Posts

Showing posts with the label altcoin

Ethereum (ETH)-Based DeFi Protocol Altcoin Dolomite (DOLO) Rises and Falls Following Binance Listing

An Ethereum (ETH)-based decentralized finance (DeFi) altcoin is displaying volatility after gaining support from Binance, the world’s largest crypto exchange platform by volume. In a new press release, Binance says that the cross-chain DeFi protocol Dolomite (DOLO) – which offers its products across the ETH, Arbitrum (ARB) and Berachain (BERA) blockchains – will be added to its suite of crypto products. “Binance is excited to announce that Dolomite will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert and Binance Margin.” News of the addition preceded price swings for the asset, as it went from an August 26th low of $0.229 to a peak of $0.301 just a day later. However, DOLO subsequently plunged down to $0.193. It has since stabilized and is trading for $0.239 at time of writing, a 21.2% decrease during the last 24 hours. In its official whitepaper, the development team behind the project says its goal is to create a ful...

Should You Invest in Shiba Inu-themed 'Based Bonk' Cryptocurrency?

Image
The official X handle of Shiba Inu on Thursday shared a new cryptocurrency named Based Bonk. The tweet was about welcoming the newly-launched token into the meme segment. “Another hound enters the meme battlefield. SHIB dogs stick together. Welcome Based Bonk. Good to see another SHIB barking loud on Base. Dog Season just got dangerous,” read the tweet. Just before the community started speculating that the Shiba Inu ecosystem had launched a new coin in Based Bonk, the SHIB team made it clear that it’s only a partner project and has nothing to do with SHIB. “Friendly heads-up: This post is from a partner project, not an official SHIB token. Always DYOR,” read the tweet. Also Read: Shiba Inu Ready for Explosive +100% Weekly Candle: Stats Scream Yes Friendly heads-up: This post is from a partner project, not an official https://t.co/MmPu9itPM3 token. Always DYOR, frens. — Shib (@Shibtoken) August 14, 2025 Shiba Inu-Inspired Based Bonk Meme Coin: Shoul...

Analyst Warns More Downside Likely for Bitcoin and Ethereum, With One Altcoin Far Outperforming the Competition

Image
Analyst and trader Michaël van de Poppe is warning that the top two crypto assets by market cap may have deeper corrections as markets trade lower with new US data showing a rise in inflation. Van de Poppe tells his 795,100 followers on the social media platform X that after Bitcoin (BTC) printed new all-time highs and Ethereum (ETH) surged into the $3,000 range, the digital assets will likely start trending lower based on historical precedent. “Classic move on the markets here. Likely we’re going to be seeing some more downside on Bitcoin and Ethereum to squeeze out the longs. Remember: volatility goes up, price goes up. This means harsh corrections are around the corner.” Source: Michaël van de Poppe/X Looking at his chart, the analyst suggests ETH may decline to the $2,750 level before a trend reversal. Bitcoin is trading for $116,947 at time of writing, down 5% from its all-time high of $122,838 on Monday. Meanwhile, Ethereum is trading fo...

VanEck Files For First Binance Coin (BNB) ETF In The US

Image
Investment manager VanEck has filed to establish a trust entity for the first BNB ETF (exchange-traded fund) in the US. Public records from the official Delaware state website show the firm registered the VanEck BNB ETF on March 31 under the filing number 10148820. Former Binance CEO Changpeng Zhao, aka CZ, shared the news in an X post earlier today.  VanEck BNB ETF First Of Its Kind In The US The formation of a trust is one of the first steps a company takes when in the process of launching an ETF. VanEck’s proposed BNB ETF now heads to the US Securities and Exchange Commission (SEC) for review. Should VanEck’s proposed BNB ETF receive the regulatory nod from the SEC, it will mark the first fund of its kind that tracks Binance Coin, which is the 5th largest crypto by market cap, in the US.  It is, however, not the first BNB-related product. 21Shares has already launched its Binance BNB ETP outside of the US.  BNB’s price underwent a 24-hour ret...

Ethereum (ETH)-Based Liquid Restaking Altcoin Leaps Upon Announcement of Coinbase Support

An Ethereum (ETH)-based liquid staking token is soaring in price after the top US-based crypto exchange platform Coinbase announced support for the altcoin. In a new thread, Coinbase says it’s adding support for liquid staking protocol Renzo (REZ), a project that aims to streamline the process of staking Ethereum and other digital assets. “Coinbase will add support for Renzo (REZ) on the Ethereum (ERC-20 token) network… Trading will begin on or after 9AM PT on 6 March, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our REZ-USD trading pair will launch in phases.” News of the addition sent REZ flying, as the digital asset went from a low of $0.0170 on March 5th to a peak of $0.0243 just a day later. REZ has since stabilized in price and is trading for $0.0204 at time of writing, a 20.5% gain on the day. Liquid restaking is when traders use digital assets they are already staked and further st...

Top-10 Altcoin That’s Exploded Over 400% in a Month Could Rally Into New All-Time High, According to Trader

Image
A widely followed analyst and trader is leaning bullish on a large-cap altcoin that has skyrocketed by over 5x in a month. The analyst pseudonymously known as Sherpa tells his 233,400 followers on the social media platform X that he “wouldn’t be surprised to see” XRP break out into a new all-time high on its US dollar pair. XRP is trading at $2.65 at time of writing, around 23% below the all-time high of $3.40. Source: Altcoin Sherpa/X The third-largest crypto asset by market cap is up by around 434% since November 4th. According to the pseudonymous analyst, the XRP/Bitcoin pair presents a “much better” risk-reward ratio. Based on Sherpa’s chart, it appears that XRP/BTC is sitting below a resistance level that has existed since May of 2021 and is around 88% below the all-time high of 0.0002247 BTC. Source: Altcoin Sherpa/X XRP is trading at 0.00002727 BTC ($2.63) at time of writing. The widely followed analyst also offers his insight into the Solana (SOL) ec...

How High Can XRP Rise In December 2024?

Image
Ripple’s cryptocurrency XRP has been on an uptrend over the past couple of days. The asset surged by a staggering 30% throughout the week, making XRP a top performer. During the month. the altcoin was seen trading at a high of $1.62 all the way from a low of $0.49. While several believe that the cryptocurrency could rise to $2 this month, most of them were hoping to see XRP spike to $3 in December. Also Read: US Dollar vs Chinese Yuan: Trump To Start a Currency War? XRP’s Hurdles At press time, the asset was trading at $1.46 after rising by nearly 4% over the past 24 hours. The altcoin sprung up by 178% during the last 30 days. If the asset could maintain this streak then it could move beyond its all-time high of $3.84. XRP sits 61% below its current price level. Source Amidst this, prominent buyers were on a purchasing spree despite the rising price of the asset. According to Santiment, the majority of this buying activity came from whales. These large investors grew their ...

Analyst Says Ethereum-Based Altcoin Is Primed To Soar by Over 150%, Maps Path Forward for Bitcoin

Image
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 month and a half while I waited for this sweep on CRV/BTC and we have finally got it. With BTC likely locked in a range between $70,000-$90,000 for a few weeks I think it’s finally time for the big move I’ve been anticipating. I’ve longed CRV here, a move back to range highs on CRV/BTC (which is p...

Trader Stays Bullish on Bitcoin, Updates Outlook on Aptos and Altcoin That’s Up Over 166,000% in Ten Months

Image
A widely followed crypto analyst is staying bullish on Bitcoin (BTC) while updating his outlook on layer-1 blockchain Aptos (APT) and one memecoin that has printed massive gains during the last 10 months. In a new strategy session, crypto trader Altcoin Sherpa tells his 224,300 followers on the social media platform X that key metrics are pointing toward an upcoming bull market for the top crypto asset by market cap. “BTC: should be a decent spot for a bounce. Close enough to the .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Still bullish until shown otherwise.” Source: Altcoin Sherpa/X Fibonacci retracement is a method of technical Analysis that indicates potential points of support and resistance for an asset. Bitcoin is trading for $62,251 at time of writing, a 2.4% gain during the last day. Moving on smart contract platform Aptos, Sherpa says its chart looks good and that he’s looking to accumulat...

Trader Says Altcoin That’s Up Over 18,000% Year-to-Date ‘Looks Incredibly Strong,’ Updates Outlook on Bitcoin

Image
A cryptocurrency trader and analyst says one red-hot Solana (SOL)-based memecoin may have even more upside potential. The analyst pseudonymously known as Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) could soon flip $1 into a support level. “One coin that I think still looks pretty good is Popcat. I think this coin is going to break the $1 area significantly. I don’t know when. And if Bitcoin shits the bed, then obviously it’s not going to. But it still looks incredibly strong. And I’m still of the opinion that cats catch up to dogs a little bit this cycle. Don’t know what it’s going to look like or anything like that.” Source: Altcoin Sherpa/YouTube Popcat is trading for $0.96 at time of writing, up more than 18,000% since hitting a low of $0.00533 in January. With a current market cap of $944.2 million, the memecoin is the 80th largest crypto project. Next, the analyst outlines one possible s...

Top Analyst Says One Memecoin Is His Fastest Horse, Updates Outlook on Altcoin Dubbed As Solana Killer

Image
An analyst who earned the “Master Trader” rank on the crypto exchange Bybit believes that one frog-themed memecoin will leave most digital assets in the dust. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that he sees Pepe (PEPE) pulling off an over 2x rally en route to a fresh all-time high. The trader shares a chart suggesting that PEPE could surge to as high as $0.22. “I like to chart all my meme positions against each other to gauge what looks the strongest and then designate whichever that one is as my largest bag. Healthy to have some diversification of course, but I always try to have my largest position in the fastest horse. The fastest horse (of my bags) seems to be PEPE.”  Source: Bluntz/X At time of writing, PEPE is trading for $0.000112, up over 5% on the day. Another altcoin on the trader’s radar is Sui (SUI), a layer-1 crypto project referred to by many as the Solana (SOL) kil...

Economist Henrik Zeberg Says Solana-Based Altcoin Could Skyrocket by Nearly 1,000% in a ‘Matter of Weeks’

Image
Economist Henrik Zeberg believes that one Solana (SOL)-based memecoin could soon go on a parabolic rally. Zeberg tells his 155,400 followers on the social media platform X that dogwifhat (WIF) may soar more than 913% from its current value after breaking out from a period of consolidation. “WIF could be at $15-$22 in a matter of weeks.” The analyst uses the Elliott Wave Theory to suggest WIF’s explosive price action in the near term. The Elliott Wave Theory is a type of technical Analysis that examines wave patterns based on the repetitive behavior of market participants. According to Elliott Wave principles, an ABCDE triangle indicates consolidation in an uptrend market could spark a strong rally once it is completed. “Are you onboard? It is breaking out of long ABCDE-consolidation. The potential is amazing.” Source: Henrik Zeberg/X WIF is trading for $2.17 at time of writing, up 3.5% in the last 24 hours. The analyst also says ...

Brace for ‘the biggest altseason’ with $4 trillion altcoin market cap in sight

Image
Bitcoin’s (BTC) recent surge to a record $73,750, followed by a pullback to $61,000, has set the stage for what many in the cryptocurrency sector believe could be the onset of an altcoin season. Diverse predictions from analysts hint at a massive upswing in altcoin valuations. While Bitcoin traditionally kickstarts market cycles with a strong surge, the real action often unfolds during its consolidation phases, where other cryptocurrencies typically take the lead. This trend is expected to be more pronounced in the upcoming period, fueled by varying forecasts from leading analysts. The integration of decentralized finance (DeFi), advancements in blockchain scalability, and the expanding use of smart contracts are key factors contributing to a potential altcoin rally, which could significantly alter the dynamics of the cryptocurrency market. Picks for you Dogecoin could be on the road to a 'long-term bullish rally' – Analyst’s take 27 mins ago Bitcoin could...

Opportunity? Will the ‘Banana Zone’ ignite a major altcoin bull run?

Image
Bitcoin’s (BTC) recent surge to a record $73,750, followed by a pullback to $61,000, has set the stage for what many in the cryptocurrency sector believe could be the onset of an altcoin season. This anticipated phase is expected to boost altcoins to new heights, outpacing Bitcoin with significant gains. With meme coins and AI-themed cryptocurrencies outperforming Bitcoin recently, industry experts are debating whether the altcoin rally has already begun. Raoul Pal , a renowned macro guru and CEO of Real Vision , in his recent podcast has sparked discussions about a possible major uptrend in the altcoin market, referred to as the ‘Banana Zone.’  Picks for you Stablecoin Wars: Tether takes massive swipe at Ripple 9 seconds ago 2 cryptocurrencies to reach $50 billion market cap in May 14 mins ago Boom or bust? Experts reveal Bitcoin price that will determine its fate 23 mins ago Top 10 cryptocurrencies by development activity heading into May 4...

Institutions show no interest in altcoins, allocate bags in Bitcoin, Bybit Research says

Image
Institutional investors apparently have no interest in altcoins as data from Bybit Research show half of institutional’s portfolio is allocated to Bitcoin. Institutions are more interest ed in Bitcoin (BTC), than Ethereum (ETH) or altcoins , according to a new data from Bybit Research. Bitcoin price vs Bitcoin holding % by INS, VIP and retail traders | Source: Bybit Research As crypto markets have experienced extreme volatility in 2022, institutional investors increased their Bitcoin holdings during the initial three quarters of 2023, a pattern “distinct from that of other users,” the report says. “Of particular interest is the fact that, in September, half of INS’s asset portfolio was allocated to BTC.” Bybit Research You might also like: Crypto investors are falling into a trap: analyst As per analysts, the prevailing positive market sentiment toward Bitcoin can be attributed to “favorable lawsuit outcomes,” as t...

Appeals court rejects Sam Bankman-Fried’s bid for release

Image
The court cited Sam Bankman-Fried’s alleged witness tampering as the main grounds for rejecting his release bid. FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction. In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried’s previous attempts to tamper with two witnesses while on pretrial release was a major reason behind rejecting his request. “We have reviewed the Defendant-Appellant’s additional arguments and find them unpersuasive,” the court said. Bankman-Fried’s release motion was rejected by a U.S. appeals court. Source: Courtlistener Government prosecutors accused Bankman-Fried of leaking Caroline Ellison’s diaries to The New York Times in July, which caused his bail to be revoked by a New York District Court. Bankman-Fried argued the New York court failed to consider that he was engaged in activity...

Elon Musk AI project inspired memecoin ‘Grok’ falls 74% on creator scam claim

Image
A memecoin drawing its name from the Grok AI project plummeted after allegations its social media account was recycled from that of a former scam token. The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project . In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were repurposed from old project s — including an abandoned memecoin project called ANDY — which has significantly declined from its all-time high. Not that people in this space will care but @GROKERC20 $GROK was created by a scammer. Same exact X/Twitter account has been reused for at least one other scam. X/Twitter ID: 1690060301465714692 pic.twitter.com/iKu7zb6YeS — ZachXBT (@zachxbt) November 13, 2023 In the five hours following ZachXBT’s post, ...

Toncoin (TON) price skyrockets to 11-month high after Telegram launches 'Giveaways'

Image
TON's price risks a carrection in the short term as it nears a confluence of historically strong resistance zones. Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever.  Telegram CEO buys $200K of TON On Nov. 6, Telegram announced Giveaways, a feature that enables channel owners to randomly distribute prizes among their followers. A day later, Pavel Durov, the CEO of Telegram, used $200,000 worth of TON tokens to pay for Telegram Premium subscriptions for 10,000 Telegram users. Pavel Durov's announcement of Toncoin giveaways. Source: Du Rove's Channel Notably, Durov used TON as a payment method within the Giveaways feature, at least for this specific case.  TON's price has rallied 19.5% since the Give...

Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

Image
The NFT artists were also ordered to cover Yuga Labs’ legal fees after determining the trademark infringement constituted an “exceptional case.” A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT lawsuit . The Oct. 25 order follows an April 21 partial summary judgement granted in favor of Yuga Labs after the firm claimed that Ripps and Cahen, the defendants, violated copyright laws by making copycat versions of its Bored Ape Yacht Club (BAYC) collectibles. District court Judge John Walter awarded Yuga Labs $1.37 million after concluding the NFT firm was entitled to a disgorgement of the defendants’ profits. An additional $200,000 was awarded in statutory damages relating to cybersquatting violations. Yuga Labs v. Ryder Ripps et al - Notes from the Court...

Crypto traders urge caution as Bitcoin price hits 3-month high near $31K

Image
Bitcoin faces 2023 resistance levels next after the weekly close sees a 3% BTC price push. Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly close above $30,000 since the summer, going on to tackle levels closer to key long-term resistance. This included the 2023 high, currently at $31,800. “Bitcoin is back at key resistance for the third time in 6 months,” popular trader Jelle responded in one of the day’s X posts. “Time to be cautious, but I don't think you want to be bearish here just because we're reaching resistance. The level will eventually give in -- and the move will be explosive. Tick... Tock…” BTC/USD annotated chart. Source: Jelle/X Analyst Matthew Hyland...