Solana

Solana declined again and tested the $160 support zone. SOL price is consolidating and might recover if it clears the $166 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading below $168 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $166…

The meme coin market is back in the spotlight, and BONK is no exception. The dog-themed token has seen a price surge of over 40% in the last month, mirroring a broader trend among its rival meme coins. This recent rally comes amidst positive sentiment surrounding the crypto market, fueled in part by the long-awaited approval of an Ethereum ETF. Analysts are cautiously optimistic about BONK’s future, with some predicting a potential return to its all-time high. Analyst Bullish On…

The post Will Cardano, XRP and Solana Price See 5x-10x Rally in the Next 12 Months Ahead of ETF Approval  appeared first on Coinpedia Fintech News With the Bitcoin ETF approval and listing earlier this year and the approval of the Ethereum ETF in May, 2024 turns out to be a year of crypto ETFs. Observing the SEC’s change of heart towards crypto ETFs months before the presidential elections in the U.S., more altcoin ETF applications are becoming optimistic.  With…

The cryptocurrency market is continually evolving, with new projects emerging and established coins battling for dominance. As June 2024 approaches, investors are keenly observing which altcoins present the best opportunities for significant returns. Among the contenders, Retik Finance (RETIK), Solana (SOL), and Pepe Coin (PEPE) are generating considerable buzz. Each of these cryptocurrencies brings unique strengths to the table, but which one stands out as the best altcoin to buy in June 2024? Retik Finance (RETIK): A New Contender with…

The post Traders Speculate Scam As Solana Welcomes $DAVIDO appeared first on Coinpedia Fintech News The renowned Afrobeat sensation Davido has captivated his fans by delving into the crypto realm by introducing his exclusive memecoin $DAVIDO. Davido has achieved the top position on the DEX screener, operating on Solana’s blockchain platform. After Solana officially welcomed him, Davido wrote: “The King of SOL is here! $DAVIDO.” while fans from Nigeria quickly invested, some speculated that it might be a scam. ZachXBT…

Cathie Wood highlights crypto’s pivotal role in US politics for the 2024 presidential elections, attributing the swift approval of the spot Ethereum ETF by the SEC to this trend. Wood reaffirms ARK Invest’s commitment to making Bitcoin accessible to a wider audience through the ARK 21Shares Bitcoin ETF. Crypto market proponent and ARK Invest CEO Cathie Wood stated that crypto has now taken the center-stage in US politics for the 2024 presidential elections. This was typically the reason behind the…

PayPal has announced that its PYUSD stablecoin is launching on the Solana blockchain as it prepares to offer faster and cheaper transactions. On the Solana blockchain, the stablecoin can expand its adoption for commerce and payments. During the Consensus 2024 in Austin, Texas, PayPal announced that its PYUSD stablecoin is now available on the Solana blockchain. According to the announcement, PYUSD on Solana will be issued by its partner, Paxos Trust Company. The expansion to the smart contract platform marks…

The post Solana Announces Incentives for Validators as SOL Whales Rush to Invest in Algotech (ALGT) Final Round  appeared first on Coinpedia Fintech News Recent events involving established ne­twork, such as Solana and the new project Algotech, highlight how quickly the­ cryptocurrency world changes. Solana faces questions about ince­ntives and long-term success, while­ Algote­ch excites investors with promise­s of fresh ideas and shaking up the industry. This contrast be­tween expe­rienced players and ambitious ne­wcomers shows the unpredictability of the crypto…

The post PayPal’s PYUSD Stablecoin on Solana to Feature Confidential Transfers appeared first on Coinpedia Fintech News PayPal has deployed its PYUSD stablecoin on Solana, which was previously available only on Ethereum. The new feature, “confidential transfers,” was announced on May 29, aiming to allow merchants to keep their transaction amounts confidential for consumers while still being visible for regulatory purposes. This functionality strengthens Solana’s existing capabilities by improving speed and token programmability. Bitcoiner Udi Wertheimer has commented on the…