Solana’s Bullish Breakthrough: What Next For SOL Price
The crypto market is filled with excitement as Solana has witnessed a significant surge in price, prompting both enthusiasm and caution among investors.
Gambardello and Martinez’s Insights
According to popular crypto analysts Dan Gambardello and Ali Martinez, the recent surge in Solana’s price has caught the attention of many investors.
Gambardello, known for his insightful market analysis, warned investors to trade carefully despite the bullish momentum.
He says, “If you’re watching Solana pump and feel like you missed the only bullish boat of the bull market, be careful thinking that. And be careful with what you do next. It’s Solana season for sure, but seasons end, and new ones begin. This is crypto.”
Meanwhile, Ali Martinez, always up with his price analysis tweets, talked about Solana’s bullish outlook. He noted that the invalidation of the TD sell signal on the daily chart indicated further potential for price growth.
In his X post Ali marked, “The TD sell signal on #Solana daily chart has just been invalidated, hinting at a bullish outlook for $SOL. It pierced through the setup risk line at $198, potentially setting the stage for a new countdown toward another sell signal.
This breakthrough is akin to last December when a similar invalidation of the TD’s sell signal led #SOL to slice through its setup risk line, igniting a remarkable 70% rally before facing the next sell signal.”
SOL Price Surge and Network Activity
The notable increase in network activity is the most significant factor fuelling the surge in Solana’s price. Solana’s prices have surged by almost 25% since Friday and reached the $207.
The most significant evidence of the increased network activity is the number of daily active wallet addresses on the Solana network, which have crossed 1.8 million accounts.
As a result, the increased network activity has also affected the daily fees on the Solana blockchain, which has risen to $4 million, marking a substantial 754% monthly increase.
Trading volumes on Solana have also witnessed a significant uptick, surpassing $3.8 million, which is 430% more than that in February.
As Solana continues to capture the attention of investors with its impressive price surge and network activity, Gambardello advises investors to approach the market cautiously.
Ethereum ETFs Could Attract $45 Billion, Says Standard Chartered
While the crypto community seems thrilled with Standard Chartered’s revised Bitcoin year-end price forecast, the investor sentiment seems divided as the UK-based bank stands firm on its Ethereum price prediction.
Approval by May 23, estimating significant $15-45 billion inflows within the first year. Meanwhile, projections suggest a bullish trajectory for Ethereum’s price, with forecasts of $8,000 by 2024 and $14,000 by 2025.
Spot Ethereum ETF Approval Outlook
Standard Chartered Bank’s Geoffrey Kendrick, Head Crypto Research and EM FX West at Standard Chartered, has been optimistic regarding the approval of spot Ethereum ETFs by May 23 this year, despite dissenting views in the market.
Kendrick’s non-consensus perspective regarding the potential approval of spot Ethereum ETFs is backed by his belief in the SEC’s treatment of Ethereum and recent developments in the ETH ecosystem.
Kendrink’s insights and the bank’s analysts suggest that substantial inflows will occur through ETH ETFs, similar to the BTC ETF’s pattern of capital inflows after its approval by the SEC.
However, for now, let’s look into the current price projections for Ethereum.
Kendrik anticipates accelerated price growth for Ethereum when (or if) Ethereum ETFs are approved in May.
Revised estimates suggest a target of $8,000 by the end of 2024, advancing two years earlier than previously forecasted. Further, Kendrick sets a price target of $14,000 for ETH by the end of 2025, aligning with bullish market sentiments.
Kendrick also believes that Ethereum’s growing usage and increasing adoption in gaming, tokenization, and real-world industries leverage NFTs and DeFi channels.
Ethereum’s recent Dencun upgrade went live on March 13th. The Dencun upgrade aims to reduce transaction fees on Layer 2 networks by enhancing competitiveness.
2024 Meme Coin Challenge: Dogecoin (DOGE), Shiba Inu (SHIB), and Furrever Token (FURR) Compete for Control
Meme cryptocurrencies have opened the doors of cryptocurrency trading to younger retail investors, thanks to their affordable prices. With just a small investment of a few dollars, investors can purchase hundreds of thousands, if not millions, of these tokens, presenting the opportunity for substantial profits. In 2024, these tokens have emerged as victors in the market’s bullish phase, with their combined market capitalization hitting $48 billion at the start of March.
From Joke to Giant: The Rise of Dogecoin in the Cryptocurrency World
In 2013, Billy Marcus and Jackson Palmer introduced Dogecoin (DOGE) humorously to mock Bitcoin, taking inspiration from a meme depicting a Shiba Inu, a type of Japanese hunting dog.
Originally set to have a maximum supply of 100 billion coins, the founders later eliminated this cap to prevent accumulation and speculative trading, rendering Dogecoin infinitely available. This lack of scarcity may influence its perceived worth.
Contrary to Bitcoin’s limited supply of 21 million coins, the limitless supply of Dogecoin positions it uniquely in the eyes of investors, not as a traditional store of value but more as a vehicle for transactions, tips, and charitable contributions.
From its inception in December 2013 to December 2020, Dogecoin showed minimal growth. Its trading volume briefly exceeded that of Bitcoin and other cryptos in January 2014, but it saw its lowest valuation of $0.0000869 on May 6, 2015. Dogecoin then saw a slight increase in value in early 2018 before plummeting during the cryptocurrency market downturn.
Elon Musk tweeted on February 26, 2024, jestingly indicating a return to supporting memes, which had previously sparked a 339% jump in Dogecoin’s price to $0.032642 in January 2021. Dogecoin reached its all-time high of $0.682 on May 8, 2021. Despite endorsements from celebrities, its use in commercial transactions is still rather marginal.
Recently, DOGE’s value has increased by 105.06%, with an impressive average gain of $0.18.
Shiba Inu: The Dogecoin Challenger
Launched in August 2020 and dubbed the “Dogecoin killer,” Shiba Inu quickly made headlines by donating half of its total supply to Ethereum’s founder, Vitalik Buterin. This move propelled the token to soar by more than 300% within its first month, mirroring Dogecoin’s viral success in early 2021 and even surpassing Ethereum in trading volume by October 2021.
Vitalik Buterin’s philanthropic act of giving away over 50 trillion SHIB to charity and the burning of 90% of the tokens he held significantly reduced the token’s supply in circulation. After experiencing a downturn following its 2021 peak and a relatively quiet 2023, SHIB is showing signs of revival. Its value has jumped by 220.5% according to the 14-day charts and nearly 250% over the last month, achieving a 223.3% increase since March 2023.
The recent surge in Bitcoin’s value contributed to a 250% increase in Shiba Inu’s price. As of March 5, SHIB boasted a market capitalization of $24.4 billion.
Still, SHIB faces challenges due to its vast supply. A solution mirroring Buterin’s 2021 token burn could potentially trigger another significant price rally. Recent data from the Shibburn X account reveals a staggering 14,238,113,469 SHIB tokens were burned in the past two weeks, resulting in a 6,478.69% hike in the weekly burn rate.
Rising Above the Rest: Furrever Token’s Path to a 15X Return
Furrever Token (FURR) has captured the attention and interest of the cryptocurrency community with its outstanding presale achievements, even amidst broader market declines. The token quickly completed its third presale phase and is making swift progress in its fourth, underscoring the strong confidence investors have in its growth and profitability prospects.
A significant draw for FURR is its attractive investment potential. With a current price of $0.000312 and the possibility for early investors to realize returns up to 15 times their initial investment, FURR presents a lucrative opportunity for those looking to participate in its journey.
The project has also successfully raised over $350,000 and showcased the trust and enthusiasm investors have in its vision and future success.
Furrever Token distinguishes itself through its unique features and a transparent approach to development. The team behind FURR has focused on fostering trust and credibility by adhering to a clear development roadmap, regularly updating the community, and engaging with supporters. This dedication to openness and reliability has attracted investors searching for stable opportunities in the unpredictable cryptocurrency market.
In summary, the remarkable presale performance of Furrever Token, combined with its enticing returns, innovative features, and a transparent approach, has confirmed its status as a sought-after investment within the crypto community.
By pressing the “Buy Now” button, investors can easily join the FURR community and support its continued expansion and evolution.
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Bitgert Coin: March 2024’s Breakout Crypto Sensation
The total crypto market cap has surpassed $2.7 trillion, which is a sign to make potential investments for the next bear season. In such a situation, crypto analysts and experts have been uncovering some hidden gems, especially in the meme coin category. But since their slow progress has been an issue for the majority of investors, there is a new favourite in town and it’s called Bitgert. This coin is a fully operational proof-of-authority utility project that is gaining huge popularity in record time. But why exactly is this revived crypto (formerly Bitrise token) suddenly among the top crypto investments of 2024? Let’s get to the bottom of this trend and find out if it is really worth it or not.
Expert projects on Bitgert
Crypto enthusiasts have been going crazy to have a slice of Bitgert these past few weeks, and the reason is not sudden hype, market rumours or speculations. The Bitgert project has amassed a total of 600,000+ followers on X (formerly known as Twitter). But that is not all. Bitgert also has a 200k+ strong community on crypto investors’ favourite, Telegram. Due to this, Bitgert has a 99.9% chance to trend, be on top of leading cryptos, and become a widely-known investment opportunity. Its cutting-edge technology, utility token with lucrative income schemes, and considerable partnerships have made Bitgert a must-have crypto in anyone’s portfolio.
Is Bitgert the real star of the show?
As of this moment, there are not many hyped-up crypto projects that are worth as little as Bitgert. With an easy entry point, BRISE allows small, big, and even institutional crypto investors to put their money into this revolutionary crypto. At the same time, the expert team behind Bitgert makes sure that this project offers not one but several passive income streams to its users. This is why analysts believe that Bitgert is a typical user-centric crypto project and more than just random crypto that got famous for having a few innovative ideas. Since implementation is everything in any blockchain ecosystem, this one has come up with an actual utility to bring a solid return on investment to early investors.
Conclusion
It is rare when a groundbreaking project such as Bitgert is available for just $0.0000003009 for new investors. But the fact that its individual price is still so low, is a sign that it could be nearing a breakout point soon.
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