Key Insights
Football legends Messi and Ronaldinho endorsed a small, Solana-based memecoin called Water on social media this week.Following their endorsements, Water's price surged by 194%, raising questions about its legitimacy.This endorsement comes amid a wave of celebrity hacks and memecoin scams involving celebrities like 50 Cent, Hulk Hogan, Sydney Sweeney, and Doja Cat.Both athletes have previously been involved with crypto projects, some of which turned out to be massive scams.Crypto commentators suspect Water might be a "pump and dump" scheme, with some "evidence" posted by BubbleMaps.

#CryptoNewss  #memecoin🚀🚀🚀  #Messi  #Ronaldinho  #Solana⁩

Текущее ценовое движение Solana (SOL) формирует паттерн нисходящий треугольник. Этот паттерн обычно указывает на возможный прорыв в любом направлении, в зависимости от последующих ценовых движений.

Анализ Графика:

Паттерн Нисходящий Треугольник: SOL консолидируется в пределах нисходящего треугольника, отмеченного горизонтальным уровнем поддержки и нисходящей линией сопротивления.
Возможный Бычий Сценарий: Бычье подтверждение произойдет, если SOL прорвется выше верхней границы треугольника и успешно ретестирует его в качестве поддержки. Этот ход может привести к более высоким уровням цен.
Возможный Медвежий Сценарий: С другой стороны, медвежье движение ожидается, если SOL прорвется ниже нижней границы треугольника и ретестирует его как сопротивление. Это может привести к дальнейшим снижением.
Ключевые Уровни:
Верхняя Граница (Сопротивление): Около $144
Нижняя Граница (Поддержка): Около $128.50

Рекомендации:

Для Бычьих Трейдеров: Ищите прорыв выше верхней границы нисходящего треугольника с увеличением объема для подтверждения бычьего тренда. Установите стоп-лоссы ниже недавних минимумов для управления рисками.
Для Медвежьих Трейдеров: Наблюдайте за пробоем ниже нижней границы треугольника. Если этот уровень будет прорван и ретестирован как сопротивление, рассмотрите возможность коротких позиций с целями на более низких уровнях поддержки и стоп-лоссами выше границы.

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$SOL #SolanaUSTD #Solana⁩ #analysis #binance

Making the vision of the crypto goal a reality? Solana has made it possible, and that is why Lily Liu, president of the Solana Foundation, has started sharing this concept in a couple of in-person events recently, explaining that PayFi is not just an innovation; it's a paradigm shift, introducing programmable money that ventures far beyond the traditional confines of DeFi, setting the stage for a new epoch of financial innovation.
A couple of weeks ago at the Crypto Valley Association, Switzerland’s leading blockchain & crypto ecosystem, Lily Liu was a speaker and introduced the so-called PayFi. In a space of 18 minutes she spoke about the differences between the traditional market and decentralized payments and the opportunities of @Solana Official

But that didn't stop there. On July 8th, Lily Liu went even further! She presented this idea at the 7th edition of the Ethereum Community Conference, held at SQUARE Brussels Meeting Centre, Belgium. In this article, will focus more on this event and on the key points of the conference given by the president of the Solana Foundation.

Blockchain technology, initially designed for peer-to-peer electronic cash, aimed to enhance self-custody digital property rights, programmable money, and open finance. Bitcoin, as a store of value and medium of exchange, highlighted this vision.
Originally conceptualized as a vehicle for peer-to-peer electronic cash, blockchain's foundational aim was to enhance digital ownership, introduce programmable money, and pioneer open finance. Bitcoin emerged as a testament to this vision, epitomizing a store of value and a medium of exchange. Over time, the ambition of blockchains has evolved to outperform conventional monetary systems by offering speed, affordability, and round-the-clock availability.

Lily Liu, representing the Solana Foundation, emphasized the transformative influence of emerging technologies. These innovations are not merely enhancements; they are levers that unlock markets previously beyond reach, subtly pointing out that while blockchain's advantages might not seem exponentially better to all, its unique applications certainly leapfrog the capabilities of traditional financial systems.
Lily asserts that new technologies are crucial as they enable and monetize long-tail markets, revealing opportunities that the previous systems couldn’t. According to Lily, while blockchain might not seem 10x better than current systems to everyone, it offers unique use cases that surpass the traditional financial infrastructure.

Unlike other blockchains, Solana has consistently demonstrated fast transaction speeds and low costs, making it a strong candidate for fulfilling the original vision of blockchain technology. In a world where speed and efficiency matter, Solana stands out. Renowned for its blazing-fast transaction capabilities and minimal costs, Solana is creating a new benchmark for what blockchain technology can achieve, echoing the foundational vision of a more accessible and efficient financial system.
Capital Liquidity: Solana’s Market Presence
The proof of Solana's prowess is not in words but in market performance. It boasts a towering presence in the stablecoin transaction space, ranking among the top three. Its significant transaction volumes are a clear indicator of its widespread acceptance and adoption as a preferred medium of exchange.

The green bars in transaction volume metrics often represent Solana, showcasing its widespread adoption as a medium of exchange.
Any technology's success largely hinges on the community that nurtures and evolves it. Solana's robust developer ecosystem is a testament to its vibrant and dynamic nature. This talent liquidity is crucial, ensuring that the blockchain continues to adapt, innovate, and thrive.
Lily delineates a trio of critical success factors for any blockchain initiative: swift and affordable transactions, a broad adoption as a currency, and a vibrant developer community. By this measure, Solana is not just succeeding; it's setting a gold standard.

Lily highlights three critical conditions for a successful blockchain: fast and cheap transactions, widespread use of money, and a robust developer community. She claims that Solana is the only ecosystem that meets all three.
Diverse Use Cases on Solana
Solana's flexibility and capability extend across a multitude of financial applications - from enhancing supply chain finance to transforming credit card transactions, from revolutionizing interbank opera to redefining insurance markets. These varied applications underscore Solana's versatility and potential to upend traditional financial frameworks.
Unveiling PayFi - A Leap Beyond DeFi
Lily Liu introduces PayFi, a novel financial concept distinct from the conventional DeFi, with a keen focus on settlement times. This groundbreaking concept enables scenarios where payments are instantaneous, fostering 'Buy Now, Pay Never' dynamics. PayFi is carving a niche in finance, facilitating creator monetization, invoice financing, efficient payment processing, and nurturing private credit pools worldwide on Solana's platform.

With applications spanning supply chain finance to insurance markets, PayFi pioneers programmable money, shaping a new era in financial innovation beyond traditional DeFi paradigms.
While the path of blockchain technology has been anything but linear, platforms like Solana are making remarkable strides towards fulfilling blockchain's initial promise. By championing performance, liquidity, and a galvanized developer community, Solana not only showcases the transformative potential of blockchain but also heralds the dawn of groundbreaking financial markets and opportunities. The journey from concept to reality may have its share of obstacles, but with innovations like Solana, the future of finance is bright, boundless, and beckoning.

With the phrase "It's only possible in Solana", the president of the Solana Foundation says goodbye to the conference, revealing the innovation behind the so-called PayFi. Surely throughout this period this term will continue to expand in other conferences and in digital media.
If you want to see the complete presentation of Lily Liu in great detail, leave here where you can enjoy this wonder.https://ethcc.io/archive/The-Emergence-of-PayFi-Realizing-the-Vision-of-Crypto
Remember if you liked this article, leave it in the comments box and a like of support.
#BONK #Solana⁩ #Web3
$SOL

FTX's $16 billion payout plan could trigger rallies in Bitcoin and Solana, with key dates in August and October potentially enhancing the impact on the crypto market.
Key Insights:
FTX will distribute $16 billion in cash to customers, possibly sparking Bitcoin and Solana rallies.Crypto researcher Xremlin predicts most customers will reinvest their cash into crypto.Important dates for this repayment plan are August 16 and October 7, which might align with the US elections and the start of the bull run's final phase.
#Solana⁩ #CryptoMarkets #CryptoNews #FTX #Bitcoin❗

Key Insights:
The crypto market remains sluggish today, with Bitcoin hovering around $55,000.A general market slump affects major altcoins like Ethereum and Solana.While liquidations are lower than last week, leveraged traders still lost millions, with bulls slightly weaker.A descending channel on Bitcoin's chart indicates short-term bearishness, and a break below $53,500 could trigger a steeper fall.If important support levels break, Ethereum (below $2,810) and Solana (below $122) could see harsher drops.If breaks do not occur, significant recovery may follow soon.
The crypto market showed little improvement over the weekend, evidenced by a 3.45% decline in total market cap and Bitcoin's stagnancy at around $55,000.
Crypto Market Overview

The crypto heatmap displays a widespread red, indicating that the ongoing slump is a general issue. Ethereum has fallen below the $3,000 zone, and Solana is back under $140.
Crypto Liquidations

Today's crypto liquidations are better than last Friday's $600 million, but leveraged traders still lost $278 million, with losses almost equally distributed between bulls ($164 million) and bears ($114 million). Despite the ongoing slump, bears remain in control, but bulls still have a chance to turn things around.

Descending Channel on Bitcoin

A descending channel on Bitcoin's daily chart indicates short to medium-term bearishness. However, Bitcoin has maintained support above the lower trendline, a positive sign. Investors should watch for a break below $53,500, which could signal a bearish takeover and a potential retest of $50,000 or lower.
Ethereum's Close to a Steep Drop

Ethereum is testing support around $2,900 - $2,800, with bears pushing to break below. If Ethereum falls below $2,810, a retest of the $2,500 zone might become inevitable.

Watch Out for Solana

Solana has been bearish but is approaching solid support around $122. The RSI on the daily chart shows neutral conditions, suggesting imminent price movement in either direction. As long as Solana holds this support, a rebound is possible.

Ongoing Recoveryon MultiverseX (EGLD)

Most cryptocurrencies are red on weekly and daily timeframes, but MultiverseX shows promise with a rebound from the descending trendline. It is now testing the $35.2 resistance. A sustained break above this level could lead to an upward explosion, while failure to break and close above may present a selling opportunity.

Disclaimer:
Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets; please conduct your own research and make informed financial decisions.
Meta Description:
The crypto market woes continue this week. Here are the details of the ongoing slump, with Bitcoin hanging over a cliff and major altcoins like Ethereum and Solana facing similar threats.

#cryptocurrency #CryptoMarkets #Ethereum✅ #Solana⁩ #bitcoin

Solana memecoins have soared in 2024, outperforming Ethereum with an 800% increase. Despite market volatility and scam risks, Michi and Billy lead the surge.
Key Insights:
Solana memecoins have surged 800% year-to-date in 2024, far outpacing Ethereum memecoins.Memecoins have become the most popular asset class, making up 22% of the market.Dogwifhat and Billy ($BILLY) are top performers, with Billy recently hitting a $100 million market cap.Celebrity endorsements and scams pose significant challenges amid the high gains of Solana memecoins.Currently, the hottest Solana memecoins are Michi and Billy.

#Solana⁩ #Bitcoin❗ #memecoin🚀🚀🚀 #Ethereum✅ #Blockchain

🚀 Introducing io.net (IO): Revolutionizing Decentralized GPU Computing 🚀
🚀 Let's dive into key features and potential of #IO in this captivating thread! 🧵👇
1️⃣ Introduction: io.net (IO) is a Solana-based decentralized GPU computing network. Its mission is to democratize access to computing power by aggregating underutilized GPUs from various sources, including independent data centers, crypto miners, and consumer GPUs. By creating a decentralized physical infrastructure network (DePIN), io.net aims to provide cost-effective GPU resources for machine learning and AI applications.
2️⃣ Technology and Features: io.net leverages the IO Worker interface for GPU suppliers to contribute computing power, ensuring cost-effective utilization while scaling to meet demand. End users interact with io.net’s GPUs via IO Cloud, allowing on-demand management of decentralized GPU clusters and eliminating the need for expensive hardware investments and infrastructure management. IO Cloud is deployed on Ray, an open-source compute framework used by OpenAI for training models like GPT-3 and GPT-4.
3️⃣ Whitepaper Analysis: The whitepaper emphasizes the problem of underutilized GPU capacity globally and outlines IO.NET’s approach to aggregating GPUs from various sources. It details smart contract development, potential blockchain applications, the role of the IO token in the ecosystem, and provides insights into the project’s growth strategy and economic model.
4️⃣ Use Case: The IO Token (IO) is the native coin of the IOG Network, facilitating economic incentives within the ecosystem. Users pay for services within io.net using IO tokens, creating structural demand and ensuring network sustainability. IO tokens are used for GPU deployment fees, staking, and governance. IO.NET enables machine learning engineers and AI developers to access scalable distributed GPU clusters at a fraction of the cost of traditional centralized services, empowering startups and enterprises to tap into abundant computing power for AI workloads.
5️⃣ Team and Leadership: Ahmad Shadid, co-founder, was the CEO but stepped down before the token launch. Tory Green, another founder and former COO, now leads the project. The team originally developed quantitative trading systems for stock and crypto markets.
6️⃣ Partnerships: IO.NET has partnered with other decentralized compute networks, including Render Network and Filecoin, integrating 2,000 GPUs into its network.
7️⃣ Security and Audits: IO agent ensures that unauthorized containers are not running on a hired GPU to eliminate any risks. When a node is hired, the data existing between one worker node and the other worker node is encrypted in the docker file system. Any network traffic is also on a mesh VPN, which ensures maximum security. They also prioritize suppliers with SOC2 compliance and continue to stress the importance of SOC2 compliance with our suppliers.
8️⃣ Tokenomics: IO tokenomics include a programmatic coin burn system, where revenues from IOG Network are used to purchase and burn IO tokens. This deflationary mechanism adjusts based on IO’s price. A maximum supply of 800,000,000 IO tokens can ever enter circulation.
9️⃣ Exchanges: IO tokens can be traded on various exchanges, including Binance, Bybit, Gate.io, Bitget, KuCoin, MEXC and many more.
🔟 Recent Developments: IO.NET has onboarded approximately 20,000 cluster-ready GPUs and serves AI inference and model training workloads.
1️⃣1️⃣ Conclusion: IO.NET’s innovative approach to GPU aggregation and its focus on AI and machine learning make it an exciting project to watch. As it continues to grow, it could play a significant role in the decentralized computing space.
🌟 If You find this thread useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🚀 #DePIN #aitcoinsboom #io.net #Solana⁩
$IO
$RNDR
$SOL

In the ever-evolving world of blockchain technology, the Solana ecosystem has emerged as a prominent player, offering a fast, scalable, and secure platform for decentralized applications. As a Solana enthusiast, it's crucial to have a solid understanding of the tools and resources available to navigate this dynamic ecosystem. In this comprehensive blog post, we'll dive into the world of Solana explorers, focusing on Solscan and other powerful tools that can help you unlock the full potential of the Solana blockchain.
Exploring Solscan: Your Gateway to Solana's Transactions
Solscan is a widely-used Solana explorer that provides an in-depth view of the blockchain's activity. This powerful tool allows you to delve into the details of Solana transactions, from signatures and timestamps to block information and transaction maps. By understanding the anatomy of a Solana transaction, you can gain valuable insights into the network's operations and identify potential issues or anomalies.

Dissecting a Solana Transaction
When exploring a Solana transaction on Solscan, you'll be presented with a wealth of information. The signature, block, timestamp, and other metadata provide a comprehensive overview of the transaction's journey through the network. By analyzing the transaction details, you can uncover valuable information, such as the parties involved, the amount of SOL or tokens transferred, and any associated fees or instructions.
Identifying Scam Tokens and Burning Them
One of the key features of Solscan is its ability to help you identify and address potential scam tokens. The explorer provides insights into the token's history, contract details, and any suspicious activities, empowering you to make informed decisions about your investments. If you encounter a token that raises red flags, Solscan allows you to initiate the burning process, effectively removing the token from your wallet and protecting your assets.
Exploring the Solana Ecosystem: Other Powerful Explorers
While Solscan is a fantastic resource, it's not the only Solana explorer available. The Solana ecosystem boasts a variety of explorers, each with its unique features and capabilities. Let's explore some of the other prominent Solana explorers and their key functionalities.
The Official Solana Explorer
The official Solana explorer, available at explorer.solana.com, is a comprehensive tool that provides a high-level overview of the Solana blockchain. This explorer offers insights into the network's health, including overall transaction volume, block production, and validator performance. It's an essential resource for monitoring the Solana network and staying up-to-date with its ongoing development.

Solana Beach: A User-Friendly Explorer
Solana Beach, found at solanabeach.io, is a Solana explorer that prioritizes user-friendliness. With its intuitive interface and easy-to-navigate features, Solana Beach is an excellent choice for beginners and casual users who want to explore the Solana blockchain without getting bogged down in technical details.

Solana.fm: Visualizing Solana's Ecosystem
Solana.fm, available at solana.fm, offers a unique approach to Solana exploration by providing a visually-driven interface. This explorer allows you to visualize the Solana ecosystem, including token movements, validator performance, and network activity. Solana.fm is particularly useful for gaining a high-level understanding of the Solana network and identifying trends or patterns.

Unlocking the Potential of Solana Explorers
Now that you're familiar with the various Solana explorers, let's explore how you can leverage these tools to enhance your understanding and interaction with the Solana ecosystem.
Tracking Transactions and Verifying Authenticity
One of the primary use cases for Solana explorers is the ability to track and verify transactions. Whether you're sending or receiving SOL or Solana-based tokens, you can use these explorers to ensure the legitimacy of the transaction, monitor its progress, and troubleshoot any issues that may arise.
Monitoring Rent Reserves and Token Balances
Solana explorers also provide valuable insights into the rent reserves and token balances associated with your Solana accounts. By understanding the rent reserve requirements and monitoring your token balances, you can make informed decisions about your Solana-based assets and ensure the proper maintenance of your accounts.

Exploring Staking and Validator Performance
For Solana enthusiasts who are actively involved in staking, Solana explorers offer a wealth of information about the staking process. You can use these tools to track your staking rewards, monitor the performance of your chosen validators, and stay informed about the overall health of the Solana staking ecosystem.
Integrating Solana Explorers with Decentralized Applications
As the Solana ecosystem continues to grow, many decentralized applications (dApps) are integrating Solana explorers into their platforms. This integration allows users to seamlessly interact with the Solana blockchain, view transaction histories, and manage their assets directly within the dApp interface. By familiarizing yourself with Solana explorers, you'll be better equipped to navigate and engage with the expanding Solana dApp landscape.
Anyway: Empowering Your Solana Journey
Navigating the Solana ecosystem can be a rewarding and empowering experience, and the array of Solana explorers available are invaluable tools in this journey. From Solscan's comprehensive transaction analysis to the specialized features of other explorers, these resources provide you with the insights and transparency needed to make informed decisions, manage your Solana-based assets, and participate actively in the growth of the Solana ecosystem.
As you continue to explore and engage with the Solana blockchain, remember to always prioritize security, conduct thorough research, and stay up-to-date with the latest developments. With the guidance of Solana explorers and a keen eye for detail, you'll be well on your way to unlocking the full potential of this innovative blockchain technology.
#Solana⁩ #Web3 #DeFi
$SOL

Welcome to the most electrifying journey in the Solana galaxy! IF U HERE, you're about to embark on an adventure that's as bold as it is hilarious—SUGMA DEEK! Dive into a world where crypto meets comedy, where every transaction is a punchline, and every holder is a VIP in the comedy club of the blockchain.
But wait, there's more! Connect with us beyond the blockchain. Spot us on FACEBUK and hit that 'Accept' button on our profile. We're not just a project; we're a community that laughs, earns, and grows together.
With cutting-edge tech, lightning-fast transactions, and a commitment to hilarity, we're not just breaking the mold—we're creating a new one. Whether you're here for the memes, the gains, or the sheer joy of being part of something groundbreaking, you've come to the right place.
So, what are you waiting for? Let's make history together, one giggle at a time. #SUGMADEEK #Solana⁩
Socials:
Tg: @SugmaDeekSol
X: @SugmaDeekSol
Website: SugmaDeek.com