Chain News Daily Today TheBitTimes.com

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 cryptocurrency market had somewhat of a turnaround after a sluggish start to the year. That includes Shiba Inu, as the prominent meme coin ended a 3-month losing streak, with all eyes on what the market and traders can expect from SHIB as it enters Q2. The cryptocurrency recently set a major milestone as it reached an $8 billion market cap, securing it within the top 15. Moreover, there is potential for the asset to surge in the coming months. The question is, just how high can SHIB go if the market enjoys a notable turnaround? Source: Watcher Guru Also Read: Shiba Inu: Just $10 in SHIB Could Have Made You a Millionaire Shiba Inu Starts Q2 Off With a Jump as SHIB Could Reverse 2025 Fortunes It has certainly been an interesting year so far for both the cryptocurrency market and Shiba Inu. The token has jumped more than 4.36% in the first day of May, according to CoinMarketCap. Although it has only jumped by less than 1% over the last week, it is trading firmly at the $0.000013 level...

Ripple (XRP) is busy forging new milestones. The token is at the center of mainstream activity with the long queue of the XRP ETFs waiting to seek approval from the US SEC. Apart from that, Ripple has always been known as one of the leading ambitious coins, charting its own price path with great precision and care. Now that the token is free from all the legal barriers, this is how high XRP can trade one year from now, per recent technical Analysis and markers. Also Read: How Much Bitcoin (BTC) Does North Korea Hold? Ripple: Where’s The Token Currently? Source: Bitcoin News XRP is currently trading at $2.46, up 3% in the last 24 hours. The token is aiming for a price above $3 as the primary target to ace first. Per Dark Defender, a notable cryptocurrency expert, XRP has the potential to ace even bigger price targets, ultimately hitting the ambitious $5 to $8 price marks in no time. “Hi all. Today, I want to share an update on the monthly structure we previously used, along with t...

The cryptocurrency market is currently seeing major shifts in its price. The latest carnage did not spare any coin. The meme coin market was among the most affected. Dogecoin (DOGE) has been struggling throughout the month of February. The asset started the month at a high of $0.3407 but soon plummeted to a low of $0.1819. This represented a drop of 43%. While some were panicking about this decrease, whales were quickly accumulating the meme coin. Can the whales add momentum to DOGE’s price? Also Read: Bitcoin Crash Is a Gift How Did Dogecoin Fare Over the Past Day? Source: CoinGape At the time of writing, Dogecoin was trading at $0.1867. The asset recorded a massive drop of nearly 11% over the past 24 hours. Earlier today, DOGE was priced at a high of $0.2112 before dropping to its current low. The past week has been challenging for the meme coin as it decreased by 27% during this period. Also Read: De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff T...

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...

Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Coinbase amid a high volume surge in the trading of memecoins launched on the SOL network. In response to one customer complaining of delays on the social media platform X, Armstrong says, “Team is working hard on scaling our Solana infra now – lots of Solana activity last few days, we were not anticipating this level of surge.” Armstrong also responds to another customer complaining they’ve been waiting two days so far for their transfer of SOL to a private wallet to go through. “It’s a scaling challenge keeping up with activity on Solana chain (which surged lately), not solvency. Customer funds are 100% backed and audited periodically by Deloitte. Team is working hard to resolve it.” According to blockchain data aggregator DefiLl...

Ripple’s XRP has been a top performer throughout 2024. The asset recorded a massive spike of 340% over the past 12 months. During this time, XRP managed to surge not only beyond $1 but also $2. The altcoin surged all the way to a high of $2.86. But 2025 started on a rather dull note for the asset. This, however, doesn’t mean that the rest of the year will unfold on a similar note. Also Read: Dollar Hits 6-Month High as U.S. Jobs Data Shows 269,000 Gain XRP Turns Over A New Chapter Source: VOI After a shabby start to the new year, XRP seems to have begun its recovery journey similar to the rest of the market. The asset was trading at $2.54, during the time of writing. This comes after a notable 3.37% spike over the past 24 hours. Source: CoinMarketCap Despite the asset’s notable growth over the past year, it failed to move close to its all-time high. XRP recorded a high of $3.84 back in the year 2018 about seven years ago. Today, the asset trades 33.95% below this peak....

The cryptocurrency market started the year on a bullish note. Several assets witnessed a notable surge over the past day. But Ripple’s XRP, in particular, stood out. The altcoin managed to climb up the cryptocurrency ladder after it recorded a double-digit rise. But the real challenge is if XRP can continue this trend and reclaim its all-time high over the next couple of days. Also Read: What Does De-bank Mean? XRP’s Meteoric Price Rise Source: Trackinsight Ripple’s XRP surged by a staggering 13.36% over the past 24 hours. During the time of writing, the asset was trading at $2.38. Earlier today, the altcoin surged to a high of $2.44 all the way from a low of $2.09. The asset is currently 37.59% below its all-time high of $3.84. This peak was achieved by XRP about seven years ago, in 2018. Source: CoinMarketCap In addition, the market cap of the asset also spiked. XRP is presently the third-largest cryptocurrency after taking over Tether (USDT). The asset’s marke...

Amid an ongoing price correction across the cryptocurrency market, Ripple’s December drop can’t stop its ongoing 44% surge as traders ponder whether or not XRP can end 2024 above the $2.50 mark. Indeed, the token has surged throughout the year but struggled during the holiday season along with the overarching market. There is an ongoing expectation that XRP will look to perform even better in the coming year. The token has thrived since the election of Donald Trump, and that sentiment could be massive for 2025. The question now is, just how high can it go, and what kind of head start can the conclusion of this year give it? Source: Investopedia Also Read: Ripple Surges 258% in 2024: What to Expect From XRP Next Year Ripple to End 2024 Above $2.50? What to Expect From XRP as 2025 Nears No matter how you slice it, 2024 has proven to be a massive win for the crypto sector. The asset class has been thriving, starting with the approval of crypto-based ETFs in January. In November...

The Render price surged 24% in the last 24 hours to trade at $9.87 as of 03:14 a.m. EST on trading volume that skyrocketed 248% to $1.7 billion. Render Price On A Sustained Rally The Render price has been on a sustained rally in November, having risen sharply within a rising channel over the past few weeks. The asset is in a clear uptrend, with higher highs and higher lows visible on the chart, after breaching the upper boundary of the rising channel within the $9.50 resistance, according to data from GeckoTerminal . RNDR price trades gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling an extended bullish trend but also suggesting overextension. Meanwhile, the Relative Strength Index (RSI) is at 59, nearing overbought territory (70+). This reflects strong buying pressure, but it also hints at the possibility of a short-term correction or consolidation before the trend resumes. However, the stochastic RSI 14 3 3 is at 49, showing a potential cooli...