Author: The Daily Hodl
An analyst who earned the “Master Trader” rank on the crypto exchange Bybit believes that one frog-themed memecoin will leave most digital assets in the dust. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that he sees Pepe (PEPE) pulling off an over 2x rally en route to a fresh all-time high. The trader shares a chart suggesting that PEPE could surge to as high as $0.22. “I like to chart all my meme positions against each other to gauge what looks the strongest and then designate whichever that one is as my largest bag.…
Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims to provide restaking services for ETH stakers. Users that stake ETH can opt in to EigenLayer and rehypothecate their coins on its network to use for other applications. The advent of restaking and other liquid staking derivatives allows users to stake their coins without forgoing…
Veteran trader Peter Brandt says that Dogecoin (DOGE) is set for more upside price action after printing a textbook breakout pattern. Brandt tells his 741,000 followers on the social media platform X that DOGE is in the middle of breaking out from a nearly seven-month-long downward channel. The trader also says that DOGE looks good on the long-term time frame as well. He shares a chart suggesting that DOGE found solid support at the $0.05 level during the bear market and is getting ready for another leg up after cooling off from its breakout in March. “Channel breakout in DOGE/USDT…
Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed above.…
One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility. NOT is a community token for the popular Telegram-based tap-to-earn mining game Notcoin. Says Martinez, “Increased buying pressure could potentially push NOT toward $0.012 to $0.014.” With NOT trading at $0.000976 at time of writing, a jump to $0.014 would represent a gain of more…
Analytics firm Santiment thinks Bitcoin (BTC) looks ripe for a dip as traders begin to feel exuberance over the crypto king’s latest surge. The firm notes crowd sentiment has reached greedy levels after BTC’s price gains this week. “This typically coincides with upcoming local tops. They may happen today, this weekend, or in the upcoming weeks, depending on how whales behave at these levels. That said, don’t expect to be able to rebuy at $50,000 or $60,000 without world economies beginning to show red flags of their own.” BTC is trading at $65,935 at time of writing, up over 4%…
The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with the Solana (SOL)-based decentralized exchange (DEX) Mango Markets over alleged regulatory violations. The SEC alleges that the DEX’s decentralized autonomous organization (DAO) skirted registration provisions and deprived investors of critical protections. The regulator says Mango DAO raised more than $70 million from unregistered offers and sales of MNGO tokens, and it also alleges that the affiliated entities Blockworks Foundation and Mango Labs LLC engaged in unregistered broker activities. Mango DAO, Blockworks Foundation and Mango Labs agreed to pay a nearly $700,000 civil penalty but didn’t admit or…
A widely followed crypto analyst believes Bitcoin (BTC) may hit six figures before the year’s end as the top digital asset by market cap reclaims the $65,000 level. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that Bitcoin may increase more than 53% from its current value. He believes that the Fed rate cuts and increasing global liquidity are bullish catalysts for Bitcoin and other digital assets. “Gold continues to push higher, while silver has reached the highest price level in a decade. Global liquidity is significantly increasing and altcoins have barely…
A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart. He suggests that the altcoin may be following the lead of dog-themed memecoin dogwifhat (WIF), which is up more than 28% in the last seven days. “If WIF looks like this, wait till ZIL plays catch up! Way more upside with this type of chart!!” ZIL is trading for $0.0167 at time of writing, up 15.1% in the…
A widely followed crypto analyst known for making timely altcoin predictions is turning bullish on memecoins. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that multiple meme tokens are witnessing big breakouts, leading him to believe that memecoin season is here. One altcoin on his radar is the Solana (SOL)-based memecoin Bonk (BONK). “BONK is in my Noah’s ark portfolio, nice channel breakout today as well. Things are about to get silly with memecoins again, in my opinion.” Looking at the trader’s chart, he seems to predict that BONK will surge to $0.000045. At time…