Tag: Rally

Solana price hits a new 2023 high — What’s behind the SOL rally?

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Solana’s native token, SOL (SOL), experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX’s bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the failed exchange’s assets, which included 55.75 million SOL, in September 2023. Investor enthusiasm for SOL’s price increase may be attributed to the fact that some of the tokens from the bankruptcy proceedings are either vested or locked. Furthermore, there’s a weekly…

Bitcoin (BTC) Funds Hit All-Time High Crypto Holdings as 125% BTC Price Rally Entices Investors

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Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it’s Hougan’s contention that the majority of financial advisors continue to believe a spot ETF isn’t coming until 2025 or later. Original

Top 5 Meme Coins That Are Outperforming The Altcoin Rally

The altcoin market rally has been the talk of the crypto community lately and it has been with good reason. Amid this rapid rise of cryptocurrencies across the board, meme coins have been doing well. But just like any asset class, there are some that have performed better than others. CorgiAI (CORGIAI) Leads Meme Coins Gains CorgiAI (CORGIAI) is an interesting take on the Dog meme coins. But instead of using the widely popular Shiba Inu breed, the project chose the Corgi breed for their purposes and this seems to…

JPMorgan Suggests Rally May Be Reaching Its Peak

JPMorgan analysts have cast a skeptical eye over the recent crypto rally, indicating it may be built on sand rather than solid ground. Their latest report conveys a guarded stance, suggesting that the market’s exuberance may be outpacing the underlying fundamentals. As the market’s enthusiasm swells, fueled by pivotal developments such as the US Securities and Exchange Commission’s (SEC) potential green light of the spot Bitcoin exchange-traded fund (ETF), these financial experts are urging caution, advocating a closer examination of the elements at play. A Closer Look At ETF Approval And Regulatory…

2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?

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In other words, despite signs of a thaw, crypto winter may not be over. There’s hope that the months-long deep freeze drove out the riff-raff, while the brightest minds continued to build. And while a “killer app” hasn’t been found, it’s clear enough the industry has a committed user base. But along with the  institutional capital, supposedly waiting on the sidelines to be deployed after a BTC ETF goes live, are likely another wave of speculators and scammers. Original

What’s Behind The Bitcoin Price Rally, New Role As CEO, And Adoption

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A year ago, our team sat down with Paolo Ardoino, CTO at crypto exchange Bitfinex, to talk about the Bitcoin price and the events that, for many, triggered the long crypto winter: the FTX collapse, and the downfall of major companies in the space. Now, we sat down with Ardoino once again to talk about the underlying reasons fueling the current Bitcoin price rally, Bitfinex’s partnership with El Salvador, their ambition for the long term, and his new position as CEO at Tether, the company behind stablecoin USDT. Ardoino draw…

Chainlink’s Institutional Demand Soars amid Massive LINK Price Rally

The Grayscale Chainlink Trust (GLNK) has been trading at 200% premium to the spot price amid the recent LINK price rally. Oracle service provider Chainlink has been in the limelight once again as the LINK price surged to $15 in a phenomenal 98% price surge just over the last 20 days. The recent LINK price rally comes as the institutional demand for the altcoin also skyrockets. The Grayscale Chainlink Trust (GLNK) has witnessed an astounding 200% premium compared to the prevailing LINK market rates, marking a considerable surge of nearly…

ADA Price Prediction – Cardano Could See “Face Ripping” Rally

Cardano (ADA) is gaining pace above the $0.350 resistance. ADA is showing heavy bullish signs and might rally toward $0.400 or even $0.420. ADA price outperformed Bitcoin and rallied above the $0.350 resistance. The price is trading above $0.350 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.3505 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.400 level or even $0.420. Cardano Price Rally Seems Far From Over…

Bitcoin stability and altcoin rally highlight current crypto trends

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K33 Research’s report shows the crypto market exhibits a bullish trend as Bitcoin maintains a steady trading range and altcoins, like Solana, experience significant gains amid new technological developments and market speculation. In recent weeks, the crypto market has shown signs of bullish behavior, with particular attention on the movements of Bitcoin and a variety of altcoins, as detailed in a recent K33 Research report. Stability marks Bitcoin’s current state, as its value oscillates between $34,000 and $36,000. This steadiness, however, has come with a slight reduction in its market…

Why A Rally Will Happen If DOGE Clears $0.076

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An analyst has explained how the next major Dogecoin resistance hurdle would be at $0.084 if the memecoin manages to clear $0.076. Dogecoin Is Currently Sandwiched Between Major Support And Resistance Levels In a new post on X, analyst Ali has discussed what the on-chain support and resistance levels are looking like for Dogecoin right now. A price level is said to be an on-chain support or resistance level on the basis of whether a large number of investors share their cost basis at it or not. “Cost basis” here…