Author: Benjamin Lee
A closely followed crypto trader says he’s looking to scoop up more of a Solana (SOL)-based memecoin amid the market correction. The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform X that he’s got his eye on Fartcoin (FARTCOIN), a memecoin that was created by an anonymous developer referencing the “ideal memecoin” suggested by the artificial intelligence (AI) large language model Truth Terminal. Altcoin Sherpa says he’s looking to accumulate FARTCOIN even if it drops to as low as $0.65. “I’m filling a bit around $0.80ish, approaching my buys. Total buys = some…
Multiple small cap cryptocurrencies are witnessing notable price gains as profit taking cools for the major coins. Zerebro and Goateus Maximus rank as two of the biggest daily gainers as Bitcoin regains support above $94k. As traders eye potential bullish momentum in the coming months, what’s the price prediction for AI agent token iDEGEN? Will it explode to surpass sector rivals ai16z, ZEREBRO and GOAT? Is the outlook for Bitcoin key? What next for Bitcoin and altcoins? The overall sentiment remains bullish, but immediate action for most altcoins is slightly bearish. Analysts looking at Bitcoin and the altcoin market suggest…
An under-the-radar project focused on artificial intelligence (AI) is defying the crypto market downturn as tokenomic upgrade plans begin to take shape. The utility token for the AI agent project ai16z (AI16Z) is trading for $1.52 at time of writing, up 23.7% in the past 24 hours. With a market cap of $1.65 billion, the Solana (SOL)-based altcoin is the 79th-largest crypto project. Meanwhile, Bitcoin (BTC) is down nearly 2% on the day, trading for $91,998 at time of writing. The entire crypto market cap is valued at $3.36 trillion at time of writing, down 3.4% in the last 24…
Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that “quality alts” are down significantly, opportunities for the crypto bulls are abound. “Loving where the market is right now. BTC is making PTSD (post-traumatic stress disorder) people fear a precipice when it’s already filled the liquidation wick and fell as far as ~15% from its…
A popular analyst says crypto market participants are overlooking a payments-focused altcoin that has been performing well over the past few months. The crypto strategist pseudonymously known as Altcoin Sherpa tells his 236,400 followers on the social media platform X that he believes XRP will print record highs before the market cycle comes to a close. But for now, the trader uses Fibonacci retracement levels to map out a decent support area for XRP bulls. “XRP will continue to be under-owned and slept on by crypto natives. I still think $2 is a reasonable buy and that this will break…
A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly facing a lawsuit for allegedly misappropriating the income earned from his former wife’s crypto holdings. Bloomberg reports that Elisa Rossi has filed a complaint with the San Francisco Superior Court accusing her ex-husband Stephen Akridge of stealing millions of dollars worth of staking rewards gained from her Solana tokens. Staking rewards are similar to interest earned from a bank deposit. Crypto holders who participate in the staking process lock their assets for a certain period to validate blockchain transactions and earn more tokens as a reward. The complaint says the…
A closely followed crypto analyst is predicting where the price of Bitcoin (BTC) and Solana (SOL) will peak during the current market cycle. In a new video update, the host of InvestAnswers tells his 552,000 YouTube subscribers that he’s expecting the top crypto asset by market cap to soar by at least 43% from current levels before the bull market expires. “I’ve upped my Bitcoin price target to $136,000 from $120,000 with a super bull target of $154,000… Bitcoin is a peculiar animal – it’s all based on demand and supply. If the demand continues as it does, yes, these…
Macro guru Raoul Pal says that despite XRP looking very strong, one Solana (SOL) killer is set to outperform it. In a new strategy session, Pal takes a look at Sui against XRP (SUI/XRP) and suggests that the trading pair is in a long-term ascending channel and has already touched the bottom range, implying that a move to the upper level is now in play. “Another interesting chart that I quite like is XRP [which] has been super strong, but really, what we’ve seen is the upward trend of SUI outperformance. We hit the bottom of the trend channel and…
A popular crypto analyst says one technical signal suggests that top meme token Dogecoin (DOGE) could be primed for a bounce. Ali Martinez tells his 104,600 followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator presented a bullish signal for DOGE. “The TD Sequential presents a buy signal on the Dogecoin DOGE four-hour chart, anticipating a price rebound!” Source: Ali Martinez/X Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. Martinez also notes that Dogecoin whales bought more than…
Analytics firm Glassnode says Solana’s (SOL) momentum on the monthly time frame is waning in comparison to Bitcoin (BTC) and Ethereum (ETH). On the social media platform X, Glassnode examines the Realized Cap metric, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss. The firm points out the monthly percent change in realized cap for each of the three assets. “This metric acts as an indicator of the rate and direction of capital inflows or outflows for these assets. During the recent market downtrend,…