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...

The cryptocurrency market is experiencing significant momentum this October, commonly referred to as “Uptober,” as Bitcoin rallies above $71,000. This price level represents its highest point since June 2024 and marks a potential lead-up to a test of its all-time high of $73,500. Several factors are fueling this surge, notably increased investments through Bitcoin-focused ETFs and heightened anticipation around the upcoming U.S. election, which could impact regulatory sentiment. This bullish wave has positively affected other major altcoins as well. Ethena, for instance, has shown an impressive 12% increase in recent days, now trading at $0.3835. The SEI token has also performed well, with an 8.34% increase over the past 24 hours.  This article highlights some of the best crypto to buy right now , driven by a mix of market dynamics, speculative interest, and potential regulatory impacts from significant economic events. Best Crypto to Buy Right Now Recent figures hi...

A veteran trader known for timely crypto calls says he’s bullish on one Solana (SOL) rival now that it’s showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he’s “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.40 level. “It’s the weekend so just like trading volumes my posting volumes will be lower, but take a look at SEI – I simply must be default bullish biased on things like this. Summer range broken, retesting, I will just add until proven otherwise. The invalidation is close and this is a key inflection point.” Source: The Stable/Telegram Since the trader’s post, SEI has poked above the $0.50 before correcting. At time of writing, SEI is worth $0.469, up over 4% in the past day. While the altcoin market has been performing well with most crypto assets up in the last ...