Solana is currently priced at $153.03, with a 24-hour trading volume of $11.17 billion, a market cap of $71.67 billion, and a market dominance of 3.17%. In the past 24 hours, SOL has seen an increase of 3.65%.
If the current growth trends and market interest remain strong, breaking past this level could push Solana toward the $250-$300 range.
Ethereum Foundation Moves 35K ETH to Kraken Amid Market Downturn one of the top cryptocurrency exchanges aligning with a recent 8.8% drop in Ethereum's price
Since Jan 2021, the Foundation has sold 239K ETH ($654M), often timing sales near market peaks.
The Foundation's actions raise market speculation on potential further ETH price declines.
Five days have passed since this transaction, at which point the value of Ethereum was $2,688 per ETH. Since then, Ethereum has seen a significant 8.8% price drop, bringing it down to $2,450.
Consequently, the cryptocurrency community has taken notice of this move, especially when organizations like the Ethereum Foundation are involved. The timing of such transfers can often significantly affect market dynamics
Risk-on assets are usually sold off first during times of war. Following the drone attack on Russia, the likelihood of the Russia-Ukraine war escalating has increased.
2️⃣ETF_ETH Outflows :
#BitcoinETFs saw a net outflow of $127 million yesterday.This marks the largest daily outflow since August 6.
3️⃣Market Manipulation :
While the S&P 500 and NASDAQ saw gains, BTC dropped. This indicates potential market manipulation, as some players might be trying to suppress BTC’s price. In my opinion, smart money is accumulating heavily between the $50K-$65K range.
This is further supported by the fact that BTC exchange supply continues to hit new lows each week.
Once this accumulation phase is complete (likely by the end of September), a #BTC☀ breakout is expected 🚀📈
Crypto All-Stars has raised $750K and is set to revolutionize memecoin staking.
Crypto All-Stars is a project focused on creating a unified staking platform specifically designed for memecoins.
It aims to provide holders of various joke tokens with a streamlined and diversified way to stake their assets. By offering a single platform for staking multiple memecoins, Crypto All-Stars intends to simplify the staking process, enhance yield opportunities, and drive more engagement within the memecoin sector.
As interest in memecoins grows, traders are gravitating towards Crypto All-Stars (STARS) for a more diversified exposure to the sector.Currently in its presale phase, the project has already secured $750K in funding.
Crypto All-Stars aims to be the first unified staking protocol for memecoins, offering a game-changing solution for holders of these joke tokens.
Fetch.AI ($FET ) Breaks Out, Surging 62% as AI Tokens Spark Market Comeback
FET has made a 67% run up the price curve after its merger with the Internet Computer (CP) and Near Protocol (NEAR) was announced.
$FET could go as high as $2.2 when bulls continue to dominate the market.
Artificial SuperIntelligence Alliance (#Fetch_ai ) surged 9% in the last 24 hours and 67% in the last seven days to trade at $1.364 at press time.
According to our data, #FET dominates the Al and Big Data category of crypto assets by daily and weekly returns, mounting a "hot chase" at Internet Internet Computer (CP) and Near Protocol (NEAR) as it trails by just $400 million and $2 billion, respectively.
A whale regrettably sold 2.33M FET for 2.385M USDT at $1.09 amid this dramatic surge. After some hours, the whale spent the 2.385M USDT on 1.79M FET at a higher price of $1.33.
I came across something interesting: over the past few days, the $MANTA network has been processing more transactions than both $OP and $ARB , making it the leader among Layer 2 solutions in daily transactions.
This could showcase the strength of a modular blockchain architecture.