OPTIMISM

Grayscale's filing deadline expires on January 23, while the remaining four applicants expect a preliminary decision by January 25, which is 45 days after the November 2024 filing deadline. Despite high demand for the Solana ETF, no approvals have been received so far, meaning there will be no such product in 2024. Nate Geraci, president of

ETF Store, expressed #optimism about the timing. Many industry insiders believe that a possible change in the U. S. administration and SEC leadership could create a more favorable regulatory environment for #cryptocurrency ETFs.
Polymarkets suggested that there is a 77% chance that the #Solana #ETF will be approved in 2025, fueling crypto investors' optimism. Investor optimism is fueled by the fact that the Solana ETF will be approved in 2025. Many believe that the approval of Solana ETF could be an important price catalyst, with some arguing that this possibility has not yet been fully factored into current market prices.
Notably, the U. S. Securities and Exchange Commission (SEC) announced that Bitwise, Canary Capital, 21 shares, and other prominent companies have yet to announce a formal withdrawal of 19b-4 filings. Market participants are optimistic that the regulatory environment will become more favorable as the current SEC chairman's term comes to an end.
How far will SOL prices go in 2025?
Crypto analyst Henrik Seberg in his recent analysis of the fifth largest cryptocurrency by market capitalization, Solana (
Optimistic outlook for SOL According to Seberg, Solana is in a state of triage after reaching an all-time high last month. Such phases are normal for major market tops, when the asset is gearing up for the next upswing;
Seberg said that this consolidation is a healthy and necessary process for Solana. It will give the cryptocurrency the strength it needs for further growth. He believes that the timing of the consolidation is a harbinger that Solana will continue its upward trajectory.
According to Glassnode, Solana investors are showing strong conviction: the proportion of long-term holders investing in the network is growing.
#Solana Investors are standing firmly on their feet, expecting prices to rise.

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$OP

#OPUSDT | 4 HOUR TIMEFRAME UPDATE

One of the coins on my watchlist this week is #Optimism (OP). Here's the detailed analysis: 👇👇

✅ Long Entry Zone:

Look for confirmation to open a long position between $2.3585 and $2.2247.

🎯 Short-Term Targets:

$2.5260

$2.6300

$2.6900

$2.7757

🎯 Mid-Term Targets:

$2.8858

$3.1370

$3.4089

❌ Invalidation Level:

The setup becomes invalid if the price falls below $2.0250.

🚨🚨
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸

Binance Square Family...❤️‍🔥❤️‍🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!

Richard Byworth, managing partner of SyzCapital, has sparked rumors that bitcoin ETFs listed in Hong Kong will soon be available to mainland Chinese investors. Byworth's statements on X (formerly Twitter) indicate ongoing discussions about the possibility of integrating these ETFs into Stock Connect. Such integration could pave the way for large-scale inflows from mainland China into these digital asset funds.

Byworth argues that We are talking about the possibility of adding ETFs to the Stock Connect system. The implications of that are huge (meaning mainland funds will actually be able to buy them). " This statement followed a dialog started by Samson Mou, who commented on the remarkable early results of #bitcoin fund ChinaAMC, which raised $121 million on its first day of trading.
Will the Hong Kong bitcoin-ETF be open to mainland China?
Mou's statement that the Hong Kong bitcoin #ETF will be open to mainland China reflects his #optimism about the future of bitcoin ETFs in Hong Kong. Brian Hoon-Jong Paik, co-founder and COO of SmashFi, gave his opinion on the financial and socio-economic motivations that could spark mainland China's interest in the Hong Kong bitcoin ETF. He gave his opinion on the financial and socio-economic motivations behind mainland China's interest in the bitcoin ETF.
He highlighted that a huge portion of China's wealth is locked up in real estate, with about 100 million homes lying empty, indicating an urgent need for alternative investment opportunities to stabilize the socio-economic landscape. It is only a matter of time. The CCP needs alternative assets to mitigate social unrest," Baek said.
Paik also noted that there is a widespread misconception that mainland Chinese investors cannot currently invest in ETFs that can be purchased on the Hong Kong Stock Exchange. He explained that several existing financial vehicles already facilitate the active flow of mainland Chinese capital into the Hong Kong market.
Prominent examples are the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, which allow investors to trade stocks across the border, albeit with restrictions on daily trading quota.

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#TokenEconomy #BlockchainFuture

MVRV-Z compares the difference between the market and realized value of an asset and assesses overbought and oversold conditions; a high MVR-Z value indicates a possible market ceiling, while a low value indicates a possible low.

Apart from October 2023, the MVRV-Z for #Ethereum entered the green band twice - in December 2022 and in March 2020. In both cases, #ETH subsequently entered a bullish phase.
Furthermore, blockchain analysis shows that the cryptocurrency is gradually accumulating ETH in anticipation of significant growth. CryptoQuant data shows that ETH inflows to accumulation addresses are at their highest levels in recent years. The surge has exceeded the levels seen before the major bull phase.
High inflows to accumulation addresses indicate that institutional investors and large holders are expecting ETH prices to rise. This is consistent with a recent analysis predicting that ETH could appreciate significantly this year, with prices rising to $BTC additionally, ETH "whales" (wallet addresses holding between 1,000 and 10,000 ETH) have been active since July 2024 and accumulating funds. This coincides with the SEC's approval of the first ETH spot exchange-traded fund (ETF).
Can ETH surprise the market? In addition to the bullish MVRV-Z indicator and increased ETH inflows into accumulation addresses, several
After the recent market sell-off, ETH's weekly relative strength index (RSI) fell to a three-year low, fueling #optimism that a rally is imminent. Fueling optimism. However, rising ETH inventory on exchanges could be a problem for the upward momentum.
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#news #TrendingTopic

stark 空投后、今天，Optimism 宣布Optimism Drop #4，它将 10,343,757.81 OP 分发到 22,998 个唯一地址。此次空投是对艺术家、创作者和先驱者的“感谢”，他们在整个超级链和整个加密生态系统的文化创造中发挥了作用。这也是 Optimism 在超级链上的首次空投，庆祝选择共同建设的 OP 链网络不断发展。快照时间Jan 10, 2024。#optimism #内容挖矿 #热门话题 $ETH

#Optimism

Current Status
Optimism (OP) is trading at approximately $2.61, recovering from its recent cycle low of $1.07 and currently about 46% below its all-time high (ATH) of $4.85, recorded in March 2024. It has shown strong momentum in the past month, with gains exceeding 50% driven by increased adoption and market activity【23】【24】【25】.
Key Technical Insights
Price Trends:The current price momentum is bullish, with OP breaking out of its downtrend and showing sustained upward movement.Resistance levels are identified at $3.00 and $4.00, with the ATH of $4.85 as the next major psychological and technical hurdle.Support and Resistance Levels:Short-term support is around $2.30, where the token consolidated before its recent rally.A major support level is at $1.90, reflecting previous buying zones during price corrections【23】【24】.Market Sentiment:OP has experienced a 14.4% gain over the past week, outperforming broader crypto market averages, supported by a trading volume exceeding $580 million over 24 hours【24】【25】.Positive sentiment is tied to its role as a leading Ethereum Layer-2 scaling solution, which enhances its adoption and value.Ecosystem Growth:OP powers governance for the Optimism Collective, which oversees ecosystem incentives, including grants and protocol upgrades.Continued integration with Ethereum decentralized applications (DApps) and further adoption of Layer-2 solutions could significantly boost demand for OP【23】【25】.
Path to ATH and Beyond
For OP to reclaim its ATH of $4.85 and potentially reach new highs, the following factors are critical:
Adoption Growth: Expansion of Layer-2 solutions and Optimism’s active governance and development incentives are key drivers.Market-Wide Trends: A broader crypto bull market driven by factors like Ethereum scaling or macroeconomic optimism could propel OP’s price.Overcoming Resistance: A confirmed breakout above $3.00 would establish the next target range of $4.00-$4.85, with sustained buying momentum pushing the token beyond its ATH.
Challenges
Circulating Supply: A circulating supply of over 1.3 billion tokens (and a total supply of 4.3 billion) means that price appreciation requires consistent demand growth【23】【25】.Volatility: Market corrections or shifts in sentiment around Layer-2 projects could affect short-term performance.
Conclusion
Optimism (OP) shows strong potential for growth, supported by its leading position in the Ethereum Layer-2 ecosystem and robust governance mechanisms. A rally to its ATH and beyond is plausible if the token maintains current momentum and sees increased adoption. However, market conditions and ecosystem development remain pivotal to achieving this goal【23】【24】【25】.

A high-ranking cryptocurrency strategist believes bitcoin (BTC) is poised to witness a third parabolic jump in this cycle.

In a new video, analyst Kevin Swenson told 78,700 YouTube subscribers that #bitcoin appears to be repeating the price movements of 2017, when #BTC experienced three parabolic markets before the bull market ended.
There were several phases of parabolic trending in 2017: short-term parabolic trends transitioned into larger trends, and then back into larger trends. Finally, there was a major vertical breakout.
Now, in 2024, we are in the same position. There's no reason why we shouldn't be in that position. We just need to regain a sense of #optimism and build momentum.
Swenson says technical indicators suggest that BTC's momentum is starting to shift to the bulls. Looking at the Bitcoin Relative Strength Index (RSI), an indicator of momentum, Swenson says the indicator has found support at the level where BTC began its second parabolic phase of this cycle.
In other words, this could be a continuation of the trend. Swenson also says that the divergence in bitcoin's trend indicator, the moving average convergence (MACD), suggests that the BTC bulls are regaining control of the market. If this is true, then when the weekly MACD histogram reverses, prices usually rise at a phenomenal rate.
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#DigitalCurrency #BlockchainFuture