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Bloomberg Senior ETF analyst Eric Balchunas has significantly raised the expectations for new crypto exchange-traded funds (ETF), predicting a 90% chance we might see a Solana (SOL) ETF this summer.  His bullish outlook follows recent moves by the U.S. Securities and Exchange Commission (SEC) and NASDAQ to approve a number of new altcoin ETFs. Accordingly, Balchunas predicts other cryptocurrencies like Litecoin (LTC) and (XRP) may also benefit from the trend.  Eric Balchunas’s altcoin ETF predictions. Source: X and Bloomberg New altcoin ETFs  Should the SEC plans materialize, it would represent a historic expansion of regulated crypto assets in the U.S. and usher in what Balchunas calls an “Altcoin ETF Summer.” “Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs.” A notable feature under consideration is ...

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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 ...

A widely followed cryptocurrency analyst and trader is leaning bullish on the altcoin market but with a caveat. The analyst pseudonymously known as Capo tells his 929,300 followers on the social media platform X that altcoins could go up by double-digit percentage points from the current level. “Expecting altcoins to pump 10%-20% from here. However, I believe this bounce is a bull trap because a big drop is likely to follow.” Source: Capo/X A bull trap is a move designed to lure in retail traders via a fake breakout but instead of continuing to rise, the asset abruptly reverses and moves sharply to the downside. According to the pseudonymous analyst, altcoins could bottom out and start a bull run once the potential downtrend is over. Based on Capo’s chart, it appears that Bitcoin (BTC) could simultaneously fall to a support zone between $79,000 and $86,000 before rallying to more than $112,000. Bitcoin is trading at $97,460 at time of writing. The...

Uniswap (UNI) is currently trading at $9.37, reflecting a modest 1.02% gain despite broader bearish trends in the cryptocurrency market. With its market cap at $5.64 billion, UNI has experienced both declines and gains in recent weeks, indicating a volatile but potential recovery phase. The token’s performance suggests key levels to watch closely, as the market sentiment could shift based on volume trends and broader DeFi developments. UNI Key Statistics Current Price: $9.37 Market Cap: $5.64 billion Trading Volume (24h): $218.70 million Circulating Supply: 600.5 million UNI Total Supply: 1 billion UNI CoinMarketCap Ranking: #26 UNI has decreased by -39.89% and -26.30% from its maximum prices over the past 30 and 7 days, respectively. In contrast, it has gained 27.77% from its lowest points within the same timeframes. UNI/USD Market Key Levels Resistance: $10.80, $12.50, $14.20. Support: $8.50, $7.20, $6.00. UNIUSD – Daily Chart Uniswap (UNI) is curre...

The Pepe price has surged 13% in the last 24 hours to trade at $0.00002048 as of 8 p.m. EST on a 60%  pump in trading volume to $1.5 billion. Pepe Price Bounces Back On A Double Bottom Pattern The Pepe price action shows a shift in market sentiment, transitioning from a bearish trend into a more bullish structure. Between June and October, the price remained trapped in a descending bearish channel, consistently making lower highs and lower lows. The downtrend found strong support near $0.00000070, a level that acted as a support, preventing further declines and indicating consistent buying interest. In early November, the price decisively broke out of the bearish channel around $0.00000120, signaling a shift in momentum. Following the breakout, the price rallied but retraced to retest support near $0.00000150. This formed a textbook double bottom, a bullish reversal pattern that often signals a trend reversal. PEPEUSD Analysis Source: Dextools.io Currently trading at $0.0000...

Though the community received it positively, XRP’s staggering rally through much of November 2024 ensured the token came well within the overbought territory. Indeed, such an assessment was proven correct in early December as the cryptocurrency stopped its surge shortly after breaking above $2.80 and almost crashed to $2.20 before stabilizing. XRP 30-day price chart. Source: Finbold Despite the original bull run appearing over for the time being, the on-chain analyst and digital assets expert, Ali Martinez, explained on X that he believes the long-term trends and associated analyses still favor a continued – and, eventually, even greater – rally for XRP. Picks for you This is how Solana (SOL) performed in 2024 so far 16 hours ago ...