[ad_1] Solana continues to showcase a positive price movement as it outperforms the rest of the market. This recent surge in value allowed Solana to surpass Binance Coin (BNB) in market capitalization rankings last week, marking a significant milestone for the digital asset. Related Reading Delving deeper into its performance, technical analysis suggests that Solana’s bullish trend is likely to persist into the coming week. Indicators point to sustained momentum, which could see its price continue to climb. Captain Faibik stands out with a particularly bold prediction. The crypto analyst forecasted a substantial rally for Solana, projecting its price could…
Author: dfrancis36
[ad_1] Several US Democrat legislators and electoral candidates have now written to the Democratic National Committee (DNC), calling for a change in the party’s approach toward the digital asset industry. This development comes as the Republican presidential candidate, Donald Trump has continued to gain more popularity as a cryptocurrency advocate ahead of the upcoming US elections. Democrats To Counter Trump, Seek U-Turn On Crypto Policy In a letter addressed to DNC Chairman Jamie Harrison on July 26, 14 legislators and three electoral candidates requested the US Democratic Party to adopt a progressive stance on cryptocurrency and blockchain technology, stating the…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Following its unexpected approval by the United States Securities and Exchange Commission (SEC), the spot Ethereum ETFs (exchange-traded funds) became one of the most important narratives in the cryptocurrency space. However, the crypto investment products seem not to be living up to the hype after an underwhelming trading debut in the past week. Grayscale Responsible For Heavy Spot Ethereum ETF Outflows On Friday, 26th of July, the recently-launched spot Ethereum ETFs posted another day of significant outflows, marking the third consecutive day of withdrawals from these products. The exchange-traded products, which launched on Tuesday, July 23, recorded a net…
[ad_1] Indeed, the Bitcoin price has been on a hot streak in recent weeks, returning to its past heights most investors have become accustomed to. However, the past week was a somewhat quiet one for the premier cryptocurrency, as it was for most of the digital asset market. Interestingly, the latest on-chain insights suggest that the crypto market, specifically the Bitcoin market, might not be inactive for too long. BTC Price Momentum Shifts To Positive – Impact On Price? In a recent post on the X platform, popular crypto pundit Ali Martinez revealed that Bitcoin miner capitulation has seemingly come…
[ad_1] In June this year, the Solana blockchain emerged as a hub for people who liked joke currencies. It was a busy month for everyone. The ecosystem now has 30 celebrity-themed tokens that reflect famous people from different fields, such as social media influencers, singers, and reality TV stars. Even though these launches got a lot of attention, they didn’t live up to the hype; soon after they came out, the prices of a number of tokens dropped significantly. Are Solana Meme Coins Dead? Solana network statistics indicated that celebrity-backed meme coins dropped 94% in their first month. Around 50%…
[ad_1] Bitcoin has proven to be a significant part of the upcoming United States Presidential election, garnering interest among major political figures. As the election approaches, Republican presidential candidate Robert F. Kennedy Jr. has called on the nation to acquire millions of BTC as a strategic reserve asset, which he believes could strengthen the US dollar. Kennedy Jr. Pledges To Make Bitcoin A Strategic Reserve Asset In a bold statement at the Bitcoin 2024 conference on July 26, Kennedy Jr. reiterated his plans to make Bitcoin a strategic reserve asset in the US should he emerge as the new president…
[ad_1] With the Spot Bitcoin and Ethereum ETF already trading, there have been discussions about whether or not fund issuers will apply for other crypto ETFs. Specifically, market experts have questioned if the world’s largest asset manager, BlackRock, will file for spot ETFs for other altcoins like Solana and XRP. BlackRock Unlikely To File For Spot ETFs For Solana And XRP BlackRock will unlikely file for spot ETFs for Solana and XRP anytime soon. This is based on BlackRock’s digital assets head, Robert Mitchnick, who stated that the asset manager sees “very little interest” in crypto beyond Bitcoin and Ethereum.…
[ad_1] On Friday, US Sen. Tim Scott, the top Republican from South Carolina who is a member of the Senate Banking Committee, was among keynote speakers at the Bitcoin 2024 conference. Scott, who might chair the committee if Republicans regain control of the Senate, gave a strong message: the government should support the crypto industry. “We have to get rid of the guys who are in the way,” Scott said, referring especially to Securities and Exchange Commission (SEC) Chair Gary Gensler as a main impediment to crypto innovation. Speaking with fellow crypto enthusiast US Sen. Cynthia Lummis (R-Wyo.), Scott’s comments…
[ad_1] The crypto analytics firm Santiment outlined potentially bullish altcoins as digital asset markets ticked upwards on Friday. Santiment analyzes assets by their market value-to-realized-value (MVRV) Z-score, which aims to measure whether they are undervalued or overvalued. An asset tagged with a low MVRV Z-score is seen as undervalued while those with a high MVRV Z-score are viewed as overvalued. Meanwhile, realized value records the price of each asset when it last moved and aims to gauge how many holders are in profit or at a loss. Explains Santiment, “If you believe markets are about to surge, history says that…