Despite hitting an all-time high of $264 on November 23, Solana (SOL) has not yet entered a price discovery period. The altcoin has shown a clear downward trend over the past 25 days, forming a series of lower highs (LH) and lower lows (LL) over a 4-hour period.Solana 4-hour chart. Source: Cointelegraph/TradingViewDespite the bearish outlook for SOL in the short term, long-term charts indicate an imminent rally, with several analysts calling for a new all-time high for the altcoin. Solana’s “bull flag” fractal predicts a rise to $300.As seen on Solana’s daily chart, altcoins have been repeating a fractal pattern…
Author: Crypto Flexs
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INJ bulls held on to support at $21.65 as analysts predicted a possible 12-fold rise to $380. Futures open interest showed an upward trend and volume increased 9.54%, indicating strong market confidence. Injective (INJ) was trading at the following prices: $27.77 At press time, it was down 0.46% over the past 24 hours and down 1.66% over the past week. The 24-hour trading volume is $221.5 million, the market capitalization is $2.73 billion, and the circulating volume is 98 million INJ. The chart shows INJ breaking out of a long-term downtrend after forming a round bottom pattern. This structure led…
Caroline Bishop December 17, 2024 16:43 NVIDIA launched the NeMo Retriever microservice to power multilingual AI capabilities for enterprises and impact global business through efficient data discovery and processing. NVIDIA said it has launched the NeMo Retriever microservice, a new suite of tools designed to power enterprises’ multilingual generative AI capabilities. Microservices leverage advanced embedding and reranking techniques to support accurate and contextual information retrieval across languages, significantly improving AI’s ability to process diverse data sets. Strengthening multilingual AI system The NeMo Retriever microservice is now accessible through the NVIDIA API catalog, giving enterprises…
Most people think that successful cryptocurrency bros are all about flashy watches and Lambos. But for the co-founder of Web3 core title Axie Infinity, nothing beats bugs and butterflies. “I grew up collecting insects and fossils. My dad also collects butterflies. So I like being in nature.” Jeffrey Zirlin, better known as “Jiho,” told Magazine in an interview conducted in the Philippines. Sky Mavis and Ronin Network co-founder says his unique fascination with rare bugs and natural creatures led him to Axie Infinity. He heard about the Axie NFT project a month after its launch in 2018, loved the look…
Most people think that successful cryptocurrency bros are all about flashy watches and Lambos. But for the co-founder of Web3 core title Axie Infinity, nothing beats bugs and butterflies. “I grew up collecting insects and fossils. My dad also collects butterflies. So I like being in nature.” Jeffrey Zirlin, better known as “Jiho,” told Magazine in an interview conducted in the Philippines. Sky Mavis and Ronin Network co-founder says his unique fascination with rare bugs and natural creatures led him to Axie Infinity. He heard about the Axie NFT project a month after its launch in 2018, loved the look…
Caroline Bishop December 17, 2024 09:04 NVIDIA CEO Jensen Huang will use his CES 2025 keynote to highlight the company’s advancements in AI and accelerated computing. This event will showcase NVIDIA’s impact on various industries. NVIDIA founder and CEO Jensen Huang will take the stage at CES 2025 on January 6 to deliver a keynote address. Known for his visionary leadership, Huang’s journey from being a busboy at Denny’s to leading one of the world’s most innovative technology companies is a testament to his relentless pursuit of innovation. Jensen Huang’s influence Huang has been…
A widely respected cryptocurrency analyst says Ethena (ENA), a synthetic dollar protocol built on top of Ethereum (ETH), is poised to continue its hot streak. An anonymous analyst known as Altcoin Sherpa tells his 234,500 followers on social media platform “I think it will continue to go higher. My average is still pretty high at around $0.92, but this product still outperforms most of the market (in my opinion). Buy all the dip you can.” Source: Altcoin Sherpa/X ENA, the 56th largest cryptocurrency asset by market capitalization, has risen more than 8x in the past three months and is trading…
Jessie A. Ellis December 17, 2024 09:40 Following the lead of pioneers like MicroStrategy, major companies are increasingly considering Bitcoin as a reserve asset against inflation and economic instability. In recent years, Bitcoin (BTC) has transitioned from a niche investment vehicle for individual investors to a mainstream asset considered by major companies around the world. According to a report from Bitfinex, this shift is driven by the perceived ability of cryptocurrencies to hedge against inflation and act as a store of value. Businesses adopt Bitcoin for their financial strategies. The trend pioneered by MicroStrategy…
join us telegram A channel to stay up to date on breaking news coverage ApeCoin price has fallen more than 5% in the last 24 hours, trading at $1.52 as of 2:48 a.m. ET, as investors dumped their holdings into the market for the meme coin. Despite the recent correction, APE price is still up more than 3% over the past seven days. Positive monthly performance also remains, with the cryptocurrency being 36% green over the long term. ApeCoin price is hovering above the negative trend line. APE/USD 4-hour chart (Source: GeckoTerminal) ApeCoin price was rejected at the $1.6042 resistance…
contributor Posted on: December 17, 2024 Ethereum’s whale dominance indicates strong bullish sentiment and potential price appreciation. Concentrated holdings have raised concerns about liquidity risk and potential market corrections. Ethereum (ETH) whales are increasingly dominating the network, with 104 wallets currently holding over 100,000 ETH, accounting for over 57% of the total supply. This significant change in Ethereum deployment raises important questions about its future, especially with regard to market governance and price fluctuations. As these whales continue to accumulate, their growing dominance signals strong optimism. But with such concentrated holdings, what impact could this have on Ethereum’s future price…