• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22

    Bull Run Kickoff – Bitcoin and Crypto Set to Soar

    2025-07-22

    Something BIG is About To Go Down…Got Bitcoin?

    2025-07-22

    More Proof That Crypto Altcoin Season Started

    2025-07-21
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Top Trader Says One Ethereum Altcoin Has Now Reached ‘Blue Chip Status’ and Is Primed for Next Bull Run
Analysis

Top Trader Says One Ethereum Altcoin Has Now Reached ‘Blue Chip Status’ and Is Primed for Next Bull Run

2023-08-01No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

A closely followed trader says that one Ethereum (ETH) altcoin is emerging as one of the most established crypto assets with strong fundamentals.

Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 180,300 Twitter followers that the decentralized exchange Uniswap (UNI) could be gearing up for a move to the upside.

According to the trader, UNI is flashing signals that suggest it might be ready to begin an uptrend.

“I am thinking that UNI is blue-chip status. Given it has spent quite some time basing out I am going to start buying some. Back above the 200-week moving average and weekly momentum oscillators are starting to pick up.”

Image
Source: The Flow Horse/Twitter

Uniswap is trading for $6.54 at time of writing, up 1.54% in the past 24 hours.

Cantering Clark also weighs in on Bitcoin (BTC).

He says his previous bet that BTC would witness a significant correction appears unlikely at the moment, and he predicts there won’t be a lot of price action until there are further developments on Bitcoin exchange-traded fund (ETF) applications, which could come in August.

“My August BTC puts at [trading options platform] Synquote feel like a waste. $26,000 strike OTM (out of the money), not expecting a touch but just hoping volatility and risk would reprice, and I could be out during some overreaction.

There isn’t a whole lot of reason to expect much until the first ETF date, and there doesn’t seem to be any over-heated derivatives positioning or willingness for spot sellers to start sweeping the bid.”

The trader is also keeping a close eye on the Bitcoin implied volatility index, which shows that BTC’s current volatility level is 34.16%, its lowest percentage in years.

See also  Heco Bridge Exploiters Funnel $145,700,000 Worth of Ethereum Into the Crypto Mixer Tornado Cash: PeckShield

Cantering Clark says that the low levels of Bitcoin’s implied volatility suggest that the top crypto asset is setting up for a big move, without specifying a direction.

“Don’t get too complacent. Volatility compression leads to volatility expansion at some point.”

Image
Source: The Flow Horse/Twitter

Bitcoin is trading for $29,204 at time of writing, up 0.2% in the last seven days.

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

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

Altcoin Blue Bull chip Ethereum Primed reached run status Top Trader
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

More Proof That Crypto Altcoin Season Started

2025-07-21

The Start of Altcoin Season…

2025-07-20

Altcoin ETFs INCOMING: These Will SUPERCHARGE Alt Season!

2025-07-20
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Learn About Crypto

What Is Copy Trading in Crypto? A Beginner’s Guide

2025-07-10

Copy trading is one of the easiest ways to start trading crypto, even if you’re…

Bitcoin

MicroStrategy boosts Bitcoin holdings as BTC sits tight near the $26k range

2023-09-25

contributor Posted: September 25, 2023 MicroStrategy buys additional Bitcoin worth $147.3 million The firm’s Bitcoin…

USDC slowly repegs on unconfirmed reports of SVB resolution

2023-03-11

According to a post on Mar. 11 by Bob Elliot, chief investment officer of Unlimited…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Something BIG is About To Go Down…Got Bitcoin?

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 115,653.99
ethereum
Ethereum (ETH) $ 3,709.06
xrp
XRP (XRP) $ 3.11
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 769.68
solana
Solana (SOL) $ 180.14
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.229827
staked-ether
Lido Staked Ether (STETH) $ 3,703.56
tron
TRON (TRX) $ 0.316128
bitcoin
Bitcoin (BTC) $ 115,653.99
ethereum
Ethereum (ETH) $ 3,709.06
xrp
XRP (XRP) $ 3.11
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 769.68
solana
Solana (SOL) $ 180.14
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.229827
staked-ether
Lido Staked Ether (STETH) $ 3,703.56
tron
TRON (TRX) $ 0.316128