Tag: Egld

These Crypto Assets Have 10X Potential in 2022, According to Altcoin Daily

by Dailyhodl

Crypto analyst and host of Altcoin Daily Austin Arnold is laying out his top crypto picks as the markets try to shake off a sluggish start to the year.

In a new video, the closely followed trader tells his 1.19 million subscribers that he remains interested in Bitcoin (BTC) as an asset despite the massive selloff which the top crypto has undergone since hitting an all-time high above $69,000 in November.

“People are buying the dip from every exchange. Bitcoin is leaving exchanges.

Miners are not selling their Bitcoin, they’re holding onto it.”

At time of writing, Bitcoin is down 2.02% to $42,613.

Next on Arnold’s list is the leading smart contract platform Ethereum (ETH), noting that,

“Ethereum has its own supply shock going on.

Ethereum 2.0 deposit contract has surpassed $30 billion in value. Once [holders] put their ETH in the deposit contract, they can’t take it out again until it is fully transitioned.”

Ethereum is down 2.17% on the day and trading for $3,259.

The show host has his eye on decentralized finance protocol Uniswap (UNI), which recently deployed on fellow layer-2 protocol Polygon (MATIC).

“2022 might be the year of layer-2s.”

Uniswap is valued at $15.61 while Polygon is trading for $2.26.

Another layer-2 the Altcoin Daily host is keen on is Immutable X (IMX), a scaling solution for non-fungible tokens (NFTs) that aims to enable near-instant, zero gas fee transactions.

The altcoin is down 3.24% on the day and priced at $3.55.

Next on Arnold’s list is the open-source platform Tezos (XTZ), which has been racking up corporate partnerships lately. The latest milestone sees apparel giant The Gap releasing NFT collectibles based on the Tezos platform.

“Tezos is certainly an altcoin to watch doing big things.”

Tezos is also down slightly today to $4.18.

Looking at the Internet of Things space, the Altcoin Daily host highlights open-source public blockchain Helium Network (HNT), which recently surpassed the 450,000 hotspot milestone.

Arnold says of Helium,

“It is a quality [venture capital]-backed project.”

The altcoin is currently priced at $32.59, down 7.23% on the day.

Enterprise-grade scalable blockchain platform Elrond (EGLD) also makes the list of crypto assets to watch after acquiring Web3 payments provider UTRUST (UTK), which in turn integrated EGLD as a form of payment.

“Big win for EGLD.”

Elrond continues the overall daily downtrend and is off by 6.57% to $196.72.

Last on the Altcoin Daily docket is decentralized exchange platform dYdX (DYDX), which the host notes is aiming to achieve full decentralization by the end of this year.

Currently, dYdX is up 2.38% and changing hands for $7.81.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here’s What’s Next for Bitcoin, Ethereum, XRP and Two Additional Altcoins, According to Analyst Michaël van de Poppe

by Dailyhodl

A popular crypto analyst and trader is laying out his predictions for a handful of leading crypto assets as the markets rebound.

In a tweet to his 557,000 followers, Michaël van de Poppe says that greener pastures might be on the horizon for Bitcoin (BTC) if the leading crypto can hold the $42,000 support level.

“If the area around $42K holds, I’m assuming we’ll start looking upwards.

Above $43K we might accelerate towards $46K as there’s not much in between for Bitcoin.”

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Source: Michaël van de Poppe/Twitter

Currently, Bitcoin is up 2.32% and priced at $43,639.

The analyst next looks at decentralized network Ethereum (ETH), which recently snapped out of a month-long slump. He’s eyeing two key levels to see where the leading smart contract platform is headed moving forward.

“Good bounce from Ethereum.

Levels I’m watching are $3,350 and $3,600 to break for further bullish perspectives.”

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Source: Michaël van de Poppe/Twitter

Ethereum is currently up 3.76% for the day and trading at $3,345.

Van de Poppe moves on to distributed ledger XRP, which last traded above a dollar on December 23rd and has been ranging between $0.70 and $0.80 over the past week. The analyst highlights in his chart how XRP is trading in the same range as it did right before breaking out last summer.

“Not the worst spot to be looking at XRP, to be honest.”

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Source: Michaël van de Poppe/Twitter

XRP is trading for $0.79 at time of writing.

Looking at enterprise-grade scalable blockchain platform Elrond (EGLD) in the EGLD/BTC trading pair, Van de Poppe highlights the 0.004217 to 0.004834 range, which the altcoin hit in November and December of last year before its most recent major breakout.

“EGLD might be bottomed.”

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Source: Michaël van de Poppe/Twitter

Elrond has seen choppy price action this past month, falling from a December 15th high of $338.55 to a low of $186.88 on January 7th. ELGD is up 2.55% on the day and changing hands for $211.93.

Van de Poppe wraps up his crypto predictions by examining supply chain management project VeChain (VET) on the VET/BTC trading pair. The analyst thinks the VeChain chart mirrors past price action and VET might break out after further consolidation within the range of support.

“For VET, this one is still showing movements which are comparable to the price action we’ve seen in 2020-2021.

Didn’t break through a crucial resistance.

Some more consolidation until a new impulse move can start.”

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Source: Michaël van de Poppe/Twitter

VeChain has gotten a nice 5% boost today and is worth $0.08 at time of writing.

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Mid-Cap Ethereum Competitor and Three Altcoins Entering Areas of Interest, Says Crypto Analyst Michael van de Poppe

by Dailyhodl

Cryptocurrency analyst and trader Michael van de Poppe is examining the potential entry points for one mid-cap Ethereum challenger and two additional altcoins.

In a new video, Van de Poppe tells his 156,000 YouTube subscribers that he’s keeping a close watch on Algorand (ALGO), a cryptocurrency for payments and a blockchain for decentralized finance applications.

According to the crypto strategist, Algorand’s bearish performance against Bitcoin (ALGO/BTC) in the last few months has driven the pair to a key level of interest.

“We’ve got a few important support levels that we have to look at. The first one is the level that we’re currently seeing here [0.00002635 BTC or $1.35] which makes the entire block beneath that level an important zone to look at for potential entry points.”

Van de Poppe says that as long as ALGO/BTC trades above the support level, it has a shot to ignite a nearly 40% surge to resistance at 0.00003620 BTC or $1.85.

Algorand is trading at $1.37 at the time of writing while Bitcoin is exchanging hands at $51,122.

Next up is the native token of Elrond (EGLD), a scalable smart contract blockchain platform designed for enterprises.

Van de Poppe says he expects Elrond to continue correcting against Bitcoin (EGLD/BTC) until it hits a key level of support.

“This entire block [around 0.004220 BTC or $215.72], that is definitely the area that I’ll be looking at for potential trades as then we are also retesting the previous high for support. That would be the ultimate, ultimate entry point for Elrond.”

Elrond is trading at $261.32 at the time of writing.

Next up is VeChain (VET), a blockchain platform built to help companies optimize their supply chains.

According to the crypto trader, VeChain needs to take out two crucial resistance areas against Bitcoin to ignite an uptrend.

“What is the level that I preferably want to see VeChain breakthrough? I’d want to see it break through this entire block around 0.00000190 BTC ($0.09).

And then the second one I want to see it breakthrough is the entire level around 0.00000210 BTC ($0.11). Because if that one breaks, I think we are breaking or we are facing this recent high (0.0000025 BTC or $0.13).  creating ourselves a higher low, and then we have a new trend starting upwards.”

VeChain is trading at $0.08 at the time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here’s What’s Next for Decentraland, The Sandbox and Elrond, According to Crypto Analyst Michaël van de Poppe

by Dailyhodl

Cryptocurrency analyst and trader Michaël van de Poppe is warning traders against buying Decentraland (MANA), The Sandbox (SAND) and Elrond (EGLD) at their current prices.

Van de Poppe tells his 148,000 YouTube subscribers that following the “epic runs” of these three altcoins, it’s time for investors to take profits in Decentraland, a virtual-world blockchain; Elrond, a scalable blockchain; and The Sandbox, a gaming platform.

“…if you are in those projects, I think the point has come to actually take profits, especially when it comes to MANA and SAND. Those have been running heavily. You have to take profits before a heavy correction starts to take place because at this point the downwards momentum might be heavier than the upwards momentum.”

Looking at the Elrond/Bitcoin (EGLD/BTC) chart, the crypto analyst says that buying opportunities are gone until a correction adjusts prices to the 0.005 BTC ($291) and 0.006 BTC ($349.20) level.

At time of writing, Elrond is trading at $427 while Bitcoin is exchanging hands at $58,200.

“If you’re seeking for any trade opportunity right now, I think the opportunities are quite gone. But the [EGLD/BTC] chart itself says that every level gets a beautiful retest taking place here before it starts to continue.

So I’m looking at any of these two levels [between 0.005 BTC and 0.006 BTC] to take any entry from, based on a daily time frame.”

Van de Poppe says he’s hoping to pick up SAND if it retraces down to about 0.00007 BTC ($4.07). The asset is trading at $7.27 at time of writing.

“So SAND, I’m not interested in trading this one at all. I’m going to look at anywhere in this region [below 0.00007 BTC] for any scalp opportunities.”

Decentraland’s MANA is trading at $5.10 at time of writing. According to the crypto analyst, MANA could drop to around 0.000055 BTC ($3.20) where it could present opportunities for longer-term trades. He recommends looking for scalping opportunities if it starts trading below 0.00007 BTC ($4.07).

“You can start looking for scalp rates here [0.00007 BTC]. But more likely, we’re going to get into this region here [around 0.000055 BTC] where you want to take some trades.”



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Crypto Trader Aaron Arnold Bullish on Several Altcoin Projects, Predicts Continued Dominance for Bitcoin and Ethereum

by Dailyhodl

Altcoin Daily host Aaron Arnold is explaining why he sees big potential for several mid-cap altcoins while predicting continued success for Bitcoin (BTC) and Ethereum (ETH).

In his latest YouTube video, Arnold tells his 1.11 million subscribers that he expects the decentralized wireless platform Helium (HNT) to continue rising.

“This project is very heavily VC [venture capital] backed, but in my opinion they have a lot of quality VCs and they are doing real things.

Token scarcity is built into Helium token economics. As the number of Hotspots increases and as halvings occur every two years, the average HNT burned per day by Hotspots naturally decreases.”

Helium is a blockchain with operational nodes known as Hotspots, a combination wireless gateway and mining device. HNT is currently trading at $52.88.

Recent news about Elrond Network (EGLD) has the Altcoin Daily co-host excited about the high-speed transactional blockchain.

“Elrond Network is bridging to this bluechip centralized stablecoin [Coinbase’s USDC]. 

And this just speaks to what we see from Elrond on a weekly or monthly basis. Their amount of building, partnerships, bridging, updates, everything like that cannot be ignored.

10 million transactions, 888,000 accounts, 3,200 validators.”

Arnold is reacting to the news of the US Dollar Coin (USDC) stablecoin going live on the Elrond platform. EGLD is up 21.6% over the last 14 days, trading at $311.85 at time of writing.

The widely followed crypto trader is also predicting a big future for decentralized finance (DeFi) platform Aave (AAVE) after a recent unanimous vote within the community to upgrade the platform to V3 (version 3).

“[Aave] is a blue chip in the lending and borrowing decentralized finance space. They’re just about to go through a major upgrade.

If this goes off without a hitch, we’re going to see some major upgrades, and this is going to be good for Aave.

Version three is very sexy once you begin to understand it. Basically, you can borrow and lend on different chains.”

Despite the upgrade, AAVE is down 8% over the last seven days, currently exchanging hands at $306.28.

Next, the Altcoin Daily co-host can’t help but discuss the two biggest players in the crypto space: Bitcoin and Ethereum. As for the largest crypto asset by market cap, Arnold issues a stern warning to those “sleeping” on BTC.

“I’d be remiss if I didn’t point this out to you, because I’m very bullish on Bitcoin. Bitcoin supply is getting tighter with each passing day.

Supply shock is no joke. Do not sleep on Bitcoin, ladies and gentleman.”

BTC is trading at $63,768 at time of writing, down nearly 3% in the last 24 hours.

Finally, Arnold makes the case for leading smart contract platform Ethereum (ETH) to continue stealing market dominance from Bitcoin.

“Coinbase Q3 earnings are out. Ethereum volume surpasses Bitcoin volume for the second straight quarter. 

We’re starting to see a shift.

Ethereum’s dominance, or growing dominance, cannot be denied.”

ETH is exchanging hands at $4,635 at time of writing.

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Elrond Enters Price Discovery Mode With $440 in Target

by Cryptobriefing

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Here’s What’s Next for Ethereum, Solana and Elrond, According to Crypto Trader Michaël van de Poppe

by Dailyhodl

Crypto analyst and trader Michaël van de Poppe is plotting the potential path ahead for smart contract platforms Ethereum and Solana, as well as internet-scale blockchain Elrond.

In a new strategy session, Van de Poppe tells his 135,000 YouTube subscribers that he expects Ethereum (ETH) to respect its immediate resistance at $3,900 one more time before finally breaking out.

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“At this stage, we’re facing resistance for the third time assuming that we might be getting a rally like this (move to $4,000) before we correct a little bit and continue running after the corrective move has taken place on Bitcoin and ETH. In that case, probably around $4,000 we can still hit.”

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Source: Van de Poppe/Twitter

Looking at Solana (SOL), the crypto strategist expects the seventh-largest crypto asset to continue its correction before it could restart its uptrend and print a new all-time high at $240.

“At this stage, jumping into Solana is quite tricky, to be honest. If you’re looking at the price action, you want to look at support levels to jump into. So you’re looking at those ranges ($122, $97 and $78) to potentially build your position towards the next run as the assumption is that we most likely are going to get run over it in the next phase of this bull cycle.”

The last coin on the trader’s radar is Elrond against Bitcoin (EGLD/BTC), which he says is poised to print a higher low at its current trading value of 0.0036 BTC, worth $222.87.

“First point of interest hit on EGLD.”

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Source: Van de Poppe/Twitter

According to the trader’s chart, the EGLD/BTC looks ready to ignite a rally to a new all-time at 0.007 BTC ($433.36), marking a potential upside of over 94% from current prices.

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These 5 Cryptocurrencies Have the ‘Greatest Potential’ in October, According to Trader Lark Davis

by Dailyhodl

Widely followed crypto trader and market analyst Lark Davis is looking at five specific cryptocurrencies to shine in October.

The trader tells his 437,000 YouTube subscribers that he is bullish on Solana (SOL), Polygon (MATIC), Elrond (EGLD), Polkadot (DOT), and Bitcoin (BTC).

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Starting with Solana, Davis thinks that Solana’s blooming NFT space will bring more investors to the project.

“Now one thing that’s getting me very excited about Solana right now [is] NFTs. We are seeing a lot of NFTs launching on Solana these days, and we’re starting to see a lot of NFT structure coming into play here…

The whole NFT craze that’s been happening on Solana is very serious. We’ve seen people flipping NFTS for insane gains over on Solana, showing that Solana is providing the kind of NFTs that people want to buy and want to use to make money off of.”

The next coin on Davis’s list is Polygon. He expects MATIC to regain its momentum after daily usage appears to be increasing.

“Polygon had more daily active users than Ethereum for the first time ever. MATIC had 351,000 daily active users compared to Ethereum’s 326,000 daily active users.

And it makes sense, I understand why. When you go over and you use Polygon, you can use basically all the same great stuff that you can use on Ethereum, but for a fraction of the cost, which is of course very, very cool.”

He also mentions that MATIC is partnering with the multinational consulting firm Ernst & Young to develop more Ethereum (ETH) scaling and enterprise solutions.

Next up is Elrond (EGLD). The trader notes that while the network is growing with users, he’s expecting price appreciation to take off after more products and decentralized finance (DeFi) applications start to launch on the platform.

“I think that when we start getting the applications launching here, and that’s gonna be very, very soon, then we’re gonna start seeing the total value locked coming in, then we’re gonna see people FOMO’ing into the EGLD asset in order to lock it up in different DeFi applications. That’s when we’ll really start to see the price appreciation happening. We’re right on the precipice of that moment.”

The fourth token on his list is Polkadot (DOT). Davis thinks that DOT is ready to rise now that the highly anticipated parachain auctions are expected to come to Polkadot’s blockchain soon.

“Once that gets announced, I think that’s going to be a very bullish announcement for Polkadot, and that we’re gonna see the Polkadot asset rally into that first parachain auction… We’re gonna get an announcement on this sooner than a lot of people probably expect, so [I’m] definitely keeping an eye out for that.”

Finally, Davis is expecting higher prices from Bitcoin this month. The trader speculates that while the approval of a Bitcoin Futures ETF is mainly bullish for Wall Street, it will open the door for regulators to approve a Spot Bitcoin ETF for which investors have been waiting for years.

“I think that a Futures ETF launch opens the door for a Spot Bitcoin ETF, which is what we really want because that actually matters. That actually takes real Bitcoin, locks it up, issues out a paper contract on your brokerage account in order to be able to gobble that up. That’s the kind of Bitcoin ETF that we want…

A Futures ETF is bullish, a Spot ETF is mega bullish, and I think that the Futures ETF is probably the gateway drug for the Spot ETF, and that could happen very, very soon.”



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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Trader Michaël Van De Poppe Plots Ethereum Path to $20,000, Predicts Rallies for Chainlink and Four Altcoins

by Dailyhodl

Popular crypto analyst and trader Michaël van de Poppe is plotting Ethereum’s (ETH) price path to $20,000 while also predicting rallies for Chainlink (LINK) and four other altcoins.

The crypto strategist tells his 424,200 Twitter followers that he sees Ethereum following its 2017 bull market trajectory.

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“Beautiful comparison between ETH 2017 and ETH 2021. Had a similar structure in 2017, where it broke south with a correction of 50%. Now, the same price action takes place, with a correction of 35%. The path to $15,000-20,000 per ETH is still open.”

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Source: Van de Poppe/Twitter

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Source: Van de Poppe/Twitter

The crypto analyst is also bullish on decentralized oracle network Chainlink against Bitcoin (LINK/BTC). Van de Poppe sees LINK rallying to resistance at 0.0007 BTC, worth $29.42, and representing a 27% move from its current value of 0.00055 BTC ($23.11).

“Chainlink: the most undervalued coin in the top 20. I’m still bullish on this one and oracles.”

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Source: Van de Poppe/Twitter

The next coin on the trader’s radar is Elrond (EGLD), a blockchain platform designed to power distributed apps, enterprise use cases, and crypto transactions. According to Van de Poppe, Elrond is poised for a strong rally against Bitcoin (EGLD/BTC) to his target of 0.008 BTC, worth $336.25.

“This one is always one of the earliest runners. Earlier this year, February, it ran as one of the first coins too. Beautiful [support/resistance] flip. I think we hold that level and have another run to [0.008 BTC].”

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Source: Van de Poppe/Twitter

Next up is payments infrastructure platform COTI (COTI), which Van de Poppe says must stay above support at $0.48 or $0.41 to have a shot at igniting a surge of over 100%.

“Flip of either of those two levels and continuation towards $1 is likely.”

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Source: Van de Poppe/Twitter

Another coin on the trader’s radar is Harmony (ONE), a blockchain focused on powering a decentralized economy. According to Van de Poppe, Harmony is gearing up for a 90% rally in its Bitcoin pair (ONE/BTC) from its current value of 0.00000368 BTC ($0.15).

“Massive [support/resistance] flip and bounce from this one here. That’s great! Looking at continuation happening, through which we might see a bit more correction before 0.000007 BTC ($0.29) is next.”

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Source: Van de Poppe/Twitter

The last coin on Van de Poppe’s list is decentralized machine-learning network Fetch.ai (FET). According to the crypto strategist, Fetch.ai looks bullish against Bitcoin (FET/BTC) after converting previous resistance at 0.000014 BTC ($0.59) into support.

“Probably ready for 0.00005 BTC ($2.10).”

Image
Source: Van de Poppe/Twitter

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here Are the Top 4 Altcoins To Watch As New ‘Altseason Commences,’ According to Crypto Analyst Scott Melker

by Dailyhodl

Crypto analyst Scott Melker is sharing his top four assets as altseason heats up again.

In a new video, Melker tells his 77,000 subscribers that he is keeping an eye on scalable blockchain network Cosmost (ATOM) in both its Bitcoin (BTC) and USD pairs.

Looking at the asset’s Bitcoin pair, Melker says he’s interested in ATOM if it can close above 0.000357 BTC ($16.01 at time of writing).

According to Melker, ATOM is also hitting resistance at just under $17 in its USD pair. If the asset can break cleanly above this level, it could be giving “a very clear signal that this is entering a new uptrend,” says Melker.

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Next up, Melker takes a look at blockchain project Avalanche (AVAX), which is also meeting resistance against Bitcoin at 0.00054 BTC ($24.20 at time of writing). The asset is on the verge of flipping the 50-week moving average, according to the analyst.

“If you flip 0.00054 [BTC] here, you should be levitating up to 0.00089507 [BTC].”

Looking at the AVAX/USDT pair, Melker sees a potentially clean breakout above $21. According to the analyst, if the USDT pair maintains a clean break above that level, then AVAX could experience a similar break in its BTC pair.

Melker also discusses blockchain network Egold (EGLD). In its Bitcoin pair, EGLD is currently at the top of a move and will likely consolidate for a period, says Melker. If it can close above 0.003 BTC ($134.21 at time of writing), it could signal confirmation of a breakout and provide a solid long trade, according to the analyst.

Melker says that if EGLD can close above $150 in its USD pair, his next target will be $200.

Melker is also watching SushiSwap (SUSH). The analyst says that although the asset is triple-bottoming, it could confirm a breakout if it can sail above 0.000279 BTC ($12.48 at time of writing) in the Bitcoin pair.

Against USD, if SUSHI breaks clear of the $13.40 level, it could “levitate” up toward $22 and almost pull a 2x, according to Melker.

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Bitcoin (BTC) $ 43,886.76 0.47%
Ethereum (ETH) $ 2,245.10 2.32%
Litecoin (LTC) $ 72.83 1.92%
Bitcoin Cash (BCH) $ 246.64 2.37%