Author: The Daily Hodl
Fundstrat’s Tom Lee says that digital assets are likely approaching the time when smaller altcoins begin to outshine the larger-cap cryptocurrencies. In a new interview on the Wealthion podcast with SkyBridge Capital founder Anthony Scaramucci, Lee says his firm has already begun recommending Ethereum (ETH) and Solana (SOL) to clients as a way to move out of the risk curve from Bitcoin (BTC). Lee, head of research at Fundstrat, says that investors holding altcoins may have some “alpha” as the market cycle develops. “The answer is yes. We’ve recommended to our clients that if they didn’t want to be Bitcoin-only,…
Rich Dad Poor Dad author Robert Kiyosaki says the separation between the haves and the have-nots will solidify once Bitcoin (BTC) crosses a psychological price point. In a post on social media platform X, the longtime Bitcoin bull says that those who save their money in fiat currencies will be left behind by those who save in BTC and precious metals. Kiyosaki says that after a certain point, the poor and the middle class will have missed their chance to get into BTC at a reasonable price, cementing their place on the wealth ladder. “THE RICH WILL GET RICHER: Q:…
A crypto strategist known as a “Master Trader” on the digital asset exchange Bybit believes three altcoins are gearing up for more rallies. Pseudonymous analyst Bluntz tells his 299,900 followers on the social media platform X that Dogecoin (DOGE) looks poised to witness fresh bursts to the upside after respecting support at around $0.36. “You didn’t get bored of DOGE and leave to go chase the newest shiny thing did you? Things are about to get fun again, in my opinion.” At time of writing, DOGE is trading for $0.432, a 3.45% increase in the past 24 hours. Turning to…
The chief investment officer of Morgan Creek Capital is revealing his top five altcoins picks heading into the new year. In a new interview on the Altcoin Daily YouTube channel, Mark Yusko names his top token picks, including prominent smart contract platforms Solana (SOL) and Cardano (ADA). Other digital assets on the executive’s list include XRP, the digital asset associated with Ripple Labs, meme asset Dogecoin (DOGE) and layer-1 blockchain Hedera (HBAR). “I’ve become pretty partial to Solana, I got to say it. I mean, the guys have done a good job convincing me and you know, thankfully we didn’t…
A closely followed crypto analyst believes Dogecoin (DOGE) is in a solid position to ignite fresh moves to the upside. Pseudonymous analyst Rekt Capital tells his 517,400 followers on the social media platform X that DOGE looks bullish as it trades within an ascending triangle pattern. The technical structure is often viewed as a bullish continuation pattern, suggesting that the asset is consolidating prior to a new upside burst. Says Rekt, “If this indeed turns out to be an ascending triangle on Dogecoin, then memecoins could enjoy another round of money flow. Needs a daily close above the pattern top…
Crypto analyst Ali Martinez says that Dogecoin (DOGE) is gearing up for a parabolic advance that might shake out the impatient before manifesting. Martinez tells his 91,000 followers on the social media platform X that DOGE has just given a bearish sell signal on the Tom Demark (TD) Sequential indicator on the weekly chart. The TD Sequential indicator flashes buy and sell signals based on the closing prices of a given time period, and in this case, nine weeks. However, Martinez notes that the indicator gave off the exact same bearish signal in both 2017 and 2020 right before massive…
Investor Tom Lee says that a further 150% move for Bitcoin (BTC) on top of its already big gains is very likely. In a new discussion on the Wealthion podcast with SkyBridge Capital founder Anthony Scaramucci, the Fundstrat head of research says the current technical trajectory of BTC and the incoming pro-crypto presidential administration are putting Bitcoin in a position to achieve his massive price target. “Over the next twelve months, I think something over $250,000 is possible, but maybe highly probable based on just following this price cycle. The second reason I think Bitcoin has maybe more upside than…
Blockchain tracker Lookonchain says one savvy crypto trader is enjoying a chill 38,399x return on a new memecoin. According to Lookonchain, one anonymous trader is enjoying humongous gains from a Just a Chill Guy (CHILLGUY), a Solana (SOL)-built memecoin based on a viral cartoon. “Turned $160 into $6.14M, ??a 38,399x return! 12 days ago, this trader spent only 0.75 SOL($160) to buy 12.5M CHILLGUY on http://Pump.fun, and then sold 2.8M CHILLGUY for 149 $SOL($35.4K). CHILLGUY The trader still holds 9.62M CHILLGUY($6.1M), with a total profit of $6.14M!” CHILLGUY has been one of the most viral memecoins of the last month.…
A closely followed crypto analyst says one catalyst could send the altcoin market soaring for months. The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.” “Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.” According to the trader, ETH needs to break through $4,000 to ignite massive altcoin…
The research arm of BitMEX says a UK court of appeals has rejected Dr. Craig Wright’s claims that he is the pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto. According to a new post on the social media platform X by BitMEX Research sharing the decision against Dr. Wright, the judge in the case has decided that there is no way that Wright created BTC. “Among the key reasons for his decision were that [the judge’s] conclusions that (i) Dr. Wright had lied repeatedly and extensively to the court in his evidence and (ii) Dr. Wright had forged a large number of…