DeFi News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Cryptocurrency trader and author Scott Melker has emphasized that after XRP’s explosive move from trading below the $1 mark, the token still has significant potential for a big move in the near future. According to Melker, XRP’s path to becoming the “next big mover” involves more than just its recent history of rapid price action, he explained in an interview with David Lin published on May 17. Melker highlighted that XRP’s breakout was driven by several key developments, including its effective classification as “not a security,” which removed a major regulatory overhang. This legal clarity allowed the token to gain momentum in the optimism of the post-election market.  Further boosting sentiment, XRP was included in spot exchange-traded fund (ETF) applications and the possibility of being part of the United States’ strategic digital asset stockpile, reinforcing its status as a major player in the market. However...

A crypto analyst known for accurately calling Bitcoin’s pre-halving correction last year believes that BTC needs to reclaim a key technical indicator as support to regain bullish momentum. Pseudonymous crypto strategist Rekt Capital tells his 542,600 followers on the social media platform X that BTC appears to be mirroring its price action in 2021 when Bitcoin consolidated between two key exponential moving averages (EMAs) on the weekly chart. According to Rekt, Bitcoin must convert the 21-week EMA into support to trigger the resumption of bullish price action. “Earlier this week, Bitcoin rejected from the 21-week EMA resistance (green). As a result, Bitcoin continues to consolidate between these two Bull Market EMAs, much like it did in mid-2021. Nonetheless, for the future, the key confirmation signal for a breakout will be a weekly close above the green EMA followed by a post-breakout retest of it into new support (light blue circle).” Sour...

A widely followed analyst believes that one large-cap altcoin now has a compelling narrative that will fuel its surge to a fresh record high. Pseudonymous analyst Kaleo tells his 685,600 followers on the social media platform X that Litecoin (LTC) appears to be mimicking its 2021 bull market pattern when it shattered a diagonal resistance before surging to a cycle high. According to Kaleo, LTC is repeating a similar price action but he thinks Litecoin will ascend to new all-time highs and breach the $1,000 price area, fueled by the LTC exchange-traded fund (ETF) narrative. “LTC/Litecoin I’ve been waiting for this HTF (high time frame) setup to look like this since the last halving in August of ’23. It’s so insanely clean and simple, and with Bloomberg moving it to the highest % chance for an ETF approval this year, it finally has a narrative to happen. Send it to new all-time highs with haste.”  Source: Kaleo/X Looking at the tra...

A top trader known for making timely altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge. Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming. The trader shares a chart suggesting that SHIB may be close to repeating its early 2024 price action when it exploded by about 450% in just two months. “SHIB looks insanely strong, it’s obviously in a solid uptrend but it’s been a controlled one, no parabolic break… YET. But it’s coming, SHIB/BTC pair also accumulating at rock bottom. I legit think this will pull multiple Xs.” Source: Bluntz/X At time of writing, SHIB is trading for $0.0000276. Another memecoin on the trader’s radar is the Solana (SOL)-based altcoin dogwifhat (WIF). Bluntz says WIF appears to be in the early stages of a five-wave uptrend that could propel the meme token to double d...

Meme coins have been on an upward trend since spring — and although noted experts like Michaël van de Poppe warn that the surge could die down soon, there are still plenty of profits to be had — provided that opportunities are spotted in time. This is best exemplified by savvy traders who manage to turn humble investments into hundreds of thousands, if not millions of dollars. However, there’s a catch — impressive as they are, these trades are highly speculative, risky, and timely — on top of that, they’re often executed by accounts that place dozens of trades a day. Unsurprisingly, this leads to speculation as to whether or not insiders or automated systems are actually placing the trades. Picks for you Ripple sells $100 million of XRP amid shy ‘Uptober’ and Kamala Harris donation 1 hour ago ...

A meme coin trader turned $96 into $3 million in just over a year trading Donald Trump -themed political token MAGA (TRUMP). A Remarkable 32,000X Gain From A 0.052 ETH Bet On MAGA On-chain tracking platform Lookonchain shared the details of the impressive trade in an Oct. 18 post on X. According to the tweet, the trader spent only 0.052 Ethereum (ETH), valued at around $96, to purchase 608,650 TRUMP on Aug. 12, 2023.  What can you do with $96? This guy made over $3M with only $96, a 32,000x return! He spent only 0.052 $ETH($96) to buy 608,650 $TRUMP on Aug 12, 2023, and started selling $TRUMP for a profit 6 hours ago. So far, he has sold 6K $TRUMP for 11.4 $ETH($30K), leaving 594,564… pic.twitter.com/OacHY6a4RW — Lookonchain (@lookonchain) October 18, 2024 The trader appears to have diamond hands, and has only sold 6K TRUMP tokens so far for 11.4 ETH, worth around $30K. This means that the trader still has 594,564 TRUMP tokens.  At the time of Lookonch...

Veteran trader Peter Brandt forecasts a major surge in Bitcoin’s (BTC) value compared to gold (XAU), predicting BTC could reach 100 ounces of gold within the next 12 to 18 months.  Currently, it takes 29 ounces of gold to buy one Bitcoin, suggesting Brandt’s prediction could result in a 230% increase in BTC’s value against gold. Bitcoin has steadily gained ground against gold since its inception. In 2017, Bitcoin surpassed gold in terms of price, peaking at $19,649 on December 17, while gold traded at $1,264 per ounce, requiring 15.5 ounces of gold to buy one Bitcoin. Picks for you Joe Biden steps back, vetoes crypto bill after Trump conviction 50 mins ago Bitcoin price explosion: Chart patterns identify explosive BTC l...