Solana

Solana started a fresh increase above the $142 resistance. SOL price is up nearly 8% and might continue to rise if it clears the $150 resistance. SOL price recovered higher and tested the $150 resistance against the US Dollar. The price is now trading above $1452 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL/USD pair (data source from Kraken).…

The post Solana and Ethereum Struggle to Recover, Furrever Token Offers $20,000 Competition to Lift Spirits appeared first on Coinpedia Fintech News In the current climate of market volatility, investors closely monitor the challenges faced by prominent entities like Solana and Ethereum as they navigate obstacles in their recovery journey. Yet, amidst this atmosphere of uncertainty, Furrever Token emerges as a beacon of hope. Introducing a $20,000 competition aimed at revitalizing its community spirit. Ethereum (ETH) Faces Potential Price Drop…

The top 3 memecoins to watch in May 2024, a question if answered correctly, could bring potentially life-changing results. Memecoins capture a great deal of attention through their communities, inside jokes and potential for huge returns. These digital assets sport a variety of brandings, from cartoon animals to popular culture. With so many memecoins launched daily, which ones will do well and which are trash? Let's explore three candidates: FishnChips (CHIPPY), Dogwifhat (WIF), and Bonk (BONK), examining their unique attributes…

The post Fear and Greed Index Neutral. Why Investors are Taking Advantage of the Dip, Buying Bitcoin, Solana, and Raboo appeared first on Coinpedia Fintech News The fear and greed index is a tool that aims to measure the overall sentiment of investors in the crypto market. It has a characteristic score that ranges from 0 to 100. A score less than 25 signifies extreme market sentiment while 75 to 100 means extreme greed.  At the moment, the fear and…

The post Solana and Ethereum Experience Minor Dips, But Furrever Token Ignites with $20,000 Giveaway Competition appeared first on Coinpedia Fintech News In the swiftly evolving realm of digital assets, today’s market dynamics unveil a captivating narrative: as industry stalwarts like Solana and Ethereum encounter minor fluctuations in their trajectory, Furrever Token emerges as a beacon of excitement and opportunity. Amidst the ebb and flow, Furrever Token not only maintains its position but surges ahead, propelled by a thrilling $20,000…

Solana, the high-speed blockchain once hailed as an Ethereum killer, finds itself in choppy waters. After reaching an all-time high of $203 in March 2024, the cryptocurrency has experienced a significant correction, currently trading at $145. Analysts warn of a potential freefall, citing both external market forces and internal ecosystem woes. Solana’s Descent: A Shooting Star Loses Its Luster Technical indicators paint a bleak picture for Solana. Alan Santana, a prominent crypto analyst, points to the emergence of bearish candlestick…

There have been growing concerns around green energy in Bitcoin mining, according to certain reports. This concern stems from the substantial carbon emissions associated with the proof-of-work (PoW) architecture of Bitcoin which is estimated at around 85M of carbon dioxide each year. With the purpose of solving this, a partnership between PayPal's blockchain research group, Energy Web, and DMG Blockchain Solutions have been established. They plan to incentivize miners to use low-carbon energy sources through crypto economic rewards. In contrast…

Dubai, UAE, May 10th, 2024, Chainwire Penguiana, the latest penguin-themed Solana meme coin, has successfully raised over 800 SOL during the initial week of its presale. The Penguiana team views the growing interest in this new meme coin, spurred by this remarkable achievement, as a testament to its potential within the Solana ecosystem. What is Penguiana? Inspired by the communal and fun-loving nature of penguins, Penguiana is not just another meme coin. It is setting the stage to be a…

Crypto Reddit is well-known as a place for uncovering cryptocurrency gems, and three have recently been highlighted for their 100x potential: Solana, Polkadot, and a new crypto known as Raboo. After raising more than $1 million in its presale, Raboo is quickly becoming Reddit's favorite new crypto. Let's find out why these three projects could be 100x gainers. Solana: Meme coin sentiment boosts SOL Solana is a standout on crypto Reddit, celebrated for its blistering transaction speeds—up to 3,500 TPS…