Author: Benjamin Lee
A closely followed crypto analyst believes one Solana (SOL)-based meme token is gearing up for further swings to the upside. Pseudonymous trader Altcoin Sherpa tells his 244,000 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin (FARTCOIN) will likely break through the $1 resistance level after putting up massive gains in the past month. However, he says the meme asset may first return to the .382 Fibonacci retracement level at $0.70. Fibonacci retracement levels are used in technical analysis for determining an asset’s support and resistance levels. “Don’t have much of an opinion on Fartcoin at current…
Popular economist Henrik Zeberg believes Bitcoin (BTC) and crypto will witness a huge burst to the upside due to central bank intervention. Zeberg tells his 179,800 followers on the social media platform X that he thinks the global economy is slowing down to the point that it is transitioning from growth to contraction. While the analyst believes that a recession is in sight, he says central banks will likely step in and prop up the economy with money printing to the benefit of Bitcoin and crypto. “We are at an important inflection point in the Business Cycle. From my perspective,…
A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal. Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100. A bear trap is a false signal that makes it appear that the price of an asset is heading to much lower levels, but instead, the price abruptly reverses and rallies, leaving short-sellers trapped. Says Inmortal, “That weekly candle is maybe the biggest bear trap…
The CEO of a real-world asset (RWA)-focused crypto project is alleging that centralized exchanges may have played a role in the sudden collapse of the project’s native token. The market cap for top RWA project MANTRA (OM) plummeted by $5.431 billion on Sunday – declining from over $6.11 billion to $683.3 million in a matter of hours. Mantra CEO JP Mullin alleges on the social media platform X that the crash was caused by unnamed exchanges seemingly working against the coin by needlessly closing large positions during low-liquidity hours. “We have determined that the OM market movements were triggered by…
President Trump’s official memecoin (TRUMP) is about to go through a massive token unlock worth about $341 million. According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on the open market on April 18th. With 199 million TRUMP tokens currently in circulation, the unlock represents about 20% of the memecoin’s circulating supply. TRUMP currently has a market cap of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion. Token unlocks are often considered bearish for crypto assets, given that new supply will soon be available and sell pressure may be higher. Like most…
A closely followed crypto analyst believes one meme token operating on Solana (SOL) is in the early stages of a market recovery. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that he’s bullish on the memecoin Bonk (BONK). The trader shares a chart suggesting that BONK will face resistance at the $0.000012 level before printing a bullish higher low setup and rallying to his target above $0.0000145. “BONK is looking strong in the short term, and should go higher. Should be a pullback around the 200 EMA (exponential moving average) on the four-hour chart…
A Solana (SOL)-based decentralized wireless network crypto project is skyrocketing after the U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against the protocol. In a new thread on the social media platform X, the development team behind Helium (HNT) says that the regulatory agency has dropped its lawsuit against the crypto platform, which alleged that they violated securities laws. According to a press release, Helium developer Nova Labs agreed to pay the SEC $200,000 to settle the accusation without admitting to any wrongdoing. News of the dismissal caused HNT to rally as it went from a low of $2.62…
A widely followed trader is leaning bullish on the native token of a decentralized finance (DeFi) crypto project built on the Ethereum (ETH) ecosystem. The analyst pseudonymously known as Credible Crypto tells his 466,900 followers on the social media platform X that it is within the realm of possibility for Curve DAO (CRV) to witness an over 400% rally from current levels. Credible says he sees CRV following in the footsteps of the payments altcoin XRP (XRP) when it witnessed a massive price rise in late Q4. “This is actually quite feasible because once we clear $0.60-$0.80, the next major resistance…
Coinbase traders can now buy and sell the brand-new native token of a new omni-chain tool focused on artificial intelligence (AI). The top US crypto exchange rolled out support for Wayfinder (PROMPT) on Thursday, the same day the token launched. Wayfinder bills itself as an omni-chain tool “providing groundbreaking ways for AI to interact with blockchain environments.” The project’s whitepaper notes that it will also be used for blockchain-based games. “Wayfinder is an AI agent framework able to power blockchain-based games, with Parallel Studios’ Colony as an initial game incorporating Wayfinder’s technology, as well as provide generalized on-chain AI capabilities…
Users of the world’s largest crypto exchange by volume have voted to add three new altcoins to the trading platform. In a new announcement, Binance says traders that use its services have voted to add decentralized investment banking protocol Ondo (ONDO), blockchain-based multiplayer role-playing game Big Time (BIGTIME), and artificial intelligence (AI)-based gaming protocol Virtuals Protocol (VIRTUALS) to its suite of crypto products. Binance says the trio of assets will be added with a seed tag, which warns investors that they may display higher levels of volatility compared to other digital assets. “ONDO, BIGTIME, and VIRTUAL are relatively new tokens…