Solana User Base Skyrockets To Over 123 Million, Riding The Memecoin Wave
In October, the Solana blockchain registered 123 million active addresses. It has grown 42% since September and has risen dramatically from 12.7 million addresses at the start of the year. Latest data shows Solana’s steady rise in the crypto sector. The latest growth is due, in part, to memecoins, which have increased trade and user…
Bitcoin’s Current Price Action Sets Stage For 30% Rally, Says Crypto Analyst
Bitcoin recent price movements amid the US presidential election 2024 have led to its price currently standing at around $69,092, following a drop below the $70,000 level last week. This relatively low volatility has marked a calm period for Bitcoin, allowing it to stabilize in the $68,000 to $69,000 range over the past few days.…
Bitcoin At $200,000 By 2025? Bernstein Predicts Target Despite Election Impact
Less than a day before the polls closed in the United States, crypto analysts continued to offer their two cents on the future of Bitcoin and cryptocurrencies. For example, many Wall Street analysts say wild BTC market prices will continue after the elections. Other analysts and observers have shared their price predictions based on who…
Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000
Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8.9% in seven days from $73,464 on October 29 to $66,895 on November 4, as many short-term traders exited their positions. At the same time, a few long-term holders also offloaded their Bitcoins, likely to lock in…
Analyst Reveals Bitcoin’s ‘Chopsolidation’ Phase Nears End—Are New Highs in Sight?
Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend. This period, he suggests, may be drawing…
GRASS Token Fails To Break $2 Level – Is It Time To Buy?
GRASS token, one of the latest DePIN projects, attracts significant attention from analysts and the investing public. As a Layer-2 platform on the Solana blockchain, the Grass platform allows users to share unused internet bandwidth to train AI models using a browser extension. With its promising technology, it’s no surprise that its token launch and…
Solana DeFi Momentum Soars With $5.7 Billion Locked In Q3
Solana continues to prove that it’s one of the top blockchains for this cycle. After its rally, which gained 35% over the past 60 days, the popular Layer 1 blockchain is back in the news with more on-chain activities. According to recent data, Solana’s DeFi Total Value Locked or TVL increased to $5.7 billion in…
Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December
The Bitcoin price action was marked by ups and downs in the just concluded week, serving as a reminder of the volatile nature of the digital asset. According to price data, Bitcoin has just completed a retest of the downward sloping trendline that has limited its price rallies since March. As analyst EGRAG CRYPTO pointed…
Solana Q3 Digest: Total Value Locked Hits $5.7 Billion, Ranks Third Among Networks
A recent report from crypto data and research firm Messari has shed light on the performance of the Solana (SOL) ecosystem during the third quarter of 2024. The report highlights a mixture of growth and challenges faced by the blockchain amid broader volatility in the cryptocurrency market during that period. Solana Stablecoin Market Cap Rises…
Will Bitcoin Hit $176K? Anthony Scaramucci Lays Out His High-Stakes Forecast
A top executive of a New York-based global investment firm made an audacious claim that Bitcoin breaching the six-figure price will happen very soon. SkyBridge Capital founder Anthony Scaramucci said that in the next two years, BTC will be traded at $176,000, joining other crypto investors who believed that the oldest cryptocurrency is ripe for…