An analyst who continues to build a following with timely crypto calls says he has his radar locked on three altcoins. Pseudonymous trader The Crypto Dog tells his 776,300 followers on the social media platform X that he’s bullish on an Ethereum (ETH) challenger and a pair of memecoins as the digital asset market bounces. […]
The post Crypto Trader Says Three Altcoins Are His Golden Tickets, Flips Bullish on One Memecoin With ‘Monster’ Chart appeared first on The Daily Hodl.
A closely followed crypto strategist is turning very bullish on memecoins in the current market cycle. Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that retail traders could send memecoins soaring. “Highly bullish on memes this cycle though for a lot of reasons. New retail wants to get rich […]
The post Crypto Analyst Says He’s Highly Bullish on Memecoins This Cycle – Here Are His Top Picks appeared first on The Daily Hodl.
Hedge funds are starting to succumb to the lure of crypto memecoins in search of bigger gains, according to a report from Bloomberg. Newport Beach, California-based fund Stratos – backed by heavyweight investors Marc Andreessen and Chris Dixon – reportedly recorded 137% gains in Q1 by allocating part of its portfolio to dogwifhat (WIF), which […]
The post TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into ‘Culture Coins’: Report appeared first on The Daily Hodl.
A crypto whale that’s been dabbling in Solana (SOL)-based memecoins has become the largest holder of a dog-themed altcoin. First spotted by blockchain tracking firm Lookonchain, a deep-pocketed entity has accumulated $4.29 million worth of PUPS, a cartoony animal-themed meme token. PUPS was originally created for Bitcoin (BTC) Ordinals but also exists on the Solana […]
The post Memecoin Collector Becomes Largest Holder of Solana-Based Altcoin Before Bitcoin Halving: Lookonchain appeared first on The Daily Hodl.
We’re thrilled to announce that Bonk (BONK), Dymension (DYM), Jito (JTO), Jupiter (JUP), Polygon Ecosystem Token (POL), Wormhole (W) and Dogwifhat (WIF) are now available on Kraken for residents in the United Kingdom! Funding and trading BONK, DYM, JTO, JUP, POL, WIF and W funding and trading are live. Add your token to your Kraken […]
The post Trading for JUP, W, WIF and more starts now in the United Kingdom appeared first on Kraken Blog.
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.
An analyst who continues to build a following with timely altcoin calls says that one memecoin running on Solana (SOL) is flashing signs of bullish reversal. Pseudonymous analyst Bluntz tells his 255,700 followers on the social media platform X that dogwifhat (WIF) may have carved a local bottom when it hit a low of around […]
The post Top Analyst Says Solana-Based Memecoin Looking Good Amid Crypto Correction, Flips Bullish on One Ethereum Rival appeared first on The Daily Hodl.
A widely followed crypto analyst and trader is unveiling a list of crypto assets he is holding after last week’s altcoin meltdown. The trader pseudonymously known as The Flow Horse tells his 211,400 followers on the social media platform X that his crypto portfolio currently consists of Bitcoin (BTC), Solana (SOL), Ethereum (ETH), dogwifhat (WIF) […]
The post Top Trader Unveils Crypto Holdings Following Last Week’s Crash, Says Altcoin Recovery Now on Accelerated Timeline appeared first on The Daily Hodl.
Whales on the Solana (SOL) blockchain are gobbling up memecoin discounts following a marketwide correction over the weekend, according to on-chain data. Blockchain tracking firm Lookonchain spotted two Solana whales that went in to accumulate sloth-themed Slerf (SLERF), Pepe the Frog-themed Book of Meme (BOME) and President Joe Biden-inspired Jeo Boden (BODEN) from crypto exchanges […]
The post Solana Whales Scoop Up Millions of Dollars Worth of Memecoins As Crypto Markets Dip: Lookonchain appeared first on The Daily Hodl.
