6 days ago
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 .
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Altcoins Trading Altcoin Sherpa Crypto fartcoin memecoin News popcat SOL Solana trading
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.
Michael Saylor Buys $555,850,000 Worth of Bitcoin (BTC) As Strategy Stock Outruns Market
Strategy, formerly MicroStrategy, is following through on its plans to accumulate as much Bitcoin ( BTC ) as possible. According to on-chain data from Lookonchain, Strategy, led by founder and CEO Michael Saylor, now holds close to $47 billion worth of the crypto king after a massive half-billion buying spree last week. “Strategy bought another 6,556 BTC($555.85M) at an average price of $84,785 last week. #Strategy currently holds 538,200 BTC($46.83B), with an average buying price of $67,766 and an unrealized profit of $10.36B.” Source: Lookonchain/X On April 15, Strategy bought 3,459 BTC for about $285.8 million, in line with plans announced earlier this year to raise more capital for BTC purchases. According to data from BitcoinTreasuries.net , Strategy currently owns over 2% of the global circulating BTC supply. Strategy’s stock ( MSTR ) is up 1.9% today, bucking the stock market downtrend, trading for $323 at time of writing. According to Saylor, a large number of institutions own shares of Strategy stock. “Based on public data as of Q1 2025, over 13,000 institutions and 814,000 retail accounts hold MSTR directly. An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.” In early February, the firm announced a massive stock offering to raise funds for accumulating more Bitcoin. Just last month, Saylor said Strategy sold $21 billion in preferred STRK stock to snatch up more coins. 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: Midjourney The post Michael Saylor Buys $555,850,000 Worth of Bitcoin (BTC) As Strategy Stock Outruns Market appeared first on The Daily Hodl . The Daily Hodl
Metaplanet Continues Bitcoin Buying Spree, Adding $28 Million in BTC to Holdings
The Japanese investment company owns 4,855 digital coins. The Daily Hodl
