Author: The Daily Hodl
A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally. Pseudonymous crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that memecoin Popcat (POPCAT) looks incredibly bullish after taking out its last true resistance at $1. According to the trader, he sees POPCAT surging by over 60% from current levels. “Once a coin breaks out of the range, you want to see continuation. Of course, this is going to depend on BTC but I think that…
A closely followed crypto strategist believes it is within the realm of possibility for Bitcoin (BTC) to witness an abrupt rally to $68,000. Pseudonymous analyst Credible Crypto tells his 423,300 followers on the social media platform X that a relief rally is in sight for Bitcoin and the altcoin market. But the trader warns that the rally will likely be short-lived and that Bitcoin will soon resume its bearish price action. “As I’ve said I think some relief here shortly across the board would be ideal. A couple of variations of low-time frame price action I can see playing out…
An ancient Bitcoin (BTC) whale has just woken up after a nearly 11-year hibernation. Blockchain tracking bot Whale Alert says on the social media platform X that a whale wallet, worth less than $100,000 in 2014, is now worth millions. “A dormant address containing 100 BTC (6,113,890 USD) has just been activated after 10.8 years (worth 83,492 USD in 2014)!” Bitcoin’s massive price rise in the last decade puts the wallet in green territory with gains of more than 7,222%. After the wallet received 100 BTC on January 4th, 2014, it did not make any movements until today, when that 100…
The head macro strategist at Swissblock is predicting major moves for Bitcoin (BTC) in the final quarter of this year. Henrik Zeberg tells his 155,900 followers on the social media platform X that market conditions have reached a critical point that the macro strategist predicted two years ago. “We have now reached the bottom of my forecast from Nov. 2022. S&P500 is at 5770. I have refined my targets for the S&P500 in blow-off top to 6100-6300. As we get closer – the Fibonacci levels become more precise. For BTC, the target is now $115,000-$123,000. Blow-off top will explode into…
Popular quant analyst PlanB says crypto whales are staying on the sidelines for now to await the results of a highly anticipated event. In a video update, the pseudonymous analyst tells his 179,000 YouTube subscribers that he believes Bitcoin (BTC) is in a bull market despite its choppy price action over the last eight months. PlanB says the catalyst for a fresh Bitcoin bull run is on the horizon as America gears up for its November presidential election. “Bitcoin will find its trigger for the next pump. I have heard that many large buyers are just waiting for the US…
Macro economic analyst Raoul Pal just issued a dire warning to investors who are sitting on the sidelines. In a new YouTube video, the founder of Real Vision and Global Macro Investor says he believes fears of recession and rising inflation are way off the mark. Pal says governments are beginning to inject liquidity at the right time in the business cycle, a move that’s historically fueled assets like stocks and cryptocurrencies. “Inflation is going to keep falling. It’ll be below 2% and guess what, I think rates are coming below 2% and people don’t understand this… Everybody says, ‘If…
The layer-1 blockchain MultiversX (EGLD) continues to lead the digital asset gaming sector in terms of development activity, according to the crypto analytics firm Santiment. Santiment notes in a new post on the social media platform X that MultiversX, formerly known as Elrond, registered 264.9 notable GitHub events in the past 30 days. MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,000 nodes. The project aims to help developers build next-gen applications. It has led the crypto gaming sector in terms of GitHub events since it passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA)…
One “emerging trend” could potentially give Solana (SOL) an edge over Ethereum (ETH) in the war for smart contract supremacy, according to an analysis from the digital asset banking group Sygnum. The bank acknowledges in a new report that Solana has some overstated volume metrics and only a small portion of Ethereum’s market share. Sygnum also notes that Solana’s transaction volumes are “overwhelmingly” based on memecoin issuance and trading. The bank argues, however, that traditional finance firms could give Solana the edge if they prioritize the Ethereum challenger as they launch tokenization platforms and stablecoins. “There have been indications recently…
Coinbase reportedly plans to cut support for certain stablecoins in the European Union (EU) by the end of the year. A spokesperson for the crypto exchange tells Bloomberg the exchange will delist stablecoins in Europe that don’t comply with the EU’s Markets in Crypto-Assets Regulation (MiCA). “Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024.” MiCA provides rules covering the supervision, consumer protection and environmental safeguards of crypto assets. The legislation includes measures that aim to reduce financial…
Gamblers on crypto betting platform Polymarket are weighing in on the possible identity of pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto before a new HBO documentary reveals his true name. According to data from the Polygon (POL)-based platform, the overwhelming majority of bettors believe the documentary will reveal deceased American cryptographer Len Sassaman, known for his work on the Mixmaster anonymous retailer, as the creator of BTC. The statistics show that 51.5% of those placing bets believe Sassaman created the flagship digital asset over a decade ago. In second place is deceased American software developer Hal Finney at 10.8% while Adam…