Altcoin 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 ...

Former Goldman Sachs executive Raoul Pal believes that one Solana (SOL) competitor looks to be in a position for a massive breakout. Pal tells his 1.1 million followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator is flashing bullish for the layer-1 platform Sui (SUI). Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles. He also suggests that SUI is on the verge of breaking out of a downward channel, a bearish pattern indicating that the asset is forming lower highs and lower lows. “Sui: knock, knocking, knocking on heaven’s door.” Source: Raoul Pal/X Other analysts are also suggesting SUI may be gearing up for an explosive move. Pseudonymous trader Cheds says if SUI can break through its immediate resistance, it may start printing significant rallies. “$2.50 overhead is a long trigger.” Me...

The widely followed trader and analyst Michaël van de Poppe is highlighting one crypto project in the Ethereum (ETH) ecosystem whose token he believes could go up by triple-digit percentage points. Van de Poppe tells his 773,600 followers on the social media platform X that blockchain oracle Chainlink (LINK) appears bullish against Bitcoin (BTC) and could double in price. According to the widely followed analyst, the Chainlink/US dollar pair could subsequently appreciate by around 169% from the current level. “LINK forms a higher low, which indicates that we’re likely into a new uptrend. My first target is around 2x in BTC value, which should equal around $40 – $50.” Source: Michaël van de Poppe/X LINK is trading at $18.60 at time of writing. Next up is the native token of the layer-one blockchain project Sui (SUI). The widely followed analyst says Sui could go up by around 61% from the current level after bouncing off a major support z...

Former Goldman Sachs executive Raoul Pal thinks one chart is a critical representation of the current crypto market. The Real Vision chief executive shares a chart with his one million followers on the social media platform X that compares the layer-1 blockchains Sui (SUI) and Solana (SOL). The macro guru shares a chart suggesting that SUI is primed to outperform SOL. “I keep staring at this chart of SUI/SOL. Probably the key chart in crypto right now to indicate the structure of the market ahead.” Source: Raoul Pal/X SUI is trading at $3.71 at time of writing. The 17th-ranked crypto asset by market cap is down more than 2% in the past 24 hours. SOL is trading at $239.74 at time of writing. The fourth-ranked crypto asset by market cap is up nearly 1% in the past day. Pal also mentions that he eventually plans to shift his proceeds into digital art non-fungible tokens (NFTs) and Bitcoin (BTC) for preservation. The Real Vision CEO also calls the cry...

DWF Labs is preparing to launch its synthetic stablecoin product, which is expected to arrive between late 2024 and early 2025. The upcoming stablecoin will offer investors appealing annual percentage yields (APYs), varying based on the specific asset type. Meanwhile, Render (RNDR) and Algorand (ALGO) have shown signs of reversing previous downtrends, indicating a potential bullish shift. RNDR, in particular, has seen an upward trend after breaking a significant downtrend line. Its price, now at $6.11, has experienced a notable rise, reflecting increased bullish sentiment among traders. In other developments, SUI, the native token of the Sui blockchain platform, has achieved a significant milestone by reaching over $900 million in total value locked (TVL). According to the Altcoin Buzz podcast, SUI has surged by 60% in the last month, pushing its price above $1.60. As such, tokens across several blockchains are witnessing price rallies. This article focuses on the top trending crypto...

Sui Network is one of the hottest new blockchains launched in 2023. Upon launch, the token’s price spiked to almost $2. However, the 92nd-ranked crypto market cap has been on a downward trajectory ever since. Although it is up by 4% in the weekly charts, it has fallen by 5.6% in the last 24 hours. The asset currently faces resistance at around $0.60, with support at $0.51. It should be noted that the crypto briefly broke past its declining channel on Aug. 23, but it was not able to follow through with a rally. The token has been rejected at its resistance level twice since then. Also Read: How to buy SUI Network Token The token’s Fibonacci Retracement pointed to it reaching somewhere around $0.58 before making any further moves. The token’s MACD (Moving Average Convergence Divergence) also pointed to bears being in control. Furthermore, the RSI (Relative Strength Index) sits at 52.13, meaning that the asset is neither oversold nor overbought. Source:...

Bitcoin’s (BTC) price , was quite bearish today and was still below the $30,000 threshold at $26,014.3,  and down by around 0.02% since yesterday. Other well-known altcoins, Cardano (ADA), Polkadot (DOT), and Solana (SOL), also experienced losses on the other side of the border. advertisement Ethereum is trading at $1,634.6, with almost 1.71% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a dip of 0.02%. Solana also faced a reduction, with its price plummeting by 2.18%. On the other hand, Polygon (MATIC), which traded on green lines a few days back, is up only by more than 0.01% since the last day.  Polkadot coin price saw a decrease of almost 0.57% in its price, in one day.  The realm of meme cryptocurrencies tells a different story. In the past 24 hours, Dogecoin’s price witnessed an increase of around 0.09%, while Shiba Inu’s token price is up by almost 3.65%, in the ...