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.

Trader Says One Top-50 Altcoin Could Explode 500% This Year, Updates Outlook on Bitcoin and Ethereum

Analyst and trader Michaël van de Poppe is flipping bullish on one layer-1 protocol following a massive correction. Van de Poppe tells his 772,700 followers on the social media platform X that NEAR , the native cryptocurrency of Near Protocol, could surge to $20 within months, a 500% increase from its current value. “Pretty ideal spot for NEAR. It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-$20 in the next three-six months.” Source: Michaël van de Poppe/X NEAR is trading for $3.33 at time of writing, up 5.6% in the last 24 hours. Next up, the analyst says Bitcoin ( BTC ) may trade sideways until it can break through the resistance level at its all-time high of around $108,000. “Anyways, Bitcoin stuck in the range, the real inflection will occur once it breaks ATH. For now, just consolidation before the next leg up.” Source: Michaël van de Poppe/X Bitcoin is trading for $97,787 at time of writing, up 1.1% in the last 24 hours. Lastly, the analyst says that Ethereum ( ETH ) may be forming a bullish divergence on the weekly chart against Bitcoin (ETH/BTC). A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “Next week is going to be a massive week for ETH. If this closes in such a wick and next week ETH goes back above 0.03, the bullish divergence is valid.” ETH/BTC is trading for 0.02753 BTC ($2,692) at time of writing, down 1.82% in the last 24 hours. 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: DALLE3 The post Trader Says One Top-50 Altcoin Could Explode 500% This Year, Updates Outlook on Bitcoin and Ethereum appeared first on The Daily Hodl . CoinOtag

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$735,000 To Be Handed Out After Billion-Dollar Firm Allegedly Froze Bank Accounts, Forced Customers To Pay ‘Outrageous’ Fees

A billion-dollar fintech firm is preparing to send a total of $735,000 to tens of thousands of customers in a major settlement with regulators. New York Attorney General Letitia James says she’s secured more than $1 million from Netspend. The AG’s office says the firm, which provides reloadable debit cards and payroll cards, violated numerous consumer protection laws and charged “outrageous” interest rate fees, hurting predominately low-income New Yorkers. “For years, the company illegally froze its customers’ accounts and turned over their funds, which should have been protected, to debt collectors instead. Netspend also charged illegal fees on its debit and payroll cards that cost customers hundreds of thousands of dollars, and operated a paycheck advance program that charged customers illegally high interest rates.” The firm has agreed to distribute the $735,000 and change its policies to comply with New York’s consumer protection laws. The firm will also pay over $350,000 in penalties directly to the state. People with active debit or payroll accounts at Netspend will have their accounts credited for restitution, and anyone without active accounts is expected to receive checks in the mail directly from the company. Netspend’s consumer business was acquired by Rêv Worldwide and Searchlight Capital Partners for $1 billion in 2023, and they operate the firm under a new parent company called Ouro. 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 $735,000 To Be Handed Out After Billion-Dollar Firm Allegedly Froze Bank Accounts, Forced Customers To Pay ‘Outrageous’ Fees appeared first on The Daily Hodl . CoinOtag