Solana’s native token SOL (SOL) rose 13% between July 14 and July 16, breaking the $160 resistance level for the first time in five weeks. However, there is little to celebrate for bulls, as SOL is down 24% from its March high of $209. Traders are now questioning the sustainability of the uptrend and the possibility of a retest of the $180 level in the short term.Solana Mimecoin Fever and Ether ETF MomentumThe recent excitement over SOL can be partly attributed to the final stages of approval for an Ether exchange-traded fund (ETF). According to Bloomberg analyst Eric Balchunas, the…
Author: Crypto Flexs
Read More
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Investors looking for the cheapest crypto trading under $1 are looking to the market as the anticipated bull market begins. Several cryptocurrencies have stood out from the crowd by showing promise of significant gains. Today’s analysis highlights five of them. Cheap Cryptocurrency Under $1 Analysts say that it can provide significant returns. Meanwhile, cryptocurrency markets saw significant gains yesterday, fueled by a bullish mood across the board. Price of BTC After a downtrend, the price regained momentum, falling from $71,000 to $60,000. As…
The price of XRP has risen more than 25% over the past seven days. If history repeats itself, XRP may reach its ATH in late 2024 or 2025. Like most cryptocurrencies, Ripple (XRP) Last week also saw a huge performance, gaining bullish momentum. It was interesting to note that the token’s current state is similar to the last rally, which resulted in XRP hitting an all-time high a few years ago. Let’s look at some indicators to see if history is likely to repeat itself. Historical Trends of XRP According to CoinMarketCap dataXRP bulls have clearly been dominant over the…
Former US President donald trump He said the cryptocurrency industry is good for the country and that the U.S. should lead the global cryptocurrency race before China or any other country, Bloomberg reported Tuesday. “If I put it aside, it will be adopted by other countries, probably China. They are quite advanced in that area,” Trump said in an interview with Bloomberg. interview. “So you have to look at it. What I want, in other words, is what’s good for the country.”The Republican presidential candidate said cryptocurrencies “are not going away” and plans to release another set of NFTs. “I’ve…
Iris Coleman 16 July 2024 15:57 According to Binance Research, the cryptocurrency market is expected to grow by 37.3% in the first half of 2024, driven by the strong performance of Layer-1s, DeFi, and stablecoins. According to Binance Research, the total cryptocurrency market capitalization surged by 37.3% in the first half of 2024, ending the period at around $2.27 trillion. The growth was mainly concentrated in the first quarter, which saw a notable increase of 60.2%. However, the second quarter experienced a more difficult environment, with a decline of 14.3%.1st tier takes the leadLayer…
According to a July 16 X post from the network’s development team, the Ethereum Layer-2 Blast network has cut its withdrawal time in half, from 14 days to 7 days. The network previously required longer withdrawal times “to provide a buffer for Lido withdrawals.” The team claims that this longer wait time is no longer necessary.Source: BlastThe team posted a message from the new X account @blast, replacing the previously used account @blast_l2. The old account announced the existence of the new account on its profile.In a related thread, the team stated that Blast core contributors have been monitoring withdrawals…
According to on-chain data from Glassnode, the Bitcoin (BTC) price is experiencing a “short-term sell-off” as it breaks above $65,000. According to data from Cointelegraph Markets Pro and TradingView, the Bitcoin price rose more than 20% from its low of $56,616 on Friday, July 12 to an intraday high of $65,210 on July 16 amid the ongoing recovery, which Glassnode attributed to “the complete exhaustion of selling pressure from the German government.”According to market intelligence firms, large institutions, including miners and institutions, have historically been the main source of selling pressure. The recent Bitcoin price drop to $53,000 was mainly…
Cypherpunk Holdings has significantly increased its stake in Solana, according to a statement released Tuesday. The publicly traded investment firm, headquartered in Toronto, Canada, said in a statement. brush +1.33% The bag currently consists of over 63,000 tokens, worth around $14 million, up from 6,131 SOL last month.At the end of Q1 2024, the company held “nil” tokens. In addition to purchasing SOL, the company announced that it will run its own Solana validator and stake the majority of its holdings, 49,917 tokens (valued at approximately $11 million), using its own Solana node. It also operates a SOL options trading…
PEPE token regains $5 billion market cap after two-week hiatus With a trading volume of over $3 billion, PEPE has garnered attention by outpacing major altcoins such as BNB, SOL, and XRP. Despite falling more than 50% from its highs, traders expect WIF to remain above $6. Amid the market-wide rally, two major market cap meme coins were among the biggest gainers of the day. Pepe (PEPE) and Dogwifhat (WIF) surprised cryptocurrencies this Tuesday with daily gains of over 20% each.PEPE is back in the spotlightPEPE led the way with a 27% gain, surging back into the top 25 global…
Peter Zhang 16 July 2024 16:51 Anthropic has released the Claude Android app, featuring the powerful Claude 3.5 Sonnet model, available for free on all plans. Anthropic has announced the release of their new Claude Android app, bringing the power of their advanced AI model, Claude 3.5 Sonnet, to Android users. According to anthropic.com, the app is free and available on all subscription plans, including Pro and Team. Key features of Claude Android app The Claude Android app mirrors the features available on iOS and the web, providing a seamless multi-platform experience. Key features…