Author: Benjamin Lee
A closely followed crypto strategist believes one memecoin running on Solana (SOL) is not yet done rallying, even after posting over 60% gains this month. Pseudonymous analyst Altcoin Sherpa tells his 245,000 followers on the social media platform X that he’s bullish on Bonk (BONK) following the altcoin’s breakout of an accumulation zone on the three-day chart. The trader shares a chart suggesting that BONK can rally to as high as $0.0000262 after taking out its resistance at $0.0000142. “BONK is going much higher (I have a bag). Looks good on the charts as well. Think I’m going to add…
An altcoin associated with a decentralized physical infrastructure network (DePIN) project surged by nearly 44% on Friday after receiving a prominent exchange listing. On Thursday, the South Korean crypto exchange giant Bithumb announced it was listing XYO, the native token of the XYO Network. The XYO Network aims to process any type of decentralized data. Explains the project’s website, “Encompassing both a network and protocol, XYO can be used for aggregating, verifying, organizing, and utilizing decentralized data from any hardware node capable of running XYO-enabled software or firmware. XYO’s defining premise is decentralized verification, allowing network devices to verify the data…
The payments giant Stripe is developing its own stablecoin and plans to start testing the asset soon. Jennifer Lee, a product manager for Stripe Crypto, announced the news on Friday, asking companies outside the US to reach out if they were “interested in dollar access.” Lee says the asset will be powered by Bridge, a stablecoin startup Stripe acquired in February. Patrick Collison, Stripe’s chief executive, says his firm has “wanted to build this product for around a decade.” Earlier this year, he and his brother John Collison, the Stripe co-founders, wrote in the firm’s annual letter that stablecoins represent…
A widely followed crypto analyst and trader is leaning bullish on a mid-cap Dogecoin (DOGE) and Shiba Inu (SHIB) competitor. Pseudonymous analyst Altcoin Sherpa tells his 244,900 followers on the social media platform X that Pepe (PEPE) memecoin is primed to go up by around 100% after undergoing consolidation and accumulation in a manner similar to 2024. “PEPE also went through a three-month accumulation/consolidation cycle in the late third quarter of 2024 and then had another run in December. It’s currently in the same exact region in the same consolidation. I expect PEPE to do a 2x or something from…
Cryptocurrency analyst Benjamin Cowen is saying Bitcoin (BTC) is primed to continue outperforming altcoins over the near term. Cowen tells his 894,000 YouTube subscribers that, based on the social risk metric, which gauges crypto market sentiment based on the social media activity of market participants, altcoins could continue underperforming the crypto king. “I have often said Ethereum is sort of like the index of the altcoin market. If it’s doing poorly, interest in crypto is not that high and altcoins aren’t really doing that great. And you can see that as Ethereum has collapsed, so too did the social risk.…
Former Goldman Sachs executive Raoul Pal says one Solana (SOL) competitor is his “favored child.” Pal tells his 1.1 million followers on the social media platform X that if he had to “have a favorite,” the layer-1 chain Sui (SUI) would look preferable to Solana. The Real Vision chief executive shares a chart comparing the SUI/USD price to the SOL/USD price, with SUI/USD looking like it’s on the cusp of breaking out of resistance. Source: Rekt Capital/X SUI is trading at $2.97 at time of writing. The 13th-ranked crypto asset by market cap is up more than 21% in the past…
A new rival of Ethereum (ETH) is seeing a massive boost in price after gaining support from the world’s largest crypto exchange platform by volume. In a new announcement, Binance says it will officially add the layer-1 blockchain Initia (INIT) to its suite of products starting on April 24th, preceding a spike in price for the asset. INIT went from a low of $0.605 on April 24th to a peak of $0.921 just a few hours later. The digital asset has since retraced and is trading for $0.88 at time of writing, a 40.95% increase during the last 24 hours.…
Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on the native token of a Solana (SOL) competitor while updating his outlook on Bitcoin (BTC). Van de Poppe tells his 784,200 followers on the social media platform X that the native token of the smart contract platform Sui (SUI) now appears bullish after breaking out of a “crucial resistance zone.” According to the widely followed analyst and trader, Sui could go up by at least 74% over the coming months. “SUI is likely running towards a new all-time high in the coming quarter.” Sui is trading at $3.08…
The Graph (GRT) price was up 15% and above $0.10, rising as most altcoins gained. Bitcoin’s bullish flip this past week could boost altcoins, including GRT. The Graph’s price is above a key level after a breakout of a technical pattern. The Graph (GRT) has emerged as one of the standout performers in the latest crypto rebound, gaining over 15% as sentiment across digital assets turned sharply positive. The move follows Bitcoin’s rally to above $94,000, driven in part by speculation around easing trade tensions and a broader macroeconomic tailwind that lifted risk assets, including equities. That momentum spread to…
Donald Trump’s official memecoin (TRUMP) is skyrocketing after the President offered to have dinner with its top holders. In a new announcement, the top 220 TRUMP holders are invited to a Gala dinner event with the President on May 22nd at his private national golf club in Washington, D.C. “The Top 220 TRUMP owners will be joining President Trump for a Gala dinner. Our leaderboard updates hourly in real time. Your TRUMP coin count puts you in the running. The competition is fierce.” News of the special dinner event sent TRUMP flying, as the digital asset went from a low…