The rebound in risk assets propelled BTC above its 200-day moving average, a key benchmark for the long-term trend.
Solana's Lily Liu had previously opposed SIMD-228 and argued that fixed-rate yields offer stability, which is crucial for institutional investors and SOL's long-term growth.
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Solana's price has come under pressure over the past two months amid growing concerns about its ecosystem. Solana (SOL) has dropped from its year-to-date high of $295.
Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet.
As the race for crypto ETFs intensifies, ETF Store President Nate Geraci expects BlackRock to file for Solana and XRP ETFs. With regulatory factors at play, industry experts speculate on how these filings could impact investor sentiment and market adoption of digital asset investment products. The post BlackRock Expected to File for Solana and XRP ETFs, Says ETF Store President appeared first on Cryptonews.
Solana has barely moved in the past 24 hours, but the arrival of Solana futures suggests that a big rally may not be that far away. The post Is a Solana ETF Coming Soon? CME Futures Signal Big Move for SOL appeared first on Cryptonews.
Most of the coins are trying to come back to the green zone, according to CoinStats.
Analysts are suggesting that Solana's value could soar, possibly multiplying many times over its current price. What is driving these optimistic predictions, and could Solana reach unprecedented levels?
BlackRock may soon expand its crypto ETF offerings to include Solana and XRP, according to Nate Geraci, president of The ETF Store.
Solana is under threat right now, with the number of sellers climbing too.
Solana's SIMD-0228 proposal, aiming to reduce inflation via a dynamic emission schedule, was rejected in a historic vote, with smaller validators swaying the outcome against the proposal. The post Solana Community Rejects SIMD-0228 in Historic Vote as Small Validators Sway Outcome appeared first on Cryptonews.
BlackRock, the world's largest asset manager, is expected to enter the Solana and XRP exchange-traded fund (ETF) market, according to Nate Geraci, president of The ETF Store.
Solana's governance process reached a historic milestone as two key proposals, SIMD-228 and SIMD-123, drew unprecedented participation. These proposals aimed to address validator revenue distribution and network inflation, sparking intense debate within the Solana community.
Solana SIMD-0228, the proposal seeking to reduce the inflation rate on the network, has failed despite massive support from several stakeholders in the community. Following several days of voting, the proposal got 61.39% of votes, less than the 66.67% required to pass the proposal.
With Bitcoin on the verge of a breakout (or rejection), the altcoins are starting to stir. The altcoin market cap could already have bottomed.
Solana's network activity has sharply declined in recent weeks. This has resulted in a significant drop in its total value locked (TVL), which has now fallen to its lowest level since the beginning of the year.
According to Ali, a crypto analyst, Solana, the sixth largest cryptocurrency by market capitalization, might be shaping up into a textbook cup-and-handle pattern, a bullish technical formation that resembles the shape of a teacup, with the "cup" forming a rounded bottom and the "handle" creating a slight downward drift before an upward breakout.
What's next for Solana after community rejected its 80% inflation cut proposal?
Solana (SOL) has formed a classic cup and handle pattern which has a massive target of $3,800 according to analyst Ali Martinez.
BlackRock is likely to file for both Solana and XRP exchange-traded funds, according to Nate Geraci, president of The ETF Store. In a Mar.
The SIMD-228 proposal to reform the inflation rate failed to pass in the voting system. The proposal aimed to change the inflation system from pre-set to a dynamic based on staking participation.
Solana transfer volume has hit a volume of $3 billion for the first time since Sept. 2024, suggesting massive adoption.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum fell by 13% this week after the price failed to hold above $2,000.
The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.
Solana's price struggles below $125 as FTX liquidations continue to add selling pressure, with 5.5 million SOL tokens still at risk of entering the market.
SIMD-228, a proposal seeking to reduce SOL inflation rate by 80%, failed to meet the required vote threshold for approval after many small validators voted against it. According to SIMD Vote Status, 61.
SIMD-228 sought to reduce SOL token inflation by introducing a dynamic emissions model based on staking participation.
Will SOL defend the 2024 support of $120 as market uncertainty persists?
A proposal to dramatically change Solana's inflation system has been rejected by stakeholders but is being hailed as a victory for the network's governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process,” commented Multicoin Capital co-founder Tushar Jain on March 14.
Solana's price has recently dropped below the $125 support level, causing concern among investors and market watchers. The drop comes amid large transactions involving wallets linked to FTX and Alameda Research.
Solana's high inflation status quo will remain –– for now.
A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.
The upcoming launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, signals that the first US SOL exchange-traded fund (ETF) listings are coming soon, Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph. On March 17, CME is preparing to launch SOL futures contracts.
The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency's recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana.
Solana has edged up 0.3% in the past 24 hours, trading at $125.94, as the market works to recover from recent losses.On Wednesday, the Chicago Board Options BZX Exchange submitted an application on behalf of Franklin Templeton to list a Solana-linked exchange-traded fund (ETF).
Top meme coins are bouncing as the broader market chops. Dogecoin is roughly flat, but Popcat and others are rising on Robinhood listings.
Solana (SOL) price completed a “death cross” on the one-day chart on March 12, as the altcoin consolidated near its long-term support level at $125. This could potentially accelerate the SOL price sell-off in the near term for a drop below $100 for the first time since February 2024.
As the market continues to be in a downtrend, a newly created crypto wallet has made a big bet on Solana (SOL), setting an ideal example of the “buy the dip” strategy.
The cryptocurrency space is whizzing with opportunities, and Ripple (XRP) and Solana (SOL) have been frontrunners in capturing investor interest. Both tokens have carved out their places as reliable assets with strong use cases. But while these projects shine in their own right, a new player is positioning itself as the ultimate game-changer.
Solana (SOL) has gone down by 1.5% in the past 24 hours and currently stands at $126.7 per coin as sellers appear to have taken a breather after last week's fire sale.
A widely followed analyst is leaning bullish on Solana (SOL) over the long term amid an upcoming upgrade. In a new video, the analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that a proposal to reduce Solana's inflation rate by around 80% at the end of Epoch 755 heightens Solana's bullish prospects.
The crypto market is eagerly awaiting next week's FOMC meeting after CPI data revealed that inflation had fallen to 2.8%. Traders are now watching for signals and remarks by Fed committee members on interest rates, which could spike the crypto market volatility.
The latest report from CryptoDiffer highlights the most used dApps in the last 30 days, with Solana remaining the most chosen network.
The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.
There are, however, no signals indicating a concrete probability of a rebound in the short term.
If approved, the proposal could lead to a sharp reduction in the SOL inflation rate, potentially boosting the token's value.