Author: Benjamin Lee
A popular crypto analyst is still optimistic about a new memecoin that’s already up nearly 50x in less than three months. The pseudonymous trader known as Altcoin Sherpa says that he thinks the Solana (SOL)-based memecoin Fartcoin (FARTCOIN) will still go up, but he notes that he has some concerns. “I decided to lower my size on this one yesterday and am going to be patient with Fartcoin from here on out. I still think it’s an amazing meme and it’s going to go much higher but I would like to see it chop around more and make sure it…
A widely followed crypto analyst says that one crypto sector appears as if it’s going to outpace the others in the coming days. In a new thread on Telegram, pseudonymous crypto trader Crypto Capo tells his audience on Telegram that the artificial intelligence (AI) sector will continue outperforming the rest of the digital assets industry. According to Capo, the price actions of decentralized cloud computing platform Phala Network (PHA) hint at a breakout for AI cryptocurrencies, leading him to accumulate under-the-radar AI-based tokens, such as Phoenix (PHB) and Streamr (DATA). “Phenomenal performance of PHA, which could be a leading indicator…
The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance on the matter. Kwon was initially arrested in March of 2023 in the Balkan nation after being caught attempting to board a flight to the United Arab Emirates with a fake Costa Rican passport. He had been evading authorities since the crash of Terra and…
Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one Solana (SOL) competitor while offering his analysis on XRP and Chainlink (LINK). Starting with Sei (SEI), Van de Poppe tells his 759,100 followers on the social media platform X that the Solana rival is “looking juicy” at the current level. According to the widely followed analyst and trader, SEI could rally by around 74% from the current price. “Against Bitcoin, currently on a cycle low. Ecosystem expands, which means that there’s a lot to gain from this. I expect that we’re seeing a final correction into this…
The CEO of digital asset analytics firm CryptoQuant is showing proof that demand for Tether (USDT) remains strong even as the largest stablecoin by market cap faces mass delisting. European crypto exchanges are pulling the plug on the dollar-pegged crypto asset to comply with the requirements of the Markets in Crypto Assets (MiCA) regulation that took effect on December 30th. Under the MiCA regulation, stablecoin issuers operating in the European Union (EU) need to obtain certain licenses to operate in the region, but Tether failed to meet this requirement. Data from CoinMarketCap shows that USDT’s market capitalization dropped from $140.5…
Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls. Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO, which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the $0.40 range. After a correction, the trader says that ZEREBRO will be “very strong” in the future. “$0.50 is still resistance and I expect some sort of pullback between here and low $0.60s but I still think this is going to be a very strong…
Monthly trading volume on decentralized exchanges (DEXes) has reached new all-time highs, according to the latest on-chain data. According to blockchain data aggregator DefiLlama, DEX volume for December was $422 billion, the highest ever on record. The month of November was also an all-time high, according to DefiLlama. Source: DefiLlama Uniswap, Ethereum’s (ETH) biggest DEX, recorded the most amount of volume while Raydium (RAY), the largest DEX on Solana, placed second. Most other chains saw an increase in volume, and DeFI as a sector is growing, perhaps getting a boost from President-elect Donald Trump who has ostensibly given a nod…
A frog-themed memecoin is up massively after billionaire Elon Musk changed his username on the social media platform X. According to Musk’s X profile, his name has been changed to “Kekius Maximus,” a vague reference to the frog-headed Egyptian god Kek, whose name has been used to convey laughter by gamers and internet users. Kek has also been associated with Pepe the Frog, a cartoon character who inspired the $8.1 billion market cap memecoin PEPE. The Tesla CEO’s abrupt name change led to a staggering surge for Kekius Maximus (KEKIUS), an Ethereum-based frog-themed altcoin, which skyrocketed by over 32,000%, going…
A popular crypto analyst says that meme asset Dogecoin (DOGE) could surge by quadruple digits percentage-wise for one key reason. Crypto trader Ali Martinez tells his 106,500 followers on the social media platform X that if DOGE follows a historic price pattern, the memecoin could surge to $17.76. “Dogecoin could rally by another 6,770% if it continues to follow the ascending parallel channel pattern!” Source: Ali Martinez/X An ascending parallel channel pattern is a bullish structure indicating that an asset is in an uptrend, printing higher highs and higher lows. DOGE is trading for $0.31 at time of writing, up…
A popular crypto analyst is still bullish on a memecoin that’s already ripped by more than 4,000% in two months. The pseudonymous trader known as Altcoin Sherpa tells his 236,500 followers on the social media platform X that he’s still accumulating the Solana (SOL)-based memecoin Fartcoin (FARTCOIN). “I’m filling a bit around $0.80ish, approaching my buys. Total buys = some at $1, more at $0.80, and I also moved some other buys to $0.65 in case they come. I want my average to be around $0.80 or lower though. Still think this is a good meme and I’m hopeful it…