Two market analysts predicted that Solana’s price movement would be bearish. AMBCrypto predicts that the SOL price will fall to $120 or lower in the short term. Over the past 40 days, Solana has faced some significant challenges on the charts, with SOL down 17.26%. This downward trajectory could accelerate as additional insights supporting the decline come to light. In particular, SOL is expected to trade higher following this recent decline, so the recent downtrend could be the final catalyst for a major uptrend. SOL Crossroads, Potential Downside Forecast According to Karl RunefeldSOL, a prominent market analyst, is at a…
Author: Crypto Flexs
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Top 5 Stories of the Week Cryptocurrency gets ‘extremely scary’ as Arthur Hayes predicts Bitcoin weekend will be ‘under $50k’ Crypto market sentiment has turned to “extreme fear” after Bitcoin briefly fell below $56,000, with BitMEX co-founder Arthur Hayes predicting that Bitcoin could fall another 12% to below $50,000 over the weekend. The Crypto Fear & Greed Index, which measures market sentiment and trends and assigns a total score of 100 (representing extremely positive sentiment), recorded a score of 22 on September 6, indicating “extreme fear.” This is a 7-point drop from the previous day, when sentiment was pegged at…
XRP (XRP) has lagged the overall cryptocurrency market so far in 2024, down more than 15% since the start of the year, while all other assets have gained around 20% over the same period. However, a mix of fractal and technical indicators show that XRP price is likely to see a significant rebound in the coming weeks.XRP’s bullish reversal setup implies 100% profit.XRP’s weekly chart is showing signs of a potential bullish reversal, with an inverse head and shoulders pattern forming. The technical setup features a left shoulder that formed between May and December 2022, a head in June 2023…
Iris Coleman Sep 07, 2024 05:15 The latest update to Telegram enables Star Giveaways for groups and channels and introduces Instant View of articles in Telegram Browser. Telegram has unveiled new features in its latest update that enhance user experience and community engagement. According to Telegram, groups and channels can now use Telegram Stars as prizes. Additionally, any article opened in Telegram Browser can now be converted to Instant View for easier reading. Star Prizes Telegram’s new feature allows channel and group owners to host giveaways to promote their communities and reward members with…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. SUI (SUI) has shown strength against market volatility with its recent surge. This positive trend was driven by important network updates, the introduction of Grayscale SUI Trust, and large OTC purchases, which increased investor confidence. As a result, the cryptocurrency has seen a strong surge despite the widespread market difficulties. SUI Key Statistics Current price: $0.864 Market Cap: $2.32 billion Trading volume (24 hours): $377.39 million Circulating supply: 2.68 billion SUI Total supply: 10 billion CoinMarketCap Rank: #31 Over the past 30 days,…
As Bitcoin miners release their August production updates, the results are mixed across the sector. Many companies report strategic efforts to optimize operations amid network issues and high electricity demand, especially in Texas, where many miners operate.As miners prepare for the challenges ahead, many are focusing on efficiency, cost management, and strategic investments while managing the Bitcoin network’s increasing difficulty.Web3 accelerator Outlier Ventures recently said that the four-year cycle has ended, and Bitcoin has experienced its worst price performance since the halving this year. Research director Jasper De Maere said that the last time the halving had a “significantly fundamental…
SLERF has been in the news for being the memecoin with the highest liquidity. The token has crushed major competitors like WIF and PEPE. However, the SLERF market has shrunk considerably. Lookonchain reported on Saturday that SLERF, a Solana-based mimecoin, has recently surged in popularity, leading the top 10 mimecoins with the highest liquidity on decentralized exchanges (DEXs).SLERF was born out of a $10 million token presale in March that ended when the token developer accidentally burned all the funds raised in the event. Despite the setback, the token price aggressively surged, rising 414.3% intraday, and immediately after the incident,…
Wang Long Chai Sep 7, 2024 06:07 After the Bitcoin halving in April 2024, miners face profitability issues, which has led to the need for new strategies, including diversification into AI and renewable energy. Since the Bitcoin halving in April 2024, when mining rewards will be halved, miners have faced significant profitability challenges, and many have adopted new strategies to stay afloat. With energy costs rising and block rewards decreasing, miners are focusing on operational efficiency and hardware upgrades. Some are diversifying into AI and cloud computing, utilizing data centers to generate additional revenue.…
After a week of weakness for many crypto tokens, with only three of the top 50 tokens by market cap seeing gains this week, the value of U.S.-based spot bitcoin and spot ethereum exchange-traded funds (ETFs) hit new multi-month lows, according to The Block’s pricing page. On Friday, U.S. spot Bitcoin ETFs recorded outflows of about $170 million, bringing the total cumulative value of the 12 funds in the market to $48.24 billion. It was the first time in a month that the value fell below $50 billion and the lowest cumulative value since May 1. According to SoSoValue data,…
Coinbase added a new native asset for an Ethereum (ETH) layer 2 scaling protocol to its listing roadmap on Friday, paving the way for the token to potentially be traded on the largest U.S. cryptocurrency exchange. The latest addition to the listing roadmap, Zksync (ZK), calls itself “an ever-expanding verifiable blockchain network secured by mathematics.” This project is a ZK rollup, one of two major rollup solutions that executes transactions outside the Ethereum blockchain but records transaction data. ZK rollups execute computations off-chain and then submit validation reports, while the other type, Optimistic rollups, automatically assume transactions are valid. Describes…