A trader who continues to build his following with timely altcoin calls believes one Solana (SOL)-based memecoin is gearing up for a massive upside move. Pseudonymous analyst Bluntz tells his 268,500 followers on the social media platform X that dogwifhat (WIF) looks to be setting up to break out from a falling wedge formation. The […]
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Solana price is down 21% in a week, but on-chain and derivatives data highlights investors’ confidence that the network can overcome recent hurdles.
Solana’s native token SOL (SOL) experienced a significant 21% decline over the past week, reaching its lowest point in nearly six weeks. This downturn triggered a substantial $113 million in liquidations of leveraged long SOL futures contracts since April 11, suggesting that investors may have been overly optimistic following SOL's 61% price surge in March.
This raises questions about the potential for further corrections and whether the $130 support level will hold firm.
Market analysts observe that Solana’s current market capitalization of $60 billion appears inflated, particularly when compared to Avalanche’s (AVAX) $13 billion and Tron’s (TRX) $10 billion, standing four and six times higher, respectively. However, some argue that the premium is justified by the rapid expansion of Solana’s ecosystem, with many projects launching their own tokens.
A widely followed crypto analyst says one Bitcoin (BTC) ordinals token that has skyrocketed in the last few weeks still possesses more upside potential. Pseudonymous crypto strategist Bluntz tells his 254,300 followers on the social media platform X that he has entered a long position on PUPS (Ordinals) amid an ascending channel breakout on the […]
The post Bitcoin Ordinals Token That’s Exploded Over 4,600% in a Month Flashing Bullish Signal, According to Top Analyst appeared first on The Daily Hodl.
A veteran crypto trader thinks one Ethereum (ETH) rival is about to “turbo send.” The pseudonymous digital asset analyst known as Bluntz shares a chart with his 253,100 followers on the social media platform X that indicates the smart contract platform NEAR Protocol (NEAR) could jump past the $10.50 range. NEAR is trading at $6.67 […]
The post Veteran Trader Says One Ethereum Rival About to ‘Turbo Send,’ Predicts Strong Crypto Market Rebound appeared first on The Daily Hodl.
A decentralized finance (DeFi) project built over smart contract platform Solana (SOL) is gearing up to kick off an airdrop as Coinbase announces support for it. In a new thread on the social media platform X, DeFi protocol Jito (JTO) says it will be launching its first ever airdrop on December 7th, saying that eligible […]
The post Solana-Based DeFi Project Jito (JTO) To Kick Off Airdrop As Coinbase Announces Support for the Token appeared first on The Daily Hodl.
