Ethereum News Daily Official TheBitTimes.com

A crypto strategist known for accurately calling the 2021 digital asset cycle top believes that several altcoins are poised for significant rallies. The analyst pseudonymously known as Pentoshi tells his 854,200 followers on the social media platform X that the crypto market is not reacting to bad economic news, signaling that a possible bottom is in. “Now price not reacting to tariffs or negative news anymore while many, not all things, are at high timeframe supports. Not a bad sign for some relief.” He says several alts appear poised to undergo mean reversion moves after the market correction. In trading, mean reversion is the theory that prices will revert to their averages after an extreme move. First up, he says PENGU, the utility token for the non-fungible token (NFT) project Pudgy Penguins, may surge to $0.01658 and possibly higher. “PENGU mean reversion areas (probably will have a lot of resistance at the upper one if we get there to be...

Cryptocurrencies have brought about one of the biggest paradigm shifts in finance in recent memory.  While they carry the potential to turn the tide in favor of decentralization and transparency, practical use cases are still in their infancy. On the other hand, digital assets have seen widespread adoption in the form of speculative investments. Once the domain of the particularly internet-savvy, they are now widely available and enjoy strong mainstream appeal. As this nascent industry matures, the rough edges are being smoothed out. While cryptocurrencies are still very volatile, they’ve slowly begun to stabilize — whether through a stronger correlation with the performance of traditional assets, the advent of stablecoins, or institutional involvement.  Picks for you The Bitcoin ‘train still has room to run' after the $107,0...