Author: Benjamin Lee
A widely followed crypto analyst says that the top crypto by market cap may be on the verge of an explosive breakout. In a new post on Telegram, pseudonymous crypto strategist Crypto Capo tells his 122,005 subscribers that Bitcoin (BTC) may be heading another leg up if the top digital asset by market cap can break through the $85,000 resistance level. “BTC trying to reclaim $85,000 again. That would be a very clear sign of strength and after that, we should see bullish continuation towards the $90,000 levels.” The analyst previously warned Bitcoin may print a dead cat bounce price pattern,…
A closely followed crypto analyst believes one red-hot meme token operating on Solana (SOL) may continue soaring even higher. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin (FARTCOIN) may increase by more than 47% from its current value. “Would rather buy higher (break of $1) or lower ($0.70) for Fartcoin. This is either charging up for a big move up to $1.25 or it’s going to pullback, I don’t have a clue where it goes in the short term. What I do know, however, is that this thing is…
Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins. In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend. Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH). “…now altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year… “ Source: Benjamin Cowen/X Cowen further says that Bitcoin is likely to continue outperforming altcoins…
The world’s largest crypto exchange platform by trading volume is adding a new layer-1 Ethereum (ETH) rival to its launchpool. In a new announcement, Binance says it’s adding Initia (INIT), a blockchain designed to offer rollups and infrastructure for appchain development, to its launchpool. “Binance is excited to announce the 68th project on Binance Launchpool – Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.” Binance’s launchpool was started in 2020 and is a platform that allows traders to earn new tokens passively by staking their existing assets. According to its…
Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Starting with Solana, Martinez tells his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if SOL fails to break above the resistance area that lies below the $138 price. “For all we know, Solana might be retesting the breakout zone from a right-angled ascending broadening pattern, with the $65 target still in play.” Source: Ali Martinez/ X Solana is trading…
The CEO and co-founder of the real-world asset (RWA) crypto project Mantra (OM) unveils a plan to bring back community trust following a massive sell-off of the blockchain’s token. On Sunday, the value of the OM token plunged from a high of $6.35 to a low of $0.37, representing a huge drop of 94%. The price meltdown happened after at least 17 wallets transferred 43.6 million OM tokens ($227 million at the time) to crypto exchanges. In posts on the social media platform X, Mantra CEO John Patrick Mullin announces a token support plan that features a buyback and supply…
The South Korean crypto exchange Upbit has announced a new listing for a wallet-focused altcoin, triggering explosive price action. According to a new announcement, Upbit is supporting Wallet Connect (WCT) for trading over the Optimism (OP) network on its platform starting Wednesday. The project, launched in 2018, is a Web3 communications open-source protocol that aims to connect crypto wallets to decentralized applications (DApps) through encrypted connections using QR code scanning and deep linking. “Traditionally, connecting wallets to apps on the blockchain required complex steps, which often discouraged new users and created a fragmented ecosystem. WalletConnect simplifies this by offering a…
A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout. In a new thread, crypto trader Michaël van de Poppe tells his 783,000 followers on the social media platform X that Sei (SEI) may increase more than 100% its current value if it breaks through a key resistance level. “SEI starts to show momentum. The Bitcoin pair has a strong bullish divergence on the higher timeframes and the USD pair faces a crucial resistance. Breaking through $0.20 opens up a continuation towards $0.30-$0.35.” Source: Michaël van de Poppe/X SEI is trading for $0.17…
The former Chair of the U.S. Securities and Exchange Commission (SEC) Gary Gensler is warning that the future of non-Bitcoin (BTC) crypto assets is looking bleak. In a new interview on CNBC’s Squawk Box, Gensler says that most altcoins lack solid economic fundamentals and are almost entirely propped up by sentiment, putting them at high risk of a sudden collapse. “If you were interested in [crypto], think about [how] every financial asset sort of trades on a bit of fundamentals and sentiment, but this field is almost 99% – or maybe one might say 100% – sentiment and very little…
Ethereum (ETH) Layer-2 scaling solution ZKsync (ZK) has suffered a significant exploit, resulting in the loss of $5 million worth of ZK tokens. The breach, which targeted the platform’s smart contract infrastructure, has been acknowledged by the protocol through a post to the social media platform X. “ZKsync security team has identified a compromised admin account that took control of ~$5M worth of ZK tokens – the remaining unclaimed tokens from the ZKsync airdrop. Necessary security measures are being taken. All user funds are safe and have never been at risk. The ZKsync protocol and ZK token contract remained secure,…