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An analyst who has earned the Master Trader rank on the crypto exchange Bybit believes that Ethereum (ETH) is gearing up for new upside bursts. Pseudonymous analyst Bluntz tells his 318,700 followers on the social media platform X that Ethereum appears to be in the midst of a five-wave rally on the four-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge before going through a correction. The analyst predicts that Ethereum will still hit his upside target of $3,500 even though President Trump’s latest tariff threats are weighing down markets. “Despite the trump tariff tantrum which happened legit 10 minutes after I went to sleep, I think ETH still looks ok and going to assume a range here.”  Source: Bluntz/X At time of writing, Ethereum is trading for $2,478. The analyst is also bullish on the Ethereum-based memecoin SPX6900 (SPX). Bluntz thinks that SPX is now in an uptre...

Many a cryptocurrency trader spotted the opportunities presented by new or struggling digital assets, thus turning modest sums of money into veritable fortunes within mere days and, sometimes, hours throughout 2024. In the small hours of February 7, 2025, one such investor saw and took an opportunity to bet on a new token – Berachain (BERA) – collapsing in value soon after its launch, thus reversing a common theme of many traders being left ‘holding the bag’ after the often brief and violent post-listing rally. Specifically, the short trader used approximately 1.6 million USDC stablecoin to bet against BERA on the decentralized platform Hyperliquid to bet against the cryptocurrency.  Picks for you Bybit announces a Valentine’s Day deal with 14% cashback for Bybit Card holders 1 hour ago ...

A top crypto strategist says money invested in Bitcoin (BTC) is unlikely to rotate into the altcoin market at levels seen in previous cycles for one key reason. Pseudonymous analyst The Flow Horse tells his 259,500 followers on the social media platform X that many Bitcoin investors who are now contributing to its strong performance are unlikely to move profits into alts. He says Michael Saylor’s MicroStrategy massive purchases of Bitcoin and those investing in Bitcoin spot exchange-traded funds (ETFs) are major bullish catalysts for the flagship crypto this cycle. However, he believes these entities are not going to rotate their profits into alts. “The money that bought and is responsible for moving Bitcoin is fragmented away from this market. It’s ETFs and Saylor. Most people here jumped into alts thinking this flow would follow, meanwhile it is on IBKR (electronic trading firm Interactive Brokers) and ThinkorSwim [trading platform]. Market str...

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 bel...

A trader known for making timely altcoin calls is revealing his true bull market price target for memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go much higher than most people expect. The analyst looks at Dogecoin versus Bitcoin (DOGE/BTC) to forecast the memecoin’s potential bull market top. “DOGE/BTC from a cycle perspective is now in a monster uptrend, it did a cycle ABC lasting from 2021-2024 which drew down 90%. I would expect DOGE/BTC to hit an all-time high this cycle and a simple 1.618 extension measured from the prior cycle is typically a good and simple measurement. That takes us to 0.00002 BTC which is 373% higher.”  The analyst practices Elliott Wave theory, which states that an asset tends to continue its uptrend after completing a three-part “ABC” correction. While Bluntz thinks that DOGE/BTC will soar to 0.00002 BTC, he hig...

The market will have losers and winners in the speculative trading game, with capital outflowing from the former to the latter. Usually, the winning group is made of a smart trader’s minority, leveraging some sort of edge against the losing majority. In a cautionary tale illustrating these dynamics, Lookonchain reported two highly opposing results from recent meme coin trading activities. On one side, a smart trader turned a $3,000 initial purchase into $9 million of unrealized profits. Conversely, another trader lost $43,500 worth of Solana (SOL) while buying meme coins from ‘Fear Of Missing Out’ (FOMO). Picks for you Why Bitcoin is set to surge past $130,000 in January 2025 59 mins ago What's next for BTC amid Euro...

Shiba Inu (SHIB) entered the cryptocurrency market as a revolutionary asset. The meme coin has surged 16188568.48% from its all-time low. SHIB is currently the second largest meme coin, with a market cap of $7.81 billion. However, the asset has been in a rut lately and is over 80% below its peak. At press time, it was trading at $0.00001322, following an 8% drop over the week. Also Read: Fed Flags Texas Bank’s Crypto Deficiencies: Impact on Coinbase and ETF Issuers The Journey Of A Shiba Inu Investor Source The Shiba Inu ecosystem wasn’t always in a price rut. Looking back, a SHIB investor became a billionaire with a reasonable investment. In August 2020, an investor poured $8,000 into a new meme coin called Shiba Inu. After over a year, the $8,000 transaction became $5.7 billion. Since launching in August 2020, Shiba Inu Coin has increased by almost 7 million percent. Also Read: BlockDAG Investors Are Calling This New Crypto Presale a Game Changer Shiba Inu’s Meteoric Rise ...