s just like gold, only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a…

Internet personality Haliey Welch, herself of meme fame, is facing backlash and serious accusations after the implosion of her HAWK memecoin. According to a report from the BBC, the Talk Tuah host’s Solana (SOL)-based memecoin HAWK lost more than 95% of its value within hours after launch, prompting YouTuber Coffeezilla to accuse Welch of executing a pump-and-dump scheme. A pump-and-dump scheme artificially inflates a coin’s value through hype or misinformation. Then, holders of that coin who bought the token cheap (or got it for free), sell those tokens at a high value, crashing the price. In a copy-and-pasted statement on…