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Solana (SOL) Impressive Growth and Adoption The weekly price of Solana (SOL) has surged, ranging between $132 and $185, marking a notable increase of 14.02%. Presently, Solana is experiencing significant traction, with almost $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion. The introduction of Bilshare (BILS), an Israeli Shekel-backed stablecoin, on the Solana blockchain has garnered investor interest. Despite the optimism surrounding Solana’s bullish uptrend, caution is advised as the Relative Strength Index (RSI) stands at 80.50, indicating that Solana (SOL) may be overbought and vulnerable to a potential reversal. Traders are encouraged to exercise prudence and implement tight stop-loss orders to protect profits amidst market volatility. #HotTrends #BTC #Sol

Solana (SOL) Impressive Growth and Adoption

The weekly price of Solana (SOL) has surged, ranging between $132 and $185, marking a notable increase of 14.02%. Presently, Solana is experiencing significant traction, with almost $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion.

The introduction of Bilshare (BILS), an Israeli Shekel-backed stablecoin, on the Solana blockchain has garnered investor interest.

Despite the optimism surrounding Solana’s bullish uptrend, caution is advised as the Relative Strength Index (RSI) stands at 80.50, indicating that Solana (SOL) may be overbought and vulnerable to a potential reversal.

Traders are encouraged to exercise prudence and implement tight stop-loss orders to protect profits amidst market volatility.

#HotTrends #BTC #Sol

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Polygon (MATIC) Retests the Range ..Price prediction for MATIC Over the past 24 hours, MATIC has tanked about 12.5% from highs of around $1.04 to lows of around $0.91, trading below the keenly watched $1 price point for the first time since March 5. At the time of writing, the asset remains below the $1 price point but has rebounded from the lows to trade around $0.95. How far this momentum can go remains to be seen. Still, the price action follows a TD sequential buy signal highlighted by prominent crypto analyst Ali Martinez on the asset’s 4-hour candle chart. Zooming out to focus on MATIC’s weekly candle chart shows that the asset is retesting the multi-month range between $0.75 and $1, which it broke out from at the end of February 2024.  How the current weekly candle closes will likely confirm whether the recent price drop is a healthy bull market correction or the beginning of a prolonged market downturn. A close of the candle above the range, signaling a rejection, could foreshadow a move to fresh highs after a clear retest. However, a close of the candle below the former range high could see MATIC’s price chart a path to lows to around $0.75. The fierce battle between bulls and bears could see MATIC’s price tightly range over the next few days as the market participants struggle for dominance.  #HotTrends
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Polygon (MATIC) Back Below $1, Just a Healthy Correction? Polygon’s MATIC is back below the $1 price level. The asset appears to be retesting a multi-month range. MATIC’s recent price drop follows a market-wide correction. After a whirlwind run in recent weeks primarily led by excitement around inflows to spot Bitcoin ETFs and, most recently, the Ethereum Dencun upgrade, Polygon’s native token MATIC, like the rest of the crypto market, appears to be slowing its roll.  After running to yearly highs at $1.29 moments after the Dencun upgrade, the price of MATIC has tanked sharply and is trading below the $1 price point for the first time in two weeks. Could this be the beginning of a prolonged downturn, or is it just a healthy correction #HotTrends #MATIC
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How Much Has the Ethereum Dencun Upgrade Cut Layer-2 Gas Fees? The Dencun upgrade has made gas fees on many Ethereum layer-2 networks near-zero. But it has yet to peel users away from the costly mainnet. Heralded by Ethereum developers as the technical milestone they’d been “dreaming of,” last week’s Dencun upgrade was supposed to forever alter the Ethereum ecosystem—by making transactions on its layer-2 networks exponentially cheaper and thus more accessible. One week later, how do things stand? On the whole, Dencun has delivered exactly as promised. Across layer-2 networks that have already integrated the software update, gas fees have plummeted to unprecedented lows, in most cases by over 90%. At writing, median transaction fees on layer-2 networks Arbitrum, Starknet, Optimism, and Optimism-based chains Base and Zora have all fallen to one cent or below, according to data from Dune and Ethereum analytics platform Grow The Pie. That’s a 91% to 95% drop in cost for each of those networks. #HotTrends #Arb #Eth #STRK
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BlackRock Launches Its First Tokenized Asset Fund on Ethereum BlackRock has announced its first tokenized asset fund called 'BUIDL,' which will be built on the Ethereum network. The fund aims to provide investors with benefits such as on-chain offerings, transparent settlement, and transfers across platforms. Bank of New York Mellon will serve as the custodian of the fund's assets, while Securitize Markets will act as the transfer agent. #HotTrends #ETH
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