A crypto analyst has predicted that Solana (SOL) is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800. Solana Sets Sight On $1,800 Price Increase In a recent X (formerly Twitter) post, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding Solana’s future price outlook. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs. Related Reading The crypto analyst’s optimistic forecast…
Day: July 23, 2024
Bitcoin layer-2 startup Bitlayer raises $11m
Bitlayer says it has raised $11 million in its series A round led by Franklin Templeton and ABCDE, bringing its total funding to $16 million. Bitcoin-focused layer-2 solution Bitlayer has secured $11 million in a Series A funding round led by Franklin Templeton and ABCDE to expand the list of supported protocols with the ecosystem built atop BitVM, a system that allows smart contracts to be executed on the Bitcoin network. Although the firm’s valuation wasn’t disclosed, the fresh capital is expected to bolster Bitlayer’s development of its Web3 platform,…
What to Expect on Day One as Selling Concerns Scare Some Traders
“Market participants are also closely monitoring Grayscale’s US$9 billion ETH Trust, as there are concerns that Grayscale’s potential selling pressure could counteract the positive effects of the new inflows, potentially exerting downward pressure on the market,” wrote Vivien Wong, partner at HashKey Capital’s Liquid Funds, in a Tuesday email to CoinDesk. Source
US Spot Bitcoin ETFs See Record $533.57M Inflows Ahead of Ether ETF Launch
Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. Blackrock’s IBIT Dominates Bitcoin ETF Inflows On Monday, U.S. spot bitcoin ETFs attracted $533.57 million, the highest […] Original
Why the ‘Monopoly Mhaya’ Airdrop Is a Massive Opportunity
PRESS RELEASE. 23rd July, 2024 – Mhaya Brands is thrilled to announce the launch of the ‘Monopoly Mhaya’ airdrop, a revolutionary project poised to transform users into blockchain ‘tycoons’ through relentless clicking and the pursuit of profit. Since its debut on Telegram in July 2024, ‘Monopoly Mhaya’ has taken the platform by storm, attracting a […] Source CryptoX Portal
Ether Little Changed After Spot ETF Approval
Ether was little changed after the SEC’s approval for ETH ETFs in the U.S. on Monday. The second-largest cryptocurrency traded around $3,500, just 0.2% higher than 24 hours ago. Still, it outperformed the wider digital asset market, which is 1.3% lower as measured by the CoinDesk 20 Index (CD20). Some analysts predict that the ETFs’ listings could drive the ether price up to $6,500, though inflows are not expected to be nearly as high as for their bitcoin counterparts. Steno Research predicts that the ETFs could see $15 billion-$20 billion…
XRP Rally To $0.6360 Subsides As Price Faces New Decline
In recent trading activities, XRP has taken a significant hit in its latest attempt to rally toward its previous high of $0.6360. Despite initial bullish momentum suggesting a potential breakout, XRP could not sustain its upward trajectory. The failure to reach the anticipated target has led to a notable decline in value, raising concerns among traders and analysts about the short-term outlook for XRP. As XRP struggles with these hurdles, this article seeks to analyze its current price movement and the technical indicators suggesting a sustained drop. The goal is…
Bitcoin (BTC) Fees Could be Hedged With ETH-Based Protocol
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Bitcoin Layer-2 Blockchain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton
The investment was led by ABCDE and Franklin Templeton, one of the issuers of a spot bitcoin (BTC) exchange-traded fund in the U.S. The involvement of Franklin Templeton, a trillion-dollar asset manager, suggests the traditional finance (TradFi) world is taking notice of developments in decentralized finance (DeFi). Source link
Coinbase (COIN) Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
“Notwithstanding the increased turbulence in the upcoming U.S. elections, we believe the risk/reward setup for Coinbase, particularly as to its defense against the Securities and Exchange Commission’s (SEC) lawsuit, has improved markedly in the past few weeks,” analysts led by Peter Christiansen wrote. Source