SOL

Solana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level. This underperformance has raised concerns among investors, with many worried about Solana’s inability to keep up with the market’s recent surge.  Some analysts are even predicting a deep retrace to its yearly low of around $78 if the price continues to lag. Despite holding relatively well during Bitcoin’s and other altcoins’ earlier crashes, Solana’s current…

Well, 2021 was the year when a dramatic increase in the valuation of cryptocurrency was witnessed, and many early investors had their unhappy phase, which was over before they knew it. One of the rarest success stories was Solana (SOL) and Dogecoin (DOGE), two cryptocurrencies that wowed beyond measure. Anyone who was able to place a bet of $10,000 worth on these tokens sensibly at the right time would have them turning back the $1 million mark within a few…

Bitcoin (BTC) is back above $60,000 after registering an increase of over 3% in the past 24 hours as optimism around a Fed rate cut grew. Other cryptocurrencies, including Ethereum (ETH), Uniswap (UNI), FET, SUI, Aptos (APT), and Bittensor (TAO), registered notable gains. However, Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON) remained in the red, registering notable drops.  In a related development, spot Bitcoin ETFs saw a surge, adding $250 million worth of Bitcoin in a single day,…

Solana declined and tested the $128 support zone. SOL price is consolidating losses and might aim for a fresh increase above the $132 resistance. SOL price started a consolidation phase from the $128 zone against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish…

The RXS's impressive premiere in the cryptocurrency sector is attracting investors as its price is below $0.10 and offers great investment returns. However, as it is already clear from the communication’s focus on upstarts, Rexas Finance aims to dethrone more mature blockchain networks, Solana (SOL, in particular), within the next decades. Here below are three potential factors that may contribute to the rise of Rexas Finance and possibly become more than a match for Solana in the coming few months.…

For those of you who have been following this coin, you must be thinking, “Is it realistic that SOL can trade at $500 by 2024?” It’s an interesting question and people in the crypto space are abuzz around it for a good reason. This implies it traded higher than its current value of $137.03 and that’s understandable. But what if we told you that it’s showing some serious bullish signs that could push it not just to its all-time high…

Bitcoin (BTC) sank marginally lower, failing to stay above the psychologically crucial $60,000 level. BTC has struggled with adverse market conditions and a challenging environment, failing to regain momentum and trading largely between $53,000 and $60,000 for several weeks. BTC’s failure to hold on to $60,000 indicates demand is drying up at higher levels, with investor hesitation peaking.  Some analysts believe BTC’s price action will be challenging to call following the Fed’s rate cut decision. Analysts state that BTC could…

The cryptocurrency market is once again buzzing with speculation and excitement as Solana (SOL) continues to show strong upward momentum. With its rapid growth and expanding ecosystem, many are wondering if Solana can continue to make millionaires in 2024. However, while Solana is in the spotlight, a new rival has emerged that promises even greater potential gains: Mpeppe (MPEPE). This meme-based gambling ICO has attracted significant attention, and experts are predicting that it could 1000X on its launch, making it…

With the predictions of market growth in some of the digital assets, many still believe that the growth in the demand for cryptocurrency more so the bullish trend will remain, despite the negative swings that at times dominate this market. In the near term, one of the most promising potentials is Rexas Finance (RXS), which is a Real World Asset (RWA) cryptocurrency, that is gaining great interest, particularly for its novel concept of creating, and tokenizing, real assets. Let us…