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"Solana’s 1,734% Rally to $4,000: Chart Patterns Point to Explosive Growth"

The Crypto Basic

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Analyst Ali Martinez has identified a cup and handle pattern in the #Solana chart, suggesting SOL could experience a significant breakout to $4,000. 

Read more on: https://thecryptobasic.com/2024/12/11/technical-patterns-confirm-solana-could-surge-1734-to-4000-details/
#CryptoNewsUSA 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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A notable #FTX creditor has rebuffed plans that the defunct crypto exchange FTX would resume customer repayment as early as January 2025. For context, the news made the rounds since the weekend that the Sam Bankman-Fried-owned crypto exchange will repay its creditors starting from January 3. The speculation also suggested that FTX would distribute $16 billion to its customers within 60 days of the repayment start date. FTX Creditor Responds In a tweet today, Sunil, a self-acclaimed FTX creditor champion, refuted the claims. He noted that the January payments were false and provided the actual distribution details. Sunil stated that FTX has recovered $13 billion from debtors, which could increase to $14 billion in March. Meanwhile, the creditor noted that the bankruptcy estate of the defunct exchange does not intend to distribute the entire amount. He stated that FTX filed to reserve 50% of the recovered funds. As a result, it can only distribute half of the disputed claims, worth $7 billion, in the initial repayment phase. Meanwhile, Sunil noted that FTX would fully recompense its customers in two to three years. #CryptoNewsCommunity

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Smart contract deployment on the #Cardano network reached a significant milestone this year, nearly crossing 100,000, as blockchain gains traction. Cardano Blockchain Insight collated the data from the Plutus-based smart contract deployer, which specifies the amount deployed by each software version. For context, Plutus is a smart contract platform on the Cardano network that allows developers to create decentralized applications that can interact with the blockchain. Plutus V2 Leads the Smart Contract Mania The second version of the Plutus programming language was the star of the show, as it was responsible for most of the smart contract deployment. At the start of the year, there were just 8,083 Plutus V2 scripts on the blockchain. However, the total tally surged to 105,500 on December 29, appreciating by 97,417 smart contracts during the year. Notably, the Plutus V2 application went live on the Cardano network in September 2022 after the Vasil hard fork. The script enhanced smart contract features in the Cardano ecosystem, introducing features such as reference inputs, inline datum, and reference script. Meanwhile, the Plutus V1 also saw substantial traction. The maiden smart contract script added 573 smart contracts to the network, growing from 6,296 at the beginning of the year to 6,869 as of December 27. Furthermore, the newly introduced Plutus V3 programming software also recorded considerable usage in its short time of existence. For context, the Cardano ecosystem debuted the third version of Plutus in preparation for the September 1 Chang hard fork, which introduced decentralized governance on the blockchain. In February, the Cardano team released Plutus V3 on the SanchoNet testnet, which has enhanced features compared to earlier versions. The application entered the mainnet in August and deployed 444 smart contracts on the Cardano blockchain. #CryptoNewsCommunity

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#Cardano founder Charles Hoskinson humorously suggests Intel is dead following a supposed bullish call from CNBC Mad Money host Jim Cramer. After several famous wrong calls, including about Bear Stearns over a decade ago as well as Silicon Valley Bank and Signature Bank in the past year, CNBC’s Mad Money show host Jim Cramer has become a meme on X as critics believe he is wrong all the time. A problem with this infamy, however, is that his words can often be taken out of context for the sake of sensationalism, with critics quick to take the piss. Cardano founder Charles Hoskinson appears to be the latest such critic. Cardano’s Hoskinson Pounces on Supposed Jim Cramer Intel Call Cardano founder Charles Hoskinson has recently taken a swipe at a supposed call from TV pundit Jim Cramer. “Well that’s it, Intel is officially dead,” Hoskinson quipped in a Monday, December 30 X post. The post links to a Yahoo Finance-hosted article with a headline suggesting that Jim Cramer had claimed that the chip maker was completely fine despite a terrible year that has seen its share prices decline by over 50%. Hoskinson’s post on the supposed Jim Cramer call has unsurprisingly sparked a flurry of similar reactions, with one user describing the pundit’s supposed backing as the proverbial “final nail in the coffin” for Intel. #cryptonewstoday

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Shytoshi Kusama, the lead developer of the #shiba⚡ Inu ecosystem, is enthusiastic about the upcoming launch of Shiba Inu’s new racing game, Lap Dogs. In an X post today, Kusama reacted to the upcoming launch of Lap Dogs, noting that the game marks yet another win for the Web3 gaming space. This comes as the Shiba Inu ecosystem team plans to expand the Web3 gaming industry with the imminent launch of Lap Dogs. In a follow-up comment, the Shiba Inu leader expressed pride in the team behind SHIB: The Metaverse for creating the game. Lap Dogs Prepares for Imminent Launch For context, the gaming arm of the Shiba Inu ecosystem, Play with Shib, caused a stir within the community when it posted the Lap Dogs trailer. The X handle playfully suggested that all Shiba Inu-themed characters ‘are goodest bois.’ The community was asked to prepare and discover which of these characters is the fastest in the dog racing game. “Lap Dogs is coming soon. Stay tuned…” it remarked. #CryptoNews🚀🔥V

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