Author: The Daily Hodl
Billionaire venture capitalist Tim Draper has long believed Bitcoin (BTC) would surge to $250,000. In 2018, Draper first predicted the top crypto asset would hit $250,000 by 2022. When that failed to happen, the venture capitalist amended the timeline of that prediction until mid-2023. Now, Draper tells Benzinga he still thinks BTC is destined to jump to a quarter of a million dollars. “My first prediction was in 2014 when Bitcoin was at $180. I said that it would be $10,000 in three years. Sure enough, by the end of 2017, Bitcoin hit $10,000. Since then, I have not been…
An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain’s market cap. “TRX has achieved strong product-market fit in stablecoin use cases. TRON blockchain processes 92% of USDT transactions and hosts $60 billion in USDT, yet TRX market cap is only $17 billion. TRX-based USDT is widely used in global trade by offering low-cost, fast stablecoin remittances.” Justin…
A closely followed trader in the crypto space says there may be opportunities for select altcoins once Bitcoin (BTC) stabilizes. Pseudonymous analyst The Flow Horse tells his Telegram subscribers that the more liquid altcoins within the top 100 could present good entry points for bulls after their 50% dips. The trader names cat-themed memecoin POPCAT as an example. “Gentle reminder that alts probably can go a bit lower if Bitcoin does but after this type of mark up the 50% retracement level on liquid top 100 pairs is often a very good level to bid. I would start creating filters…
Economist Alex Krüger thinks Bitcoin (BTC), memecoins and other altcoins are primed to surge for the next few months. Krüger outlines his prediction for the crypto market to his 190,500 followers on the social media platform X. “Stage 1. Bitcoin runs. Stage 2. Memecoins join. Stage 3. Altcoins join.First large flush [at around] $110,000-$120,000? Stage 4. Mania continues.Until Christmas / Inauguration. Stage 5. Moar. Not as manic.Until end of Feb / March. Stage 6. Correction and Pain. Stage 7. Moar. Even less manic. Something like this would make sense.” Krüger notes that the crypto bull run could take a break…
The firm behind the largest decentralized exchange (DEX) by trading volume is launching a $15.5 million bug bounty of historic proportions. According to a new announcement from Uniswap Labs, the bug bounty aims to identify potential holes in Uniswap V4’s core contracts. Uniswap V4 is set to be the latest version of the DEX. According to the announcement, Uniswap V4 introduces “hooks”, which Uniswap defines as “contracts that developers can create to customize how pools, swaps, fees, and LP (liquidity pool) positions interact” that allow new features to be added to the DEX. In two posts to the social media…
Digital assets-focused investment firm Pantera Capital is celebrating a massive four-figure return on its Bitcoin (BTC) fund, which dates back to 2013. In its latest Blockchain Letter, Pantera Capital CEO Dan Morehead says that the Pantera Bitcoin Fund “recently achieved an insane milestone – 1,000x.” “The post-election surge has taken the fund a further 30% higher. The Fund’s lifetime return is now 131,165% – net of fees and expenses.” Morehead also believes Bitcoin is on track to soar to an astronomical value through greater adoption, in part due to the election of pro-crypto Donald Trump as US president. He notes…
A widely followed analyst is suddenly turning bullish on the native token of the modular blockchain network. The analyst pseudonymously known as Pentoshi tells his 824,900 followers on the social media platform X that Celestia (TIA) may soar about 100% from its current value. According to the trader, TIA has kicked off its uptrend after taking out its resistance at around $7.00. “TIA update: accelerate (this week, hopefully, probably). Clear trend change. Clear invalidation if closes back within previous range.” Looking at his chart, the analyst suggests that TIA may reclaim $11.74 as support and head toward $15.34. TIA is…
Long-term Bitcoin (BTC) holders are suddenly unloading a massive amount of coins this month as the flagship crypto asset dips into the $93,000 range, according to a popular on-chain analyst. The pseudonymous on-chain sleuth known as Checkmate tells his 102,900 followers on the social media platform X that long-term holders (LTH), or addresses that hold coins for at least 155 days, have sold more Bitcoin in the last month than in any other month in the current cycle. “Bitcoin long-term holders have distributed $60 billion worth of supply in the last 30 days. Out of all the LTH supply moved…
A social media firm owned by President-elect Donald Trump appears to be interested in wading into the crypto payments business. Last week, Trump Media & Technology Group Corp., which operates the Twitter-inspired platform Truth Social, filed a trademark application with the U.S. Patent and Trademark Office (USPTO) for the name “TRUTHFI.” The application, which was accepted by the USPTO but hasn’t been assigned to an examiner yet, lists several services for TRUTHFI, including crypto wallet software, crypto payment processing, digital asset trading, and financial asset management, among others. The Financial Times, citing “two people with knowledge of the talks,” reported…
A closely followed crypto analyst thinks that payments-focused altcoin XRP is in a strong position to witness bullish continuation. Pseudonymous analyst Credible tells his 439,700 followers on the social media platform X that XRP looks ready for renewed rallies after holding its immediate support at $1.35. According to the crypto strategist, XRP will see more bursts to the upside as long as Bitcoin (BTC) doesn’t play the spoiler. “XRP looks fantastic here as long as BTC doesn’t ruin the party. Would expect a move to the range highs at $1.60+ at the minimum but this could be the start of…