DeFI News by Thebittimes.Com

A widely followed crypto analyst is laying out his thoughts on the future price action of a slate of altcoins. Crypto trader Ali Martinez tells his 160,000 followers on the social media platform X that the layer-1 platform Sui Network (SUI) is on the verge of a rally. “I just went long on SUI! Strength is undeniable and could be one of the fastest to recover. As long as $2.60 holds, a breakout to new all-time highs looks very likely.” Source: Ali Martinez/X Moving on to the popular meme token Dogecoin (DOGE), Martinez says the dog-based altcoin is on the verge of a rebound. “As long as $0.16 holds, Dogecoin DOGE still has a strong shot at rebounding toward $0.48.” Source: Ali Martinez/X Looking at the decentralized finance (DeFi) layer-1 blockchain Sei (SEI), the analyst foresees a bull run in the near future. “Nothing has changed! SEI still eyes a bullish breakout to $0.90. Mark my words.” Source: Ali Martinez/X Finally...

Bitcoin (BTC) and Ethereum (ETH), the two largest crypto projects by market cap, have hit new all-time highs this month. According to CoinGecko’s Bitcoin data, BTC climbed to a new peak of $124,128 on Aug. 14. ETH, on the other hand, hit a new high of $4,946.05 on Aug. 24. Despite the incredible bullish move, both BTC and ETH have fallen by more than 10% from their respective all-time highs. Let’s discuss if things will improve in September. Will Bitcoin and Ethereum Hit Another All-Time High In September? Source: Watcher.Guru September has historically been a bearish month for Bitcoin (BTC). Given that BTC is the market leader, and other assets follow its trajectory, September has been a bearish month for the general crypto market. If BTC continues to follow its historical pattern, we may see the asset face further correction. Ethereum’s (ETH) price will also suffer under such circumstances. However, there is a high chance of an interest rate cut in September. A rate ...

XRP’s price has skyrocketed in recent days, fueled by speculation of a favorable resolution to Ripple’s ongoing legal battle with the SEC following the resignation announcement of Gary Gensler, the SEC Chairman.  Ripple’s fight with the SEC over the classification of XRP as a security has weighed on the token’s price for years. Gensler’s exit could pave the way for a less aggressive regulatory stance, boosting investor confidence. On January 20, 2025 I will be stepping down as @SECGov Chair. A thread ️ — Gary Gensler (@GaryGensler) November 21, 2024 Trading at $1.40, XRP is up 23.79% in the last 24 hours, 72.31% over the week, and a staggering 164.60% over the past month. With its market cap surging from $29 billion to $79 billion in just 30 days, XRP’s rally has reignited conversations about its potential to breach the $2 mark. Picks for you ...

VanEck says Bitcoin is poised to record “repeated all-time highs” in coming months and could reach $180K by next year. “It is just getting started,” said VanEck’s head of digital asset research Matthew Sigel in a Nov. 14 interview with CNBC’s Squawk Box. He added that the market is now in “blue sky territory” with “no technical resistance.”  Number Of Calls To VanEck About BTC “Starting To Accelerate” During the interview, Sigel said that VanEck has experienced an influx in the number of calls from investment advisers who are either not yet invested in BTC or want to increase their exposure in the leading crypto. He subsequently predicted that capital will soon flow into Bitcoin. Sigel did, however, warn that a post-election dump may be in the cards for the flagship crypto. He noted that BTC’s price is currently displaying a similar pattern to that seen after the 2020 elections, when it doubled in...