Solana
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$SOL BOUNCING HARD !
#SolanaUSTD is bouncing from the critical daily support
I've been buying at these lows like I warned you about and we already saw bounce of 30% 📈
Did you buy the #Solana dip just like me?
#SolanaUSTD is bouncing from the critical daily support
I've been buying at these lows like I warned you about and we already saw bounce of 30% 📈
Did you buy the #Solana dip just like me?
🚨 #SOL is on Fire 🚨
🔥🔥🔥🔥🔥🔥🔥🔥
🌟🌟🌟Technical Analysis: $SOL /USDT is currently trading at $156.05, showing a 0.63% increase from the previous day. The BOLL indicator suggests a potential uptrend with the upper band at $164.31 and the lower band at $139.50.
📶🚨Trading Signal: Based on the technical analysis, there is a bullish trend forming for $SOL /USDT. Traders may consider buying at the current price level with a target price of $164.31 and a stop-loss at $139.50.
#Solana #Crypto #TechnicalAnalysis #Blockchain
🔥🔥🔥🔥🔥🔥🔥🔥
🌟🌟🌟Technical Analysis: $SOL /USDT is currently trading at $156.05, showing a 0.63% increase from the previous day. The BOLL indicator suggests a potential uptrend with the upper band at $164.31 and the lower band at $139.50.
📶🚨Trading Signal: Based on the technical analysis, there is a bullish trend forming for $SOL /USDT. Traders may consider buying at the current price level with a target price of $164.31 and a stop-loss at $139.50.
#Solana #Crypto #TechnicalAnalysis #Blockchain
$SOL #Solana Technical Analysis & Trading Signal🔥🔥🔥🚀🚀🚀
🚨Read Carefully to know about Target Price💰💰💰
👍Technical Analysis:
- The Bollinger Bands (20,2) are currently indicating an upward trend for SOL/USDT, with the upper band at 200.24 and lower band at 131.22.
- The 24h high for $SOL /USDT is at 163.70 and the 24h low is at 151.44.
- The current price of SOL/USDT on Binance is 159.85, with a 4h trading volume of 6.51M SOL and 1.03B USDT.
👍👍Trading Signal:🚀🚀
Based on the technical analysis, it seems that $SOL /USDT is currently in an upward trend. Traders could consider entering a long position with a target price of around 169.44 and a stop-loss at 155.00.
#CryptoTrading #CryptoMarket #CryptoNews #MarketUpdate
🚨Read Carefully to know about Target Price💰💰💰
👍Technical Analysis:
- The Bollinger Bands (20,2) are currently indicating an upward trend for SOL/USDT, with the upper band at 200.24 and lower band at 131.22.
- The 24h high for $SOL /USDT is at 163.70 and the 24h low is at 151.44.
- The current price of SOL/USDT on Binance is 159.85, with a 4h trading volume of 6.51M SOL and 1.03B USDT.
👍👍Trading Signal:🚀🚀
Based on the technical analysis, it seems that $SOL /USDT is currently in an upward trend. Traders could consider entering a long position with a target price of around 169.44 and a stop-loss at 155.00.
#CryptoTrading #CryptoMarket #CryptoNews #MarketUpdate
Ripple announces start of testing for new stablecoin RLUSD on XRP Ledger and Ethereum network.
VanEck exec says #Solana ETFs in US inevitable after Brazilian approval
$XRP
VanEck exec says #Solana ETFs in US inevitable after Brazilian approval
$XRP
“Bitcoin bulls will intensify in the coming months”
With the leading cryptocurrency Bitcoin (BTC) rising above $60,000 again, bulls have become more eager. Crypto analysts have given signals that a new bullish cycle has begun.
BTC has achieved one of the biggest single-day percentage gains in recent months. BTC has gained over 5 percent in the last 24 hours.
With the rise in BTC, approximately $100 million worth of bearish transactions in futures were liquidated. This liquidation was the fourth biggest blow to short (bearish) traders in BTC this year.
Transform Ventures founder Michael Terpin stated that the groundwork for a bull run has been formed with the recent rise.
Transform Ventures founder Michael Terpin discussed the agenda in an email he sent to CoinDesk. Terpin commented on the Bitcoin rise in terms of markets.
“Since the Bank of Japan has indicated that it will not raise interest rates any further and Jump Trading has no coins to sell like it did in Germany a few weeks ago, I do not think the price will fall much below $50,000 (barring a sharp drop), perhaps never again,” Terpin said.
The crypto expert attributed the gains to positive market sentiment and the expectation of a BTC rally. Crypto investors have long been expecting a halving and ETF-driven rally.
Terpin suggested that the crypto bull will continue with solid gains in October and November, during which time the traditional four-year bull cycle line will be realized.
Referring to the US presidential election, Terpin said, “If Donald Trump wins, the influx of new buyers could push the BTC price above $100,000.”
The rise in #BTC has boosted the largest cryptocurrencies by market cap. #Ether (ETH) and #TONCOİN (TON) are up 10 percent. #Solana (SOL) and #Cardano (ADA) are up 5%. XRP, on the other hand, has made an impressive rise since winning the case.
With the leading cryptocurrency Bitcoin (BTC) rising above $60,000 again, bulls have become more eager. Crypto analysts have given signals that a new bullish cycle has begun.
BTC has achieved one of the biggest single-day percentage gains in recent months. BTC has gained over 5 percent in the last 24 hours.
With the rise in BTC, approximately $100 million worth of bearish transactions in futures were liquidated. This liquidation was the fourth biggest blow to short (bearish) traders in BTC this year.
Transform Ventures founder Michael Terpin stated that the groundwork for a bull run has been formed with the recent rise.
Transform Ventures founder Michael Terpin discussed the agenda in an email he sent to CoinDesk. Terpin commented on the Bitcoin rise in terms of markets.
“Since the Bank of Japan has indicated that it will not raise interest rates any further and Jump Trading has no coins to sell like it did in Germany a few weeks ago, I do not think the price will fall much below $50,000 (barring a sharp drop), perhaps never again,” Terpin said.
The crypto expert attributed the gains to positive market sentiment and the expectation of a BTC rally. Crypto investors have long been expecting a halving and ETF-driven rally.
Terpin suggested that the crypto bull will continue with solid gains in October and November, during which time the traditional four-year bull cycle line will be realized.
Referring to the US presidential election, Terpin said, “If Donald Trump wins, the influx of new buyers could push the BTC price above $100,000.”
The rise in #BTC has boosted the largest cryptocurrencies by market cap. #Ether (ETH) and #TONCOİN (TON) are up 10 percent. #Solana (SOL) and #Cardano (ADA) are up 5%. XRP, on the other hand, has made an impressive rise since winning the case.
XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric
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The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has finally made significant progress in court, and the case may be nearing its end, with a surge for XRP.
As expected, this development revitalized interest in XRP, Ripple’s native cryptocurrency, which in turn led to a noticeable surge in XRP’s activity across the crypto industry.
On-chain data reveals a surge in the number of transactions and trading volumes for XRP on major cryptocurrency exchanges. One of the most noteworthy instances of this trend can be seen on the South Korean exchange, Upbit, where XRP trading volume has surged dramatically.
#Cradano #ADA #Solana #Ripple $ADA $XRP
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The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has finally made significant progress in court, and the case may be nearing its end, with a surge for XRP.
As expected, this development revitalized interest in XRP, Ripple’s native cryptocurrency, which in turn led to a noticeable surge in XRP’s activity across the crypto industry.
On-chain data reveals a surge in the number of transactions and trading volumes for XRP on major cryptocurrency exchanges. One of the most noteworthy instances of this trend can be seen on the South Korean exchange, Upbit, where XRP trading volume has surged dramatically.
#Cradano #ADA #Solana #Ripple $ADA $XRP
Solana stablecoin update 🚀
Solana stablecoin supply has increased 156% YOY and is currently sitting at a total of $3.75B in the ecosystem.
This happened due to the increase of DeFi projects such as Sanctum, Jito, Kamino, Ondo, and Ethena in the Solana ecosystem.
The question is can it goes to $4 Billion?
#Solana #stablecoin #Solupdate
$SOL $JTO
Solana stablecoin supply has increased 156% YOY and is currently sitting at a total of $3.75B in the ecosystem.
This happened due to the increase of DeFi projects such as Sanctum, Jito, Kamino, Ondo, and Ethena in the Solana ecosystem.
The question is can it goes to $4 Billion?
#Solana #stablecoin #Solupdate
$SOL $JTO
$SOL Technical Analysis and Future Expectations ⚠️
Who want to know about my expectations please read this post ⬇️
Based on the current trading data, the price of $SOL /USDT is $159.11 with a 24-hour high of $160.42 and a low of $141.40. The trading volume for SOL is 7.26M and for USDT is 1.10B.
The Bollinger Bands (20, 2) indicate that the upper band is at 183.81, the lower band is at 117.65, and the middle band is at 150.73. This suggests that SOL is currently trading above the middle band and may be in an uptrend.
The depth chart shows that there is strong support at 174.88 and resistance at 193.98, with the current price at 159.11 on the Binance exchange.
⚠️Future Expectations ⚠️🚀
Based on this data, the future price expectation of SOL coin may continue to trend upwards, potentially reaching levels above the current price. However, it's important to consider market volatility and external factors that may impact the price of SOL in the future.
#marketupward #TONonBinance #SOL #Solana #XRPVictory
Who want to know about my expectations please read this post ⬇️
Based on the current trading data, the price of $SOL /USDT is $159.11 with a 24-hour high of $160.42 and a low of $141.40. The trading volume for SOL is 7.26M and for USDT is 1.10B.
The Bollinger Bands (20, 2) indicate that the upper band is at 183.81, the lower band is at 117.65, and the middle band is at 150.73. This suggests that SOL is currently trading above the middle band and may be in an uptrend.
The depth chart shows that there is strong support at 174.88 and resistance at 193.98, with the current price at 159.11 on the Binance exchange.
⚠️Future Expectations ⚠️🚀
Based on this data, the future price expectation of SOL coin may continue to trend upwards, potentially reaching levels above the current price. However, it's important to consider market volatility and external factors that may impact the price of SOL in the future.
#marketupward #TONonBinance #SOL #Solana #XRPVictory
🚀 $SOL Idea (1-Hour Chart) 🚀
▶️ Entry Zone: 161.48 (Current price)
🛑 Stop Loss: 152.42 (200 EMA)
🎯 Take Profit 1: 163.70 (24h High)
🎯 Take Profit 2: 172.35 (Resistance level)
📊 Analysis:
* Strong Upward Momentum: Price is currently above both the 50 EMA (152.80) and 200 EMA (152.42), indicating a bullish trend. The recent price action shows a significant upward move, with an 11.71% gain in 24 hours.
* Bullish Momentum: The RSI(7) at 64.18 and RSI(14) at 63.26 indicate strong bullish momentum. While approaching overbought territory, the readings are not extremely high, suggesting there might be room for further upside.
* Conflicting Signals: The MACD (0.26) is positive and above the signal line, indicating bullish momentum. However, the DIF and DEA lines are converging, which could signal a potential slowdown in momentum.
* High Trading Volume: The 24h volume of 7.30M SOL suggests strong interest in the asset.
The current setup leans bullish, with the potential for further upside. The price is above key moving averages and showing strong momentum. However, the MACD signals a potential slowdown in the bullish trend. Traders should monitor price action closely and consider taking profits near the resistance levels.
Additional Considerations:
* Support Levels: The 50 EMA and 200 EMA can be considered as potential support levels.
* Resistance Levels: The 24h high of 163.70 and the next resistance level at 172.35 are key levels to watch.
* Volume: Continued high trading volume would support the bullish outlook.
Remember, technical analysis is just one tool and should be used in conjunction with other factors before making trading decisions.
#SOL #Solana #TradingStrategy #TechnicalAnalysis #BuyOrder
▶️ Entry Zone: 161.48 (Current price)
🛑 Stop Loss: 152.42 (200 EMA)
🎯 Take Profit 1: 163.70 (24h High)
🎯 Take Profit 2: 172.35 (Resistance level)
📊 Analysis:
* Strong Upward Momentum: Price is currently above both the 50 EMA (152.80) and 200 EMA (152.42), indicating a bullish trend. The recent price action shows a significant upward move, with an 11.71% gain in 24 hours.
* Bullish Momentum: The RSI(7) at 64.18 and RSI(14) at 63.26 indicate strong bullish momentum. While approaching overbought territory, the readings are not extremely high, suggesting there might be room for further upside.
* Conflicting Signals: The MACD (0.26) is positive and above the signal line, indicating bullish momentum. However, the DIF and DEA lines are converging, which could signal a potential slowdown in momentum.
* High Trading Volume: The 24h volume of 7.30M SOL suggests strong interest in the asset.
The current setup leans bullish, with the potential for further upside. The price is above key moving averages and showing strong momentum. However, the MACD signals a potential slowdown in the bullish trend. Traders should monitor price action closely and consider taking profits near the resistance levels.
Additional Considerations:
* Support Levels: The 50 EMA and 200 EMA can be considered as potential support levels.
* Resistance Levels: The 24h high of 163.70 and the next resistance level at 172.35 are key levels to watch.
* Volume: Continued high trading volume would support the bullish outlook.
Remember, technical analysis is just one tool and should be used in conjunction with other factors before making trading decisions.
#SOL #Solana #TradingStrategy #TechnicalAnalysis #BuyOrder
Ripple XRP Lawsuit: Lawyer Predicts SEC Appeal In Case Judgement, Here’s Why
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Pro-XRP lawyer predicts US SEC will appeal the Ripple XRP lawsuit judgment and a potential cross-appeal from Ripple, potentially sparking another legal battle.
Highlights
SEC likely to appeal Ripple XRP lawsuit judgment, says pro-XRP lawyer MetaLawMan.
An appeal may focus on disgorgement and secondary market transactions, impacting the SEC's enforcement strategy.
Ripple may launch a cross-appeal, challenging the court's decision on institutional sales and ODL transactions.
The Ripple XRP lawsuit saga has taken the crypto market by storm, with the latest ruling from Judge Analisa Torres igniting further debate.
#XRP #Ripple #SEC #CryptoForHarris #Solana $BTC $SOL $XRP
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Pro-XRP lawyer predicts US SEC will appeal the Ripple XRP lawsuit judgment and a potential cross-appeal from Ripple, potentially sparking another legal battle.
Highlights
SEC likely to appeal Ripple XRP lawsuit judgment, says pro-XRP lawyer MetaLawMan.
An appeal may focus on disgorgement and secondary market transactions, impacting the SEC's enforcement strategy.
Ripple may launch a cross-appeal, challenging the court's decision on institutional sales and ODL transactions.
The Ripple XRP lawsuit saga has taken the crypto market by storm, with the latest ruling from Judge Analisa Torres igniting further debate.
#XRP #Ripple #SEC #CryptoForHarris #Solana $BTC $SOL $XRP
Solana has quickly risen to prominence, setting new standards in the blockchain industry with its lightning-fast transactions and incredibly low fees. This high-performance blockchain is designed for scalability, making it a perfect foundation for decentralized applications (dApps) and DeFi projects.$SOL
What makes Solana stand out? Its unique Proof of History (PoH) mechanism ensures unparalleled speed and security, processing thousands of transactions per second.
Whether you're a developer or an investor, Solana offers a robust ecosystem that's continuously growing and evolving.
As the Solana network expands, its potential to revolutionize the crypto landscape becomes even clearer. Keep an eye on Solana as it paves the way for a more scalable and accessible decentralized future.
#Solana #DeFi #Binance #CryptoTrading #Innovation
What makes Solana stand out? Its unique Proof of History (PoH) mechanism ensures unparalleled speed and security, processing thousands of transactions per second.
Whether you're a developer or an investor, Solana offers a robust ecosystem that's continuously growing and evolving.
As the Solana network expands, its potential to revolutionize the crypto landscape becomes even clearer. Keep an eye on Solana as it paves the way for a more scalable and accessible decentralized future.
#Solana #DeFi #Binance #CryptoTrading #Innovation
Ripple’s Settlement May Lead to XRP ETF Launch
A recent court ruling has paved the way for a potential spot XRP ETF. The decision clarified that XRP sales to everyday investors are now legal, boosting market optimism. Expert Doctor Profit predicts that XRP’s price could rise to $16-$20 if an ETF is approved.
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Ripple was fined $125 million and must follow new rules, but XRP was confirmed not to be a security, which could lead to an ETF approval and good news for investors.
Ripple’s Legal Fine and Future Prospects for XRP
Renowned analyst points out that Ripple’s recent legal fine stemmed from XRP sales to institutional investors, which were found to violate securities laws. Fortunately, the court ruled that XRP sales to regular investors did not breach any regulations, bringing relief to the XRP community.
With the legal issues concerning XRP’s retail sales now resolved, there is growing excitement about new financial opportunities in cryptocurrency. The analyst is optimistic that XRP could soon be included in Exchange-Traded Fund (ETF) applications. Such inclusion could open new investment avenues and significantly enhance XRP’s visibility and presence in the financial sector.
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Doctor Profit Predicts XRP ETF Approval and Market Growth
Popular crypto trader Doctor Profit suggests that Ripple and the SEC might be working on an XRP ETF, with Bitcoin and Ethereum expected to be approved first. With the lawsuit resolved, large investors who were previously hesitant can now invest in XRP confidently. This clarity is anticipated to positively influence XRP’s market, showing strong growth potential.
XRP missed out on the 2021 bull run due to legal challenges, but with these issues behind it, the market is poised for growth. Doctor Profit predicts that XRP could reach between $16 and $20 within a year. In a more conservative scenario, the price might fall between $4 and $7.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#XRP #XrpETF #Ripple #CryptoForHarris #Solana $XRP $BTC $SOL
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Ripple was fined $125 million and must follow new rules, but XRP was confirmed not to be a security, which could lead to an ETF approval and good news for investors.
Ripple’s Legal Fine and Future Prospects for XRP
Renowned analyst points out that Ripple’s recent legal fine stemmed from XRP sales to institutional investors, which were found to violate securities laws. Fortunately, the court ruled that XRP sales to regular investors did not breach any regulations, bringing relief to the XRP community.
With the legal issues concerning XRP’s retail sales now resolved, there is growing excitement about new financial opportunities in cryptocurrency. The analyst is optimistic that XRP could soon be included in Exchange-Traded Fund (ETF) applications. Such inclusion could open new investment avenues and significantly enhance XRP’s visibility and presence in the financial sector.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Doctor Profit Predicts XRP ETF Approval and Market Growth
Popular crypto trader Doctor Profit suggests that Ripple and the SEC might be working on an XRP ETF, with Bitcoin and Ethereum expected to be approved first. With the lawsuit resolved, large investors who were previously hesitant can now invest in XRP confidently. This clarity is anticipated to positively influence XRP’s market, showing strong growth potential.
XRP missed out on the 2021 bull run due to legal challenges, but with these issues behind it, the market is poised for growth. Doctor Profit predicts that XRP could reach between $16 and $20 within a year. In a more conservative scenario, the price might fall between $4 and $7.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#XRP #XrpETF #Ripple #CryptoForHarris #Solana $XRP $BTC $SOL
SOL and XRP Make Big Gains: Crypto Market Sees Improvement
Brazil’s Securities and Exchange Commission has approved a spot Solana ETF, leading to a 20% surge in SOL’s price shortly after the news. This approval comes right after the final court judgment in the SEC vs Ripple case.
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Solana has made a new achievement by getting ETF approval in Brazil. The Brazilian Securities and Exchange Commission (CVM) approved the ETF application from investment firm QR, which will be managed by Vortx. This means a spot Solana ETF is now officially set to launch.
Solana’s Market Surge Following Brazil’s ETF Approval
The approval of a Solana ETF in Brazil had a noticeable impact on SOL’s recent performance. The cryptocurrency surged by 10.72% early on Thursday, continuing its recovery from the recent market crash.
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The approval led to a significant increase in Solana’s market capitalization. During Thursday’s Asian trading session, SOL’s market cap rose from $66.24 billion at the start to $72.82 billion at its peak. Although the market cap slightly retraced towards the end of the session, it resumed its upward trend with the European market opening. At the time of writing, Solana’s market cap was $71.79 billion, according to CoinmarketCap.
Brazil’s SOL ETF Approval and Ripple Court Ruling Impact
Analysts believe Brazil’s approval of the Solana ETF could influence the U.S. Securities and Exchange Commission (SEC) to consider similar products. However, it is doubtful that the Biden administration will approve such ETFs in the near future, despite recent filings for spot Solana ETFs by asset managers VanEck and 21Shares.
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The timing of Brazil’s ETF approval also coincides with a major development in the crypto industry: the final court ruling in the SEC vs. Ripple case. Judge Analisa Torres ruled that Ripple Labs must pay a $125 million civil penalty and is prohibited from future violations of securities laws. This ruling, which concluded one of the longest litigations in the crypto space, confirmed XRP as a non-security asset. Following the judgment, XRP’s price surged by 20%, with expectations for further positive movement in the near future.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#XRP #Solana #Ripple #CryptoForHarris #Ripple $BTC $SOL $XRP
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Solana has made a new achievement by getting ETF approval in Brazil. The Brazilian Securities and Exchange Commission (CVM) approved the ETF application from investment firm QR, which will be managed by Vortx. This means a spot Solana ETF is now officially set to launch.
Solana’s Market Surge Following Brazil’s ETF Approval
The approval of a Solana ETF in Brazil had a noticeable impact on SOL’s recent performance. The cryptocurrency surged by 10.72% early on Thursday, continuing its recovery from the recent market crash.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
The approval led to a significant increase in Solana’s market capitalization. During Thursday’s Asian trading session, SOL’s market cap rose from $66.24 billion at the start to $72.82 billion at its peak. Although the market cap slightly retraced towards the end of the session, it resumed its upward trend with the European market opening. At the time of writing, Solana’s market cap was $71.79 billion, according to CoinmarketCap.
Brazil’s SOL ETF Approval and Ripple Court Ruling Impact
Analysts believe Brazil’s approval of the Solana ETF could influence the U.S. Securities and Exchange Commission (SEC) to consider similar products. However, it is doubtful that the Biden administration will approve such ETFs in the near future, despite recent filings for spot Solana ETFs by asset managers VanEck and 21Shares.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
The timing of Brazil’s ETF approval also coincides with a major development in the crypto industry: the final court ruling in the SEC vs. Ripple case. Judge Analisa Torres ruled that Ripple Labs must pay a $125 million civil penalty and is prohibited from future violations of securities laws. This ruling, which concluded one of the longest litigations in the crypto space, confirmed XRP as a non-security asset. Following the judgment, XRP’s price surged by 20%, with expectations for further positive movement in the near future.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#XRP #Solana #Ripple #CryptoForHarris #Ripple $BTC $SOL $XRP
Solana Gains 40% Post-Crash; Can It Reach $185?
After Monday's spectacular meltdown, Solana (SOL) gained the most among the top five crypto market participants. SOL rose 40% in two days from $110 to $150, according to CryptonewsZ.
This low, last seen on March 5, has historically driven SOL 90% to this year's top at $209. Market observers believe the SOL coin might reach new highs if market confidence prevails.
In the previous 24 hours, Bitcoin (BTC) rose 4.38% while Ethereum (ETH) rose 1.18%. At press time, BTC is over $57K and ETH above $2.4K.
The SOL Price Action
As of this publishing, the SOL token traded at $153.33, up 9.63% from its previous day's close. This confidence has raised SOL's market valuation to 71.51 billion, making it the 5th biggest cryptocurrency.
Solana's 24-hour trade volume fell 33.80% to $5.56 billion. Despite recent market advances, investors remain apprehensive of negative price activity.
The weekly chart shows that Solana's market remains gloomy, adding to this dismal picture. SOL exceeding the weekly starting price of $183 might eliminate this pessimistic sentiment, according to market analysts.
Is SOL's Bull Run Permanent?
Many experts have noted that the SOL coin is multi-bullish despite its recent price fluctuation. On the daily chart, the SOL/USD pair is forming a bullish pennant pattern with lower highs and higher lows.
Price consolidation before a bullish breakthrough is common with this pattern. The 200-day Simple Moving Average (SMA) trades barely below SOL's price at $146.55, providing immediate support for this hopeful view.
Should the 200-day SMA hold, SOL might hit $169.34, according to market gurus. A break above this high might propel SOL/USD above $184, eliminating SOL's weekly negative attitude.
However, the daily RSI value at 44.82, near neutral, suggests price consolidation. A break above this zone might signal a positive momentum change and a retest of the previous high.
#Solana #Sol $SOL
After Monday's spectacular meltdown, Solana (SOL) gained the most among the top five crypto market participants. SOL rose 40% in two days from $110 to $150, according to CryptonewsZ.
This low, last seen on March 5, has historically driven SOL 90% to this year's top at $209. Market observers believe the SOL coin might reach new highs if market confidence prevails.
In the previous 24 hours, Bitcoin (BTC) rose 4.38% while Ethereum (ETH) rose 1.18%. At press time, BTC is over $57K and ETH above $2.4K.
The SOL Price Action
As of this publishing, the SOL token traded at $153.33, up 9.63% from its previous day's close. This confidence has raised SOL's market valuation to 71.51 billion, making it the 5th biggest cryptocurrency.
Solana's 24-hour trade volume fell 33.80% to $5.56 billion. Despite recent market advances, investors remain apprehensive of negative price activity.
The weekly chart shows that Solana's market remains gloomy, adding to this dismal picture. SOL exceeding the weekly starting price of $183 might eliminate this pessimistic sentiment, according to market analysts.
Is SOL's Bull Run Permanent?
Many experts have noted that the SOL coin is multi-bullish despite its recent price fluctuation. On the daily chart, the SOL/USD pair is forming a bullish pennant pattern with lower highs and higher lows.
Price consolidation before a bullish breakthrough is common with this pattern. The 200-day Simple Moving Average (SMA) trades barely below SOL's price at $146.55, providing immediate support for this hopeful view.
Should the 200-day SMA hold, SOL might hit $169.34, according to market gurus. A break above this high might propel SOL/USD above $184, eliminating SOL's weekly negative attitude.
However, the daily RSI value at 44.82, near neutral, suggests price consolidation. A break above this zone might signal a positive momentum change and a retest of the previous high.
#Solana #Sol $SOL
🎖️ New Solana Meme Coin Surges 430% Amid Recovering Market
Solana (SOL) meme coins have been the market’s focus following the rise of dogwifhat (WIF), BONK, and other tokens.
However, this does not make every new hot trending meme asset a must-have since some don’t have much to offer, like Banana Tape Wall (BTW)
🔸 Why This New Solana Meme Coin Skyrocketed?
Solana meme coin, BTW, was the best-performing token in its category over the last 24 hours. The asset registered a 430% rise even when the rest of the market barely recovered from the recent drawdown.
BTW, which is trading at $0.0143 at the time of writing, may have seen a considerable rise, but the coin may not be worthy of being a part of anyone’s portfolio. This is because new meme coins are vulnerable to significant market volatility and manipulations.
BTW is born from the artwork “Comedian,” which is a banana stuck to a wall by duct tape. Feeding the irony of giving importance to insignificant information, the artwork was sold for nearly $120,000.
BTW was launched less than three days ago, expecting to bank on the same hype. Since then, the meme coin has grown, but this might be the ceiling for the meme coin.
Nevertheless, it contributed significantly to the overall market capitalization of Solana meme coins. At the time of writing, the collective worth of these assets was more than $7 billion, rising by 12% in a day.
🔸 Solana Price Prediction: The Parent Benefits
Solana’s price is gaining from the recovering market and the hype surrounding the meme coins on the network. In the last 48 hours, the cryptocurrency has seen a near 20% rise, bringing the trading price to $154.
The “Ethereum killer” is close to flipping the resistance of $156 into support, which would mark a 50% recovery from the recent losses. A bounce off from this point could send SOL to $175 and above.
However, profit-taking could result in Solana’s price losing the support of $156, sending the altcoin back down.
$SOL #SOL #Memecoins #Solana
Solana (SOL) meme coins have been the market’s focus following the rise of dogwifhat (WIF), BONK, and other tokens.
However, this does not make every new hot trending meme asset a must-have since some don’t have much to offer, like Banana Tape Wall (BTW)
🔸 Why This New Solana Meme Coin Skyrocketed?
Solana meme coin, BTW, was the best-performing token in its category over the last 24 hours. The asset registered a 430% rise even when the rest of the market barely recovered from the recent drawdown.
BTW, which is trading at $0.0143 at the time of writing, may have seen a considerable rise, but the coin may not be worthy of being a part of anyone’s portfolio. This is because new meme coins are vulnerable to significant market volatility and manipulations.
BTW is born from the artwork “Comedian,” which is a banana stuck to a wall by duct tape. Feeding the irony of giving importance to insignificant information, the artwork was sold for nearly $120,000.
BTW was launched less than three days ago, expecting to bank on the same hype. Since then, the meme coin has grown, but this might be the ceiling for the meme coin.
Nevertheless, it contributed significantly to the overall market capitalization of Solana meme coins. At the time of writing, the collective worth of these assets was more than $7 billion, rising by 12% in a day.
🔸 Solana Price Prediction: The Parent Benefits
Solana’s price is gaining from the recovering market and the hype surrounding the meme coins on the network. In the last 48 hours, the cryptocurrency has seen a near 20% rise, bringing the trading price to $154.
The “Ethereum killer” is close to flipping the resistance of $156 into support, which would mark a 50% recovery from the recent losses. A bounce off from this point could send SOL to $175 and above.
However, profit-taking could result in Solana’s price losing the support of $156, sending the altcoin back down.
$SOL #SOL #Memecoins #Solana
Binance Market Update 2024-08-09 ⏰
1. #Binance Recovers Over $73M in #Stolen Funds from
External Hacks
2. #Grayscale ETHE Sees Significant Decline in Daily
Outflows
3. US Unemployment Claims Hit New Low Since July
4. CBOE Resubmits Application for Bitcoin ETF Options as
Approval Looms
5. Brazil to Launch First Spot #Solana ETF
$BTC $SOL
1. #Binance Recovers Over $73M in #Stolen Funds from
External Hacks
2. #Grayscale ETHE Sees Significant Decline in Daily
Outflows
3. US Unemployment Claims Hit New Low Since July
4. CBOE Resubmits Application for Bitcoin ETF Options as
Approval Looms
5. Brazil to Launch First Spot #Solana ETF
$BTC $SOL
Boring price action for $WEN @wenwencoin , the cute cat of #Solana
At major support. A good team behind it ! Lets see if it can bounce from here 📈
At major support. A good team behind it ! Lets see if it can bounce from here 📈
**🚀 Vybe Network Unveils Cutting-Edge Data Solution for the Solana Ecosystem**
As reported by PANews, Vybe Network, a leading data provider for the Solana ecosystem, has introduced its groundbreaking service—Vybe WebSockets. This advanced solution captures data at Solana's native speed, processing it block by block, enabling instant responses to on-chain events. By streamlining decision-making and execution processes, Vybe WebSockets significantly enhances user experience with intuitive filters that ensure users receive only the most relevant information.
**Real-Time #Solana Data, Tailored to Your Needs**
Vybe WebSockets delivers real-time Solana data essential for various applications. The data includes token transactions, token transfers, token prices from the Pyth price source, as well as upcoming NFT events and token transaction prices. This innovative solution is ideal for trading bots, analytics platforms, monitoring tools, DeFi platforms, and even compliance and auditing purposes.
**Elevate Your Operations with Vybe WebSockets**
Whether you're building trading bots, enhancing analytics, or ensuring compliance, Vybe WebSockets offers the real-time data you need to stay ahead in the fast-paced Solana ecosystem.
**#Solana #BinanceHODLerBANANA #MarketDownturn
As reported by PANews, Vybe Network, a leading data provider for the Solana ecosystem, has introduced its groundbreaking service—Vybe WebSockets. This advanced solution captures data at Solana's native speed, processing it block by block, enabling instant responses to on-chain events. By streamlining decision-making and execution processes, Vybe WebSockets significantly enhances user experience with intuitive filters that ensure users receive only the most relevant information.
**Real-Time #Solana Data, Tailored to Your Needs**
Vybe WebSockets delivers real-time Solana data essential for various applications. The data includes token transactions, token transfers, token prices from the Pyth price source, as well as upcoming NFT events and token transaction prices. This innovative solution is ideal for trading bots, analytics platforms, monitoring tools, DeFi platforms, and even compliance and auditing purposes.
**Elevate Your Operations with Vybe WebSockets**
Whether you're building trading bots, enhancing analytics, or ensuring compliance, Vybe WebSockets offers the real-time data you need to stay ahead in the fast-paced Solana ecosystem.
**#Solana #BinanceHODLerBANANA #MarketDownturn
