A crypto strategist who nailed the pre-halving Bitcoin ( BTC ) correction earlier this year says altcoins will likely rip once this large-cap coin takes center stage. Pseudonymous analyst Rekt Capital tells his 517,800 followers on the social media platform X that a bullish Ethereum ( ETH ) would be very favorable for the altcoin market. “An ETH breakout would lead the next wave of altcoin rallies.” Looking at Ethereum, the trader says ETH is very close to sparking a high timeframe breakout. “Ethereum is now pressing past the ~$3,700 resistance of its main pattern (light blue). A weekly close above the pattern top would kickstart a breakout and end the 2024 ETH downtrend.” Source: Rekt Capital/X Ethereum has closed the latest weekly candle above $3,700. At time of writing, Ethereum is trading for $3,731. Late last month, Rekt said that Ethereum moving above $3,100 would trigger capital rotation from Bitcoin to ETH. He also shared a chart suggesting that capital would eventually move from ETH to mid-cap and subsequently lower-cap coins. “A weekly close above the blue diagonal resistance ($3,100) would likely set up another wave in the money flow cycle as ETH would take control of large-cap money flow.” Source: Rekt Capital/X As for Bitcoin, Rekt says the crypto king needs to rally above its immediate resistance to spark an upside burst toward the six-figure level. “Bitcoin is now trying to press beyond the bull flag top. A daily close above the bull flag resistance of ~$97,450 could kickstart additional trend continuation to get closer to challenging $100,000 once again.” Source: Rekt Capital/X At time of writing, Bitcoin is trading for $97,891. 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 Here’s What Could Trigger the Next Wave of Altcoin Rallies, According to Crypto Strategist Rekt Capital appeared first on The Daily Hodl .
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Bybit Invites Traders to Embark on a Token Treasure Hunt
Dubai, United Arab Emirates, December 26th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of its exciting “Token Treasure Hunt” campaign . This event invites selected traders to embark on a rewarding journey filled with opportunities to win prizes and exclusive rewards. Unlocking Opportunities Through Participation From now to January 16, 2025, participants can dive into a treasure trove of opportunities. By completing a series of engaging tasks, traders can get valuable lucky draw tickets. The more tasks they complete, the higher their chances of winning. A Chance to Explore Token Rewards With each lucky draw ticket, participants can spin the wheel of fortune and potentially win a range of enticing tokens, including COOK, GRASS, SMILE, NS, STOP, and OL. The more they trade, the greater their chances of winning bigger and better rewards. Participation Guidelines: Trading Activity: Spot trading volume on any trading pair contributes toward eligibility for lucky spins. Referral Activity: Referrals who meet the deposit and trading criteria during the campaign period contribute toward additional lucky spins. This is a chance for traders of all levels to test their skills, potentially win prizes, and join the thrill of the hunt. Users can the website for complete details and terms and conditions. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Au Tony Bybit tony.au@bybit.com The Daily Hodl
Next Big Crypto To Explode | Trending Crypto Coins With Massive Potential
Hyperliquid (HYPE), Pudgy Penguins (PENGU), Virtuals Protocol (VIRTUAL), JetBolt (JBOLT), Bittensor (TAO), Ethena (ENA), Worldcoin (WLD), and Avalanche (AVAX) are currently the trending crypto coins today with massive potential. Crypto whales and buyers are watching out as one of these coins could be the next big crypto to explode. While most of these coins have solidified themselves in the crypto space, the new altcoin JetBolt (JBOLT) is heating up the market with its trailblazing zero-gas technology and presale accomplishment of selling over 200 million tokens since launch. A question simply arises: What makes Hyperliquid, Pudgy Penguins, Virtuals Protocol, JetBolt, Bittensor, Ethena, Worldcoin, and Avalanche the hottest coins with potential today? Let’s take a close look. Next Big Crypto To Explode: A Quick Roundup JetBolt (JBOLT): A fresh altcoin with zero-gas technology and Web3 Wallet features. Hyperliquid (HYPE): Also known as “the decentralized Binance”. Pudgy Penguins (PENGU): A memecoin with over 8,888 penguin characters. Virtuals Protocol (VIRTUAL): An innovative cryptocurrency intended to improve virtual interactions through integrating artificial intelligence (AI) and Metaverse technologies. Bittensor (TAO): Recognized for developing machine learning models. Trending Crypto Coins With Massive Potential: A Deep Dive 1. JetBolt (JBOLT) As the fresh altcoin in town JetBolt (JBOLT) is heating waves with its trailblazing zero-gas technology and presale success of over 200 million tokens sold since launch. JetBolt’s core innovation, zero-gas technology, eliminates the headache cost of gas fees, commonly a requirement during blockchain interactions. By removing gas fees, JetBolt makes a smooth transaction for platform users and developers in DeFi, NFTs, SocialFi, and other Web3 projects. The next-gen altcoin offers excitement— JetBolt ensures lightning-fast transactions and instant finality for its users. Additionally, token holders can enjoy JetBolt’s staking process with a creative twist: stakers can earn rewards by connecting and interacting with their friends on the platform. The presale is just getting started, and JetBolt stirs the pot with attractive perks. Early adopters can receive up to 25% bonus tokens when they purchase Alpha Boxes or token bundle deals. Coupled with daily price increases, buyers are seizing the presale left and right. With its zero-gas fees and other stirring attributes, this next-gen contender could just be the next crypto to explode. 2. Hyperliquid (HYPE) Also known as “the decentralized Binance,” Hyperliquid offers a speedy and efficient transaction experience with gas-free perpetual futures trading structures. One of HYPE’s innovative features is low-slippage trading, which allows users to trade without delays and costs compared to other platforms. 3. Pudgy Penguins (PENGU) Built on the Ethereum blockchain, Pudgy Penguins is popular for its 8,888 unique penguin-themed avatars from 150 design elements. The price of PENGU today is at $0.03791, displaying a 13.95% rise in the last seven days. PENGU has a current market cap of $2.41 billion. Chart illustrating Pudgy Penguins (PENGU) price fluctuations from December 18 to 26, 2024 (Source: CoinGecko) 4. Virtuals Protocol (VIRTUAL) Trading at $3.18 today, Virtuals Protocol jumped by 30.25% over the past week with a 446.94% increase this month. By integrating AI and Metaverse, Virtuals Protocol simplifies the creation and launching of AI assets on its blockchain. The network has a market cap of $3.18 billion. 5. Bittensor (TAO) Known for its machine learning models, Bittensor also provides a novel strategy to develop and distribute AI technology. Currently changing hands at $498.05, TAO dropped by 1.98% in the last seven days and was down by 12.27% this month. The platform has a market cap of $3.56 billion. 6. Ethena (ENA) Ethena is a stablecoin that offers a synthetic dollar called USDe, designed to be stable, scalable, and censorship-resistant. The price of Ethena is at $0.9963 today, with a reported 5.33% decline in the last 24 hours and a 14.61% slump over the past week. Despite the drops, Ethena rose by 58.34% this month. The network has a current market cap of $2.92 billion. 7. Worldcoin (WLD) Worldcoin is a blockchain that paves way to authenticate humans online by using iris as biometric or human verification. Trading at $2.26 today, WLD fell short by 3.86% in the last 24 hours and was down by 7.01% over the past week. The Ethereum-secured Layer 2 blockchain has a $1.84 billion market cap. 8. Avalanche (AVAX) Avalanche uses a unique consensus mechanism with the combination of classical and Nakamoto methods to achieve high throughput and low latency. Also known for its speed and scalability, AVAX also offers low transaction costs. In Summary: Next Big Crypto To Explode As the year 2024 comes to an end, crypto whales and buyers are monitoring the next big cryptocurrencies to explode. Hyperliquid (HYPE), Pudgy Penguins (PENGU), Virtuals Protocol (VIRTUAL), JetBolt (JBOLT), Bittensor (TAO), Ethena (ENA), Worldcoin (WLD), and Avalanche (AVAX) are the leading coins to break out, driven by their distinctive attributes and superb blockchain performance. Interestingly, this new altcoin JetBolt (JBOLT) is getting noticed by whales and buyers with its zero-gas technology and presale success of selling over 200 million tokens since launch. With other gripping features, JetBolt is making quite an impression in the highly competitive crypto world. What are the trending crypto coins with massive potential? According to the latest blockchain trends and developments, here are the trending crypto coins with massive potential: Hyperliquid (HYPE) Pudgy Penguins (PENGU) Virtuals Protocol (VIRTUAL) JetBolt (JBOLT) Bittensor (TAO) Ethena (ENA) Worldcoin (WLD) Avalanche (AVAX) However, as the cryptocurrency market is highly volatile, practice due diligence by researching before making any decisions related to cryptocurrency. What crypto is best to buy now? JetBolt (JBOLT) is the best crypto to buy now with its zero-gas technology, by leveraging Skale, it reduces the burden cost of gas fees. With its spectacular features including lightning-fast transactions, curated blockchain news and insights based on market sentiment, and Web3 Wallet, JetBolt makes an all-out convenient experience for its users in the fast-paced world of crypto. Read more about JetBolt by visiting its official website. This article does not provide financial advice. Please note that all cryptocurrencies are susceptible to high degrees of volatility, and the crypto market is unpredictable. Always remember to conduct thorough independent research before trading cryptocurrency. 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