A widely followed crypto trader and analyst is warning that one top-100 altcoin could suddenly collapse and lose all of its value. In a new strategy session, pseudonymous crypto analyst Altcoin Sherpa tells his 217,900 followers on the social media platform X that Sam Altman’s “proof-of-person” project Worldcoin (WLD) is at risk of sinking to […]
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One leading crypto strategist thinks that a dog-themed Solana (SOL)-based memecoin is headed to much lower prices. In a new video, pseudonymous analyst Credible Crypto tells his 55,500 YouTube subscribers that dogwifhat (WIF) likely has not yet formed a market bottom. “I do think that we could see some sort of a dead cat bounce […]
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A closely followed crypto analyst is issuing a warning to investors saying that smart contract platform Ethereum (ETH) could plummet by up to 26%. Pseudonymous crypto strategist Credible Crypto tells his 402,300 followers on the social media platform X that the top altcoin has likely not yet found a market bottom. The analyst looks at […]
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Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of non-fungible tokens (NFTs) in Q2, according Apollo Crypto’s investment chief.
Data from CryptoSlam shows NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 as part of a broader market downfall.
“Q2 was a difficult market with Bitcoin declining by 15% and many altcoins performed significantly worse than that,” Henrik Andersson, chief investment officer at Apollo Crypto, told Cointelegraph.
Meme coins have stolen the spotlight this Bitcoin halving cycle, and they've offered unparalleled opportunity to at least some participants.
Meme coins are often seen as jokes, destined to just fade away. But what if they are crucial to crypto? Traditional finance laughs, but meme coin investors might be pioneering new financial strategies. Success stories abound — $1,000 in Dogecoin (DOGE) turning into $2 million, Shiba Inu (SHIB) transforming tiny investments into life-changing sums. Are these investors fools, or do they see real opportunities?
In 2024, the meme coin market is one of the fastest-growing sectors in the space.
The top-performing meme coins have delivered average returns of over 1,300% in 2024. One trader netted an astonishing $1.2 million profit in just a couple of days trading MAGA, PEPE, and other popular memes.
The largest dogwifhat (WIF) holder is adding more to his holdings while other memecoin whales are selling off, according to on-chain data. Blockchain tracking firm Lookonchain reports that the top dogwifhat holder has more than 23 million WIF after suddenly buying 2.3 million additional tokens. “The largest holder of WIF spent 4.65 million USDC to […]
The post Largest dogwifhat (WIF) Holder Accumulates More Coins While Other Memecoin Whales Capitulate: Lookonchain appeared first on The Daily Hodl.
A top analyst known for making timely altcoin calls believes that Pepe (PEPE) and another fellow memecoin are primed for massive rallies. Pseudonymous analyst Bluntz tells his 263,500 followers on social media platform X that PEPE looks ready to ignite a five-wave surge. Bluntz relies on the Elliott Wave theory, which states that a bullish […]
The post Analyst Flips Bullish on PEPE and One Other Memecoin, Says Memes and Another Sector Will Lead Crypto Narratives appeared first on The Daily Hodl.
A closely followed crypto trader believes altcoins are gearing up for a surge after a hefty correction. Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that altcoins will likely soon soar from their market bottom in a mean reversion. “Putting Bitcoin aside, some of these alts are going […]
The post Altcoins To Bounce ‘So Hard’ Off Bottom, Says Top Trader – Here’s His Memecoin To Watch appeared first on The Daily Hodl.
TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602.
Bitcoin (BTC) extended its decline by more than 3% this week as bears maintained their selling pressure. Although the price dipped below the short-term holder realized price (STH-RP) of $64,230, the bears could not deepen the correction. This suggests that the bulls are trying to defend the STH-RP, the aggregate cost basis of Bitcoin holders — wallets storing Bitcoin for 155 days or less.
According to Farside Investors data, Bitcoin’s weakness has resulted in sustained outflows from the spot Bitcoin exchange-traded funds since June 13. This suggests that Bitcoin investors are nervous about the near-term prospects.
Independent analyst Willy Woo said in a post on X that Bitcoin’s recovery is likely to start after the “weak miners die” and the hashrate recovers. In 2020, the hashrate recovered in 8 days; in 2017, the recovery took 24 days. Woo added that miner capitulation is taking a lot of time post-halving this year, possibly due to “ordinal inscriptions boosting profits.”
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a small-cap altcoin built on the Ethereum (ETH) blockchain. The analyst and trader pseudonymously known as Credible Crypto tells his 399,300 followers on the social media platform X that the native token of Curve DAO (CRV), a decentralized finance (DeFi) platform focused on […]
The post Analyst Says Ethereum-Based Altcoin Primed To Explode by Over 1,700%, Updates Outlook on Dogecoin and Pepe appeared first on The Daily Hodl.
