Cardano faces an uncertain path ahead

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#Cardano (ADA) clings to $0.35 support, but recovery signals remain weak
Cardano struggles to hold on to $0.35 support amid bearish momentum, while technical indicators show weakness.
The #ADA price could fall to USD 0.31 if the momentum remains intact, and could rise to USD 0.40-0.48 in the medium term. Cardano (ADA) is desperately clinging to the $0.35 support level in an attempt to send the altcoin further down the chart. Despite this, ADA is struggling to generate the momentum needed to reverse the downtrend.
This analysis looks at the challenges facing ADA and whether support can withstand increasing bearish pressure.
In the first few days of October, the Cardano price fell to $0.30. Having reached USD 0.40 a few days earlier, ADA, like many other cryptocurrencies, began to fall. This downtrend raised concerns about the possibility of a return to the $0.30 mark.
But so far, ADA has managed to stay above this mark, with bulls defending the $0.35 support level. Despite this resilience, the exponential moving average (EMA) shows that Cardano remains vulnerable to a bearish trend.
The EMA measures trend direction and uses specific crossovers to determine if prices are moving in an uptrend or downtrend.
If the long EMA crosses the short EMA, the trend is bearish. On the other hand, if the short EMA is above the long EMA, the trend is bullish. The 20 EMA (blue) and 50 EMA (yellow) indicators are almost converging, indicating a turning point for Cardano prices. However, as prices are below both indicators, the potential for a bearish trend is increasing.
This prediction is supported by the Average Directional Index (ADX), an important tool for measuring trend strength: an #ADX above 25 indicates a strong directional trend.

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Bitwise's Andre Dragosz noted a worrying trend on bitcoin spot exchanges, reporting a decline in net buying volumes over the past three days.

It is notable that long-term #bitcoin liquidations have increased significantly, reaching levels not seen since early August, when prices fell, indicating that short-term sellers may be losing momentum.
Dragoch noted that many short-term wallets are selling bitcoin at a loss, more than at previous lows in August, as reflected in the Bitwise Crypto Asset Sentiment Index, where market sentiment has shifted from bullish to neutral.
Glassnode's analysis shows a change in bitcoin supply dynamics: the supply of illiquid bitcoin has reached an all-time high, while the supply of liquid and illiquid bitcoin has reached its lowest since the beginning of the year. This change suggests that more bitcoins are being held for the long-term.
addition, Bitwise analyst Ayush Tripathi noted that the supply of bitcoins owned by long-term holders (those who have held the assets for at least 155 days) has increased since the beginning of October. This suggests that confidence in bitcoin as a long-term investment remains high, even if short-term demand has weakened.
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Is the recent drop in bitcoin an ideal buying opportunity?
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Moving averages are one of the simplest but most powerful indicators. Moving averages help to smooth out price data and identify trends over a period of time.

Types of Moving Averages
Simple Moving Average (SMA): the average price over a period of time. For example, a 50-day SMA calculates the average of the closing prices over the last 50 days.Exponential Moving Average (EMA): gives more weight to the most recent price and is more sensitive to price fluctuations.How to use moving averages.If the price is above the moving average, it is a buying opportunity. Conversely, if the price falls below the moving average, it is a sell signal. A "Golden Cross" occurs when the short-term MA (e. g. 50-day MA) exceeds the long-term MA (e. g. 200-day MA), indicating a bullish trend. A "death cross" occurs when the short-term MA falls below the long-term MA, indicating a bearish trend.RSI measures the speed and changes in price movement; RSI ranges from 0 to 100 and is mainly used to identify overbought and oversold conditions.How to use RSIthe RSI index above 70 indicates an overbought condition. In this case, the stock may be bought.An RSI below 30 indicates an oversold condition. The stock may be undervalued, indicating a buying opportunity.MACD is a momentum indicator that follows a trend. It shows the relationship between two moving averages of a stock's price.MACD Components: MACD line: the difference between the 12-day EMA and the 26-day EMA.Signal line: the 9-day EMA of the MACD line.Histogram: the difference between the MACD line and the signal line.Usage ofMACD line above the signal line is a buy signal; the MACD line below the signal line is a sell signal. A gap between the lines indicates the strength of the impulse; a larger gap indicates a stronger impulse.Bollinger Bands consist of three lines: the middle #band (SMA), the upper band and the lower band. The bands widen and narrow depending on market volatility.How to use Bollinger Bands
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In recent days, the bitcoin price has fluctuated between $60,000 and $63,000, creating a volatile environment for a number of altcoins, including PEPE and Dogwifhat (WIF).

These two tokens have caught the attention of investors due to recent price movement and a bullish outlook over the weekend.
But what are analysts and technology platforms saying about the growth prospects for #Pepe and Dogwifhat?
Pepe, a popular meme #token , has been experiencing significant volatility in the market recently; currently trading at around $0000009364, Pepe has fallen 4% in the past few hours but is up 9% in the past week.
Pepe's movement is closely tied to that of bitcoin, which has fallen due to recent geopolitical changes. However, technical forecasts point to the possibility of bullish growth of the token in the short term.
According to CoinCodex analysis, by October 6, 2024, Pepe could grow by 20% and reach a price of $000001122. Such growth could be a good opportunity for investors who want to take advantage of market volatility.
If we look further, the forecasts until the end of October are even more optimistic. Experts estimate that Pepe could grow by 220% and reach an all-time high (ATH) of USD 000003058.
This strong growth can be attributed to a combination of several factors, including improved market sentiment and increased investor interest in meme tokens.
An in-depth analysis of CoinCodex shows that:
"According to our current Pepe price forecast, Pepe is expected to grow by 229.53% and the token could reach $000003058 by November 1, 2024. The sentiment is currently neutral, the fear and greed index shows a score of 42 (fear); Pepe has registered 19 green days out of 30, and the volatility over the last 30 days is 16.15%. Therefore, it seems to be a good time to buy Pepe.
This bullish outlook may encourage many investors to open positions in Pepe in the coming weeks in anticipation of a sustained rise to new highs.

#WIF is currently trading at around $ 2.

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In late 2022, Solana faced a number of problems, particularly due to its relationship with FTX. The bankrupt exchange had been a major investor in Solana and one of the network's largest validators. After its collapse, the Solana network experienced disruptions and investors lost faith in the token.

Despite these setbacks, #Solana demonstrated its independent potential. Through a series of technical improvements, it demonstrated its commitment to building the network, and Solana ran several successful campaigns to improve its image, such as the "Only on Solana" campaign. This slogan was meant to demonstrate Solana's unique speed and scalability.
At that time, Solana also launched a mobile division and released its own Android phone with #Web3 functionality. Although sales were slow, they were eventually sold out. This also coincided with a surge in memcoin traffic on Solana. This increased the popularity of memcoins like #Bonk , making Bonk the largest memcoin on the network.
Despite the bullish view on Solana, Signum Bank does not expect high demand for the Solana ETF.
Solana has the potential to overtake #Ethereum in terms of trading volume, but still lags far behind in terms of Total Value Locked (TVL).
Solana has always been criticized for its centralized image. Recently, Edward Snowden blamed the network for this.
The recent results of Solana suggest that it could challenge Ethereum's dominance; if Solana continues to gain momentum, it could attract additional interest from institutional investors.
Is Snowden right about Solana? How centralized is the network?
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So far, the case has been interesting but very general: on October 2, two federal agencies, the Department of Justice and the Securities and Exchange Commission (SEC), filed amicus briefs urging the Supreme Court to grant the suit.

In the brief, six government officials, led by Federal Reserve Solicitor General Elizabeth B. Preloger and SEC Senior Appellate Counsel Theodore J. Hughes, argued in favor of allowing the Supreme Court to hear the case. Hughes argued for the Supreme Court to delay the case.
the note is based on the findings of a 2019 Royal Bank of Canada report that NVIDIA understated its #cryptocurrency revenues by $1.35 billion from February 2017 to July 2018, as well as a similar analysis by economic consulting firm The Prysm Group, which previously The note cites evidence from
the note also emphasizes that the appeals court relied on the fact that NVDA's revenues collapsed at the same time as cryptocurrency prices #rose .
In addition, two live testimonies of insiders (former employees, referred to as FE 1 and FE 2) were presented in the case. According to FE 1's testimony, the company maintained a global database specifically to track sales of GeForce series GPUs to cryptocurrency miners, and according to FE 2's testimony, CEO Jensen Huang was directly involved in the process. The FE 2 statement also alleges that in at least two different quarterly business reviews (QBRs), Huang said that miners favored GeForce GPUs.
The same day, a group of 12 former SEC employees filed another amicus brief, albeit one dealing solely with legal issues. In addition, six briefs were filed by the American Association for Justice, the Anti-Fraud Coalition, civil rights researchers, institutional investors, weighting experts, and Brian T. Fitzpatrick, a scholar, author of The Conservative Class Action, and professor at Vanderbilt University School of Law. The company filed six briefs.
shares of NVIDIA are currently trading at $122.74, up 0.81% in the last 24 hours and 2.13% for the week. The stock is up 15.68% month-to-date and 154.73% year-to-date.
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The Big Issue is scheduled for Wednesday, October 8, 2024 at 2 a.m. CET (Tuesday, October 7 at 9 p.m. GMT). The program will explore the origins of bitcoin and dive into the story of Satoshi, who created the digital currency in 2008. Bitcoin has become a major player in the financial world, and it all started with one mysterious person or group of people.

In the documentary, viewers will explore the evidence and theories surrounding Satoshi's true identity. Some theories suggest that Satoshi may have been a computer scientist or economist, while others have their own ideas.
Who will hold the power in the future of money? #Bitcoin is often referred to as digital gold because it can be used to buy things online and stored as money. However, its creator remains a mystery. Satoshi Nakamoto communicated with the first bitcoin community through online messages, but never revealed his identity. Some have tried to guess Satoshi's identity, but so far no one has been able to crack the code.
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In this article. Kamala Harris has received huge financial backing from Wall Street and Silicon Valley, raising nearly $5 million a day and vastly outspending Trump during the campaign.

Harris has more than $400 million at her disposal, allowing her to dominate advertising and gain an advantage in key states. She's backed by big financial and tech donors like Bruce Kirsch of Oaktree and Dustin Moskowitz of Facebook.
This surge in funding has given her the opportunity to go on the offensive against Donald Trump as the election approaches. And this little love affair could help her get elected. With the support of the Democratic National Committee, Harris is outspending Trump and the Republican Party by a three-to-one margin every day.
In August, she spent an average of $7.5 million a day, while Trump spent $2.6 million.
Since she replaced #Joe Biden as the Democratic nominee, her ability to raise money from wealthy donors has strengthened her position as a financial leader, which Democrats lost earlier this year.
In September, Harris increased her spending even more, spending $152 million on advertising, up 21 percent from August. By comparison, Trump spent just $63 million on ads.
polls show Harris has significantly narrowed Trump's lead over Biden, with a slight advantage in swing states. Still, the race remains close, and every dollar counts.
She's been invested in by donors such as Bruce Kirsch of Oaktree Capital, oil trader Andy Hall and Facebook co-founder Dustin Moskowitz. Actress Scarlett Johansson has also played a role.
These donors give Harris a clear financial advantage, allowing her to pour millions of dollars into key states like North Carolina and Nevada, where Trump was previously considered a must-win candidate.
See also: Why did #DOGE stock price rise 14% in one week?
By early September, Harris had $404 million, while Trump had $295 million.
Trump's campaign was forced into defense mode and spent $32 million more than it raised in August to stay competitive.

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Miner TeraWulf has sold its 25 percent stake in nuclear bitcoin mining for approximately $92 million to fund the expansion of hosting services for its high-performance computing and artificial intelligence center.

TerraWulf's stake in the Nautilus Cryptomine joint venture, located near the Susquehanna nuclear power plant in Pennsylvania, was sold to a subsidiary of partner Talen Energy Corporation. Completion of the transaction resulted in a 3.4 times return on TeraWulf's investment, the company said on Thursday.TeraWulf said the deal was valued at $85 million in cash, about 30,000 #bitcoin miners provided by Talen, and related equipment worth $7 million. The company plans to reinvest the proceeds into the construction of its flagship Lake Mariner facility in New York City, which will be dedicated not only to bitcoin #mining but also to an HPC/AI data center.Teraulf recently completed a 2MW HPC/AI center project in Lake Mariner. The company is also constructing a 20 MW liquid-cooled co-location building at the site, which is expected to be commissioned in Q1 2025.The decision to sell the Nautilus mine interest was made in anticipation of the expiration of the power supply contract and ground lease in June 2027, as the company seeks to take advantage of the higher cost efficiencies and lower power prices expected in the future at Lake Mariner.Paul Prager, CEO of TerraWolf, said: This transaction further reinforces TerraWolf's focus and investment in areas where it is most operationally efficient, has the greatest growth potential and the best opportunity to create additional value for its shareholders.As we look to the future, we are focused on meeting the infrastructure needs of our blue chip customers to meet their capacity availability and critical long-term requirements, enabling TerraWolf to meet the growing demand for HPC/AI.TeraWulf will announce its third quarter results on Nov.

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The Dogecoin project has received significant support from tech billionaire Elon Musk and his unicorn clan.

The price of #Dogecoin (DOGE) is set to soar 50%, fueled by increased activity from whale investors on the blockchain% Coinspeaker
pThe price of Dogecoin (DOGE) is set to soar 50%, fueled by increased activity from whale investors on the blockchain%. The price of Dogecoin (DOGE) will soar by 50%, which will be facilitated by increased activity of whale investors on the chain% Coinspeaker
The popular crypto analyst Ali Martinez believes that the price of Dogecoin in the short term can grow by at least 50%, reaching 16 cents, if it holds at current support levels. In addition, the crypto analyst noted that more than 60,000 addresses have bought more than 36 billion units of Dogecoin at 11 cents, which is a reliable support level.
It seems that Dogecoin is retesting the breakout point of the falling wedge. If this level holds, the price of $DOGE may quickly rebound and head towards $0.16. If Dogecoin breaks the 10-11 cents support range, the probability of further capitulation towards $0.08 will increase significantly.
The Dogecoin network has recently seen significant user growth and currently has over 7.4 million non-zero addresses.
This proof-of-work (PoW) coin is attracting institutional investors looking to enter the #cryptocurrency market through mining.
According to Santiment's analysis of #blockchain data, Dogecoin has seen the highest number of active addresses in the last six months, reaching 84,000 users.
The notable surge in Dogecoin activity on the network is largely attributed to the fact that kite investors are looking to diversify their altcoin investments ahead of the anticipated altcoin season.
In addition, the Doge/BTC pair is currently testing bear market lows coupled with bullish divergence on the weekly Relative Strength Index (RSI).

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Cardano's Decentralized Identification (DID) is gaining momentum.

New Identus technology from HyperLedger could be a game changer.
the company's founder Charles Hoskinson spoke about what to expect.
Charles Hoskinson, Cardano's founder, gave his opinion on the transition from Prism technology to HyperLedger Identus. This major technology shift occurred in the ecosystem about 10 months ago.
During the transition, new decentralized solutions have emerged, and Mr. Hoskinson described them as an open source Apache2 framework for identity applications.
the HyperLedger Identus protocol is designed to integrate distributed identity solutions into supported applications. One of the most common offerings is broad support for Self-Sovereign Identifiers (SSI); SSI is built on the World Wide Web Consortium (W3C) Distributed Identity Specification. This modern solution incorporates distributed identifiers (DIDs) and credential verification capabilities.
The paper notes that HyperLedger Identus simplifies the complexities associated with implementing distributed identity solutions into existing and new workflows. Enterprises are guaranteed seamless integration with Identus. This feature will drive global adoption.
The HyperLedger Foundation has called Identus a powerful tool for companies ahead of its time; Identus is written in the Scala programming language. However, the platform's OpenAPI interface allows developers to develop applications in any programming language.
In his X post, Cardano's CEO talked about how the IO team manages its contributions to the community. He also noted that #Cardano products such as Midnight and Lace utilize new technologies for identity.
This is common practice in the open core world, and SSI should work the same way. Identity doesn't have to be a product. It makes you a product.
a few days ago, the Cardano Midnight protocol was released on Testnet.

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However, as Finbold reported on September 7, there appears to have been a failed attempt to manipulate the outcome of a derivative bet between Trump and Harris on the Polymarket platform days after Trump's popularity rebounded in early September.

the end, Investigator X, known by the nickname Dumpster #DAO , at the time cited indicators of an attempted manipulation to artificially increase the odds of a vice presidential victory, and to capitalize on this, placed more than $9 million C on the purchase of Harris' #pro and Trump's anti-Trump stocks.
Overall, while the prediction market provides some insight into the popularity of the candidates, it also illustrates the complex nature of the upcoming US presidential election, where both camps have roughly the same chance of winning unless some shocking events occur, which emphasizes the importance of doing your own research when making important bets.
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Hyperliquid currently leads all open-source decentralized swap platforms in terms of trading volume.

It recorded a daily trading volume of $1.39 billion yesterday, surpassing competitors such as Jupiter, Thinfutures and dYdX.
Hyperliquid led all decentralized open-ended #swap platforms in terms of trading volume.
In the past few days, the platform has recorded higher daily trading volumes than other major decentralized derivatives platforms: according to DeFiLlama, Hyperliquid's daily trading volume yesterday was about $1.39 billion, compared to Jupiter's $699 million, SynFutures' $556 million and dYdX's $331 million.
Hyperliquid is a decentralized platform that allows users to trade open-ended derivatives by aggregating liquidity from various sources. It also allows #cryptocurrencies to be traded using leverage, which means borrowing funds to increase purchasing power. The company operates as a tier-1 application #chain with its own tokens such as Purr and Points.
Start your day with the most influential events and analytics happening in the digital asset ecosystem.
In recent months, Hyperliquid's average daily transaction volume has surpassed $1 billion, surpassing decentralized trading platforms. The protocol does not require data storage, so traders can always access their funds via #cryptocurrency wallets.
The project uses a specially developed trading engine focused on low latency, which allows for fast execution of orders on the Hyperliquid chain, which is extremely important for high-frequency traders.
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Since its launch, the meme-inspired cryptocurrency has sold about 410.73 trillion tokens out of a total volume of 1 trillion. Most of the tokens were burned after most of the SHIB stock was sent to Vitalik Buterin, co-founder of Ethereum.

The burn mechanism is designed to reduce the overall supply of #SHIB tokens, reduce supply and potentially lead to a price increase if demand remains flat or increases. The strategy is multifaceted and includes both automated and manual burning.
Last month, analyst firm Santiment shed light on the SHIB ecosystem and reportedly found that its investors are experiencing "huge levels of FUD (fear, uncertainty and doubt)" and that more than 1 billion SHIB wallets hold "the majority" of their funds.
An analysis by Santiment found that the share of meme-inspired cryptocurrencies in wallets with less than 1 billion SHIBs is at its lowest level since November 2022.
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Franklin Templeton has proposed index ETFs for Bitcoin and Ethereum, combining both assets into one fund.

Hashdex plans to launch a groundbreaking #ETF directly holding #Bitcoin and #Ethereum .
Franklin Templeton Investments, a well-known trillion-dollar asset manager, has filed a proposal with the U. S. Securities and Exchange Commission (SEC) to create an index exchange-traded fund (ETF) for bitcoin [BTC] and ethereum [ETH].
If approved, the initiative would allow global investment firms to combine BTC and ETH into one fund, giving investors a convenient way to access both digital assets. The proposed ETF would include Bitcoin, Ethereum and cash equivalents (short-term securities with a maturity of less than three months), allowing investors to trade these cryptocurrencies without having to own them directly.
The proposal comes at a time when all BTC ETFs recorded outflows of $52.9 million and ETH ETFs recorded inflows of $19.8 million, according to Farside Investors.
However, Franklin Templeton's Bitcoin and Ethereum Cryptocurrency Index ETF will be the first ever fund to combine BTC and ETH into one index product.
According to the announcement, the ETF is designed to simplify the investment process by giving institutional and retail investors easy access to the two largest cryptocurrencies by market capitalization. Commenting on the announcement, an X-user said, "As expected, this move also alleviates the complexity and volatility often associated with cryptocurrency exchanges.
The fund is priced based on the net asset value (NAV) of the underlying bitcoins and Ethereum and is offered in packages of 50,000 shares.
Notably, the ETF will take a simple approach to crypto investing, with no betting or other income-generating activities using digital assets.
The statement notes that:
"CSC Delaware Trust Company, a subsidiary of Corporation Services Company, is the trustee.
the following companies will also be added.

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US investment giant Franklin Templeton was responsible for making such a splash. The management company decided to include Aptos (APT) in its OnChain U.S. Government Money Market Fund (FOBXX) project. Aptos (APT) includes Arbitrum, Stellar, Polygon and Avalanche and will be the technology backbone of the fund.

With a market capitalization of $435 million, the fund is the second largest product in the tokenized fund segment available to retail investors.
Flare (FLR) and Fasttoken (FTN) are the other two assets in the top 100.
In addition to Franklin Templeton's move, the optimism of #APT investors is fueled by the acquisition of #cryptocurrency wallet developer Hashpallet by #Aptos (APT). Other #cryptocurrencies are falling today amid tensions in the Middle East and macroeconomic uncertainty in the U. S. and China.
Bitcoin (BTC), the largest cryptocurrency, fell today by 2.4%, and Ethereum (ETH) - by 5.7%.
In the last 24 hours, there were recorded liquidations of cryptocurrencies totaling $ 287 million, $ 241 million of which came from long positions.
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The development teams behind Ethereum's EigenLayer remining protocol and LayerZero messaging protocol have announced a new system designed to improve the security of cross-chain communications.

In a blog published on October 2, LayerZero Labs announced its collaboration with Eigen Labs and unveiled the structure of a "crypto-economic decentralized verification network" (DVN).
This system combines technical verification with financial incentives to ensure secure messaging between chains.
DVN addresses several problems associated with cross-chain security, such as lack of economic incentives for trust, limited security participation, and inflexible security models.
DVN uses crypto-economic security, where verifiers rely on assets that can be selected or "cut" in the event of fraudulent behavior or errors.
The system has four main mechanisms for securing interchain communications.
Verifiers pledge tokens such as EIGEN or native ZRO protocol assets. The messages are transmitted through the #blockchain and verified. If a discrepancy is detected, the #token owner can vote to veto the pledged asset. Finally, if malicious behavior is detected, the pledged assets are seized or destroyed.
The benefits of this system include increased security for cross-chain messaging, financial incentives for honest behavior, the inclusion of any network that contributes by pledging assets, and the flexibility of different verification methods, the blog post said.
The framework is open source, allowing other teams to run their own DVNs using betting assets of their choice. This allows you to build application-specific DVNs with customizable security parameters.
In its blog, Eigen Labs explains that omnichannel verification security used to depend solely on network verification mechanisms. But now, with Eigenlayer's re-keying primitives, anyone can re-key assets to provide an additional layer of security, the company added.

The total value of the EigenLayer blockchain is currently $ 10.
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According to the Morpher technical analysis platform, the "three blind mice" pattern is generally considered a continuation pattern, meaning that whichever direction the "three blind mice" are moving, that's the direction the price will move.

The last time Mr. Brandt mentioned the "three blind mice" pattern was in a post on Site X on December 17, 2022, when #bitcoin was trading at around $17,000, followed by a multi-week decline and a sharp rise in January 2023.
In an earlier post on X's website dated Oct. 2, Brandt warned traders that bitcoin's recent rally has not "broken the seven-month string of lows and highs" and that bitcoin is still in an ongoing downtrend.
Only a close above 71,000, confirmed by the new ATH, will show that the trend from the November 2022 low is holding, Brandt wrote.
Several traders noted that Brandt's "three blind mice" pattern is a more humorous version of the "three black crows" pattern, which is used to mark the reversal of an uptrend.
The origin of the pattern's name may also be linked to a popular nursery rhyme that repeats two verses: "three blind mice" and "watch them run away". Bitcoin has fallen 7.1% in the past three days, and the 72-hour drop has wiped out 12 days of gains.
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Robert Mitchnack, head of digital assets at BlackRock, has reportedly said that the Ethereum (ETH) exchange-traded fund launched by the global investment giant earlier this year has seen low inflows compared to Bitcoin (BTC).

the Fortune Business Journal reported that inflows into BlackRock's iShares #Ethereum Trust (ETHA) #ETF were "less impressive" than the iShares #Bitcoin Trust (IBIT) ETF owned by the monoline asset manager, Mitchnick reported. quotes him as saying.
According to cryptoasset tracking platform SosoValue, as of September 30, cumulative net inflows into IBIT totaled $21.5 billion and into ETHA totaled $1.15 billion over the same period.
However, Michnik argues that the Ethereum ETF has been relatively successful compared to traditional asset-based ETFs.
Very rarely does an ETF reach $1 billion in assets under management (AUM) in seven weeks like ETHA. In most cases, it takes several years for a new ETF to reach a billion.
The report quotes BlackRock's head of digital assets
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Snowden emphasized that Solana has technological advantages in terms of speed and efficiency, but at the cost of decentralization.

Solana put forth a good idea: What if we centralized everything? Faster, more efficient and cheaper. ....... No one uses it, except for memes and scammers, Snowden noted.
His criticism sparked a heated debate in the crypto community, emphasizing that the platform is focused on performance, not #decentralization , a fundamental principle of #blockchain . The Solan centralization debate is not new. Cryptocurrency advocates have long pointed out that the platform's governance structure is too centralized.
a short time ago, a prominent Cardano supporter presented evidence that over 73% of #Solana validators are KYC and AML compliant. These validators are subsidized by Solana's Stake-o-matic tool, which makes the network look like a traditional financial institution rather than a decentralized blockchain.
Despite these concerns, Solana's own token, #SOL , has seen significant growth: at the time of writing, its trading price has reached $145, up 10% over the past 30 days.
Snowden's criticism comes at a time when Solana is attracting attention for its low transaction costs and high processing speed, and industry analysts, including VanEck, predict that Solana's market value could rise sharply due to its high transaction efficiency, and SOL's price could rise to US$330. They forecast the SOL price to rise to US$ 330.
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