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news-imageJanuary 27, 2025

Why Cryptocurrencies Shiba Inu, Solana, and Cardano Are Falling Today

Cryptocurrencies struggled Monday as tech and artificial intelligence (AI) stocks sold off and with the Federal Reserve's January meeting on the docket this week. Bitcoin, the world's largest cryptocurrency and a bellwether for the sector, traded 4% lower since the late afternoon yesterday, hovering around $99,230.
Publisher: The Motley Fool
Sentiment: Negative
ADA
SHIB

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Neutral
cover-imageFinbold
January 29, 2025

ChatGPT says Solana price will hit this target by Q1 2025

Solana (SOL) is navigating significant volatility, reflecting broader corrections across the cryptocurrency market. The recent decline comes as investors await the Federal Open Market Committee's (FOMC) decision on interest rate cuts, heightening caution across the board.

Positive
cover-imageCryptoSlate
January 29, 2025

Plomin hard fork brings decentralized governance to Cardano

Cardano is set to activate the Plomin hard fork by 21:44 UTC on Jan. 29, ushering in a new era of decentralization for the network. This upgrade, confirmed in a Jan. 29 statement shared with CryptoSlate, grants ADA holders direct voting power over critical network decisions, including parameter adjustments, treasury withdrawals, and hard forks.

Positive
cover-imageCrypto Economy
January 29, 2025

Solana ETF Approval Imminent? Cboe Refiles SOL ETF Applications

TL;DR The Cboe BZX Exchange refiled Solana ETF applications for Bitwise, VanEck, 21Shares, and Canary Capital, reflecting a more crypto-friendly regulatory environment. The SEC's new acting chair, Mark Uyeda, has introduced changes boosting confidence in crypto-based ETF approvals, including revoking restrictive measures and establishing a crypto task force.

Positive
cover-imageAltcoin Buzz
January 29, 2025

Cardano Launched Plomin Hard Fork for Governance

This upgrade marks a pivotal moment, giving ADA holders more control over the network's future. With the official draft of the Cardano constitution signed in December 2024, the next step is an on-chain vote by the community and Delegated Representatives (DReps).

Positive
cover-imageCointribune
January 29, 2025

After the 2024 Setback, Cboe BZX Renews Its Solana ETF Applications

On January 28, 2025, the Cboe BZX exchange filed new ETF applications focused on Solana for Bitwise, VanEck, 21Shares, and Canary Capital. Following a disappointing outcome in 2024, these initiatives aim to revive the SEC's review, marking a significant milestone for crypto adoption in traditional financial markets.

Positive
cover-imageBenzinga
January 29, 2025

Dogwifhat Rallies 17% From The Bottom, Outpacing Dogecoin, Shiba Inu: Why Is WIF Going Up?

Dogwifhat (CRYPTO: WIF) is bouncing back from a prolonged downtrend, prompting traders to speculate whether the popular meme coin has finally found its bottom. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogwifhat (CRYPTO: WIF) $1.35 $1.3 billion +18% -6.4% Dogecoin (CRYPTO: DOGE) $0.3288 $48.6 billion -1.6% -10% Shiba Inu (CRYPTO: SHIB) $0.00001844 $10.9 billion -2.9% -10% Trader Notes: Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar.

Neutral
cover-imageInvezz
January 29, 2025

Cardano price prediction: can ADA surge past $1 soon?

The cryptocurrency market is navigating a correction, with leading assets experiencing a pullback following recent gains. Bitcoin (BTC) is trading at $102,584.12, down 0.27% over the past 24 hours, while still maintaining a 2.77% gain over the past week. Ethereum (ETH) has declined to $3,141.78, reflecting the overall bearish sentiment.

Positive
cover-imageBitcoinist
January 29, 2025

Shiba Inu Lead Dev Teases ‘Extremely Powerful' Partnership

In a series of updates posted on January 28 via X , Shiba Inu's lead developer, Shytoshi Kusama, signaled that a major new collaboration is on the horizon for the Shiba Inu (SHIB) ecosystem. Kusama also took the opportunity to reiterate the importance of protecting the integrity of SHIB's official communication channels from any misuse.

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