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Will #Solana reach $450?

Solana price $SOL hits 3-month high
These 5 analysts expect a new yearly high

Solana (SOL) price has been rising rapidly since October 13 and is approaching its yearly high.

Solana price also broke an inverse head and shoulders pattern.
How long will it continue to rise?

Analysts are optimistic about Solana
Analysts at #criptomonedas have a predominantly bullish sentiment towards Solana.

Tradermayne believes the price will rise to $40. But his bullish analysis is conditional on a bullish weekly candle close.

Rager and DaanCrypto also noted the importance of the $38 horizontal resistance area, which coincides with the yearly high. This area has been crucial since 2021, supporting and resisting.

Finally, CryptoGodJohn believes that SOL price will eventually reach $250 in the long term and may even reach $450 if it reaches the market cap of #Ethereum

Will it reach the new yearly high?
The daily time frame shows that SOL price has been trading within an inverse head and shoulders (IH&S) pattern since February.
The IH&S is considered a bullish pattern, which usually leads to breakouts.

Today, SOL price is in the process of breaking out of the pattern neckline. A daily close above $26 will confirm the altcoin's breakout.
#crypto2023 #cryptocurrency

Bitcoin nears $100,000 as crypto market cap hits record $3.4 trillion

BTC’s strength is triggering a rotation into other major tokens ahead of the weekend, fueled by renewed bullish hopes for a crypto-friendly Trump administration set to take office in January.

The overall market cap sits at a record $3.4 trillion, up 4.5% over the past 24 hours, driven primarily by BTC’s 2% jump (BTC accounts for over 56% of the total market cap) and the CD20 Index up over 6.6%

BTC spot exchange-traded funds offered in the US saw over $1 billion in net inflows, data shows, led by BlackRock’s IBIT with $600 million in purchases. Fidelity’s FBTC saw over $300 million in inflows, with no outflows from any of the eleven ETFs.

Traders expect BTC prices to continue to hold strong in the near term.

“We continue to see strong demand for BTC coupled with further monetary policy easing by global central banks, BTC prices are likely to remain supported as we approach the end of the year,” traders at QCP Capital said in a Friday broadcast. “Throughout the week, our desk observed aggressive demand on the March and June calls, indicating long-term bullish sentiment from investors for the year ahead.”
#BTC☀ #Bitcoin❗ #BinanceSquareFamily #BTC100KToday? #HotTrens $BTC

The president of the SEC, Gary Gensler, will step down as Trump signals a pro-cryptocurrency agenda

The chairman of the U.S. Securities and Exchange Commission, Gary Gensler, is stepping down after years of leading efforts to regulate the cryptocurrency industry.

Gensler plans to leave the agency on January 20, 2025, according to a statement released by the agency on Thursday. Gensler said it was a "lifelong honor" to work with his SEC colleagues.

“I thank President Biden for entrusting me with this incredible responsibility. The SEC has fulfilled our mission and enforced the law without fear or favor. I have greatly enjoyed working with my fellow commissioners, Allison Herren Lee, Elad Roisman, Hester Peirce, Caroline Crenshaw, Mark Uyeda, and Jaime Lizárraga,” Gensler said in the statement. “I also thank Congress, my colleagues across the U.S. government, and other regulators around the world.”
#SEC #BTC☀ #Bitcoin❗ #BinanceSquareFamily #GaryGensler $BTC
$SOL

What does an Exchange look for in a memecoin to be listed?

Community, sentiment, FOMO, exponential growth, and cult.

Meme coins thrive on community support, where value is largely driven by enthusiasm, humor, and the viral potential of the meme associated with the coin.

When the sentiment around a meme coin is strong enough, it can evolve into what could be described as a "cult" following.

What is Sentiment in Cryptocurrencies?

In the world of cryptocurrencies, sentiment refers to the expectations and emotions of investors and traders regarding the price of an asset. This encompasses both optimism and pessimism generated around a #token or project. In the case of memecoins, which are coins without a clear utilitarian purpose, sentiment is often what drives their price.

The most recent example is #CHILLGUY

A memecoin that has gone viral, already surpassing over 111 thousand holders.

The richest man in the world, Elon Musk, did not overlook this and has retweeted TheGregYang's post.

The President of El Salvador, Nayib Bukele, has posted the image of the ChillGuy dog, and Anatoly Yakovenko, co-founder of Solana, quoted him asking "What?".

CoinMarketCap asks "Who do we vibe with?", accompanied by the image of the dog.

Cryptocurrency exchanges, which are platforms where users buy and sell cryptos, make strategic decisions when listing a new #memecoin, evaluating each point such as:

Popular Demand
Marketing and Visibility
FOMO

Once all of this comes together, exchanges notice the growing interest and begin to list the token, generating even more enthusiasm and more purchases.
DYOR
#Memecoins🤑🤑 #meme_coin #BinanceSquareFamily #ETH🔥🔥🔥🔥

Trump's team is considering a new role in the White House focused on cryptocurrency policy

The team of elected President Donald Trump is considering creating a position specifically focused on cryptocurrency policy, marking a novelty in the White House, according to Bloomberg.

Trump's team is evaluating candidates for that position, Bloomberg reported on Wednesday, citing individuals familiar with the matter.

It is unclear whether the position would be more similar to a senior staff position in the White House or that of a "cryptocurrency czar," Bloomberg reported.

Trump embraced cryptocurrencies during last year's electoral season when he promised to fire the chairman of the U.S. Securities and Exchange Commission, Gary Gensler, pledged to commute the life sentence of Silk Road founder Ross Ulbricht, create a Presidential Cryptocurrency Advisory Council, and establish a national strategic reserve of bitcoins.
#BTC☀ #Bitcoin❗ #donaldtrump #BinanceSquareFamily #BitcoinStrategy $BTC

MicroStrategy increases senior convertible bond offering to $2.6 billion to acquire more bitcoin

MicroStrategy, the business intelligence firm and corporate holder of bitcoins, has increased its latest offering of senior convertible bonds to $2.6 billion from the $1.75 billion previously announced.

The company intends to use the net proceeds from the offering to "acquire additional bitcoins and for general corporate purposes".

Subject to market conditions and other factors, the bonds, maturing in 2029, will be issued in a private offering to qualified institutional buyers, the company said in a statement. They are not guaranteed, bear an interest rate of 0%, and are convertible into cash, Class A common stock of MicroStrategy, or both, at the company’s option.

MicroStrategy also provided initial purchasers of the notes with a three-day option, starting from the issuance date, to purchase up to an additional $400 million in total principal amount of the notes; the offering is expected to close on November 21.

MicroStrategy estimates that the net proceeds from the sale of the notes will generate approximately $2.58 billion after expenses, or $2.97 billion if the initial purchasers exercise their full option to purchase additional notes.
#MicroStrategу #michaelsaylor #BTC☀ #Bitcoin❗ #BinanceSquareFamily $BTC

Imagine a financial revolution where humor, culture, and community drive the economy

Memecoins are not just the next big novelty in #cryptocurrency, they are about to redefine the entire landscape of global finance.

They represent the democratization of wealth creation, where anyone with an idea, a meme, or a shared cultural identity can participate in financial markets.

This is more than a trend, it is a seismic shift where the power of virality, social media, and collective belief systems can overshadow traditional financial metrics.

Memecoins will be the bridge that brings the digital and cultural zeitgeist directly to the heart of financial systems around the world, making finance more accessible, appealing, and reflective of the people's voice.

Get ready, because the global financial narrative is about to be rewritten by memes.
#Memecoin🤑🤑 #mememcoinseason2024 #meme_coin #BinanceSquareFamily #doge⚡ $DOGE
$WIF
$PEPE

Frenzy Alert, JPMorgan's Bitcoin Retail Sentiment Index Hits All-Time High

As BTC surpassed the $93,000 mark last week and inflows to U.S. spot ETFs and cryptocurrency stocks increased, JPMorgan's retail sentiment score rose to a record 4. The measure is designed to gauge retail investors' sentiment towards cryptocurrencies, particularly bitcoin, based on activity in the BTC product family, including spot ETFs.

"Within the ETF space, demand for Bitcoin ETFs was particularly strong (IBIT +3.4z) following the election results. The demand for Bitcoin was also reflected in COIN (+6z). In fact, its sentiment score for the Bitcoin family (both for physical ETFs and others) soared to a multi-sigma high," the JPMorgan equity research team said in a client note last week, which analyzed the imbalance in retail orders.

A z-score of 3.4 or higher indicates a substantial and positive deviation from the average, indicating strong demand.
#BTC☀ #bitcoin☀️ #BinanceSquareFamily #Memecoins🤑🤑 #XRPPriceAction $BTC

BlackRock's Bitcoin ETF Hits New Daily Volume Record as BTC Surpasses $88,000

As Bitcoin surpassed $88,000 for the first time on Monday, BlackRock's BTC spot exchange-traded fund set a new daily trading volume record, according to Bloomberg senior ETF analyst Eric Balchunas.

BlackRock's spot bitcoin ETF generated $4.5 billion in daily trading volume, according to Balchunas, who posted the results on X.

"The Bitcoin Industrial Complex (ETF + MSTR, COIN) saw $38 billion in trading volume today, which is an all-time high everywhere, including $IBIT which saw $4.5 billion, indicating a solid week of capital inflows. It was a crazy day, truly deserving of a name like Volmageddon."
#BTCBreaks88k #MicrosoftBitcoinRejection #BTC☀ #Bitcoin❗ #BinanceSquareFamily $BTC

Since Trump's victory in the elections, the cryptocurrency market capitalization has increased by $400 billion, with Dogecoin emerging as the best-performing currency after the elections, with an impressive surge of 92% in the last week.

💰 Bitcoin has risen by 17%.
💰 Ethereum by 29%.
💰 Solana by 29%.

In two of the last five days, the daily trading volume has reached $200 billion.
Binance's spot volume increased to $42 billion this Sunday, compared to $12 billion the previous Sunday.

#Bitcoin #Ethereum #Solana🚀 #dogecoin #BinanceSquareFamily $BTC $ETH $SOL

Solana joins $100 billion club, hits near three-year high above $210

The fourth-largest cryptocurrency could potentially hit its 2021 all-time high of $260 in the coming days given its relative strength through the cryptocurrency’s eight-month-long consolidation phase, one analyst noted.

Sol surpassed its March-April cycle highs and touched $212 for the first time since the peak of the 2021 crypto bull market. The token has gained 34% over the week, leading BTC’s 18% move and the broader market’s CD20 index’s 27% advances. SOL’s all-time high was $260, or just over 20% above the current price of $214.

This week’s gains catapulted Sol to a market cap of over $100 billion, joining only three other cryptocurrencies with a much longer history above that threshold
Bitcoin, of course, the leading layer-1 smart contract platform Ethereum and the stablecoin Tether USDT.

Can Solana Overtake Ethereum?

The “turnaround” chatter has returned to x on crypto, though this time it’s about the idea that Solana’s market cap of $$SOL could at some point surpass that of $ETH, which currently sits at around $389 billion.

Solana’s milestone has broader implications for the cryptocurrency market, noted Julien Bittel, head of macro research at Global Macro Investor. SOL broke out of an eighth-month-long sideways consolidation channel, suggesting that the broader cryptocurrency bull market may have entered the most explosive phase, often referred to as the “banana zone” for its near-vertical rally.
#SolanaUSTD #SOL #AltCoinSeason #SOLFutureRise #BinanceSquareFamily
$SOL

Bitcoin to benefit from Trump presidency and MicroStrategy plan

Now that Donald Trump has won the US presidency, both gold and bitcoin are expected to perform well, according to JPMorgan analysts, who highlight the "debasement trade."

Debasement trading refers to an investment strategy that profits from the devaluation or weakening of a currency, usually due to inflationary or expansionary fiscal policies. In this trade, investors buy assets such as gold and bitcoin, which are seen as stores of value that can maintain their value even when a currency's purchasing power declines.

"Currency devaluation is likely to be reinforced by both tariffs and geopolitical tensions, as well as expansionary fiscal policy ('debt debasement')," JPMorgan analysts, led by managing director Nikolaos Panigirtzoglou, wrote in a report on Wednesday. "We do not see the initial negative reaction of the gold market as a rejection of 'currency debasement' following Trump's victory. After all, bitcoin, the other component of 'currency debasement', rallied following Trump's victory."

Gold and bitcoin prices expected to rise

The pace of central banks' gold purchases will be crucial in determining the gold price trajectory through 2025, JPMorgan analysts said. Central banks significantly increased their gold holdings in 2022 after the war in Ukraine broke out and sanctions were imposed on Russia, the analysts noted. While the People's Bank of China, the country's central bank, has halted its gold purchases since last April, ongoing tariffs and geopolitical tensions are expected to prompt further diversification by central banks, including the People's Bank of China, away from dollar reserves and toward gold.
#BTC☀ #Bitcoin❗ $BTC

Attention, crypto enthusiasts! 🚀

The question we're all asking ourselves
Are you ready for the bull run that could be right around the corner❓📈💥

After a period of consolidation, the crypto market is starting to show clear signs that something big could be about to happen. Institutional adoption is booming, 250 pro-crypto congressmen who could start working on regulations to make them clearer, and, if that weren't enough, investor confidence is returning. Everything seems to indicate that the bull run is about to arrive!

But, as always, volatility is the queen of this space. The gains can be big, but the falls can also be fast. 🏃💨

So, the big question is

🔑Are you really ready for the bull run? Have you reviewed your strategies?

Do you know the risks, the key signals to follow, and, above all, your investment limits?

Or are you waiting for a final confirmation signal before entering?

I invite you to share your opinion.
#BTC☀ #Bitcoin❗ #DogeArmyComeBack #BinanceSquareFamily #SOLFutureRise $BTC
$SOL
$DOGE

The triumph of #Trump is also that of cryptocurrencies

Gensler and the regulatory clouds will likely disappear

The former U.S. president #donaldtrump will return to the White House, after obtaining 277 electoral votes, more than enough to defeat the vice president #kamalaHarris and forecasting a more permissive regulatory environment for cryptocurrencies in the world's largest economy.
#BTC☀ #BinanceSquareFamily $BTC

Chainlink, UBS Asset Management, and Swift complete a pilot project to extract cash from tokenized funds

The pilot project was carried out as part of the Guardian Project of the Monetary Authority of Singapore.

Blockchain company Chainlink, global financial messaging platform Swift, and the asset management unit of Swiss bank UBS announced that they successfully concluded a pilot test of the ability to settle and redeem fiat cash from tokenized funds.

The project, completed as part of the Guardian Project of the Monetary Authority of Singapore (MAS), demonstrated how Swift's infrastructure can facilitate cash settlements off-chain for tokenized funds. It also shows how tokenization and blockchain can work to enhance, not replace, Swift, which connects over 11,500 financial institutions in more than 200 countries.

As Singapore and other jurisdictions around the world offer more tokenized funds, the ability to obtain quick and efficient access to cash (which is what the multibillion-dollar traditional finance (TradFi) industry wants to establish) is important.

"I think this shows where we are headed with our work with Swift and how it can be useful for various parts of the financial services industry," said Sergey Nazarov, co-founder of Chainlink, in an interview.

Nazarov stated that the pilot allows the vast market of TradFi investors to subscribe to tokenized funds through a Swift transfer they are already familiar with, rather than a stablecoin, a central bank digital currency (CBDC), or another digital asset.

"We have been emphasizing the need for the large institutional market, where most of the world's value currently resides, to flow into the blockchain industry for years. Now we are helping to facilitate this transition in a reliable, technical, and secure manner," Nazarov said.
#chainlik #LINK🔥🔥🔥 $LINK #BinanceSquareFamily #HotTrens

Bitcoin Spot ETFs See $541 Million Outflows, Largest Daily Negative Flow Since May

Bitcoin exchange-traded funds in the United States saw net outflows of $541 million on Monday, marking their largest daily net outflow since May 1 and the second-largest negative flow since trading began in January.

“Following last week’s record inflows, some degree of rebalancing is expected as investors take profits and adjust their portfolios in anticipation of market volatility,” said Rachael Lucas, cryptocurrency analyst at BTCMarkets. “The timing is likely to coincide with the upcoming US election results, as many market participants take a ‘wait-and-see’ stance amid heightened geopolitical and political uncertainty.”

Eight bitcoin spot ETFs saw net outflows yesterday, with Fidelity’s FBTC seeing net outflows of $169.6 million. Monday also marked FBTC’s second-largest daily net outflow since its debut, according to data from SoSoValue.

21Shares’ Ark and ARKB saw net outflows of $138.26 million, and Bitwise’s BITB had net outflows of $79.84 million. Grayscale’s GBTC and its Mini Bitcoin Trust also reported net outflows of $63.66 million and $89.49 million, respectively. Franklin Templeton, VanEck, and Valkyrie funds also saw net outflows on Monday.

The only net inflows yesterday came from BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, which saw $38.42 million in net inflows.

#BTC☀ #Bitcoin❗ #BitcoinETF #BinanceSquareFamily #HotTrens $BTC

New global stablecoin in dollars backed by Robinhood, Kraken, Paxos, and other heavyweights in the cryptocurrency world

The Global Dollar Network, whose participants will earn returns by helping to foster the adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital, and Nuvei.

A group of heavyweights in the cryptocurrency space is backing a new regulation-focused stablecoin, Global Dollar (USDG), which aims to return the earnings generated from its reserve assets to participants who help accelerate its adoption.

Known as the Global Dollar Network, the original partners are Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood.

The USDG stablecoin is issued from Singapore by Paxos and "substantially complies" with the upcoming stablecoin framework of the Monetary Authority of Singapore, according to a press release.

"This is meant to really be a community token," said Paxos CEO Charles Cascarilla in an interview. "Anyone can join the Global Dollar Network and earn rewards for the activity. We are distributing something like 97% of the economy. That’s a big difference from how other stablecoins have been set up and created to date."

The income generated from the USDG reserves, which like many stablecoins are U.S. Treasury bonds, will be shared among participants based on how these companies can create connectivity and liquidity, Cascarilla said.

"The way we’ve organized this is that participants receive rewards for activities that help increase the utility of the network," he said. "That could be for various activities; different participants may receive rewards in different ways, because not everyone does the same thing, and that’s what makes an ecosystem thrive."
#USElections2024Countdown #BinanceSquareFamily #HotTrens #USDG #TetherAEDLaunch

Michigan State Pension Fund Reveals Ethereum ETF Holdings Worth Over $10 Million

The State Retirement System of Michigan has disclosed a new stake in Grayscale’s Ethereum exchange-traded fund, becoming the first pension fund to do so since the ETH-based financial instrument began trading in July.

The Michigan pension agency disclosed in a 13F filing that it owned 460,000 shares of Grayscale Ethereum Trust (ticker: ETHE), valued at about $10 million at the end of the third quarter, making it one of the top five holders of the fund, according to VanEck’s Matthew Sigel. It also disclosed holdings of 460,000 shares of Grayscale Ethereum Mini Trust ETF (ETH), valued at about $1.1 million.
#ETH #ETH🔥🔥🔥🔥 #Ethereum #BinanceSquareFamily #USElections2024Countdown $ETH

Solana recorded its highest number of monthly active addresses, surpassing 120 million in October

Solana had its highest monthly number of active addresses last month, more than 123 million.

The number of unique addresses that signed transactions on Solana increased by more than 42% compared to the September figure. The network had fewer than 12.7 million active addresses in January of this year.

Analysts say that the recent surge in Solana's activity is driven by the growing popularity of memecoin trading on the network, supported by platforms such as the memecoin generation app Pumpfun and the decentralized exchange Raydium, which experienced strong activity over the last month.

This comes after the October a16z State of Crypto report showed over 100 million monthly active addresses on Solana compared to approximately 57 million on Ethereum and other EVM chains, suggesting greater user engagement on Solana.

Pumpfun had a monthly income of over $30.5 million in October, while Raydium recorded a trading volume of over $30 billion during the month, according to data from DefiLlama.

"Specifically, Pumpfun has recorded a record number of new tokens launched in October, while Raydium also recorded the highest monthly volume in the same month," noted Eden Au, research director at The Block.
#Solana #sol #Solana_Blockchain #BinanceSquareFamily #HotTrens $SOL

Bernstein raises its price estimate for bitcoin for Harris's victory to $50,000, keeps Trump at $80-90K

Analysts at the research and brokerage firm Bernstein predict a target price of $200,000 by the end of 2025, regardless of the outcome of the U.S. elections on Tuesday.

Republican Donald Trump is seen as the pro-cryptocurrency candidate compared to the potential continuation of Kamala Harris's aggressive stance on cryptocurrencies over the past four years, although the party has shown a marked shift in tone in recent months.

The main drivers of Bitcoin are
The fiscal indiscipline of the United States
Record levels of debt
Monetary expansion, which increases the demand for hard assets
And the success of U.S. spot Bitcoin ETFs further accelerates this trend with enough room for growth, the analysts said.

"The genius of Bitcoin has come out of the bottle and it is difficult to reverse this course. Our price target for Bitcoin by the end of 2025 remains $200,000 regardless of the election outcome."
#BTC☀ #Bitcoin❗ #USElections2024Countdown #BinanceSquareFamily #trumpVSharris $BTC