The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Trader Warns One Top-10 Blue-Chip Altcoin ‘Not Looking Great’, Updates Outlook on Bitcoin and Blur

by Mark Emem
October 12, 2023
in Altcoins

A widely followed analyst is urging caution on a multi-billion dollar crypto asset as it hovers above a key support level.

Pseudonymous trader Altcoin Sherpa tells his 196,700 Twitter followers that the utility token of the Binance crypto exchange and the native token of the Binance Smart Chain (BNB) is “not looking great, to be honest.”

“While I believe in Binance longer term, there’s so much fear, uncertainty, doubt (FUD) associated with that exchange that it’s probably best to be cautious overall. Not trading this one currently.”

Source: Altcoin Sherpa/X

BNB, the fourth-largest crypto asset by market cap, is trading at $208 at time of writing.

Turning to Bitcoin (BTC), Altcoin Sherpa says that the flagship crypto asset could fall to “$27,000 or lower” amid bearish price action.

“It’s an area [$27,000] that has a lot of support/confluence and, given this current environment, I don’t know if we’re going to see one of those big rips to the downside (in the short term).

More likely that we grind down I think.”

Image
Source: Altcoin Sherpa/X

Bitcoin is trading at $27,223 at time of writing.

Next up is the native token of non-fungible token (NFT) marketplace Blur (BLUR). According to Altcoin Sherpa, BLUR is currently “probably undervalued” given the fact that the NFT marketplace’s older competitor, OpenSea, is likely to be worth “billions”.

The pseudonymous analyst, however, says that he doesn’t “see any reason to buy” the altcoin at the moment while attaching a chart that shows BLUR consistently and consecutively hitting new all-time lows over its lifetime, amid declining volumes.

Image
Source: Altcoin Sherpa/X

BLUR is trading at $0.159 at time of writing, down by over 95% from the all-time high reached in February this year.

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: Midjourney

Submit a Press Release

Industry Announcements

  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
  • Threshold Network’s tBTC Is Now Live on Sui – Ushering In a New Era for Bitcoin DeFi
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$115,916.06
$115,916.06
4.09%
Ethereum
$2,949.70
$2,949.70
6.36%
BNB
$685.28
$685.28
2.37%
Solana
$163.91
$163.91
4.24%
XRP
$2.55
$2.55
5.85%

Spotlight

  • Trader Issues Urgent Bitcoin Alert, Says BTC Indicator That’s Predicted Major Crashes Is Flashing Red – Here Are His Targets
    July 3, 2025
  • Standard Chartered Bank Hit With $2,700,000,000 Lawsuit Over Alleged Role in Malaysian Sovereign Wealth Fund Fraud
    July 3, 2025
  • Two Billion-Dollar Banks Suffer Data Breaches – Names, Social Security Numbers and Account Details of 1,890 People Impacted
    July 3, 2025
  • Medicare and Medicaid Data Breach Hits 103,000 Americans As Fraudulent Accounts Opened Using Victims’ Personally Identifiable Information
    July 3, 2025
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

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

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

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl