Author: The Daily Hodl
A widely followed crypto strategist believes it’s only a matter of time before top memecoin Dogecoin (DOGE) erupts. Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high. “When DOGE finally breaks this three-week range, the upside move will be violent, just like the last one, in my opinion. Tick tock.” Looking at the trader’s chart, he seems to predict that DOGE can surge to a new record high above $0.90. At time of writing, DOGE…
A closely followed analyst believes the economy is in the midst of an “everything bubble” that still has more potential to grow. Analyst Jason Pizzino tells his 121,100 followers on the social media platform X that peak cycle highs may still be a ways off for assets like stocks and crypto. “When we take a broad look at the market there are still a lot of investors that are thinking the stock market, real estate and crypto gains so far are ‘too good to be true’ and this time they’re going to get out before the crash. This is NOT…
A crypto strategist who nailed the pre-halving Bitcoin (BTC) correction earlier this year says altcoins will likely rip once this large-cap coin takes center stage. Pseudonymous analyst Rekt Capital tells his 517,800 followers on the social media platform X that a bullish Ethereum (ETH) would be very favorable for the altcoin market. “An ETH breakout would lead the next wave of altcoin rallies.” Looking at Ethereum, the trader says ETH is very close to sparking a high timeframe breakout. “Ethereum is now pressing past the ~$3,700 resistance of its main pattern (light blue). A weekly close above the pattern top…
Digital assets manager CoinShares says institutional investors have now allocated nearly $40 billion to crypto products this year. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows that brought yearly flows to $37.3 billion last week, a new record. “Digital asset investment products saw inflows totaling US$270m last week, while the flows displayed an unusual dichotomy between assets within the asset class. Since the launch of options on US ETFs, despite their high initial volumes, we have not seen a commensurate rise in ETP volumes at US$22bn last…
A new animal-based memecoin is surging to start the week, as Coinbase adds the crypto asset to its listing roadmap. Moo Deng (MOODENG), a crypto asset honoring the baby hippo who became an international sensation, soared 108% as the top US crypto exchange made the announcement. The Solana-based memecoin is now up 59% at time of publishing, at $0.5609, with a market cap of $555.8 million. The announcement from Coinbase means the firm has determined the asset will be available for trading in the near future, although the coin is not yet live on the platform. Moo Deng launched in…
Popular quant analyst PlanB is doubling down on his prediction that Bitcoin (BTC) will surge to an astronomical value in the current bull market cycle. In a video update, the pseudonymous analyst tells his 188,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin may soon soar anywhere between $250,000 and $1 million. His stock-to-flow (S2F) model, which was traditionally used for traditional commodities before he adapted it to Bitcoin, predicts the performance of an asset based on the idea that price increases as the asset becomes more scarce. Historically, PlanB’s S2F model has forecasted the beginning of strong bull…
Billionaire Ken Fisher is dramatically increasing his firm’s position in US banking giant JPMorgan Chase. New SEC filings show Fisher, who founded the $244 billion Fisher Asset Management, has increased the firm’s JPMorgan Chase (JPM) holdings by about $800 million in Q3, adding 4.04 million shares. That’s a 31% rise in the firm’s exposure to the bank, bringing its total holdings to 16.78 million shares. As 2025 arrives, Fisher Asset Management’s has also added to its top holdings – Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMZN) and Aphabet (GOOGL). In addition, Seeking Alpha reports the firm has increased exposure…
Payments-focused crypto asset XRP has suddenly broken out in price, surpassing the market cap of Solana (SOL) and Tether’s USDT after outperforming the market. XRP hit a price of $2.81 early on Monday and has since retraced slightly to $2.68, giving it 424% gains in the last 30 days. At time of writing, XRP has a market cap of $152.5 billion and a fully diluted valuation of $257.4 billion, making it the third-largest crypto asset. Last week, reports surfaced from Fox News’ Eleanor Terret that global exchange-traded fund (ETF) giant WisdomTree had filed for a spot XRP ETF product in…
A closely followed analyst says that deep-pocketed crypto investors have accumulated a massive stockpile of Ethereum (ETH) in just four days. In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 92,300 followers that crypto whales have scooped up hundreds of thousands of ETH in less than one week. “Ethereum whales have bought over 280,000 ETH in 96 hours, valued at around $1 billion! Ethereum is trading for $3,725 at time of writing, a 1.5% increase during the last day. The London-based investment management firm Farside Investors is also keeping an eye on ETH.…
A trader known for making timely altcoin calls is revealing his true bull market price target for memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go much higher than most people expect. The analyst looks at Dogecoin versus Bitcoin (DOGE/BTC) to forecast the memecoin’s potential bull market top. “DOGE/BTC from a cycle perspective is now in a monster uptrend, it did a cycle ABC lasting from 2021-2024 which drew down 90%. I would expect DOGE/BTC to hit an all-time high this cycle and a simple 1.618 extension…