Altcoins
Crypto Strategist Says One Catalyst Could Enable Massive Influx of Money Into Altcoins, Set Off Major Rallies
Published
1 month agoon
By
adminA closely followed crypto analyst says one catalyst could send the altcoin market soaring for months.
The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.”
“Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.”
According to the trader, ETH needs to break through $4,000 to ignite massive altcoin rallies.
“It’s weekly closes and successful retests [at the $4,000 level] that have enabled moves to essentially new all-time highs. So $4,500 would occur once we actually managed a weekly close inside here and retest this [$4,000 level] as support. That would enable a revisit of old all-time highs, and probably upon breaking $4,500, rally into essentially new all-time highs and price discovery.”
Ethereum is trading for $3,595 at time of writing.
He also shares an OTHERS chart, which depicts the total crypto market cap excluding the top ten coins to gauge altcoin market strength, and suggests that alts may surge like they did in 2021.
“Now we’re seeing a weekly close and retest here, and a successful retest here would enable upside from $315 billion to $425 billion…
When we weekly closed and retested this region [in 2021], we saw expansion in altcoin market cap to new all-time highs, essentially…
If we’re able to hold here for a few weeks, that would enable a move into $425 billion.”
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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.
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Altcoins
Ripple President Says 2025 Will Be a Big Year for Crypto, Predicts More Spot ETFs Will Be Launched – Here’s Why
Published
5 hours agoon
January 9, 2025By
adminRipple president Monica Long thinks additional crypto exchange-traded fund (ETF) approvals will usher in another big year for digital assets in 2025.
Long predicts in a new interview with Bloomberg Crypto that “various crypto spot ETFs” will receive a seal of approval in the US this year.
The Ripple president also says payments-focused altcoin XRP is “likely to be the next in line” in terms of ETF approvals.
Multiple ETF providers filed Form S-1 registration statements for XRP ETFs with the Securities and Exchange Commission (SEC) last year, including Bitwise Asset Management, 21Shares, Canary Capital and WisdomTree.
The SEC greenlit the first spot market Bitcoin (BTC) ETFs last January, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum (ETH) ETFs for trading in July.
Long predicts the approvals on those newer XRP filings will accelerate due to President-elect Donald Trump’s election victory and the upcoming change of leadership at the SEC.
XRP is trading at $2.36 at time of writing, a marginal increase in the last 24 hours.
The Ripple president also forecasts big things for the stablecoin market.
“The stablecoin market today is you know more than $150 billion for US dollar stablecoins, and it’s projected to grow to $3+ trillion over the next few years, so this is a market that is exploding.”
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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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Altcoins
Trader Forecasts Q1 Surges for Ethereum (ETH), Says ‘Mega Pump’ Incoming for One Crypto Sector
Published
4 days agoon
January 6, 2025By
adminA crypto strategist and trader is laying out his predictions for the digital asset market for the first few months of the year, including his Q1 outlook for Ethereum (ETH).
The analyst pseudonymously known as Inmortal tells his 222,400 followers on the social media platform X that he thinks Ethereum is gearing up for rallies this quarter.
The trader believes that ETH is about to follow in the footsteps of its Q1 2024 price action.
“ETH about to have a good Q1.”‘
Looking at the trader’s chart, he seems to predict that ETH will hit a new all-time high of $5,300 by March. At time of writing, ETH is worth $3,646.
He also thinks old altcoins and artificial intelligence (AI)-focused projects will ignite rallies in the next three months.
“In Q1:
1. ETH outperforms.
2. SOL go +$300
3. AI coins mega-pump
4. Memes underperform
5. Dino coins have a good run.”
While the analyst believes memecoins will not see huge rallies in Q1 of this year, he says that Floki (FLOKI) will be an exception.
“High conviction on the memecoin leader.
FLOKI.”
Based on the trader’s chart, he appears to suggest that FLOKI is mirroring Pepe’s (PEPE) late 2023 to early 2024 price action when the Ethereum-based memecoin went parabolic after months of sideways movement. The trader seems to predict that FLOKI will hit a new all-time high of $0.0005 before the end of Q1.
At time of writing, FLOKI is trading at $0.00019.
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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.
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