The crypto strategist who nailed the Bitcoin ( BTC ) local top in January believes that the memecoin Pudgy Penguins ( PENGU ) is gearing up for another upside burst. The pseudonymous analyst Bluntz tells his 326,600 followers on the social media platform X that PENGU looks poised for a wave-five surge. The trader relies on Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally, with waves one, three and five serving as upside moves and waves two and four acting as corrective periods. Says Bluntz, “This looks like the PENGU wave four, in my opinion. If you missed the last run up and have been patiently waiting for the pullback, this is a good one to bid. Nice 33% dip after a big run-up is perfectly normal.” Source: Bluntz/X Looking at the trader’s chart, he seems to predict that PENGU will soar above $0.05 before ending its five-wave rally. At time of writing, PENGU is worth $0.0357, up over 7% in the past day. Another meme token on the trader’s radar is Bonk ( BONK ). Bluntz says the altcoin is flashing a bullish divergence on the four-hour chart, indicating that buying momentum is on the up and up for the altcoin even though its price is going down. Traders keep an eye out for coins showing a bullish divergence, as it signals that a reversal to the upside is on the horizon. “Likely going to be a cracking four-hour bullish divergence on BONK, probably a good spot to bid here.” Source: Bluntz/X At time of writing, BONK is worth $0.000026, up nearly 5% on the day. The last memecoin on the trader’s radar is Useless Coin ( USELESS ), which the trader says will likely enter a corrective phase after completing a five-wave rally. “That’s five up on USELESS from inception [up to] now. Will be bidding this again in the future after the correction to the inevitable billions in market cap, but as in all things, timing is everything.” Source: Bluntz/X At time of writing, USELESS is worth 0.246. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Crypto Analyst Who Called 2025 Bitcoin Pullback Sees PENGU Set for Next Leg Higher, Updates Forecast for BONK and Top Memecoin appeared first on The Daily Hodl .
With XRP now sitting as the 100th largest asset in the world, how much must it rise to overtake the assets within the top 10? Notably, XRP currently trades at $2.87 and has drawn attention for its strong performance in 2025. Since January, XRP has gained 38%, putting it well ahead of major market benchmarks.In contrast, the S&P 500 has climbed just 6%, while the NASDAQ 100 has added only 8.33%. Even gold, known as a go-to asset in uncertain times, has risen 28% this year, still below XRP's performance.XRP's Drop to 100th Despite Impressive RunDespite this strong run, XRP has seen some pressure lately. Specifically, its price has dropped 4.93% in August, pulling its market cap down to $170.7 billion. In July, XRP reached a new milestone with a $216 billion market cap and became the 69th most valuable asset in the world at the time.Now, the recent drop has pushed it down to 100th on that list. Still, multiple market watchers and investors believe XRP remains undervalued, largely due to its expanding role in payment systems and global finance.With XRP already among the world's top 100 assets, some already wonder how much it must rise to break into the top 10. We recently made an assessment to highlight this. Notably, for the analysis, we kept the circulating supply at 59.3 billion tokens. Top Assets by Market Cap Top Assets by Market Cap Prices at Which XRP Can Surpass Saudi Aramco, Meta, Silver, Bitcoin, Amazon, and AlphabetConsidering this metric, XRP must climb to $26.41 to match Saudi Aramco, which ranks 10th with a $1.566 trillion valuation. This would mark an 820% increase from its current price. Interestingly, market expert EGRAG has consistently predicted an XRP run to $27 in this cycle.Moving one step higher, Meta Platforms (Facebook's parent company) holds a $1.884 trillion market cap. Notably, for XRP to overtake it and become the ninth-largest asset, it needs to jump 1,007% from the current price to $31.77. Last August, analyst "XRP Hawker" projected XRP to hit $32 . Next on the list is silver, valued at $2.088 trillion. XRP would have to reach $35.21, which translates to a 1,127% price increase. Meanwhile, to beat Bitcoin, currently worth $2.266 trillion and secure the seventh spot, XRP must rise 1,230% to $38.20. Notably, Amazon, which sits sixth, comes next with a $2.279 trillion valuation. To surpass Amazon, XRP would need to reach $38.44, a 1,240% jump. Meanwhile, for XRP to overtake Alphabet, currently valued at $2.290 trillion, its price would have to rise 1,245% to $38.63.Interestingly, XRP could surpass Bitcoin, Amazon, and Alphabet in one fell swoop if its price soars beyond $38. In June, EGRAG also suggested that XRP could soar to $40, citing a prominent W pattern. At such a price, XRP would become the fifth-largest asset globally.What XRP Needs to Overtake Apple, Microsoft, NVIDIA, and GoldMeanwhile, if XRP aims to overtake Apple, currently worth $3.022 trillion, it would need to observe a larger rally to $50.95. However, beating Microsoft , now valued at $3.895 trillion, would require XRP to hit $65.67. This would represent a 2,188% increase from the current price.Also, outpacing NVIDIA, which holds second place with a $4.236 trillion market cap, XRP needs to surge 2,387% to $71.39. Finally, to become the most valuable asset in the world and top gold, with its $22.564 trillion market cap, XRP would need to reach $380.38. This would mean a massive 13,156% price increase.
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 3770.58, up 0.3% (+11.59) since 4 p.m. ET on Friday. Fourteen of 20 assets are trading higher. Leaders: LTC (+9.7%) and XLM (+3.7%). Laggards: SUI (-3.1%) and SOL (-2.0%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Risks deeper pullback Bitcoin’s (BTC) multi-month rally appears to have hit a significant wall, with a confluence of bearish signals emerging across both weekly and daily charts. The weekly candlestick chart shows that bulls have failed to establish a foothold above the macro trendline connecting the 2017 and 2021 bull market highs. This failed breakout is supported by weakening momentum, as the MACD histogram, though still positive, is significantly lower than its peak in December 2024 when the macro trendline was first tested. The bearish sentiment is further reinforced by the 14-week RSI, which has broken its uptrend line from the March lows while continuing to print a series of lower highs since March 2024. On a shorter-term daily timeframe, the shift in momentum is even more pronounced. The three-line break chart, a tool designed to filter out minor noise and confirm trend changes, has printed three straight red bricks (bars), a classic bearish reversal signal, confirming that sellers have seized control. The combination of these signals – a failed long-term breakout, weakening momentum, and a confirmed short-term reversal – indicates that a deeper correction is now the path of least resistance and prices could take out the immediate support at $11,965, the former high hit in May, for a test of dip demand at $100,000. Prices need to overcome $122,056 to invalidate the bearish setup. Resistance: $120,000, $122,056, $123,181. Support: $111,965, $112,301 (the 50-day SMA), $100,000. XRP: Challenging downtrend line While XRP (XRP) is attempting to break out of the downtrend line, which represents the recent correction, the overwhelming momentum from the moving averages across both the hourly and daily timeframes suggests that a sustained breakout may not occur immediately. On the daily timeframe, the price has seen a modest bounce, but this rally is capped by the 38.2% Fibonacci retracement level, which is acting as a key resistance. This corrective move is happening against a bearish backdrop, with both the 5 and 10-day simple moving averages (SMAs) continuing to trend south, confirming the downward bias. Further, the 50-, 100-, and 200-hour SMAs are stacked in a bearish configuration, all trending south, a classic technical signal of a strong downtrend. Should we close above $3.00, the focus would shift to the lower high of $3.33 registered on July 28. Resistance: $3.33, $3.65, $4.00. Support: $2.72, $2.65, $2.58. Ether: Bearish outside week Ether fell nearly 10% last week, forming a large bearish outside week candle, a significant bearish pattern, which indicates that sellers are looking to regain control. This sentiment is reinforced on the daily timeframe. The daily candlestick chart shows that the 5- and 10-day SMAs have executed a bearish cross, confirming a break in the short-term uptrend. So, while the price has seen a modest bounce since Sunday, its strength is questionable. This is further substantiated by the daily three-line break chart, which has printed two consecutive red bricks – a decisive bearish signal that confirms the trend has reversed to the downside. The combination of these long-term and short-term charts suggests that the path of least resistance is now lower. Resistance: $3,941, $4,000, $4,100. Support: $3,355, $3,000, $2,879. Solana: Golden cross Solana's recent pullback appears to be meeting a critical test, with bulls successfully defending a key support level over the past 24 hours. The price has bounced from the 61.8% Fibonacci retracement of its recent rally, a level often watched by traders as a strong potential price floor in an uptrend. Meanwhile, a major long-term signal is on the horizon: the 50- and 200-day SMAs are nearing a "golden cross." While this is a lagging indicator, a successful cross would be a powerful long-term bullish signal, confirming a major shift in momentum and potentially setting the stage for a new, sustained uptrend. For traders, the coming days are critical, with the 61.8% Fib level needing to hold strong as support while the impending golden cross provides a bullish long-term tailwind. Also note that despite the defense of the Fib level, the short-term trend remains bearish, with the 5- and 10-day Simple Moving Averages (SMAs) continuing to trend lower. Resistance: $175, $187, $200. Support: $156, $145, $126.
Spot Bitcoin ETFs saw $643 million in weekly capital outflows. Ethereum products continued their positive trend, receiving a net inflow of $154 million. Ethereum-based funds continue to attract interest from large investors. Institutional investor sentiment towards cryptocurrency ETFs was mixed between July 28 and August 1, 2025. Bitcoin-based funds ended the week with a net outflow of $643 million, according to data from SoSoValue . This marked the worst performance since mid-April, occurring against the backdrop of an unstable macroeconomic environment and a consolidation in the price of the first cryptocurrency. While the segment saw steady inflows from July 28 to July 30, cryptocurrency-based funds lost over $927 million over the last two business days of the week. On August 1, the sector recorded its second-largest daily outflow in history: $812.3 million. As a result, total assets under management (AUM) of US Bitcoin ETFs fell to $146.5 billion. Meanwhile, Ethereum-focused funds continued to attract positive inflows. Capital inflows into this asset class during the reporting period totaled $154.3 million. Investment volume remained high for most of the week, but on August 1, Ethereum ETFs experienced a net outflow of $152.3 million. As a result, total AUM for this segment reached $20.1 billion, with the average market price of Ethereum at approximately $3,518. Although inflows into Ethereum funds have fallen significantly compared with $1.85 billion a week earlier, market participants continue to view the cryptocurrency as a suitable asset for treasury reserves. Spot Bitcoin and Ethereum ETFs recorded positive inflows from July 21 to July 25, 2025. Total weekly capital inflow into cryptocurrency funds during this period exceeded $1.9 billion.
BitMine Immersion Technologies has taken the number one spot when it comes to corporate Ethereum holdings. On Monday, the Las Vegas-based company confirmed that its Ethereum holdings hit 833,137 ETH, putting the total value above $2.9 billion, according to a press release sent through PR Newswire. That massive haul puts the company ahead of SharpLink Gaming , knocking it off the top of the ETH-holding leaderboard. BitMine’s Ethereum strategy began on June 30 and was finalized by July 8. In just over a month, the company went from holding zero ETH to dominating the global leaderboard. At this scale, BitMine now ranks as the largest Ethereum treasury in the world and the third largest crypto treasury overall, behind only Strategy and Mara Blockchain. The average price per ETH in this buildup was calculated at $3,491.86, based on Bloomberg data. BitMine jumps from zero to first place with record speed Tom Lee, who serves as the Chairman of BitMine’s Board and is widely known from Fundstrat, said the team moved fast for a reason. “BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH, growing our ETH holdings to over 833,000 from zero 35 days ago,” he said. Tom added that what makes BitMine stand out is how quickly it raised crypto NAV per share and how liquid the company’s stock has become. Meanwhile, over the last five days, the average daily trading volume of BitMine’s stock has hit $1.6 billion, ranking the company 42nd among all 5,704 U.S.-listed stocks, just behind Uber Technologies, based on Fundstrat’s breakdown of Statista data. That puts BitMine not just at the top of the ETH game, but also on the radar of traditional investors watching stock volume. Bill Miller III, BitMine’s largest investor and a Strategy backer, said, “Tom Lee and his team have already shown the resolve to grow shareholder value in the manner following Michael’s roadmap. In my experience, the best management teams make rational decisions based upon evidence, exhibit independent thinking, and allocate capital with an objective of earning returns above the cost of capital.” ETH leaderboard changes as BitMine overtakes everyone BitMine now sits at the very top with 625,000 ETH in reported supply, worth $2.22 billion. The company owns 0.52% of the total Ethereum supply, with a market cap of $3.56 billion and share price standing at $31.68. Its average daily trade volume hits 1.74 million shares. In second place is SharpLink Gaming (SBET), holding 438,200 ETH, which is worth $1.56 billion and makes up 0.36% of the total ETH supply. Its market cap is $1.71 billion, with each share priced at $17.14, and it recently gained $285.3 million in value. Source: Strategic ETH Reserve Third is The Ether Machine (DYNX) with 334,800 ETH valued at $1.19 billion, followed by the Ethereum Foundation , which owns 233,600 ETH worth $830.1 million. PulseChain Sac takes fifth place with 166,300 ETH totaling $591 million. Further down the list, Coinbase (COIN) holds 136,800 ETH worth $486.1 million. Bit Digital (BTBT) follows with 120,300 ETH, valued at $427.6 million. Mantle (MNT) comes next at 101,900 ETH for $362 million, with Golem Foundation (GLM) close behind, holding 100,600 ETH worth $357.6 million. BTCS Inc. (BTCS) owns 70,000 ETH valued at $248.9 million, and Gnosis DAO (GNO) holds 66,600 ETH at $236.7 million. The U.S. Government is on the list too, with 60,000 ETH valued at $213.1 million. Lido DAO (LDO) has 36,100 ETH at $128.5 million, and finally, Ethereum Name Service (ENS) rounds out the top 14 with 25,800 ETH, valued at $91.5 million. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Bitcoin’s ( BTC ) volatility relative to gold has plunged to an all-time low, raising red flags about the cryptocurrency’s future performance compared to the traditional safe-haven asset. As of August 1, Bitcoin’s 260-day annualized volatility stood at just 2.2 times that of gold, its lowest ratio on record, according to data shared by Bloomberg Intelligence senior strategist Mike McGlone on August 4. Since 2021, Bitcoin has typically averaged more than three times the volatility of gold while delivering similar returns, dynamic McGlone considers unsustainable. He noted that the narrowing risk premium is a troubling sign for Bitcoin’s ability to outperform going forward. https://twitter.com/mikemcglone11/status/1952329329523794247 This contraction in volatility comes at a time when Bitcoin has struggled to decisively outperform gold, despite carrying significantly more risk over the past four years. The Bitcoin-to-gold price ratio remains range-bound, unable to break above key resistance near the 9.0 level, last tested in late 2021 and again in early 2025. McGlone cautioned that Bitcoin’s “risk-on” nature could work against it in the second half of the year if broader market risk appetite diminishes. Gold’s next price target The strategist pointed to suppressed S&P 500 volatility and warned of a potential reversion to the mean in risk assets. In such a scenario, gold, a “risk-off” asset, could benefit, potentially surging past the $3,500 level. Looking ahead, McGlone suggested that if markets remain flat through year-end, 2025 might be viewed as a success under a second Donald Trump term, except for one standout, record-setting gold prices. In contrast, Bitcoin could lag, as tightening volatility and fading speculative appeal weigh on its performance. This outlook comes despite both assets delivering strong gains in 2025, with Bitcoin recently hitting a record high above $123,000 and gold encountering fresh resistance near the $4,000 mark. Featured image via Shutterstock The post Strategist flags Bitcoin’s most ‘troubling sign’ to watch appeared first on Finbold .
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