Solana price forecast: SOL hit highest price since December 2021 - can SOL overtake Ethereum?
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#Solana price forecast: SOL hit highest price since December 2021 - can SOL overtake Ethereum?
Marathon's goal of owning and operating 54% of its mining infrastructure by 2024 underscores its ambition to increase its influence in the #blockchain sector.
Despite potential challenges, such as the impending halving of the #bitcoin exchange rate in mid-April, which could halve the reward for mining, the company anticipates increased revenues in 2023 thanks to growing mining volumes and higher bitcoin prices.
Additionally, Marathon's new bitcoin transaction acceleration service highlights the company's innovative approach to blockchain technology.
This strategic acquisition not only strengthens Marathon's role in the development of the bitcoin network, but may also indirectly impact the broader blockchain ecosystem, including networks such as Solana.
Two U. S. senators have called on SEC Chairman Gary Gensler to suspend approval of new #cryptocurrency exchange-traded funds (ETFs), highlighting the risks of fraud and manipulation of cryptocurrencies other than bitcoin.
They emphasize the relative stability of bitcoin compared to other cryptocurrencies and suggest that the SEC should focus on ensuring the protection of investors, especially those less familiar with the cryptocurrency market.
This debate comes at a time when the SEC is considering a proposal to create an #ETF for spot ethers, and opinions are divided on its approval. Such a move could impact the popularity of bitcoin ETFs and prompt investors to reconsider their capital allocation in the cryptocurrency space, potentially impacting Solana's positioning in the market.
The pivot point for Solana (SOL/USD) is located at $188.69, while resistance levels are defined in stages at $ 201.35, $ 214.81 and $ 227.
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