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USD perde força
O bitcoin está sendo visto cada vez mais como uma reserva de valor por instituições ao redor do mundo, com a moeda digital valorizando mais de 160% em um ano. Enquanto isso, o banco central dos EUA (Fed) fez uma admissão discreta de que o ouro está começando a substituir o dólar americano como principal ativo de reserva.
O Fundo Monetário Internacional (FMI) também emitiu um alerta sobre o declínio “surpreendente” na participação do dólar nas reservas estrangeiras alocadas pelos bancos centrais e governos ao redor do mundo.
Os economistas do FMI, Serkan Arslanalp, Barry Eichengreen e Chima Simpson-Bell, destacaram que a diminuição do papel do dólar ao longo das últimas duas décadas não foi acompanhada por um aumento correspondente nas participações das outras principais moedas, como o euro, o iene e a libra esterlina.
Em vez disso, houve um crescimento nas participações em moedas de reserva não tradicionais, como o dólar australiano, o dólar canadense, o renminbi chinês, o won sul-coreano, o dólar de Singapura e várias moedas nórdicas.
‘Erosão furtiva’
O texto do FMI aborda que, embora o dólar continue a ser a principal moeda de reserva global, há um aumento nas reservas em moedas não tradicionais.
Sem mencionar o Bitcoin e as criptomoedas, o FMI diz que as “novas tecnologias financeiras digitais” são as principais causas dessa mudança.
Persistência do dólar: Apesar da força recente do dólar, sua participação nas reservas globais de moeda está diminuindo gradualmente. Este declínio não tem sido acompanhado por um aumento significativo nas ações de outras grandes moedas como o euro, iene e libra esterlina.
Crescimento de moedas não tradicionais: Há um aumento nas reservas em moedas não tradicionais devido à diversificação, retornos relativamente atraentes e a facilidade de compra, venda e manutenção proporcionada por novas tecnologias financeiras digitais.
Impacto das flutuações cambiais: As flutuações nas taxas de câmbio podem influenciar a composição das reservas dos bancos centrais, reforçando a tendência geral de diversificação.
Exceção chinesa: Embora o renminbi tenha ganhado espaço, sua internacionalização mostra sinais de estagnação, com uma leve redução em sua participação nas reservas desde 2022, mesmo ajustando para mudanças na taxa de câmbio.
Diversificação ampla: A diversificação para moedas não tradicionais é um movimento amplo e não apenas concentrado em alguns grandes detentores de reservas.
Impacto das sanções financeiras: Sanções financeiras podem levar os bancos centrais a mudar suas reservas para evitar o risco de congelamento, favorecendo o ouro, embora a participação do ouro nas reservas ainda seja baixa historicamente.
No início deste mês, o Federal Reserve Bank de Nova Iorque publicou um relatório que descreve as narrativas em torno do declínio das participações em dólares nas reservas oficiais e o aumento das reservas em ouro pelos bancos centrais.
O Fundo Monetário Internacional (FMI) também emitiu um alerta sobre o declínio “surpreendente” na participação do dólar nas reservas estrangeiras alocadas pelos bancos centrais e governos ao redor do mundo.
Os economistas do FMI, Serkan Arslanalp, Barry Eichengreen e Chima Simpson-Bell, destacaram que a diminuição do papel do dólar ao longo das últimas duas décadas não foi acompanhada por um aumento correspondente nas participações das outras principais moedas, como o euro, o iene e a libra esterlina.
Em vez disso, houve um crescimento nas participações em moedas de reserva não tradicionais, como o dólar australiano, o dólar canadense, o renminbi chinês, o won sul-coreano, o dólar de Singapura e várias moedas nórdicas.
‘Erosão furtiva’
O texto do FMI aborda que, embora o dólar continue a ser a principal moeda de reserva global, há um aumento nas reservas em moedas não tradicionais.
Sem mencionar o Bitcoin e as criptomoedas, o FMI diz que as “novas tecnologias financeiras digitais” são as principais causas dessa mudança.
Persistência do dólar: Apesar da força recente do dólar, sua participação nas reservas globais de moeda está diminuindo gradualmente. Este declínio não tem sido acompanhado por um aumento significativo nas ações de outras grandes moedas como o euro, iene e libra esterlina.
Crescimento de moedas não tradicionais: Há um aumento nas reservas em moedas não tradicionais devido à diversificação, retornos relativamente atraentes e a facilidade de compra, venda e manutenção proporcionada por novas tecnologias financeiras digitais.
Impacto das flutuações cambiais: As flutuações nas taxas de câmbio podem influenciar a composição das reservas dos bancos centrais, reforçando a tendência geral de diversificação.
Exceção chinesa: Embora o renminbi tenha ganhado espaço, sua internacionalização mostra sinais de estagnação, com uma leve redução em sua participação nas reservas desde 2022, mesmo ajustando para mudanças na taxa de câmbio.
Diversificação ampla: A diversificação para moedas não tradicionais é um movimento amplo e não apenas concentrado em alguns grandes detentores de reservas.
Impacto das sanções financeiras: Sanções financeiras podem levar os bancos centrais a mudar suas reservas para evitar o risco de congelamento, favorecendo o ouro, embora a participação do ouro nas reservas ainda seja baixa historicamente.
No início deste mês, o Federal Reserve Bank de Nova Iorque publicou um relatório que descreve as narrativas em torno do declínio das participações em dólares nas reservas oficiais e o aumento das reservas em ouro pelos bancos centrais.
😱👀BLUM, which distributes free airdrops, may soon be listed on the Binance exchange
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Blum just added a new task on their Crypto Bot: sign up on @Binance to get $100 in #BLUM 🤯
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$BTC
is correlating with cautious equity markets ahead of Tuesday's U.S. Consumer Price Index (CPI) report and a Federal Reserve rate announcement on Wednesday.
The expectation among investors is that the U.S. Federal Reserve does not have much space to maneuver, after much higher May payrolls lowered expectations for the central bank's first rate cut in September. According to the CME's FedWatch tool, interest rate traders are betting the Fed might keep rates on hold until November. The tool indicates a 47% probability that the Fed will maintain rates at their current levels during September's Federal Open Market Committee (FOMC) meeting.
Bitcoin follows equities lower
U.S. stock futures ticked lower ahead of the latest CPI inflation report and June FOMC meeting. Dow Jones Industrial Average futures dropped 0.38% and S&P 500 futures were down 0.23% in pre-market trading.
Meanwhile, major European and UK equity indices were red. In London, the FTSE 100 posted a 60.90-point decrease to 8,167.58 in mid-day trading.
is correlating with cautious equity markets ahead of Tuesday's U.S. Consumer Price Index (CPI) report and a Federal Reserve rate announcement on Wednesday.
The expectation among investors is that the U.S. Federal Reserve does not have much space to maneuver, after much higher May payrolls lowered expectations for the central bank's first rate cut in September. According to the CME's FedWatch tool, interest rate traders are betting the Fed might keep rates on hold until November. The tool indicates a 47% probability that the Fed will maintain rates at their current levels during September's Federal Open Market Committee (FOMC) meeting.
Bitcoin follows equities lower
U.S. stock futures ticked lower ahead of the latest CPI inflation report and June FOMC meeting. Dow Jones Industrial Average futures dropped 0.38% and S&P 500 futures were down 0.23% in pre-market trading.
Meanwhile, major European and UK equity indices were red. In London, the FTSE 100 posted a 60.90-point decrease to 8,167.58 in mid-day trading.
Go Sol!!
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Crypto Web3 Today
--
Hausse
Veteran Trader Peter Brandt Makes Epic Solana vs Ethereum Prediction.
Peter Brandt, a well-known figure in the trading community with decades of experience, recently predicted Solana price's potential to outperform Ethereum, triggering intrigue and speculation within the cryptocurrency community.
In a recent tweet, Brandt, a veteran trader, predicted that Solana (SOL) might double its value against Ethereum (ETH) if a significant resistance level is breached. This forecast comes amid ongoing market volatility, as evidenced by price drops.
Brandt has identified a key resistance point on the SOL/ETH chart. In his words, he mentions that the SOL/ETH chart is a huge resistance.
The resistance level that Brandt refers to is a technical barrier where sell orders are clustered. If buyers manage to absorb this selling pressure, SOL's price relative to ETH might rise significantly, with the prospect of SOL's worth doubling against ETH.
While it might seem that Brandt is bearish on Ethereum, he adds that he is not as bearish as his views might seem.
Brandt expressed his skepticism about ETH in an April 4 tweet, referring to it as a "junk coin." In what seemed like a shift in his position, Brandt said in a different tweet that he would not hesitate to take a leveraged long position in ETH if the charts indicated it.
At the time of writing, the SOL/ETH indicator was somewhat lower, at 0.0524. Solana was up 0.56% in the previous 24 hours to $174, while Ethereum rose 1.83% to $3,319.
Solana addresses network congestion.
Anza, a Solana-focused dev shop building the Solana client Agave, has released updates on progress in addressing the present congestion on the Solana network. The fixes are likely to be issued next week.
Anza, in collaboration with other core contributors, is analyzing the root cause of the network congestion on Solana and evaluating several potential changes.
Peter Brandt, a well-known figure in the trading community with decades of experience, recently predicted Solana price's potential to outperform Ethereum, triggering intrigue and speculation within the cryptocurrency community.
In a recent tweet, Brandt, a veteran trader, predicted that Solana (SOL) might double its value against Ethereum (ETH) if a significant resistance level is breached. This forecast comes amid ongoing market volatility, as evidenced by price drops.
Brandt has identified a key resistance point on the SOL/ETH chart. In his words, he mentions that the SOL/ETH chart is a huge resistance.
The resistance level that Brandt refers to is a technical barrier where sell orders are clustered. If buyers manage to absorb this selling pressure, SOL's price relative to ETH might rise significantly, with the prospect of SOL's worth doubling against ETH.
While it might seem that Brandt is bearish on Ethereum, he adds that he is not as bearish as his views might seem.
Brandt expressed his skepticism about ETH in an April 4 tweet, referring to it as a "junk coin." In what seemed like a shift in his position, Brandt said in a different tweet that he would not hesitate to take a leveraged long position in ETH if the charts indicated it.
At the time of writing, the SOL/ETH indicator was somewhat lower, at 0.0524. Solana was up 0.56% in the previous 24 hours to $174, while Ethereum rose 1.83% to $3,319.
Solana addresses network congestion.
Anza, a Solana-focused dev shop building the Solana client Agave, has released updates on progress in addressing the present congestion on the Solana network. The fixes are likely to be issued next week.
Anza, in collaboration with other core contributors, is analyzing the root cause of the network congestion on Solana and evaluating several potential changes.
See
LIVECrypto Daily™
--
4 Coins to Buy Now Before Massive Price Explosion
The current state of the cryptocurrency market is marked by a mix of cautious optimism and technical indicators suggesting potential shifts. Bitcoin (BTC) is testing a critical resistance zone, indicating a broader market trend. Despite the initial bullish sentiment, analysts warn of possible sell-offs in the near future, particularly with the end-of-year festive season potentially triggering accelerated profit-taking among investors.
Ethereum (ETH) and Solana (SOL), riding the wave of a bullish altcoin market, seem poised for impressive growth ahead. After months of struggling to surpass the $700 billion mark, the altcoin market cap has recently retested this level, standing at approximately $745 billion. This breakthrough, coupled with the established four-year crypto cycle driven by Bitcoin halvings, suggests that the altcoin market capitalization could see a substantial surge, potentially exceeding $2 trillion in the next 24 months.
Given the current market dynamics and the potential for a significant altcoin rally, Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), and ScapesMania (MANIA) emerge as key cryptocurrencies to watch. Their early signs of a strong upward trajectory, combined with the broader market trends, position them as potential candidates for substantial growth in the near future.
Ride The Wave Of Innovation With ScapesMania
While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal.
Presale is Live Now – Join Now for a Chance to Benefit with MANIA
Backed by an award-winning developer crew, ScapesMania stands for transparency. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.
Presale is Live, Learn More About Major Benefits
Ethereum (ETH): A Whale's Favorite Amidst Market Optimism
Ethereum (ETH) has seen a notable shift with a dormant whale moving 39,000 ETH, marking a nearly 700% gain. Ethereum (ETH) surge in the market is a clear sign of its growing clout and pivotal role in the crypto sphere. Recent trends, such as a surge in DApp volumes and protocol fees, suggest a robust demand for Ethereum (ETH).
If current trends persist, Ethereum (ETH) is anticipated to witness a price fluctuation within the range of $2,244.23 to $6,373.37 in 2024. The prevailing buzz surrounding its new technology and the increasing number of participants entering the Ethereum ecosystem suggest a potential takeoff.
With Ethereum's network activity on an upward trajectory and the potential approval of an Ether spot ETF, the outlook for Ethereum (ETH) carries a cautious optimism. Even amid a rollercoaster market and tight regulations, Ethereum (ETH) sleek new system and the buzz from major investors could mean we'll see its value start to soar. Investors should be prepared for a blend of moderate growth and occasional corrections as Ethereum (ETH) continues to undergo evolution and advancement.
Solana (SOL): On the Road to Recovery with Rising Engagement
Solana (SOL) is showing resilience post-FTX fallout, marked by a significant increase in DeFi activity and a record-breaking number of monthly active addresses, surpassing 15.6 million. Despite the positive trend and increased network activity, Solana (SOL) is still down 89% from its peak, indicating a challenging journey ahead for full recovery.
If the price continues to follow current trends, Solana (SOL) is predicted to see a price range between $98.93 and $517.94 in 2024. Solana's price trajectory, given its tech leaps and savvy market play, hints at a sharp uptick from where it stands now.
The network's market value shows signs of a potential shift, with technical indicators suggesting a bearish trend might be looming. Keep an eye on the progress of Solana (SOL). Cautiously optimistic is the way to go, because if it picks up steam, we may see its value rise.
Cardano (ADA): Experiencing a Surge in Interest and Market Capitalization
Cardano (ADA) has recently added $1 billion to its market capitalization, a direct result of a 100% spike in trading volume, reflecting growing investor interest. With an over 180% increase in its total value locked (TVL) in its decentralized finance (DeFi) space, Cardano (ADA) market presence is strengthening.
If the price continues to follow current trends, Cardano (ADA) is predicted to see a price range between $0.560 and $3.11 in 2024. If Cardano continues along this trajectory, the potential price range from just over half a dollar to beyond three dollars by 2024 underscores the significant confidence placed in its cutting-edge tech and the role it's carving out in DeFi.
Analysts predict a potential massive surge in Cardano (ADA) value, suggesting a bullish future. However, the speculative nature of the market and the potential for corrections call for a cautious investment approach. While further growth in Cardano (ADA) price is anticipated, investors should remain alert to possible downturns.
Polygon (MATIC): Gaining Attention with Strategic Moves
Polygon (MATIC) has recently attracted significant attention due to a strategic partnership with Shell for supply chain management on its network. Polygon (MATIC) strides are really making waves, showing just how it's stepping up in practical uses out there. Sure, the crypto scene is buzzing with optimism and smart moves, but let's not forget that this market swings wildly, so a level head is key.
If the price continues to follow current trends, Polygon (MATIC) is predicted to see a price range between $0.868094 and $3.34 in 2024. This hints at a solid uptick for Polygon, fueled by hope in its wider use and tech strides.
Big moves on the horizon for Polygon (MATIC), as recent splashes by big-time traders hint at its potential climb. However, investors should temper their expectations of moderate growth with the understanding that corrections are a possibility in the volatile crypto market.
Conclusion
In the dynamic and ever-evolving cryptocurrency market, Ethereum (ETH), Solana (SOL), Cardano (ADA), and Polygon (MATIC) stand out as promising investments, each with its unique trajectory and potential for substantial growth. Amidst a vibe of cautious hope, we're seeing these cryptocurrencies really start to shake things up in the market. Ethereum (ETH) is drawing attention with its whale activities and network developments, suggesting a robust demand and a cautiously optimistic future. Solana (SOL), despite facing challenges, is on a recovery path with rising engagement and network activity, though it remains susceptible to market fluctuations. Cardano (ADA) and Polygon (MATIC) are experiencing surges in interest and strategic advancements, respectively. Cardano (ADA) spike in trading volume and DeFi space growth indicates a strengthening market presence and a bullish future, albeit with the need for cautious investment due to potential market corrections. Polygon’s (MATIC) partnership with Shell and increasing whale activity point towards its growing relevance and potential for price growth, yet investors should remain aware of the inherent volatility in the crypto market.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Ethereum (ETH) and Solana (SOL), riding the wave of a bullish altcoin market, seem poised for impressive growth ahead. After months of struggling to surpass the $700 billion mark, the altcoin market cap has recently retested this level, standing at approximately $745 billion. This breakthrough, coupled with the established four-year crypto cycle driven by Bitcoin halvings, suggests that the altcoin market capitalization could see a substantial surge, potentially exceeding $2 trillion in the next 24 months.
Given the current market dynamics and the potential for a significant altcoin rally, Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), and ScapesMania (MANIA) emerge as key cryptocurrencies to watch. Their early signs of a strong upward trajectory, combined with the broader market trends, position them as potential candidates for substantial growth in the near future.
Ride The Wave Of Innovation With ScapesMania
While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal.
Presale is Live Now – Join Now for a Chance to Benefit with MANIA
Backed by an award-winning developer crew, ScapesMania stands for transparency. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.
Presale is Live, Learn More About Major Benefits
Ethereum (ETH): A Whale's Favorite Amidst Market Optimism
Ethereum (ETH) has seen a notable shift with a dormant whale moving 39,000 ETH, marking a nearly 700% gain. Ethereum (ETH) surge in the market is a clear sign of its growing clout and pivotal role in the crypto sphere. Recent trends, such as a surge in DApp volumes and protocol fees, suggest a robust demand for Ethereum (ETH).
If current trends persist, Ethereum (ETH) is anticipated to witness a price fluctuation within the range of $2,244.23 to $6,373.37 in 2024. The prevailing buzz surrounding its new technology and the increasing number of participants entering the Ethereum ecosystem suggest a potential takeoff.
With Ethereum's network activity on an upward trajectory and the potential approval of an Ether spot ETF, the outlook for Ethereum (ETH) carries a cautious optimism. Even amid a rollercoaster market and tight regulations, Ethereum (ETH) sleek new system and the buzz from major investors could mean we'll see its value start to soar. Investors should be prepared for a blend of moderate growth and occasional corrections as Ethereum (ETH) continues to undergo evolution and advancement.
Solana (SOL): On the Road to Recovery with Rising Engagement
Solana (SOL) is showing resilience post-FTX fallout, marked by a significant increase in DeFi activity and a record-breaking number of monthly active addresses, surpassing 15.6 million. Despite the positive trend and increased network activity, Solana (SOL) is still down 89% from its peak, indicating a challenging journey ahead for full recovery.
If the price continues to follow current trends, Solana (SOL) is predicted to see a price range between $98.93 and $517.94 in 2024. Solana's price trajectory, given its tech leaps and savvy market play, hints at a sharp uptick from where it stands now.
The network's market value shows signs of a potential shift, with technical indicators suggesting a bearish trend might be looming. Keep an eye on the progress of Solana (SOL). Cautiously optimistic is the way to go, because if it picks up steam, we may see its value rise.
Cardano (ADA): Experiencing a Surge in Interest and Market Capitalization
Cardano (ADA) has recently added $1 billion to its market capitalization, a direct result of a 100% spike in trading volume, reflecting growing investor interest. With an over 180% increase in its total value locked (TVL) in its decentralized finance (DeFi) space, Cardano (ADA) market presence is strengthening.
If the price continues to follow current trends, Cardano (ADA) is predicted to see a price range between $0.560 and $3.11 in 2024. If Cardano continues along this trajectory, the potential price range from just over half a dollar to beyond three dollars by 2024 underscores the significant confidence placed in its cutting-edge tech and the role it's carving out in DeFi.
Analysts predict a potential massive surge in Cardano (ADA) value, suggesting a bullish future. However, the speculative nature of the market and the potential for corrections call for a cautious investment approach. While further growth in Cardano (ADA) price is anticipated, investors should remain alert to possible downturns.
Polygon (MATIC): Gaining Attention with Strategic Moves
Polygon (MATIC) has recently attracted significant attention due to a strategic partnership with Shell for supply chain management on its network. Polygon (MATIC) strides are really making waves, showing just how it's stepping up in practical uses out there. Sure, the crypto scene is buzzing with optimism and smart moves, but let's not forget that this market swings wildly, so a level head is key.
If the price continues to follow current trends, Polygon (MATIC) is predicted to see a price range between $0.868094 and $3.34 in 2024. This hints at a solid uptick for Polygon, fueled by hope in its wider use and tech strides.
Big moves on the horizon for Polygon (MATIC), as recent splashes by big-time traders hint at its potential climb. However, investors should temper their expectations of moderate growth with the understanding that corrections are a possibility in the volatile crypto market.
Conclusion
In the dynamic and ever-evolving cryptocurrency market, Ethereum (ETH), Solana (SOL), Cardano (ADA), and Polygon (MATIC) stand out as promising investments, each with its unique trajectory and potential for substantial growth. Amidst a vibe of cautious hope, we're seeing these cryptocurrencies really start to shake things up in the market. Ethereum (ETH) is drawing attention with its whale activities and network developments, suggesting a robust demand and a cautiously optimistic future. Solana (SOL), despite facing challenges, is on a recovery path with rising engagement and network activity, though it remains susceptible to market fluctuations. Cardano (ADA) and Polygon (MATIC) are experiencing surges in interest and strategic advancements, respectively. Cardano (ADA) spike in trading volume and DeFi space growth indicates a strengthening market presence and a bullish future, albeit with the need for cautious investment due to potential market corrections. Polygon’s (MATIC) partnership with Shell and increasing whale activity point towards its growing relevance and potential for price growth, yet investors should remain aware of the inherent volatility in the crypto market.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Go Solana 😍
LIVEAMBCrypto
--
Solana breaks stablecoin transfer volume record
Solana has become the network with the highest stablecoin transfer volume.
SOL has increased by over 3% to trade around $75.
Lately, Solana [SOL] has experienced notable upward trends in several important metrics, with the stablecoins metric being the most recent to show an uptrend.
Solana tops stablecoin transfer volume chart
Based on AMBCrypto’s analysis of Artemis data, both the stablecoin market cap and stablecoin growth on Solana have witnessed an increase.
The stablecoin metric showed a notable increase in inflow, particularly in December, surpassing levels observed in previous months. This marked the first time such consistent inflow volume has been observed in several months.
Additionally, the stablecoin market cap showed a significant uptrend in December. As of this writing, it was over $1.7 billion, a level last seen in March.
Source: Artemis
Furthermore, another Artemis chart showed that Solana has consistently ranked among the top three networks with the highest stablecoin transfer volume since mid-October.
The transfer volume was over $10 billion and has been steadily rising. Notably, Solana recently claimed the top position as the network with the highest transfer volume.
According to the chart, the stablecoin transfer volume was $36.12 billion in the last seven days.
Also, the chart shows that it has seen the highest growth rate in the last 198 days. Within this period, its transfer volume was around $66.5 billion.
Solana volume and TVL maintain uptrend
Analysis of the volume chart on DefiLlama showed a sustained increase in volume since the uptick began in December. Over the past few days, the volume has consistently exceeded $500 million.
Also, it has surpassed $900 million in the last two days, approaching the billion-dollar mark.
Furthermore, the Total Value Locked (TVL) has displayed a continuous upward trend, maintaining its trajectory since entering the $1 billion range. This was shown by the fluctuating yet ascending pattern on the chart.
The TVL was around $1.08 billion at the time of this writing.
The SOL trend
As of press time, Solana was recovering after its loss in the previous trading session. The daily timeframe chart showed that it was trading at around $75, reflecting an increase of over 3%.
Is your portfolio green? Check out the SOL Profit Calculator
Additionally, the Relative Strength Index (RSI) has sustained its trend above 60 after experiencing a recent decline.
Source: TradingView
Considering the present trajectory and barring any abrupt price declines, it is probable to conclude that SOL will conclude the year above $6. Optimistically, it could finish the year within the $70 price range, or even higher.
SOL has increased by over 3% to trade around $75.
Lately, Solana [SOL] has experienced notable upward trends in several important metrics, with the stablecoins metric being the most recent to show an uptrend.
Solana tops stablecoin transfer volume chart
Based on AMBCrypto’s analysis of Artemis data, both the stablecoin market cap and stablecoin growth on Solana have witnessed an increase.
The stablecoin metric showed a notable increase in inflow, particularly in December, surpassing levels observed in previous months. This marked the first time such consistent inflow volume has been observed in several months.
Additionally, the stablecoin market cap showed a significant uptrend in December. As of this writing, it was over $1.7 billion, a level last seen in March.
Source: Artemis
Furthermore, another Artemis chart showed that Solana has consistently ranked among the top three networks with the highest stablecoin transfer volume since mid-October.
The transfer volume was over $10 billion and has been steadily rising. Notably, Solana recently claimed the top position as the network with the highest transfer volume.
According to the chart, the stablecoin transfer volume was $36.12 billion in the last seven days.
Also, the chart shows that it has seen the highest growth rate in the last 198 days. Within this period, its transfer volume was around $66.5 billion.
Solana volume and TVL maintain uptrend
Analysis of the volume chart on DefiLlama showed a sustained increase in volume since the uptick began in December. Over the past few days, the volume has consistently exceeded $500 million.
Also, it has surpassed $900 million in the last two days, approaching the billion-dollar mark.
Furthermore, the Total Value Locked (TVL) has displayed a continuous upward trend, maintaining its trajectory since entering the $1 billion range. This was shown by the fluctuating yet ascending pattern on the chart.
The TVL was around $1.08 billion at the time of this writing.
The SOL trend
As of press time, Solana was recovering after its loss in the previous trading session. The daily timeframe chart showed that it was trading at around $75, reflecting an increase of over 3%.
Is your portfolio green? Check out the SOL Profit Calculator
Additionally, the Relative Strength Index (RSI) has sustained its trend above 60 after experiencing a recent decline.
Source: TradingView
Considering the present trajectory and barring any abrupt price declines, it is probable to conclude that SOL will conclude the year above $6. Optimistically, it could finish the year within the $70 price range, or even higher.