DeFI News by Thebittimes.Com

Popular crypto analyst Altcoin Sherpa is warning that Ethereum (ETH) may have a steep correction in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 233,100 followers on the social media platform X that ETH/BTC could decline more than 35% from its current value. “ETH: I don’t know if this bottoms until 0.024 BTC ish, could be another big move down if BTC legs up past $100,000 strongly. Utter destruction.” Source: Altcoin Sherpa/X ETH/BTC is trading for 0.03768 BTC ($3,624) at time of writing, up 3.92% in the last 24 hours. Next up, the analyst warns that the most popular memecoin by market cap Dogecoin (DOGE) may dip below the lower bound of a trading range to around $0.32. “DOGE: deviation above the highs, now probably going to be a deviation below the lows. Still bullish on this one overall and even more so if BTC legs up.” Source: Altcoin Sherpa/X DOGE is trading for $0.40 at time of writing, up 4.9% in the last 2...

A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart. He suggests that the altcoin may be following the lead of dog-themed memecoin dogwifhat (WIF), which is up more than 28% in the last seven days. “If WIF looks like this, wait till ZIL plays catch up! Way more upside with this type of chart!!” Source: Altcoin Sherpa ZIL is trading for $0.0167 at time of writing, up 15.1% in the last seven days. Next up, the analyst says WIF may retest lower levels after breaking out. “WIF: I’d never short this thing in these conditions but I wouldn’t be surprised to see some sort of short term pullback or consolidation at these levels.” Source: Altcoin Sherpa WIF is trading for $2.30 at time of writing, up over 3% in...