Author: Benjamin Lee
A chart pattern suggests one altcoin operating on the real-world assets (RWA) crypto sector looks ready for an upside burst, according to a popular analyst. The trader Ali Martinez tells his 118,700 followers on the social media platform X that the RWA project Ondo Finance (ONDO) “appears to be breaking out of a bull flag.” A bull flag is typically viewed as a bullish pattern, suggesting that an asset is consolidating before kicking off on a new rally. Martinez says the bull flag suggests ONDO could be targeting $3.40, which would represent a 141% increase. Source: Ali Martinez/X ONDO is trading…
Cryptocurrency trader Michaël van de Poppe is leaning bullish on a top-10 altcoin by market cap while outlining a path forward for blockchain oracle Chainlink (LINK) and the native asset of the layer-1 blockchain Sui (SUI). Starting with the third-largest crypto asset by market cap, Van de Poppe tells his 767,000 followers on the social media platform X that payments altcoin XRP could skyrocket by 213% from the current level. According to the widely followed trader and analyst, the “optimal” entry level for a long opportunity on XRP is below $2.80. “Is $10 possible? Yes.” Source: Michaël van de Poppe/X…
A popular crypto analyst thinks one top-30 altcoin is gearing up for a parabolic rally. The pseudonymous analyst known as Altcoin Sherpa tells his 240,200 followers on the social media platform X that HYPE, the utility token of decentralized perpetual futures exchange Hyperliquid, may more than double in value this cycle. “The pump to $50 will be glorious for HYPE. Hyperliquid. One of my bags.” Source: Altcoin Sherpa/X Looking at his four-hour chart, the trader suggests that HYPE is looking bullish as it has been trading in a range with a lower bound of $18.53 and an upper bound of…
Two widely followed crypto traders say President Trump may have made one of the biggest financial blunders in modern history moments before taking office. In a new video on the state of the markets, pseudonymous analysts DonAlt and Cred say the launch of Trump’s official memecoin (TRUMP) potentially squandered a massive fortune for the 47th President. After its initial launch on January 17th, TRUMP soared to a $72 billion fully diluted market cap in a couple of days, making it among the top 20 crypto assets in existence – with Trump and his affiliates holding 80% of the supply. Then,…
A new “culture coin” is rolling out on Binance. The top global crypto exchange airdropped Animecoin (ANIME) to qualified users this week and then listed the asset for trading. Animecoin is the sixth project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances. Animecoin bills itself as a way for fans to own a piece of the anime industry. “ANIME is a true Culture Coin – a movement that transforms the anime fandom of 1 billion fans into a community-owned network of creativity. Where passion becomes power, cultural energy becomes…
Blockchain tracking firm Lookonchain says one whale trader let slip through their hands a $180 million profit by selling a new memecoin too early. According to Lookonchain, trader “LeBron” sold more than 4.5 million Official Trump (TRUMP) at an average price of just $1 per coin before the digital asset soared to double-digits, missing out on a massive nine-figure profit. “LeBron sold 4.52 million TRUMP ($185 million) for 4.52 million USDC at an average price of $1, cashing out too early and missing a $180 million profit [at time of reporting]. [On Tuesday], he spent 2.5 million USDC to buy…
A popular crypto analyst thinks one top-10 altcoin is on the verge of another rally. The pseudonymous analyst known as Altcoin Sherpa tells his 240,300 followers on the social media platform X that XRP‘s next leg is loading. Source: Altcoin Sherpa/X XRP is trading at $3.17 at time of writing. The 3rd-ranked crypto asset by market cap is up more than 5% in the past week. Altcoin Sherpa also thinks Bitcoin (BTC) is loading a “god candle” that will take its price to $120,000. Source: Altcoin Sherpa/X BTC is trading at $103,254 at time of writing. The top-ranked crypto asset…
The co-founders of market intelligence platform Glassnode are identifying two catalysts that need to line up for altcoin season to officially kick off. In a new thread on the social media platform X, Glassnode and Swissblock co-founders Jan Happel and Yann Alleman – who together share the handle Negentropic – say that based on historical precedent, altcoin season could start if Bitcoin’s (BTC) dominance levels start to fell and its price stabilizes above $100,000. “Flashback to February 2021. In the last cycle, February kicked off altcoin season. Could it happen again? Two key factors must align: 1) Bitcoin dominance must…
Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar profits after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up 5.2 million Melania (MELANIA) at just $0.13 per coin right after the digital asset’s launch on Sunday – the day before Trump’s presidential inauguration. Four days later, the trader had sold off every MELANIA token for a gain of 6,208% on the initial investment of $688,000, racking in a $42.7 million profit. “This guy has sold all MELANIA, making a total profit of $42.7 million…
President Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as well as prevent the development of a Central Bank Digital Currency (CBDC) while boosting stablecoin adoption. The order, entitled “Strengthening American Leadership in Digital Financial Technology,” states the administration supports the “responsible growth” and use of digital assets and blockchain technology. The order revokes President Biden’s previous digital asset directives and creates a new working group that will coordinate and propose a unified regulatory approach to digital assets within 180 days. “The Working Group shall evaluate the potential creation and…