🔮🚀 Solana crushes Ethereum in DEX for three consecutive months!
📅 In December, Solana continued to outperform Ethereum in the decentralized exchange (DEX) industry for the third consecutive month.
Thanks to the growing popularity of memecoins, Solana recorded record transaction volumes, thereby consolidating its position against crypto giants like Ethereum.
In December 2024, Solana's transaction volume reached over 97 billion dollars, far above the 22.6 billion dollars registered in the same period of the previous year.
☝️ Notably, it was the third consecutive month that Solana surpassed Ethereum, which had dominated the crypto industry for years. Ethereum protocols recorded a volume of over 74 billion dollars, while Base and Arbitrum processed 42 billion and 37 billion dollars, respectively.
In November, Solana also performed well, with a volume of 129 billion dollars in its DEX networks, higher than Ethereum's 70.6 billion dollars. A month earlier, Solana processed a volume of 52 billion dollars, compared to 41 billion dollars for Ethereum.
The increase in Solana's DEX volume is due to the memecoin industry, which has continued to thrive this year. Solana has attracted thousands of memecoins this year, aided by the creation of Pump.fun, the largest token generator.
All Solana crypto memes have a market capitalization of over 14.1 billion dollars, led by Bonk, Dogwifhat, Popcat, and Peanut the Squirrel.
Phala Network addresses the issue of trust in the computing cloud.
It is a computing platform that enables massive cloud processing without sacrificing data confidentiality.
Built around TEE-based privacy technology already integrated into modern processors, Phala Network’s distributed computing cloud is versatile and confidential.
By separating the consensus mechanism from the computation, Phala ensures that processing power is highly scalable. Together, this creates the infrastructure for a robust, secure, scalable, and reliable computing cloud.
As a parachain member of the Polkadot multi-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling capabilities such as privacy-protected DeFi exchanges and transaction records, computing participation for confidential DID data, and the development of bridges across light chains. $PHA
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🚨🐋 BTC price at risk of a drop to $20,000: 5 things you need to know about Bitcoin this week🔮
Bitcoin traders are quickly adjusting their short-term outlook on the BTC price as support fails and the BTC/USD price heads even lower than $100,000.
Bitcoin starts the Christmas week on a bearish crossover, as BTC price support weakens and forecasters see the possibility of a significant drop.
A "bearish engulfing" on weekly time frames has traders nervous about the short-term outlook for BTC/USD.
Targets for a possible deeper correction include a return to former all-time highs of around $74,000.
U.S. labor data leads a quiet macro week, but markets are still reeling from last week's aggressive Fed meeting.
Those looking for long-term exposure in BTC have their first buying opportunity in two months, according to data from a dedicated indicator.
🚨$80,000 appears as a short-term target for the BTC price🚨
The holiday periods bring new challenges for cryptocurrency market participants due to extended "off-hours" trading periods.
The absence of the liquidity profile typically available on weekdays can exacerbate upward or downward movements.
Taking a broad view of the liquidity landscape on exchanges, trader and commentator Mark Cullen is now observing two key levels to watch in 2025. One will be painful for the bulls.
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!
Wishing you a Merry Christmas! May all your wishes come true!
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Merry Christmas! Sending red envelopes everywhere 🧧 to celebrate! Wishing you a Merry Christmas and may all your wishes come true! #圣诞行情分析 #bnb一輩子 $BNB
Merry Christmas! Sending red envelopes everywhere 🧧 to celebrate! Wishing you a Merry Christmas and may all your wishes come true! #圣诞行情分析 #bnb一輩子 $BNB
#btc Brother Lie reminded me in time. After I sent the following article, the big cake pulled up a big positive line. This is the magic of the five-wave analysis method! The four-wave consolidation of this big cake at the 30-minute level is indeed a bit too slow, but the fifth wave of rise (main rising wave) is still as expected! Okay, let's go back to the market. At present, the 30-minute level has hit 5️⃣ positive lines in a row! The bulls are strong. Next, pay attention to the purple high-pressure area, and there is a key pressure level 1️⃣98454 above. Of course, if it breaks through and stands on 98454, you can pay attention to the 100380 pressure level! Overall, although the large-scale bearish trend has not changed, it would be a pity to miss the main rising wave rebound at the minute level, including the cottage market. Brother Lie has also reminded the brothers that the wind is rising!
#btc Brother Lie reminded me in time. After I sent the following article, the big cake pulled up a big positive line. This is the magic of the five-wave analysis method! The four-wave consolidation of this big cake at the 30-minute level is indeed a bit too slow, but the fifth wave of rise (main rising wave) is still as expected! Okay, let's go back to the market. At present, the 30-minute level has hit 5️⃣ positive lines in a row! The bulls are strong. Next, pay attention to the purple high-pressure area, and there is a key pressure level 1️⃣98454 above. Of course, if it breaks through and stands on 98454, you can pay attention to the 100380 pressure level! Overall, although the large-scale bearish trend has not changed, it would be a pity to miss the main rising wave rebound at the minute level, including the cottage market. Brother Lie has also reminded the brothers that the wind is rising!
Family, only Da Bing has no funds flowing in, and since the high point of 108,000, funds have been flowing out. Now the opportunities are waiting for a time correction, and counterfeit funds are already starting to change hands. Funds are slowly beginning to accumulate. At this time, we must also seize the opportunity. If it dares to drop, we should gradually invest our funds.
Join the Sogger Binance chat room to predict BNB price and gain rewards
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Binance's exquisite merchandise ✖️3 is here, hurry up to participate! 🧧 Friends, come quickly to the Binance KOL exclusive chat room of Saoge to predict the BNB spot closing price on December 25, 2024, at 8:00 AM! The three closest friends will each receive a piece of Binance's exquisite merchandise! 骚哥币安专属聊天室点此直接进 Just make a prediction 🤌 and you will have a chance to win a piece of Binance's exquisite merchandise!
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Binance's exquisite merchandise ✖️3 is here, hurry up to participate! 🧧 Friends, come quickly to the Binance KOL exclusive chat room of Saoge to predict the BNB spot closing price on December 25, 2024, at 8:00 AM! The three closest friends will each receive a piece of Binance's exquisite merchandise! 骚哥币安专属聊天室点此直接进 Just make a prediction 🤌 and you will have a chance to win a piece of Binance's exquisite merchandise!
Hundreds of friends have already made predictions, and you're the only one left! The prediction king of Saoge's KOL exclusive group might be you! #比特币市场波动观察
Binance's exquisite merchandise ✖️3 is here, hurry up to participate! 🧧 Friends, come quickly to the Binance KOL exclusive chat room of Saoge to predict the BNB spot closing price on December 25, 2024, at 8:00 AM! The three closest friends will each receive a piece of Binance's exquisite merchandise! 骚哥币安专属聊天室点此直接进 Just make a prediction 🤌 and you will have a chance to win a piece of Binance's exquisite merchandise!
Hundreds of friends have already made predictions, and you're the only one left! The prediction king of Saoge's KOL exclusive group might be you! #比特币市场波动观察
Binance's exquisite merchandise ✖️3 is here, hurry up to participate! 🧧 Friends, come quickly to the Binance KOL exclusive chat room of Saoge to predict the BNB spot closing price on December 25, 2024, at 8:00 AM! The three closest friends will each receive a piece of Binance's exquisite merchandise! 骚哥币安专属聊天室点此直接进 Just make a prediction 🤌 and you will have a chance to win a piece of Binance's exquisite merchandise!
Hundreds of friends have already made predictions, and you're the only one left! The prediction king of Saoge's KOL exclusive group might be you! #比特币市场波动观察