Author: Benjamin Lee
A seasoned trader and analyst is warning that the future appears perilous for altcoins as the US stock market flashes worrying signs. The trader pseudonymously known as The Flow Horse tells his 9,120 Telegram subscribers that with the exception of Bitcoin (BTC), crypto assets could be at the “beginning of a depressing bear market.” According to the analyst, the pump-and dump-schemes linked to memecoins witnessed over the past few weeks are “massively overdone” and could mark the “jump the shark” moment for grifting in the crypto space. According to the trader, another reason that has made him bearish is the…
Widely followed crypto strategist Michaël van de Poppe believes that one Ethereum (ETH) rival is in a position to ignite a real bullish phase. Van de Poppe tells his 776,000 followers on the social media platform X that the layer-1 protocol Near (NEAR) appears to be carving a cycle bottom. The analyst says that NEAR is likely in the final stages of its accumulation phase before kicking off a bull run. “This is a typical chart of a standard Altcoin bull run. At first, it runs up, then fully corrects before the real run occurs. Those runs start from the…
Coinbase CEO Brian Armstrong says that memecoins are the canary in the coal mine, foreshadowing a broader trend of the tokenization of culture. In a new interview with CNBC, Armstrong says he expects memecoins to eventually lead to the tokenization of identities, votes and art. “Memecoins in the broadest sense, I think we should find a way for artists to get paid. Anyone should be able to put artwork and get paid for it. I do think memecoins are a canary in the coal mine, that more and more of the world is going to get tokenized and put on-chain.…
Binance founder Changpeng Zhao (CZ) has revealed the breakdown of his crypto investment portfolio, showing one asset is by far his largest holding. According to a new post on Binance Square, 98.48% of Zhao’s crypto portfolio is in BNB, the native asset of Binance. His portfolio also consists of 1.32% Bitcoin (BTC) as well as two stablecoins, 0.17% EURI and 0.03% USDT. Zhao revealed his portfolio using Binance Square’s new feature that allows users to share their trading portfolio. “Binance Square is enhancing transparency with its latest feature, Trader Profile, enabling users to publicly share their crypto portfolio allocation. Binance…
An analyst known for calling the November 2021 crypto bull cycle top believes that the altcoin market is about to witness the return of bullish momentum. Pseudonymous analyst Pentoshi tells his 857,000 followers on the social media platform X that he’s keeping a close watch on the OTHERS chart, an altcoin index that tracks the market cap of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. According to Pentoshi, OTHERS appears to be carving a local bottom at $250 billion and is now threatening to shatter its immediate resistance at $281 billion. “Alts potential low time frame double…
Widely followed crypto analyst Benjamin Cowen says that altcoins are likely to collapse in the third quarter of 2025. In a new strategy session, Cowen tells his 874,000 YouTube subscribers that judging by previous cycles, altcoins likely have another leg to move down sometime during Q3 of movement as their movements are largely coupled with the price action of Bitcoin (BTC). He says that around November is when altcoins can mount their recovery. “I think at some point this year, [altcoins are] probably going to break down… And maybe [they’ll] do that this summer and then we’ll see them sort…
A technical analysis indicator suggests the decentralized finance (DeFi) altcoin Maker (MKR) could be poised for a correction, according to a popular crypto analyst. Trader Ali Martinez tells his 128,100 followers on the social media platform X that MKR’s Tom DeMark (TD) sequential indicator flashed a bearish signal on its 12-hour chart. Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. “Maker MKR could be gearing up for a pullback, as the TD Sequential indicator flashes a sell signal on the 12-hour chart!” Source:…
A widely followed analyst is leaning bullish on a memecoin built in the Solana (SOL) ecosystem but with reservations. The analyst pseudonymously known as Credible Crypto tells his 462,900 followers on the social media platform X that the dogwifhat (WIF) memecoin is “quickly approaching attractive levels” for a position that can potentially be held till the end of the current cycle. “The region between $0.20 – $0.50 is a place where I would actually consider blind bidding/buying spot for a longer term hold IF I believed that WIF will one day make a comeback. At these levels, the risk/reward is…
The brand-new native token of a layer-1 blockchain focused on intellectual property (IP) has skyrocketed by 164% in price in its first week of existence. Story (IP) launched on February 13th at the listing price of $2.26 and is now trading at $5.98 at time of writing. It’s already the 71st-largest crypto asset by market cap and has surged by nearly 120% in the past 24 hours alone. Story is a scalable intellectual property solution that aims to serve as a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application…
A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase. The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase. KAITO – an “InfoAI” protocol that aims to solve the problem of fragmentation within the digital assets industry – was recently listed by both Coinbase and the top global crypto exchange by volume Binance en route to nearly doubling up its price. Kaito is trading for $1.92 at…