The Validator Marketplace proposal is now open for voting on Snapshot!
The Vision Council has requested a $CTSI holder temperature check on whether to add the Validator Marketplace, which connects applications, validators, and users through a CTSI-aligned incentive mechanism, to the Cartesi's Technical Evolution Plan.
🗳️ Cast your vote here: https://t.co/CWx6exkYVN
🗓️ Voting period: Nov 19-23, 2PM UTC
Not familiar with the proposal yet? Read it here:
Solana Gains as Tether Boosts Market Liquidity.
The cryptocurrency Solana (SOL) has captured significant attention recently, showcasing a substantial rise over the past few weeks. As it approaches a crucial resistance level, market enthusiasm remains high among traders. This upward trajectory is attributed to a surge in the USDT supply from Tether and growing interest in meme coins, signaling the potential for Solana to enter a notable expansion phase.
How Does Tether's USDT Supply Affect the Market?
Tether's recent move of issuing $2 billion in USDT within just 24 hours has had a positive impact on the cryptocurrency landscape. The influx of these stablecoins into exchanges enhances traders' purchasing power, a tactic Tether has previously utilized during bullish periods. This strategy aims to fulfill the needs of both retail and institutional participants, thereby bolstering market liquidity.
What Do Technical Analyses Suggest for Solana?
Technical assessments indicate that Solana's positive momentum is likely to continue. After a prolonged consolidation within the $145-240 range, the asset has successfully breached a significant resistance level, supported by high trading volumes. According to the Elliott Wave Theory, Solana is positioned in its third expansion wave, potentially driving prices up to $325, $650, and as high as $1946, suggesting an impressive 810% increase from current values.
• Tether's liquidity provision is enhancing trader confidence.
• Solana has surpassed Ethereum in DEX trading volumes.
• Possible price targets indicate substantial growth potential.
The combination of Tether's liquidity influx and Solana's favorable technical outlook presents a promising scenario for traders. Positioned among the top- performing cryptocurrencies, Solana is setting itself up for potential price increases. Market participants should remain vigilant, as the dynamic nature of cryptocurrency trading requires careful navigation of evolving conditions.
This Rare Pattern Could Propel BNB Price To $1,200 🚀🚀
$BNB 🧧🧧🧧
{spot}(BNBUSDT)
BNB price has formed an extremely rare pattern that could push its price to $1,200 in the coming months. Binance Coin was trading at $616 on Tuesday, November 19, up by 240% from the year-to-date low, bringing its market cap to over $88 billion.
The BNB price has more fundamentals that could help push its price higher in the long term. Like other coins, it will benefit from a friendly regulatory environment in the upcoming Donald Trump administration. Because of its size and liquidity, a potential BNB ETF cannot be ruled out as soon as in 2025.
Binance Coin’s MVRV indicator has jumped to 2.7, meaning that it has more room to run in the coming months.
The challenge for using the cup and handle pattern in trading is that it takes a long time to completely work out. In BNB’s case, the cup section took over three years to form, and the handle is in its eighth month.
BNB price has other positive technicals. It has constantly remained above the 59-week moving average and is sitting at the strong pivot release of the Murrey Math Lines tool. Using the MML, the next potential target will be the extreme overshoot level at $875.
BNB has also continued to burn tokens, making the remaining coins more valuable. The network implemented its 29th token burn earlier this month.
#BNBAnalysis
We’re excited to announce that Brazil’s central bank @BancoCentralBR is using Chainlink in its CBDC project, alongside @Microsoft (@msPartner), @interbr, & 7COMm.
CCIP enables cross-currency, cross-border, cross-chain transactions to be settled securely🧵
https://www.prnewswire.com/news-releases/chainlink-joins-banco-inter-microsoft-and-7comm-consortium-to-support-trade-finance-use-case-in-phase-2-of-drex-pilot-302309772.html
🚀 IOTA's price soared to $0.2153 as developers unveiled "Rebased," a major upgrade promising full decentralization, Ethereum Virtual Machine support, and 50,000 TPS! 🎉
- The upgrade aims to make IOTA more attractive to developers, introducing staking and enhanced programmability.
- Despite these improvements, IOTA faces stiff competition from Ethereum, Solana, and others.
- After a recent pullback to $0.1760, IOTA's path to $1 remains challenging, needing a 466% rise.
What do you think about IOTA's future? Share your thoughts in the comments!
🚀 Crypto Buzz: Bitcoin hits new highs, sparking a surge in meme coins like XRP and Shiba Inu! But watch out for XYZVerse, the first all-sport memecoin, capturing attention with its massive growth potential. 📈
- **XRP**: Surging to $1, a level not seen in years. Analysts are buzzing about its future trajectory.
- **XYZVerse**: Uniting sports fans and crypto enthusiasts, this memecoin is aiming for impressive gains.
- **Market Trends**: Renewed interest in digital assets is raising questions about the next wave of growth.
Join the conversation! What are your thoughts on these emerging trends? 💬
🚀 Meme Coins on the Rise! 🚀
Meme coins are making headlines as their market cap more than doubles in just 30 days, fueled by Donald Trump's election as U.S. President. Bitcoin hits a record $93,400, boosting meme coins like Dogecoin (DOGE), Bonk (BONK), and Pepe (PEPE).
- DOGE jumps 166% to $0.375
- BONK plans a 1 trillion token burn, driving its value
- Solana-based coins like PNUT and MOODENG see viral growth
What's next for meme coins? Will this momentum last? Share your thoughts in the comments! 📈💬
What to Expect Next in Bitcoin? Is There a Possibility of a Correction? Analysts Explained!
While Bitcoin is paving the way for $100,000 with the rally it has experienced in recent days, analysts generally predict that $100,000 will come soon.
However, not every analyst thinks the same and states that they are not optimistic about the Bitcoin price as there are still concerns about the short term.
At this point, analysts claimed that Bitcoin was in a high volatility phase and was facing a potential retest of the previous $69,000 peak.
Speaking to Coindesk, SOFA senior manager Augustine Fan said that Bitcoin's rally has entered a more volatile phase.
Noting that Bitcoin's growing dominance is similar to the mega-cap trend in the S&P 500, Fan stated that this situation in BTC could create challenges for the broader crypto market.
Fan also noted the risk of the exuberant market sentiment creating a potential top for Bitcoin and cryptocurrencies, saying that this pattern in the S&P 500 shows a rapid price increase followed by an equally rapid decline, and warned investors of a sharp and sudden decline.
Market analyst Omkar Godbole similarly warned investors about a possible sharp decline, arguing that the Bitcoin price could peak at current levels and a breakout could occur.
According to the analyst, if there is a breakout in price, Bitcoin could retest its old ATH around $69,000, with the downward wick potentially dropping to $60,000.
WeFi co-founder Maksym Sakharov also shared a similar view, saying, "The upward trend in Bitcoin has slowed down since it crossed $90,000. The fact that the US Federal Reserve is no longer in a hurry to cut interest rates has forced investors to reconsider their bets on Bitcoin. If the Fed continues to take a somewhat aggressive stance on interest rate cuts, Bitcoin's appeal may decrease, which will negatively affect the price."
🚨 $BONK /USDT RALLY ALERT: Momentum Building for a Breakout! 🚨
BONK is trading at 0.00005503, up by 7.94% in the last 5 minutes, showing a sharp upward move. After bouncing from a low of 0.00004530 earlier, it has surged toward its 24-hour high of 0.00005504. With increasing buying pressure and a volume surge, BONK is showing strong bullish momentum. If it sustains above 0.00005500, the next targets could be 0.00005750 and higher. However, a pullback to the 0.00005332 level could offer a safer entry. Watch closely—volatility is high, so trade with a tight stop-loss to capture profits! #BONK #CryptoAlert #TradingSignals
🌟 Mark your calendars, crypto enthusiasts! 🌟
The countdown has begun for an epic AMA (Ask Me Anything) session where no question is off-limits, and the answers might just blow your mind!
Whether you’re here for the deep dives into blockchain wizardry or just to toss a fun, out-of-the-box question way (yes, I see you meme-makers), this is your chance to join the conversation. 🚀💬