Raoul Pal Foresees A Potential Soar in Solana’s Value

12 Mar 2024

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You can also read this news on BH NEWS: Raoul Pal Foresees A Potential Soar in Solana’s Value

In recent financial commentary, Real Vision CEO Raoul Pal shared a bullish prediction for the cryptocurrency Solana (SOL), speculating that it could reach unprecedented heights in the current market cycle. Pal’s analysis draws a comparison between Solana’s trajectory and the explosive rise of Ethereum in its early days, implying a possible surge in Solana’s value. He projected an appreciation ranging from 235% to 570% in the upcoming period, conditioned by the market’s performance.

Price Targets Skyward for Solana

Pal underscored Solana’s potential by revising its anticipated price to roughly $500, with an optimistic stretch to the $1000 mark, contingent on the prevailing market trends. This forecast is rooted in the concept of an abbreviated crypto market cycle, which could precipitate an earlier peak and subsequent extended recessionary phase. If this theory holds, Pal sees Solana reaching the $500 level and potentially doubling in the context of a bullish wave.

At the article’s drafting, Solana’s trading price stood at $149, showing a marginal 24-hour gain of 0.17%. This pricing suggests room for significant growth based on Pal’s expectations for the cryptocurrency’s future trajectory.

Bullish Outlook Extends to Entire Cryptocurrency Sphere

Pal’s optimistic predictions for Solana are part of a broader upbeat forecast for the cryptocurrency market. He describes the current phase as a “crypto summer,” anticipating a generally robust uptrend with intermittent setbacks. This positive cycle is attributed to an increase in global liquidity and an uptick in business cycles, signaling an encouraging climate for investors to capitalize on.

Pal’s insights have stirred interest among investors and market observers, as the crypto community watches for the realization of his bold projections for Solana, and by extension, the rest of the cryptocurrency market.

The post first appeared on BH NEWS: Raoul Pal Foresees A Potential Soar in Solana’s Value

Bitcoin and Ethereum Reach New Highs as Crypto Market Surges

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You can also read this news on COINTURK NEWS: Bitcoin and Ethereum Reach New Highs as Crypto Market Surges

Yesterday, on March 11th, the markets displayed a positive outlook with Bitcoin reaching new all-time highs (ATHs). The BTC price left $72,000 behind, marking a new historical peak. On the other hand, the Ethereum price also reached a new high for the period, visiting a peak not seen since 2021. The recovery of popular meme coins was also noticeable. So, what is the current situation in the crypto markets today?

Current Bitcoin Situation

The events of the past week in Bitcoin continued into the beginning of this week. Bitcoin had reached a level of $69,200 in November 2021. After a price drop, it recovered in 2024 and recently surpassed $70,000 in futures trading for the first time. Today, the Bitcoin price has climbed above the $72,000 level, achieving a new ATH.

As of this morning’s writing time, the BTC price is finding buyers at the $71,800 level after a 4.72% increase over the last 24 hours. BTC’s 24-hour trading volume has increased by 76%, surpassing $64.6 billion. The 24-hour trading volume has left $1.4 trillion behind.

Latest on Altcoins

Things also seem to be going well for the king of altcoins, Ethereum (ETH). After a 4.6% increase, the ETH price rose to $4,036, surpassing the critical threshold of $4,000.

Solana (SOL) was among the high-volume altcoins that showed the best recovery. SOL’s price rose above $150 after a 10% increase in the last 24 hours.

This morning, the only crypto with a positive outlook was Binance Coin (BNB), the native token of the Binance exchange. Today, BNB showed a modest rise compared to its competitors, increasing by 3.79% to $541.

While all this was happening, a recovery was also seen in meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB) experienced increases of 3.86% and 2.40% respectively. After the rise, their prices were $0.1745 and $0.00003318, respectively.

The Unsung Hero of the Last 24 Hours

Yesterday’s unsung hero was XRP. After a long hiatus, the XRP price climbed back above the $0.70 level. This rise represented a significant increase of 16.5%. The price later pulled back slightly and is currently trading at $0.6950, just below $0.70.

XRP’s 24-hour trading volume and market capitalization also increased during this period. XRP’s market cap rose by 13%, surpassing $37 billion, while the 24-hour trading volume saw an increase of over 300%, reaching $7 billion, highlighting the intense investor interest once again.

The post first appeared on COINTURK NEWS: Bitcoin and Ethereum Reach New Highs as Crypto Market Surges


This Just In: Experts Predict Milei Moneda to Outshine BONK and TRON – The Investment Opportunity of a Lifetime?

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  • Milei Moneda ($MEDA) shows great potential during its ongoing presale.
  • BONK’s price could reach $0.00008862 in 2024.
  • TRON’s (TRX) price will surge to $0.432 in 2024.

In an exciting development, experts are now predicting that Milei Moneda ($MEDA) has the potential to outshine popular altcoins BONK and TRON (TRX). They cite its unique political theme and discounted initial offering as factors that could result in substantial gains for early investors. But Can Milei Moneda ($MEDA) be the investment opportunity of a lifetime? Let’s explore the details!
Economize Like Milei: Invest in $MEDA!

Milei Moneda: The Next Big Crypto Sensation

In a surprising turn of events, Milei Moneda ($MEDA), the innovative meme coin inspired by the renowned figure Javier Milei, is rapidly gaining traction in the investment world. With its growing popularity, experts predict that Milei Moneda ($MEDA) can outshine top altcoins like BONK and TRON (TRX). 
This remarkable success of Milei Moneda ($MEDA) can be attributed to its unique blend of humor, politics, and cutting-edge blockchain technology. By leveraging the iconic status of Javier Milei, the project has captured the attention of investors seeking both financial growth and a touch of unconventional charm.
Moreover, investors who act swiftly can take advantage of the current Stage 1 offering, where Milei Moneda ($MEDA) tokens are available at an altcoin price of $0.010. In addition, they gain access to exclusive perks such as discounts, voting rights, and even coveted NFTs. Also, by the time the presale ends, $MEDA will be trading at $0.020, marking a 100% increase in price!
Economize Like Milei: Invest in $MEDA!

BONK Rebounds as Bitcoin Crosses $70K

BONK, one of the Solana meme coins inspired by dogs, has seen some of the biggest returns among top crypto coins since Bitcoin surpassed the $70,000 mark. BONK recently achieved a remarkable all time peak of $0.00004704.
A significant surge in BONK’s trading volume accompanied this surge in value, as the daily trading volume skyrocketed to $1.1 billion on February 29, marking a 6% increase compared to the previous day’s volume of $596 million. The market cap also witnessed an impressive growth from $1.2 billion to $1.4 billion.
Moreover, the notable influx of whale investors into BONK has sparked anticipation among crypto analysts, who foresee further value appreciation. Based on their projections, BONK’s expected price could reach $0.00008862 in 2024.

TRON (TRX) Revenue Milestone Sparks Investor Optimism

TRON (TRX) has experienced a remarkable surge since mid-December 2023, with its value skyrocketing by 42% from $0.097 to $0.138. This impressive pump in the price of TRON (TRX) can be attributed to its recent achievement of an all-time high in fee revenue.
The coincidental occurrence of TRON’s revenue milestone and the burning of 12.6 million TRX tokens has undoubtedly contributed to the positive momentum. Capitalizing on this success, TRON (TRX ) has also unveiled notable improvements in its new layer 2 solution, enhancing Bitcoin’s compatibility within its ecosystem.
Looking ahead, TRON (TRX) ambitiously plans to integrate with more blockchains, which has garnered optimism from market experts regarding its long-term prospects. They foresee the TRON (TRX) price rising to $0.432 in 2024.
Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post This Just In: Experts Predict Milei Moneda to Outshine BONK and TRON – The Investment Opportunity of a Lifetime? appeared first on CaptainAltcoin.

Floki Inu Price: Market Optimism Fuels Continued Growth

  • #Floki coin has experienced a significant 760% surge over the past month, with a 130% increase in the last 7 days, indicating strong bullish momentum.
  • Historical $FOLKI price charts consistently show new all-time highs (ATH) driven by increasing bullish momentum.
  • After five consecutive days of upward movement, a retracement occurred today, encountering resistance at the ascending trend line.
  • Anticipated price movement suggests a potential breach of the ascending trend line, aligning with the 1 Fibonacci (FIB) level, with targets around $0.00037.
  • According to Coingabbar's analysis, Long-term projections indicate a possibility of the price reaching $0.001000 by the end of 2030.
  • Key resistance is identified at $0.0003, with a successful breakthrough potentially propelling the price towards $0.00035 and $0.0004 in the next upward movement.
  • Retracement support levels are observed at $0.00025 and $0.00023, with failure potentially leading to a drop to $0.0002 before a recovery phase.

RESISTANCE LEVEL : $0.000310000-$0.000380000
SUPPORT LEVEL : $0.000220000-$0.000170000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Shiba Inu (SHIB) Surges 198% as Whales Make Epic Comeback

Cover image via U.Today
Dog-themed cryptocurrency Shiba Inu (SHIB) experienced a staggering surge of 198% in whale activity, marking the return of large investors known as whales.
This epic comeback has captured the crypto community's attention, fueling speculation about the factors driving this sudden influx of whale activity and its implications for SHIB's price trajectory.
According to IntoTheBlock data, large transaction volume, which estimates the total amount transacted by whales daily, has increased by 198.92% in the last 24 hours.
Following days of steady declines from highs of 62.92 trillion SHIB on March 5, large transaction volumes fell to 5.74 trillion SHIB on March 10 before recovering.
On March 11, over 17.62 trillion SHIB were transferred in transactions over $100,000, indicating increased activity by large players or whales on this day.
IntoTheBlock classifies large transactions as those involving transfers of more than $100,000. In this scenario, the Large Transactions Volume indicator represents the total amount of crypto transferred in such transactions.
Thus, spikes in large transaction volumes indicate increased activity among whales, whether buying or selling. In the instance of Shiba Inu, an increase in whale activity could indicate increased interest from large investors in the SHIB ecosystem.
The resurgence of whale activity comes amid a broader trend of increased attention on meme-inspired tokens and decentralized ecosystems.
As SHIB continues to gain traction and recognition within the crypto community, whales are capitalizing on this momentum by accumulating significant amounts of SHIB tokens. Whales are known to use periods of dips or consolidation to accumulate tokens at a discount.
At the time of writing, SHIB was down 6.03% in the last 24 hours to $0.00003246. 

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