Solana Pumps 60% In Four Days Overtaking Binance Coin in Market Cap
The price of Solana reached its lowest point since the all-time high on December 29, 2022, when it fell to $8. It consolidated with the price, encountering horizontal resistance at $30 but forming higher lows, eventually rising above it at the end of October.
The uptrend in which the price is currently started on September 13 but is most likely wave 3 from the five-wave impulse counted from the $8 low. As Solana entered the upper range from its first support after the all-time high at $80, we saw it coming to the first lower structure after the ATH.
This is another resistance point; as the price is overextended, it could be its stopping point. However, no signs of struggle would point to an immediate downturn.
XRP will likely rally in the months ahead, prompting interest among users looking to diversify. Concurrently, Chainlink (LINK) is on an upward trajectory, and Everlodge (ELDG) is gaining attention for integrating blockchain into real estate.
XRP can rally 800%
XRP rallied last year, drawing attention.
Notably, analyst EGRAG CRYPTO projects a potential 800% increase for XRP, setting a target of $5.50.
The analysis considers the recent 21 and 55 EMA crossover.
The coin remains bullish, with XRP moving from $0.59 to $0.64 in the past week
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💲📈Crypto markets to see a bullish run in the future With the market rejoicing with the ETF approval, a significant bullish run is anticipated in the future of digital assets.
The trading community is prepared for the consequences of this decision, with the prediction of significant investment inflows. For its ETF alone, Valkyrie Investments anticipates an influx of $200 million to $400 million. All told the market might see inflows of $4 to $5 billion in the first few weeks.
According to VanEck, there will be a $1 billion increase in the first few days, reaching $2.4 billion in a quarter. Galaxy Digital anticipates a $14 billion inflow in the first year, while Bitwise estimates that in five years, the market for spot bitcoin ETFs will grow to approximately $72 billion.
💥Spot Bitcoin ETF: SEC Website Crashes Right After Real Approval Announcement
In a historic moment, the SEC approved Spot Bitcoin ETFs. However, the regulator's official website crashed after the approval was announced.
them for nearly ten years. However, the regulator’s official website crashed soon after the approval was announced.
🚀SEC website crashes amid higher traffic
The much-anticipated approval for spot Bitcoin ETFs was finally announced on Wednesday. However, in a turn of events, the SEC’s official site immediately crumbled under the pressure of a humongous amount of traffic.
The rather scorn-worthy movement garnered attention from everywhere with Bloomberg analyst Eric Balchunas saying “No shocker, the site is down”