Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Is Cardano Correlated With This Altcoin? Analyst Justin Bennett Looks at Under-the-Radar ADA Connection

by Daily Hodl Staff
September 1, 2021
in Altcoins

Crypto analyst Justin Bennett says he sees a close correlation between Cardano (ADA) and one under-the-radar altcoin.

The closely followed analyst tells his 65,000 followers that for some time now, moves in Cardano are usually followed by similar price action in enterprise blockchain platform VeChain (VET).

“Nothing against $ADA, but sometime soon, we’re going to see capital flow out of ADA and into $VET.

That’s how it’s worked from day one. No reason to think otherwise.”

Image
Source: Justin Bennett/Twitter

At time of writing, VET is up about 11.8% since Bennett tweeted the above chart, and 58% in the last 30 days according to CoinGecko. Bennett says crypto investors can expect VeChain to stay strong relative to Cardano in the coming weeks.

“And just like that, $VET is curling up, and $ADA is curling down like clockwork.

Expect VET to outperform over the next few weeks.”

Image
Source: Justin Bennett/Twitter

Aside from VET, the analyst is also eyeing up leading meme crypto Dogecoin (DOGE). Bennett offers four main reasons why he remains optimistic about DOGE.

“Why am I bullish on $DOGE?

• Higher highs/lows since July
• Terminal pattern to work with
• Clear invalidation point
• Extremely favorable risk/reward

This doesn’t mean the trade WILL work, but these are the kind of technicals I look for.”

Image
Source: Justin Bennett/Twitter

The technical analyst says DOGE appears to have broken out of a small downtrend and is poised to continue higher, potentially to $0.40, or about a 40% rally.

“$DOGE breakout from the smaller trend line confirmed on the 4-hour chart.

Still long from yesterday. Looking for a close above 0.30 for a move to 0.35 and potentially 0.40.”

Image
Source: Justin Bennett/Twitter

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
 
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 loses 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.

Featured Image: Shutterstock/Mia Stendal

 

Submit a Press Release

Industry Announcements

  • Gate.io Announces Second Audit After Being First Exchange To Provide Proof-of-Reserves
    July 6, 2022
  • VSR Supported by Lamborghini Squadra Corse Implement Corporate NFT Technology With Go2NFT
    July 6, 2022
  • Spritz Finance Launches Direct Wallet Pay, an Easy Way To Pay Real-World Bills With USDC From Any Crypto Wallet
    July 5, 2022
  • Metaverse Summit To Accelerate Open Metaverse and Web 3.0 With International Leaders
    July 5, 2022
  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,427.00
$20,427.00
1.42%
Ethereum
$1,185.27
$1,185.27
4.33%
Cardano
$0.464156
$0.464156
1.58%
XRP
$0.32974
$0.32974
2.15%
Dogecoin
$0.069132
$0.069132
2.55%

Spotlight

  • Veteran Trader Tone Vays Updates Bitcoin Forecast As BTC Clings to $20,000
    June 30, 2022
  • Crypto Analyst Who Nailed Bitcoin Collapse This Year Issues Warning, Says Fresh BTC Crash Imminent
    July 3, 2022
  • Biggest Ethereum Whales Jump Into Fantom and Two DeFi Altcoins That Rallied Over 60% This Week: On-Chain Data
    July 6, 2022
  • Under-the-Radar Hedge Fund Altcoin Surges 130% in One Week, Defying Crypto Downtick
    July 1, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl