What will 2024 be like for cryptocurrencies?

If 2022 was remembered as a crash for cryptocurrencies, then this year a new rally began, which could grow even more in 2024, Yahoo writes.

BTC is up more than 160% year-to-date, topping $44,000 for the first time since early 2022, and shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) have more than tripled.

According to experts, this rise was facilitated by the general sentiment of investors who believe that cryptocurrencies “have come for a long time and in earnest.”
The renewed growth of the entire cryptocurrency industry has become one of the biggest market developments in 2023, following the epic crash in 2022 that wiped out some of the biggest companies in the industry.

Now, at the end of 2023 and beginning of 2024, cryptocurrency investors can breathe easy: one of the industry's biggest problems has disappeared after the conviction of FTX exchange founder Sam Bankman-Fried and the admission of guilt by Binance CEO Changpeng Zhao.
#crypto #bitcoin #SOLAN #bnb #xrp

Solana reported a shortage of Saga smartphones
The Solana project team is forced to cancel some of the accepted orders for Saga blockchain smartphones due to “inventory problems” with a third-party distributor.
According to the statement, as a result of the surge in demand for devices, a reserve of 20,000 devices for the US and EU markets was sold out. Solana did not have a clear picture of its inventory status. There is no way to quickly replenish them.

The selling price of a smartphone on eBay jumped to $5,500, although a few days ago most deals were concluded at less than $3,000.
The reason for the rejection of some applications for Saga was also the suspicion of speculative intentions of buyers.

The smartphone was introduced in June 2022. Web3 functions are integrated into the hardware and software of the device, which allows it to be used as a hardware wallet. Saga also offers a number of other benefits, including a month of free access to the Helium wireless network, bonuses in the Honeyland game, early access to the Genopets project and NFTs.
#solana #sol #SOLAN

Solana became the fourth largest cryptocurrency by capitalization

The SOL token has grown in price tenfold since the beginning of the year and is second only to permanent leaders in terms of share in the cryptocurrency market.

The rate of the native blockchain token Solana (SOL) on the night of December 22 reached its highest since April 2022, immediately reaching $99.4 on the Binance exchange in pairs with the stablecoin Tether USD (USDT). At 10:00 Moscow time, the coin is trading at $97, according to TradingView. SOL's capitalization exceeded $41.7 billion, making the token the fourth largest crypto asset after Bitcoin (BTC), Ethereum (ETH) and USDT.

Solana's price has increased tenfold since the beginning of the year, but the token is trading below the all-time high of $250 reached in November 2021 during the peak of the crypto market.

On December 21, the SOL token overtook XRP from Ripple Labs in capitalization, and it took another day for its market valuation to rise above BNB from the Binance exchange, which for a long time occupied fourth place in the Coimnarketcap rating. The service ranks crypto assets based on the Fully Diluted Market Cap indicator - this is the total value of the asset at the current price, provided that all coins are traded on the market.

#crypto #SOLAN #Solana #Solana📈🚀🌐 #SOLPriceRise

The analyst does not rule out the price of Solana falling to a minimum of $70

Cryptocurrency analyst Bluntz Capital has suggested that Solana's recent price movement could indicate a sharper drop in the value of the digital asset amid prevailing bearish market conditions.

SOL looks like all these weeks of sideways movement have been some kind of wave B triangle. I'm interested in low prices again at $70,” the analyst wrote on Twitter, which is banned in Russia.

If the altcoin price falls to $70, this will be the lowest level for Solana since mid-December 2023. According to CoinGecko, on the evening of January 22, Solana was trading at $85. Over the past 24 hours, the SOL rate decreased by 7.8%; on the weekly chart there was a minus of 10.8%.
During the cryptocurrency market recovery last year, Solana was one of the main beneficiaries of the price explosion recorded at the time. In addition to the increased influx of capital into the network, Solana has also benefited from a surge in interest in blockchain.

#SOL100 #Solana: #SOLAN
$SOL

CEO Real Vision predicts ETH's superiority over Bitcoin in 2024.

Former Goldman Sachs (NYSE:GS) executive Raoul Pal predicts that Ethereum (ETH) will surpass Bitcoin (BTC) in 2024.

The current CEO of Real Vision believes that next year, Ethereum paired with Bitcoin (ETH/BTC) could repeat the price pattern of the 2021 bull market.

On the evening of December 23, ETH/BTC was trading at 0.05288 BTC ($2314).

The analyst also believes that more favorable macroeconomic conditions will soon emerge for risk assets such as Ethereum, which will lead to its sharp growth, as it did two years ago.

The analyst is convinced that next year ETH competitor Solana (SOL) will not be able to bypass Ethereum.

On the evening of December 23, SOL/ETH was trading at 0.0419 ETH ($97.01). Year to date, SOL has risen from $9.99, representing an increase of over 871%.

#SOLAN #bitcoin #etherem

Arthur Hayes: Throw away SOL and confess your love to Archangel Vitalik.

The former head of the crypto exchange added that he expects ether to reach $5,000.
The crypto enthusiast has constantly complimented SOL, and recently stated that he wants to see the token price at $100 in the near future. In response to joyful messages from Solana fans about how glad they are that Hayes himself is promoting SOL, he said that he was simply acting as a trader.

#SOLAN

Solana's New SPL Token Extension Arrives

Solana Labs announced the launch of its Solana Program Library (SPL) token extensions, calling it 'the future of tokenization'

Solana's new SPL token extensions are designed for a wide range of assets, with the primary goal of making them more programmable, the developers wrote in a Twitter thread.

#SOL100 #SOLAN #Solana
$SOL

In one week, inflows into Solana exceeded $4 billion. Can SOL reach $200?

Increased interest in it has led to Solana's market capitalization reaching $43.7 billion, which is significantly more than the $38.1 billion recorded as of January 22.

After the success of the first Solana smartphone, the blockchain project team announced the release of the second, and demand for it is already growing. In particular, pre-orders for the device almost reached 30,000 within an hour.

Against the backdrop of increased activity, the number of Solana addresses is also increasing - in January 2024, at least 10 million new addresses were registered on the network, most of which are associated with the activity of meme coins.

Table of the number of new SOL addresses. Source: IntheBlock

On the evening of January 29, SOL was trading at $100.73, up an impressive 17% weekly.

Seven-day SOL price chart. Source: CoinGecko

Crypto trader Jelle suggests that investors should expect an extended rally in SOL, during which the token could reach $200.

SOL price chart. Source: TradingView
#SOLAN #Solana #Solana-SOL #solusdt #SOL100
$SOL

DEX helped Solana overtake Bitcoin in terms of daily active users

The Solana (SOL) proof-of-stake network has overtaken the Bitcoin network in the number of daily active users, although last week it was even behind the first generation blockchain.

On January 26, Solana's active user base surpassed one million for the first time in a month, according to AMBCrypto's analysis of Artemis data. On the same day, the number of daily active Bitcoin addresses dropped to 597,000.

Source: Artemis

In addition, Solana maintained its undisputed leadership in intranet transactions - on January 26, the daily number reached 26.39 million, which significantly exceeds the indicators of other networks.

In comparison, Tron, which ranks second, recorded about 4.59 million transactions on the same day, which is only a small fraction of Solana's figure.
#Solana #SOLAN #SOL100 #Solana: #solusdt
$SOL

$150 million worth of unlocked tokens will hit the market in the first week of 2024

The tracker of locked tokens Token Unlock presented details of the upcoming unlocks of various crypto projects planned until January 7, 2024. Thus, in the first week of the new year, tokens worth more than $150.84 million will enter the market.

The largest number of crypto assets will be released by the decentralized exchange dYdX (DYDX) - on January 1, its team will issue 33.3 million DYDX tokens, the market value of which is currently $111.33 million. Note that 33.3 million tokens are equal to 12.36% of the circulating supply offers.

According to the planned distribution, dYdX investors will receive $61.74 million, and founders, employees, advisors and consultants will receive $34.00 million. $15.59 million has been allocated for future employees
#Bitcoin. #BNB🔥 #etherium #SOLAN #Ripple
$BTC $SOL $ETH