Author: Sollcrypto

The overall digital currency ecosystem is undergoing a bullish recovery, and Solana (SOL) is undeniably reaping the benefits of this current rally. As a top-performing altcoin, it has solidified its position as the fifth-largest coin, recording a notable 20.1% surge in the last 24 hours and reaching a price of $102.36. The recent rally has enabled Solana to recapture the $100 resistance level, propelling it to reach as high as $103.80 within the last 24 hours. Bullish sentiment takes hold among Solana investors. Solana’s ecosystem metrics suggest that the current rally holds intriguing potential. Despite a 10% decrease in prices…

Following a brief period of sideways trading around $44,000, BTC experienced two distinct upward movements yesterday. The second surge propelled the asset beyond $47,000, marking its first time reaching such levels since early April 2022. Simultaneously, many altcoins are showing positive momentum today, contributing to an overall market cap increase of approximately $100 billion in the span of 24 hours. Bitcoin (BTC) surges to $47,000. After a turbulent start to the year, marked by Bitcoin (BTC) initially surging to nearly $46,000 before a subsequent dip to $41,500 amid speculation surrounding the SEC’s potential decision on awaited ETFs, the cryptocurrency stabilized…

The XRP Ledger (XRPL) protocol has achieved yet another significant milestone, with the total number of active accounts surpassing the five million mark. This noteworthy development was shared by the well-known XRPL explorer, XRPScan, accompanied by a chart to substantiate the reported figures. Fascinating Statistics from the XRP Ledger (XRPL) As per the data provided by XRPL, the active addresses have reached 5,000,315, and the total available XRP supply is at 99,988,011,262 units. Out of this, 40,508,420,089 XRP is currently locked in escrow, while the circulating supply stands at 59,467,602,343 XRP. The XRP Ledger continues to exhibit a bullish stance,…

This week could prove pivotal in the race for Bitcoin spot ETFs, and Nate Geraci, co-founder of The ETF Institute, highlights five key events to monitor. The United States Securities and Exchange Commission (SEC) is at a critical juncture, set to make its final decision on the proposed rule change requests for spot Bitcoin ETF listings from Ark 21Shares and other applicants. While many experts anticipate approval, Bloomberg’s Senior ETF Analyst, Eric Balchunas, suggests a 5% chance of rejection. With developments anticipated across the spectrum, let’s delve into the potential events highlighted by Nate Geraci. Critical Moments for Bitcoin Spot…

The upcoming week promises to be eventful with a robust economic calendar scheduled for the United States. Significant reports are rekindling focus on inflation, while a flurry of bank earnings is anticipated towards the week’s conclusion. The Kobeissi Letter, a macroeconomics outlet, has outlined the crucial economic events in the United States for the week starting January 8. The Economic Calendar for the Current Week They unveil reports on consumer credit, trade deficit, and wholesale inventories on Monday, Tuesday, and Wednesday, but these typically have a limited impact. Thursday could stir interest as they release the December consumer price index…

Ethereum is facing challenges in surpassing the $2,300 resistance area, exhibiting bearish indicators that could lead to a potential drop towards the $2,080 support. The struggle to overcome resistance levels at $2,280 and $2,300 persists for Ethereum.Current trading positions are below $2,260 and the 100-hourly Simple Moving Average.On the hourly chart of ETH/USD, a bearish trend line is forming, indicating resistance around $2,240 (data feed via Kraken).The likelihood of further decline exists if the cryptocurrency remains below the $2,300 resistance zone. Ethereum encounters a significant obstacle in its price trajectory. Attempting a renewed ascent beyond the $2,200 threshold, Ethereum, much…

In the dynamic realm of cryptocurrency, excitement and speculation reach new heights as the crypto community gears up for the impending Bitcoin halving in April. Shiba Inu (SHIB), a digital asset in the spotlight, boasts an enthusiastic community known as the SHIB army, actively engaged in forecasting the coin’s post-halving performance. However, the noteworthy development emerges from Google Bard’s fascinating prognostications regarding SHIB’s future value. These predictions hinge on the premise that Bitcoin achieves the $200,000 milestone post the halving event. Functioning like a digital oracle, Bard, Google’s AI-driven Large Language Model, intricately explores the interplay between Bitcoin and SHIB,…

In a captivating development, a highly followed cryptocurrency analyst has recently proposed the possibility of a substantial upward surge for Cardano ($ADA), a prominent contender to the Ethereum ($ETH) smart contract platform. Sharing his insights in a video on the YouTube platform, which boasts over 2.3 million subscribers, analyst Guy Turner highlighted the bullish patterns emerging on ADA’s weekly chart. These patterns indicate the potential for a significant rise in value, with the prospect of reaching $1—a key resistance level. He elucidates that the fluctuations in ADA’s fortunes since October are closely tied to its correlation with small-cap stocks and…

John Bollinger, the iconic Bitcoin (BTC) trader credited with devising the Bollinger Bands strategy, has recently expressed a positive outlook on the future of Bitcoin. Is Bitcoin Ready for Another Upward Surge? In a post on X, John indicates that Bitcoin’s price is likely to experience an upward breakout from its current levels. This forecast is grounded in his analysis using the Bollinger Bands chart, a widely used technical analysis tool that he developed. For context, Bollinger Bands are a statistical chart depicting the prices and volatility of an asset over time. These bands comprise three lines: the middle line…

ETH has been lackluster in recent months, overshadowed by the surging prices of Avalanche (AVAX) and Solana (SOL), perceived as competitors to Ethereum. As AVAX and SOL experienced rapid price increases, ETH’s underwhelming performance led many to interpret this situation as the “death” of ETH. Ethereum Achieves a New Record! However, signs of a resurgence in Ethereum are emerging. As per data from the L2beat platform, the Total Value Locked (TVL) in ETH surpassed $21 billion. This figure encompasses the collective value of assets locked in Ethereum layer-two networks, surpassing $21 billion as of January 5. Over the past month,…