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...

Although the cryptocurrency market can offer massive opportunities for individuals carefully timing their crypto trades, some are proving to be savvier in this than others, including one trader who has managed to profit over $1 million in less than two months trading a particular meme coin. As it happens, this crypto trader has profited a total of more than $1 million by swing trading Popcat (POPCAT), with a 100% win rate, since August 20, or in seven weeks, according to the data shared by blockchain analytics platform Lookonchain in an X post on October 8. Crypto trader’s POPCAT trades. Source: Lookonchain Indeed, the trader has executed eight carefully timed trades on POPCAT since that date, and the most recent one took place from October 4 to October 7, during which they netted $194,093, bringing the total up to $1,050,440 profited between August 20 and October 7. Picks for you ...

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...