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A closely followed analyst believes that one top-30 altcoin may put up massive gains in the near term. Pseudonymous analyst Altcoin Sherpa tells his 245,300 followers on the social media platform X that the utility token of the decentralized open financial system Hyperliquid (HYPE) may increase 150% from its current value as it prints a bullish pattern on the daily chart. “Bought a small HYPE perp position [April 30th]; not sure how long I’ll hold for. Still one of the best utility coins and projects out there and it’s slowly grinding higher. Wouldn’t be surprised to see this go to $50 or something if BTC [and] trading conditions remain healthy.” Source: Altcoin Sherpa/X HYPE is trading at $20.10 at time of writing, up 6.3% in the last 24 hours. The analyst also suggests that traditional four-year crypto cycles are likely over, and alts may start following a different price pattern. The four-year cycle is based on the idea that cr...

The South Korean crypto exchange Upbit has announced a new listing for a wallet-focused altcoin, triggering explosive price action. According to a new announcement, Upbit is supporting Wallet Connect (WCT) for trading over the Optimism (OP) network on its platform starting Wednesday. The project, launched in 2018, is a Web3 communications open-source protocol that aims to connect crypto wallets to decentralized applications (DApps) through encrypted connections using QR code scanning and deep linking. “Traditionally, connecting wallets to apps on the blockchain required complex steps, which often discouraged new users and created a fragmented ecosystem. WalletConnect simplifies this by offering a universal connection method compatible across hundreds of wallets and thousands of apps.” WCT is the native token of the WalletConnect network, which is used for staking, rewards, fees and governance. The initial supply of WCT tokens is capped at 1 billion, ...

Blockchain tracking firm Lookonchain says a crypto trader is looking at massive losses after one decentralized finance (DeFi) project underwent a severe correction. According to Lookonchain, a crypto whale sold nearly 18 million Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), for a loss of more than $12 million after the altcoin plunged below $1. “A whale sold off all ENA and lost over $12 million! This whale unstaked 17.87 million ENA ($8.78 million) [on Monday] and deposited it to Binance. The whale had accumulated these ENA on Binance at an average price of $1.17, resulting in a loss of over $12 million.” ENA is trading for $0.4484 at time of writing, down 4.6% in the last 24 hours. Next up, Lookonchain reports that crypto whales are buying up top altcoin Ethereum as its price chops around $2,600. “It seems that whales are accumulating ETH! 0xb99a…BcF5 withdrew 56,909 ETH ($151.6 million) from Binance [Monday]. 0xE...

Litecoin (LTC) was finally making news after staying on the sidelines for years. The altcoin is one of the earliest cryptocurrencies and was dubbed as digital silver while Bitcoin was called digital gold. Despite its early popularity, the asset was seen dropping down in terms of ranking. An LTC exchange-traded fund filing is the reason that the asset has been making noise yet again. While the asset was seen recording a double-digit spike, the real question is if LTC can continue this momentum into the next month. Also Read: Ethereum Could Hit $4,500 In February, Here’s Why SEC Acknowledges Litecoin ETF Application Source: tokenmetrics Canary Capital’s proposal for a Litecoin ETF was acknowledged by the SEC. This further gives the community confidence that it may eventually be listed on exchanges. It will be a significant milestone if the LTC ETF garners a green signal. This is because it would be the SEC’s first recognition of an altcoin ETF filing. According to Bloomberg se...

Ripple’s XRP has been trying to reach its all-time high for the last seven years. The asset only got slightly closer this year after a rather long wait. Amidst this uptick, the third-largest altcoin took a major hit just yesterday. XRP dipped below the coveted $3 mark shattering the hopes of the community. But the asset was seen recovering in no time as Ripple managed to snag prominent licenses in the United States. Also Read: Tuttle Capital Targets SEC Approval for XRP, Cardano, Chainlink, Polkadot, and Bonk ETFs XRP Emerges As A Top Gainer Source: CoinPedia During the time of writing, the altcoin was trading at $3.11. This comes after a 12.20% rise over the past 24 hours. The magnitude of the cryptocurrency’s uptick made it one of the top performers of the day. Earlier today, the altcoin dipped to a low of $2.71. Source: CoinMarketCap While the overall market was recovering, XRP was pocketing much bigger gains. This was credited to Ripple’s regulatory wins. Ripple re...

Chainlink (LINK) had a slow start to 2025, which is impacting price predictions for the asset this year. Investors are still mostly bullish on LINK, however, forecasts for the altcoin are slowly going down. A recently revised price prediction has put a cap on Chainlink’s $50 hopes, stating that the asset won’t go higher than that based on current performance. With a host of coins facing a correction, Chainlink has suffered a recent dip that doesn’t deter from its 19% gains as LINK looks to target $32. In the near term, there is plenty of optimism for LINK. However, according to CoinCodex, LINK may not go higher than $48 in 2025, after previous projections above $50. According to the platform, the altcoin may see its best performance during the peak altcoin season in April, where it could hit a high of $ 47.12. Chainlink LINK was previously forecast to breach its all-time high of $52.88 some time this year. Unfortunately, LINK is facing some resistance that may make that surg...

The Wormhole price rallied over 9% in the last 24 hours to trade at $0.3457 as of 11:31 p.m. EST as an investor frenzy erupts around the altcoin. Along with the recent surge, the W price is also in the green on the longer time frames with a 35% pump over the last 7 days a 64% jump over the past month. The Wormhole Price Up Against A Tough Barrier 4-hour chart for W/USDT (Source: TradingView ) The Wormhole price is being held back by a negative trend line on its 4-hour chart. This comes after the altcoin lost the support at $0.3760 after briefly breaking above this mark in the last 24 hours. Now, W stands the risk of testing the $0.3205 price point within the next few hours. A break below this level could lead to the crypto dropping to as low as $0.28. On the other hand, buyers identifying the altcoin’s current levels as a buy opportunity might invalidate the bearish thesis. In this alternative scenario, the Wormhole price could attempt a challenge at the aforementioned des...

Ripple (XRP) has experienced a marginally smaller decline than the rest of the market. The altcoin dropped 1.80% in the previous day and was trading at $0.5587 at the time of publication. However, it should be mentioned that the price surged by 48% following the resolution of the protracted dispute between Ripple and the US Securities and Exchange Commission (SEC). Between Aug. 6 and 7, there was a considerable increase. Despite this, the asset failed to hit the $1 mark. Market Outlook and Analyst’s Prediction Analyst’s Bold Prediction More recently, an analyst’s most recent forecast again gave the market hope. According to cryptocurrency expert Amonyx, XRP may be selling at a low right now, but it is loading what he calls “massive green God candles.” Projected Growth Massive Green God Candles Loading. #XRP pic.twitter.com/v3KCd3Qupz — Amonyx (@amonbuy) August 14, 2024 In a recent X post, he pointed out that XRP could be forming 56 days, or eight weeks, of ...

Osmosis, Celestia, and Kaspa reported between 8% and 12% gains as the top crypto currency gainers on Jan. 5. Topping the CoinMarketCap leaderboard is Osmosis (OSMO), a token that functions as a decentralized exchange (DEX) within the Cosmos ecosystem, connecting sovereign blockchains through the Inter-Blockchain Communication Protocol (IBC). Data shows the live price is $1.80 USD, accompanied by a 24-hour trading volume of $138 million. Top crypto gainers today | Source: CoinMarketCap The latest update reflects a 12.4% increase in the past 24 hours. Osmosis has continued to gain interest in the community, with the token hitting $1.1 billion in monthly volume during December based on DefiLlama data. Celestia (TIA) is the modular blockchain network in the second spot. As of the latest update, the live Celestia price is $16.07, and the 24-hour trading volume registers at $831 million, showcasing an 11.8% increase over the past 24 hours and 26.1% gains in the last 7 days. ...

ETP inflows continued last week, reaching $176 million, a much larger share of the cryptocurrency’s total volume. According to the CoinShares report, the positive dynamics of capital inflows have continued for eight weeks in a row. Meanwhile, ETP’s share of total cryptocurrency volumes is growing, averaging 11% compared to the long-term historical average of 3.4% and well above the 2020-2021 bull market averages. However, inflows still lag significantly behind 2021 and 2020 figures of $10.7 billion and $6.6 billion, respectively. Weekly crypto asset flows | Source: CoinShares Trading volumes grew to an average of $3 billion per week, double this year’s average of $1.5 billion. You might also like: Altcoin market on brink of parabolic growth, analyst predicts Bitcoin (BTC) remains dominant, with inflow s of $155 million over the past week. Moreover, over the past eight weeks, the inflow amounted to 3.4% of the total asset s under management. “We b...

According to analysis from blockchain firm Arkham Intelligence, over 50% of the funds transferred after Nov. 6 were in USD-pegged stablecoins. Alameda Research withdrew over $200 million from FTX.US before it filed for bankruptcy, according to analysis from blockchain firm Arkham Intelligence disclosed on Nov. 25.  In a Twitter thread, Arkham revealed that Alameda Research, FTX’s sister company, pulled $204 million from eight different addresses of FTX US in a variety of crypto assets, the majority of them stablecoins, in the final days before the collapse. Arkham analysed flows from FTX US in the final few days before the collapse, finding that Alameda withdrew the most funds, at $204M. Below is a diagram of withdrawals to Arkham-identified entities from FTX US. n.b. this thread regards FTX US assets only, not FTX International. pic.twitter.com/QFPVlVIWhO — Arkham | Crypto Intelligence (@ArkhamIntel) November 25, 2022 Among the withdrawn funds, $116 million, or 57.1%, were in st...

Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too. Former FTX CEO Sam Bankman-Fried has agreed to a “gag order” which will prevent him from making comments to third parties that may interfere with his trial — but argues it should apply to all potential witnesses as well, including current FTX CEO John Ray. The gag order against Sam Bankman-Fried was initially requested on July 20, when the U.S. government accused the FTX founder of attempting to interfere with a fair trial by publicly discrediting former business partner and witness Caroline Ellison in an interview with the  New York Times. In a July 22 letter to United States District Court Judge Lewis A. Kaplan of New York, Bankman-Fried’s lawyers Cohen & Gresser LLP denied the accusations but agreed to accept a gag order as requested. A gag order is a legal order often issued by a court to restrict informa...

Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course? Bitcoin (BTC) remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuit by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the dips rather than panic and dump their holdings. ARK Invest CEO Cathie Wood has been buying the dip in crypto-related stocks since the SEC unleashed its recent crypto regulatory action. First Wood purchased $21 million worth of Coinbase stock on June 6 and followed that up with a purchase of Block Inc. shares worth $19.9 million between June 7 and 8. Daily cryptocurrency market performance. Source: Coin360 The resilience of the cryptocurrency space is supported by a risk on sentiment. The U.S. ...

The program offers 388 mGNO to each of the first ten validators that runs in a listed country. Gnosis Builders, developer of blockchain network Gnosis Chain, has announced a $5 million project to increase the number and diversity of validators through incentive mechanisms. The new project is called “Gnosis VIP,” according to an April 18 announcement from the company. As part of the new project, Gnosis is launching a “Geographic Diversity Program” that seeks to increase the number of countries Gnosis Chain validator s are located within. The network currently has over 100,000 validator s spread across 60 countries, and the program ’s goal is to increase the number of countries to 180 by year’s end, the announcement said. According to the program’s official webpage, for each of the 90 countries listed, the first ten validators that start operating within them will receive 388 meta Gnosis (worth $1,368.18 at April 12 prices) over the course of six months. Meta Gnosis (mGNO) is the wrappe...