Author: Daily Hodl Staff
A widely followed cryptocurrency analyst and trader says that one Ethereum (ETH)-based altcoin could be gearing up for a double-digit bounce. The analyst pseudonymously known as Credible Crypto tells his 403,900 followers on the social media platform X that CRV, the native token of stablecoin lending platform CurveDAO, could soar to $0.37, a more than 24% gain from the current value. The analyst says several metrics suggest a CRV breakout is imminent, including the token holding a key level around $0.26 as support. “Holding the same level covered in my last tweet on CRV and once again seeing some notable…
The XRP Ledger (XRPL) has witnessed a surge in address activity this week, coinciding with a price pump for the crypto asset. The crypto analytics firm Santiment notes that the XRPL has recently seen a substantial amount of both new addresses created and total addresses interacting on the network, with both metrics hitting their highest levels since March. “XRP Ledger is seeing a substantial amount of both new addresses created and total addresses interacting on the network. Both are at their highest levels since March.” Source: Santiment/X Explains the firm, “There is generally positive movement with an uptick in network…
Deep-pocketed holders of the XRP Ledger (XRPL) native token are rapidly accumulating the digital asset, according to blockchain analytics platform Santiment. Santiment says that whales and sharks have been aggressively adding more XRP to their holdings during the past 11 months, reaching a record high of 51.59 billion tokens worth more than $29 billion. “XRP has now climbed above $0.58 for the first time since the market-wide retrace back on April 12th. This rebound is supported by climbing levels of coin hodling from whales and sharks with 100,000-plus XRP coins. A noticeable turning point in supply accumulation began last August.”…
US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world. Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector. The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered by the billion-dollar cybersecurity firm CrowdStrike, whose software is utilized on a global scale. The issue sparked the infamous “blue screen of death” failure on Windows computers, and Microsoft says it’s working to get people back online. “Yesterday, CrowdStrike released an update that began impacting…
A closely followed crypto analyst says that one altcoin that has seen gains of over 120% in two weeks is gearing up to continue its upward momentum. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,800 followers on the social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) looks primed to skyrocket once again. “Was going to buy and then stepped out for 30 minutes. When you see price action like this after a big run, another leg up is coming. DYM.” Source:Altcoin Sherpa/X According to the trader’s charts, he believes DYM will soon…
A widely followed crypto analyst is remaining bullish on Dogecoin (DOGE) rival Floki (FLOKI), predicting the token will outperform other memecoins this cycle. Pseudonymous crypto trader Inmortal tells his 212,400 followers on the social media platform X that Floki could soar more than 43% from the current value. “102% precision squiggle line here. I said it months ago, ‘FLOKI will lead memecoins,’ and that is what is happening. FLOKI is going higher, much higher.” Source: Inmortal/X Looking at his chart, the analyst suggests Floki may retest the level around $0.0001500 before going on a massive rally to around $0.000250. Floki…
A closely followed crypto analyst says that one catalyst could cause the crypto market to take off on a parabolic rally. Jamie Coutts, the chief crypto analyst at Real Vision, says that artificial intelligence (AI) offers massive growth potential for crypto. “What happens when AI agents start using crypto? The exponential growth curve goes parabolic.” Source: Jamie Coutts/X Looking at his chart, the analyst suggests that by 2030 the combined market value of smart contract platforms could reach between $15 trillion and $25 trillion through the use of digital assets and blockchain technology by AI agents. Next up, Coutts says…
A widely followed crypto trader and analyst is warning that one top-100 altcoin could suddenly collapse and lose all of its value. In a new strategy session, pseudonymous crypto analyst Altcoin Sherpa tells his 217,900 followers on the social media platform X that Sam Altman’s “proof-of-person” project Worldcoin (WLD) is at risk of sinking to $0. “WLD is going to dump to $0 eventually but not sure when that happens. This will be an excellent short though and probably one of the best ways to hedge your exposure.” The analyst refers to another social media user’s post warning about the…
The CEO of trading giant Robinhood reportedly believes that tokenization is the future of financial services. In a new Fortune report, Robinhood head Vlad Tenev says that the “next transition” for financial services is tokenization. “You don’t have to squint too hard to imagine a world where stocks are on blockchains.” According to Fortune, several big name financial giants are already exploring tokenization, when assets like dollars and stocks are issued on blockchains, including BlackRock and Goldman Sachs. Tenev believes tokenization has the potential to cut out costly intermediaries for financial actions like trade settlements. Tenev also talks about Robinhood’s…
Ripple has exited its positions in the crypto exchange Bitstamp, the money transfer firm MoneyGram and the cross-border payments company Tranglo, according to data from Crunchbase. Ripple acquired Pantera’s stake in Bitstamp in the first quarter of 2023, and the San Francisco payments company bought a 40% stake in Tranglo in 2021. The firm also bought a $50 million equity stake in MoneyGram back in 2019. The deal was part of a partnership for foreign exchange settlements and cross-border payments. MoneyGram paused that relationship in 2021 after the SEC sued Ripple in late 2020 for allegedly selling XRP as an unregistered…