Cointime

Cointime

Download App
iOS & Android
Home / Point

Crypto Trader Identifies Ethereum-Based Altcoin with Potential for Double-Digit Surge

Altcoin Sherpa, a pseudonymous trader, has identified Maker (MKR), an altcoin based on Ethereum, as having the potential to surge by almost 30% from its current price. The trader believes that MKR has shown "immense strength" in the current market environment and could reach above $1,700 if it overcomes the resistance level of around $1,330.

Altcoin Sherpa also shares his thoughts on Bitcoin (BTC), stating that if BTC manages to climb back above the $29,750 resistance level, it could return to the $30,000 - $32,000 range. The trader also offers his outlook on Chainlink (LINK), considering it a "strong" altcoin and suggesting buying opportunities at roughly between $5.50 and $7.50.

Bitcoin Bitcoin $97,875.73
+3.63%
Ethereum Bitcoin chainlink
Comments

All Comments

Recommended for you

  • How Crypto Could Help Open-Source AI Reach Its Potential

    The impact of artificial intelligence (AI) is being felt across various sectors, including drug discovery, workforce productivity, and personalized content on streaming platforms like Netflix. Experts predict that the AI industry will grow by 40% annually and reach a trillion-dollar market by 2030, potentially transforming industries on an unprecedented scale. The use of cryptocurrency could play a crucial role in enabling open-source AI to overcome current limitations and reach its full potential.

  • ECB board member Patsalides warns Trump's tariff plan could lead to stagflation in Europe

    Christodoulos Patsalides, a member of the European Central Bank's board, warns that if US President-elect Donald Trump follows through on his threatened trade tariffs, the European economy could ultimately fall into stagflation. "Trade tensions are escalating," said the Cyprus Central Bank governor on Thursday in Nicosia. "If trade restrictions become a reality, the outcome could be inflation, economic recession, or worse, stagflation." He said that although there is room for further lowering of borrowing costs, it should be done "at a stable pace and magnitude."

  • Bankless Co-founder: The market has entered the beginning of the second half of the crypto bull market

    Ryan Sean Adams, co-founder of Bankless, posted on X platform stating that the current market has entered the beginning stage of the second half of the crypto bull market.

  • Elon Musk appointed by Trump to lead advisory board on government efficiency and restructuring

    President-elect Donald Trump has appointed Elon Musk and Ramaswamy to lead an advisory board called the "Department of Government Efficiency." The board aims to reduce government bureaucracy, cut wasteful spending, and restructure federal agencies. Rep. Marjorie Taylor Greene will chair a House subcommittee on "DOGE" to recommend executive actions to reduce waste and provide savings for taxpayers. Musk and Ramaswamy are reportedly creating a smartphone app for Americans to file taxes for free, causing shares of tax filing services H&R Block and Intuit to drop. However, the commission has received criticism from Senator Elizabeth Warren.

  • Curve: Market leverage demand surged after Trump's election, and protocol revenue grew rapidly

    On November 21st, Curve Finance stated that the crypto industry has experienced a large-scale increase after Trump recently won the US election. Key stocks such as MSTR and COIN have been reevaluated, and Bitcoin has approached the $100,000 mark. The demand for leverage has led to an increase in DAO's weekly income, rising from an average of $268,000 before Trump took office to $581,000 in the past week. Currently, the annual income allocated to veCRV holders is approximately $31 million, not including income from participating in voting incentives. As of today, including voting incentive bonuses, DAO has accumulated $554 million.

  • Paypal: There is a problem with the system at present, which may affect multiple products

     Paypal: Currently experiencing system issues that may affect multiple products; Merchants may be facing a higher number of errors.

  • Sui: The cause of the outage has been identified and a fix will be released soon

    Sui stated in a post on X that the Sui network is currently experiencing a malfunction and is unable to process transactions. The problem has been identified and a fix will be released soon. Earlier reports indicated that Sui Network stopped producing blocks 2 hours ago and has not yet resumed.

  • 4E: Crypto stocks soared before the market opened, with MicroStrategy up more than 10%

    On November 21, it was reported that Trump's team is discussing the establishment of a new position at the White House specifically responsible for cryptocurrency policy. This, combined with previous reports that Trump's media group is negotiating the acquisition of cryptocurrency exchange Bakkt, has made people more optimistic about the future of the cryptocurrency industry under the Trump administration. Concept stocks related to cryptocurrency soared before the market opened, with MicroStrategy rising more than 10%. As of the time of writing, Bitcoin was trading at $97,530, approaching the highly anticipated milestone of $100,000. The rise of Bitcoin has attracted a large amount of liquidity, while Ethereum and altcoins have generally fallen.

  • Bithumb will stop supporting ORB transactions

    On November 21st, according to official sources, Bithumb announced that it will terminate trading support for Orbcity (ORB) tokens based on the decision of the Digital Asset Exchange Association (DAXA). The specific schedule is as follows: trading (buying and selling) will end on December 19th, 2024 at 15:00 (Korean time), and withdrawal support will end on January 17th, 2025 at 15:00 (Korean time).
  • Cointime精选 ·

    The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

    Title: Electronic Cash Without a Trusted Third Party
    The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company