Binance Square
Start
Avisering
Profil
Populära artiklar
Nyheter
Kreatörcenter
Inställningar
LIVE
LIVE
MarsNext
--・56.2k views
🔥🔥🔥 #Solana⁩ Price Forecast: Can SOL avoid $100 Reverse in May 2024? Solana validators withdrew $1.9 billion in SOL over two weeks amid a market downturn. SOL dropped to $118.72 on May 1, down 41% in April due to network congestion and reduced demand. #StakingRewards data shows SOL staking deposits fell from 378.5 million to 362.6 million SOL, reflecting a $1.9 billion withdrawal. Solana's transaction failure rate exceeded 60.5% on April 30, impacting DeFi, Memes, and NFT projects. This contradicts Solana's promise of fast, efficient transactions, prompting validators and #DEFI investors to unstake SOL and explore alternatives. Solana Price Forecast: Bears Target $100 Reversal in May 2024 Validators' massive unstaking drove SOL's decline. Network congestion suggests SOL could drop to $100 in May 2024. Technical indicators support this view. SOL trades below the lower Bollinger Band limit at $124, indicating strong bearish sentiment. With limited support, SOL risks hitting $100. However, the RSI nearing oversold territory at 32.6 suggests a rebound if prices reach $110, possibly rising to $150. Source - thecryptobasic.com

🔥🔥🔥 #Solana⁩ Price Forecast: Can SOL avoid $100 Reverse in May 2024?

Solana validators withdrew $1.9 billion in SOL over two weeks amid a market downturn. SOL dropped to $118.72 on May 1, down 41% in April due to network congestion and reduced demand.

#StakingRewards data shows SOL staking deposits fell from 378.5 million to 362.6 million SOL, reflecting a $1.9 billion withdrawal. Solana's transaction failure rate exceeded 60.5% on April 30, impacting DeFi, Memes, and NFT projects.

This contradicts Solana's promise of fast, efficient transactions, prompting validators and #DEFI investors to unstake SOL and explore alternatives.

Solana Price Forecast: Bears Target $100 Reversal in May 2024

Validators' massive unstaking drove SOL's decline. Network congestion suggests SOL could drop to $100 in May 2024.

Technical indicators support this view. SOL trades below the lower Bollinger Band limit at $124, indicating strong bearish sentiment. With limited support, SOL risks hitting $100.

However, the RSI nearing oversold territory at 32.6 suggests a rebound if prices reach $110, possibly rising to $150.

Source - thecryptobasic.com

Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Se användarvillkor.
0
Svar 4
Offert 2
Utforska innehåll för dig
Registrera dig nu för en chans att tjäna 100 USDT i belöningar!
eller
Registrera dig som en enhet
eller
Logga in
Relevant kreatör
LIVE
MarsNext
@MarsNext

Utforska mer från Creator

👉👉👉 #JackDorsey 's Block Adding More #bitcoin to Balance Sheet, Presents Road Map for Others Payment company Block (SQ) has initiated a dollar-cost averaging (DCA) strategy to augment its already substantial bitcoin ($BTC ) holdings. Under the leadership of CEO Jack Dorsey, the company began allocating 10% of its monthly bitcoin-related gross profit towards purchasing additional bitcoin starting in April. This strategy is set to continue each month throughout the remainder of 2024. In the first quarter, Block reported $80 million in bitcoin gross profit. If this level of profit persists for the rest of the year, the company's DCA program would result in an additional $24 million worth of bitcoin being added to its balance sheet. Block already boasts significant bitcoin holdings, having acquired 4,709 bitcoins in October 2020 and an additional 3,318 tokens in early 2021. At the current price of approximately $59,000 per bitcoin, this stash is valued at roughly $4.7 billion. In addition to this announcement, the company has unveiled its Bitcoin Blueprint For Corporate Balance Sheets. This blueprint outlines the process through which Block is able to acquire substantial amounts of cryptocurrency without causing significant market movements. It also details how the company manages custody, insurance, and accounting for its bitcoin holdings. Source - finance.yahoo.com
--
💥💥💥 Why #bitcoin , #Ethereum , and #Dogecoin‬⁩ Surged Today The #cryptocurrency market surged after Federal Reserve Chairman Jerome Powell hinted at a potential rate cut, catching many investors off guard, as they had anticipated a hike. With a more accommodative monetary policy on the horizon, risk assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) all saw gains of 3.8%, 2.2%, and 4% respectively, by 4 p.m. ET Thursday. Besides Powell's comments, specific factors are influencing these digital assets: - Bitcoin's Outlook: Despite concerns about momentum loss, Bitcoin's near and medium-term outlook is bullish. Lower interest rates are expected to weaken the U.S. dollar, benefiting commodities and store-of-value assets like Bitcoin. - Ethereum's Prospects: Ethereum stands to gain from capital inflows into cryptocurrencies. Expectations for SEC approval of spot Ethereum ETFs and its transition to a proof-of-stake protocol enhance bullish sentiment. - Dogecoin's Appeal: Dogecoin remains a speculative asset favored by traders seeking short-term gains. Recent liquidation data may have contributed to its pronounced move during the rally. - Sustainability of the Rally: While the surge is significant, broader context is crucial. Bitcoin remains below its all-time high, and the rally's sustainability depends on factors like additional catalysts and market sentiment. Monitoring Bitcoin is key, as it often dictates the direction of the overall cryptocurrency market. Source - finance.yahoo.com
--
👉👉👉 BlockDAG Adds #shibaInu as Payment Option for Its Native Token In a bid to cater to the diverse preferences of its users, BlockDAG has introduced a wide array of new #cryptocurrencies as payment options for those interested in acquiring BDAG. The goal is to enhance accessibility and convenience for potential investors. Traditionally, cryptocurrencies like #bitcoin , #Ethereum , and #Solana⁩ have dominated the landscape. However, BlockDAG is challenging this status quo by offering an expanded selection. Users can now utilize popular coins such as BTC, USDT (Tron), Doge, SHIB, Solana, XRP, Polygon (MATIC), Kaspa, Fantom, and Cardano to purchase its native token, currently in pre-sale. Catering to Investor Preferences - With over $22 million secured in pre-sale funds and a promised $100 million in liquidity, BlockDAG is reportedly capturing the attention of investors beyond traditional Bitcoin and Ethereum enthusiasts. Its blend of blockchain and Directed Acyclic Graph (DAG) technologies, as outlined in DAGPaper V2, is enticing to investors seeking alternative opportunities in the crypto space. Ultimately, by accommodating a variety of cryptocurrencies, BlockDAG ensures that users can transact seamlessly according to their preferences. The Mobile Mining Advantage - BlockDAG's approach goes beyond payment options. The introduction of mobile mining through the BlockDag X1 miner revolutionizes crypto mining by leveraging the power of smartphones. With no need for specialized hardware or excessive energy consumption, users can effortlessly mine BDAG coins directly from their mobile devices. - With a total supply of 150 billion coins and a halving event every 12 months, BlockDAG implements measures to manage growth responsibly and prevent excessive inflation. Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com
--
#Ethereum Records 267K New #wallets , the Highest in Nearly 2 Years Ethereum has seen a surge in new wallet creation despite market downturns, hinting at renewed interest in the network. Santiment data shows a spike of nearly 267,000 new wallets over April 28 and 29, the largest in nearly six months. This growth reflects ongoing enhancements in scalability and security. CoinMarketCap data reveals that most Ethereum addresses hold small balances, with only a fraction having substantial holdings. Whales, though few in number, control around 40.75% of the circulating supply, each holding an average of $3.66 million worth of ETH. Investor holding patterns vary, with the majority classified as long-term holders, indicating confidence in Ethereum's future. Medium-term holders make up a smaller portion, while traders holding for shorter durations represent the smallest group. Despite a recent 3.80% price decline, Ethereum has outperformed the broader #cryptocurrency market, which saw an average decline of 8.80%. ETH's current price is $2,992, with a market capitalization of $355.6 billion. Source - thecryptobasic.com
--
🔥🔥🔥 $XRP Price Outperforms #CryptoMarkets as Open Interest Holds at $540M XRP's price hit a standstill at $0.51 on May 2, 2024, and despite encountering market fluctuations over the past month, derivatives traders are displaying notable resilience. Outperforming the Market: - Despite experiencing volatile swings in April, with a 24% decline for the month, recent market activity indicates that XRP has outpaced Bitcoin, #Ethereum , and the broader crypto market in the last 10 days. - Analysis reveals that since April 23, XRP's price has decreased by 10.1%, while the TOTAL CRYPTOCAP chart, tracking the market capitalization of all listed crypto assets, shows a 13.3% decline during the same 10-day timeframe. - This suggests that XRP's price has outperformed the overall #CryptoMarket by a margin of 3% in the recent week. Optimism Among Speculative Traders: - Beyond the price charts, trends observed in the derivatives markets indicate that optimistic speculative traders are driving XRP's resilient price performance relative to the broader crypto sector. - Coinglass' Open Interest chart indicates real-time fluctuations in the value of active futures contracts opened for XRP. On April 23, XRP's open interest stood at $562.3 million, decreasing to $540.2 million by May 2, a 4% decline of $22 million. - XRP's price decreased by 10.1% recently, yet stable open interest indicates investor confidence and bullish sentiment. Forecast for XRP Price: - Based on the analyzed market data, stable open interest may support XRP's price above $0.50 in the coming days. However, a definitive rebound toward $0.60 depends on demand returning to the broader crypto markets. - XRP, trading slightly above the 20-day SMA at $0.51, shows bullish momentum. Resistance lies at $0.55, marked by the upper Bollinger band. On the downside, losing the $0.45 support may turn the trend bearish, but steady open interest and potential support at $0.48 suggest this scenario is unlikely in the near term. Source - thecryptobasic.com
--

Senaste nytt

Hong Kong Asset Management Firms Purchase $112 Million in US Bitcoin Spot ETFs
--
Polkadot's Price May Recover Soon, Technical Analysis Suggests
--
Crypto Analyst PlanB Identifies $60,000 As Key Support Level In Bull Market
--
Financial Guru Robert Kiyosaki Shares Six Rules For Surviving A Market Crash
--
Decentralized Trading Platform Velodrome To Launch Superchain Beta Version
--
Visa mer
Webbplatskarta
Cookie Preferences
Plattformens villkor
Webbplatskarta
Plattformens villkor
ba-one-trust-cookie