Solana’s native token, SOL (SOL), hit a four-week low on June 11, testing the $145 support level. In four days, SOL plummeted 15.8%, underperforming the broader cryptocurrency market, which saw total capitalization fall 10% over the same period. Nonetheless, two key indicators suggest that macroeconomic instability may have created a buying opportunity for SOL.Macroeconomic events have a negative impact on SOL pricesInvestors are concerned that the U.S. Federal Reserve’s delay in cutting interest rates could cause stock markets to adjust themselves to mixed economic signals. According to the CME FedWatch tool, traders now have a 48% chance that interest rates…
Author: Crypto Flexs
Read More
According to recent report Tezos has been developing a roadmap, with several new features and upgrades introduced to the network, according to cryptocurrency research firm Messari. The platform’s core developers have announced a strategic shift to a hybrid optimistic/zk rollup, with multiple teams dedicated to building rollups that will allow the platform to handle more transactions per second (TPS) and improve scalability. Tezos DeFi Ecosystem Booming According to the report, the recent launch of Nairobi, the 14th network upgrade, brings platform improvements, new rollup features and improved attestation. Tezos core developers also unveiled the Data Availability Layer (DAL), which works…
Solana (SOL) and Dogecoin (DOGE) are suffering from bearish pressure as the broader cryptocurrency market reflects the decline in Bitcoin price. Solana price is climbing to key levels as Bitcoin (BTC) hovers near the $66,000 threshold, while Dogecoin is trading lower along with the broader altcoin sector. Solana price today Over the past 24 hours, Solana’s price has fallen nearly 9% before falling below $150. Five fell to a low of $145.Day-An analyst of altcoins ranked by market capitalization says SOL price is in “make or break” territory. Solana’s daily trading volume has increased by 113% in the past 24…
Ethereum (ETH), which rebounded as high as $3,972 following the approval of the Ethereum Spot Exchange Traded Fund (ETF), underperformed Bitcoin and the broader cryptocurrency market last week, down 10%, and traders are betting on altcoins. The downward trend is questionable. It’s done.Considering this, the price of Bitcoin (BTC) fell 6% during the same period, while the overall cryptocurrency market capitalization fell 5.3%.A number of market and technical indicators show that ETH may witness a deeper correction before making another recovery attempt.ETH//USD daily chart. Source: TradingViewThe ETH/BTC ratio has been trending downward over the past week.Ethereum is down 10% over…
Bitcoin has seen the asset price fall below $67,000 over the past day. The historical support levels the asset may visit next are: Bitcoin is now not far from short-term holder realized price. As analyst James Van Straten pointed out in a post on “Realized price” here refers to an on-chain metric that tracks the cost basis of the average investor in the BTC market. This indicator is based on the “realization limit” model of cryptocurrencies. Related Reading If the spot price of an asset is higher than the realized price, this means the investor is currently holding on to…
Gateway.fm Appoints New CSO/CCO/Co-Founder Pradeep Singh on Mission to Expand and Democratize Access to Web3 Infrastructure – Chainwire housenewsroomGateway.fm appoints new CSO/CCO/Co-founder Pradeep Singh with mission to democratize access to Web3 infrastructure We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…
With less than 5 months left, we are entering a hot phase ahead of Devcon! that much Supporter Program, Impact Forumand Devcon Scholar It’s already out and Devcon tickets are getting closer to release. Today I’m sharing details on how to get Devcon tickets. Additionally, Devcon SEA’s programming track will be released! summary: we have two mainly Update for you today! Programming tracks are available live.Ticketing types and timelines are provided in real time. 🎤 Programming Timeline and Tracks Speaker applications open July 9th. You can now check out the different programming tracks. Devcon covers important topics and topics in…
Special Offer • June 11, 2024 2:59 PM EDT Posted 1 minute ago In ~ Episode 34 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and DACFP founder Ric Edelman.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, Google Podcasts, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Ric Edelman is the founder of the Digital Assets Council of Financial Professionals (DACFP).In this episode, Edelman discusses the importance of financial advisors in the cryptocurrency industry and highlights the need for advisors to understand and embrace…
FLOKI introduces a name service to create digital identities for holders. The tiered Web3 domain name system serves as a utility enhancement for FLOKI. FLOKI encountered a massive support cluster at $0.00024 during a market correction. FLOKI, a BNB chain-based meme coin, has continued to make remarkable progress, posting an average annual return of 1,031% since last year. It has made a name for itself with a wide range of trademarked products, including the Valhalla metaverse game and a dual staking system linked to Real World Assets (RWA). However, FLOKI’s Cinderella story was derailed by unstable market conditions triggered by…
Worldcoin’s token price continues to fall amid a lengthy suspension in Spain over privacy concerns. ApeCoin, on the other hand, showed volatility with a potential ROI of just 0.80%, making investors wary. However, BlockDAG stood out with the recent launch of Keynote 2, celebrating a 1120% price increase in batch 18 and surging presale value to $48.8 million. Keynote 2 highlights key technological advancements along with the miner’s mining capabilities and predicts daily revenue to grow to $5 million, making BlockDAG a promising investment. Worldcoin Token Price: Challenges and Uncertainties Worldcoin (WLD) recently faced serious problems in Spain, with operations…