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Legendary Analyst Predicts Solana (SOL) Will Soon Gain 100% Against Ethereum (ETH) Renowned trader and analyst Peter Brandt recently focused on Solana’s potential to outperform Ethereum. Brandt stated that the SOL/ETH pair is recovering and expects upward momentum. According to him, Solana is ready to re-reach its previous highs against #Ethereum and paints a promising picture for SOL investors. Brandt explained that he prefers Solana over Ethereum mainly due to fundamental differences. Criticizing Ethereum for its cumbersome and high costs, Brandt questions Ethereum’s claim of decentralization. In contrast, he praises Solana’s user-friendly design and strong structure. These points support his prediction that $SOL will gain 100% in value against ETH in the coming months. Another factor that adds weight to Brandt’s positive outlook on Solana is Binance’s recent significant investments in Solana-focused initiatives. #BinanceLabs has poured capital into Solayer, a Solana-based retaking network that launched less than 60 days ago. Despite being in its early stages, Solayer has quickly become one of the most prominent protocols on the Solana blockchain, with a total value locked (TVL) of over $150 million. Solayer’s impressive growth is reflected in the participation of over 70,000 unique wallets on the network, highlighting Solana’s growing ecosystem and investor confidence in its long-term potential. In parallel, Binance reported a total net inflow of $2.4 billion since the market crash on August 5, indicating market confidence and strategic buying by smart investors. In summary, Peter Brandt’s prediction for Solana reflects a general sentiment shared by industry stakeholders, including Binance. With its user-friendly infrastructure and growing ecosystem, Solana appears well-positioned for significant gains against Ethereum. Investors should closely monitor the evolving dynamics between #SOL and #ETH as this could present attractive opportunities in the crypto market.

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Toncoin Takes Action After Binance Listing. #Binance , the largest cryptocurrency exchange by trading volume, launched Toncoin ($TON ) trading pairs on August 8. It will lead to a more than 10% increase in TON’s value against the US dollar. Currently, $TON is trading between $5.36 and $6.41 over the past day, making it the eighth-largest crypto asset by market cap. #Toncoin (TON) has listed Binance TON trading pairs. It rose 10.6% against the US dollar on Thursday. The world’s largest exchange by trading volume offers four trading pairs with the crypto asset Toncoin. Over the past day, TON recorded $1.32 billion in global trading volume, with Tether (USDT) being the top trading pair, followed by USD, BTC, EUR, and KRW. However, #Binance users must pass a ‘seed tag’ test before trading #TON to ensure they understand the alleged risks associated with the digital currency.

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The Biggest Contribution to the XRP Rally Came from This Country: XRP Madness is Happening! “It Crushed Bitcoin and Ethereum!” The SEC-Ripple case is finally over. Ripple was fined only $125 million for institutional sales, and crypto exchange transactions were deemed legal. After Ripple’s victory against the SEC, the XRP price experienced a major jump, while its trading volume also increased. Accordingly, while the XRP trading volume increased significantly in general, there was an unprecedented increase in the XRP trading volume on Upbit, South Korea’s largest exchange. XRP Reached Its Peak in South Korea! This significant volume increase in XRP underscores the increased interest and trading activity surrounding XRP following the final decision in the case. XRP recorded an increase of over 20% in a short time after the decision was announced. During this price increase, the trading volume on Upbit increased sharply, reaching approximately 125 million KRW in a few hours.

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Peter Brandt’s Analysis Reveals Potential Bitcoin (BTC) Price Reversal Using Important Charts. Peter Brandt, a well-known trader in the cryptocurrency market, has highlighted a chart that he believes is important for understanding Bitcoin’s future price movements. According to Brandt, this chart, which uses the relative strength index (RSI) and other technical parameters, suggests that Bitcoin may have already peaked. The fact that the RSI is continuously falling with each new peak indicates that buying momentum is waning. The chart, which indicates that falling #Bitcoin price movement elasticity points to potential resistances, was first published by HTL-NL. This chart could limit Bitcoin’s short-term growth area by indicating the existence of a larger cycle top. Such a scenario suggests that Bitcoin’s bullish momentum may have run out and downward pressure could increase. Brandt’s chart highlights the importance of understanding the “binary price possibilities” for Bitcoin, and these potential outcomes depend on many factors. The current #Bitcoin market is showing significant fluctuations driven by macroeconomic variables and regulatory developments. Despite this instability, there has been a noticeable recovery in institutional inflows, which could indicate that the market’s uptrend could continue. Peter Brandt’s technical analysis of Bitcoin’s price predictions provides a cautious outlook for the cryptocurrency. While the RSI and technical indicators indicate that the top has been reached and the buying momentum is decreasing, Bitcoin is facing potential resistance and downward pressure. As market conditions continue to evolve, the role of institutional investments will be critical in determining Bitcoin’s roadmap. These elements provide traders and investors with a clearer perspective on possible future scenarios for Bitcoin’s price movements.

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📢 US Unemployment Claims Released. •Released: 233K •Expectation: 241K •Previous: 249K

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Ultime notizie

Ethereum Developers Discuss Consensus Layer Modifications and Network Updates

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ETHFI DAO Proposes Increased Buyback And LP Seeding Allocation

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BTC And ETH Options Set To Expire With Significant Nominal Value

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