Author: The Daily Hodl
A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is ready to skyrocket while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Michaël van de Poppe tells his 732,000 followers on the social media platform X that decentralized credit marketplace Clearpool (CPOOL) is gearing up for a massive rally and should break out if it shoots past the $0.22-$0.23 level. “CPOOL is nicely consolidating and preparing for a big breakout. I think RWA (real-world assets) is going to be a big pillar of this market, through which I assume we’ll see upward momentum…
The founders of analytics firm Glassnode are predicting that Bitcoin (BTC) will soon print fresh all-time highs for one key reason. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that Bitcoin may surge if the US Dollar Index (DXY) starts to decline due to the Fed’s rate-cutting cycle and quantitative easing (QE). The DXY is a measure of the value of the US dollar against a basket of six major currencies. Traders keep a close watch on the DXY as a weak index suggests that investors are…
A pack of Dogecoin investors who claimed Elon Musk rigged DOGE are dropping their appeal following a judge’s ruling against their case in August. Disgruntled DOGE investors first sued Musk in 2022, accusing the Tesla CEO of orchestrating a pump-and-dump scheme with his public praise of Dogecoin on Twitter (now X) and Saturday Night Live. In August, a US judge sided with Musk, failing to see any evidence to support the alleged pump-and-dump scheme. “These paragraphs allege statements by Musk on ‘Twitter’ to the effect that Dogecoin might be his favorite currency and that he had purchased some for his son, that…
The leading stablecoin firm Tether (USDT) has rolled out a private beta for a new tokenization platform. “Hadron by Tether” aims to simplify the tokenization process for stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm. Tether chief executive Paolo Ardoino notes the platform is fully non-custodial and supported by multiple blockchains. The CEO says Hadron represents “the beginning of a new era for finance.” “It leverages a very intuitive user interface to set up and configure multi-signature wallets, including hardware wallets. A deeply thought user experience streamlines…
A closely followed crypto analyst believes that one red-hot Solana (SOL)-based memecoin still has more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 228,800 followers on the social media platform X that Goatseus Maximus (GOAT) may soon break out of the upper bound of a trading range. “GOAT got flipped by Act I:The AI Prophecy (ACT) briefly but still feel like it has greater upside in the longer term. Consolidation at this area between $0.75 and $1 is a decent spot to get in my opinion. Still feel this goes to higher targets (I have a bag).” GOAT is trading…
A widely followed crypto analyst believes one decentralized finance (DeFi) altcoin is gearing up for a massive breakout. Pseudonymous crypto trader Credible Crypto tells his 434,600 followers on the social media platform X that the DeFi protocol Curve Finance/Bitcoin pair (CRV/BTC) is showing bullish divergence on the two-week chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “Have been scalping CRV and shared most of those scalps here live over the last…
An analyst is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s rally to a new all-time high of around $93,500. The analyst pseudonymously known as Rekt Capital tells his 95,400 YouTube subscribers that Bitcoin has finally broken into the “parabolic phase of the cycle.” “So we’re going to see multiple weeks of upside… before we see the first sort of correction.” According to the pseudonymous analyst and trader, Bitcoin has a little over 40 weeks before it hits the top of the cycle based on historical precedent. “We are in the parabolic phase of the cycle once again,…
Galaxy Digital CEO Mike Novogratz is forecasting the potential price trajectory of Bitcoin (BTC) if the incoming administration of President-elect Donald Trump adopts the crypto king as a strategic reserve asset. In a Bloomberg interview, Novogratz says that Bitcoin could skyrocket by over 400% from the current level if the US builds a strategic BTC reserve as the Wyoming Republican Senator Cynthia Lummis promised soon after Trump won the presidential election. [03:44] “…if we get the Bitcoin reserve and as a guy that owns a lot of Bitcoin, I will not cry. And if you see me crying, they will…
A widely followed crypto analyst believes that Ethereum (ETH) rival Cardano (ADA) is unlikely to print new all-time highs this cycle. In a new video update, crypto strategist Jason Pizzino tells his 337,000 YouTube subscribers that ADA is not showing enough market strength so far this cycle, making an explosive breakout improbable at this point. “If Cardano is able to do $10 this cycle, then maybe come back at me. But apart from that, this thing could be just another waste of people’s time.” The analyst compares ADA’s price action on the weekly timeframe to Solana’s (SOL), another ETH rival.…
A dog-themed rival of Dogecoin (DOGE) is continuing its post-election ascent after gaining support from top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says that popular meme asset dogwifhat (WIF), which launched less than a year ago in December 2023, is now available on its platform to buy, sell, end, send and convert. “dogwifhat is now live on [coinbase.com] and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the listing sent WIF flying from a low of $2.99 on November 13th…