6 hours ago
A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets. The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid ( HYPE ), is likely to surge by at least 116% from the current level before the end of this cycle. “…I still think HYPE is a great project and will go to $50+ later this cycle. It just hits too many narratives and I have a bag of this (and I’m doing a little trading just to hope to get more points). Wouldn’t rush into a position here but more scale in. Not one to give you a 10x at these current levels for this cycle in my opinion but could still be a safe one to hold.” Hyperliquid is trading at $23.16 at time of writing. Next up is XRP . While observing that XRP is demonstrating strength as it sits just below its all-time high, Sherpa says that XRP is not at an ideal level for long entries. “For what it’s worth, I don’t actually recommend you buy more at this current position. It’s at former all-time high and this is a natural retracement point. Think you should be patient with it. I’m going to wait a bit before adding and hope it dips.” Next up is Cardano ( ADA ). The analyst says Cardano appears “pretty strong” on the weekly time frame and could continue to go up as long as other first-generation altcoins continue to appreciate. Turning to Dogecoin ( DOGE ), Sherpa says the largest memecoin by market cap “looks strong still.” According to Sherpa, Dogecoin could trade in a range for a while before revisiting the 42-month high of around $0.485 reached in December. Dogecoin is trading at $0.412 at time of writing. 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 Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin appeared first on The Daily Hodl .
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Altcoins altcoin analysis Crypto doge dogecoin hype hyperliquid News XRP
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.
Donald Trump Unveils a New Meme Coin Just Before Taking Office
Only days away from his inauguration, President-elect Donald Trump`s social media channels have introduced what seems to be an official Solana meme coin named TRUMP. Promoted as an “Official Trump Meme Coin,” this new token hit a market capitalization of $9 billion within just three hours after its release. Donald Trump Introduces a Fresh Meme Coin Just days before stepping into office for a second time, President-elect Donald Trump has unveiled a new meme coin on Solana via his Truth Social and X accounts. This meme coin quickly shot to a $9 billion market cap soon after its launch, overtaking popular meme coins such as PEPE and BONK. Eager crypto enthusiasts rushed to purchase the coin, resulting in millions of dollars in trading volume. Concurrently, on-chain analysts and security experts began scrutinizing the coin for any warning signs. Trump shared the news on his social media, proclaiming, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.” Widespread Doubts While the TRUMP meme coin`s launch sparked excitement among Trump`s supporters and the crypto community, it also faced a great deal of skepticism. On-chain investigators were wary, given the project and its rollout showed signs typical of celebrity meme coin scams seen over the past year, often involving hacked social media accounts to push pump-and-dump schemes. Opinions within the crypto industry were divided over whether Trump himself was behind the posts or if his accounts had been compromised. BecauseBitcoin founder and CEO Max Schwartman commented, “I’m so confused by this. $TRUMP is sitting at a 3B market cap. This must be a hack, right? No way he just launched his own memecoin. If it’s a hack, this will severely mute Trump`s bullishness on crypto right as he takes office (bearish). If it’s not a hack then the next president of the United States just launched a shitcoin & things are about to get absolutely out of control this quarter (bullish maybe).” Signs Point to a Legitimate Launch Nonetheless, the project appears to be legitimate and is linked to the same company that released Trump’s collectible NFT trading cards, CIC Digital LLC. This firm is owned by the Donald J. Trump Revocable Trust. It is also the entity through which Trump entered a licensing agreement for his branded NFTs. The project`s website mentions, “CIC Digital LLC and Celebration Cards LLC, the owners of Fight Fight Fight LLC, will receive trading revenue derived from trading activities of Trump Meme Cards.” The website refers to the meme coins as “Trump Memes,” clarifying that the tokens are not meant to serve as an investment opportunity, contract, or security of any kind. According to the site, there are 200 million TRUMP tokens in circulation, with plans to expand this supply to 1 billion over three years. The distribution breakdown indicates that creators and CIC Digital will receive 80% of the tokens over a three-year phased unlock, with 10% designated for public distribution and another 10% set aside for liquidity. “Creators and CIC Digital are set to receive 80% of the token over three years of tranched unlocks, with 10% allocated for Public Distribution and a final 10% set aside for Liquidity.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. The Daily Hodl
Wintermute Predicts a Surge in Crypto Integration with Traditional Finance
Wintermute predicts greater integration of cryptocurrencies with traditional finance this year. Institutional interest is growing, spurring innovative financial products and strategies. Continue Reading: Wintermute Predicts a Surge in Crypto Integration with Traditional Finance The post Wintermute Predicts a Surge in Crypto Integration with Traditional Finance appeared first on COINTURK NEWS . The Daily Hodl
