Author: Benjamin Lee
A widely followed analyst is leaning bullish on a memecoin in the Solana (SOL) ecosystem amid a rout that has seen the crypto asset lose 72% of its value from the all-time high. The analyst pseudonymously known as Bluntz tells his 314,000 followers on the social media platform X that dogwifhat (WIF) might have bottomed out after completing a correction in a three-wave pattern on the weekly time frame. The analyst who regularly applies the Elliott Wave theory in his technical analysis says that while WIF’s bearish trend lasted longer than he had originally anticipated, there are “some nice signs…
A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is waiting in the wings before making its next move to the upside while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Rekt Capital tells his 533,400 followers on the social media platform X that layer-1 blockchain Sui Network (SUI) is consolidating below its all-time high as it gains support from prominent crypto wallet Phantom. “SUI. Still consolidating below all-time highs, biding its time before its next move. As for fundamentals, Phantom is live with SUI to over 15 million…
A top crypto strategist says money invested in Bitcoin (BTC) is unlikely to rotate into the altcoin market at levels seen in previous cycles for one key reason. Pseudonymous analyst The Flow Horse tells his 259,500 followers on the social media platform X that many Bitcoin investors who are now contributing to its strong performance are unlikely to move profits into alts. He says Michael Saylor’s MicroStrategy massive purchases of Bitcoin and those investing in Bitcoin spot exchange-traded funds (ETFs) are major bullish catalysts for the flagship crypto this cycle. However, he believes these entities are not going to rotate…
A chart pattern suggests one altcoin operating on the real-world assets (RWA) crypto sector looks ready for an upside burst, according to a popular analyst. The trader Ali Martinez tells his 118,700 followers on the social media platform X that the RWA project Ondo Finance (ONDO) “appears to be breaking out of a bull flag.” A bull flag is typically viewed as a bullish pattern, suggesting that an asset is consolidating before kicking off on a new rally. Martinez says the bull flag suggests ONDO could be targeting $3.40, which would represent a 141% increase. Source: Ali Martinez/X ONDO is trading…
The newly rebranded layer-1 blockchain Sonic (S) is being called the “golden standard” of layer-2s (L2s) by Andre Cronje, the project’s co-founder. Cronje claims on the social media platform X that Sonic, formerly known as Fantom, is the “only actual decentralized stage 3 L2.” “No fee extraction, all submits 100% to ETH, no ‘centralized value extraction’. Decentralized sequencing. Decentralized bridges. While the rest of the L2s continue to fake pretend to ‘decentralize’ (why would they when they get millions of fees per year?), we already did it. Scaled transactions per second to 16,000+ on the L1. Decreased storage by 98%…
President Trump’s crypto project World Liberty Financial (WLFI) has now acquired over $388 million worth of digital assets, according to on-chain data. Blockchain “de-anonymizing” platform Arkham reports that World Liberty Financial boosted its crypto holdings after making large Ethereum (ETH) and Tron (TRX) purchases late on Friday. “DONALD TRUMP’S PROJECT WORLD LIBERTY FI BUYS AND STAKES 4,700 ETH ($15 million), PURCHASES $2.65 MILLION TRX AS TRUMP PLEDGES TO DEVELOP NATIONAL DIGITAL ASSET STOCKPILE.” Source: Arkham/X The project recently joined the top 0.1% of all Ethereum stakers with its aggressive ETH accumulation spree. On the day of Trump’s inauguration, World Liberty…
A closely followed analyst thinks that one emerging crypto sector will witness astronomical growth in the coming years. Pseudonymous analyst Pentoshi tells his 847,300 followers on the social media platform X that he thinks the real-world assets (RWA) crypto sector will hit a $1 trillion market capitalization by 2030 or sooner. RWA is a nascent crypto category that aims to tokenize real-world assets such as bonds and real estate on-chain. The process also enables fractional ownership of assets, allowing individuals to purchase smaller, more affordable units. Says Pentoshi, “Everything will be on-chain and tokenized. The foundation for it already exists.”…
A prominent crypto analyst says deep-pocketed investors have been spotted loading up huge amounts of Ethereum (ETH). Trader Ali Martinez tells his 119,200 followers on the social media platform X that crypto whales gobbled up more than $3.80 billion worth of Ethereum in a two-day span. “Whales have bought over 1.14 million Ethereum $ETH in [48 hours!]” Source: Ali Martinez/X At time of writing, Ethereum is trading for $3,340. The trader is also keeping an eye on the interoperable blockchain Polkadot (DOT). According to Martinez, DOT looks primed to ignite a big upside burst as it threatens to break out…
A widely followed crypto analyst says Ethereum (ETH) and altcoins are gearing up for a phase of significant outperformance. Closely followed strategist Credible Crypto tells his 459,600 followers on the social media platform X that ETH is presenting a great entry point for investors even though a dip is still in the cards before the rally. “I don’t think you can go wrong buying spot at these levels – the macro/HTF (higher time frame) charts look absolutely fantastic and, if correct, downside would be limited to 10-20% max with an upside of 100-500%+ in the coming months (depending on how…
Digital assets-focused investment firms Pantera Capital and Jump Crypto reportedly helped a new palm-scanning blockchain project reach a more than $1 billion valuation. According to a new report by Reuters, the decentralized identity project Humanity Protocol has raised its fully diluted valuation to $1.1 billion after closing a $20 million funding round led by Pantera and Jump. The project aims to develop a network that uses palm scans to verify that online accounts belong to real people. Says Terence Kwok, founder of Humanity Protocol, “The protocol allows people to prove they are human without revealing personal details. This helps solve…