Author: Benjamin Lee
A widely followed crypto strategist thinks several fundamental factors are conspiring to send the layer-1 protocol Hyperliquid (HYPE) to much higher valuations. Pseudonymous analyst Flood tells his 255,500 followers on the social media platform X that he’s bullish on the decentralized exchange even after HYPE printed a new all-time high of $39.68 yesterday. According to the analyst, HYPE is “still cheap” when you take into account the platform’s growth trajectory in the decentralized exchange space. “Why do you still get paid on buying HYPE at $39: – Lots of normies unable to buy, these people cannot figure out how to…
A widely followed crypto analyst says that meme asset Dogecoin (DOGE) is facing a crucial turning point while updating his outlook on a handful of other altcoins. In a new thread, crypto trader Ali Martinez tells his 138,500 followers on the social media platform X that resistance around the $0.26 level is key for the dog-themed digital asset. The trader shares a chart suggesting that $0.26 is a price area that appears to be a trend shift level for DOGE. “This level remains the most important resistance wall for Dogecoin.” Source: Ali Martinez/X Dogecoin is trading for $0.22 at time…
Tether chief executive Paolo Ardoino reportedly says that the stablecoin issuer will stay focused on foreign markets as a stablecoin regulatory bill works through Congress. According to a new report by Bloomberg, Ardoino says that even though the Genius Act, an industry-backed bill to regulate dollar-pegged crypto assets in the US, is making its way through Congress, Tether will remain focused overseas. “It is important for us to see how the Genius Act is distinguishing between foreign issuers and domestic issuers. For us, the main interest will remain outside of the US. We are looking at the Genius Act in…
An analyst who has earned the Master Trader rank on the crypto exchange Bybit believes that Ethereum (ETH) is gearing up for new upside bursts. Pseudonymous analyst Bluntz tells his 318,700 followers on the social media platform X that Ethereum appears to be in the midst of a five-wave rally on the four-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge before going through a correction. The analyst predicts that Ethereum will still hit his upside target of $3,500 even though President Trump’s latest tariff threats are weighing down…
The decentralized oracle network Chainlink (LINK) continues to dominate crypto’s real-world asset (RWA) sector in terms of development activity, according to the analytics firm Santiment. Santiment notes in a new post on the social media platform X that Chainlink registered 532.43 notable GitHub events in the past 30 days. The figure far exceeds the second-ranked RWA project, the layer-1 blockchain Avalanche (AVAX), which clocked 290.87 GitHub events. The peer-to-peer payments project Stellar (XLM) was third, with 240.7. Chainlink has occupied the top spot on Santiment’s list all year, often clocking multiple times the number of GitHub events as the second-ranked…
The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x…
An analyst known for making timely crypto calls believes that altcoins may have now entered a massive uptrend after Bitcoin (BTC) hit new all-time highs this week. Pseudonymous analyst Bluntz tells his 306,000 followers on the social media platform X that altcoins may start outperforming Bitcoin as the digital assets are suddenly flashing bullish. “Looking increasingly like a full-blown altseason has started. Trying not to get too ahead of myself, but all signs are pointing that way for now.” Looking at Dogecoin (DOGE), the analyst says the top memecoin is on the verge of printing a massive breakout rally, also…
Galaxy Digital chief executive Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will eventually catch up to the valuation of one soaring asset. In a new CNBC interview, the billionaire says that crypto’s correction earlier this year is largely due to an overexuberant investor sentiment along with the launch of speculative assets, including the Official Trump (TRUMP) memecoin. But Novogratz notes that the markets needed the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs. “We had a euphoric top right around [Trump’s] inauguration and a combination of…
A closely followed crypto analyst is predicting Ethereum’s (ETH) path to all-time highs, as well as updating his outlook on two other big altcoins. Trader Michaël van de Poppe tells his 786,500 followers on the social media platform X that he’s expecting ETH to start making a run to $4,800 with anything below the $2,400 level a bargain for bulls. “Anything sub $2,400 on ETH is, after this big move upwards, a steal before we’ll start to run of towards the ATH’s (all-time highs) for Ethereum.” Source: Michael van de Poppe/X At time of writing, ETH is trading at $2,387,…
A crypto strategist who nailed the Bitcoin top in January is warning that BTC’s recovery rally may witness an abrupt end. Pseudonymous analyst Bluntz tells his 318,200 followers on the social media platform X that Bitcoin appears to be forming a bearish divergence on the daily chart. The bearish reversal signal suggests that bullish momentum is waning even though an asset’s price is moving higher or sideways. Says Bluntz, “There’s a daily BTC bear div brewing here if it closes red by [today]. It’s unfortunate that it has appeared before fresh all-time highs, but it’s the first one since last…