Author: Benjamin Lee
A widely followed cryptocurrency analyst and trader is leaning bullish on the altcoin market but with a caveat. The analyst pseudonymously known as Capo tells his 929,300 followers on the social media platform X that altcoins could go up by double-digit percentage points from the current level. “Expecting altcoins to pump 10%-20% from here. However, I believe this bounce is a bull trap because a big drop is likely to follow.” Source: Capo/X A bull trap is a move designed to lure in retail traders via a fake breakout but instead of continuing to rise, the asset abruptly reverses and…
A popular analyst thinks that one red-hot altcoin has a lot more upside potential after putting up huge gains within weeks. The pseudonymous analyst known as Altcoin Sherpa tells his 242,900 followers on the social media platform X that layer-1 blockchain Sonic (S) may soon hit $1. “S is still one of the strongest mid-caps there is right now. People forget this coin went to almost $4 last cycle. [Sonic Founder Andre Cronje] bull posting a lot plus some interesting activity over there. Send it way higher.” He also predicts that S may soon increase more than 16% of its…
Analyst and trader Michaël van de Poppe is highlighting one crypto asset that could go up by triple-digit percentage points while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Van de Poppe tells his 775,600 followers on the social media platform X that the native token of the decentralized machine-learning network Bittensor (TAO) is “doing great” and is primed to rally by over 125% to a new all-time high. “Good to be in profit on this position and I think that the crypto & artificial intelligence (AI) narrative will push this one past $1,000.” Source: Michaël van de Poppe/X…
A widely followed crypto analyst says that decentralized oracle network Chainlink (LINK) is gearing up for a massive breakout. In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,400 followers on the social media platform X that LINK may increase by more than 194% its current value by early next year. “Green for buying, red for selling. This trade requires: 2/100 IQ. 100/100 patience . I have both.” Source: Inmortal/X Looking at his chart, the trader suggests LINK may retest the level around $14 and surge to around $53 in the first half of 2026. LINK is trading…
Top crypto exchange platforms Coinbase and Binance are adding support for a new artificial intelligence (AI)-focused altcoin. In a new announcement, Coinbase says it is adding support for InfoAI altcoin Kaito (KAITO) on the Base network, the firm’s own blockchain, with an Experimental label. Binance, the world’s largest crypto exchange by volume, also added support for the digital asset as well. The “Experimental” tag was created by Coinbase to designate certain digital assets as riskier, lower-liquidity tokens. News of being added on the exchanges had a reverse impact on the price of KAITO, as the crypto asset is trading for…
A popular analyst thinks that one top-30 altcoin may be among the best-performing digital assets in the near term as the crypto markets chop around. The pseudonymous analyst known as Altcoin Sherpa tells his 242,900 followers on the social media platform X that he is leaning bullish on the utility token of the decentralized open financial system Hyperliquid (HYPE). “Best positions right now in order of best to worst: Cash. Majors. HYPE. Utility or older coins like AAVE, LINK, XRP, OM. Everything else is pretty mehhh.” HYPE is trading for $23.27, at time of writing, down 8.8% in the last…
A crypto strategist known for making timely altcoin calls believes that the top meme token Dogecoin (DOGE) is gearing up for a breakout surge. Pseudonymous analyst Bluntz tells his 316,700 followers on the social media platform X that DOGE appears to be carving a local bottom en route for a bullish reversal. The trader shares a chart suggesting that DOGE seems to be printing an Adam and Eve pattern while flashing a completed ABC corrective move. “DOGE looking pretty solid here in my opinion after consolidating for two weeks after that capitulation event. If there’s one saying that’s always stuck…
A crypto strategist known for accurately calling the 2021 digital asset cycle top believes Bitcoin (BTC) and altcoins are poised to bounce higher this week. The analyst pseudonymously known as Pentoshi tells his 855,900 followers on the social media platform X that the OTHERS weekly chart, which tracks the total market cap of crypto excluding the 10 largest digital assets and stablecoins, is flashing bullish. “Liking [last weekly candle]… [This] week higher for your favorite cryptocurrency coins in my opinion.” Source: Pentoshi/X He believes that the OTHERS chart may soon have a series of rallies and flip the $281 billion…
The former CEO of stablecoin firm behemoth Tether is throwing his support behind a new USDT rival, according to Bloomberg. Tether co-founder Reeve Collins is now the chairman and co-founder of Pi Protocol, the maker of a new USDT competitor, USP, Bloomberg reports. The Pi stablecoin is scheduled to roll out on the Solana (SOL) and Ethereum (ETH) blockchains later this year. Pi aims to use smart contracts to execute transactions and mint the USP stablecoin, which aims to be backed by bonds and other yield-bearing real-world assets. The project aims to be more decentralized than other stablecoin projects, such…
A veteran trader known for calling the collapse of 2022 is predicting big fakeout dips for Bitcoin (BTC) and two top altcoins before fresh explosive rallies. Posting in his Telegram channel, pseudonymous crypto analyst Capo tells his audience that Bitcoin may plummet to around $81,450, a 14% decline from its current value. However, he suggests that BTC may slingshot to fresh all-time highs after the correction, surging past $112,000 sometime next month. Source: Crypto Capo/Telegram Bitcoin is trading for $94,607 at time of writing, down 1% in the last 24 hours. Next up, the analyst suggests that Solana (SOL) may…