Author: Benjamin Lee

A widely followed cryptocurrency analyst and trader is leaning bullish on an altcoin built in the Solana (SOL) ecosystem. The trader, pseudonymously known as Altcoin Sherpa, tells his 243,700 followers on the social media platform X that the utility token of the decentralized bandwidth crypto project Grass (GRASS) is looking “extremely strong” following a 25% rally in just a day that effectively reversed a rout that came amid a crypto market-wide slump. According to the pseudonymous analyst, GRASS is likely to experience a pullback before resuming the rally. Based on Sherpa’s chart on the four-hour time frame, it appears the…

Crypto analyst and trader Ali Martinez is leaning bearish on one large-cap altcoin as he offers his outlook for Bitcoin (BTC) and the native token of the blockchain oracle Chainlink (LINK). Martinez tells his 134,800 followers on the social media platform X that payments altcoin XRP (XRP) could plummet by around 37% from the current level after forming a head-and-shoulders pattern on the daily time frame. A head-and-shoulders is a bearish pattern suggesting that an asset is losing bullish momentum after failing to print new highs with its right shoulder. Source: Ali Martinez/X XRP, the fourth-largest crypto asset by market…

The value of President Donald Trump’s controversial memecoin has cratered following the rollout of the White House’s new tariffs. Official Trump (TRUMP) is trading at $9.03 at time of writing and is down more than 13% in the past 24 hours. Trump signed an executive order on Wednesday that slapped a 10% baseline tariff on all imported goods entering the US, effective April 5th, with the stated goal of protecting domestic manufacturing. He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China. The tariffs rattled global…

A widely followed crypto analyst is identifying what needs to happen for the next altcoin season to ignite. In a new thread, crypto strategist Rekt Capital tells his 543,1000 followers on the social media platform X that altcoin season will start once Bitcoin’s (BTC) Dominance level, or its percentage of the total market capitalization of the sector, starts to fall. According to the trader, the crypto king’s dominance level should start dropping sometime next year after it reaches 71%, though no specific date was mentioned. “‘Will there ever be another Altseason?’ Yes, the next time BTC Dominance collapses, which is…

A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112. “SOL: feels like a generational entry.” Source: Inmortal/X Looking at his chart, the trader suggests SOL is printing a similar pattern from 2021, when SOL dipped more than 60% from its local top before putting up massive gains. SOL is trading for $116 at time of writing, down…

A new decentralized finance (DeFi) trading altcoin is surging after gaining support from the top US-based crypto exchange platform by volume. In a new thread on the social media platform X, Coinbase says it’s adding the DeFi token Definitive Finance (EDGE) to its suite of digital asset products with an experimental label, causing the altcoin to skyrocket. Coinbase’s experimental label designates assets as having higher volatility and lower trading volume compared to other products offered by the firm. News of the addition sent EDGE flying, as the token went from an April 2nd low of $0.0274 to a peak of…

A prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In a new thread on the social media platform X, crypto billionaire and Tron (TRX) founder Justin Sun urged his followers to “take immediate action” to protect any assets they held in FDUSD, a stablecoin managed by First Digital Trust (FDT). Sun also called for regulators to step in and take action to prevent further losses and save Hong Kong’s reputation as a financial power. “First Digital Trust (FDT) is effectively insolvent and unable to fulfill client fund redemptions.…

The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market. In a new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will boost the US stock market the same way stablecoins are helping establish the dominance of the US dollar. “Tokenization of securities, which we’re very excited about, allows you to have ownership in companies… Stablecoins are viewed rightly as an area that could increase demand among individuals overseas as governments become prone to diversifying away from holding treasuries.…

Coinbase CEO Brian Armstrong says the US economy would benefit if Congress adopts stablecoin legislation that allows users to earn on-chain interest. In a new post on the social media platform X, Armstrong says dollar-backed stablecoins are growing in popularity and could yield increased benefits for users as well as the US with changes to the law. As US lawmakers debate stablecoin legislation, Armstrong says the government should legalize on-chain interest for users. “Stablecoins have already found product market fit by digitizing the dollar and other fiat currencies, but we haven’t unlocked a critical piece of the puzzle for the…

Investor Chris Burniske says the recent controversies surrounding memecoin launches have created an ideal opportunity for traditional financial (TradFi) firms to penetrate the crypto market. The venture capitalist tells his 324,400 followers on the social media platform X that TradFi firms are about to launch crypto-focused products and tokens and show the industry how to effectively raise and preserve capital. According to Burniske, memecoin launches are notoriously bad at capital preservation, which is the total opposite of how TradFi firms operate. “Don’t despair that our worthless memecoins were bad at capital formation, the entire world of capital formation is coming…