Altcoins
Analyst Predicts ‘Violent’ Rallies for Ethereum-Based Altcoin, Says RWA-Focused Coin a Good Short-Term Play
Published
5 days agoon
By
adminA widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts.
Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH)-based automated staking service Lido DAO (LDO) is gearing up for a steep move up.
The analyst believes that traders will enter long positions on LDO amid speculations that US regulators will approve the staking of ETH held in spot Ethereum exchange-traded funds (ETFs).
“LDO
Probably violent repricing when the filings come in the next couple of weeks… If you believe ETH staking will be approved, then LDO is likely a great bet.
So far, the price seems to be appreciating rapidly and has begun to start to price this in.”
Looking at the trader’s chart, he seems to be targeting $3.612 for LDO. At time of writing, LDO is worth $1.95
Another altcoin on the trader’s radar is Ondo Finance (ONDO), a decentralized finance (DeFi) protocol that aims to tokenize real-world assets (RWAs). Pentoshi says the ONDO Summit 2025 slated for February 6th could fuel short-term rallies for the crypto asset.
“ONDO summit coming up in [10 days].
BlackRock’s chief investment officer will be speaking and they have many connections there that will likely lead to some speculation short-term.
Price could potentially move up leading into the event followed by a sell-off on whatever news it may be. Might be a good short-term play.
One-12 days.”
The trader also highlights that he plans to unload his ONDO stack just before the event.
At time of writing, ONDO is worth $1.29.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
You may like
Grayscale Investments Launches Bitcoin Miners ETF
What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand
Cardano and XRP holders explore new meme coin sensation
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs
TRUMP Price Crashes 13% Despite Donald Trump’s Pump Attempt, What’s Next?
XRP At Critical Juncture As Price Restests 21 EMA
Altcoins
Dogecoin Whales Go Ham As They Buy 560M DOGE In One Week
Published
14 hours agoon
February 2, 2025By
adminDogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This large-scale purchase underscores the renewed interest and growing confidence in Dogecoin’s future potential. As demand surges, crypto community members ponder the reasons behind the massive accumulation and the impact on the price of Dogecoin.
Related Reading
Dogecoin Whales Gobble Up 560 Million Tokens
Dogecoin‘s biggest players are back in action, as reports from crypto analyst Ali Martinez reveal that these deep-pocketed investors, often called “Whales,” have been aggressively adding to their Dogecoin holdings. Whale transactions, typically defined as transfers exceeding $100,000, have risen lately, suggesting strategic accumulation among investors.
Martinez disclosed in his X (formerly Twitter) post on January 31 that Whales have accumulated 560 million DOGE tokens in one week. This significant Whale activity comes after the market experienced a deep selloff, with many investors opting to liquidate their bags for profit due to bearish market conditions.
Following its explosive surge in December, Dogecoin has been struggling to reclaim previous price highs and spark a rally past its ATH of $0.74. The cryptocurrency had risen above $0.4 initially, triggering excitement amongst analysts as multiple bullish predictions spread the market. After this significant price increase, the Dogecoin price declined towards the $0.3 zone and has been attempting to break resistance levels ever since.
Due to bearish pressures and unexpected declines, the market experienced an intense sell off. However, now, Dogecoin whales seem to be diving back into the market with vigor, gobbling up as many DOGE tokens as possible.
Just before Donald Trump’s Presidential inauguration, Martinez reported in another X post that Dogecoin whales had initiated a monumental transaction, acquiring a whopping 1.83 billion DOGE tokens within 48 hours. This massive buying spree has caught the attention of crypto community members, with many pondering the impact of these large-scale transactions.
Notably, a crypto member, Mohd Atif, had commented on the recent rise in whale activity, highlighting that these Dogecoin Whales may possess insights into the meme coin’s future price trajectory, as a surge in accumulation often shows increased confidence in a cryptocurrency’s potential. The crypto member went on to predict that a $1 price leap for Dogecoin, possibly driven by the activities of these large-scale investors.
Analyst Predicts ‘Massive Rally’ For Dogecoin Price
While Dogecoin Whales are buying up more tokens, the price of the meme coin is getting ready for a potentially massive rally. Crypto analyst Trader Tardigrade shared a distinct price chart, highlighting past trends when Dogecoin experienced a rally to new highs.
Related Reading
In 2017, the meme coin skyrocketed to its highest level, experiencing a similar upward surge in 2021 during the previous bull run. With the 2025 bull market already ongoing, Trader Tardigrade believes that the Dogecoin price could have a repeat of historical trends and potentially surge to a new ATH target of $3.8.
Featured image from Pexels, chart from TradingView
Source link
Altcoins
Third Dogecoin ETF Filing Goes Live From Grayscale, Is DOGE Gearing Up For Rally To $1?
Published
22 hours agoon
February 1, 2025By
adminAsset manager Grayscale has become the third to file to offer a Dogecoin ETF, sparking a bullish sentiment in the DOGE community. This development has also raised the possibility of the Dogecoin price rallying to $1 soon enough.
Related Reading
Grayscale’s Dogecoin ETF Filing Sparks Optimism Of DOGE’s Rally To $1
Grayscale’s Dogecoin ETF filing has sparked optimism of a DOGE rally to $1. The New York Stock Exchange already filed the 19b-4 form with the US SEC to list and trade shares of Grayscale’s DOGE Trust. Grayscale is looking to convert the Trust into an ETF, which will make it tradeable on the NYSE.
This Dogecoin ETF filing, which is the third following the one from REX Shares and Bitwise, has further sparked optimism that DOGE could indeed reach the psychological $1 level. A potential Dogecoin ETF is bullish as it would drive institutional inflows into the DOGE ecosystem, sparking further rallies for the foremost meme coin.
Such fundamentals could serve as the catalyst for price predictions made by crypto analysts like Trader Tradigrade, who predicted that DOGE could rally above the $1 mark. In an X post, the crypto analyst remarked that the Dogecoin price is gearing up for a massive rally. His accompanying chart showed that the foremost meme coin could surge past the $1 mark and reach $3.8 when this rally occurs.
News around the Dogecoin ETF could spark a bullish reversal for the Dogecoin price, with this reversal already looking imminent. In another X post, Trader Tardigrade revealed that DOGE’s MACD Golden Cross is approaching. With the ascending triangle pattern and consecutive higher lows, the analyst further remarked that the meme coin could potentially reverse the downtrend into an uptrend.
DOGE’s Uptrend Could Begin This February
In a recent X post, crypto analyst Master Kenobi suggested that Dogecoin’s uptrend could begin this February. This came as the analyst alluded to DOGE’s performance last year. He noted that February 4th marked the first signs of an uptrend. With the month of February here again, Master Kenobi raised the possibility of history repeating itself.
However, it is worth mentioning that February isn’t exactly a historically bullish month for Dogecoin,. Since its launch in 2013, the foremost meme coin has recorded only an average monthly gain of 0.81% in February. However, as these analysts have suggested, there is still the possibility of a DOGE rebound this month, replicating the 50% gain recorded in February last year.
Ahead of this potential Dogecoin price rebound, Dogecoin whales have been actively accumulating. Crypto analyst Ali Martinez revealed that these whales have accumulated 560 million DOGE in the past week, which signals a renewed interest from large holders.
Related Reading
At the time of writing, the Dogecoin price is trading at around $0.32, down almost 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from TradingView
Source link
24/7 Cryptocurrency News
5 Altcoins to Sell Now Before This Monday to Prevent Losses
Published
1 day agoon
February 1, 2025By
adminAfter a market crash in January, altcoins are again experiencing turbulence. Although such turbulence is temporary, mixed investor sentiments significantly affect the performance of digital assets. Moreover, the crypto market is notoriously volatile, which puts pressure on their performance, so it is essential to consider which cryptos to handle and which to sell. In this blog, we will discuss five altcoins to sell before this Monday to avoid potential losses.
5 Altcoins to Sell Now
The Santiment reports revealed the increased buying pressure in the crypto market, where selling sentiments are almost negligible. However, the ongoing market conditions are putting a lot of investors in losses due to increased volatility, which creates the requirement to sell the specific cryptos—especially considering PNUT, TRUMP, JELLY, CHARLES, X, and a few other altcoins to sell due to their poor performance.
1. Peanut the Squirrel (PNUT)
PNUT gained significant attention in 2024 due to the mass coverage of the story of the Peanut squirrel, which got euthanized on the pretext of rabies. Soon, someone created a token on the same, which went viral in the industry. However, due to continuous Peanut the Squirrel controversies and the lack of bullish factors, the PNUT price continues to decline. It is facing a 90% decline from its prime, creating the need to sell before investors lose more.
2. Official TRUMP (TRUMP)
TRUMP meme coin is launched by the current US president, Donald Trump. The Trump token peaked at new highs with this association and gained attention. However, the same is among the top altcoins to sell this week, as its hype ended, resulting in a 70% drop in TRUMP price over two weeks. Moreover, critics have raised concerns about Donald Trump’s involvement with volatile assets. As a result, it is a factor that could influence TRUMP’s price further.
3. Jelly My Jelly (JellyJelly)
The Venmo founder launched the JellyJelly token just a few days ago, which became an instant hit among investors. However, a recent Santiment report identified that the token lacked primary fundamentals or developments before speculating the possibility of pump and dump. Moreover, the JellyJelly price has continuously declined on the charts, making it problematic and crypto to sell.
4. Charles (CHARLES)
The owner of the ADA meme, CHARLES, made a strategic move, sending 90% of the total supply to Cardano founder Charles Hoskinson. This was done to capitalize on the founder’s name. However, Hoskinson burned all ADA meme coins to save investors from this sketchy token falsely associated with his name. The token has already crashed on the chart and may continue to decline due to the burning of 90% of its supply.
5. X Empire
The native token of the popular Telegram mini-game, X Empire, failed to perform in the market. The token has been suffering since its launch and has worsened since then. Its price has declined more than 85% from its peak. With time, the price may continue to decline, as this crypto project has no new upcoming update.
Disclaimer: This blog analyzed some of the altcoins to sell. Although the conclusion is made considering their price performance and investor sentiments, the outcome may vary. The crypto market is filled with uncertainties and changing trends, so investors must do their research.
Final Thoughts
Amid the market volatility, PNUT, X Empire, JellyJelly, TRUMP, and CHARLES have become the top picks for altcoins to sell due to poor performance on the chart. All these crypto tokens exhibit poor performance and face significant events that cater to their decline. Crypto investors could consider these tokens to lose after doing proper research. Meanwhile, they can consider Bitcoin, XRP, and a few other cryptos to buy before Monday due to their incredible performances.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Grayscale Investments Launches Bitcoin Miners ETF
What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand
Cardano and XRP holders explore new meme coin sensation
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs
TRUMP Price Crashes 13% Despite Donald Trump’s Pump Attempt, What’s Next?
XRP At Critical Juncture As Price Restests 21 EMA
Bitcoin and Gold Are the Cleanest Artificial Intelligence Plays, Says Macro Guru Luke Gromen – Here’s Why
Czech National Bank To Assess Bitcoin as Part of Reserve Strategy
ETH Outperforms, Gold hits ATH, Saylor on Forbes cover
How Many Official Trump Coins Are There?
Bitcoin Price (BTC) Sinks as Trump Starts Trade War
Why ETH May Drop Below $3,000 in February 2025
Dogecoin Whales Go Ham As They Buy 560M DOGE In One Week
Historical On-Chain Metric Suggests Bitcoin (BTC) Has More Room To Run, According to Glassnode – Here’s Why
How Bitcoin Empowers Women
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Aptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Crypto’s Big Trump Gamble Is Risky
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
A16z-backed Espresso announces mainnet launch of core product
Xmas Altcoin Rally Insights by BNM Agent I
Blockchain groups challenge new broker reporting rule
Trump’s Coin Is About As Revolutionary As OneCoin
Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight
Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
Will Ethereum Price Fail $3,000 Breakout as Whale Selling Prolongs?
Charles Hoskinson Issues Major Cardano Lace Wallet Update
Spot ETFs Fail To Ignite Bitcoin Growth – Analyst
Trending
- 24/7 Cryptocurrency News3 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- 24/7 Cryptocurrency News3 weeks ago
Aptos Leverages Chainlink To Enhance Scalability and Data Access
- Bitcoin3 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Bitcoin3 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Opinion3 months ago
Crypto’s Big Trump Gamble Is Risky
- Price analysis3 months ago
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
- Blockchain3 months ago
A16z-backed Espresso announces mainnet launch of core product
- Video2 months ago
Xmas Altcoin Rally Insights by BNM Agent I
✓ Share: