Author: dfmines

Recent crypto market dynamics in the past four days have seen the return of bullish momentum into many cryptocurrencies, with the Bitcoin price leading the charge. Interestingly, this has led to the projection of looming gains in many altcoins, and technicals suggest an altcoin season might be rolling into place.  Crypto analyst Kevin (@Kev_Capital_TA) recently drew attention to a significant development of a daily death cross in Bitcoin’s dominance. This rare occurrence could mark a shift in cryptocurrency investments in the coming months with implications for Bitcoin and the altcoin market. Bitcoin Dominance Chart Forms Daily Death Cross According to a technical analysis of the Bitcoin dominance chart, the leading cryptocurrency is about to form a death cross in the daily candlestick timeframe. A death cross is a technical indicator where a short-term moving average crosses below a long-term moving average, often signaling bearish momentum. On the other hand, Bitcoin’s dominance chart tracks the percentage of the total cryptocurrency market cap represented by Bitcoin, and a decline often signals increasing strength in altcoins. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst In this instance, the daily death cross on Bitcoin’s dominance chart is forming at a macro high for the first time in four years, according to Kevin’s analysis. Interestingly, technical analysis shows that Bitcoin dominance has faced a macro golden pocked rejection two different times in the past three months, a phenomenon that lends further weight to the change in market dynamics if a death cross were to eventually manifest. What Does This Mean For Cryptocurrencies? Kevin’s analysis highlights a historical precedent where a daily death cross at a macro high preceded the onset of alt season. Four years ago, in 2021, a similar event occurred on the Bitcoin dominance chart, preceding a shift in market momentum away from Bitcoin toward altcoins. During that time, Bitcoin’s dominance was around 63% of the entire market cap. However, the ensuing altcoin season saw Bitcoin’s dominance drop below 40% by April 2021. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? The current setup suggests a comparable scenario may be unfolding. If the death cross leads to a sustained drop in Bitcoin dominance, it could pave the way for an altcoin market rally.  Nonetheless, Bitcoin continues to dominate inflows. At the time of writing, Bitcoin was trading at $99,750, with a 55.8% market dominance. However, recent price performances of cryptocurrencies like XRP, Dogecoin, and Solana seem to be threatening this dominance. On the other hand, Ethereum, the king of altcoins, has yet to manifest a similar rally this cycle.  Adding to this perspective, crypto analyst TechDev pointed to the onset of an altseason. His analysis focuses on the six-month candlestick timeframe of the Bitcoin dominance chart, where he points out that the current candlestick is the one where altcoins are going to make their move. According to TechDev, the current candlestick aligns with historical moments when altcoins rallied, citing parallels in 2017 and 2021. He explained that during these cycles, Bitcoin dominance declined in a new six-month candle after it surpassed the previous cycle’s all-time high. Featured image created with Dall.E, chart from Tradingview.com

https://notes.ethereum.org/@rudolf/interop-acc I have copy-pasted the text below for those that would prefer to read it on reddit. The text is not mine I'm simply reposting for visibility, credit to their authors: Arbitrum, Base, ENS, MetaMask, Optimism, Phantom, Polygon, Taiko, World, and ZKsync. TL;DR: We need to solve L2 interop to build the world computer 🌎…
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A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly amassed profits of more than $17 million from several AI-focused tokens, and on-chain data now points to a pivot toward fresh memecoins. According to an analysis shared by Lookonchain on X, the trader’s largest gains stem from early positions taken in GOAT, ai16z, Fartcoin, and ARC. Crypto Trader Turns AI Coins Into $17 Million Lookonchain reports via X, “What a smart AI coin trader! Profits exceeded $5.14M on GOAT. Profits exceeded $4.5M on ai16z. Profits exceeded $4M on Fartcoin. Profits exceeded $4M on arc. Let’s take a look at which tokens he is buying.” Related Reading: Altcoins Surge As Crypto Market Kicks Off 2025 On A High Note The trader’s most significant win reportedly came from GOAT. He entered the token at a time when its overall market cap was below $2 million dollars, spending around $62,000 to purchase approximately 11.1 million GOAT tokens. After riding GOAT’s rapid ascent, he sold all GOAT with a total of about $5.2 million, netting an estimated $5.14 million. His performance with ai16z – a decentralized AI-powered trading fund on the Solana blockchain – is similarly impressive, as he spent one $123,000 to acquire 6.17 million tokens at a market cap of $22 million. Lookonchain’s data indicates that he sold 4.67 million ai16z tokens at around $1.78 each and still retains 2.65 million tokens currently valued near $2.9 million. According to Lookonchain, this amounts to a total ai16z profit of more than $4.5 million. The analysis also highlights significant gains from Fartcoin, which the trader bought at a market cap of under $7 million, paying $121,000 for around 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while keeping 2.65 million tokens that are collectively valued at $3.55 million, bringing his net profit on Fartcoin to roughly $4 million. A similar pattern emerged in his ARC position, where he invested $212,000 to acquire 11.6 million ARC tokens when the project’s market cap was approximately $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million arc tokens worth about $4 million, resulting in another $4 million profit. Related Reading: Crypto Trader Capitalizes On Elon Musk’s X Name Change For 17,000% Return Lookonchain’s post also details the trader’s recent moves into several smaller-cap memecoins, including CREATE, PIPPIN, SANDY, MOLE, and FORGE. A screenshot provided by Lookonchain shows that he financed part of these purchases by selling Fartcoin in two batches of 25,000 units for $31,446.35 and $29,681.37, respectively. Additional funding appears to have come from selling Wrapped SOL (WSOL) in multiple transactions, including 100 units for $21,611, 50 units for $10,805.50, and 153 units for $33,069.42. The distribution of these WSOL sales suggests a methodical approach to securing liquidity before deploying funds into CREATE, PIPPIN, SANDY, MOLE, and FORGE. In total, he allocated $202,255 to acquire stakes in the memecoins. He spent $61,127 on CREATE, $21,611 on PIPPIN, $21,611 on SANDY, $65,486 on MOLE, and $32,420 on FORGE. At press time, GOAT traded at $0.52. Featured image from iStock, chart from TradingView.com

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