The cryptocurrency market has surged by 4.7% in the last 24 hours, with top altcoins showing impressive gains. Ethereum has jumped by 10.1%, XRP by 8.3%, Solana by 8.4%, Dogecoin by 11.3%, Cardano by 10%, Avalanche by 13.2%, Chainlink by 11.6%, and Stellar by 10.2%.
The latest bullish rally in the altcoin market has the crypto community buzzing, and renowned analyst Miles Deutscher has shared his secret formula for spotting the next altcoin pump.
Altcoin Market Analysis
At the start of April, the total market cap of the crypto market was $2.63 trillion, dropping to $2.31 trillion on April 7. However, since April 9, the market has surged by over 20.92%. Similarly, the altcoin market, which fell to $831.83 billion in the early days of April, has seen a recovery of 17.57%. Over the last three days, the market has risen by 7.67%, reaching $1.03 trillion.
Bitcoin Dominance and Spotting the Next Altcoin Pump
Bitcoin’s dominance started the month at 62.30%, reaching a peak of 64.59% yesterday. Currently, Bitcoin dominance sits at 64.31%, showing a slight decline. This indicates that altcoins are gradually gaining strength, as Bitcoin’s dominance starts to weaken.
Crypto analyst Miles Deutscher reveals the secret formula for spotting the next altcoin pump, highlighting four key factors investors should look out for:
Oversold Coins: Look for coins that have dropped significantly or are being shorted.
Strong Narratives: Coins tied to powerful stories, such as those in AI or gaming.
Upcoming Catalysts: Coins gaining attention due to upcoming events or news.
Technical Indicators: Coins that show a perfect alignment of technical signals, including key support and resistance levels.
Conclusion
With Bitcoin’s dominance weakening, the altcoin market is showing clear signs of recovery. According to experts like Miles Deutscher, focusing on oversold coins, strong narratives, upcoming events, and solid technical indicators could help investors spot the next big altcoin breakout. As the market continues to evolve, these insights provide traders with the tools to prepare for the next major rally.
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Kraken Team of Janover:- A lot has happened with Janover (NASDAQ: JNVR) in the few past days. One of the leading crypto exchanges, Kraken, invested in its private offering fundraising of $42 million last week.
With other investors including Pantera Capital, Arrington Capital, the AI-powered real estate lending firm is also focusing on its Solana Treasury strategy. It is slowly aiming to transition from a fintech company to Web3 pioneer in DeFi.
This all is happening after an all-former Kraken team acquired majority ownership in the company on April 7. The press release revealed the reason to be for “bridging the liquidity gap between Traditional Finance and Decentralised Finance.” In fact, Janover is soon set to rename to “DeFi Development Corporation” with a new ticker symbol.
But, let’s come straight to the point:- Why are former Kraken Executives Interested in Janover? Before it, the firm was purely AI platform focused on connecting the lenders and borrowers in the real estate market.
Decoding the Acquisition by Kraken Team
The Kraken team has notably bought 728,632 shares of Janover common stock with its share witnessing a whopping 1,000% surge soon after it unveiled its treasury strategy. The impressive market performance highlights the bullish response on its DeFi amibitions and transitions.
A CNBC report compared its renewed ambitions with that of becoming the next “MicroStrategy” but for Solana. As of April 13, 2025, MicroStrategy – now operating under the name Strategy – holds 531,644 bitcoins,
Janover’s bid is evident on the surface. It is following a bold new treasury strategy architected by former Kraken management executives.
As part of its new Treasury Strategy, Janoger on April 11 completed purchase of $5 million of Solana (SOL) tokebs. This brings its total Solana holdings to 83,084 worth $9.6 million. It immediately started staking it’s SOL immediately for revenue yields.
JNVR SOL Holdings
Further, Janover operates in the $3 trillion+ U.S. commercial real estate (CRE) sector—a space that’s historically underserved by tech.
This gives Kraken-aligned investors a “real-world asset” (RWA) entry point. The company plans to rename itself to DeFi Development Corporation, signaling a serious pivot to Web3-first business models.
As part of the transition, Janover aims to become the first U.S.-listed company offering public market investors direct exposure to Solana’s ecosystem.
The Company also aims to operate one or more Solana validators. This is aimed at enabling it to stake its treasury assets, participate in securing the network, and earn rewards that can be reinvested.
The broader goal, according to the company, is to build a transparent, long-term value engine that compounds net asset value (NAV) and serves as a scalable gateway to DeFi within public equity markets.
Notably, as per the revelation, Janover isn’t pivoting away from its core—it’s enhancing its fintech model with blockchain principles.
JNVR Stock Since Acquisiition
Who are the Kraken Team Members Leading Janover Now?
Following the acquisition, the Board of Directors appointed Joseph Onorati as Chairman and CEO, and Parker White as Chief Investment Officer and Chief Operating Officer.
The new leadership, including Joseph Onorati as CEO and Parker White as CIO/COO, brings extensive experience from the crypto industry.
1. Joseph Onorati served as Chief Strategy Officer at Kraken Digital Asset Exchange.He also founded and led a high-frequency crypto market maker and briefly served as interim CEO at CaVirtEx, Canada’s first Bitcoin exchange, which was acquired later by Kraken.
2. Parker White was the Director of Engineering at Kraken Digital Asset Exchange.He currently operates a Solana validator with $75 million in delegated stake and previously managed a $2 billion bond portfolio at an institutional investment firm.
Additionally, Marco Santori, former Chief Legal Officer at Kraken, has also joined Janover’s Board of Directors.
However, Janover’s founder, Blake Janover, and Director and Audit Committee Chair William Caragol continue to on the board to ensure continuity in the company’s operations.
Notably, Janover isn’t a whitepaper project — it’s a revenue-generating commercial lending platform in a $3T+ real estate market. This proves to be a safer bet for Kraken Team than pure crypto startups – for leading and securing space in DeFi.
Next Microstrategy?
Janover is making this transition at a strategic time. With institutions warming up to stablecoins, tokenized U.S. Treasuries, DeFi yield products, it can have an edge in its ambitions.
Janover’s treasury pivot could position it as a leader in real-world asset integration, which Kraken-affiliated strategists are likely bullish on.
But it is still to early to see it in par with Microstrategy. Investors can keep an eye as its future plans unfold.
Cardano price is nearing a key technical milestone that may signal a shift in its price momentum. The cryptocurrency, currently priced at $0.6484, has shown a 2.45% decrease in the last 24 hours. However, technical indicators suggest that ADA price is heading towards its first “death cross” of 2025.
Cardano Technical Indicators Point to Bearish Momentum
Cardano’s recent price action suggests that the 50-day simple moving average (SMA) is likely to cross below the 200-day SMA in the coming days. This crossover, known as the death cross, is typically seen as a bearish signal. As per our recent Cardano price analysis, should the death cross occur, ADA could dip 25%.
ADA/USD price chart (source: TradingView)
At the time of writing, the 50-day SMA stands at $0.74, while the 200-day SMA is at $0.734. As the 50-day SMA continues to decline, it indicates that the short-term momentum of Cardano is underperforming compared to its long-term trend. A death cross often leads to a further decline in price, although the extent of the drop can vary.
Despite the approaching death cross, it is important to note that such technical indicators are not always reliable predictors of future price action. While historical patterns may provide insight into market sentiment, they do not guarantee that prices will follow the same trajectory. This means that ADA price could experience a reversal even after the death cross forms, depending on other market factors.
Recent Price Trends and Market Conditions
ADA price has seen a notable decrease in Cardano price over the past week, with a 7.67% drop. After peaking at $1.19 in early March 2025, the coin has struggled to maintain its momentum, particularly as broader market concerns weigh on investor sentiment.
On top of this, Cardano’s trading volume has been decreasing. The daily trade volume has dropped by 58.72%, with just under $394 million traded in the last 24 hours. A decrease in trading volume typically suggests that market participants are losing interest or that there is waning demand for ADA.
Despite these challenges, there have been some positive developments surrounding Cardano. Charles Hoskinson, the co-founder of Cardano, recently confirmed that Ripple’s RLUSD stablecoin would be launching on the Cardano network. This news was met with some optimism, sparking interest in ADA. Additionally, Hoskinson teased the possibility of Cardano playing a role in Bitcoin’s decentralized finance (DeFi) ecosystem. These announcements could potentially help Cardano regain momentum, but for now, the technical indicators suggest a cautious outlook.
What Could Happen Next for ADA Price?
As Cardano approaches the death cross, the primary question is whether the price will continue its downward trend or if there will be a reversal. The chart shows a pattern of consolidation, with ADA price action fluctuating within certain support and resistance zones.
According to crypto analyst Seth fin, strong support is seen around the $0.6000–$0.6500 range, while resistance lies near the $0.7000–$0.7500 levels. If ADA fails to break through the resistance, the price could continue its decline towards these support zones.
One potential scenario is that price could experience a bounce if the Cardano price holds at these support levels, particularly the $0.6000 zone. This would signal that the market is still interested in buying ADA at lower prices. On the other hand, if the price fails to hold these support zones and breaks below them, further downside may follow, potentially leading to a retest of lower support zones in the $0.3000–$0.4000 range.
