Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

‘Hot Air Rises’: Crypto Trader Says Solana-Based Memecoin That’s Up 220%+ in a Month Primed To Go Much Higher

A closely followed crypto analyst believes one Solana ( SOL )-based meme token is gearing up for further swings to the upside. Pseudonymous trader Altcoin Sherpa tells his 244,000 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin ( FARTCOIN ) will likely break through the $1 resistance level after putting up massive gains in the past month. However, he says the meme asset may first return to the .382 Fibonacci retracement level at $0.70. Fibonacci retracement levels are used in technical analysis for determining an asset’s support and resistance levels. “Don’t have much of an opinion on Fartcoin at current level; would probably wait to buy on a break of $1 or at $0.70. Still think this one goes much higher later but not sure in the short term. Regardless, hot air rises and this is the meme of the cycle in my opinion.” Source: Altcoin Sherpa/X Fartcoin is trading for $0.871 at time of writing, up 220% from March 18th when the token was valued at $0.267. Next up, the analyst says that Popcat ( POPCAT ), another SOL-based memecoin, may continue declining until hitting the Fibonacci retracement level around $0.23 before reversing course and skyrocketing. “POPCAT hoping to grab an entry at the $0.23 region, let’s see if it comes. Might scalp before then though.” Source: Altcoin Sherpa/X Popcat is trading for $0.24 at time of writing, down 6.9% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action 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: DALLE3 The post ‘Hot Air Rises’: Crypto Trader Says Solana-Based Memecoin That’s Up 220%+ in a Month Primed To Go Much Higher appeared first on The Daily Hodl . crypto.news

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DeFiance Capital Founder Compares Altcoin Market to a ‘Lemon’s Market’

As anticipation builds for a potential altcoin season, investor sentiment remains conflicted amid growing concerns over the quality and transparency of many newly listed tokens. While some traders are positioning for an upside in smaller-cap digital assets, skepticism is mounting around the increasing number of questionable altcoins appearing on centralized exchanges. These tokens, often backed by little more than hype or obscure teams, are raising red flags across the industry. Altcoin Market Quality Declining DeFiance Capital founder Arthur Cheong, for one, has raised serious concerns about the transparency of the liquid crypto market in a recent tweet. He highlighted what he sees as the growing problem of undisclosed collaboration between crypto projects and market makers, which may result in artificially sustained token prices. In a recent tweet , Cheong warned that this lack of transparency makes it difficult to distinguish between organic market activity and price manipulation. He also criticized centralized exchanges (CEXs) for ignoring these practices, which he believes are eroding trust in the altcoin market. Cheong even said that the current landscape is similar to a “lemon’s market,” where investor confidence is rapidly declining. Additionally, he pointed out that most token generation event (TGE) listings this year have seen prices collapse by 70-90% shortly after launch, which has left investors with massive losses. He called for major industry players to take action and warned that without reform, a significant portion of the market would remain uninvestable. MANTRA’s OM Token Controversy The founder’s comments come at a time as MANTRA’s OM token experienced a sharp decline, losing over 90% of its value in just a span of an hour on April 14th. The event reignited fears of insider trading and tokenomics manipulation. The exchange highlighted major alterations to OM’s tokenomics since October 2024 and flagged unusual trading activity from related wallet addresses dating back to March. The OM token crash adds to a growing list of failed or troubled crypto assets, a trend that has only intensified over the past decade. According to crypto wallet provider Tangem , from 2013 to 2025, over 12,000 cryptocurrencies have failed, while a total of 12,383 coins have become defunct. The main causes behind these failures range from low trading activity and project abandonment to scams and failed ICOs. The post DeFiance Capital Founder Compares Altcoin Market to a ‘Lemon’s Market’ appeared first on CryptoPotato . crypto.news