đ Trump Buys Burgers with Bitcoin! đ
In a twist no one saw coming, Donald Trump, the former U.S. president, just bought burgers with Bitcoin at NYC's Pubkey bar! Yes, you read that right. Trump, who once called Bitcoin a scam, made history by becoming the first ex-president to use BTC in a transaction.
The event was a buzz, with BTC advocate Anthony Pompliano in attendance. This comes hot on the heels of Trump's announcement of a new token via World Liberty Financial, a family-run crypto platform.
What do you think? Is Trump finally warming up to crypto? Share your thoughts in the comments! đ
**Top Stories of The Week**
**Trump Buys Burgers with Bitcoin in NYC**
Donald Trump made headlines by purchasing burgers with Bitcoin at Pubkey, a New York City bar known for accepting the cryptocurrency. This marks the first time a former U.S. president has used Bitcoin in a transaction. The event followed his announcement of a new token through World Liberty Financial.
**SEC Criticized for Crypto Regulation Approach**
Arkansas Representative French Hill slammed the SEC and its chair, Gary Gensler, for creating confusion in the crypto market. Hill suggested alternative regulatory measures like the FIT21 Act to provide clearer guidelines for digital assets.
**Fed Rate Cut Sparks Inflation Concerns**
BitMEX co-founder Arthur Hayes speculated that the recent Fed rate cut might be politically motivated to support the Democratic Party. Hayes warned that this move could lead to increased inflation and market instability.
**Binance CEO Fights for Detained Exec in Nigeria**
Binance CEO Richard Teng is working tirelessly to secure the release of Tigran Gambaryan, who is detained in Nigeria. Teng emphasized the urgency due to Gambaryan's declining health and has appealed to both Nigerian and U.S. authorities.
**Solana Unveils New Smartphone, Seeker**
Solana introduced its latest smartphone, Seeker, which is more affordable than its predecessor, Saga. The device aims to offer unique rewards and experiences beyond just memecoins, targeting 140,000 pre-order customers.
**Crypto Market Update**
Bitcoin (BTC) stands at $63,127, Ether (ETH) at $2,559, and XRP at $0.58. Top gainers include Sui (SUI) at 44.76%, Celestia (TIA) at 33.66%, and Fantom (FTM) at 29.04%. Top losers are Helium (HNT) at 10.67%, KuCoin Token (KCS) at 9.04%, and SATS (1000SATS) at 8.71%. For detailed market analysis, visit Cointelegraph.
đ Cardano (ADA) Skyrockets 32,348% in Whale Netflows, What Next?
Cardano (#ADA ) has recently witnessed an extraordinary surge in whale netflows, skyrocketing by an astonishing 32,348%.
According to IntoTheBlock data, this week, Cardano has risen a whopping 32,848.01% in Large Holders Netflow, which provides an idea of the change in positions of whales. The positive surge in Cardano's whale netflows might suggest a substantial accumulation of ADA by these large players.
In the last 24 hours, Cardano has seen a 40.39% rise in large transaction volume, a metric that denotes whale activity.
The increase in whale activity accompanying a surge in net flows might be regarded as a positive indication. When whales accumulate large amounts of a cryptocurrency, it might indicate confidence in the asset's future performance, which can lead to increased buying pressure and potentially drive up the price of the cryptocurrency.
However, it is important to bear in mind that while whale accumulation is a positive signal, it does not guarantee immediate price increases. Cryptocurrency prices can be influenced by a variety of factors, including broader economic conditions and overall market sentiment.
đž What's next for price?
ADA began to rally on Tuesday, Sept. 17, and will mark the fifth day of gains if today closes in the green. At the time of writing, ADA was up 1.05% in the last 24 hours to $0.357.
On the upside, a sustained break above the daily SMA 50 has largely constrained the ADA price since late March. ADA attempted to break through this key resistance on two counts in July and August respectively, but bulls' activity was halted. If this is achieved, ADA could rally to $0.40 and subsequently to $0.45.
On the other hand, if ADA price turns down from current levels and breaks below the daily SMA 50, it might suggest that ADA might persist in range trading for a little while longer.
In exciting news for the Cardano ecosystem, Cardano's Constitutional Committee Portal has launched on the mainnet.
{spot}(ADAUSDT)
Hamster Kombat Daily Cipher Codes and Combo Cards for September 20, 2024: Unlock up to 1 million coins (Updated) #UpdateAlert
Hamster Kombat, a widely popular Telegram-based crypto tap-to-earn game launched in March 2024, now offers players the chance to earn up to 6 million tokens through new code word and card combinations. With over 200 million users globally, players can participate in Daily Cipher Code and Combo Card challenges for additional rewards.
The widely popular Telegram-based crypto tap-to-earn game has just revealed the code word and card combinations that could earn you up to 6 million tokens for free.
Since its launch in March 2024, Hamster Kombat has seen explosive growth, attracting over 200 million users globally. The viral clicker game centers around a Hamster who acts as the CEO of a simulated virtual crypto exchange. Players are tasked with supporting this ambitious rodent by mining coins and upgrading the exchangeâs level.
As a reward for their efforts, players can earn free bonuses. Mining in Hamster Kombat is simpleâjust tap on the Hamster icon until your energy bar is depleted.
The Daily Cipher Code and Combo Card are special challenges within the game designed to reward players with even more tokens. The Daily Cipher Code is a task where players must decipher a word using Morse code. Successfully cracking the code within the 24-hour time limit can earn you 1 million coins.
The Daily Combo Card is a challenge that requires players to correctly choose three cards from the gameâs upgrade categories: PR & Team, Markets, Legal, Specials, and Web3. Completing this challenge can net you an additional 5 million coins. Like the Cipher Code, the Combo Card is updated daily.
đDODO Empowers Meme Issuance: Unlocking the Future of Meme Coins and Beyond!
Binance is on a roll, and DODO is its latest exciting addition, poised to transform the meme coin landscape. Hereâs a look at DODOâs standout features and their impact on the market.
1. DODO's Unique Product Features and Use Cases
DODO offers game-changing features like one-click token issuance, customizable liquidity pools, and smart trade matching. These tools simplify the creation and trading of tokens, making it accessible for creators and traders. DODO's unique approach allows users to launch meme coins, NFTs, and community tokens with ease.
2. Surge in Traffic with DODO's Meme Platform
With the meme sector booming, DODOâs multi-chain, one-click issuance feature and upcoming Meme platform are set to drive massive user engagement. By simplifying token creation, DODO attracts a wider audience eager to participate in the thriving meme coin trend.
3. Supporting BTCFi Assets and Meme Coins with DODO's Features
DODOâs self-initiated mining, pegged pools, and easy token issuance support the growth of BTCFi assets and meme coins. The Pegged Pool feature enhances liquidity and reduces trading slippage, providing a solid foundation for emerging digital assets.
4. Market Growth Potential: DODOâs Competitive Edge
With a lower market cap and backing from top institutions, DODO has immense growth potential. Its strong financial support and innovative technology set it apart, making it a promising investment as the meme coin and DeFi sectors continue to expand.
Conclusion
DODOâs cutting-edge platform is set to revolutionize the world of meme coins and DeFi, empowering creators and investors to shape the future of digital finance. Keep an eye on DODO as it continues to lead the charge in this dynamic space!
#BinanceSquareFamily #DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #NeiroOnBinance #TerraformLabsBankruptcy
đ¶đ° Dogwifhat ($WIF ) is gearing up to hit $5!
The crypto world is buzzing as this #memecoinđđđ catches the spotlight, thanks to rising market activity and an analyst whoâs predicting a speedy rebound.
RookieXBT, the crypto oracle, thinks #dogwifhat could bounce back and erase six months of losses faster than your dog can fetch a ball! đŸ
đł One savvy investor just snatched up millions of WIF coins like they were dog treats, pouring in some serious cash from Kamino. This investor even registered âbinance-insider.solâ â is that a flex or what?
With the Chaikin Money Flow indicator wagging its tail into positive territory, it looks like more money is fetching WIF coins. If Dogwifhat breaks the $2 mark, it might just sprint toward that $5 finish line! đââïžđš
So, keep your eyes peeled, because this pup might just fetch some serious gains! đŸđ
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC
{spot}(WIFUSDT)
đą Calling All Traders, Investors, and Beginners! đą
Are you ready to explore the latest innovation in the crypto space? Binance is introducing an exciting new feature that is set to transform the way you interact with the market! This isn't just another updateâit's a game-changer for the entire community. So, whatâs new with Binance? Letâs dive in!
#DODOEmpowersMemeIssuance đ
đ DODOâs Innovative Features:
Transforming the Crypto LandscapeBinance is excited to introduce DODOâs advanced features, reshaping the trading and investment experience. DODO stands out with its Proactive Market Maker (PMM) algorithm, multi-chain one-click token issuance, and customizable liquidity pools. These features cater to traders, investors, and creators, opening new opportunities across DeFi, NFTs, and the emerging Meme sector.
đ Will DODOâs Meme Platform Boost User Traffic?
As the Meme sector booms, DODOâs multi-chain one-click token issuance is set to attract creators and enthusiasts. This user-friendly feature simplifies the launch of meme coins, potentially leading to a surge in platform traffic and solidifying DODOâs role in the marketâs growth.
âïž Supporting BTCFi and Meme Coins with
DODOâs Unique ToolsDODOâs one-click token issuance, self-initiated mining, and Pegged Pools support the development of BTCFi assets and Meme coins. These features reduce barriers, enabling seamless token creation and fostering innovation in the crypto space.
đ Market Growth Potential:
Can DODOâs Position Drive Success?With a lower market cap and backing from top institutions, DODO is uniquely positioned for growth. Its innovative features and strategic support make it an appealing choice for traders and investors aiming to tap into the next wave of market expansion.Stay tuned to Binance for more updates and be part of this exciting journey with DODO!#begineers #BTCReboundsAfterFOMC #TraderEducation #InvestorFocused
đšđš đđźđșđđđČđż đđŒđșđŻđźđ (đđ đŠđ§đ„) đ§đŒđžđČđ» đŁđżđ¶đ°đČ: đđČđđźđ¶đčđČđ± đ©đČđżđđ¶đŒđ» đšđš
The projected price of Hamster Kombat (HMSTR) tokens is expected to be shaped by several market dynamics and emerging trends. Let's calculate it on these basis
1. Launch Price Expectations: Market analysts predict that the token's initial price will fall between $0.02 and $0.10, influenced by early demand and initial exchange listings.
2. Short-Term Potential: With growing visibility across major crypto platforms and increased social media traction, the token could see a surge, potentially hitting $0.62 by the close of 2024.
3. Long-Term Projections: Looking ahead to 2025, the token may stabilize around $0.10, with its future success hinging on the broader market performance, consistent innovation, and active community participation.
Given its large supply of 100 billion tokens, the price trajectory will also be closely tied to overall adoption rates, demand, and evolving market trends in the Hamster Kombat ecosystem.
#CATIonBinance #BTCReboundsAfterFOMC #FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance
đđ„ $400 Million Ethereum Hit Exchanges as ETH Price Faces Roadblocks
âŒREAD belowâŒ
Ethereumâs (ETH) recent price increase to $2,500 was a much-needed boost for the altcoin, which some crypto investors have written off. As the price increased, holders seized the opportunity to book profits by transferring 163,840 ETH into exchanges in the last 24 hours.
This development has raised concerns about the cryptocurrencyâs ability to retest $3,000. With challenges possibly ahead, this on-chain analysis examines the implications of the recent influx.
Ethereumâs massive exchange inflow started around September 18. During that period, only a small number flowed into exchanges after the coin positively reacted to the Fed rate cut.Â
However, according to IntoTheBlock, 163,840 ETH has been sent to exchanges in the last 24 hours. With ETH priced at $2,546, this volume translates to over $400 million. This spike represents the highest inflows since January 23, when 567,390 ETH entered these platforms.
Such significant inflows typically indicate increasing selling pressure, as it appears holders are locking in profits from the recent price hike. Additionally, the surge puts ETHâs price at risk of another downturn.
For instance, after the massive inflows in January, the altcoinâs value plummeted from $2,454 to $2,217 within a few days. If history repeats itself, Ethereumâs price could decrease in the short term.
$ETH
{future}(ETHUSDT)
$SUI /USDT Market and Technical Analysis
The SUI/USDT trading pair is currently priced at $1.48, reflecting a decrease of 1.39% in the latest trading session. This price is just below the 7-day moving average of $1.4895, indicating slight bearish pressure. Over the past 24 hours, SUI reached a high of $1.5233 and a low of $1.4323, with trading volumes of 83.19 million SUI and 123.15 million USDT, showing robust market activity.
Key resistance levels to monitor are at $1.5126 and $1.5233, while support levels are identified at $1.4848 and $1.4323. The healthy trading volume suggests ongoing interest from market participants, but the recent price decline highlights the need for caution. As the market displays mixed signals, it is essential for traders to implement effective risk management strategies to navigate potential volatility and capitalize on price movements.
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #BinanceLaunchpoolHMSTR
{spot}(SUIUSDT)
đš Get Ready for a Life-Changing Opportunity with the $HMSTR Airdrop! đš
Are you prepared to join the ranks of the crypto elite? The buzz is real, and the $HMSTR airdrop could be your golden ticket! Hereâs how to calculate your potential windfall and what it could mean for you:
- 1M PPH = 750,000 $HMSTR
- 2M PPH = 1,500,000 $HMSTR
- 3M PPH = 2,250,000 $HMSTR
- 4M PPH = 3,000,000 $HMSTR
- 5M PPH = 3,750,000 $HMSTR
- 37,500 $HMSTR Ă $0.012 = $450
Here's an updated and engaging version of the post with headings for each topic:
#DODOEmpowersMemeIssuance đ
đ Unveiling DODOâs Unique Features
DODO sets itself apart in the DeFi space with a range of innovative features. From its proactive market maker (PMM) model to its low transaction fees, DODO delivers exceptional value to traders and liquidity providers, making it a go-to platform for decentralized trading.
đ Metaverse Integration: The Next Big Thing
As the Metaverse continues to evolve, DODO is strategically positioned to capture this growing traffic. With multi-chain support and one-click mechanisms, DODO simplifies the integration process, allowing projects to seamlessly connect to the Metaverse and capitalize on its vast opportunities.
đ§ Cutting-Edge Tools for Developers
DODO empowers developers with tools like one-click token issuance, self-initiated mining, and BTCFi pegged assets. These innovations provide a robust foundation for new projects, enabling creators to launch and scale effortlessly in the DeFi ecosystem.
đ Enormous Growth Potential
Backed by top-tier institutions and boasting a lower market cap, DODO offers significant growth potential. As the platform continues to innovate and expand, it stands poised for substantial market gains, making it a compelling option for investors looking to capture future value.#DODO
#BinanceLaunchpoolHMSTR #hamsterkombat24 #HamsterTapTap
HMSTR Team Announced Anti-Cheating Mechanism #TeamSuccess
As there is time before the launch of the second season of this popular tap-to-earn game, the team had already begun working on shortcomings and issues they had faced in the first series. In an attempt to do so, they have launched an anti-cheating mechanism, which will penalize the users which tries to trick the system to win more rewards.
Since its launch, many posts have been published on social media platforms, showcasing people using AI tools and other technologies to win more rewards. However, the team has finally taken it seriously, presenting the new anti-cheating mechanism, which has already begun working.
Many users have already received the platform warning as an achievement reward, calling âCheating is Bad.â It will also impact their eligibility for the upcoming Airdrop. In an X post, the Hamster Kombat team revealed that they want people to learn the importance of doing everything right. Moreover, the team has implemented this mechanism to protect their hard-working players.
Users Took X To Complain of Unfairness #UserEmpowerment
Hamster Kombat and HMSTR hashtags are trending on X with 330k and 19.4K posts, making it the most trending topic from the Business and Finance section. Though the news of the upcoming airdrop and Season 2 has gained thousands of fans to come to X to show appreciation, the biggest reason for these many posts is the userâs disappointment with the anti-cheating mechanism.
Many users have used the X to show their disappointment with the misjudgment in identifying the cheaters. One player has called how this game has wasted his time, whereas the other called how the cheaters are now eligible for the airdrop, but the real players are restricted.
Some have called for justice, as they have spent months playing but will receive nothing after these last-minute notices. The result is that around 37% of the CEOs are only eligible for the Hamster Kombat airdrop.
Crypto Trading: Not Just a Game â Master the Market Before You Invest!âŒïžâŒïž
Jumping into crypto trading with the mindset of quick profits is a recipe for disaster. If youâre a beginner thinking you can just invest today and cash in tomorrow, think again â 99% of newcomers end up losing their savings.
First Step: Observe, Learn, and Strategize!
Here's an updated and engaging version of the post with headings for each topic:
---
đ Unveiling DODOâs Unique Features
DODO sets itself apart in the DeFi space with a range of innovative features. From its proactive market maker (PMM) model to its low transaction fees, DODO delivers exceptional value to traders and liquidity providers, making it a go-to platform for decentralized trading.
đ Metaverse Integration: The Next Big Thing
As the Metaverse continues to evolve, DODO is strategically positioned to capture this growing traffic. With multi-chain support and one-click mechanisms, DODO simplifies the integration process, allowing projects to seamlessly connect to the Metaverse and capitalize on its vast opportunities.
đ§ Cutting-Edge Tools for Developers
DODO empowers developers with tools like one-click token issuance, self-initiated mining, and BTCFi pegged assets. These innovations provide a robust foundation for new projects, enabling creators to launch and scale effortlessly in the DeFi ecosystem.
đ Enormous Growth Potential
Backed by top-tier institutions and boasting a lower market cap, DODO offers significant growth potential. As the platform continues to innovate and expand, it stands poised for substantial market gains, making it a compelling option for investors looking to capture future value.
#DODO #BlockchainInnovation #DODOEmpowersMemeIssuance #begineers #BTCReboundsAfterFOMC
đš đš Charles Hoskinson Sounds Alarm on Trumpâs New DeFi Venture đšđš
Charles Hoskinson, co-founder of Ethereum and Cardano, sounds the alarm over Trumpâs new DeFi venture, World Liberty Financial. He warns that the political divide could create significant hurdles for the crypto sector. Letâs break down what this means.
Trumpâs DeFi Move: Trump, backed by his sons and other developers, launched a decentralized finance (DeFi) platform aimed at bypassing traditional banking systems.
Hoskinsonâs Concerns: He fears this project will face intense political scrutiny due to Trumpâs controversial reputation, particularly from the left.
Regulatory Backlash: Potential investigations by the Department of Justice, IRS, or SEC could ripple across the entire DeFi space, causing industry-wide disruption.
Political Polarization: Hoskinson criticizes Trump for turning crypto, a traditionally bipartisan space, into a partisan issue, risking alienation from half the political spectrum.
Trumpâs Crypto Policy: While Trump promises to make the US a "bitcoin superpower," Hoskinson remains skeptical about his ability to deliver, citing poor staff retention during Trumpâs previous administration.
The US Crypto Future: Hoskinson believes neither Trump nor Harris can effectively foster crypto growth in the US but remains optimistic about legislative efforts with certain senators.
Singapore vs. Hong Kong: Hoskinson praises Singapore for its crypto-friendly approach, warning that Hong Kongâs political integration with China is driving businesses away.
Will Trump's DeFi ambitions help or hurt the crypto industry? Drop a comment and share your thoughts!
đ„đšThese token will give you 10000$ in end of 2024 with 2$ investment đ°đž
MAJOR
hamstr
blum
dodo
let me introduce you with $DODO
Also, check this out đ„ DODO: Transforming Decentralized Finance with Advanced Features
DODO is a cutting-edge decentralized trading platform utilizing the Proactive Market Maker (PMM) algorithm to provide on-chain liquidity for Web3 assets. Unlike traditional Automated Market Makers (AMMs), DODO's PMM algorithm enhances liquidity efficiency, reduces impermanent loss for liquidity providers, and offers competitive pricing for traders, setting it apart in the DeFi space.
Key Features of DODO:
1. PMM Algorithm: This algorithm adjusts asset prices dynamically based on supply and demand, ensuring balanced liquidity and reducing impermanent loss for better capital efficiency.
2. DODO X: A cross-chain trading platform that aggregates liquidity from various sources like DODO pools, Uniswap, and third-party aggregators (1inch, 0xAPI) to find the best rates for seamless cross-chain transactions.
3. DODO Toolbox: Offers token creation and liquidity mining tools. Users can create ERC-20 tokens with customizable features or launch mining campaigns, either through single-token staking or liquidity pools.
4. Crowdpooling: This innovative feature merges crowdfunding with liquidity pool creation, ensuring fair access for investors and protecting against bot manipulation.
5. Stable Pool and Private Pool: The Stable Pool (DSP) focuses on stablecoins and synthetic assets, increasing liquidity efficiency, while the Private Pool (DPP) caters to professional market makers, offering customizable liquidity management.
#DODOEmpowersMemeIssuance $DODO #DODOEmpowersMemeIssuance
Tether (USDT) Sees Significant Supply Increase with $1 Billion Inflow into Stablecoin Market
The total market value of stablecoins has increased from $172.19 billion to $173.23 billion in six days. This growth has been supported by significant increases in the supply of leading stablecoins such as Tether (USDT), Circleâs USDC, and DAI.
Tether alone has increased its supply by 1.5%, adding $380 million since mid-September. Circleâs USDC, on the other hand, has grown by 2.9% in the past six days, with a $130 million increase in supply. At the same time, DAIâs supply has increased by 3.2%, reaching $190 million since mid-September.
First Digitalâs $FDUSD has seen remarkable growth, reaching $2.94 billion in market value by the end of September, up 11%. This increase in capitalization reflects increasing investor confidence and adoption. In addition, smaller stablecoins such as GHO and DEUSD have also shown significant percentage gains. While GHO has gained 26% in the past month, DEUSD has grown 16.6%, demonstrating a diversified development in the stablecoin spectrum.
Contrary to broad market trends, Ethenaâs USDE has seen a significant 14.7% drop in market value since the end of August, with $80 million withdrawn from its supply in the last six days. This sharp decline stands out as a notable departure from the predominantly bullish stablecoin landscape. Understanding the factors behind such a decline can provide deeper insight into market dynamics and investor behavior.
The recent inflow of capital into the stablecoin economy indicates increasing interest and trust in stable digital assets. While leading stablecoins such as Tether and $USDC dominate the market with their steady growth, newer and smaller coins such as FDUSD and GHO are also making significant progress. However, the decline of Ethenaâs USDE is a reminder that volatility and risks still exist in the emerging stablecoin market.
#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto
How I Made $535 in a Day Trading Crypto: My Short-Term Long Strategy Unveiled! đ
Today was one for the books! I made $535 in a single day by executing a short-term long trade in the crypto market. đ The best part? It didnât take hours of screen time or complex strategiesâjust a sharp eye on the market and a clear plan. Hereâs a quick breakdown of how I did it and some tips that might help you do the same:
1. Spot the Right Opportunity: Timing is everything in crypto. I identified a strong support level and a bullish trend forming on my chosen asset. I kept a close eye on volume and momentum indicators to confirm my entry point.
2. Set Clear Targets and Stop Losses: Before entering the trade, I set my profit target and stop loss. This ensures youâre trading with discipline and not emotion. My risk-to-reward ratio was set to 1:3, giving me a solid cushion for profits.
3. Execute and Monitor: I placed the trade and monitored it periodically, making adjustments only when necessary. The key is not to overreact to minor market fluctuations.
4. Take Profit and Repeat: Once my target was hit, I closed the trade and secured my profit. Consistency is key; itâs all about taking small, calculated steps.How I Made $535 in a Day Trading Crypto: My Short-Term Long Strategy Unveiled!
#BTCReboundsAfterFOMC #begineers
đ#DODOEmpowersMemeIssuance đ
Revolutionizing the Meme Coin Game! đđ„ Dive into the world of DODO as it paves the way for the next wave of meme coins and decentralized assets! Hereâs why you should be excited:
1ïžâŁ Unique Features & Use Cases: DODO
offers flexible token creation, customizable liquidity pools, and multi-chain capabilities!
2ïžâŁ One-Click Token Issuance: Launch meme
coins instantly with DODOâs multi-chain token featureâeasy, secure, and scalable!
3ïžâŁ Supporting BTCFi & Meme Coins:
Features like Pegged Pool and mining make DODO ideal for creating new BTCFi and meme assets!
4ïžâŁ High Growth Potential: With strong
backing and a low market cap, DODO is poised for explosive market growth!
Citi and Franklin Templeton Support Solana
Franklin Templeton and Citigroup are using Solana for next-gen financial services, demonstrating the blockchain's rising role in decentralized finance.
At the Solana Breakpoint 2024 event in Singapore, conventional financial (TradFi) institutions expressed growing interest in Solana's scalability and low transaction costs, making it an excellent blockchain for large-scale operations.
Franklin Templeton Blockchain Strategy
Franklin Templeton's Solana mutual fund launch shows its commitment to blockchain technology for operational efficiency.
Franklin Templeton partnership development head Mike Reed stressed Solana's transactional capability and cost effectiveness.
He said, âSolana offers the scalability we need to handle large volumes of ledger entries for a mutual fund, making it the right choice for this initiative.â
The mutual fund will run natively on Solana, solidifying Franklin Templeton's blockchain leadership.
The asset manager manages Bitcoin and Ethereum ETFs on CBOE and views Solana as vital to decentralized finance.
Franklin Templeton and Citibank's interest in Solana shows that large financial firms are examining blockchain to improve processes and save expenses.
For Solana, $146.50 Supports
Solana is stabilizing after hitting $149.46 intraday high and approaching $149.50 barrier. Resistance levels at $152.50 and $157.21 are Fibonacci retracement levels.
Downside support is $146.50, $142.80, and $139.80, where the 50-day EMA ($138.89) gives further safety.
The RSI is almost overbought at 66, suggesting stabilization before further rise.
Key Findings:
Resistance: $149.50 immediate, $152.50 and $157.21 higher.
Support: $146.50 immediate support, 50-day EMA $138.80 backup.
Nearly overbought RSI at 66.47, suggesting short-term consolidation.
Solana's future is good as institutional usage develops, with price hikes predicted if progress continues.
#Solana #SOL $SOL
{spot}(SOLUSDT)