A closely followed crypto analyst believes top memecoin Dogecoin ( DOGE ) is gearing up to unleash another parabolic rally. Crypto strategist Ali Martinez tells his 103,200 followers on the social media platform X that Dogecoin may be following in the footsteps of its 2017 and 2021 market cycles when the memecoin ignited a meteoric ascent after witnessing a severe correction. “In 2017, when Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%. Now, in 2024, DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way!” Source: Ali Martinez/X Looking at the trader’s chart, it seems that he predicts Dogecoin will soar above $1 if his parabolic rally materializes. Zooming in, Martinez says DOGE is flashing a bullish signal on the daily chart based on the Tom DeMark (TD) Sequential Indicator. 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. “The TD Sequential presents a buy signal on the Dogecoin DOGE daily chart, anticipating a price rebound!” Source: Ali Martinez/X At time of writing, DOGE is worth $0.32. Turning to Bitcoin ( BTC ), the trader says that the crypto king may be mirroring its early 2024 price action when it breached an immediate support level before triggering new rallies. “Throw it back! Bitcoin BTC.” Source: Ali Martinez/X Based on the trader’s chart, he seems to predict that Bitcoin will briefly dip below $90,000 if it follows the early 2024 pattern. At time of writing, Bitcoin is worth $94,133. 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 The post Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook appeared first on The Daily Hodl .
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AI predicts Polygon price as Aave threats to leave the blockchain
Polygon (POL, formerly MATIC ) is going through a significant crisis as the AaveDAO is set to vote on a proposal to leave the blockchain due to security concerns. Finbold turned to artificial intelligence (AI) to analyze this context and provide a Polygon price prediction if this comes true. Finbold covered Polygon-Aave drama last week, as POL’s price reacted negatively to Aave’s ( AAVE ) response to the $1 billion-bridge proposal. At that time, Polygon was trading at $0.594, down 38.65% year-to-date. Why is Aave DAO considering leaving the Polygon blockchain In summary, Allez Labs, along with Morpho and Yearn, proposed transferring about $1.3 billion of the Polygon-Ethereum bridge to their protocols for liquidity supply and yield generation. Many decentralized finance ( DeFi ) users and analysts expressed concern to this proposal, including relevant leadership from Aave, the world’s leading DeFi protocol and competitor of the proponents. As a result, Marc Zeller and EzR3aL, two of the most influential figures on Aave’s governance’s decentralized autonomous organization (DAO) said they plan to support Aave protocol leaving the Polygon blockchain due to security concerns in a vote expected to happen in January 2025. This could be a significant hit for Polygon price and ecosystem, considering Aave represents around 40% of Polygon’s presence in DeFi, according to a DL News’ s report on December 26. Meanwhile, Polygon accounts for only 1.5% of Aave revenue, an argument Zeller used to justify his position. “Polygon is 1.5% of Aave DAO revenue,” Marc Zeller commented in a related thread. “In what world do we risk a billion of bad debt for this?” Grok AI’s POL price prediction amid Polygon-Aave drama As of this writing, POL (formerly MATIC) is trading at $0.485, down nearly 50% year-to-date. This also represents an 18% drop from when we reported Polygon-Aave’s drama for the first time on December 17. Polygon (POL, formerly MATIC) 2024 price chart. Source: Finbold Grok AI: Polygon price bearish prediction First, Grok AI believes the immediate response to Aave leaving Polygon would be bearish for POL’s price, predicting a crash. This, according to xAI’s model— paralleled to Google —could create a sell-off driving Polygon to as low as $0.30. “The loss of such a major player could shake investor confidence, leading to a sell-off. Given POL’s already negative performance year-to-date as of late 2024, an additional drop might push the price below current levels, potentially testing lower support levels like $0.30 or even lower if market sentiment turns very bearish.” – Grok AI output on the Polygon-Aave drama The AI expects a bounce up after testing the price support. Nevertheless, Grok doubles down on the bearish stance, saying Polygon will hardly surpass $0.50 in 2025. Grok AI analyzing Polygon implication if Aave DAO votes to leave. Source: Grok / Finbold The bullish case On the other hand, Grok also considers a potential upside, with a bullish price prediction for Polygon in 2025. For that to happen, the AI says Polygon’s leadership must be able to deal with the ongoing crisis and loss of confidence from investors, besides delivering a solid work next year, capable of attracting significant demand for its ecosystem. “If Polygon adapts and grows despite this setback, predictions could range from $0.63 to $1.91 by the end of 2025, as suggested by some analyses, assuming market conditions remain favorable for altcoins.” – Grok AI Grok AI Bearish and Bullish price prediction for Polygon. Source: Grok / Finbold As things develop, investors must understand the security risks using bridged assets could incur to the ecosystem and closely watch what happens next regarding AaveDAO’s decision. Polygon Labs CEO, Marc Boiron, already said that “A world in which Aave leaves is not one that I want.” Featured image from Shutterstock. The post AI predicts Polygon price as Aave threats to leave the blockchain appeared first on Finbold . The Daily Hodl
Best Crypto Coins To Invest In | Top 6 Cryptocurrencies Whales Are Buying For The Bull Run
Internet Computer (ICP), Filecoin (FIL), Injective (INJ), Optimism (OP), Aave (AAVE), and newcomer JetBolt (JBOLT) are among the top picks of whales for the best crypto coins to buy for the bull run. ICP is reshaping web hosting, Filecoin is transforming data storage, and Injective is advancing cross-chain finance. Optimism drives Ethereum scalability, and Aave leads in DeFi. Among these top 6 cryptocurrencies, JetBolt is emerging as a standout, having already sold over 200 million tokens in its presale. This surge is partly fueled by whale interest in its groundbreaking zero-gas ecosystem that also features social staking, strong utility, and other Web3 innovations. Could Internet Computer, Filecoin, Injective, Optimism, Aave, and JetBolt explode in 2025? Let’s dive deeper. Best Crypto Coins To Invest In: Choice Highlights JetBolt (JBOLT) : A next-gen altcoin combining zero-gas technology, social staking, and an strong utility for a streamlined blockchain experience. Internet Computer (ICP): A blockchain platform revolutionizing the internet with decentralized web hosting and apps. Filecoin (FIL): Decentralized storage network providing secure, cost-effective alternatives to cloud storage. Injective (INJ): Interoperable blockchain enabling advanced financial applications and cross-chain AI integration. Optimism (OP): Ethereum scaling solution enhancing transaction speed and reducing fees with rollups. Aave (AAVE): Leading DeFi protocol for lending and borrowing cryptocurrencies, offering liquidity features. Top 6 Cryptocurrencies Whales Are Buying For The Bull Run: Under The Surface 1. JetBolt (JBOLT) JetBolt is quickly establishing itself as a must-watch cryptocurrency, capturing significant attention from whales during the buildup to the anticipated bull run. Built on the Skale blockchain, JetBolt introduces transformative features that not only simplify blockchain interactions but also broaden the potential for decentralized applications. One of JetBolt’s standout technologies is its zero-gas-fee model. By eliminating gas fees, JetBolt addresses one of the most persistent challenges in blockchain usage, making transactions gas-free for users. This innovation significantly lowers the barrier to entry for developers building decentralized applications (dApps) and for users exploring Web3, offering a practical edge in the competitive crypto landscape. JetBolt also comes with an integrated Web3 wallet designed for seamless usability. Featuring advanced authentication options like WebAuthN and biometric login, the wallet provides both security and convenience, particularly for users new to cryptocurrency. This tool complements JetBolt’s focus on accessibility, helping make blockchain interactions intuitive and accessible. Another compelling feature is JetBolt’s SocialFi staking system. Users are rewarded for staking JBOLT tokens and connecting with friends within the ecosystem. With over 200 million tokens sold in its presale, JetBolt’s surge in popularity is hard to ignore. The presale features token prices that rise daily and Alpha Boxes offering bonus tokens for bulk purchases. Such a structure adds an extra layer of excitement, drawing in crypto whales looking for the next game-changing cryptocurrency. 2. Internet Computer (ICP) Internet Computer eliminates the need for traditional cloud infrastructure by offering scalability and security for developers building web applications. Currently trading at $10.84, ICP has seen a 12.81% increase in value over the past year. Technical patterns, such as a breakout above the $11.50 resistance level, indicate potential for upward momentum. 3. Filecoin (FIL) Filecoin provides a decentralized alternative to traditional cloud storage by enabling individuals to rent out unused storage space on their devices. With mechanisms like proof-of-replication and proof-of-space-time, Filecoin ensures data integrity and security, making it appealing to developers and institutions alike. 4. Injective (INJ) Injective supports auto-executing smart contracts, enabling seamless financial transactions and trading protocols. Recent integrations, such as a fiat-to-crypto gateway with Mercado Bitcoin in Brazil, have expanded INJ’s reach, driving adoption among 3 million users. 5. Optimism (OP) Optimism is a scaling solution built to enhance Ethereum’s throughput while maintaining its security. Through optimistic rollups, Optimism bundles transactions into efficient batches, reducing transaction costs and processing times for Ethereum-based dApps. 6. Aave (AAVE) Aave is a leading DeFi protocol that allows users to lend and borrow cryptocurrencies without intermediaries. Recently, AAVE’s price experienced a 220% year-to-date increase, nearing matching its three-year high. Positive momentum indicators such as Chaikin Money Flow and high liquidity contribute to Aave’s prominence in the DeFi sector. Chart of AAVE’s Chaikin Money Flow (Source: TradingView) FAQs: What are the best crypto coins to invest in? Whale activity often provides valuable insights into market trends. Whales are buying these crypto coins for the bull run, and, thus, these 6 cryptocurrencies are worth watching: Internet Computer Injective JetBolt Optimism Filecoin Aave Keep in mind that the cryptocurrency market is highly unpredictable and carries significant risks, so conduct extensive research or consult a financial advisor before investing. Which coins are whales buying? As whales anticipate a bull run, they are closely eyeing established projects like Internet Computer, Filecoin, Injective, Optimism, and Aave, which showcase unique strengths, from blockchain scalability to decentralized finance. And then there’s JetBolt’s groundbreaking features—zero-gas technology, SocialFi staking, and user-friendly tools—that are likewise drawing whales in droves. Key Takeaways: The Top 6 Cryptocurrencies Whales Are Buying For The Bull Run Whales are showing interest in a mix of innovative and utility-driven cryptocurrencies. Internet Computer and Filecoin stand out for their roles in decentralizing data and web hosting, while Injective and Optimism drive blockchain scalability and finance accessibility. Aave’s dominance in the DeFi space reinforces its appeal, but JetBolt is stealing the spotlight. As the bull run gains momentum, JetBolt’s advanced features and rapid adoption position it as a standout in the space. Are you eager to learn more about JetBolt, the new hot crypto coin? Visit the official JetBolt website today for additional details. The content of this article is not intended as financial advice. Do your own research and understand your risk tolerance before investing in crypto coins. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Daily Hodl