Ex-Goldman Sachs executive Raoul Pal says the altcoin market cap is on the verge of soaring to new all-time highs (ATHs). In a new video update, the Real Vision CEO says that the digital assets market could enter “crypto summer” within a month, when Ethereum (ETH), Solana (SOL) and other alts could have massive rallies. A “crypto summer” generally means increased prices, higher trading volume, bullish market sentiment, more network development and wider adoption. “It’s very normal for crypto spring for Bitcoin to outperform and then as we come into crypto summer that we’re transitioning into ..read more

As Bitcoin (BTC) cools down from its latest rally, one widely followed crypto analyst says the king crypto’s dominance has peaked… for now. Crypto trader Michaël van de Poppe tells his 713,900 followers on the social media platform X that his BTC market dominance charts indicate that altcoins may soon be on the rise. “To me, the Bitcoin dominance has peaked and there’s a significant chance that we’ll rotate back to altcoins in the coming period. It’s a quiet vacuum currently, which we’ll need to break through with a potential momentum surrounding the ETH ETF (Ethereum exchange-trade ..read more

A Solana-based (SOL) meme asset has nearly doubled up just days after its community overwhelmingly passed a resolution to burn its supply. In a new announcement on the social media platform X, the decentralized autonomous organization (DAO) for memecoin Bonk (BONK) says it has voted to reduce the token’s supply by billions. “The BONK DAO community proposal to BURN 278,393,137,215 billion BONK has passed via council vote… The community vote ended with 418,625,159,192 votes in favor which represented a 99.9% support of the proposal.” In the original proposal, which was released on April 17th, B ..read more

One savvy memecoin trader is attracting attention for having turned $8,524 into $12,800,000 within weeks. According to blockchain tracking firm Lookonchain, one trader is looking at massive profits after buying and selling memecoin Pepe (PEPE). “jwynn.eth (@JamesWynnReal) spent $8,524 to buy 2.83 trillion PEPE in the early stage and sold 1.81 trillion PEPE for $4.57 million. He currently holds 1.02 trillion PEPE ($8.25 million) in three wallets. The total profit on PEPE is ~$12.8 million, a gain of 1,503x!” Lookonchain also noticed another smart trader made off with big gains by trading Book ..read more

A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) days after the halving took place. The analyst, pseudonymously known as Bluntz tells his 257,100 followers on the social media platform X that Bitcoin is preparing to break out according to price action on the two-hour chart. Based on the pseudonymous analyst’s chart, Bitcoin appears to form a symmetrical triangle on the two-hour chart. Symmetrical triangle patterns can either be bullish or bearish – bullish if the price breaks out above the upper trend line and bearish if the price breaks down below the lower t ..read more

Top US-based crypto exchange Coinbase is listing a new security-focused Ethereum (ETH) altcoin, along with other major platforms. Coinbase announced via the social media platform X that the crypto project Safe (SAFE) landed a listing on the platform as an “experimental asset.” “Safe is now live on Coinbase.com and in the Coinbase iOS and Android apps with the ‘experimental’ label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The platform uses the experimental asset label for tokens that pose certain risks such as price swings and canceled orders b ..read more

A widely followed crypto strategist believes that a layer-1 altcoin running on a hybrid consensus mechanism will do big rallies this year. Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that he’s bullish on Core (CORE). According to the analyst, CORE looks strong after erasing most of the losses witnessed earlier this month. “CORE: These [Fibonacci levels] have held up extremely well. The chart also looks very solid. I have a bag of this one and think it’s going to do big numbers in 2024. Wouldn’t personally buy around this current $2.70-$2.90 l ..read more

A closely followed analyst is predicting an imminent massive breakout for Ethereum (ETH) competitor Solana (SOL). Pseudonymous analyst Bluntz tells his 256,800 followers on the social media platform X that SOL appears to be printing a bullish pattern on the four-hour chart, setting higher lows. “SOL gearing up for a violent breakout here in my opinion.” Source: Bluntz/X The trader also uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after a three-part ABC correction. Looking at his chart, the trader suggests SOL completed the ABC correction after a r ..read more

A closely followed crypto strategist believes that one memecoin is ready to witness mostly bullish price action. Pseudonymous analyst Inmortal tells his 212,700 followers on the social media platform X that Floki (FLOKI) looks primed to ignite bursts to the upside. Inmortal shares a chart suggesting that FLOKI had a failed breakdown after the meme token recovered a key support level at around $0.00015. “Price following my squiggly line perfectly. FLOKI pumped on 4/20. Don’t underestimate the power of memes. Now above KEY level, up only soon.”  Source: Inmortal/X Looking at the trader’s c ..read more

The top US-based crypto exchange by volume is listing a new artificial intelligence (AI) altcoin. According to Coinbase via their social media platform X account Coinbase Assets, new crypto project Karrat (KARRAT) will be listed on the platform as an “experimental asset.” “Karrat (KARRAT) is now live on coinbase.com & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” According to Coinbase, the exchange adds the experimental asset label “to certain tradable assets that are eith ..read more