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Analyst and trader Michaël van de Poppe is offering his outlook on Bitcoin (BTC) and two other crypto assets amid a market recovery. Van de Poppe tells his 791,900 followers on the social media platform X that Bitcoin is in the first phase of consolidation after breaking out from the $106,500 price level. According to the widely followed analyst, the first consolidation phase is likely to last a couple of days. “Then, we’re going to have the next breakout above the all-time high. Ideal zone to buy? I would estimate around $107,000 – $108,000. Buy the dip season.” Source: Michaël van de Poppe/X Bitcoin is trading at $109,325 at time of writing. Next up is Ethereum (ETH). According to Van de Poppe, Ethereum is building up for a “big breakout” after a consolidation phase that has lasted for over a month. The widely followed analyst says Ethereum could rise by up to around 26% from the current level. “I assume we’ll start to s...

Cryptocurrency trader Michaël van de Poppe is leaning bullish on a top-10 altcoin by market cap while outlining a path forward for blockchain oracle Chainlink (LINK) and the native asset of the layer-1 blockchain Sui (SUI). Starting with the third-largest crypto asset by market cap, Van de Poppe tells his 767,000 followers on the social media platform X that payments altcoin XRP could skyrocket by 213% from the current level. According to the widely followed trader and analyst, the “optimal” entry level for a long opportunity on XRP is below $2.80. “Is $10 possible? Yes.” Source: Michaël van de Poppe/X XRP is trading at $3.19 at time of writing Next up is Sui. Van de Poppe says that if Sui’s immediate support holds, SUI could appreciate by approximately 36% from current levels. “Very simple structure here. Hold above $4 and we’ll see $6. Lose this and the entire structure has been destroyed.” Source: Michaël van de Poppe/X SUI is trading ...

A crypto trader managed to turn $712 into $3.95 million in less than a day trading a new Solana meme coin by the name of Unicorn Fart Dust (UFD). The massive gains come after the new token’s price surged over the last 24 hours, netting a 5,546X return for the trader. UFD’s positive momentum continued in recent hours, with DEX Screener data showing the meme coin climbed more than 70% in just the last 6 hours. UFD Was Created To Try Show That Meme Coins Are Worthless UFD’s creator is known for supporting investments in gold and silver. He launched the project as a joke in an attempt to show that meme coins are worthless and to make fun of the crypto market. In an uploaded video, the creator said that the meme coin and broader crypto market has gotten “out of control,” and referenced an article that mentioned how another meme coin called Fartcoin reached a $500 million market cap to illustrate his point. To add to his argument, he said that he launched UF...

As Bitcoin (BTC) is back surging above the $100,000 mark and altcoins consolidate above strong support levels, a crypto trader has warned his followers that the market’s top is close and urges people to prepare their exit strategy. Bitcoin made a new all-time high this Monday, attracting more retail investors with the fear of missing out (FOMO). However, as retail starts increasing its BTC exposure, savvy traders and investors prepare their exit strategy as the top approaches. In particular, the 356,000-follower trading and investing X persona, cevo , sent a warning to his followers on December 16. “We are close to the top, he said in a controversial post that later received other comments. “The most gains with alts will be realized in this last phase. Prepare your exit strategy,” cevo concluded. Picks for you Here’s when Chainlink (LINK)...

By leveraging the momentum around the meme coin, Moo Deng (MOODENG), a cryptocurrency trader, saw their investment skyrocket 500-fold in just one week. On September 10, the unidentified trader placed an initial bet of $800, trading the MOODENG/SOL pair on Raydium, an automated market maker (AMM) platform built on Solana (SOL), with the investment turning into $400,000 seven days later, data shared by blockchain Analysis platform Arkham on September 17 indicates.  The trader initially swapped 6 SOL valued at approximately $800 for MOODENG tokens using the decentralized exchange’s platform. The swap was initiated when MOONDENG was on the brink of what appeared to be a typical pump.  Picks for you XYO partners with Upland to bring Web3 gaming and data sovereignty closer 15 mins ago ...

With renewed optimism in the cryptocurrency market, traders have jumped again into meme coin speculation driven by the fear of missing out (FOMO). As a cautionary tale, a crypto trader just lost nearly $900,000 worth of Solana (SOL) in this player-vs-player game. On August 8, Lookonchain urged investors to “please don’t FOMO buy meme coins” while reporting these millionaire four-hour losses. This particular token was Restore The Republic (RTR), with a political bias in anticipation of the U.S. presidential election. As reported, the anonymous trader bought 7.2 million RTR with 5,800 SOL, worth $916,400. This purchase happened at the meme coin’s highest price, indicating a fear of missing out that backfired. Picks for you How much money does Patrick Mahomes make a second? 14 mins ago ...