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Trader Says Altcoin That’s Doubled in Less Than a Week Could Go Higher, Outlines Path Forward for Sui A closely followed crypto strategist believes a red-hot altcoin project has more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 206,900 followers on the social media platform X that the native token of modular blockchain Dymension (DYM) could soon revisit higher levels after a retracement. “DYM: closed all of this yesterday, not going to round trip profit right now. It’s still a bit choppy and not a huge fan of where BTC is. Still think this could go higher but going to be patient for now.” Looking at his chart, the trader suggests that DYM is holding the $7.05 level as support and could rally to $7.39 based on Fibonacci retracement levels. Dymension is trading at $7.11 at time of writing, up from a low of $3.54 on February 6th, a gain of more than 100%. Next up, the trader .

PENGU/USDT is currently trading at 0.030198 USDT (+11.60%) with strong upward momentum and significant 24h trading activity: High: 0.032307 USDT Low: 0.026762 USDT Volume: 5.39B $PENGU , 161.10M USDT This NFT-focused token is gaining traction, making it a hot pick for traders. Trade Strategy Key Levels Support: 0.028000 (psychological level). Resistance: 0.032500 (24h high and breakout point). Targets 🎯 🎯 T1: 0.031500 (near-term resistance). 🎯 T2: 0.033000 (breakout zone). 🎯 T3: 0.035000 (extension rally).

The US Securities and Exchange Commission (SEC) has greenlit two Bitcoin/Ether combo exchange-traded funds (ETFs) proposed by Hashdex and Franklin Templeton.  Advertisement The approval order stated that these products are "substantially similar" to the existing spot-based Bitcoin and Ethereum ETFs that were approved by the agency earlier this year. Nate Geraci, president of The ETF Store, said that it would be interesting to see if other issuers, including financial titan BlackRock, will attempt to launch similar products following the SEC's recent approval.  HOT Stories SEC Greenligths Two Crypto ETFs Shiba Inu (SHIB) Lost Major Support, XRP Bullish Formation Invalidated, Dogecoin (DOGE) Reaches Key Support Level Crypto Facing $1.2 Billion Liquidation Bloodbath as XRP, DOGE, and ADA Record Stunning Losses Bitcoin Still Viewed as Highly Speculative Asset by Most CFOs The expert has predicted that there is going to be significant demand for these products, noting that financial advisors love diversification. These are market capitalization-weighed ETFs, with Bitcoin having roughly an 80% allocation in both products.  Advertisement The recently approved ETFs will likely be launched in January, according to Bloomberg's Eric Balchunas. The SEC approved multiple Bitcoin ETFs in early 2024, setting the stage for a significant cryptocurrency rally. As reported by U.Today, US-based Bitcoin ETFs have now surpassed Satoshi Nakamoto in total holdings. Ethereum ETFs, which went live in July, had an underwhelming debut with substantial inflows. That, they recently managed to gain some traction, logging two consecutive weeks of positive flows. Some issuers also rushed to file for other altcoins ETFs, including Solana-based ones. However, the SEC recently indicated that it was not going to approve them for now.$SOL

The US Securities and Exchange Commission (SEC) has greenlit two Bitcoin/Ether combo exchange-traded funds (ETFs) proposed by Hashdex and Franklin Templeton.  Advertisement The approval order stated that these products are "substantially similar" to the existing spot-based Bitcoin and Ethereum ETFs that were approved by the agency earlier this year. Nate Geraci, president of The ETF Store, said that it would be interesting to see if other issuers, including financial titan BlackRock, will attempt to launch similar products following the SEC's recent approval.  HOT Stories SEC Greenligths Two Crypto ETFs Shiba Inu (SHIB) Lost Major Support, XRP Bullish Formation Invalidated, Dogecoin (DOGE) Reaches Key Support Level Crypto Facing $1.2 Billion Liquidation Bloodbath as XRP, DOGE, and ADA Record Stunning Losses Bitcoin Still Viewed as Highly Speculative Asset by Most CFOs The expert has predicted that there is going to be significant demand for these products, noting that financial advisors love diversification. These are market capitalization-weighed ETFs, with Bitcoin having roughly an 80% allocation in both products.  Advertisement The recently approved ETFs will likely be launched in January, according to Bloomberg's Eric Balchunas. The SEC approved multiple Bitcoin ETFs in early 2024, setting the stage for a significant cryptocurrency rally. As reported by U.Today, US-based Bitcoin ETFs have now surpassed Satoshi Nakamoto in total holdings. Ethereum ETFs, which went live in July, had an underwhelming debut with substantial inflows. That, they recently managed to gain some traction, logging two consecutive weeks of positive flows. Some issuers also rushed to file for other altcoins ETFs, including Solana-based ones. However, the SEC recently indicated that it was not going to approve them for now.$SOL

The US Securities and Exchange Commission (SEC) has greenlit two Bitcoin/Ether combo exchange-traded funds (ETFs) proposed by Hashdex and Franklin Templeton.  Advertisement The approval order stated that these products are "substantially similar" to the existing spot-based Bitcoin and Ethereum ETFs that were approved by the agency earlier this year. Nate Geraci, president of The ETF Store, said that it would be interesting to see if other issuers, including financial titan BlackRock, will attempt to launch similar products following the SEC's recent approval.  HOT Stories SEC Greenligths Two Crypto ETFs Shiba Inu (SHIB) Lost Major Support, XRP Bullish Formation Invalidated, Dogecoin (DOGE) Reaches Key Support Level Crypto Facing $1.2 Billion Liquidation Bloodbath as XRP, DOGE, and ADA Record Stunning Losses Bitcoin Still Viewed as Highly Speculative Asset by Most CFOs The expert has predicted that there is going to be significant demand for these products, noting that financial advisors love diversification. These are market capitalization-weighed ETFs, with Bitcoin having roughly an 80% allocation in both products.  Advertisement The recently approved ETFs will likely be launched in January, according to Bloomberg's Eric Balchunas. The SEC approved multiple Bitcoin ETFs in early 2024, setting the stage for a significant cryptocurrency rally. As reported by U.Today, US-based Bitcoin ETFs have now surpassed Satoshi Nakamoto in total holdings. Ethereum ETFs, which went live in July, had an underwhelming debut with substantial inflows. That, they recently managed to gain some traction, logging two consecutive weeks of positive flows. Some issuers also rushed to file for other altcoins ETFs, including Solana-based ones. However, the SEC recently indicated that it was not going to approve them for now.$SOL