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Cryptocurrency trader and analyst Ali Martinez says blockchain oracle Chainlink (LINK) could skyrocket by around 328% from the current level. Martinez tells his 154,400 followers on X that Chainlink could explode to $100 amid the formation of a bullish pattern on LINK’s weekly timeframe. Based on Martinez’s chart, Chainlink is forming a symmetrical triangle pattern – which is typically a neutral signal that turns bullish if the price breaks out from the upper trend line. Source: Ali Martinez/X Chainlink is trading at $23.39 at time of writing. Next up is XRP (XRP). Martinez says XRP is forming a descending triangle and could rally by around 21% from the current level. A descending triangle is typically bearish, but a breakout to the downward-sloping upper trend line is a bullish signal. “If XRP breaks out of this descending triangle, the next target is $3.60.” Source: Ali Martinez/X XRP is trading at $2.97 at time of writing. Next up is Avalanche...

Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago, and sold for 14.32 million USDC yesterday, losing $15.68 million. Gu2bnm…xmni spent 10 million USDC to buy 6.69 million MELANIA 22 days ago, and sold 6.27 million USDC in the past two days, losing $3.73 million.” Melania is trading for $0.85 at time of writing, down 93.5% from its all-time high of $13.05, which it hit on January 20th...

A widely followed crypto analyst says that the top altcoin Ethereum (ETH) is setting up for a gigantic rally later this year. In a new thread, pseudonymous crypto trader Credible Crypto tells his 453,200 followers on the social media platform X that the smart contract platform looks set to skyrocket – but not before it dips and presents a solid entry for long-term holders. ‘[Ethereum] is setting up for a face-melting rally later this year. Just be patient and take advantage of the dips for now. $2,500-$2,800 is the dream buy zone if we manage to get it down the road.” Credible Crypto goes on to note that Ethereum is close to hitting his downside target. “Now about 80% to my downside target – seeing some LTF (lower time frame) absorption here so maybe we are due for some relief before taking the lows. Let’s see.” Source: Credible Crypto/X Looking at the trader’s chart, he seems to predict that ETH will drop to support at...

Despite not being a full week old at press time, 2025 is already emerging as a strong continuation of the cryptocurrency – and meme coin – bull market. One digital assets trader turned into a spectacular example of this fact as they managed to, within just 10 hours, turn a $2,000 investment into more than $3 million in profit, per data Finbold retrieved from Solscan on January 6. The trader used 10 Solana (SOL) – worth just over $2,000 – to purchase 22 million Hyperfly (HYPER) in the afternoon of January 5. Shortly after minding, they began selling the meme coin, offloading nearly 18 million HYPER for 10,286 SOL (~$2.21 million). Picks for you Bitcoin could collapse to $78,000 warns crypto expert 29 mins ago Boeing s...

A crypto trader was able to achieve a $1 million profit within just 30 minutes trading a new meme coin called Nothing (VOID) that was launched by Sotheby’s vice president, Michael Bouhanna. The trader spent 35 Solana (SOL) worth around $8,200 to buy 462 million VOID, accounting for 44% of the crypto’s supply, shortly after the meme coin’s launch. Just 30 minutes after the purchase, the trader sold 439 million for 6,604 SOL worth more than $1 million, according to a Dec. 4 X post by on-chain analytics platform Lookonchain. Despite the big sale, GeckoTerminal data shows that VOID’s price is still up more than 3,400% in the last 24 hours to trade at $0.011 as of 7:07 a.m. EST. Not The Sotheby’s Vice President’s First Meme Coin Launch Bouhanna teased the art-themed meme coin in a Dec. 4 X post. Shortly after the post was published, a wallet address associated with the executive then minted the new token. 🔜 — Michael Bouhanna (@mic...

Pseudonymous crypto trader and influencer Machi Big Brother has lost $16 million investing in the SocialFi project Friend.Tech (FRIEND). On-chain tracking platform Lookonchain highlighted the popular trader’s losses in a Sept. 9 post on X. In total, Machi Big Brother spent around 5.2K Ethereum (ETH) worth $16.7 million to purchase 11.1 million FRIEND tokens. The total dollar purchase of this investment stood at $0.7 million at the time of the post, according to Lookonchain. Machi Big Brother(@machibigbrother) spent ~5.2K $ETH($16.7M) to buy 11.1M $FRIEND, now worth only $0.7M! He lost ~$16M on $FRIEND!https://t.co/j5UByo1LAf pic.twitter.com/4c5oQPNH62 — Lookonchain (@lookonchain) September 9, 2024 The token has soared over 61% in the past 24 hours, enbling Machi Big Brother to recover some of the losses from the bet on FRIEND. The token traded at $0.0986 as of 3:33 a.m. EST, pushing the dollar amount of the trader’s FRIEND position to over $1 million.  ...