A widely followed crypto analyst thinks the top meme asset Dogecoin (DOGE) could kick off a parabolic bull run this month. In a new strategy session, crypto trader Ali Martinez shares a chart with his 76,400 followers on the social media platform X that suggests DOGE is primed to spark a rally based on historical […]
The post Crypto Analyst Suggests Dogecoin (DOGE) Could Kick Off Parabolic Run This Month – Here’s Why appeared first on The Daily Hodl.
The financial intelligence and enforcement agency of the U.S. Treasury Department is announcing sanctions against a Southeast Asian lawmaker and businessman. The Treasury Department’s Office of Foreign Assets Control (OFAC) says it has sanctioned Cambodian senator and tycoon Ly Yong Phat as well as his businesses L.Y.P. Group and O-Smach Resort over alleged involvement in […]
The post Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams appeared first on The Daily Hodl.
Payments processing giant Mastercard is teaming up with a European counterpart to support non-custodial crypto wallets. In a new announcement, European payments firm Mercuryo says it’s teaming up with Mastercard to launch Spend, a crypto debit card that makes it convenient for customers to spend or cash out their digital assets. “In the context of […]
The post Mastercard Partners With European Payments Giant Mercuryo, Supporting Non-Custodial Crypto Wallets appeared first on The Daily Hodl.
A closely followed crypto strategist believes that one Ethereum (ETH) rival is in an uptrend after retesting the $120 range last week. Pseudonymous analyst Altcoin Sherpa tells his 217,700 followers on the social media platform X that Solana (SOL) appears to have more upside potential after holding the 200-day exponential moving average (EMA) as support. […]
The post Trader Says Top Ethereum Rival Primed To Go Higher, Updates Outlook on Bitcoin and One Blue-Chip Altcoin appeared first on The Daily Hodl.
Interoperability blockchain project Polkadot (DOT) is reportedly spending massive amounts of money on outreach and marketing. According to the project’s new treasury report, $37 million was spent in the first half of 2024 to increase interest in the Polkadot ecosystem. “$37 million was spent on ‘outreach.’ But what do we mean by that? Under outreach, […]
The post Polkadot Treasury Spends Nearly $37,000,000 on Outreach and Marketing in First Half of 2024 appeared first on The Daily Hodl.
The blockchain’s revenue declined over the first half of 2024, and its head ambassador has called for its token’s inflation rate to be lowered.
Polkadot’s treasury holds just under $245 million worth of assets, giving it around two years of spending left at its current rate, according to a Friday report from the blockchain.
“Polkadot’s Treasury is becoming more complex and harder to grasp,” its head ambassador Tommi Enenkel wrote in a June 28 treasury report for 2024’s first half. “Polkadot is spending directly as well as allocating value in bounties and collectives to be spent in the future.”
“At the current rate of spending, the Treasury has about 2 years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence,” Enenkel added. “This has sparked discussions ranging from a stricter budgeting approach to a change in the inflation parameters of the system.”
A widely followed crypto analyst and trader believes that one Ethereum (ETH) rival is well below fair market value. Crypto trader Michaël van de Poppe tells his 722,500 followers on the social media platform X that layer-2 scaling solution Polkadot (DOT) could follow ETH’s upward trend. “DOT is likely going to follow Ethereum in its […]
The post Crypto Analyst Says One Ethereum Rival Is Extremely Undervalued, Maps Path Forward for Bitcoin and Chainlink appeared first on The Daily Hodl.
A widely followed crypto analyst says that altcoins are poised to spark a massive rally starting at the end of June. In a new thread, crypto trader Michaël van de Poppe tells his 719,600 followers on the social media platform X that altcoins are gearing up for a ride “back to normal values.” “The altcoins […]
The post Altcoins Are Ready for Their Big Run, According to Crypto Analyst Michaël van de Poppe – Here’s the Timeline appeared first on The Daily Hodl.
New data from crypto analytics platform Santiment reveals that a layer-1 Ethereum (ETH) competitor is leading the industry in terms of development activity. In a new post on the social media platform X, Santiment says that decentralized app protocol Hedera (HBAR) is leading the crypto space in development activity over the last 30 days, overtaking […]
The post Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment appeared first on The Daily Hodl.
A widely followed crypto analyst believes one artificial intelligence (AI) focused altcoin project is about to outperform the broader market. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that decentralized GPU rendering blockchain Render (RNDR) has a strong-looking market structure. “RNDR: still a fine place to just buy […]
The post Trader Says Render To Be One of Strongest Altcoins in Coming Weeks, Updates Outlook on Three Additional Altcoins appeared first on The Daily Hodl.
