Author: The Daily Hodl

Venture capitalist Chris Burniske is reasserting his stance on one of his main altcoin picks for this crypto market cycle. Burniske says on the social media platform X that he’s still loading up on Celestia (TIA) tokens, anticipating a massive recovery despite being 77% down from its all-time high. The investor also says that fear surrounding TIA’s large token unlock next month is likely overblown. “Still longing TIA while haters spinelessly pile onto the downside momentum. When Celestia recovers, it’s not me that will be haunted by the thought, ‘Instead of jeering, I could have been buying TIA <$5… Everyone…

Rich Dad Poor Dad author Robert Kiyosaki says that Bitcoin (BTC), gold and silver are on the cusp of skyrocketing. In a new thread on the social media platform X, the best-selling author says that if the Federal Reserve cuts interest rates during the next Federal Open Market Committee (FOMC) meeting, the trio of assets will explode and fiat money will plummet as capital flees toward “real assets.” “Bitcoin, gold, silver prices [are] about to EXPLODE…. When [the] Fed pivots, cutting interest rates, real assets [will] go up in price as fake money leaves fake assets such as US bonds……

An analyst known for making crypto bottom calls thinks that memecoin Pepe (PEPE) and one Solana (SOL) challenger are gearing up for breakout rallies. Pseudonymous analyst Bluntz tells his 273,500 followers on the social media platform X that PEPE and Sei (SEI) are among the market’s leaders after breaking out of bullish reversal patterns. “Many altcoins with blatant in-your-face accumulation going on here, extremely hard to be bearish in my opinion. SEI and PEPE are some standouts, in my opinion.”  Looking at SEI, the trader appears to suggest that the Solana rival has broken out from a rounding bottom pattern.…

Investor and former crypto analyst at ARK Invest Chris Burniske says that digital assets are showing subtle signs of an early bull market move. Burniske, a partner at venture capital firm Placeholder, says that modest rallies amid bearish market sentiment bode well for crypto assets. “Continuing to see subtle green shoots, while public sentiment remains depressed.” Zooming in, the investor flags some under-the-radar ecosystems that he says are showing contagious enthusiasm, helping to drive the crypto market cycle to his $10 trillion market cap target. “Contagious enthusiasm coming from up-and-coming ecosystems like that of Celestia or Move (Aptos, Movement Labs,…

A digital assets advocacy group backed by Coinbase is launching a multimillion-dollar legal defense fund for non-fungible token (NFT) projects. In a new thread on the social media platform X, Stand With Crypto says it’s starting an NFT defense fund with investment firm Andreessen Horowitz (a16z) and NFT marketplace OpenSea to assist artists against “misguided” enforcement actions. “Today, we raise our shield to protect a foundational part of the crypto community. Alongside OpenSea and A16z Crypto, we are launching a $6 million legal defense fund for NFT creators. Creatives can now stand up to misguided actions from the SEC.” On…

A widely followed crypto analyst is issuing a warning, saying that the rest of 2024 looks less than ideal for altcoins. In a new video update, crypto strategist Benjamin Cowen tells his 813,000 YouTube subscribers that based on historical patterns, altcoins appear set to plummet near the end of the year and capitulate against Bitcoin (BTC). Cowen says the capitulation also lines up with the beginning of a new interest rate-cutting cycle. “If you connect the dots from the last cycle, 2018, 2019 to 2020, you can see that it basically tagged this trend line three times and then the…

A trader who continues to build a following with macro crypto calls thinks that top memecoin Dogecoin (DOGE) is about to ignite steep rallies. Pseudonymous analyst TechDev tells his 467,500 followers on the social media platform X that Dogecoin appears to be mirroring a pattern witnessed during the 2020 cycle. The trader shares a chart suggesting that DOGE appears to be in the process of flipping a key resistance level into support prior to a big burst to the upside. The trader’s chart also shows that he thinks the altcoin market is about to spark surges, arguing that “as goes…

A closely followed crypto strategist believes Bitcoin (BTC) is finally carving a bottom after a six-month correction. Analyst Jason Pizzino tells his 112,300 followers on the social media platform X that he’s keeping an eye on the Fear and Greed Index, which tracks crypto market sentiment over time. Pizzino says that the index has been oscillating between extreme fear and neutral as of late, wiping out market exuberance and trader belief in the crypto bull cycle. “This is how bottoms are formed over many weeks within a bull market. Bitcoin.”  In a video update, Pizzino believes it is only a…

Top global crypto exchange Binance is planning on launching trading support for the new cat-themed native token of a gaming bot built on the Telegram mini-app platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 59th project will be Catizen (CATI), a cat-themed social entertainment experience on Telegram. Explains the project, “As a revolutionary gaming bot, Catizen not only simplifies web3 access but also makes mobile payments seamless, transforming the way users engage with decentralized technologies. Building on Telegram’s vast user base, Catizen is designed to become a hub for Web3 activities, combining a mini-app…

One relatively new decentralized exchange (DEX) is gaining momentum despite the bearish conditions in the crypto segment, according to the digital asset analytics firm IntoTheBlock. The firm notes the total market cap of major DEX tokens currently sits at $26.6 billion. “After a brief rise earlier this year, the market has cooled down, wiping out any YTD (year-to-date) gains.” IntoTheBlock notes that Uniswap’s native token, UNI, is the commanding asset in the space, with 74.93% market cap dominance. But Aerodrome Finance (AERO) is rapidly building momentum in the sector, “making waves in both market cap and volume,” according to the…