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Bitcoin trades in a tightening range, signalling that range expansion is likely to occur in the near future. Bitcoin (BTC) has been trading in a tight range for a few days, but a minor positive is that the bulls have kept the price above $83,000. Usually, a low volatility period is followed by a range…
The new proposal allows validators to vote on multiple deflation rates and uses the weighted average as the outcome. Crypto research firm Galaxy Research has made a proposal to adjust the voting system that decides the outcome of future Solana inflation following the failure to come to a consensus in a previous vote. On April…
The Solana network saw an uptick in deposits over the past week. Is this enough to sustain a rally toward $180? Solana’s native token SOL (SOL) failed to maintain its bullish momentum after reaching the $134 level on April 14, but an assortment of data points suggest that the altcoin’s rally is not over. SOL…
The chief investment officer at Kronos Research says the staker could be showing their long-term confidence in Solana, while others say it’s just a silly meme trade. A crypto user has gone very long on Solana, staking a very small portion of the token for the next 3,000 years, according to blockchain analytics firm Arkham…
Solana continues to make strides in DeFi, but a retest of the $200 level remains uncertain. Solana’s native token SOL (SOL) dropped by 9% between March 28 and April 4, but several key metrics grew during the same period. Despite SOL’s price downturn, the Solana network continues to outpace competitors, maintaining its second-place position in…
Smart money traders continue seeking speculative investment opportunities despite signs the memecoin “supercycle” has ended. The most successful cryptocurrency traders are still chasing quick profits in memecoins, despite signs that the broader “supercycle” for the speculative assets may be winding down. The shift follows recent disappointment tied to memecoin launches associated with US President Donald…
Stablecoin adoption persists even as market wide jitters weigh on Ethereum and Solana’s performance, VanEck said. Stablecoins are “in a bull market of their own,” even as smart contract platforms — including Ethereum and Solana — sputter amid the marketwide tumult, asset manager VanEck said in an April 3 monthly note. The diminished activity on…
Bitcoin and select altcoins hold steady even as the threat of a global trade war crushes the stock market. Bitcoin (BTC) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack…
California Democrat Avelino Valencia has amended a money transmission bill to make Bitcoin and crypto rights a major focus, potentially benefitting the state’s 39.4 million residents. A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40…
The savvy trader’s position peaked at $43 million during Pepe’s peak valuation as memecoins continue minting new crypto millionaires. A savvy cryptocurrency trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value. The trader made…