Bitcoin recovery fizzles, but SOL, DOT, NEAR and KAS could rally

July 7, 2024 Coin Telegraph

and Kaspa

Buyers will need to keep Bitcoin above $53,500 to start a recovery in SOL, DOT, NEAR and KAS.

Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears. The buyers are trying to keep the price inside the $56,552 to $73,777 range, while the bears are attempting to yank the price lower. Sellers pulled the price near $53,500 on July 5, but lower levels attracted buying by the bulls.

According to Farside Investors, United States-based Spot Bitcoin exchange-traded funds witnessed net inflows of $143.1 million on July 5, the largest in one month. Bitwise Asset Management CEO Hunter Horsley said in a post on X that investors who do not have exposure to Bitcoin have a “chance to buy the dip” as its outlook “has never been stronger.”

Bitcoin’s recent fall has intensified selling in several altcoins, but a few have managed to hold on to their strong support levels. These altcoins could lead the recovery if Bitcoin starts a move toward $60,000.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Trader Says Top Ethereum Rival Primed To Go Higher, Updates Outlook on Bitcoin and One Blue-Chip Altcoin

July 4, 2024 The Daily Hodl

Altcoins

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.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Polkadot Treasury Spends Nearly $37,000,000 on Outreach and Marketing in First Half of 2024

July 3, 2024 The Daily Hodl

Polkadot Treasury Spends Nearly ,000,000 on Outreach and Marketing in First Half of 2024

Altcoins

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.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Polkadot’s treasury has $245M with 2 years of runway

July 2, 2024 Coin Telegraph

Polkadot’s treasury has 5M with 2 years of runway

Blockchain

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.”

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

June 30, 2024 The Daily Hodl

Altcoins

The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets. According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), […]

The post Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins appeared first on The Daily Hodl.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Crypto Analyst Says One Ethereum Rival Is Extremely Undervalued, Maps Path Forward for Bitcoin and Chainlink

June 29, 2024 The Daily Hodl

Altcoins

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.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

EasyA announces 1 million devs in ecosystem

June 20, 2024 Coin Telegraph

Coin Telegraph

The Web3 educational platform also announced a Polkadot education initiative to help onboard new developers to the blockchain network.

EasyA, a Web3 education platform and incubator, recently announced it had reached a significant milestone by accruing more than 1 million developers in its ecosystem.

Alongside the milestone announcement, EasyA also revealed plans to launch a Polkadot education initiative to help interested developers learn the ropes of the blockchain network and eventually deploy decentralized applications on the Polkadot platform.

Phil Kwok, co-founder and CEO of EasyA, pointed to the educational platform’s significant developer ecosystem as a sign that interest in Web3 has reached a crescendo. “Reaching one million developers is a testament to the insatiable appetite for Web3 education,” Kwok said.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Altcoins Are Ready for Their Big Run, According to Crypto Analyst Michaël van de Poppe – Here’s the Timeline

June 6, 2024 The Daily Hodl

Altcoins

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.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment

June 1, 2024 The Daily Hodl

ada

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.

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Trader Says Render To Be One of Strongest Altcoins in Coming Weeks, Updates Outlook on Three Additional Altcoins

May 31, 2024 The Daily Hodl

Altcoins

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.

Polkadot

Share this video