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Cointelegraph
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Ether ETF Approved So Why Aren’t We Rich Yet?
There could be two main reasons why Ether (ETH) has barely moved in price despite the landmark approval of spot Ether exchange-traded funds (ETF) in the United States.
On May 23, the Securities and Exchange Commission approved eight spot Ether ETFs to be listed on their respective exchanges. Ether fell 3.4% just before the news, recovering by around 5% shortly after, and is currently trading at $3,806.
Crypto commentator Zach Rynes argues that the lack of movement reflects the notion that “everyone who wanted to buy the approval already did.”
Ether had already surged 29% over the past week after reports suggested the SEC may have pivoted its stance toward ETF approvals.
Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared for launch, as that will also require an approved S-1 filing — a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer.
VanEck has just sent its amended S-1 filing to the SEC and analysts have been saying could take weeks to months for the re S-1 approvals.
Source: Gabriel Shapir0
Rynes believes the next major price force for Ether will be ETF inflows once they begin trading.
“ETFs haven’t actually launched yet, so net new capital inflow is still to come,” Rynes wrote, with crypto research firm Second Mountain echoing a similar sentiment.
“Expect a massive capital inflow in the first week, potentially reaching billions,” Second Mountain stated in a May 23 X post just before the SEC approved the ETFs.
However, some say it might not immediately lead to an upward trend.
Bitcoin’s price dropped 15% after spot Bitcoin ETFs were approved for trading on Jan. 10. According to CoinMarketCap data, it took 30 days for the price to spike 30% to $51,870.
Related: Ether surges 18% amid new hope for spot Ether ETF approvals
There are also lingering concerns that Grayscale’s announcement of its plans to convert its Grayscale Ethereum Trust (ETHE) into a spot Ether ETF could result in significant outflows — similar to Grayscale Bitcoin Trust (GBTC) after the approval of spot Bitcoin ETFs in January.
“Grayscale also re-filed the ETHE registration they'd withdrawn. Remember GBTC outflows? Now it's $11B+ ETH that’s been trapped for 7 years,” pseudonymous crypto trader Rho Rider warned in a May 23 X post.
Since spot Bitcoin ETFs started trading on Jan. 11, GBTC has shed a total of $17.6 billion in assets, per Farside data.
Relax, Ether is undervalued, say maxis
“ETH is stupidly undervalued,” added independent Ethereum educator Sassal, arguing that the market has had only three days to “price in the ETF approval.”
Ether is up 17.51% over the past 30 days. Source: CoinMarketCap
Meanwhile, Bitcoin (BTC) stumbled slightly by 1.2% to $67,362 following the announcement but has since recovered to $67,706 at the time of writing.
Around the same time, PEPE (PEPE) hit another new all-time high, reaching $0.00001531, a 5% increase within the hour following the approval news.
Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
On May 23, the Securities and Exchange Commission approved eight spot Ether ETFs to be listed on their respective exchanges. Ether fell 3.4% just before the news, recovering by around 5% shortly after, and is currently trading at $3,806.
Crypto commentator Zach Rynes argues that the lack of movement reflects the notion that “everyone who wanted to buy the approval already did.”
Ether had already surged 29% over the past week after reports suggested the SEC may have pivoted its stance toward ETF approvals.
Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared for launch, as that will also require an approved S-1 filing — a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer.
VanEck has just sent its amended S-1 filing to the SEC and analysts have been saying could take weeks to months for the re S-1 approvals.
Source: Gabriel Shapir0
Rynes believes the next major price force for Ether will be ETF inflows once they begin trading.
“ETFs haven’t actually launched yet, so net new capital inflow is still to come,” Rynes wrote, with crypto research firm Second Mountain echoing a similar sentiment.
“Expect a massive capital inflow in the first week, potentially reaching billions,” Second Mountain stated in a May 23 X post just before the SEC approved the ETFs.
However, some say it might not immediately lead to an upward trend.
Bitcoin’s price dropped 15% after spot Bitcoin ETFs were approved for trading on Jan. 10. According to CoinMarketCap data, it took 30 days for the price to spike 30% to $51,870.
Related: Ether surges 18% amid new hope for spot Ether ETF approvals
There are also lingering concerns that Grayscale’s announcement of its plans to convert its Grayscale Ethereum Trust (ETHE) into a spot Ether ETF could result in significant outflows — similar to Grayscale Bitcoin Trust (GBTC) after the approval of spot Bitcoin ETFs in January.
“Grayscale also re-filed the ETHE registration they'd withdrawn. Remember GBTC outflows? Now it's $11B+ ETH that’s been trapped for 7 years,” pseudonymous crypto trader Rho Rider warned in a May 23 X post.
Since spot Bitcoin ETFs started trading on Jan. 11, GBTC has shed a total of $17.6 billion in assets, per Farside data.
Relax, Ether is undervalued, say maxis
“ETH is stupidly undervalued,” added independent Ethereum educator Sassal, arguing that the market has had only three days to “price in the ETF approval.”
Ether is up 17.51% over the past 30 days. Source: CoinMarketCap
Meanwhile, Bitcoin (BTC) stumbled slightly by 1.2% to $67,362 following the announcement but has since recovered to $67,706 at the time of writing.
Around the same time, PEPE (PEPE) hit another new all-time high, reaching $0.00001531, a 5% increase within the hour following the approval news.
Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
🧐🤔 #ETH
LIVECointelegraph
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Ethereum ETF Approvals Becoming 'giant Political Issue' — Joseph Lubin
According to Consensys CEO Joseph Lubin, early-stage applications to launch Ethereum exchange-traded funds (ETFs) in the United States are “as good as done.”
Speaking exclusively to Cointelegraph at DappCon in Berlin, Lubin said several 19b-4 applications filed by BlackRock will be approved by the U.S. Securities and Exchange Commission (SEC). However, their launch to the public could be a more protracted process.
“These 19- b4's from the exchanges, I think that’s as good as done,” Lubin said.
“But the S1's, essentially these new ETFs going public, that could drag on for a while. It's not clear that it will. My guess is this is now a giant political issue.”
According to Lubin, Donald Trump’s presidential campaign representatives have also been talking to cryptocurrency ecosystem participants for over two months.
“That’s what we’ve heard. They’re trying to formulate a strategy, considering there are some really savvy supporters on the Democratic side. I believe that the presidential campaign and others will want to appear pro-crypto,” Lubin said.
Ethereum co-founder Joseph Lubin onstage at DappCon in Berlin. Source: Gareth Jenkinson
The Ethereum co-founder added that the SEC is now under strong pressure to adopt a more neutral stance as the U.S. presidential elections draw closer. Lubin said that the potential approval of Ether (ETH) ETFs would “hopefully” turn the SEC into a “thoughtful regulator.”
“If 40%, 50%, or 60% of the voting public have digital assets, you don’t want to stomp on their portfolios. You don’t want to stomp on institutions, pension funds or other kinds of conserved funds,” Lubin added.
Consensys takes the fight to the SEC
Consensys announced in April that it was launching legal proceedings against the SEC for what Lubin has described as an undisclosed internal move to reclassify Ether as a security.
Lubin said that dealings with the previous SEC regime headed by Jay Clayton were more constructive. Prior conversations with the regulator afforded more discourse over whether Ether and other cryptocurrencies should be classified as securities.
Related: SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
According to the CEO, the situation changed when Gary Gensler took over as SEC chairman. Lubin said that high-level banking and government factions had worked together to co-opt the Ethereum ecosystem.
“That’s our working hypothesis. By co-opt, I mean make it into American-style decentralization where everybody has to come register. Maybe introduce some backdoors in the cryptography,” Lubin elaborated.
Over the course of two years, Consensys has acquiesced to SEC requests, providing more than 100,000 pages of documentation to the regulator. A decision to preempt further legal action against the SEC was taken due to growing concerns that the regulator was shifting its crosshairs over MetaMask, staking, developers, the Ethereum protocol and its move to proof-of-stake consensus.
Related: ‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings
Lubin said the SEC’s lawsuits against Binance and Coinbase for allegedly offering unregistered securities and subsequent Wells notice letters issued to ecosystem players like Uniswap provided the impetus for Consensys’ decision to take on the securities regulator.
“We were told that there would be a Wells notice coming, and we're certain that they were going to follow through and sue us. So we went ahead and crafted an action.”
As Lubin explained, the decision puts Consensys on the front foot to push for critical answers over the SEC’s actions over the past year. It also means that Gensler may have to give a definitive stance over whether Ether is being viewed as a commodity or security.
“Everybody keeps saying it’s a commodity. Yet he can’t bring himself to say that it’s a security. He’s punishing everybody in our ecosystem as though they’ve already determined internally, secretly, that it is a security,” Lubin added.
SEC gaslighted Ethereum in America
The SEC’s stance on cryptocurrencies, and Ethereum in particular, has led Lubin to believe that it is intent on regulating technology and developers. This is far from the institution’s mandate to regulate securities.
Lubin said the SEC’s stance has “gaslit” the sector and perpetuated a cloud of regulatory uncertainty. Nevertheless, Consensys is “all in” on taking the fight to the SEC and was ready to spend tens of millions of dollars on it legal battle.
Magazine: Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower
Speaking exclusively to Cointelegraph at DappCon in Berlin, Lubin said several 19b-4 applications filed by BlackRock will be approved by the U.S. Securities and Exchange Commission (SEC). However, their launch to the public could be a more protracted process.
“These 19- b4's from the exchanges, I think that’s as good as done,” Lubin said.
“But the S1's, essentially these new ETFs going public, that could drag on for a while. It's not clear that it will. My guess is this is now a giant political issue.”
According to Lubin, Donald Trump’s presidential campaign representatives have also been talking to cryptocurrency ecosystem participants for over two months.
“That’s what we’ve heard. They’re trying to formulate a strategy, considering there are some really savvy supporters on the Democratic side. I believe that the presidential campaign and others will want to appear pro-crypto,” Lubin said.
Ethereum co-founder Joseph Lubin onstage at DappCon in Berlin. Source: Gareth Jenkinson
The Ethereum co-founder added that the SEC is now under strong pressure to adopt a more neutral stance as the U.S. presidential elections draw closer. Lubin said that the potential approval of Ether (ETH) ETFs would “hopefully” turn the SEC into a “thoughtful regulator.”
“If 40%, 50%, or 60% of the voting public have digital assets, you don’t want to stomp on their portfolios. You don’t want to stomp on institutions, pension funds or other kinds of conserved funds,” Lubin added.
Consensys takes the fight to the SEC
Consensys announced in April that it was launching legal proceedings against the SEC for what Lubin has described as an undisclosed internal move to reclassify Ether as a security.
Lubin said that dealings with the previous SEC regime headed by Jay Clayton were more constructive. Prior conversations with the regulator afforded more discourse over whether Ether and other cryptocurrencies should be classified as securities.
Related: SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
According to the CEO, the situation changed when Gary Gensler took over as SEC chairman. Lubin said that high-level banking and government factions had worked together to co-opt the Ethereum ecosystem.
“That’s our working hypothesis. By co-opt, I mean make it into American-style decentralization where everybody has to come register. Maybe introduce some backdoors in the cryptography,” Lubin elaborated.
Over the course of two years, Consensys has acquiesced to SEC requests, providing more than 100,000 pages of documentation to the regulator. A decision to preempt further legal action against the SEC was taken due to growing concerns that the regulator was shifting its crosshairs over MetaMask, staking, developers, the Ethereum protocol and its move to proof-of-stake consensus.
Related: ‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings
Lubin said the SEC’s lawsuits against Binance and Coinbase for allegedly offering unregistered securities and subsequent Wells notice letters issued to ecosystem players like Uniswap provided the impetus for Consensys’ decision to take on the securities regulator.
“We were told that there would be a Wells notice coming, and we're certain that they were going to follow through and sue us. So we went ahead and crafted an action.”
As Lubin explained, the decision puts Consensys on the front foot to push for critical answers over the SEC’s actions over the past year. It also means that Gensler may have to give a definitive stance over whether Ether is being viewed as a commodity or security.
“Everybody keeps saying it’s a commodity. Yet he can’t bring himself to say that it’s a security. He’s punishing everybody in our ecosystem as though they’ve already determined internally, secretly, that it is a security,” Lubin added.
SEC gaslighted Ethereum in America
The SEC’s stance on cryptocurrencies, and Ethereum in particular, has led Lubin to believe that it is intent on regulating technology and developers. This is far from the institution’s mandate to regulate securities.
Lubin said the SEC’s stance has “gaslit” the sector and perpetuated a cloud of regulatory uncertainty. Nevertheless, Consensys is “all in” on taking the fight to the SEC and was ready to spend tens of millions of dollars on it legal battle.
Magazine: Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower
Voir l’original
#FIT21 US Senator Cynthia Lummis says: "There is a bipartisan majority in favor of crypto in both houses of Congress. The future is bright." Source: Watcher.Guru
Voir l’original
BREAKING NEWS: White House will not threaten to veto FIT21 crypto bill. Source:uzmancoin
#FIT21 It offers the United States an opportunity to continue the conversation on how best to create a clear regulatory framework for digital assets.
For the USA, the 21st Century Act is the Financial Innovation and Technology act.
#FIT21 It offers the United States an opportunity to continue the conversation on how best to create a clear regulatory framework for digital assets.
For the USA, the 21st Century Act is the Financial Innovation and Technology act.
Voir l’original
In the previous post, I explained the indicators and their explanations in the stock market. This is a follow up post. #RSI #fibonachi #BOLLlNGER
5. Moving Averages Moving averages show the average of prices over a certain period of time. There are two main types: Simple Moving Average (SMA) and Exponential Moving Average (EMA). Moving averages are used to determine trend direction and analyze support and resistance levels.
6. Stochastic Oscillator The stochastic oscillator measures the position of an asset's closing price relative to its price range within a certain time period. It takes values between 0 and 100. Generally, above 80 is considered overbought and below 20 is considered oversold. This oscillator is used to predict trend reversals.
7. ATR (Average True Range) ATR measures the volatility in the price of an asset. It is calculated by averaging the “true ranges” over a certain period of time. ATR helps understand the magnitude of price fluctuations and how volatile the market is.
8. ADX (Average Directional Index) ADX is used to measure the strength of a trend, but it does not determine its direction. It takes values between 0 and 100. Generally, values below 20 are considered a weak trend, and values above 40 are considered a strong trend. ADX is used in trend-based strategies to evaluate whether the trend will continue or not.
These indicators are used to develop various strategies and make more informed investment decisions when analyzing the stock market. Each provides different information to understand specific market conditions and are often used together to provide more comprehensive analysis
5. Moving Averages Moving averages show the average of prices over a certain period of time. There are two main types: Simple Moving Average (SMA) and Exponential Moving Average (EMA). Moving averages are used to determine trend direction and analyze support and resistance levels.
6. Stochastic Oscillator The stochastic oscillator measures the position of an asset's closing price relative to its price range within a certain time period. It takes values between 0 and 100. Generally, above 80 is considered overbought and below 20 is considered oversold. This oscillator is used to predict trend reversals.
7. ATR (Average True Range) ATR measures the volatility in the price of an asset. It is calculated by averaging the “true ranges” over a certain period of time. ATR helps understand the magnitude of price fluctuations and how volatile the market is.
8. ADX (Average Directional Index) ADX is used to measure the strength of a trend, but it does not determine its direction. It takes values between 0 and 100. Generally, values below 20 are considered a weak trend, and values above 40 are considered a strong trend. ADX is used in trend-based strategies to evaluate whether the trend will continue or not.
These indicators are used to develop various strategies and make more informed investment decisions when analyzing the stock market. Each provides different information to understand specific market conditions and are often used together to provide more comprehensive analysis
Voir l’original
Basic indicators used in the stock market are tools that help investors analyze market movements and make buying and selling decisions. The main ones and their explanations: #RSI #BOLLINGER #fibonachi Continued in the 2nd POST
1. RSI (Relative Strength Index) RSI is a momentum oscillator calculated by the average of the last closing prices of an asset. It takes values between 0 and 100. Generally, above 70 is considered overbought, and below 30 is considered oversold. RSI is used to determine when prices enter overbought or oversold territory.
2. MACD (Moving Average Convergence Divergence) MACD shows the relationship between two moving averages and helps determine the direction and strength of the trend. The MACD includes a “MACD line” (usually calculated by subtracting the 26-day EMA from the 12-day EMA), a “signal line” (usually the 9-day EMA), and a “MACD histogram.” This indicator is used to determine buying and selling points with signals such as crossover and histogram crossing the zero line.
3. Fibonacci Retracement (Fibonacci Retracement Levels) Fibonacci retracement levels are used to determine possible retracement (correction) levels in the price movements of an asset. These levels are calculated based on Fibonacci ratios (0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 100%). Investors make buying and selling decisions by using these levels as support and resistance points.
4. Bollinger Bands Bollinger Bands consist of bands drawn at a distance of two standard deviations around the average of prices (usually the 20-day SMA). The widening of the bands indicates that volatility is increasing, and the narrowing of the bands indicates that volatility is decreasing. When prices approach the upper band, it is interpreted as an overbought signal, and when prices approach the lower band, it is interpreted as an oversold signal.
1. RSI (Relative Strength Index) RSI is a momentum oscillator calculated by the average of the last closing prices of an asset. It takes values between 0 and 100. Generally, above 70 is considered overbought, and below 30 is considered oversold. RSI is used to determine when prices enter overbought or oversold territory.
2. MACD (Moving Average Convergence Divergence) MACD shows the relationship between two moving averages and helps determine the direction and strength of the trend. The MACD includes a “MACD line” (usually calculated by subtracting the 26-day EMA from the 12-day EMA), a “signal line” (usually the 9-day EMA), and a “MACD histogram.” This indicator is used to determine buying and selling points with signals such as crossover and histogram crossing the zero line.
3. Fibonacci Retracement (Fibonacci Retracement Levels) Fibonacci retracement levels are used to determine possible retracement (correction) levels in the price movements of an asset. These levels are calculated based on Fibonacci ratios (0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 100%). Investors make buying and selling decisions by using these levels as support and resistance points.
4. Bollinger Bands Bollinger Bands consist of bands drawn at a distance of two standard deviations around the average of prices (usually the 20-day SMA). The widening of the bands indicates that volatility is increasing, and the narrowing of the bands indicates that volatility is decreasing. When prices approach the upper band, it is interpreted as an overbought signal, and when prices approach the lower band, it is interpreted as an oversold signal.
Voir l’original
While the current price of Bitcoin #BTC is 69,730 USD (May 22, 2024), short, medium term technical analysis.
Short Term Analysis (1 Day - 1 Month)
Support and Resistance Levels:
• Support: USD 68,000 (an important short-term support level)
• Resistance: USD 71,500 (Fibonacci 23.6% retracement level)
Indicators:
• RSI (14): 65, approaching the overbought zone, could be a potential pullback signal.
• MACD: In the positive zone, the MACD line is above the signal line, supporting the short-term uptrend.
• Bollinger Bands: Price is moving close to the upper band, which could signal a possible pullback or short-term correction.
• Fibonacci Retracement: Levels measured from the last high ($71,500) to the last low ($66,000):
• 23.6%: 68,500 USD
• 38.2%: 69,500 USD
• 50%: 70,750 USD
• 61.8%: 71,500 USD
Medium Term Analysis (1 Month - 6 Months)
Support and Resistance Levels:
• Support: 65,000 USD (Fibonacci 38.2% retracement level)
• Resistance: USD 75,000 (previous highs and psychological resistance)
Indicators:
• RSI (14): 58, neutral to slightly bullish in the medium term.
• MACD: In a slight uptrend, the MACD line is just above the signal line.
• Fibonacci Retracement: Significant levels between annual lows (45,000 USD) and highs (75,000 USD):
• 23.6%: 66,300 USD
• 38.2%: 65,000 USD
• 50%: 60,000 USD
• 61.8%: 55,000 USD
This analysis is not investment advice and it is important to do your own research before investing. Additionally, since market conditions and news flows are constantly changing, it will be useful to conduct regular analysis with up-to-date data.
Short Term Analysis (1 Day - 1 Month)
Support and Resistance Levels:
• Support: USD 68,000 (an important short-term support level)
• Resistance: USD 71,500 (Fibonacci 23.6% retracement level)
Indicators:
• RSI (14): 65, approaching the overbought zone, could be a potential pullback signal.
• MACD: In the positive zone, the MACD line is above the signal line, supporting the short-term uptrend.
• Bollinger Bands: Price is moving close to the upper band, which could signal a possible pullback or short-term correction.
• Fibonacci Retracement: Levels measured from the last high ($71,500) to the last low ($66,000):
• 23.6%: 68,500 USD
• 38.2%: 69,500 USD
• 50%: 70,750 USD
• 61.8%: 71,500 USD
Medium Term Analysis (1 Month - 6 Months)
Support and Resistance Levels:
• Support: 65,000 USD (Fibonacci 38.2% retracement level)
• Resistance: USD 75,000 (previous highs and psychological resistance)
Indicators:
• RSI (14): 58, neutral to slightly bullish in the medium term.
• MACD: In a slight uptrend, the MACD line is just above the signal line.
• Fibonacci Retracement: Significant levels between annual lows (45,000 USD) and highs (75,000 USD):
• 23.6%: 66,300 USD
• 38.2%: 65,000 USD
• 50%: 60,000 USD
• 61.8%: 55,000 USD
This analysis is not investment advice and it is important to do your own research before investing. Additionally, since market conditions and news flows are constantly changing, it will be useful to conduct regular analysis with up-to-date data.
Voir l’original
#BTC long term technical analysis. The next post will be short and medium term technical analysis. Good luck 🌟🌟
Long Term Analysis (6 Months - 1 Year and Above)
Support and Resistance Levels:
- Support: 50,000 USD (important long-term support level and 200-week moving average)
- Resistance: 85,000 USD (historical highs and strong resistance zone)
Indicators:
- RSI (14):70 is in the overbought zone, there may be a risk of a correction in the long term.
- MACD: In the strong positive zone, the long-term bullish trend continues.
- Fibonacci Retracement: Important levels between the historical low (10,000 USD) and the historical high (75,000 USD):
- 23.6%: 55,000 USD
- 38.2%: 40,000 USD
- 50%: 32,500 USD
- 61.8%: 25,000 USD
### General Comment
**Short term:**
- **Support:** 68,000 USD
- **Resistance:** 71,500 USD
- **RSI:** 65, should be watched carefully, close to the overbought zone.
**Medium Term:**
- **Support:** 65,000 USD
- **Resistance:** 75,000 USD
- **RSI:** 58, neutral to bullish in the medium term.
**Long-term:**
- **Support:** 50,000 USD
- **Resistance:** 85,000 USD
- **RSI:** 70, in the overbought zone, potential correction risk.
This analysis is not investment advice and it is important to do your own research before investing. Additionally, since market conditions and news flows are constantly changing, it will be useful to conduct regular analysis with up-to-date data.
Long Term Analysis (6 Months - 1 Year and Above)
Support and Resistance Levels:
- Support: 50,000 USD (important long-term support level and 200-week moving average)
- Resistance: 85,000 USD (historical highs and strong resistance zone)
Indicators:
- RSI (14):70 is in the overbought zone, there may be a risk of a correction in the long term.
- MACD: In the strong positive zone, the long-term bullish trend continues.
- Fibonacci Retracement: Important levels between the historical low (10,000 USD) and the historical high (75,000 USD):
- 23.6%: 55,000 USD
- 38.2%: 40,000 USD
- 50%: 32,500 USD
- 61.8%: 25,000 USD
### General Comment
**Short term:**
- **Support:** 68,000 USD
- **Resistance:** 71,500 USD
- **RSI:** 65, should be watched carefully, close to the overbought zone.
**Medium Term:**
- **Support:** 65,000 USD
- **Resistance:** 75,000 USD
- **RSI:** 58, neutral to bullish in the medium term.
**Long-term:**
- **Support:** 50,000 USD
- **Resistance:** 85,000 USD
- **RSI:** 70, in the overbought zone, potential correction risk.
This analysis is not investment advice and it is important to do your own research before investing. Additionally, since market conditions and news flows are constantly changing, it will be useful to conduct regular analysis with up-to-date data.
Voir l’original
Solana (SOL) Price Forecast - Detailed Technical Analysis (Short, Medium and Long Term
Solana (SOL) is a popular cryptocurrency that has experienced incredible price growth over the past year. In this analysis, we will examine the short-term (1-3 months), medium-term (3-12 months) and long-term (more than 12 months) predictions of the SOL price in the light of technical indicators and past price movements.
Short Term Forecast (1-3 Months):
· Possibility of Correction: After the rapid rise in the last 2 months, it is predicted that the SOL price may experience a correction in the short term. This correction could push the price back towards the $150-180 range.
· Support Levels: The $150 and $160 levels are considered important support levels for SOL price. The price may bounce from these levels and continue the uptrend.
· Indicators: Indicators show some overbought in the short term. A downward turn in indicators such as RSI and MACD may indicate that a correction is imminent.
Medium Term Forecast (3-12 Months):
· Staying Above $200: After the correction, SOL price is expected to continue to stay above $200 and rise as high as $250.
· Moving Averages: If the price remains above the 200-day and 50-day moving averages, it will indicate that the upward trend continues.
· Volume: Increasing volume will indicate that buyer interest is strong and the price may continue to rise.
Long Term Forecast (More Than 12 Months):
· $300 and Above: In the long run, it is possible for the SOL price to reach $300 and above and even exceed $500.
· Institutional Interest: Increasing institutional interest is an important factor that can push the SOL price up in the long run.
· Network Development: The development and increased use of the Solana network will also have a positive impact on the price.
Conclusion:
Solana is a promising cryptocurrency with long-term potential
Remember: Cryptocurrency investments are quite risky. It is not investment advice.
Solana (SOL) is a popular cryptocurrency that has experienced incredible price growth over the past year. In this analysis, we will examine the short-term (1-3 months), medium-term (3-12 months) and long-term (more than 12 months) predictions of the SOL price in the light of technical indicators and past price movements.
Short Term Forecast (1-3 Months):
· Possibility of Correction: After the rapid rise in the last 2 months, it is predicted that the SOL price may experience a correction in the short term. This correction could push the price back towards the $150-180 range.
· Support Levels: The $150 and $160 levels are considered important support levels for SOL price. The price may bounce from these levels and continue the uptrend.
· Indicators: Indicators show some overbought in the short term. A downward turn in indicators such as RSI and MACD may indicate that a correction is imminent.
Medium Term Forecast (3-12 Months):
· Staying Above $200: After the correction, SOL price is expected to continue to stay above $200 and rise as high as $250.
· Moving Averages: If the price remains above the 200-day and 50-day moving averages, it will indicate that the upward trend continues.
· Volume: Increasing volume will indicate that buyer interest is strong and the price may continue to rise.
Long Term Forecast (More Than 12 Months):
· $300 and Above: In the long run, it is possible for the SOL price to reach $300 and above and even exceed $500.
· Institutional Interest: Increasing institutional interest is an important factor that can push the SOL price up in the long run.
· Network Development: The development and increased use of the Solana network will also have a positive impact on the price.
Conclusion:
Solana is a promising cryptocurrency with long-term potential
Remember: Cryptocurrency investments are quite risky. It is not investment advice.
Voir l’original
#SOL Comments for the Last 2 Months and the Next Months
Last 2 Months (March - May 2024):
· March: SOL price increased from $130 in February to $180 in March. This represents an increase of 38%.
· April: In April, the SOL price reached an all-time high, rising above $200. This represents an 11% increase compared to March.
· May: During the first two weeks of May, the SOL price remained above $200.
Factors affecting the SOL price in the last 2 months:
· Increase in prices of other cryptocurrencies such as Bitcoin and Ethereum.
· Solana gaining corporate attention.
· Increased Solana's network activity.
Expectations for the Next Months:
· Short-term: It is predicted that SOL price may experience a correction in the short term and return to the $150-180 range.
· In the medium term: SOL price is expected to continue to stay above $200 and rise as high as $250.
· In the long term: It is possible for SOL price to reach $300 and above and even exceed $500.
However, the cryptocurrency market is highly volatile and prices can change suddenly. Therefore, it is important to do your own research and evaluate the risks before investing in Solana.
Last 2 Months (March - May 2024):
· March: SOL price increased from $130 in February to $180 in March. This represents an increase of 38%.
· April: In April, the SOL price reached an all-time high, rising above $200. This represents an 11% increase compared to March.
· May: During the first two weeks of May, the SOL price remained above $200.
Factors affecting the SOL price in the last 2 months:
· Increase in prices of other cryptocurrencies such as Bitcoin and Ethereum.
· Solana gaining corporate attention.
· Increased Solana's network activity.
Expectations for the Next Months:
· Short-term: It is predicted that SOL price may experience a correction in the short term and return to the $150-180 range.
· In the medium term: SOL price is expected to continue to stay above $200 and rise as high as $250.
· In the long term: It is possible for SOL price to reach $300 and above and even exceed $500.
However, the cryptocurrency market is highly volatile and prices can change suddenly. Therefore, it is important to do your own research and evaluate the risks before investing in Solana.
Voir l’original
#SOL Let's interpret the long-term chart analysis in the light of data and popular indicators. It will continue IN 3 POSTS.
General view:
· Monthly Chart:#SOLUSDThas been experiencing a significant upward trend in the last year. While it was below $20 in December 2021, it rose to over $200 in May 2024. This represents an increase of more than 900%.
· Yearly Chart: Longer term,#SOLUSDTis trading for less than $1 at the beginning of 2020. This corresponds to a 200-fold increase in the last four years.
Comment:
Solana has experienced an incredible price increase in the last year. Technical indicators show that buyer pressure still prevails and the price may continue to rise.
However, it is also important to note that SOLUSDT is currently in a slightly overbought zone and the price may experience a correction in the short term
General view:
· Monthly Chart:#SOLUSDThas been experiencing a significant upward trend in the last year. While it was below $20 in December 2021, it rose to over $200 in May 2024. This represents an increase of more than 900%.
· Yearly Chart: Longer term,#SOLUSDTis trading for less than $1 at the beginning of 2020. This corresponds to a 200-fold increase in the last four years.
Comment:
Solana has experienced an incredible price increase in the last year. Technical indicators show that buyer pressure still prevails and the price may continue to rise.
However, it is also important to note that SOLUSDT is currently in a slightly overbought zone and the price may experience a correction in the short term
Voir l’original
Meme coins currently popular and traded on the Avalanche (#AVAX ) network may include:
Elongate
ApeCoin (APE)
Rumble (RMBL)
Spore Finance (SPORE)
AVME (AVME)
In the Avalanche network, the number of meme coins may constantly change and new projects may emerge. However, it is still important to research the project and its team carefully before investing. Since Meme coins can often be high risk and volatile, you should be careful and evaluate the risks before investing.
Elongate
ApeCoin (APE)
Rumble (RMBL)
Spore Finance (SPORE)
AVME (AVME)
In the Avalanche network, the number of meme coins may constantly change and new projects may emerge. However, it is still important to research the project and its team carefully before investing. Since Meme coins can often be high risk and volatile, you should be careful and evaluate the risks before investing.
Voir l’original
Currently the most popular #BSC Binance Smart Chain) meme coins are:
#SafeMoon#SAFEMOON#DogeToken #DOGET#ShibaInu #SHIB
Kishu Inu #KISHU
Akita Inu #AKITA
These are the most traded and popular meme coins on the BSC network. However, you should always be careful and do your own research before investing. Since Meme coins are generally very volatile, you can make big gains but also experience big losses.YTD
#SafeMoon#SAFEMOON#DogeToken #DOGET#ShibaInu #SHIB
Kishu Inu #KISHU
Akita Inu #AKITA
These are the most traded and popular meme coins on the BSC network. However, you should always be careful and do your own research before investing. Since Meme coins are generally very volatile, you can make big gains but also experience big losses.YTD
Voir l’original
Among the best meme coins on the#Basenetwork, the following stand out:
1. **Toshi (TOSHI)**: Inspired by Brian Armstrong's cat and Satoshi Nakamoto, the creator of Bitcoin. This coin, which has a large market cap, focuses on sustainability and long-term growth. It aims to be the 'face' of Base by providing advanced services.
2. **Mochi (MOCHI)**: Named after Coinbase CEO Brian Armstrong's cat, this coin represents the rise of 🐈-themed meme coins. With an active community and a strong presence on social media, Mochi has seen significant gains.
3. **Doginme (DOGINME)**: Inspired by a speech of Farcaster's founder, this coin has zero tax and immutable contract features. Its market capitalization is over $53 million and its trading volume is quite high.
4. **Coinye West (COINYE)**: A humorous reference to Kanye West, this coin is gaining attention among investors and has significant growth potential. Its market value is around $42 million.
5. **Base God (TYBG)**: Launched in February 2024, this coin brought significant profits to its investors. Its current market capitalization is around $45 million and offers an attractive entry point for investors.
These coins have gained popularity on the Base network and are attracting interest among investors. Each stands out for its community support and innovative approaches.
1. **Toshi (TOSHI)**: Inspired by Brian Armstrong's cat and Satoshi Nakamoto, the creator of Bitcoin. This coin, which has a large market cap, focuses on sustainability and long-term growth. It aims to be the 'face' of Base by providing advanced services.
2. **Mochi (MOCHI)**: Named after Coinbase CEO Brian Armstrong's cat, this coin represents the rise of 🐈-themed meme coins. With an active community and a strong presence on social media, Mochi has seen significant gains.
3. **Doginme (DOGINME)**: Inspired by a speech of Farcaster's founder, this coin has zero tax and immutable contract features. Its market capitalization is over $53 million and its trading volume is quite high.
4. **Coinye West (COINYE)**: A humorous reference to Kanye West, this coin is gaining attention among investors and has significant growth potential. Its market value is around $42 million.
5. **Base God (TYBG)**: Launched in February 2024, this coin brought significant profits to its investors. Its current market capitalization is around $45 million and offers an attractive entry point for investors.
These coins have gained popularity on the Base network and are attracting interest among investors. Each stands out for its community support and innovative approaches.
Voir l’original
Among the best coins and meme coins based on #SOL , there are a few notable options at the moment:
1. **Sealana (#SEAL)**: This newly launched meme coin with a strong community is inspired by the South Park character and built on Solana's fast blockchain. Due to Sealana's potential viral success, it is becoming popular among investors.
2. **Dogeverse (#DOGEVERSE)**: This multi-chain meme coin operates on six major blockchains (Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, and Base). Dogeverse has a strong community and cross-chain support and is gaining a lot of traction.
3. **Bonk (#BONK)**: The biggest meme coin in the Solana ecosystem, Bonk has brought huge profits to investors since its inception. Its high transaction speed and large community make Bonk a remarkable investment option.
4. **Myro (MYRO)**: Inspired by Solana's co-founder Raj Gokal's dog, Myro is more than just a meme coin, it has various uses. Myro facilitates transactions on the Solana network and allows users to interact with cNFTs (fractional NFTs).
5. **Dogwifhat (#WIF🔥 WIF)**: This meme coin has gained significant popularity on the Solana network. Dogwifhat has attracted great interest among investors and is listed on major exchanges.
6. **Slothana (#SLOTH)**: This newly launched meme coin that has built a large community is quickly gaining popularity and is expected to attract more investors in the future.
These coins are among the projects that offer potentially high returns in the Solana ecosystem. It is important to always do detailed research and consider the risks before investing.
1. **Sealana (#SEAL)**: This newly launched meme coin with a strong community is inspired by the South Park character and built on Solana's fast blockchain. Due to Sealana's potential viral success, it is becoming popular among investors.
2. **Dogeverse (#DOGEVERSE)**: This multi-chain meme coin operates on six major blockchains (Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, and Base). Dogeverse has a strong community and cross-chain support and is gaining a lot of traction.
3. **Bonk (#BONK)**: The biggest meme coin in the Solana ecosystem, Bonk has brought huge profits to investors since its inception. Its high transaction speed and large community make Bonk a remarkable investment option.
4. **Myro (MYRO)**: Inspired by Solana's co-founder Raj Gokal's dog, Myro is more than just a meme coin, it has various uses. Myro facilitates transactions on the Solana network and allows users to interact with cNFTs (fractional NFTs).
5. **Dogwifhat (#WIF🔥 WIF)**: This meme coin has gained significant popularity on the Solana network. Dogwifhat has attracted great interest among investors and is listed on major exchanges.
6. **Slothana (#SLOTH)**: This newly launched meme coin that has built a large community is quickly gaining popularity and is expected to attract more investors in the future.
These coins are among the projects that offer potentially high returns in the Solana ecosystem. It is important to always do detailed research and consider the risks before investing.
Voir l’original
#MEME Reasons for the rise of coins: #DOGE #SHIBA #FLOKI #PEPE
1. **Pump and Dumping Strategies**: Some groups of investors may use “pump and dump” strategies to artificially raise the price of a particular cryptocurrency. These groups make coordinated purchases, driving the price up quickly, and then make a profit by selling at the higher price, often causing the price to fall again.
2. **Social Media and Hype**: Social media platforms and influencers can speak heavily positively about certain cryptocurrencies, especially on channels such as Twitter, Reddit and TikTok. Such posts can attract the attention of large audiences and lead to sudden and high-volume purchases.
3. **Low Market Cap**: Meme coins generally have a low market cap, making their prices less manipulable with capital. Even small investments can cause large fluctuations in the prices of such coins.
4. **Speculation and Gambling Tendency**: In the cryptocurrency market, some investors turn to high-risk investments in the hope of making quick profits. Meme coins are often seen as an attractive option for such speculative and risky investments.
5. **New Project Announcements and Collaborations**: When the project behind a meme coin announces a new product or collaboration, these announcements may lead to a price increase. Investors may buy with the expectation that such news will increase value in the future.
6. **Market Manipulation**: In some cases, certain individuals or groups may manipulate the market by spreading fake news or using trading bots. This may result in artificial price increases.
It is important to remember that price movements of meme coins are generally short-lived and speculative. Investors should be aware that they are at great risk when investing in such assets and prices can fall rapidly.
1. **Pump and Dumping Strategies**: Some groups of investors may use “pump and dump” strategies to artificially raise the price of a particular cryptocurrency. These groups make coordinated purchases, driving the price up quickly, and then make a profit by selling at the higher price, often causing the price to fall again.
2. **Social Media and Hype**: Social media platforms and influencers can speak heavily positively about certain cryptocurrencies, especially on channels such as Twitter, Reddit and TikTok. Such posts can attract the attention of large audiences and lead to sudden and high-volume purchases.
3. **Low Market Cap**: Meme coins generally have a low market cap, making their prices less manipulable with capital. Even small investments can cause large fluctuations in the prices of such coins.
4. **Speculation and Gambling Tendency**: In the cryptocurrency market, some investors turn to high-risk investments in the hope of making quick profits. Meme coins are often seen as an attractive option for such speculative and risky investments.
5. **New Project Announcements and Collaborations**: When the project behind a meme coin announces a new product or collaboration, these announcements may lead to a price increase. Investors may buy with the expectation that such news will increase value in the future.
6. **Market Manipulation**: In some cases, certain individuals or groups may manipulate the market by spreading fake news or using trading bots. This may result in artificial price increases.
It is important to remember that price movements of meme coins are generally short-lived and speculative. Investors should be aware that they are at great risk when investing in such assets and prices can fall rapidly.
Voir l’original
#ETH and #SOL Which one is a more profitable investment in the future?
**Ethereum:**
1. **DeFi and NFT Leadership:** Ethereum is a leader in the field of decentralized finance (DeFi) and NFT, and the majority of projects in these areas are built on Ethereum. This provides high usage and demand for Ethereum.
2. **Security and Decentralization:** Ethereum has a more mature ecosystem in terms of security and decentralization. It aims to increase security and efficiency by switching to the Proof of Stake (PoS) mechanism with Ethereum 2.0.
3. **High Gas Fees:** Ethereum has been criticized for its high transaction fees (gas fees), but this also shows that the network is in high demand.
**Solana:**
1. **Speed and Low Fees:** Solana stands out with its high transaction speed and low transaction fees. This is especially advantageous for performance-demanding applications such as high-frequency trading and gaming.
2. **NFT and DeFi Growth:** Solana is experiencing rapid growth in the DeFi and NFT spaces. Lower transaction fees attract users and projects.
3. **Network Issues:** Solana has experienced network outages and performance issues in the past. Such issues can affect reliability, but Solana continues to make improvements in this area.
**General evaluation:**
- **Ethereum:** It has the potential to remain strong in the long term with its more secure and decentralized structure, large user base and developer support.
- **Solana:** It offers a fast-growing ecosystem with the advantages of high speed and low fees, but it needs improvements in network reliability.
As a result, while Ethereum stands out as a more established and secure option, Solana offers a fast-growing alternative with its innovative structure and performance advantages. Since both platforms have different strengths, it is important to make your investment decisions by taking these factors into consideration.
**Ethereum:**
1. **DeFi and NFT Leadership:** Ethereum is a leader in the field of decentralized finance (DeFi) and NFT, and the majority of projects in these areas are built on Ethereum. This provides high usage and demand for Ethereum.
2. **Security and Decentralization:** Ethereum has a more mature ecosystem in terms of security and decentralization. It aims to increase security and efficiency by switching to the Proof of Stake (PoS) mechanism with Ethereum 2.0.
3. **High Gas Fees:** Ethereum has been criticized for its high transaction fees (gas fees), but this also shows that the network is in high demand.
**Solana:**
1. **Speed and Low Fees:** Solana stands out with its high transaction speed and low transaction fees. This is especially advantageous for performance-demanding applications such as high-frequency trading and gaming.
2. **NFT and DeFi Growth:** Solana is experiencing rapid growth in the DeFi and NFT spaces. Lower transaction fees attract users and projects.
3. **Network Issues:** Solana has experienced network outages and performance issues in the past. Such issues can affect reliability, but Solana continues to make improvements in this area.
**General evaluation:**
- **Ethereum:** It has the potential to remain strong in the long term with its more secure and decentralized structure, large user base and developer support.
- **Solana:** It offers a fast-growing ecosystem with the advantages of high speed and low fees, but it needs improvements in network reliability.
As a result, while Ethereum stands out as a more established and secure option, Solana offers a fast-growing alternative with its innovative structure and performance advantages. Since both platforms have different strengths, it is important to make your investment decisions by taking these factors into consideration.
Voir l’original
Is #ETH or #BTC a more profitable investment instrument in the long term?
Correlation and Latest Trends:
In the past, the price movements of Bitcoin and Ethereum often moved together, but this relationship has weakened recently. The correlation has fallen to its lowest level since 2021, indicating differences in market behavior. While Bitcoin's market movements are often driven by macroeconomic factors and its role as "digital gold," Ethereum's value is increasingly associated with blockchain applications and ecosystem developments.
**Future Profitability:**
1. **Ethereum's Potential:** Ethereum has strong growth potential due to its large ecosystem. As more dApps are developed and more projects use the Ethereum blockchain, demand for ETH may increase. Additionally, Ethereum is expected to benefit from scalability improvements in the future, with it expected to be able to process more than 100,000 transactions per second.
2. **Stability of Bitcoin:** Bitcoin's limited supply and value proposition as a digital store of value make it attractive for long-term holding. Its security and decentralization are unparalleled, which can ensure its continued relevance and steady growth in value, especially as events such as ETF approvals increase market presence.
**Conclusion:**
While Bitcoin offers greater stability and a proven track record as a store of value, Ethereum's broad use cases and network improvements could make it more profitable in the long run. Ethereum's growth potential could be attractive to investors, especially as the ecosystem around smart contracts and dApps grows. On the other hand, those looking for stability may prefer Bitcoin. Diversifying both cryptocurrencies in the portfolio can be a strategic approach.
Correlation and Latest Trends:
In the past, the price movements of Bitcoin and Ethereum often moved together, but this relationship has weakened recently. The correlation has fallen to its lowest level since 2021, indicating differences in market behavior. While Bitcoin's market movements are often driven by macroeconomic factors and its role as "digital gold," Ethereum's value is increasingly associated with blockchain applications and ecosystem developments.
**Future Profitability:**
1. **Ethereum's Potential:** Ethereum has strong growth potential due to its large ecosystem. As more dApps are developed and more projects use the Ethereum blockchain, demand for ETH may increase. Additionally, Ethereum is expected to benefit from scalability improvements in the future, with it expected to be able to process more than 100,000 transactions per second.
2. **Stability of Bitcoin:** Bitcoin's limited supply and value proposition as a digital store of value make it attractive for long-term holding. Its security and decentralization are unparalleled, which can ensure its continued relevance and steady growth in value, especially as events such as ETF approvals increase market presence.
**Conclusion:**
While Bitcoin offers greater stability and a proven track record as a store of value, Ethereum's broad use cases and network improvements could make it more profitable in the long run. Ethereum's growth potential could be attractive to investors, especially as the ecosystem around smart contracts and dApps grows. On the other hand, those looking for stability may prefer Bitcoin. Diversifying both cryptocurrencies in the portfolio can be a strategic approach.