Author: Sollcrypto
The DOGE-1 Moon Mission, funded by Dogecoin, has been granted approval by the National Telecommunications and Information Administration (NTIA). This approval serves as a vital step preceding the acquisition of the ultimate Federal Communications Commission (FCC) license, specifically addressing communications in the X-Band and S-Band for the satellite. The forthcoming mission Astrobotic’s Peregrine Mission One, scheduled for launch on December 23, will transport the inaugural physical Dogecoin token to the moon. This mission is a collaborative endeavor involving payloads from several esteemed entities, including NASA. Notably, Dogecoin played a role in funding a portion of this mission, aiming to broaden…
Charles Edwards, the founder of the Capriole Fund and a prominent cryptocurrency analyst, recently shared insights on the future of Bitcoin’s price. In his analysis of the upcoming halving event, recognized as a pivotal factor for Bitcoin, Edwards projected a BTC price baseline of $41,200 within the next five months. Highlighting the impact of the halving on Bitcoin’s electricity cost, Edwards noted that after the event, the electricity cost of Bitcoin would double overnight. Drawing from observations of the last two halvings, he pointed out that the electricity cost surged by 65% and 50% of the pre-halving values in those…
Solana (SOL) revisited $58.47, driven by the broader market’s upward trend on November 28. This surge can be attributed to Bitcoin’s (BTC) initial surge above $38,000 on the same day. Although Bitcoin has retraced from that level, SOL remained the top gainer among the top 10 cryptocurrencies by market value. According to the SOL/USD 4-hour chart, the cryptocurrency successfully turned the $53.93 level into support. In its upward trajectory, SOL encountered resistance at $56.31. Despite this, with bulls dominating the market, SOL overcame the barrier, setting its sights on a new weekly high. Indicators such as the Relative Strength Index…
The Philippine Securities and Exchange Commission (SEC) has alerted the public that Binance, a cryptocurrency exchange, is operating in the country without the required approval or license. The SEC issued a warning on November 28, highlighting that Binance lacks authorization to sell or offer securities in the Philippines. The regulatory announcement underscored the obligation for exchanges like Binance to undergo registration, providing comprehensive information about the offered securities, including issuance price, nature of securities, and other pertinent data, before making them available to the public. In accordance with the Securities Regulation Code (SRC) of the Philippines, it is mandated that…
The proportion of circulating Bitcoin in a profitable state reached a peak of over 83% this week, marking the highest level since November 2021 when the world’s largest cryptocurrency achieved its all-time high, as reported in Monday’s Bitfinex Alpha report. Glassnode data also confirmed this multi-year high. “With Bitcoin trading above $37,000 last week, over 83% of the coin supply has moved back into profitable territory,” noted Glassnode on X.com. However, the blockchain analysis firm emphasized that “the unrealized profit’s magnitude remains moderate, and is not yet enough for long-term investors to divest.” According to Bitfinex, more than 16.3 million…
Shares of the cryptocurrency exchange Coinbase (COIN) reached an 18-month peak following the guilty pleas of Binance and its former CEO, Changpeng Zhao, for money laundering and sanctions violations in the United States. On November 27, Coinbase concluded at $119.77, marking its highest point since May 5, 2022, when it closed at $114.25, according to TradingView data. There has been minimal movement in after-hours trading. This places Coinbase shares up approximately 256.5% year-to-date, although they remain 65% lower than their all-time high of nearly $343 on November 12, 2021. Coinbase’s surge in shares occurred less than a week after Binance…
The price of Ethereum is experiencing a decline from $2,130, indicating a bearish trend that could lead it towards the support level at $1,920. Ethereum is gradually descending below the $2,060 threshold.The price is currently trading under $2,060 and the 100-hourly Simple Moving Average.On the hourly chart of ETH/USD (data feed via Kraken), a significant bearish trend line is taking shape, presenting resistance around $2,040.There is a possibility that the pair will persist in its downward movement, heading towards the support zone at $1,920. The decline in Ethereum’s price continues. Following a struggle near $2,130, Ethereum’s price initiated a fresh…
The popularity of the comedic cryptocurrency dogecoin (DOGE) continues to surge, even two years after the onset of the COVID-19 pandemic, during which people supposedly turned to amusing digital assets to alleviate lockdown boredom. Recent data from on-chain analytics firm IntoTheBlock reveals that the number of cryptocurrency addresses holding DOGE has surpassed 5 million for the first time. Simultaneously, active addresses on the network have more than doubled to 168,000, marking the highest figure since March 2022. Additionally, confirmed transactions on the Dogecoin blockchain have spiked to the highest level since June, registering a remarkable 1,000% increase in the past…
PlanB, the creator of the Stock-to-Flow (S2F) model, recently shared a contrarian yet calming prediction regarding the price of Bitcoin (BTC). In a post on X, he underscored that Bitcoin’s value is projected to remain resilient, with a firm assurance that it will not dip below the $35,000 threshold. Supporting his viewpoint with a chart illustrating the correlation between Bitcoin’s valuation and its inherent hashrate, PlanB suggested that, barring unforeseen events or short-term market fluctuations, and considering the fundamentals of $/kWh arbitrage, the leading cryptocurrency’s market value is unlikely to retreat below the $35,000 support level. Reiterating his perspectives in…
The Ethereum price encountered difficulties staying above $2,100 and is currently on a downward trajectory, with a potential further decline towards the $1,930 support level in the short term. Ethereum is in a consolidation phase, encountering resistance around the $2,060 mark.The price is below $2,080 and the 100-hourly Simple Moving Average.On the hourly chart of ETH/USD (data feed via Kraken), a significant bearish trend line is forming, presenting resistance in the vicinity of $2,065.If the $2,035 support zone is breached, there is a possibility that the pair will continue its descent. Ethereum experiences another decline in its price. Attempting a…