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💥💥💥 Crypto Bulls Rack up $580M Liquidations as #bitcoin Drops 8%, Ether, #Solana , #Dogecoin Plunge
Major cryptocurrencies plunged up to 20% in the past 24 hours as movements from a Mt. Gox-linked wallet unsettled traders during early Asian hours, causing the market to drop an average of 10%.
Bitcoin (BTC) fell 8% to briefly dip below $54,000 before recovering slightly, erasing all gains since February. Ether ($ETH ) dropped more than 10%, while Solana’s (SOL) and Cardano’s ($ADA ) values fell 8%. Dogecoin (DOGE) experienced a nearly 18% decline.
Coinalyze data indicates that these movements triggered over $580 million in liquidations of long positions—bets on higher prices—in one of the year’s largest liquidation events. Bitcoin (BTC) and Ether (ETH) saw losses exceeding $300 million alone.
The largest single liquidation order occurred on Binance, involving an ETH trade worth $18.4 million. Additionally, open interest—the total number of unsettled futures contracts—declined by 12%, reflecting a significant exit of capital from the market.
Liquidations happen when an exchange forcibly closes a trader’s leveraged position due to a partial or total loss of their margin. This occurs when traders cannot meet margin requirements to keep their positions open.
The market turmoil follows significant Bitcoin transfers from the defunct Mt. Gox exchange, which is preparing for creditor repayments. Mt. Gox is set to start distributing assets from a 2014 hack this month, with repayments in Bitcoin and Bitcoin Cash potentially adding further selling pressure.
Trading firm QCP Capital, in a Thursday Telegram broadcast, forecasted a challenging market for the coming months: “We anticipate a subdued Q3 for BTC as uncertainty remains over the Mt. Gox release and its impact on supply.”
Source - coindesk.com
#CryptoMarkets #BinanceSquareTalks
Major cryptocurrencies plunged up to 20% in the past 24 hours as movements from a Mt. Gox-linked wallet unsettled traders during early Asian hours, causing the market to drop an average of 10%.
Bitcoin (BTC) fell 8% to briefly dip below $54,000 before recovering slightly, erasing all gains since February. Ether ($ETH ) dropped more than 10%, while Solana’s (SOL) and Cardano’s ($ADA ) values fell 8%. Dogecoin (DOGE) experienced a nearly 18% decline.
Coinalyze data indicates that these movements triggered over $580 million in liquidations of long positions—bets on higher prices—in one of the year’s largest liquidation events. Bitcoin (BTC) and Ether (ETH) saw losses exceeding $300 million alone.
The largest single liquidation order occurred on Binance, involving an ETH trade worth $18.4 million. Additionally, open interest—the total number of unsettled futures contracts—declined by 12%, reflecting a significant exit of capital from the market.
Liquidations happen when an exchange forcibly closes a trader’s leveraged position due to a partial or total loss of their margin. This occurs when traders cannot meet margin requirements to keep their positions open.
The market turmoil follows significant Bitcoin transfers from the defunct Mt. Gox exchange, which is preparing for creditor repayments. Mt. Gox is set to start distributing assets from a 2014 hack this month, with repayments in Bitcoin and Bitcoin Cash potentially adding further selling pressure.
Trading firm QCP Capital, in a Thursday Telegram broadcast, forecasted a challenging market for the coming months: “We anticipate a subdued Q3 for BTC as uncertainty remains over the Mt. Gox release and its impact on supply.”
Source - coindesk.com
#CryptoMarkets #BinanceSquareTalks
Solana Memecoins Surge 800% in 2024, Outpace Ethereum
Solana memecoins have soared in 2024, outperforming Ethereum with an 800% increase. Despite market volatility and scam risks, Michi and Billy lead the surge.
Key Insights:
Solana memecoins have surged 800% year-to-date in 2024, far outpacing Ethereum memecoins.Memecoins have become the most popular asset class, making up 22% of the market.Dogwifhat and Billy ($BILLY) are top performers, with Billy recently hitting a $100 million market cap.Celebrity endorsements and scams pose significant challenges amid the high gains of Solana memecoins.Currently, the hottest Solana memecoins are Michi and Billy.
#Solana #Bitcoin❗ #memecoin🚀🚀🚀 #Ethereum✅ #Blockchain
Key Insights:
Solana memecoins have surged 800% year-to-date in 2024, far outpacing Ethereum memecoins.Memecoins have become the most popular asset class, making up 22% of the market.Dogwifhat and Billy ($BILLY) are top performers, with Billy recently hitting a $100 million market cap.Celebrity endorsements and scams pose significant challenges amid the high gains of Solana memecoins.Currently, the hottest Solana memecoins are Michi and Billy.
#Solana #Bitcoin❗ #memecoin🚀🚀🚀 #Ethereum✅ #Blockchain
🚀 Newly Launched Project Analysis!🌟 DePIN x AI Project io.net (IO) 📈
🚀 Introducing io.net (IO): Revolutionizing Decentralized GPU Computing 🚀
🚀 Let's dive into key features and potential of #IO in this captivating thread! 🧵👇
1️⃣ Introduction: io.net (IO) is a Solana-based decentralized GPU computing network. Its mission is to democratize access to computing power by aggregating underutilized GPUs from various sources, including independent data centers, crypto miners, and consumer GPUs. By creating a decentralized physical infrastructure network (DePIN), io.net aims to provide cost-effective GPU resources for machine learning and AI applications.
2️⃣ Technology and Features: io.net leverages the IO Worker interface for GPU suppliers to contribute computing power, ensuring cost-effective utilization while scaling to meet demand. End users interact with io.net’s GPUs via IO Cloud, allowing on-demand management of decentralized GPU clusters and eliminating the need for expensive hardware investments and infrastructure management. IO Cloud is deployed on Ray, an open-source compute framework used by OpenAI for training models like GPT-3 and GPT-4.
3️⃣ Whitepaper Analysis: The whitepaper emphasizes the problem of underutilized GPU capacity globally and outlines IO.NET’s approach to aggregating GPUs from various sources. It details smart contract development, potential blockchain applications, the role of the IO token in the ecosystem, and provides insights into the project’s growth strategy and economic model.
4️⃣ Use Case: The IO Token (IO) is the native coin of the IOG Network, facilitating economic incentives within the ecosystem. Users pay for services within io.net using IO tokens, creating structural demand and ensuring network sustainability. IO tokens are used for GPU deployment fees, staking, and governance. IO.NET enables machine learning engineers and AI developers to access scalable distributed GPU clusters at a fraction of the cost of traditional centralized services, empowering startups and enterprises to tap into abundant computing power for AI workloads.
5️⃣ Team and Leadership: Ahmad Shadid, co-founder, was the CEO but stepped down before the token launch. Tory Green, another founder and former COO, now leads the project. The team originally developed quantitative trading systems for stock and crypto markets.
6️⃣ Partnerships: IO.NET has partnered with other decentralized compute networks, including Render Network and Filecoin, integrating 2,000 GPUs into its network.
7️⃣ Security and Audits: IO agent ensures that unauthorized containers are not running on a hired GPU to eliminate any risks. When a node is hired, the data existing between one worker node and the other worker node is encrypted in the docker file system. Any network traffic is also on a mesh VPN, which ensures maximum security. They also prioritize suppliers with SOC2 compliance and continue to stress the importance of SOC2 compliance with our suppliers.
8️⃣ Tokenomics: IO tokenomics include a programmatic coin burn system, where revenues from IOG Network are used to purchase and burn IO tokens. This deflationary mechanism adjusts based on IO’s price. A maximum supply of 800,000,000 IO tokens can ever enter circulation.
9️⃣ Exchanges: IO tokens can be traded on various exchanges, including Binance, Bybit, Gate.io, Bitget, KuCoin, MEXC and many more.
🔟 Recent Developments: IO.NET has onboarded approximately 20,000 cluster-ready GPUs and serves AI inference and model training workloads.
1️⃣1️⃣ Conclusion: IO.NET’s innovative approach to GPU aggregation and its focus on AI and machine learning make it an exciting project to watch. As it continues to grow, it could play a significant role in the decentralized computing space.
🌟 If You find this thread useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🚀 #DePIN #aitcoinsboom #io.net #Solana
$IO
$RNDR
$SOL
🚀 Let's dive into key features and potential of #IO in this captivating thread! 🧵👇
1️⃣ Introduction: io.net (IO) is a Solana-based decentralized GPU computing network. Its mission is to democratize access to computing power by aggregating underutilized GPUs from various sources, including independent data centers, crypto miners, and consumer GPUs. By creating a decentralized physical infrastructure network (DePIN), io.net aims to provide cost-effective GPU resources for machine learning and AI applications.
2️⃣ Technology and Features: io.net leverages the IO Worker interface for GPU suppliers to contribute computing power, ensuring cost-effective utilization while scaling to meet demand. End users interact with io.net’s GPUs via IO Cloud, allowing on-demand management of decentralized GPU clusters and eliminating the need for expensive hardware investments and infrastructure management. IO Cloud is deployed on Ray, an open-source compute framework used by OpenAI for training models like GPT-3 and GPT-4.
3️⃣ Whitepaper Analysis: The whitepaper emphasizes the problem of underutilized GPU capacity globally and outlines IO.NET’s approach to aggregating GPUs from various sources. It details smart contract development, potential blockchain applications, the role of the IO token in the ecosystem, and provides insights into the project’s growth strategy and economic model.
4️⃣ Use Case: The IO Token (IO) is the native coin of the IOG Network, facilitating economic incentives within the ecosystem. Users pay for services within io.net using IO tokens, creating structural demand and ensuring network sustainability. IO tokens are used for GPU deployment fees, staking, and governance. IO.NET enables machine learning engineers and AI developers to access scalable distributed GPU clusters at a fraction of the cost of traditional centralized services, empowering startups and enterprises to tap into abundant computing power for AI workloads.
5️⃣ Team and Leadership: Ahmad Shadid, co-founder, was the CEO but stepped down before the token launch. Tory Green, another founder and former COO, now leads the project. The team originally developed quantitative trading systems for stock and crypto markets.
6️⃣ Partnerships: IO.NET has partnered with other decentralized compute networks, including Render Network and Filecoin, integrating 2,000 GPUs into its network.
7️⃣ Security and Audits: IO agent ensures that unauthorized containers are not running on a hired GPU to eliminate any risks. When a node is hired, the data existing between one worker node and the other worker node is encrypted in the docker file system. Any network traffic is also on a mesh VPN, which ensures maximum security. They also prioritize suppliers with SOC2 compliance and continue to stress the importance of SOC2 compliance with our suppliers.
8️⃣ Tokenomics: IO tokenomics include a programmatic coin burn system, where revenues from IOG Network are used to purchase and burn IO tokens. This deflationary mechanism adjusts based on IO’s price. A maximum supply of 800,000,000 IO tokens can ever enter circulation.
9️⃣ Exchanges: IO tokens can be traded on various exchanges, including Binance, Bybit, Gate.io, Bitget, KuCoin, MEXC and many more.
🔟 Recent Developments: IO.NET has onboarded approximately 20,000 cluster-ready GPUs and serves AI inference and model training workloads.
1️⃣1️⃣ Conclusion: IO.NET’s innovative approach to GPU aggregation and its focus on AI and machine learning make it an exciting project to watch. As it continues to grow, it could play a significant role in the decentralized computing space.
🌟 If You find this thread useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🚀 #DePIN #aitcoinsboom #io.net #Solana
$IO
$RNDR
$SOL
💥💥💥 Crypto Prices Today July 3: #bitcoin Weakens To $60K, #Altcoins👀🚀 Mainly Follow While $FLOKI Soars
Crypto Prices Experience Bearish Movement After Recent Gains
Today, the crypto market has shifted back into a bearish trend following recent gains. Bitcoin (BTC) has dropped to the $60,000 level, while Ethereum (ETH) is trading around $3,500.
Solana and XRP are up, while meme coins have fallen. The global crypto market is down 1.84% to $2.77 trillion, with volume decreasing 1.67% to $53.45 billion.
Here’s a snapshot of today’s top cryptocurrencies and their price movements as of July 3:
Top Crypto Prices Today
1 .Bitcoin ($BTC )
Bitcoin's price fell by 3.46% over the past 24 hours, currently standing at $60,891.35. The 24-hour low and high were $60,584.34 and $63,151.44, respectively. Bitcoin’s dominance is at 53.18%, a 0.46% drop from the previous day, with its market cap decreasing to $1.2 trillion. This downturn follows ongoing forced selling by BTC miners.
2. Ethereum ($ETH )
Ethereum's price decreased by 2.99% to $3,349. The 24-hour range was between $3,331.59 and $3,459.76. Ethereum’s market cap is $402.96 billion. With spot Ethereum ETFs expected to launch on July 15, an uptrend might be on the horizon.
3. #Solana (SOL)
Solana's price saw a slight increase of 0.08% to $149.56. The 24-hour lows and highs were $146.89 and $154.71, respectively. The momentum appears to be fading, as indicated by CoinMarketCap’s price chart.
4. #Xrp🔥🔥
XRP experienced a 0.35% increase, trading at $0.4796. Its 24-hour lows and highs were $0.4778 and $0.4877, respectively.
5. #Dogecoin (DOGE) & Shiba Inu (SHIB)
Dogecoin’s price fell by 1.98% to $0.1217, while Shiba Inu’s price decreased by 1.77% to $0.00001691, reflecting the overall market trend.
6. Pepe Coin & Floki Inu
Pepe Coin saw a notable pullback, dropping 5.88% to $0.00001087. In contrast, Floki Inu emerged as one of the day’s top gainers.
The current market trends indicate a broad-based decline with selective resilience in some cryptocurrencies.
Crypto Prices Experience Bearish Movement After Recent Gains
Today, the crypto market has shifted back into a bearish trend following recent gains. Bitcoin (BTC) has dropped to the $60,000 level, while Ethereum (ETH) is trading around $3,500.
Solana and XRP are up, while meme coins have fallen. The global crypto market is down 1.84% to $2.77 trillion, with volume decreasing 1.67% to $53.45 billion.
Here’s a snapshot of today’s top cryptocurrencies and their price movements as of July 3:
Top Crypto Prices Today
1 .Bitcoin ($BTC )
Bitcoin's price fell by 3.46% over the past 24 hours, currently standing at $60,891.35. The 24-hour low and high were $60,584.34 and $63,151.44, respectively. Bitcoin’s dominance is at 53.18%, a 0.46% drop from the previous day, with its market cap decreasing to $1.2 trillion. This downturn follows ongoing forced selling by BTC miners.
2. Ethereum ($ETH )
Ethereum's price decreased by 2.99% to $3,349. The 24-hour range was between $3,331.59 and $3,459.76. Ethereum’s market cap is $402.96 billion. With spot Ethereum ETFs expected to launch on July 15, an uptrend might be on the horizon.
3. #Solana (SOL)
Solana's price saw a slight increase of 0.08% to $149.56. The 24-hour lows and highs were $146.89 and $154.71, respectively. The momentum appears to be fading, as indicated by CoinMarketCap’s price chart.
4. #Xrp🔥🔥
XRP experienced a 0.35% increase, trading at $0.4796. Its 24-hour lows and highs were $0.4778 and $0.4877, respectively.
5. #Dogecoin (DOGE) & Shiba Inu (SHIB)
Dogecoin’s price fell by 1.98% to $0.1217, while Shiba Inu’s price decreased by 1.77% to $0.00001691, reflecting the overall market trend.
6. Pepe Coin & Floki Inu
Pepe Coin saw a notable pullback, dropping 5.88% to $0.00001087. In contrast, Floki Inu emerged as one of the day’s top gainers.
The current market trends indicate a broad-based decline with selective resilience in some cryptocurrencies.
Solana Explorers, what they are and the need for $SOL blockchain
In the ever-evolving world of blockchain technology, the Solana ecosystem has emerged as a prominent player, offering a fast, scalable, and secure platform for decentralized applications. As a Solana enthusiast, it's crucial to have a solid understanding of the tools and resources available to navigate this dynamic ecosystem. In this comprehensive blog post, we'll dive into the world of Solana explorers, focusing on Solscan and other powerful tools that can help you unlock the full potential of the Solana blockchain.
Exploring Solscan: Your Gateway to Solana's Transactions
Solscan is a widely-used Solana explorer that provides an in-depth view of the blockchain's activity. This powerful tool allows you to delve into the details of Solana transactions, from signatures and timestamps to block information and transaction maps. By understanding the anatomy of a Solana transaction, you can gain valuable insights into the network's operations and identify potential issues or anomalies.
Dissecting a Solana Transaction
When exploring a Solana transaction on Solscan, you'll be presented with a wealth of information. The signature, block, timestamp, and other metadata provide a comprehensive overview of the transaction's journey through the network. By analyzing the transaction details, you can uncover valuable information, such as the parties involved, the amount of SOL or tokens transferred, and any associated fees or instructions.
Identifying Scam Tokens and Burning Them
One of the key features of Solscan is its ability to help you identify and address potential scam tokens. The explorer provides insights into the token's history, contract details, and any suspicious activities, empowering you to make informed decisions about your investments. If you encounter a token that raises red flags, Solscan allows you to initiate the burning process, effectively removing the token from your wallet and protecting your assets.
Exploring the Solana Ecosystem: Other Powerful Explorers
While Solscan is a fantastic resource, it's not the only Solana explorer available. The Solana ecosystem boasts a variety of explorers, each with its unique features and capabilities. Let's explore some of the other prominent Solana explorers and their key functionalities.
The Official Solana Explorer
The official Solana explorer, available at explorer.solana.com, is a comprehensive tool that provides a high-level overview of the Solana blockchain. This explorer offers insights into the network's health, including overall transaction volume, block production, and validator performance. It's an essential resource for monitoring the Solana network and staying up-to-date with its ongoing development.
Solana Beach: A User-Friendly Explorer
Solana Beach, found at solanabeach.io, is a Solana explorer that prioritizes user-friendliness. With its intuitive interface and easy-to-navigate features, Solana Beach is an excellent choice for beginners and casual users who want to explore the Solana blockchain without getting bogged down in technical details.
Solana.fm: Visualizing Solana's Ecosystem
Solana.fm, available at solana.fm, offers a unique approach to Solana exploration by providing a visually-driven interface. This explorer allows you to visualize the Solana ecosystem, including token movements, validator performance, and network activity. Solana.fm is particularly useful for gaining a high-level understanding of the Solana network and identifying trends or patterns.
Unlocking the Potential of Solana Explorers
Now that you're familiar with the various Solana explorers, let's explore how you can leverage these tools to enhance your understanding and interaction with the Solana ecosystem.
Tracking Transactions and Verifying Authenticity
One of the primary use cases for Solana explorers is the ability to track and verify transactions. Whether you're sending or receiving SOL or Solana-based tokens, you can use these explorers to ensure the legitimacy of the transaction, monitor its progress, and troubleshoot any issues that may arise.
Monitoring Rent Reserves and Token Balances
Solana explorers also provide valuable insights into the rent reserves and token balances associated with your Solana accounts. By understanding the rent reserve requirements and monitoring your token balances, you can make informed decisions about your Solana-based assets and ensure the proper maintenance of your accounts.
Exploring Staking and Validator Performance
For Solana enthusiasts who are actively involved in staking, Solana explorers offer a wealth of information about the staking process. You can use these tools to track your staking rewards, monitor the performance of your chosen validators, and stay informed about the overall health of the Solana staking ecosystem.
Integrating Solana Explorers with Decentralized Applications
As the Solana ecosystem continues to grow, many decentralized applications (dApps) are integrating Solana explorers into their platforms. This integration allows users to seamlessly interact with the Solana blockchain, view transaction histories, and manage their assets directly within the dApp interface. By familiarizing yourself with Solana explorers, you'll be better equipped to navigate and engage with the expanding Solana dApp landscape.
Anyway: Empowering Your Solana Journey
Navigating the Solana ecosystem can be a rewarding and empowering experience, and the array of Solana explorers available are invaluable tools in this journey. From Solscan's comprehensive transaction analysis to the specialized features of other explorers, these resources provide you with the insights and transparency needed to make informed decisions, manage your Solana-based assets, and participate actively in the growth of the Solana ecosystem.
As you continue to explore and engage with the Solana blockchain, remember to always prioritize security, conduct thorough research, and stay up-to-date with the latest developments. With the guidance of Solana explorers and a keen eye for detail, you'll be well on your way to unlocking the full potential of this innovative blockchain technology.
#Solana #Web3 #DeFi
$SOL
Exploring Solscan: Your Gateway to Solana's Transactions
Solscan is a widely-used Solana explorer that provides an in-depth view of the blockchain's activity. This powerful tool allows you to delve into the details of Solana transactions, from signatures and timestamps to block information and transaction maps. By understanding the anatomy of a Solana transaction, you can gain valuable insights into the network's operations and identify potential issues or anomalies.
Dissecting a Solana Transaction
When exploring a Solana transaction on Solscan, you'll be presented with a wealth of information. The signature, block, timestamp, and other metadata provide a comprehensive overview of the transaction's journey through the network. By analyzing the transaction details, you can uncover valuable information, such as the parties involved, the amount of SOL or tokens transferred, and any associated fees or instructions.
Identifying Scam Tokens and Burning Them
One of the key features of Solscan is its ability to help you identify and address potential scam tokens. The explorer provides insights into the token's history, contract details, and any suspicious activities, empowering you to make informed decisions about your investments. If you encounter a token that raises red flags, Solscan allows you to initiate the burning process, effectively removing the token from your wallet and protecting your assets.
Exploring the Solana Ecosystem: Other Powerful Explorers
While Solscan is a fantastic resource, it's not the only Solana explorer available. The Solana ecosystem boasts a variety of explorers, each with its unique features and capabilities. Let's explore some of the other prominent Solana explorers and their key functionalities.
The Official Solana Explorer
The official Solana explorer, available at explorer.solana.com, is a comprehensive tool that provides a high-level overview of the Solana blockchain. This explorer offers insights into the network's health, including overall transaction volume, block production, and validator performance. It's an essential resource for monitoring the Solana network and staying up-to-date with its ongoing development.
Solana Beach: A User-Friendly Explorer
Solana Beach, found at solanabeach.io, is a Solana explorer that prioritizes user-friendliness. With its intuitive interface and easy-to-navigate features, Solana Beach is an excellent choice for beginners and casual users who want to explore the Solana blockchain without getting bogged down in technical details.
Solana.fm: Visualizing Solana's Ecosystem
Solana.fm, available at solana.fm, offers a unique approach to Solana exploration by providing a visually-driven interface. This explorer allows you to visualize the Solana ecosystem, including token movements, validator performance, and network activity. Solana.fm is particularly useful for gaining a high-level understanding of the Solana network and identifying trends or patterns.
Unlocking the Potential of Solana Explorers
Now that you're familiar with the various Solana explorers, let's explore how you can leverage these tools to enhance your understanding and interaction with the Solana ecosystem.
Tracking Transactions and Verifying Authenticity
One of the primary use cases for Solana explorers is the ability to track and verify transactions. Whether you're sending or receiving SOL or Solana-based tokens, you can use these explorers to ensure the legitimacy of the transaction, monitor its progress, and troubleshoot any issues that may arise.
Monitoring Rent Reserves and Token Balances
Solana explorers also provide valuable insights into the rent reserves and token balances associated with your Solana accounts. By understanding the rent reserve requirements and monitoring your token balances, you can make informed decisions about your Solana-based assets and ensure the proper maintenance of your accounts.
Exploring Staking and Validator Performance
For Solana enthusiasts who are actively involved in staking, Solana explorers offer a wealth of information about the staking process. You can use these tools to track your staking rewards, monitor the performance of your chosen validators, and stay informed about the overall health of the Solana staking ecosystem.
Integrating Solana Explorers with Decentralized Applications
As the Solana ecosystem continues to grow, many decentralized applications (dApps) are integrating Solana explorers into their platforms. This integration allows users to seamlessly interact with the Solana blockchain, view transaction histories, and manage their assets directly within the dApp interface. By familiarizing yourself with Solana explorers, you'll be better equipped to navigate and engage with the expanding Solana dApp landscape.
Anyway: Empowering Your Solana Journey
Navigating the Solana ecosystem can be a rewarding and empowering experience, and the array of Solana explorers available are invaluable tools in this journey. From Solscan's comprehensive transaction analysis to the specialized features of other explorers, these resources provide you with the insights and transparency needed to make informed decisions, manage your Solana-based assets, and participate actively in the growth of the Solana ecosystem.
As you continue to explore and engage with the Solana blockchain, remember to always prioritize security, conduct thorough research, and stay up-to-date with the latest developments. With the guidance of Solana explorers and a keen eye for detail, you'll be well on your way to unlocking the full potential of this innovative blockchain technology.
#Solana #Web3 #DeFi
$SOL
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Solana price rose 8.1% after Vaneck filed for SOL-based ETF
Cryptocurrency Solana (SOL) rose significantly in price on Thursday after digital asset manager Vaneck submitted a proposal to list an ETF based on SOL on US stock exchanges.
Over the past 24 hours, SOL has added 8.9%, with the main increase occurring precisely after the organization’s statement. SOL currently trades around the $150 level with a market capitalization of approximately $62 billion.
Interestingly, on the South Korean exchanges Upbit and Bithumb, SOL has a 2.06% premium compared to the global average.
Over the past 12 months, the fifth-largest digital asset by market value, SOL, has increased in value by 802%. However, Solana still has a long way to go to reach its all-time high of $259, set on November 6, 2021.
The rise in Solana's value following Vaneck's ETF proposal underscores the evolving dynamics in the cryptocurrency market. However, a potential move to previous highs will depend, among other things, on overall market sentiment and investor confidence in blockchain network innovations.
#новини #Solana
$SOL
Cryptocurrency Solana (SOL) rose significantly in price on Thursday after digital asset manager Vaneck submitted a proposal to list an ETF based on SOL on US stock exchanges.
Over the past 24 hours, SOL has added 8.9%, with the main increase occurring precisely after the organization’s statement. SOL currently trades around the $150 level with a market capitalization of approximately $62 billion.
Interestingly, on the South Korean exchanges Upbit and Bithumb, SOL has a 2.06% premium compared to the global average.
Over the past 12 months, the fifth-largest digital asset by market value, SOL, has increased in value by 802%. However, Solana still has a long way to go to reach its all-time high of $259, set on November 6, 2021.
The rise in Solana's value following Vaneck's ETF proposal underscores the evolving dynamics in the cryptocurrency market. However, a potential move to previous highs will depend, among other things, on overall market sentiment and investor confidence in blockchain network innovations.
#новини #Solana
$SOL
Advantages of the Solana Network
Low transaction costs:
Solana transaction costs are around $0.00025 per transaction. The network's scalability ensures transactions cost less than 1 cent for developers and users.
Speed:
The Solana network can handle up to 65,000 transactions per second, making it one of the fastest networks in the cryptocurrency market.
Growing network:
As the network gains popularity, many developers are creating projects for Solana, increasing its usage.
Scalability solutions:
Solana network allows for scalability, meaning that even as its user base grows, it can handle operations smoothly.
#Solana #solana #Binance #bitcoin
Low transaction costs:
Solana transaction costs are around $0.00025 per transaction. The network's scalability ensures transactions cost less than 1 cent for developers and users.
Speed:
The Solana network can handle up to 65,000 transactions per second, making it one of the fastest networks in the cryptocurrency market.
Growing network:
As the network gains popularity, many developers are creating projects for Solana, increasing its usage.
Scalability solutions:
Solana network allows for scalability, meaning that even as its user base grows, it can handle operations smoothly.
#Solana #solana #Binance #bitcoin
🚀 Newly Launched Project Analysis! 🌟#GameFi Project Elixir Games (ELIX) 📈
🚀 Elixir Games: Pioneering the Future of Web3 Gaming 🚀
🚀 Let's dive into key features and potential of #ELIX in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Elixir Games is a leading Web3 gaming platform simplifying access to blockchain games and delivering premium content. With over $20M in investments and backed by giants like Square Enix and Solana Foundation, Elixir boasts 1M+ downloads and 80,000+ monthly active users.
2️⃣ Technology and Features: Elixir leverages blockchain tech to elevate gaming experiences. Their smart contract-based ecosystem enables seamless payments, loans, and crowdfunding, with a beta payments platform and smart contracts architecture for lending.
3️⃣ Whitepaper Analysis: Elixir’s evolution from Web3 foundations to indie game distribution shows continuous innovation. The platform offers advanced authentication, unique overlays, IAPs, and social engagement tools. Partnerships with top developers, including Square Enix, highlight commitment to quality and diversity. Elixir introduces groundbreaking technologies in the Web3 space. Hosting over 130 games, Elixir promises a future rich with opportunities.
4️⃣ Use Case: The $ELIX token is central to Elixir’s ecosystem, used for: Payments for IAPs, NFT sales, and fiat ramps, DAO voting for community governance, Staking for launchpad tiers and APR-based returns, Token swaps for easy exchanges.
5️⃣ Team and Leadership: Elixir’s team includes visionary leaders and industry experts. Carlos Roldan (CEO), Danyil Shakto(CGO), Pablo Sciarrotta(CFO), Toni Canas (CTO Gaming) and many more.
6️⃣ Partnerships: Elixir collaborates with industry leaders like Square Enix, Solana Foundation, NeoTokyo, and CyberKongz, showcasing strong industry connections.
7️⃣ Security and Audits: Information on specific security audits is not available.
8️⃣ Tokenomics: Total supply 1.5B ELIX tokens. Circulating supply 132.15M ELIX tokens. Listing price: $0.05. Network: Solana.
9️⃣ Exchanges: Elixir Games is listed on major exchanges like Bybit, Gate.io, Orca and MEXC.
🔟 Conclusion: Elixir Games is revolutionizing gaming with cutting-edge tech, blockchain integration, and a vibrant community. As they continue to innovate, their commitment to enhancing the gaming experience remains unwavering.
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha cryptosimbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #gamefi #Solana #Web3 #NFT $SOL
$RONIN
$XAI
🚀 Let's dive into key features and potential of #ELIX in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Elixir Games is a leading Web3 gaming platform simplifying access to blockchain games and delivering premium content. With over $20M in investments and backed by giants like Square Enix and Solana Foundation, Elixir boasts 1M+ downloads and 80,000+ monthly active users.
2️⃣ Technology and Features: Elixir leverages blockchain tech to elevate gaming experiences. Their smart contract-based ecosystem enables seamless payments, loans, and crowdfunding, with a beta payments platform and smart contracts architecture for lending.
3️⃣ Whitepaper Analysis: Elixir’s evolution from Web3 foundations to indie game distribution shows continuous innovation. The platform offers advanced authentication, unique overlays, IAPs, and social engagement tools. Partnerships with top developers, including Square Enix, highlight commitment to quality and diversity. Elixir introduces groundbreaking technologies in the Web3 space. Hosting over 130 games, Elixir promises a future rich with opportunities.
4️⃣ Use Case: The $ELIX token is central to Elixir’s ecosystem, used for: Payments for IAPs, NFT sales, and fiat ramps, DAO voting for community governance, Staking for launchpad tiers and APR-based returns, Token swaps for easy exchanges.
5️⃣ Team and Leadership: Elixir’s team includes visionary leaders and industry experts. Carlos Roldan (CEO), Danyil Shakto(CGO), Pablo Sciarrotta(CFO), Toni Canas (CTO Gaming) and many more.
6️⃣ Partnerships: Elixir collaborates with industry leaders like Square Enix, Solana Foundation, NeoTokyo, and CyberKongz, showcasing strong industry connections.
7️⃣ Security and Audits: Information on specific security audits is not available.
8️⃣ Tokenomics: Total supply 1.5B ELIX tokens. Circulating supply 132.15M ELIX tokens. Listing price: $0.05. Network: Solana.
9️⃣ Exchanges: Elixir Games is listed on major exchanges like Bybit, Gate.io, Orca and MEXC.
🔟 Conclusion: Elixir Games is revolutionizing gaming with cutting-edge tech, blockchain integration, and a vibrant community. As they continue to innovate, their commitment to enhancing the gaming experience remains unwavering.
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha cryptosimbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #gamefi #Solana #Web3 #NFT $SOL
$RONIN
$XAI
SUGMA DEEK: The Ultimate Crypto Comedy Quest on Solana!
Welcome to the most electrifying journey in the Solana galaxy! IF U HERE, you're about to embark on an adventure that's as bold as it is hilarious—SUGMA DEEK! Dive into a world where crypto meets comedy, where every transaction is a punchline, and every holder is a VIP in the comedy club of the blockchain.
But wait, there's more! Connect with us beyond the blockchain. Spot us on FACEBUK and hit that 'Accept' button on our profile. We're not just a project; we're a community that laughs, earns, and grows together.
With cutting-edge tech, lightning-fast transactions, and a commitment to hilarity, we're not just breaking the mold—we're creating a new one. Whether you're here for the memes, the gains, or the sheer joy of being part of something groundbreaking, you've come to the right place.
So, what are you waiting for? Let's make history together, one giggle at a time. #SUGMADEEK #Solana
Socials:
Tg: @SugmaDeekSol
X: @SugmaDeekSol
Website: SugmaDeek.com
But wait, there's more! Connect with us beyond the blockchain. Spot us on FACEBUK and hit that 'Accept' button on our profile. We're not just a project; we're a community that laughs, earns, and grows together.
With cutting-edge tech, lightning-fast transactions, and a commitment to hilarity, we're not just breaking the mold—we're creating a new one. Whether you're here for the memes, the gains, or the sheer joy of being part of something groundbreaking, you've come to the right place.
So, what are you waiting for? Let's make history together, one giggle at a time. #SUGMADEEK #Solana
Socials:
Tg: @SugmaDeekSol
X: @SugmaDeekSol
Website: SugmaDeek.com
I have 1000$ in my wallet for more than 20 days...
I just want to earn 10$ /day.
Anyone could help me here?
What I am doing is open grid strategy and then close it fearing that it will go wrong.
I am really struck.
5 days ago I open short future grid strategy of Sol at 178$ and from 5 days it is above to 178$.
Don't know what to do. 🙄#Solana forgive 🙏 me
I just want to earn 10$ /day.
Anyone could help me here?
What I am doing is open grid strategy and then close it fearing that it will go wrong.
I am really struck.
5 days ago I open short future grid strategy of Sol at 178$ and from 5 days it is above to 178$.
Don't know what to do. 🙄#Solana forgive 🙏 me
who entcounter in #Solana $SOL enjoy 5.0%+ with in few minutes so now it will be going upto $220 as i told you before, who want to earn with in short term more income just click on $SOL and Buy now
🚀 AMBCrypto: $SOL Futures Market Performance
AMBCrypto’s assessment of the activity on SOL’s futures market revealed a steady hike in bearish sentiments since the beginning of the month.
Firstly, the coin’s futures open interest, which measures the total number of futures contracts that have yet to be settled or closed, has trended downward since 1st April.
At $2.88 billion as of this writing, SOL’s futures open interest has dropped by 20% since the beginning of April, per Coinglass data.
When an asset’s open interest falls in this manner, it suggests that market participants are exiting their trading positions without opening new ones.
Although its funding rate across cryptocurrency exchanges remained positive, it had declined by almost 90% since 1st April and was spotted at a 60-day low at press time.
The decline in SOL’s funding rate is noteworthy as it suggests the demand for long positions is waning. It signals that long traders are exiting their positions primarily for profit.
When long traders start to pull back like this, it means that the market is becoming overheated. It also suggests that bullish momentum is weakening.
This often leads to a drop in buying pressure, eventually resulting in a decline in the underlying asset’s price.
#Solana
AMBCrypto’s assessment of the activity on SOL’s futures market revealed a steady hike in bearish sentiments since the beginning of the month.
Firstly, the coin’s futures open interest, which measures the total number of futures contracts that have yet to be settled or closed, has trended downward since 1st April.
At $2.88 billion as of this writing, SOL’s futures open interest has dropped by 20% since the beginning of April, per Coinglass data.
When an asset’s open interest falls in this manner, it suggests that market participants are exiting their trading positions without opening new ones.
Although its funding rate across cryptocurrency exchanges remained positive, it had declined by almost 90% since 1st April and was spotted at a 60-day low at press time.
The decline in SOL’s funding rate is noteworthy as it suggests the demand for long positions is waning. It signals that long traders are exiting their positions primarily for profit.
When long traders start to pull back like this, it means that the market is becoming overheated. It also suggests that bullish momentum is weakening.
This often leads to a drop in buying pressure, eventually resulting in a decline in the underlying asset’s price.
#Solana
Top 5 Crypto To Buy For Massive Gains In April: Popular Analyst
Popular analyst Rekt Capital unveils top 5 crypto to buy that closed higher and can rally massively in April, with a buy the dip opportunity.
The crypto market swings to upside momentum in this bull market as market participants await Bitcoin halving after the approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. SEC. With the prices rallying and closing high in March, here are the top cryptocurrencies to invest in April as per a popular analyst.
The latest crypto market selloff has provided an opportunity to buy the dip in these top 5 crypto — Solana, Dogecoin, Bitcoin Cash, Bitcoin, and Litecoin. The recovery in the crypto market will bring traders back to these crypto.
$BTC $SOL
#BullorBear #Memecoins
#Solana
#HotTrends
Popular analyst Rekt Capital unveils top 5 crypto to buy that closed higher and can rally massively in April, with a buy the dip opportunity.
The crypto market swings to upside momentum in this bull market as market participants await Bitcoin halving after the approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. SEC. With the prices rallying and closing high in March, here are the top cryptocurrencies to invest in April as per a popular analyst.
The latest crypto market selloff has provided an opportunity to buy the dip in these top 5 crypto — Solana, Dogecoin, Bitcoin Cash, Bitcoin, and Litecoin. The recovery in the crypto market will bring traders back to these crypto.
$BTC $SOL
#BullorBear #Memecoins
#Solana
#HotTrends
