Author: The Daily Hodl
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…
The top US-based crypto exchange by trading volume is ending its USDC Rewards program for European users. According to a screenshot shared by Marina Markezic, Coinbase is letting European Economic Area (EEA) clients know that USDC staking is coming to an end due to Markets in Crypto-Assets (MiCA) regulations. “MICA is kicking in -> Sunsetting USDC Rewards in the EU Due to MiCA.” Said Ripple’s Chief Technology Officer (CTO) David Schwartz on the matter, “It’s funny how often regulations prevent companies from doing things that are unarguably pro-consumer.” It was reported in October that Coinbase would end support for non-MiCA-compliant…
A widely followed crypto analyst says that altcoins appear primed to skyrocket over the weekend. In a new strategy session, pseudonymous crypto trader Bluntz tells his 299,900 followers on the social media platform X that altcoin/Bitcoin (BTC) pairs are flashing bullish signals. “Best case here is BTC goes sideways for a week and alts pop off in turns over the weekend. Many alt/Bitcoin charts are indicating this is a likely scenario.” Bluntz goes on to name prominent layer-1 blockchains – including Ethereum (ETH), BNB Chain (BNB) and Sei (SEI) – that are positioned to take advantage of Bitcoin’s sideways action.…
Popular crypto analyst Altcoin Sherpa says that one red-hot artificial intelligence (AI)-related memecoin continues to show market strength after a massive surge. The pseudonymous trader tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy (ACT) is looking strong on the four-hour chart. According to the trader’s chart, ACT has broken through the .382 Fibonacci retracement level at $0.59 and continues to hold it as support at time of writing. “ACT is moving extremely well, huge move from some Elon [Musk] interaction. The technical analysis on it was actually very solid as well, though,…
A widely followed crypto analyst is leaning bearish on Ethereum (ETH) despite the digital asset recently showing strength. In a new strategy session, pseudonymous crypto trader Credible Crypto tells his 441,400 followers on the social media platform X that Ethereum is rapidly approaching a trouble area when paired against Bitcoin (BTC). Based on the analyst’s chart, it appears that he is suggesting that the Ethereum/Bitcoin pair (ETH/BTC) could fall by roughly up to 20% from its current level. Ethereum is trading at 0.0369300 BTC ($3,568) at time of writing. On the Ethereum/US dollar pair, the widely followed analyst says that…
Cryptocurrency trader Ali Martinez is leaning bullish on Bitcoin (BTC) while offering his forecast for Ethereum (ETH) and Dogecoin (DOGE). Martinez tells his 91,300 followers on the social media platform X that online searches for the keyword “Bitcoin” are in the bottom 50th percentile, suggesting low interest relative to the levels usually experienced at the height of bull markets. “Investor sentiment remains subdued, far from euphoric—indicating Bitcoin may still have significant room to grow before reaching a market top.” Bitcoin is trading at $97,450 at time of writing. Next up is Ethereum. Martinez says that Ethereum could rally by around…
A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is a bullish reversal structure suggesting that an asset is ready to witness a new uptrend. Says Altcoin Sherpa, “Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on but all in all, it looks really good for…