A popular crypto trader says the top decentralized exchange (DEX) Uniswap (UNI) is flashing a short-term bullish signal. The analyst Ali Martinez tells his 59,400 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for UNI on the daily chart, which he says suggests the […]
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A cryptocurrency analyst and trader is expressing bearish sentiment on Cardano (ADA). In a new video, the analyst pseudonymously known as Credible Crypto tells his 48,700 YouTube subscribers that Cardano currently “does not look great”. According to Credible Crypto, Cardano faces the risk of falling further even after correcting by over 90% from its all-time […]
The post Crypto Analyst Issues Cardano Alert, Warns ADA Could Crash by up to 74% – Here’s His Outlook appeared first on The Daily Hodl.
Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
Bitcoin (BTC) dipped back toward $61,000 on April 17, indicating a lack of demand at higher levels. According to data from Farside Investors, Bitcoin’s recent price action has resulted in net outflows from the spot Bitcoin exchange-traded funds (ETFs) on April 12 and 15. CryptoQuant founder and CEO Ki Young Ju said in a X post that demand for Bitcoin ETFs has “stagnated for 4 weeks.”
However, a comforting factor for the bulls is that the whales have not panicked and are not selling on weakness. Data from research firm Santiment shows that the largest Bitcoin wallet cohorts have been on an accumulation spree since March 1.
The whales seem to be holding on to their positions due to the bullish outlook in the long term. Bitwise Asset Management said in a X post that after the three previous Bitcoin halvings, Bitcoin’s prices remained soft for a month but witnessed triple-digit gains a year after the event.
Most investors who bought memecoins Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) continue to stay in profit despite a correction sweeping the crypto market, according to analytics firm IntoTheBlock. Following Bitcoin’s (BTC) correction from $72,750 to a low of $61,079 last week, data from IntoTheBlock shows that 85% of DOGE holders are still in […]
The post Majority of Dogecoin, Shiba Inu and Pepe Holders Remain Profitable Despite Latest Crypto Correction: IntoTheBlock appeared first on The Daily Hodl.
A popular crypto trader thinks Ethereum (ETH) rival Cardano (ADA) could be on the verge of skyrocketing by more than 190%. The on-chain analyst Ali Martinez told his 57,500 followers on the social media platform X last month that ADA’s price movement resembled a pattern observed from 2018 to 2021. “Should this fractal continue, anticipate […]
The post ‘Exactly Where It Should Be’ – Trader Says Leading Ethereum Rival on Cusp of Skyrocketing by Over 190% appeared first on The Daily Hodl.
After holding a leading spot among the top cryptocurrencies for years, cardano (ADA) has recently been relegated to the tenth position. This shift occurred as toncoin (TON) ascended, surpassing the market capitalization of cardano. Toncoin Overtakes Cardano in Market Cap Over the past year, bitcoin (BTC) has increased by 148.4% and ethereum (ETH) by 93.9%, […]
Charles Hoskinson has criticized “all the dunking of Cardano,” and asserted that the protocol offers the “optimal route for scalability, governance, and innovation.” According to Hoskinson, the crypto industry’s problem is that it allows “carnival barkers [to] dominate the conversation.” Cardano FUD Charles Hoskinson, co-founder of Input Output Global Inc., has criticized “all the dunking […]
Closely followed crypto analyst Ali Martinez says that a contrarian play on Solana might be presenting itself for SOL bulls. Martinez says that Solana’s consolidation from the yearly high and the recent outages on its network have created a low in sentiment for SOL. Late last week, Solana also dealt with some congestion issues partially […]
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A new dollar-backed stablecoin has launched on the Cardano (ADA) mainnet. The financial firm Mehen launched the USDM stablecoin over the weekend, noting that institutional users would spend a day or two onboarding the asset. The issuer says the stablecoin will “slowly be arriving on-chain” this week. Mehen says each USDM is backed 1:1 by […]
The post USDM Stablecoin Goes Live on Cardano (ADA) Mainnet, Issuer Looking for Institutional Minters of Fiat-Backed Crypto appeared first on The Daily Hodl.
A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC). Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.44, a […]
The post Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon appeared first on The Daily Hodl.
