bullish

<ul class="wp-block-list news-points">
 <li>Pendle rose a massive 20% after Arthur Hayes dumped his holdings.</li>
 <li>TAO, SUI, APT, and SEI continue to print higher highs.</li>
 <li>Meme coins like WIF, SUNDOG, and POPCAT are not interesting.</li>
</ul>
Crypto Stream, an altcoin analyst, discussed a few promising cryptocurrencies and their potential for a bullish rally on X (formerly Twitter). He also explored whether this is a good time for investors to enter positions on these altcoins given the current market upswing.
In the <a href="https://x.com/CryptoStreamHub/status/1837873833199407141" target="_blank" rel="noopener noreferrer nofollow">X post</a>, the analyst pointed out that Pendle (PENDLE) saw a significant price increase after Arthur Hayes, co-founder of BitMEX, sold all his tokens at a loss of $1.29 million.
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Arthur Hayes(<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CryptoHayes</a>) sold 1.59M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> for $5.62M at an average price of $3.52 over the past 2 days. After his sell-off, the price of <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> surged by 24%, making the 1.59M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> worth $6.91M now. His sell-off resulted in a loss of ~$1.29M!<a href="https://t.co/HNWw2RiuDO" target="_blank" rel="noopener noreferrer nofollow">https://t.co/HNWw2RiuDO</a> <a href="https://t.co/IWvDTrc0Qt" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/IWvDTrc0Qt</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1837749398807498956?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 22, 2024</a>
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Another top performer of the week has been Bittensor (TAO), an AI project. The analyst mentioned that traders have been eagerly awaiting an entry point. According to CoinMarketCap <a href="https://coinmarketcap.com/currencies/bittensor/" target="_blank" rel="noopener noreferrer nofollow">data</a>,…
The post <a href="https://coinedition.com/altcoin-insights-a-crypto-analysts-take-on-the-current-market-upswing/" rel="noopener noreferrer nofollow">Altcoin Insights: A Crypto Analyst’s Take on the Current Market Upswing</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Altcoin Insights: A Crypto Analyst’s Take on the Current Market Upswing

Coin Edition

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