Author: Benjamin Lee
A crypto analyst known for his charts says that altcoins are flashing a very bullish signal that’s been five years in the making. In a post on the social media platform X, pseudonymous analyst TechDev shares with his 535,000 followers a TOTAL3 chart, which measures the entire market cap of crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. Using three-month candles, TechDev’s analysis suggests that TOTAL3 is currently breaking out of a massive ascending triangle that started forming in late 2020. “Macro altcoin expansion has triggered. Not seen since late 2020. But this one comes after a 4-year coil…the…
The world’s largest crypto exchange platform by trading volume is adding support and airdropping for Chainbase (C), an artificial intelligence (AI) altcoin that integrates blockchain interfaces. In a new announcement, Binance says that Chainbase will be the newest token added to the HODLer Airdrops program, which gives users awards based on their balance of BNB, the native asset of Binance. “Binance is excited to announce the 28th project on the HODLer Airdrops page – Chainbase (C). Chainbase is a Hyperdata Network for AI.” Binance also added the token to its other programs– such as Binance Simple Earn, “Buy Crypto”, Binance…
A brand-new Ethereum (ETH) ecosystem altcoin is skyrocketing after immediately securing listings on Binance and Coinbase. Caldera (ERA) is an application that allows the development of ETH-based layer-2 scaling solutions. The new ERA token launched on Thursday surged over 80% in just hours before continuing its rally to an all-time high of $2. ERA has given up some of its gains and is trading at $1.56 at time of writing. Coinbase listed the asset with an experimental label on Thursday. The top US crypto exchange uses the experimental label for tokens that pose certain risks, such as price swings and…
The chief executive of Bitcoin (BTC) financial services firm Fold is issuing a warning about altcoins, saying that the crypto king’s market dominance isn’t something that will backtrack. In a new interview with CNBC Television, Fold CEO Will Reeves says that the top crypto asset by market cap’s recent new all-time high was due to a combination of high institutional demand and low supply. “This is what happens when massive demand meets the finite supply of Bitcoin. And what we’re seeing right now is the supply shock in motion. So I’d certainly say what we are seeing is the fundamentals…
An analyst known for timely altcoin calls believes that new record-level prices are on the horizon for the payments altcoin XRP (XRP). Pseudonymous analyst Pentoshi tells his 870,600 followers on the social media platform X that XRP’s chart looks bullish and that the altcoin might see new all-time high prices in the coming weeks. But for now, Pentoshi thinks that XRP will take a breather before sparking the next leg up. “XRP: This is probably going to do price discovery in the next two weeks as well, in my opinion… XRP looks disgustingly good even on the BTC pair, to…
The memecoin launchpad Pump.fun has completed one of the fastest-selling initial coin offerings (ICOs) to date. In a post on the social media platform X, the Solana (SOL)-based platform says that its official native token, PUMP, sold out in just minutes during the ICO event on July 12th, generating millions of dollars in sales. “The PUMP public sale has now ended. We are delighted to reveal that the PUMP public sale was able to sell out in only 12 minutes. We would like to thank our entire community for participating! The PUMP tokens will now enter the distribution phase.” All…
An economist known for calling a blow-off top for the markets predicts that the total crypto market cap will skyrocket over 250% from current levels. Henrik Zeberg tells his 186,700 followers on the social media platform X that he’s keeping a close watch on the TOTAL chart, which tracks the total market cap of crypto, excluding stablecoins. The economist predicts that TOTAL will soar to $12.95 trillion in a wave five rally, supported by rising momentum as indicated by the relative strength index (RSI) and the relative vigor index (RVGI). His chart also notes that the moving average convergence divergence…
Analyst and trader Michaël van de Poppe is warning that the top two crypto assets by market cap may have deeper corrections as markets trade lower with new US data showing a rise in inflation. Van de Poppe tells his 795,100 followers on the social media platform X that after Bitcoin (BTC) printed new all-time highs and Ethereum (ETH) surged into the $3,000 range, the digital assets will likely start trending lower based on historical precedent. “Classic move on the markets here. Likely we’re going to be seeing some more downside on Bitcoin and Ethereum to squeeze out the longs.…
The top US-based crypto exchange by trading volume is helping pump up a popular Solana (SOL)-based memecoin platform with its latest listing. According to a new announcement from Coinbase, pump.fun (PUMP) is the latest altcoin to be added to the exchange’s suite of digital assets. “Pump.fun (PUMP) is now live on Coinbase.com and in the Coinbase iOS and Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Pump.fun has gained popularity as a platform that allows users to create and trade original memecoins without the burden of coding.…
An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes more rallies are in store for two meme assets. Pseudonymous trader Bluntz tells his 324,600 followers on the social media platform X that he thinks the memecoin Pudgy Penguins (PENGU) will rise about 66% from current levels before completing a five-wave surge. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally. Says the trader, “PENGU has been a standout leader over the last week, now looking like it’s in quite an obvious wave three to the…