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MarketVector Report: Solana Could Capture 50% of Ethereum’s Market Share
A recent report by investment management firm VanEck through their research arm MarketVector has sparked considerable discussion about the future of Solana, a blockchain platform often touted as a potential rival to Ethereum.
The report paints an optimistic picture for Solana, suggesting it could reach a price of $330 and capture 50% of Ethereum’s current market capitalization. This bullish outlook is primarily driven by Solana’s superior speed and transaction processing capabilities.
VanEck’s analysis reveals stark differences in performance between the two platforms. Solana’s throughput, or its ability to process transactions per second (TPS), is over 3,000% higher than Ethereum’s. This translates to a capacity of thousands of transactions per second for Solana, compared to Ethereum’s comparatively limited throughput. Furthermore, Solana boasts a daily active user base that surpasses Ethereum’s by 1,300%. Crucially for users, Solana’s transaction fees are significantly lower – nearly 5 million percent cheaper than Ethereum’s.
These advantages, VanEck argues, position Solana as a strong competitor to Ethereum, particularly in areas like payments and remittances. The report highlights the potential for stablecoins, a key driver of decentralized finance (DeFi), to benefit from Solana’s superior processing metrics. Lower fees and faster transaction speeds could translate into significant cost savings for stablecoin users, potentially driving wider adoption of the Solana network.
#Solana_Blockchain #etherum $SOL $ETH $BTC
DefiLama Solana
A recent report by investment management firm VanEck through their research arm MarketVector has sparked considerable discussion about the future of Solana, a blockchain platform often touted as a potential rival to Ethereum.
The report paints an optimistic picture for Solana, suggesting it could reach a price of $330 and capture 50% of Ethereum’s current market capitalization. This bullish outlook is primarily driven by Solana’s superior speed and transaction processing capabilities.
VanEck’s analysis reveals stark differences in performance between the two platforms. Solana’s throughput, or its ability to process transactions per second (TPS), is over 3,000% higher than Ethereum’s. This translates to a capacity of thousands of transactions per second for Solana, compared to Ethereum’s comparatively limited throughput. Furthermore, Solana boasts a daily active user base that surpasses Ethereum’s by 1,300%. Crucially for users, Solana’s transaction fees are significantly lower – nearly 5 million percent cheaper than Ethereum’s.
These advantages, VanEck argues, position Solana as a strong competitor to Ethereum, particularly in areas like payments and remittances. The report highlights the potential for stablecoins, a key driver of decentralized finance (DeFi), to benefit from Solana’s superior processing metrics. Lower fees and faster transaction speeds could translate into significant cost savings for stablecoin users, potentially driving wider adoption of the Solana network.
#Solana_Blockchain #etherum $SOL $ETH $BTC
DefiLama Solana
Crypto firm Circle to move headquarters to New York City ahead of planned IPO$BTC $ETH $BNB #BinanceLaunchpoolHMSTR #Write2Earn! #TelegramCEO #pepe
Circle Internet Financial, the company behind stablecoin USDC, is moving its global corporate headquarters from Boston to New York City, after filing confidentially earlier this year for a U.S. initial public offering.
Circle plans to open its new headquarters in One World Trade Center in early 2025, the company said Friday.
Circle Internet Financial, the company behind stablecoin USDC, is moving its global corporate headquarters from Boston to New York City, after filing confidentially earlier this year for a U.S. initial public offering.
Circle plans to open its new headquarters in One World Trade Center in early 2025, the company said Friday.
Energy Impact Report: September 2024.
As a proof-of-stake blockchain, Solana uses less energy than conventional proof-of-work networks. Less energy consumption means lower carbon emissions. Since the last Energy Use report in December 2023, the Solana network has reduced its carbon footprint by 69% through onchain purchase of carbon credits and innovative biodiversity credits.
Users can observe the network’s energy performance directly through a real-time emissions dashboard, recently updated to comply with new Markets in Crypto Assets (MiCA) regulations. These efficiencies, coupled with the Solana Foundation’s dedication to sustainability and a burgeoning decentralized environmental sector, make Solana a popular solution for environmental projects.
$SOL $BTC #writetoearn
#BinanceLaunchpoolHMSTR #Write2Earn! #FTXSolanaRedemption
As a proof-of-stake blockchain, Solana uses less energy than conventional proof-of-work networks. Less energy consumption means lower carbon emissions. Since the last Energy Use report in December 2023, the Solana network has reduced its carbon footprint by 69% through onchain purchase of carbon credits and innovative biodiversity credits.
Users can observe the network’s energy performance directly through a real-time emissions dashboard, recently updated to comply with new Markets in Crypto Assets (MiCA) regulations. These efficiencies, coupled with the Solana Foundation’s dedication to sustainability and a burgeoning decentralized environmental sector, make Solana a popular solution for environmental projects.
$SOL $BTC #writetoearn
#BinanceLaunchpoolHMSTR #Write2Earn! #FTXSolanaRedemption
Market is down
The cryptocurrency market experienced a downturn, with the total market capitalization dropping to $2.51 trillion over the last day as of May 30, 2024. The market volume in the last 24 hours has fallen by 9.22%. Bitcoin, the largest cryptocurrency, is currently trading at $67,659, 2.82% down over the past seven days and 0.22% decrease in the last 24 hours. Ethereum, the second-largest cryptocurrency, is trading at $3,732, down by 2.06% in the last seven days.
The cryptocurrency market is down today as fear rises among investors after Mt. Gox’s $9 billion bitcoin transfer and slowing inflows of the U.S. spot bitcoin ETFs.
How is the Crypto Market Performing?
The cryptocurrency market is experiencing a downfall, it can be because of the approximately $9 billion BTC being transferred from Mt. Gox’s cold wallet to an unknown address. It likely went through thirteen transactions, raising dump fear in the market. Another reason could be that the spot bitcoin ETF inflows are falling again.
The cryptocurrency market is exhibiting significant volatility, with prices fluctuating unpredictably. Currently, there is a downturn after Bitcoin surpassed its all-time high multiple times in March. The Dencun upgrade and Bitcoin halving did not bring the surge that the market anticipated. Also, as people expected, the latest U.S. SEC approval over the ETH ETFs has not brought any rise in the crypto world. As of the latest update, the Fear and Greed index stands at 61, indicating a greed state#BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy
The cryptocurrency market experienced a downturn, with the total market capitalization dropping to $2.51 trillion over the last day as of May 30, 2024. The market volume in the last 24 hours has fallen by 9.22%. Bitcoin, the largest cryptocurrency, is currently trading at $67,659, 2.82% down over the past seven days and 0.22% decrease in the last 24 hours. Ethereum, the second-largest cryptocurrency, is trading at $3,732, down by 2.06% in the last seven days.
The cryptocurrency market is down today as fear rises among investors after Mt. Gox’s $9 billion bitcoin transfer and slowing inflows of the U.S. spot bitcoin ETFs.
How is the Crypto Market Performing?
The cryptocurrency market is experiencing a downfall, it can be because of the approximately $9 billion BTC being transferred from Mt. Gox’s cold wallet to an unknown address. It likely went through thirteen transactions, raising dump fear in the market. Another reason could be that the spot bitcoin ETF inflows are falling again.
The cryptocurrency market is exhibiting significant volatility, with prices fluctuating unpredictably. Currently, there is a downturn after Bitcoin surpassed its all-time high multiple times in March. The Dencun upgrade and Bitcoin halving did not bring the surge that the market anticipated. Also, as people expected, the latest U.S. SEC approval over the ETH ETFs has not brought any rise in the crypto world. As of the latest update, the Fear and Greed index stands at 61, indicating a greed state#BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy
Best Meme Tokens to Invest In May 2024
Meme coins, with their quirky names and often satirical origins, have become an undeniable force in the cryptocurrency landscape. While dismissed by some as frivolous, a closer look reveals communities driven by innovation, a desire to disrupt traditional finance, and the potential for surprising utility. In this article we will have curated the best meme tokens to invest in on the basis of their Market capitalization, community strength, and real-world utility.
1. FLOKI (FLOKI)
Inspired by Elon Musk's Shiba Inu dog, Floki Inu brands itself as a movement with goals of utility-based projects, NFTs, and a dedicated fan base.
Market Capitalization: Approx. $1.4B
Current Price: Approx. $0.000152
Unique Features/Potential: Focus on developing its Valhalla Metaverse play-to-earn game, an NFT marketplace, and the Floki University crypto education platform.
Recent Developments: Floki launched its new NFT marketplace on April 15, 2024, allowing users to buy, sell, and trade Floki-themed NFTs.
Buy Floki
2. Bonk (BONK)
Bonk, the first Solana-based dog coin, aims to restore a sense of fun and community to the Solana blockchain. It gained rapid popularity due to its massive token burn and airdrop events.#BinanceLaunchpool #altcoins #MicroStrategy #Floki🔥🔥 #Bonk #bitcoin
Meme coins, with their quirky names and often satirical origins, have become an undeniable force in the cryptocurrency landscape. While dismissed by some as frivolous, a closer look reveals communities driven by innovation, a desire to disrupt traditional finance, and the potential for surprising utility. In this article we will have curated the best meme tokens to invest in on the basis of their Market capitalization, community strength, and real-world utility.
1. FLOKI (FLOKI)
Inspired by Elon Musk's Shiba Inu dog, Floki Inu brands itself as a movement with goals of utility-based projects, NFTs, and a dedicated fan base.
Market Capitalization: Approx. $1.4B
Current Price: Approx. $0.000152
Unique Features/Potential: Focus on developing its Valhalla Metaverse play-to-earn game, an NFT marketplace, and the Floki University crypto education platform.
Recent Developments: Floki launched its new NFT marketplace on April 15, 2024, allowing users to buy, sell, and trade Floki-themed NFTs.
Buy Floki
2. Bonk (BONK)
Bonk, the first Solana-based dog coin, aims to restore a sense of fun and community to the Solana blockchain. It gained rapid popularity due to its massive token burn and airdrop events.#BinanceLaunchpool #altcoins #MicroStrategy #Floki🔥🔥 #Bonk #bitcoin
Bitcoin falls below $69,400 ahead of US inflation data.
Bitcoin fell 2.4% to $69,357 in Wednesday's trading session ahead of a key U.S. inflation reading later in the day. Meanwhile, Ethereum, the second largest crypto token, plunged over 4.2% to $3,534. U.S. consumer price data due on Wednesday will be closely watched by investors as they seek direction on the next move in interest rates. The data is expected to show a rise in headline inflation to 3.4% year-on-year, from 3.2% in February.
Edul Patel, CEO of Mudrex, said, "Following a climb to $72,000 yesterday, Bitcoin retreated to $68,000 due to increased liquidations. Traders are keeping a close watch on today's US CPI data, which might exceed expectations. Bitcoin's current support stands at $67,700, with resistance noted at $70,400."#cpi #BinanceLaunchpool #BullorBear #Memecoins
Bitcoin fell 2.4% to $69,357 in Wednesday's trading session ahead of a key U.S. inflation reading later in the day. Meanwhile, Ethereum, the second largest crypto token, plunged over 4.2% to $3,534. U.S. consumer price data due on Wednesday will be closely watched by investors as they seek direction on the next move in interest rates. The data is expected to show a rise in headline inflation to 3.4% year-on-year, from 3.2% in February.
Edul Patel, CEO of Mudrex, said, "Following a climb to $72,000 yesterday, Bitcoin retreated to $68,000 due to increased liquidations. Traders are keeping a close watch on today's US CPI data, which might exceed expectations. Bitcoin's current support stands at $67,700, with resistance noted at $70,400."#cpi #BinanceLaunchpool #BullorBear #Memecoins
BITCOIN HALVING
#WRITE2EARN
By reading the history through chart, we can capture a pattern. One of them is BITCOIN's HALVING. In this chart we can see a repetition of pattern and it will be useful for next action if we want to buy BITCOIN especially in HALVING moment. From this pattern, can be interpreted the possibility that BITCOIN will make All time high.
#write2earn🌐💹
$BTC $ETH $SOL
#WRITE2EARN
By reading the history through chart, we can capture a pattern. One of them is BITCOIN's HALVING. In this chart we can see a repetition of pattern and it will be useful for next action if we want to buy BITCOIN especially in HALVING moment. From this pattern, can be interpreted the possibility that BITCOIN will make All time high.
#write2earn🌐💹
$BTC $ETH $SOL
BITCOIN HALVING 2024
The Bitcoin Halving is a pre-programmed event that reduces the reward given to crypto miners by half approximately every four years. The Halving is essential because it ensures that the supply of Bitcoin is kept in check and prevents inflation. The reduction of mining rewards means that the demand for Bitcoin is expected to increase, and its value is likely to surge in response. It is anticipated to happen every 210,000 blocks or roughly every four years, with the most recent halving occurred in May 2020, reducing the reward from 12.5 to 6.25 BTC per block. The Bitcoin Halving plays a crucial role in the long-term viability and scarcity of Bitcoin.
#bitcoin
#halving
The Bitcoin Halving is a pre-programmed event that reduces the reward given to crypto miners by half approximately every four years. The Halving is essential because it ensures that the supply of Bitcoin is kept in check and prevents inflation. The reduction of mining rewards means that the demand for Bitcoin is expected to increase, and its value is likely to surge in response. It is anticipated to happen every 210,000 blocks or roughly every four years, with the most recent halving occurred in May 2020, reducing the reward from 12.5 to 6.25 BTC per block. The Bitcoin Halving plays a crucial role in the long-term viability and scarcity of Bitcoin.
#bitcoin
#halving
