Altcoin News Official TheBitTimes.com

A closely followed crypto trader and Elliott Wave specialist is forecasting rallies for several altcoins amid a correction in the digital asset markets. Pseudonymous trader Bluntz tells his 304,000 followers on the social media platform X that the utility token for decentralized oracle service Pyth Network (PYTH) has broken out of a bull flag pattern. Bluntz’s chart also suggests that PYTH is in the midst of a five-wave impulse to around the $0.50 level. “Solana ecosystem looking good again, nice bull flag PYTH breakout. Looking impulsive.” Source: Bluntz/X Bluntz practices Elliott Wave theory, which states that a bullish asset tends to go through a five-wave move up before an ABC correction. Based on the trader’s chart, he seems to suggest that PYTH is on the verge of starting its fifth-wave surge following the bull flag breakout. At time of writing, PYTH is trading at $0.431. Bluntz is also bullish on memecoins, saying that the secto...

Cryptocurrencies hold the potential to significantly transform global financial systems — either through reconfiguring the mechanisms of transaction or serving as a new store of value.  Even with all of the institutional adoption and increasing mainstream appeal seen over the last couple of years, it’s important to note that these factors are still nascent — and that the primary drivers in this new space are still speculative investments. While instances of savvy traders turning pennies into generational wealth have become a rarer sight as the industry matures, they do still happen. As of late, most such trades have been in the domain of meme coins — with risky, short-term gambits. Picks for you Quantum computing fears liquidate $1.6 billion of crypto trades in a day – What’s next? 2 hours ago ...

A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50. Despite the possible breakout, Altcoin Sherpa says he wouldn’t buy at WIF’s current level. Source: Altcoin Sherpa/X WIF is trading at $2.47 at time of writing. The 42nd-ranked crypto asset by market cap is down more than 7.6% in the past 24 hours. The analyst also thinks the memecoin Popcat (POPCAT) could witness a short price surge. “Wouldn’t be surprised to see some sort of parabolic blow-off top to $2 or something and then this thing dies for a bit. All cat beta should follow the same pattern. Would NOT recommend buying most cat tokens at current levels; wait for a pullback if you can.”  Source: Altcoin Sh...

As the cryptocurrency industry continues to grow, investors are finding opportunities to profit from carefully timing their crypto trades, as demonstrated in the example of one crypto trader making over $67,300 in just seven hours trading meme coins on the Tron (TRX) network. Specifically, trader ‘TEP7…T1da’ has spent 5,000 TRX, worth $650, to purchase 6.87 million Sundog (SUNDOG), after which they sold 4.57 million SUNDOG for 522,840 TRX, worth $68,000, thus earning 517,849 TRX, or $67,300, according to the data shared by Lookonchain in an X post on August 16. As the blockchain analytics platform pointed out, these trades took place over the course of a mere seven hours, during which the crypto trader made a 104 times return on their investment, and they are still holding 2.29 million SUNDOG, worth $76,000 in unrealized profits. Picks for you ...