An analyst known for making crypto bottom calls thinks that memecoin Pepe (PEPE) and one Solana (SOL) challenger are gearing up for breakout rallies.

Pseudonymous analyst Bluntz tells his 273,500 followers on the social media platform X that PEPE and Sei (SEI) are among the market’s leaders after breaking out of bullish reversal patterns.

“Many altcoins with blatant in-your-face accumulation going on here, extremely hard to be bearish in my opinion.

SEI and PEPE are some standouts, in my opinion.” 

Looking at SEI, the trader appears to suggest that the Solana rival has broken out from a rounding bottom pattern. The technical formation is often viewed as a bullish reversal pattern as it indicates that investors have accumulated the asset without allowing the price to move lower.

At time of writing, SEI is trading for $0.30, down 1.44% on the day.

As for PEPE, the trader shares a chart suggesting that the meme token has broken out from an inverse head-and-shoulders pattern, another bullish reversal formation. The pattern coincides with the conclusion of an ABC corrective wave, which suggests that an asset is poised for a surge.

“PEPE coming in hot with the accumulation break.”

At time of writing, PEPE is worth $0.0000078, a 1.2% decrease in the last 24 hours.

Turning to Bitcoin, the analyst believes that BTC is close to sparking rallies amid rising liquidity injections from the Federal Reserve.

“You didn’t fade the Fed liquidity injection because of ‘mUH SePTemBeR iS TypIcaLLy BeARiSh’ did you anon? BTC.”

Traders typically see liquidity influxes as a bullish signal as it indicates that there’s more capital that could be invested in risk assets such as Bitcoin and crypto.

Bluntz previously predicted that Bitcoin will rally to a new all-time high around the $100,000 level.

“Still my base case for BTC, bears are about to get murdered in my opinion.”

At time of writing, Bitcoin is trading for $60,200, a slight dip in the last 24 hours.

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A closely followed crypto strategist and trader says Solana (SOL) and three additional altcoins are his best picks for longer-term holds.

Pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on the social media platform X that SOL will likely remain in an uptrend as long as it holds $110 as support.

In addition to SOL, the analyst reveals other picks for “longer-term buys,” including crypto gambling platform Rollbit’s native token RLB, the layer-1 protocol Saga (SAGA) and Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI.

“Longer-term buys: RLB (shilled a lot plus ‘real value’ plus NFL). SAGA chart looks good. TAO at $200 (AI). SOL from $130-$110 still good in my opinion.”

Zeroing in on SAGA, the analyst suggests that the token is currently trading in a range after carving a bottom.

“SAGA I think this thing looks pretty good for a DCA (dollar cost averaging)/spot position. Looks to have found a bottom and consolidating over three months and ranging despite BTC being iffy.”

Solana is trading for $133 at time of writing, up more than 3% in the last 24 hours. Meanwhile, RLB is trading for $0.094 at time of writing, up 9.34% on the day, SAGA is trading for $1.53, up 13.23% on the day and TAO is trading for $276, up 10.71% in the last 24 hours.

The analyst also reveals his “swing trade” picks, including Helium (HNT), a Solana-based asset that uses hotspots to connect wireless devices to its network, lending platform Aave (AAVE) and Solana competitor Sui (SUI).

Looking closer at HNT, the analyst suggests HNT could retest lower levels in the near term after a sudden breakout.

“HNT finally got into this one. It’s being twapped or bought up by someone and it’s got a bizarre chart. I’ve been tweeting about this one for weeks at this point and traded it well before and bought on the recent move down. Holding for a bit with other orders lower.”

HNT is trading for $7.61 at time of writing, down 7.3% in the last 24 hours.

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Bitcoin’s recent price drop has left investors searching for alternative opportunities in the cryptocurrency market. Fortunately, several Ethereum and Solana altcoins show resilience and promise, with potential for significant growth.

In this article, we’ll highlight three altcoins – RCO Finance (RCOF), Chainlink (LINK), and Shiba Inu (SHIB) – that are bucking the trend and aiming for new highs, making them worth considering for investors looking to diversify their portfolios.

1. RCO Finance

RCO Finance is revolutionizing the decentralized finance landscape with its cutting-edge automated financial services powered by artificial intelligence.

The platform’s AI-driven robo advisor offers personalized solutions, providing traders with tailored insights and investment recommendations to navigate the volatile market.

Leveraging machine learning software, the robo advisor analyzes market data, trends, and patterns to determine optimal buy and sell times, enabling traders to manage risks and minimize losses effectively.

This innovative tool presents a cost-effective and efficient alternative to traditional financial advisors, operating 24/7 with unparalleled speed and reliability.

By crafting customized trading strategies aligned with individual financial goals, RCO Finance’s robo advisor has garnered significant attention during its presale. It promises to deliver exceptional results while saving traders money.

Furthermore, the Ethereum token’s smart contract has undergone a thorough audit by SolidProof, a top blockchain security firm. This ensures that its codebase meets industry standards and guarantees a secure investment.

2. Chainlink

Chainlink is a decentralized oracle network that enables smart contracts to securely interact with external data feeds, events, and payment systems.

It was founded in 2017 by Sergey Nazarov and Steve Ellis and has since become one of the most widely used Oracle networks in the blockchain industry.

‘Chainlink’s network consists of a decentralized network of nodes that provide real-world data to smart contracts on various blockchain platforms, allowing them to execute complex logic and trigger specific actions based on external events.

Like other tokens in the crypto market, LINK has been struggling recently. According to Coinmarketcapn data, LINK is trading at $10.02, a 9.89% dip from last week.

According to the weekly technical chart, the LINK price forms a bullish reversal pattern called a rounding bottom.

This chart configuration is typically seen as a sign of a downtrend reversal. It indicates that investors are regaining interest and driving up demand, potentially marking a turning point in the market. As such, LINK may surge to $15.50 in a few weeks.

3. Shiba Inu

Shiba Inu is a decentralized cryptocurrency project created in August 2020 by “Ryoshi” as an experiment in community-driven cryptocurrency. It focuses on decentralization, autonomy, and fun and is built on the Ethereum blockchain with a decentralized governance model.

Shiba Inu’s native token, SHIB, is an ERC-20 token used for transactions, governance, and rewards. It’s a deflationary token, reducing the total supply and increasing the value of the remaining tokens.

Shiba Inu gained popularity in 2021 with a 1,000% token price surge. Its community-driven approach and decentralized governance model have attracted a large following. Today, Shiba Inu is a widely recognized cryptocurrency with a $10 billion market capitalization and a growing ecosystem of decentralized applications and services.

Meanwhile, SHIB’s price performance has been lackluster recently. According to Coinmarketcap data, its price is at $0.0000132, a 5.85% drop from last week.

Despite these struggles, some analysts foresee a positive trend for SHIB due to the possibility of a shift in overall market conditions. SHIB may reverse its bearish trend and rally to a higher price point of $0.00001600.

RCOF Token Positioned for Astronomical 1,644% Growth: Future Gains Expected!

Piquing investor interest, RCOF serves as both the transactional and governance token for RCO Finance. It boasts a capped supply of 800 million coins and a deflationary mechanism, priming it for sustainable growth.

Currently in Stage 2, RCOF is priced at $0.0344. It is poised for a 62% increase to $0.0588 in Stage 3, promising substantial returns.

With its listing price projected at $0.4-$0.6, RCOF is expected to surpass Shiba Inu’s 1,180% surge in 2021, yielding a remarkable 1,644% ROI for early investors.

Analysts predict a staggering 5,000% growth post-launch on leading exchanges, making RCOF’s pre-sale an attractive opportunity for investors seeking a lucrative venture. Don’t miss out on this promising investment journey with RCO Finance’s Ethereum token.

For more information about the RCO Finance Presale:

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Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

While Binance Coin (BNB) and Solana (SOL) continue to see inflows and heightened interest, BlockDAG is quickly taking the spotlight in the cryptocurrency market with its remarkable initial sale results and advanced technology, emerging as the top choice among cryptocurrencies. 

Recently, BlockDAG’s leadership hosted a keynote that spotlighted the platform’s technological capabilities, hinting at its potential to evolve into one of the foremost blockchain initiatives worldwide. 

Supporters of BlockDAG (BDAG) can take part in pre-sale and buy tokens here.

Binance Coin (BNB) hits novel milestone

BNB has recently recorded a historic high, touching $712.59, before settling slightly lower at $700.82. This peak brings BNB’s market capitalization to a robust $103.2 billion, with an active trading volume of over $2.85 billion. This uptick in BNB’s value has sparked discussions on its future trajectory, questioning whether further growth is likely or if it has reached its zenith. 

Despite a minor 4.30% drop in its price over the past day, market indicators suggest a resilient buying interest, possibly setting the stage for a rebound.  

Solana (SOL) performance remains strong

Solana has been capturing attention, with its price recently hitting $174.83, supported by a surge in memecoin trading on its network. This trend has not only highlighted Solana’s efficiency in managing large transaction volumes at lower costs but has also pushed its total value locked (TVL) beyond $4.9 billion, with monthly active addresses peaking at 41.65 million in May. 

Although trailing behind Ethereum in TVL, Solana ranks second in decentralised exchange volumes, reflecting its increasing adoption and benefits in terms of transaction capacity and scalability. These factors collectively fuel the momentum of the Solana expansion.

BlockDAG (BDAG) enters new pre-sale phase

BlockDAG is capturing investor interest with a highly successful presale. Currently, in its 18th batch of sales, it is priced at $0.0122 per token.

The project’s recent keynote not only underscored its superior technology but also set a bold price target, reflecting its high ambitions and technical prowess based on its unique Proof of Work model, which optimises both efficiency and speed.

Furthermore, BlockDAG’s compatibility with the Ethereum Virtual Machine (EVM) enhances its appeal by enabling smooth integration with Ethereum-based contracts. The project’s innovative approach extends to its mining solutions, offering tools like the X1 mobile beta mining app and high-performance units such as the X10, X30, and X100, catering to various mining preferences and boosting its potential for significant long-term returns.

Concluding insights

The current landscape sees BNB achieving new highs and Solana experiencing robust growth, yet BlockDAG’s revolutionary technology and successful presale have positioned it as the top cryptocurrency pick. 

Its synergy with Ethereum and cutting-edge mining technology solidify its potential for substantial long-term success, presenting it as a compelling investment opportunity amid leading competitors.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Ex-Goldman Sachs executive Raoul Pal says the altcoin market cap is on the verge of soaring to new all-time highs (ATHs).

In a new video update, the Real Vision CEO says that the digital assets market could enter “crypto summer” within a month, when Ethereum (ETH), Solana (SOL) and other alts could have massive rallies.

A “crypto summer” generally means increased prices, higher trading volume, bullish market sentiment, more network development and wider adoption.

“It’s very normal for crypto spring for Bitcoin to outperform and then as we come into crypto summer that we’re transitioning into now ETH starts to outperform Bitcoin…

Will it outperform Solana? I very much doubt it. Solana is earlier in the adoption curve so it means the percentage changes are larger.

You can see the start of crypto spring, which was the breakout of this pattern and the slight acceleration. That says we’re getting to warmer days of spring as it were. But really, summer happens when you break the previous all-time high in market cap and things go utterly bananas. So this [chart below is altcoins] excluding Ethereum, so this is the rest of the space, really starting to accelerate and sometime in 2024 we will hit an all-time high market cap of altcoins and this chart will go truly into the banana zone.”

Pal also predicts that the crypto market will have a “crypto fall” similar to the 2013 and 2017 cycles when the market extended rallies even higher. Many analysts believe that crypto runs in four-year cycles and divides the cycles up into four seasons of the year to explain the different phases.

“Let’s talk about crypto summer just in very simplistic terms. Here is the chart of the seasons. So spring is green. We had a great spring this year. Summer is when a lot of the gains start to happen. Fall was tricky last time around. We got a stunted cycle. If you remember that kind of double-toppy style thing.

It was highly unusual. 2017, and 2013 were typical of the fall season. And so we don’t know how this one’s going to play out. I think it plays out more like 2013, 2017, but it’s all assessing the odds as we go. But right now this is the easy year, the summer.”

Pal predicts that crypto summer will begin in the next month to month and a half.

“Very soon, like in the next month, next month and a half, we will start to hit the banana zone. And this is what happens when you hit the banana zone. Things get absolutely wild, which is the really magical part of why this is the greatest macro trade of all time is this part and it’s coming.”

Looking at his chart, Pal suggests that during “crypto summer” Bitcoin (BTC) could soar into the six-figure range, reaching as high as $300,000.

 

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Cryptocurrency dealer Justin Bennett is revealing the place he sees Bitcoin (BTC), Ethereum (ETH) and two altcoins heading within the coming days and weeks.

Beginning with Bitcoin, Bennett tells his 7,820 YouTube subscribers that the primary resistance degree the flagship cryptocurrency will come up in opposition to if it retains going up is at $45,600.

Based on Bennett, if the $45,600 resistance degree turns into a assist space, then Bitcoin may rally to above $50,000.

Bennett says that if a “extra bullish state of affairs” is realized, Bitcoin may surge by over 35% from present ranges later within the yr.

“If we had been to see Bitcoin get above $45,600, check $53,000 and even $50,000 up right here then that would very effectively arrange an inverse head and shoulders the place we get a transfer up above $60,000 later this yr.”

The cryptocurrency analyst and dealer says he’s bullish on Bitcoin so long as the worth stays “above that $40,000 to $42,000 space.”

Bitcoin is buying and selling at $43,809 on the time of writing.

Turning to Ethereum, Bennett says that the present resistance degree for the second-largest cryptocurrency by market cap is round $3,170 whereas the subsequent one is round $3,600.

“Any rotation into $3,170 ought to set off a bounce, it ought to appeal to patrons. Now the subsequent resistance space to observe for Ethereum goes to be proper round $3,600.”

Based on Bennett, Ethereum might want to shut above the $4,000 value on the weekly chart to substantiate a bullish development.

“Now $4,000 goes to be the large check for Ethereum…

It’s going to should get again above this space [$4,000] with a view to flip bullish once more.”

Ethereum is buying and selling at $3,358 on the time of writing.

Subsequent up is CRO, the native token of the Crypto.com blockchain, a cryptocurrency platform that gives a broad vary of shopper companies and merchandise together with funds, a crypto alternate, a crypto pockets, debit playing cards and decentralized finance.

Bennett says that for CRO to show bullish within the brief time period, it has to interrupt above the $0.50 resistance degree on the day by day chart first.

“So CRO has to get again above $0.50. So this creates a confluence of resistance proper between possibly $0.50 and $0.53 to the place CRO has to get again above this on a day by day closing foundation to flip it again to assist and likewise expose $0.65.

So $0.65 can be the subsequent resistance degree above that $0.50 to $0.53 space…

The market has to get above $0.50 to $0.53 to show bullish once more up in direction of $0.65.

If we do see a rotation decrease from this space [around $0.48], keep watch over that $0.40 assist.”

CRO is buying and selling at $0.486 on the time of writing.

Subsequent up is VET, the native token of VeChain, an enterprise provide chain administration blockchain.

Bennett says that VET may rally to $0.12 however breaking under $0.065 may imply the start of a bearish development.

“VET nonetheless has to get again above this space proper round $0.088. Now if it had been to shut above this [$0.088], there’s an opportunity we may see a transfer up right here towards $0.10, that’s going to be the subsequent key degree…

Above this space proper round $0.09 we in all probability see $0.10. Above that’s the area simply above $0.12…

The must-hold for VET goes to be proper round $0.06 to $0.065. We need to see that space maintain out on a day by day and weekly closing foundation. Something under this [$0.06], issues may get ugly.”

VET is buying and selling at $0.082 on the time of writing.

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A preferred crypto analyst is naming his prime altcoin picks because the crypto markets head into a brand new 12 months.

In a brand new interview with Altcoin Each day, Into the Cryptoverse founder Benjamin Cowen tells the channel’s 1.8 million YouTube subscribers that layer-1 blockchain tasks are his major focus of curiosity.

At the start is main sensible contract platform Ethereum (ETH).

“Clearly there’s Ethereum, however that’s form of the ‘altcoin index.’

You need your altcoins to outperform Ethereum or at the very least oscillate towards it. Have a look at their ETH values over the macro scale.

MATIC I feel is an efficient venture, layer-2 scaling I feel is essential.

But additionally Cardano, Polkadot, Avalanche.”

The multi-chained scaling answer Polygon (MATIC) has gone on an epic run in 2021, rising from $0.03 to a brand new all-time excessive of $2.88 final Saturday. MATIC has since corrected and at present trades for $2.49.

Additionally excessive on Cowen’s listing is scalable decentralized blockchain platform Cardano, whose native token ADA ranks sixth by market cap. The altcoin has seen a curler coaster of worth motion, launching from $0.18 to a summer time excessive of $2.91. At the moment, ADA is valued at $1.33.

Cross-chain interoperability protocol Polkadot (DOT) ran from a January low underneath $10 to highs above $47 in Might and $54 in November, however has since corrected closely and DOT now trades for $26.56.

Final on Cowen’s listing of favorites is layer-1 sensible contract platform Avalanche (AVAX). The AVAX token began 2021 buying and selling for round $3.50 however has gone on a collection of epic rallies, in the end grinding as much as an all-time excessive of $144.96 in late November. The Eleventh-ranked crypto asset is exchanging arms for $101.04.

Transferring on to his honorable mentions, the favored chart guru likes sensible contract platform Solana (SOL), which began the 12 months underneath $2 and soared to just about $260 again in November. The altcoin is valued $170.84 at time of writing.

“Solana, I feel it’s first rate, it’s just a little extra centralized than I would love.

However it doesn’t imply that’s essentially a foul factor for some individuals, as a result of some individuals simply want that.”

Cowen stays desirous about oracle community Chainlink (LINK) regardless of native token LINK’s disappointing numbers in relation to ETH.

“Chainlink is an fascinating one as a result of it’s one which did very well within the bear market.

I maintain it and it’s not met my expectations this market cycle.

I’m on the lookout for that one to do one thing good in 2022 as a result of frankly, it’s down 90% towards Ethereum over the past 18 months.”

Chainlink began the 12 months underneath $12 and reached an all-time excessive of $52.70 again in Might, earlier than crashing to $20.10 and in the end $13.88 by July, earlier than grinding its approach again up in current months.

LINK has had a rocky previous month, reaching a excessive of $26.81 earlier than crashing to $17.61 after which climbing again above $24 briefly. Chainlink is buying and selling for $19.62 at time of writing.

In distinction, Ethereum has seen a breakout 12 months, rising over 400% from $730 to its present valuation of $3,647.

Final on the listing of runner-ups is Ethereum competitor Terra (LUNA) whose native token LUNA underpins a set of decentralized stablecoins. LUNA started the 12 months at $0.64 and has witnessed main features. At the moment, it’s buying and selling for $83.41.

Cowen wraps up by saying,

“The primary tasks that I observe are Cardano, Polkadot, Avalanche, MATIC, LUNA, Solana.

It’s actually exhausting to go incorrect in case you simply take a look at the highest 10 or 20. Get layer-1s, a few layer-2s, an oracle.

I feel that’s an ideal crypto portfolio proper there.”



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Since December 8, the stablecoin economic system has grown 3.59% in 17 days as quite a few stablecoin market valuations have issued extra fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economic system’s $167 billion market valuation represents 6.68% of the whole $2.49 trillion crypto market economic system.

Stablecoin Issuance Jumps 3.5%

There’s a large number of stablecoins in existence at present which are pegged to the worth of fiat currencies just like the U.S. greenback. The U.S. greenback is the commonest stablecoin peg at present, however there are others that characterize the euro and the Swiss franc. On Saturday, the whole worth of all of the stablecoins in existence is $167 billion, up 3.59% since our newsdesk’s final stablecoin report. Essentially the most dominant stablecoin at present is tether (USDT) with a market valuation of round $77.7 billion unfold throughout varied blockchains.

Tether’s sizable market capitalization is 46.52% of the whole stablecoin economic system at present. Usd coin (USDC) is the second largest stablecoin when it comes to market capitalization with $42.4 billion. Whereas USDT elevated 5.7% over the last month, USDC climbed 14% over the last 30 days. The third, fourth and fifth largest stablecoin market valuations belong to BUSD, UST, and DAI respectively. BUSD’s $14.8 billion market cap elevated by 14.6% over the last month and UST’s issuance jumped by 36.6%.

60% of Right now’s Trades Are Paired With Stablecoins

The Makerdao-issued stablecoin DAI elevated by 2.9% this previous month with a valuation of round $8.9 billion. Terra Protocol’s UST stablecoin is 9.18% bigger with a valuation of round $9.8 billion on the time of writing. MIM, FRAX, and FEI noticed notable issuance will increase as properly with anyplace between 15.6% to 42.4% over the last month. The stablecoin origin greenback (OUSD) spiked greater than 102% during the last 30 days and SUSD jumped 38.7%.

On Saturday, the stablecoin economic system instructions $55.4 billion in commerce quantity out of the combination $92.1 billion reported quantity. This implies with each commerce at present, 60.15% of the trades are paired with stablecoins. As an example, the main crypto asset when it comes to market valuation, bitcoin (BTC), has seen round 59.68% of at present’s swaps with tether (USDT). The second main crypto asset, ethereum (ETH), has comparable metrics as 51.45% of all ether swaps are with tether as properly.

What do you concentrate on the stablecoin market valuation over the last 17 days swelling round 3.59%? Tell us what you concentrate on this topic within the feedback part under.

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