Sight – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 15 Sep 2025 02:15:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Sight – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ethereum developers set sight on introducing end-to-end privacy https://earlybirdsinvest.com/ethereum-developers-set-sight-on-introducing-end-to-end-privacy/ https://earlybirdsinvest.com/ethereum-developers-set-sight-on-introducing-end-to-end-privacy/#respond Mon, 15 Sep 2025 02:15:12 +0000 https://earlybirdsinvest.com/ethereum-developers-set-sight-on-introducing-end-to-end-privacy/

Ethereum developers are endeavoring to ensure that the second-largest blockchain lives up to one of the foundational tenets of the crypto community: end-to-end privacy.

In a post on Friday, the Ethereum Foundation’s ‘Privacy & Scaling Explorations’ team rebranded to ‘Privacy Stewards of Ethereum’ (PSE). The team laid out a roadmap to “make privacy on Ethereum the norm rather than the exception.”

The team aims to ensure that comprehensive end-to-end privacy is embedded across Ethereum’s technical stack, from protocols and infrastructure to applications and wallets. Privacy will become a part of Ethereum’s major use cases, like finance, identity, and governance, the team stated.

At the same time, the team noted that Ethereum’s privacy features will remain compliant with global regulations.

Why privacy on Ethereum matters

According to the PSE team, ensuring privacy on Ethereum is key to protecting the users who rely on the blockchain. The PSE team stated:

“Ethereum is on the path to becoming the settlement layer for the world, but without strong privacy, it risks becoming the backbone of global surveillance rather than global freedom.”

Moreover, without privacy guardrails, users and institutions will move elsewhere, rendering the blockchain redundant.

Private reads, writes, and proving

The PSE team will focus on three core areas: private reads, private writes, and private proving.

Private reads will enable users to read from Ethereum without revealing their identities or intents. In other words, the network-level privacy will ensure there is no surveillance or metadata leakage when users query, browse, or authenticate with Ethereum apps.

Under the private reads umbrella, the team is working on privacy-preserving Remote Procedure Call (RPC) services. Usually, RPCs can leak private data, like IP addresses or which accounts the user is interested in. Therefore, the PSE team has created a private RPC working group consisting of internal researchers and engineers, and external advisors.

The PSE team will also focus on making writing to Ethereum privately feasible and affordable. This means sending private transfers, casting a vote, or interacting with apps will become easier.

For private writes, the team will continue working on PlasmaFold, an experimental Layer 2 chain that will add private transfer features.

Lastly, the team will work towards ensuring that proving any data on Ethereum is private and accessible. The roadmap also includes goals like improving data portability and private identity for private proving.

While the team will focus on these areas for the foreseeable future, it added:

“Specific priorities and initiatives within [these] tracks will vary in their investment timelines and deliverables, and will evolve with the ecosystem, but we expect these general focus areas to persist for the next few years.”

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CleanCore’s Dogecoin Treasury Rockets: 500 Million DOGE Bought, 1 Billion Target in Sight https://earlybirdsinvest.com/cleancores-dogecoin-treasury-rockets-500-million-doge-bought-1-billion-target-in-sight/ https://earlybirdsinvest.com/cleancores-dogecoin-treasury-rockets-500-million-doge-bought-1-billion-target-in-sight/#respond Sat, 13 Sep 2025 03:26:42 +0000 https://earlybirdsinvest.com/cleancores-dogecoin-treasury-rockets-500-million-doge-bought-1-billion-target-in-sight/

CleanCore Solutions has reached the halfway mark in its plan to acquire up to 1 billion Dogecoin within 30 days, as it announced its latest purchase of 500 million DOGE.

This acquisition follows a previous purchase of 285.42 million DOGE.

CleanCore’s DOGE Push

The treasury is backed by the Dogecoin Foundation and its official corporate arm, House of Doge. It was created to strategically accumulate DOGE in anticipation of growing adoption and utility.

According to the official press release, CleanCore’s long-term goal is to secure up to 5% of Dogecoin’s circulating supply and position the company as a leading digital asset treasury to advance DOGE’s role in global finance. The treasury, which is securely custodied on Bitstamp via Robinhood’s platform, allows CleanCore to execute disciplined accumulation strategies while supporting broader market growth.

In an official statement, Marco Margiotta, Chief Investment Officer of CleanCore and Chief Executive Officer of House of Doge, said,

“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy. Our vision is to establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.”

House of Doge is developing initiatives that aim to unlock advanced real-world use cases for the OG meme coin, which the company believes will drive utility-driven demand in the coming months. CleanCore explained that these purchases are part of a carefully planned strategy to capitalize on DOGE’s expanding role in digital finance, while steadily building a strong corporate holding.

CleanCore’s DOGE purchase comes amid a nearly 22% rally over the past week, as the meme coin climbed above $0.26. Market momentum is also being fueled by anticipation of the first-ever Dogecoin ETF, though its launch has been delayed until next week, according to Bloomberg analyst Eric Balchunas.

For the uninitiated, the REX-Osprey Doge ETF, filed by Osprey Funds and Rex Shares, will hold a mix of DOGE and DOGE derivatives via a Cayman Islands subsidiary.

Bullish Momentum in Dogecoin

A crypto analyst called “World of Charts” believes DOGE is showing strong momentum and is currently testing an important resistance level near $0.28. According to the analyst, if the meme coin successfully manages to break this resistance, it could rally further toward $0.50 in the coming days, in a potentially sharp short-term price surge.

Meanwhile, market commentator Trader Tardigrade observed early signs of increasing trading volume in DOGE on the weekly chart. According to the analysis, this uptick in volume could signal strong potential for price appreciation in the coming weeks.

He also highlighted a breakout in Dogecoin’s Money Flow Index (MFI), which suggested a surge in buying pressure.

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Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says https://earlybirdsinvest.com/bitcoins-next-milestone-250k-in-sight-after-120k-test-analyst-says/ https://earlybirdsinvest.com/bitcoins-next-milestone-250k-in-sight-after-120k-test-analyst-says/#respond Wed, 16 Jul 2025 20:11:51 +0000 https://earlybirdsinvest.com/bitcoins-next-milestone-250k-in-sight-after-120k-test-analyst-says/

Bitcoin spent about nine months stuck below $110 K before finally pushing past that ceiling this month. The move up to $123,000 shows real buying power.

According to EliteOptionsTrader, a crypto expert, many investors see this as the start of something bigger.

Related Reading

Key Catalysts Driving The Surge

Based on examination by EliteOptionsTrader, one of the biggest factors is the potential approval of a spot Ethereum ETF. Bitcoin’s own ETFs have pulled in billions from major institutions, and a greenlight for Ethereum could send more money into crypto overall, lifting Bitcoin further.

The US election is now behind us, and talk of Federal Reserve rate cuts in late 2025 is fueling bets on a weaker dollar. Many traders view Bitcoin as a shield against political or economic swings.

At the same time, hedge funds, sovereign wealth funds, and pension plans hold only small slices of Bitcoin so far. If they decide to jump in, that could push prices even higher.

Long Base Could Support Further Gains

Bitcoin’s lengthy base under $110K sets a solid foundation. Breakouts after long periods of sideways action often lead to steep rallies.

Still, it’s normal for prices to dip back toward the breakout zone. A pullback to around $115K–$118K could happen before any major surge. Traders will be watching support at $118K and resistance near $125K.

Brewing Institutional FOMO

Even after the rally, big players have only dipped their toes in. EliteOptionsTrader notes that a major allocation wave—from a large pension fund or insurance giant—could trigger fresh price discovery.

BTCUSD currently trading at $118,883. Chart: TradingView

And let’s not forget the April 2024 halving, which cut Bitcoin’s daily issuance by half. That supply shock often takes several months to show its full effect, but we’re seeing demand tick up already.

Even with a strong start, the path up isn’t without hazards. Sharp corrections of 10%–20% are part of crypto’s genes. Any surprise rules from major markets could stall this run.

Related Reading

On Cautious Optimism And Targets

If Bitcoin can clear $127K, the odds of a parabolic move rise sharply. Based on analysis by EliteOptionsTrader, a test of $150K in the next few weeks looks within reach. That said, aiming for $250K by year end will require all these factors to line up without a single major setback.

Bitcoin’s latest breakout feels exciting, but traders should keep a close eye on how it handles new support levels. Riding the trend can pay off, yet managing risk is just as important as spotting the next high.

Featured image from Meta, chart from TradingView

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Stock Market Pullback in Sight As Several of America’s Problems Still Remain, Warns Former JPMorgan Strategist https://earlybirdsinvest.com/stock-market-pullback-in-sight-as-several-of-americas-problems-still-remain-warns-former-jpmorgan-strategist/ https://earlybirdsinvest.com/stock-market-pullback-in-sight-as-several-of-americas-problems-still-remain-warns-former-jpmorgan-strategist/#respond Tue, 10 Jun 2025 11:29:28 +0000 https://earlybirdsinvest.com/stock-market-pullback-in-sight-as-several-of-americas-problems-still-remain-warns-former-jpmorgan-strategist/

The former chief market strategist at JPMorgan, Marko Kolanovic, is offering his outlook on the US stock market in his first interview since leaving the trillion-dollar bank.

In a CNBC interview, Kolanovic says a correction could be incoming for the US stock market amid a loss of momentum by stocks such as the electric carmaker Tesla and the analytics software firm Palantir Technologies.

The analyst also warns that the equities are trading close to record high levels, but America is still staring at the same issues that triggered a stock market correction earlier this year.

“That [loss of momentum] could be a catalyst for a bit of a correction because close to all-time highs, but we still have all the problems. We have a trade war, we had a sort of signs of economic slowdown, valuations are back to highs. So that’s sort of what I’m kind of expecting – a little bit of a pullback here.”

Kolanovic believes that a potential pullback could ultimately reward patient investors, provided the likelihood of a US economic contraction does not significantly increase.

“There are some cheap aspects of US markets as well, and maybe wait for that garden variety sell-off that can be maybe 5%, 10%.

And if we still don’t have the recession probability shooting up, then it’s a buy opportunity. But I would keep an open mind that maybe at that point there is increased probability of recession and maybe even that 5% is not a buy at that [point].”

 

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Solana (SOL) Continues to Fall — Is a Reversal in Sight? https://earlybirdsinvest.com/solana-sol-continues-to-fall-is-a-reversal-in-sight/ https://earlybirdsinvest.com/solana-sol-continues-to-fall-is-a-reversal-in-sight/#respond Mon, 02 Jun 2025 06:56:09 +0000 https://earlybirdsinvest.com/solana-sol-continues-to-fall-is-a-reversal-in-sight/ Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level.

  • SOL price started a fresh decline from the $172 resistance zone against the US Dollar.
  • The price is now trading below $162 and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The pair could start a fresh increase if it clears the $160 resistance zone.

Solana Price Dips Again

Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $160 support level.

The price even traded below the $155 level. A low was formed near $150 and the price recently started a recovery wave. There was a move above the $155 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $150 low.

Solana is now trading below $160 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near the $160 level and the trend line. The next major resistance is near the $165 level. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $150 low.

Solana Price

The main resistance could be $170. A successful close above the $170 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level.

Another Decline in SOL?

If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone. The first major support is near the $152 level.

A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $155 and $152.

Major Resistance Levels – $160 and $162.

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Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight https://earlybirdsinvest.com/analyst-drops-dogecoin-bombshell-174-surge-to-0-65-in-sight/ https://earlybirdsinvest.com/analyst-drops-dogecoin-bombshell-174-surge-to-0-65-in-sight/#respond Tue, 20 May 2025 08:04:05 +0000 https://earlybirdsinvest.com/analyst-drops-dogecoin-bombshell-174-surge-to-0-65-in-sight/ Dogecoin’s price took a hit this week after a strong run in recent weeks. It fell from $0.25 down to about $0.21. Traders saw a brief bounce above $0.23 around May 17–18, but that did not last.

As of today, DOGE sits near $0.21, marking a 10% weekly drop. Investors are watching the bigger picture, hoping long‑term signals point to a renewed uptrend.

Analyst Maintains Bullish Outlook

According to analyst Javon Marks, a key trendline gave way in late 2023. This line had capped Dogecoin since its $0.70 peak. He says the break ushered in higher highs and higher lows.

A fresh low near $0.15 has held so far. Based on this view, he kept his $0.65 target, which would mean a 200% gain from $0.21. Marks also mentioned $0.74 and $1.25 as possible future milestones.

Resistance Levels Remain Key Barrier

Based on reports from market watcher Ali Martinez, the $0.25–$0.26 range is a major hurdle. That zone worked as support in December 2024 but flipped to resistance in early 2025.

Since then, the meme coin has tried and failed to push past it. In February, it hit $0.28 before reversing to below $0.15. A March rally saw a move above $0.19 but stopped short again.

The most recent test in May peaked at $0.24 before closing at $0.22. Traders will be looking for a clear close above $0.26 to signal new momentum.


On‑Chain Activity Sees Strong Uptick

Based on latest data, wallet activity has jumped sharply. New addresses grew by over 100% in the last seven days. Active addresses climbed by 110%.

Even zero‑balance addresses rose by 155%, which often hints at fresh participation or address cleanup. Higher on‑chain counts don’t always mean a price rise, but they do show more users are logging transactions again.

Stretch Targets Face Big Hurdles

Dogecoin’s long‑term goals may sound exciting, but getting there won’t be simple. A move to $0.6533 or beyond requires first holding above $0.26. Then it must break $0.28 with real volume behind it.

Big price swings could scare some holders into booking profits. Even if the chart lines line up, outside events like social media buzz or exchange listings may be needed to push DOGE past $0.30.

In the short term, traders will watch whether DOGE can reclaim $0.25 and hold it for a few days. If that happens, the higher‑low pattern stays intact. If it falls back below $0.21, the setup could collapse and open the door to further losses.

For now, the coin sits in a tug‑of‑war between bullish chart fans and those who see more downside.

Featured image from Unsplash, chart from TradingView

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Dogecoin Sets Sight On A New All-Time High – Here’s Where This Major Rally Will Begin https://earlybirdsinvest.com/dogecoin-sets-sight-on-a-new-all-time-high-heres-where-this-major-rally-will-begin/ https://earlybirdsinvest.com/dogecoin-sets-sight-on-a-new-all-time-high-heres-where-this-major-rally-will-begin/#respond Sat, 26 Apr 2025 01:53:40 +0000 https://earlybirdsinvest.com/dogecoin-sets-sight-on-a-new-all-time-high-heres-where-this-major-rally-will-begin/

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Dogecoin’s recent upward trend witnessed a brief setback on Thursday as its price dropped to levels below $0.17. However, the dog-themed meme coin has regained its footing and has rebounded slightly above $0.18 within hours, reflecting its robust resilience. With DOGE showing notable upside momentum, many enthusiasts continue to point to an extension of the ongoing rally to higher price levels.

DOGE Gearing Up For A Bigger Rally

At the time of writing, DOGE’s price has risen to the $0.18 mark with a strong rebound. Meanwhile, Memecrypto, a crypto analyst and trader, claims that Dogecoin looks like it might be starting something bigger from the current $0.18 level.

According to the expert, Dogecoin‘s momentum is not random and structure is building naturally, indicating a breakout from consolidation. This breakout is observed through the lens of momentum and Exponential Moving Averages (EMAs).

Dogecoin
DOGE set for bigger upsurge | Source: Memecrypto on X

In the meantime, the next key resistance is located at $0.24, and a push to the area could be the beginning of a larger trend at the current pace. While sentiment remains cautious, Memecrypto noted that markets do not wait for latecomers, and the next impulse would possibly turn into a FOMO chase.

A 600% Price Explosion In Play For Dogecoin

After a prolonged period of downward action, Dogecoin is back in the spotlight due to its renewed price rally. While the popular meme coin is flashing bullish signals, Trader Tardigrade, a market expert and investor, has outlined an incoming upsurge, suggesting a continued rally to higher levels.

Specifically, the expert has predicted a 600% price rally in the short term, which will push the meme coin to a new all-time high in the ongoing cycle. This anticipated surge could mark a pivotal moment in DOGE’s evolving market narrative, driven by a combination of technical breakouts, increased trade volume, and rekindled consumer interest.

Trader Tardigrade’s bold forecast is based on past upward trends caused by a bounce from an ascending support trendline. Looking at the chart in the 3-day time frame, the ascending support trendline has been unfolding for several months, starting from October 2023 till the present day.

The first time DOGE reached the ascending support trendline in October 2023, the meme coin witnessed a more than 200% increase in the following months. During the second instance in 2024, DOGE’s price surged by over 400% to new yearly highs after hitting the ascending support trendline.

Meanwhile, a similar development has unfolded in Dogecoin’s recent price actions. Since each time has resulted in bigger returns, Trader Tardigrade is confident that a powerful surge of +600% might be on the horizon. As observed in the chart, this impending +600% rally will bring DOGE’s price to the $0.93 level, marking a new all-time high.

With key support holding amid bullish waves, this implies that DOGE is building momentum for an upside as bulls step in to defend the rally. Trader Tardigrade highlighted that Dogecoin has returned to the Order Block Zone, which would provide good support for the meme coin. Should the zone hold strong against bearish pressure, DOGE’s price could rebound toward key resistance levels.

Dogecoin
DOGE trading at $0.18 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Real Capitulation Event in Sight for Bitcoin, Warns Analyst Who Nailed 2022 BTC Collapse – Here Are His Targets https://earlybirdsinvest.com/real-capitulation-event-in-sight-for-bitcoin-warns-analyst-who-nailed-2022-btc-collapse-here-are-his-targets/ https://earlybirdsinvest.com/real-capitulation-event-in-sight-for-bitcoin-warns-analyst-who-nailed-2022-btc-collapse-here-are-his-targets/#respond Wed, 23 Apr 2025 08:07:24 +0000 https://earlybirdsinvest.com/real-capitulation-event-in-sight-for-bitcoin-warns-analyst-who-nailed-2022-btc-collapse-here-are-his-targets/

A widely followed crypto analyst is warning that Bitcoin (BTC) is at risk of a sudden collapse.

In a new post on the instant messaging app Telegram, pseudonymous crypto strategist Crypto Capo tells his 121,953 subscribers that Bitcoin may collapse by more than 34% of its current value.

However, the analyst predicts that the flagship crypto asset will first head higher before a severe correction.

“Shorting here makes no sense at all. I’ll be looking at the $94,000-$95,000 zone for potential shorts, but for now, the smart move is staying net long.”

Source: Crypto Capo/Telegram

Looking at his chart, the trader says Bitcoin may plummet to $60,000 after tapping $98,000 as a local high.

Bitcoin is trading for $91,690 at time of writing, up 5.1% in the last 24 hours.

Next up, the analyst says he is leaning near-term bullish on Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH).

“I consider ENA a mid-term investment. That’s why I’m just holding it until August-September (subject to change/ adaptation). We can see how it has formed a massive range. Bearish trend is very oversold here, so a bounce to $0.50-$0.55 keeps making sense. After that, we could see the last capitulation event I’ve been talking about previously. If that happens, I will buy more. If not, just hold.”

Source: Crypto Capo/Telegram

ENA is trading for $0.30 at time of writing, up 6% in the last 24 hours.

Lastly, the analyst says the layer-1 asset Toncoin (TON) may rally and break through resistance at $4.58 before plummeting to around $2.10.

“Very clean setup, matching with the rest of the market.”

Source: Crypto Capo/Telegram

TON is trading for $3 at time of writing, up 2.9% on the day.

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Altcoin Season Still In Sight Even As Ethereum Struggles To Gain Upward Momentum https://earlybirdsinvest.com/altcoin-season-still-in-sight-even-as-ethereum-struggles-to-gain-upward-momentum/ https://earlybirdsinvest.com/altcoin-season-still-in-sight-even-as-ethereum-struggles-to-gain-upward-momentum/#respond Thu, 03 Apr 2025 20:41:42 +0000 https://earlybirdsinvest.com/altcoin-season-still-in-sight-even-as-ethereum-struggles-to-gain-upward-momentum/

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Over time, Ethereum, the second-largest crypto asset and largest altcoin, has often spearheaded an Altcoin Season due to its significant performance after the market shifts from a Bitcoin season to an altcoin season in each bull market cycle. In spite of this waning performance of the king of alts, an altcoin season is still likely to occur in the near term.

Is An Altcoin Season On The Horizon?

With the heightened volatility and BTC’s robust market dominance, the possibility of an Altcoin Season happening in this cycle is looking slim. However, an on-chain expert and the CEO of Alphractal Joao Wedson believes that this sustained Bitcoin’s dominance could be laying the groundwork for a huge altseason in the foreseeable future. Historically, altcoin seasons have followed periods of Bitcoin dominance. 

Joao Wedson highlighted that Ethereum’s waning performance has strangled other alts in the ongoing market cycle, but an altcoin season “is just a matter of time.” With the alt market struggling to gain dominance and ETH facing headwinds, traders hope for a shift that might spur renewed gains across the altcoin sector.

In the X post, Wedson delved into altcoin market dominance with Ethereum, revealing an interesting trend. According to the expert, altcoin dominance is declining, while altcoin dominance excluding Ethereum and Stablecoins has remained sideways and in a neutral zone since late 2022.

Alts
Alts dominance weakens | Source: Joao Wedson on X

This development implies that Bitcoin has drained most of Ethereum’s market capitalization. Presently, Bitcoin’s dominance has increased to 62%, and BTC and Stablecoin’s dominance has risen to nearly 71%. Meanwhile, Ethereum and all other alts dominate only 29% of the general market.

Bitcoin and Stablecoin‘s market dominance may seem like a threat to the upcoming altcoin season. However, the interesting part is that the higher the BTC and Stablecoin dominance rise, the more robust the next altcoin season will be, which Wedson claims is only a matter of time away.

BTC And Stablecoins Stealing The Spotlight

Daan Crypto Trades, a technical expert and trader, has also shared insights on the subject, highlighting that the altcoin market cap has declined sharply, leading to a drop in altcoins’ dominance. Although it was on track for a while, the steady growth of Bitcoin and Stablecoins has put the alt dominance under serious pressure within the crypto market.

Given the dilution amongst them, individual alts have performed horribly. Thus, for altcoins to regain dominance over Bitcoin, Stablecoins, and other major assets, the ETH/BTC pair needs to gather some momentum first.

Daan Crypto Trades claims Ethereum often plays a massive role in getting a wider altcoin performance. This is because many liquidity pools are denominated in ETH, and most coins are developed on it. Therefore, for altcoins to run, this wealth effect for ETH and majors is essential. 

Until this is the case, the analyst urges investors not to get into the market. Even though alt rallies are usually brief, there is frequently a high timeframe retest. Once it is evident that the trend is changing, Daan Crypto Trades believes this is the ideal time to get involved in the action.

Altcoin
Alts market cap at $979.28 billion | Source: TOTAL2 on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Bitcoin and Solana Capitulation Event in Sight, Warns Trader Who Nailed 2022 Crypto Collapse – Here’s His Outlook https://earlybirdsinvest.com/bitcoin-and-solana-capitulation-event-in-sight-warns-trader-who-nailed-2022-crypto-collapse-heres-his-outlook/ https://earlybirdsinvest.com/bitcoin-and-solana-capitulation-event-in-sight-warns-trader-who-nailed-2022-crypto-collapse-heres-his-outlook/#respond Sun, 30 Mar 2025 22:53:03 +0000 https://earlybirdsinvest.com/bitcoin-and-solana-capitulation-event-in-sight-warns-trader-who-nailed-2022-crypto-collapse-heres-his-outlook/

An analyst who accurately called the 2022 crypto meltdown is warning that Bitcoin (BTC) and Solana (SOL) are likely to print new lows this year.

Starting with Bitcoin, pseudonymous trader Capo tells his 121,564 subscribers on the instant messaging platform Telegram that he sees BTC initially rallying to as high as $100,000 to set a bull trap.

A bull trap is a false signal, luring traders into thinking that an asset is bullish, but instead, the price abruptly reverses and drops.

According to Capo, the rally will set the stage for BTC to witness a massive capitulation event en route to his downside target of around $63,000.

“BTC plan.”

Source: Capo/Telegram

Capo also notes that he thinks the bull trap idea is still valid, even though BTC has fallen below its immediate support.

“BTC has broken below $84,000, which isn’t great for the short-term bullish scenario. However, this still looks like a bear trap to me. Based on indicators and the confluence with altcoins, most of which are holding higher lows above high time frame support, I remain bullish.

That said, I’d really like to see a strong reclaim of $84,000 (ideally $85,000) soon to confirm strength.” 

A bear trap deceives traders into thinking that an asset will head to lower levels, but then the price reverses to the upside.

At time of writing, Bitcoin is trading for $82,936.

Turning to Solana, Capo predicts that SOL will also spark a strong leg up before collapsing to his downside target of $100.

“SOL looking good for a bullish move towards $180-$200.”

Source: Capo/Telegram

At time of writing, SOL is worth $125.

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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 losses 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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