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Binance Academy
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Connecting MetaMask to BNB Smart Chain
TL;DR
MetaMask is a cryptocurrency wallet that gives you access to the world of blockchain apps and decentralized finance. MetaMask is available as a mobile app and web browser extension.Although originally designed to interact with the Ethereum network, you can use MetaMask to access several other blockchain networks, including the BNB Smart Chain.This article will guide you through the process of setting up a MetaMask and connecting it to the BNB Smart Chain (BSC).
Installing and Setting up MetaMask
MetaMask can be used on multiple browsers, including Chrome, Firefox, and Brave. On mobile, MetaMask is available for both iOS and Android users. Note that the instructions might be slightly different depending on the platform you are using, but you should be able to follow through regardless.
1. First, go to the MetaMask download page (https://metamask.io/download.html) and select whichever platform youโre using. Then, follow the steps to install it on your device.
2. Next, click [Create a new wallet] and follow the instructions.
3. Itโs recommended to secure your wallet with a secret recovery phrase (also known as a seed phrase). This phrase will work like a master key to your wallet and funds.
4. Write down your secret recovery phrase and save it in a secure place. Without this phrase, your funds canโt be recovered if your device is damaged or lost. You should never share your secret recovery phrase with anyone.
5. Enter the missing words to confirm your phrase and click [Confirm].
6. Thatโs it! You should now see your wallet, ready to send and receive funds.
Adding a New Blockchain Network to Your MetaMask
You might notice that the new wallet is, by default, connected to the Ethereum network. But, our goal here is to connect MetaMask to the BNB Smart Chain (BSC). This will allow us to interact and use the decentralized applications (DApps) that are only available on the BNB Smart Chain.
1. Go to [Ethereum Mainnet] at the top left corner and click on [Add network].
2. Next, find the BNB Chain on the list and click [Add].
3. Check the network details and click [Approve].
4. You have now added the BNB Chain network to your MetaMask. If you want to start using it right away, click [Switch to BNB Chain]. If you want to stay on the Ethereum network for now, click [Dismiss].
5. Keep in mind that you canโt simply transfer funds from one blockchain network to another (e.g., transfer from BNB Chain to Ethereum). BNB Chain transfer can only be made to and from BNB Chain wallets โ unless you are using a blockchain bridge, which is specifically designed to move funds across different chains.
6. Good job! You should now be connected to the BNB Chain. Note that you will need to fund your MetaMask wallet with some BNB to pay for transaction fees. For example, you can withdraw BNB from your Binance account to your MetaMask via the BEP-20 network.
How to Manually Add a Network to MetaMask
Since weโve already added the BSC mainnet in the previous steps, we will illustrate the following steps by adding the BNB Smart Chain Testnet network. You can use the testnet network to play around with fake money and get familiar with the wallet.
1. To manually add a network to your MetaMask, click [Add network] and then [Add a network manually] at the bottom of the screen.
2. Next, you have to add the network parameters. Note that these parameters are unique to each network.
BNB Chain Testnet parameters
Network name: BNB Chain TestnetNew RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/Chain ID: 97Currency symbol: tBNBBlock explorer URL: https://testnet.bscscan.com
3. Done. You have added the BNB Chain Testnet to your MetaMask.
Making MetaMask Transactions (On the Testnet)
To illustrate how the wallet works, we will make a transaction on the testnet network using fake money.ย
1. Go to your MetaMask wallet and click on your address to copy it.
2. Go to the BNB Smart Chain Faucet (https://testnet.binance.org/faucet-smart) and paste your wallet address in the respective field. Then click [0.1 BNB] under [Give me BNB].
3. Wait until the fake funds arrive. Note that tBNB is the fake BNB used on the testnet network.
4. From here, weโll send the funds off somewhere to demonstrate how it works. Weโve just grabbed a random address from BscScan Testnet that weโll donate them to.ย
Click [Send] and paste the destination wallet address. Then, select the asset and amount and click [Next].
5. Check the transaction details before clicking [Confirm]. In this example, we are sending 0.05 tBNB to this random address.
6. Wait a few seconds for the transaction to be confirmed. You can check your past transactions under your MetaMaskโs Activity tab.
Closing Thoughts
MetaMask has long been a popular Web3 wallet for accessing the Ethereum ecosystem. But, in just a few steps, anyone can configure it to connect to the BNB Smart Chain, which opens up a whole new set of decentralized applications that run on the BNB ecosystem.
Disclaimer: This content is presented to you on an โas isโ basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer herefor further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
MetaMask is a cryptocurrency wallet that gives you access to the world of blockchain apps and decentralized finance. MetaMask is available as a mobile app and web browser extension.Although originally designed to interact with the Ethereum network, you can use MetaMask to access several other blockchain networks, including the BNB Smart Chain.This article will guide you through the process of setting up a MetaMask and connecting it to the BNB Smart Chain (BSC).
Installing and Setting up MetaMask
MetaMask can be used on multiple browsers, including Chrome, Firefox, and Brave. On mobile, MetaMask is available for both iOS and Android users. Note that the instructions might be slightly different depending on the platform you are using, but you should be able to follow through regardless.
1. First, go to the MetaMask download page (https://metamask.io/download.html) and select whichever platform youโre using. Then, follow the steps to install it on your device.
2. Next, click [Create a new wallet] and follow the instructions.
3. Itโs recommended to secure your wallet with a secret recovery phrase (also known as a seed phrase). This phrase will work like a master key to your wallet and funds.
4. Write down your secret recovery phrase and save it in a secure place. Without this phrase, your funds canโt be recovered if your device is damaged or lost. You should never share your secret recovery phrase with anyone.
5. Enter the missing words to confirm your phrase and click [Confirm].
6. Thatโs it! You should now see your wallet, ready to send and receive funds.
Adding a New Blockchain Network to Your MetaMask
You might notice that the new wallet is, by default, connected to the Ethereum network. But, our goal here is to connect MetaMask to the BNB Smart Chain (BSC). This will allow us to interact and use the decentralized applications (DApps) that are only available on the BNB Smart Chain.
1. Go to [Ethereum Mainnet] at the top left corner and click on [Add network].
2. Next, find the BNB Chain on the list and click [Add].
3. Check the network details and click [Approve].
4. You have now added the BNB Chain network to your MetaMask. If you want to start using it right away, click [Switch to BNB Chain]. If you want to stay on the Ethereum network for now, click [Dismiss].
5. Keep in mind that you canโt simply transfer funds from one blockchain network to another (e.g., transfer from BNB Chain to Ethereum). BNB Chain transfer can only be made to and from BNB Chain wallets โ unless you are using a blockchain bridge, which is specifically designed to move funds across different chains.
6. Good job! You should now be connected to the BNB Chain. Note that you will need to fund your MetaMask wallet with some BNB to pay for transaction fees. For example, you can withdraw BNB from your Binance account to your MetaMask via the BEP-20 network.
How to Manually Add a Network to MetaMask
Since weโve already added the BSC mainnet in the previous steps, we will illustrate the following steps by adding the BNB Smart Chain Testnet network. You can use the testnet network to play around with fake money and get familiar with the wallet.
1. To manually add a network to your MetaMask, click [Add network] and then [Add a network manually] at the bottom of the screen.
2. Next, you have to add the network parameters. Note that these parameters are unique to each network.
BNB Chain Testnet parameters
Network name: BNB Chain TestnetNew RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/Chain ID: 97Currency symbol: tBNBBlock explorer URL: https://testnet.bscscan.com
3. Done. You have added the BNB Chain Testnet to your MetaMask.
Making MetaMask Transactions (On the Testnet)
To illustrate how the wallet works, we will make a transaction on the testnet network using fake money.ย
1. Go to your MetaMask wallet and click on your address to copy it.
2. Go to the BNB Smart Chain Faucet (https://testnet.binance.org/faucet-smart) and paste your wallet address in the respective field. Then click [0.1 BNB] under [Give me BNB].
3. Wait until the fake funds arrive. Note that tBNB is the fake BNB used on the testnet network.
4. From here, weโll send the funds off somewhere to demonstrate how it works. Weโve just grabbed a random address from BscScan Testnet that weโll donate them to.ย
Click [Send] and paste the destination wallet address. Then, select the asset and amount and click [Next].
5. Check the transaction details before clicking [Confirm]. In this example, we are sending 0.05 tBNB to this random address.
6. Wait a few seconds for the transaction to be confirmed. You can check your past transactions under your MetaMaskโs Activity tab.
Closing Thoughts
MetaMask has long been a popular Web3 wallet for accessing the Ethereum ecosystem. But, in just a few steps, anyone can configure it to connect to the BNB Smart Chain, which opens up a whole new set of decentralized applications that run on the BNB ecosystem.
Disclaimer: This content is presented to you on an โas isโ basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer herefor further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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CryptoNewsLand
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Solana Meme Coin Whale Who Caught Dogwifhat (WIF) At $0.05 Has Accumulated a Massive Bag of Hump ...
Have you heard about the recent surge in popularity of the meme coin Solana? Maybe youโve seen talks about how Whales were able to purchase Dogwifhat (WIF) at a discount and quickly amass a sizable amount of Hump (HUMP) tokens. What causes this occurrence, in reality? Is there a hidden motive behind why individuals buy this asset?
Understanding Meme Coins and Solana
Letโs first clarify what is meant by meme money and Solana. One blockchain platform that is gaining traction is Solana, particularly because of its performance and scalability. Meme coins, on the other hand, are digital assets that are made for amusement or humor but frequently have a high speculative value.
Understanding the Solana Context and the HUMP Token (HUMP)
Letโs now concentrate on the HUMP token. One meme coin that is based on the Solana network is called HUMP. The cryptocurrency world took notice of this coin when a major stakeholder was able to purchase Dogwifhat (WIF) for a discounted price. Investor interest in obtaining the Hump token increased when Dogwifhat was subsequently connected to it. This major holder has amassed a sizable collection of Hump tokens over the last week, prompting speculation as to whether he is privy to information that the rest of us are not. Was there a specific rationale behind his decision to allocate his resources to HUMP? Does a specific announcement or project that might be the cause of this behavior?
HUMP Listed on CoinGecko and CMC
Itโs interesting to note that HUMP is available on CoinGecko and CMC (CoinMarketCap), two reputable websites that provide data on the cryptocurrency market. This demonstrates that, despite its humorous beginnings, HUMP has earned official status within the cryptocurrency world. The good news is that HUMP will soon be listed on CEX, the central cryptocurrency exchange. This may give investors more confidence, which is one of the possible reasons these huge holders decide to amass HUMP tokens. But itโs crucial to keep in mind that meme currencies are frequently very risky and volatile. Purchasing such assets should be done so cautiously and only after thorough investigation.
HUMP Phenomenon and Future Investment Challenges
In conclusion, the Solana meme coin phenomenon like HUMP shows an interesting dynamic in the crypto market. While they may initially start as a joke, such assets can gain official recognition and significant investor interest. With the announcement that HUMP will soon be listed on CEX, we can look forward to seeing how this asset will develop in the future. However, remain vigilant and do thorough research before making an investment decision.
Click here to Buy Hump Token (HUMP):
Website: https://hump.io/ย
Twitter: https://x.com/Humptoken
Telegram: https://t.me/humptokenย
The post Solana Meme Coin Whale Who Caught Dogwifhat (WIF) at $0.05 Has Accumulated a Massive Bag of Hump Token (HUMP) in Past WeekโDoes He Know Something We Donโt? appeared first on Crypto News Land.
Understanding Meme Coins and Solana
Letโs first clarify what is meant by meme money and Solana. One blockchain platform that is gaining traction is Solana, particularly because of its performance and scalability. Meme coins, on the other hand, are digital assets that are made for amusement or humor but frequently have a high speculative value.
Understanding the Solana Context and the HUMP Token (HUMP)
Letโs now concentrate on the HUMP token. One meme coin that is based on the Solana network is called HUMP. The cryptocurrency world took notice of this coin when a major stakeholder was able to purchase Dogwifhat (WIF) for a discounted price. Investor interest in obtaining the Hump token increased when Dogwifhat was subsequently connected to it. This major holder has amassed a sizable collection of Hump tokens over the last week, prompting speculation as to whether he is privy to information that the rest of us are not. Was there a specific rationale behind his decision to allocate his resources to HUMP? Does a specific announcement or project that might be the cause of this behavior?
HUMP Listed on CoinGecko and CMC
Itโs interesting to note that HUMP is available on CoinGecko and CMC (CoinMarketCap), two reputable websites that provide data on the cryptocurrency market. This demonstrates that, despite its humorous beginnings, HUMP has earned official status within the cryptocurrency world. The good news is that HUMP will soon be listed on CEX, the central cryptocurrency exchange. This may give investors more confidence, which is one of the possible reasons these huge holders decide to amass HUMP tokens. But itโs crucial to keep in mind that meme currencies are frequently very risky and volatile. Purchasing such assets should be done so cautiously and only after thorough investigation.
HUMP Phenomenon and Future Investment Challenges
In conclusion, the Solana meme coin phenomenon like HUMP shows an interesting dynamic in the crypto market. While they may initially start as a joke, such assets can gain official recognition and significant investor interest. With the announcement that HUMP will soon be listed on CEX, we can look forward to seeing how this asset will develop in the future. However, remain vigilant and do thorough research before making an investment decision.
Click here to Buy Hump Token (HUMP):
Website: https://hump.io/ย
Twitter: https://x.com/Humptoken
Telegram: https://t.me/humptokenย
The post Solana Meme Coin Whale Who Caught Dogwifhat (WIF) at $0.05 Has Accumulated a Massive Bag of Hump Token (HUMP) in Past WeekโDoes He Know Something We Donโt? appeared first on Crypto News Land.
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LIVEHamza Traders
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Bullish
Earn 3$ In Every 30 Seconds
Certainly! Let's explore a fascinating way to potentially earn money online. ๐
Google Docs is a versatile platform used by over 1 billion users worldwide for various tasks. By incorporating Google Docs into your online income strategy, you can tap into a wealth of tools and features to enhance your earnings. Here's how you can leverage it:
1. Proofreading Efficiency with Google Docs:
- Google Docs allows seamless remote collaboration, enabling you to work on documents simultaneously with clients or team members, regardless of their location.
- Real-time editing and commenting features streamline proofreading tasks, ensuring swift and accurate completion.
- Access Google Docs from any device with internet connectivity, eliminating version control issues and scattered feedback emails.
2. Maximizing Earnings Strategies:
- Google AdSense: Monetize your content by integrating Google AdSense.
- Create Engaging Content: Craft high-quality, engaging content to attract a wider audience.
- SEO Techniques: Improve visibility on search engines through effective SEO practices.
- Social Media Promotion: Share your Google Docs content across various social media platforms.
- Premium Content or Services: Offer premium content or services for a fee to generate additional income.
3. Enhancing Proofreading Skills:
- Utilize Google Docs' spell checker tool to improve accuracy in proofreading tasks.
- Access Google Docs from any device, allowing you to proofread on the go.
- Streamline your workflow, leading to higher-quality work and increased earning potential in the online proofreading market.
Remember, while the idea of earning $3 every 30 seconds sounds exciting, it's essential to approach online income opportunities with a critical eye. Always verify the legitimacy of any method and exercise caution. Happy earning! ๐ธ๐
#BullorBear
Certainly! Let's explore a fascinating way to potentially earn money online. ๐
Google Docs is a versatile platform used by over 1 billion users worldwide for various tasks. By incorporating Google Docs into your online income strategy, you can tap into a wealth of tools and features to enhance your earnings. Here's how you can leverage it:
1. Proofreading Efficiency with Google Docs:
- Google Docs allows seamless remote collaboration, enabling you to work on documents simultaneously with clients or team members, regardless of their location.
- Real-time editing and commenting features streamline proofreading tasks, ensuring swift and accurate completion.
- Access Google Docs from any device with internet connectivity, eliminating version control issues and scattered feedback emails.
2. Maximizing Earnings Strategies:
- Google AdSense: Monetize your content by integrating Google AdSense.
- Create Engaging Content: Craft high-quality, engaging content to attract a wider audience.
- SEO Techniques: Improve visibility on search engines through effective SEO practices.
- Social Media Promotion: Share your Google Docs content across various social media platforms.
- Premium Content or Services: Offer premium content or services for a fee to generate additional income.
3. Enhancing Proofreading Skills:
- Utilize Google Docs' spell checker tool to improve accuracy in proofreading tasks.
- Access Google Docs from any device, allowing you to proofread on the go.
- Streamline your workflow, leading to higher-quality work and increased earning potential in the online proofreading market.
Remember, while the idea of earning $3 every 30 seconds sounds exciting, it's essential to approach online income opportunities with a critical eye. Always verify the legitimacy of any method and exercise caution. Happy earning! ๐ธ๐
#BullorBear
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LIVETrade Station
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๐ฑ๐ฆ๐ฆThe wallet of the whale who bought Bitcoin under $30 and did not move for 10 years woke up after 10 years
The wallet, which contains 1701 Bitcoins with a current value of $ 118 million and has not moved for 10 years, was opened and moved after many years. According to the information provided by the on-chain tracking platform Lookonchain, there were 246 #BTC outflows worth $ 18 million from the wallet.
he averaged $29
In the information provided to Lookonchain, it was also stated that the whale last received a Bitcoin transfer in 2013, that is, it saw login. The purchase average of the wallet, which received 4272 BTC at that time, was also determined as $ 29.3. It was written that the #Bitcoin price was about $ 125 during the time when the wallet was logged in.
The whale also saw the benefit of his long wait by making a very serious profit. Nowadays, when Bitcoin is trading above 70 thousand dollars, the whale's profit is hovering around 240,000%. While transfers made from many old wallets have attracted attention recently, it does not escape the eyes that most of them have been transferred to new wallets, not to exchanges. This indicates that the whales have switched to new style wallets for security reasons and have not made transfers for sales purposes.
there are 90 million dollar purchases in 1 month
In another information provided by Lookonchain, it was stated that a large account has been collecting Bitcoins seriously since March 6. this whale, which reached an average of 68 thousand dollars, bought about 90 million dollars worth of Bitcoin as of March 6.
#BullorBear #binance
The wallet, which contains 1701 Bitcoins with a current value of $ 118 million and has not moved for 10 years, was opened and moved after many years. According to the information provided by the on-chain tracking platform Lookonchain, there were 246 #BTC outflows worth $ 18 million from the wallet.
he averaged $29
In the information provided to Lookonchain, it was also stated that the whale last received a Bitcoin transfer in 2013, that is, it saw login. The purchase average of the wallet, which received 4272 BTC at that time, was also determined as $ 29.3. It was written that the #Bitcoin price was about $ 125 during the time when the wallet was logged in.
The whale also saw the benefit of his long wait by making a very serious profit. Nowadays, when Bitcoin is trading above 70 thousand dollars, the whale's profit is hovering around 240,000%. While transfers made from many old wallets have attracted attention recently, it does not escape the eyes that most of them have been transferred to new wallets, not to exchanges. This indicates that the whales have switched to new style wallets for security reasons and have not made transfers for sales purposes.
there are 90 million dollar purchases in 1 month
In another information provided by Lookonchain, it was stated that a large account has been collecting Bitcoins seriously since March 6. this whale, which reached an average of 68 thousand dollars, bought about 90 million dollars worth of Bitcoin as of March 6.
#BullorBear #binance
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LIVECryptoNewsLand
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Solana Price Prediction: Could SOLโs Value Soar Past $600 in 2024?
Solana represents a developing blockchain platform established in 2017 that facilitates decentralized and scalable applications. It emerges as an open-source initiative steered by the Geneva-based Solana Foundation, with its development helmed by Solana Labs in San Francisco. At its core, Solana distinguishes itself by its exceptional transaction speed and minimal costs, starkly contrasting with competitors like Ethereum.
Solanaโs Financial Landscape
In 2021, the digital currency Solana (SOL) experienced a rapid rise, with its value soaring by nearly 12,000%. This surge pushed its market capitalization above $75 billion, ranking it among the leading cryptocurrencies. However, the volatile crypto market in 2022 decreased its value, reducing its market cap to approximately $3.63 billion by December 29.ย
Despite these challenges, Solana demonstrated its resilience. Within a year, it managed to recover almost half of the lost market capitalization, highlighting its volatility and capacity for recovery in the unpredictable cryptocurrency market.
Modern Technology and Consensus
Solanaโs exceptional performance is largely due to its unique architecture that addresses common bottlenecks in blockchain technology. This architecture supports a limit of 710,000 transactions per second (TPS) on a standard network.ย
Moreover, enhanced networks can handle up to 28.4 million TPS. Such capabilities are made possible by combining two consensus models: Proof of History (PoH) and Proof of Stake (PoS).
Proof of Stake (PoS): In this model, validators, or those responsible for verifying transactions, do so based on the quantity of coins or tokens they hold.
Proof of History (PoH): This mechanism allows transactions to be timestamped and verified swiftly, enhancing the blockchainโs efficiency and security.
Together, these technologies ensure that Solana stands out as a scalable, secure, and decentralized platform, capable of supporting a wide range of applications and services in the advancing digital landscape.
Track all markets on TradingView Solana Technical Analysis
The Solana (SOL) token has demonstrated a bullish trend over the past month, with an impressive increase in value. Starting the month at $107.62, SOLโs price soared, reaching a high of $206.47. Despite some monthly fluctuations, the closing price marked a substantial 70.6% rise, settling at $188.95.
SOL/USD 1-Month Chart (Source:coinmarketcap)
On the weekly scale, SOLโs price movements were characterized by volatility, initially dipping to $168.99, followed by a rally to a high of $196.02. Despite the subsequent price dips and recoveries, the week ended with a 5.47% gain. The frequent changes highlight the volatility typical of the crypto market, with substantial price shifts occurring within short time spans.
As of press time, SOL is trading at $188.95, marking a 4.08% increase within the day. Correspondingly, the market capitalization has risen by 3.64% in the last 24 hours to $83.633 billion, despite a 26.04% decrease in trading volume, which now stands at $2.854 billion.
SOL/USD 4-Hour Chart (Source: TradingView)
The 4-hour chart from Kraken shows SOLโs price consolidating between the $210 and $160 marks. In the near term, prices will oscillate within this band, exhibiting horizontal movement. However, the long-term outlook suggests a possible breakout in either direction.ย
A bearish shift could lead to a retest of the $181 support level, coinciding with the 50% Fibonacci retracement. Conversely, a bullish surge may breach the resistance around $196, aiming for the 78.6% Fibonacci level.
Supporting the current bullish sentiment, the Stochastic RSI points to strong momentum, indicated by its ascent to 72.63, signaling a potential uptrend continuation. Yet, as it approaches overbought territory, thereโs a risk of a subsequent pullback or correction.ย
Furthermore, the 50-day Moving Average has supported SOLโs price in the last two days, underlining the overall positive trend backed by this key technical indicator.
When Will Ripple (XRP) Hit $13? Insider Insights on Elliott Wave Pattern Suggests Impending Surge
Solana Price Prediction
Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 $110.60 $250.42 $305.51 2025 $241.93 $301.85 $399.56 2026 $297.30 $384.02 $449.85 2027 $381.07 $455.69 $501.76 2028 $449.98 $503.53 $589.72 2029 $500.53 $590.99 $656.08 2030 $579.12 $660,75 $750.95 2031 $640 $789.46 $920.55
Solana Price Prediction 2024
Based on the historical price analysis of Solana, projections for the end of 2024 suggest that the lowest expected price of Solana could be approximately $110.60. The peak price is anticipated to reach about $305.51. On average, it is estimated that Solana could trade at around $250.42 throughout 2024.
Solana Price Prediction 2025
Projections for Solanaโs price in 2025 suggest that it may dip to a minimum of $241.93. According to our analysis, thereโs potential for the SOL price to climb to a peak of $399.56, with an expected average trading price of around $301.85.
Solana Price Prediction 2026
Based on an extensive analysis of historical pricing data for Solana (SOL), projections for 2026 indicate that the expected minimum price of SOL may be approximately $297.30. The maximum price is predicted to potentially reach up to $449.85, with the average trading price likely hovering around $384.02.
Solana Price Prediction 2027
In 2027, the minimum price of one Solana (SOL) is anticipated to touch $381.07. The SOL token has the potential to peak at a value of $501.76, with its average trading price projected to hover around $455.69 for the year.
Solana Price Prediction 2028
Based on an extensive technical evaluation of historical pricing data for SOL, it is projected that by 2028, the value of Solana could potentially attain a minimum threshold of $449.98. The SOL price may escalate to a peak of $589.72, with an anticipated average trading price hovering around $503.53.
Solana Price Prediction 2029
It is forecasted that by 2029, the value of Solana could potentially achieve a floor price of $500.53. The peak price for Solana within that year is anticipated to hit $656.08, with an expected average trading price of around $590.99 over the year.
Solana Price Prediction 2030
Projections suggest that by 2030, the price of Solana could dip to a minimum of $579.12. According to our research, the potential peak value of SOL may climb to as high as $750.95, while the average price is expected to hover around $660,75.
Solana Price Prediction 2031
It is forecasted that in 2031, Solanaโs price will attain a floor of $640. The peak value for Solana could touch $920.55, with its average trading price expected to hover around $789.46 during the year 2031.
FAQ
Does Solana have a future?
Based on our review, the Solana Coinโs value is poised for an uptick, driven by the expanding use of its smart contract platform. Looking ahead to 2025, Solana Coin is projected to perform better. Should the present growth trend continue, we anticipate that the average price could rise to around $301.85.
How big will Solana go?
Solanaโs price may hit $305.51 by late 2024 due to its high transaction speeds and reliability. By 2030, SOL could surge to approximately $750.95. Currently, Solana stands at $188.95.
How much will Solana be worth by 2029?
Forecasts indicate that by 2029, Solanaโs price could fall to as low as $500.53. Research predicts a potential high of $656.08 for SOL, with an expected average price of around $590.99.
Is it too late to invest in Solana?
Despite Solanaโs surge of over 700% from its low in 2023, opportunities to capitalize on its growth could still exist. The cryptocurrency landscape continues to evolve rapidly.
Can Solana reach $500?
Reaching the $500 mark would be a significant feat for Solana (SOL), surpassing its prior peak of $259 in November 2021 by over 90%. Investment firm VanEck holds a positive long-term view of SOLโs prospects.
The post Solana Price Prediction: Could SOLโs Value Soar Past $600 in 2024? appeared first on Crypto News Land.
Solanaโs Financial Landscape
In 2021, the digital currency Solana (SOL) experienced a rapid rise, with its value soaring by nearly 12,000%. This surge pushed its market capitalization above $75 billion, ranking it among the leading cryptocurrencies. However, the volatile crypto market in 2022 decreased its value, reducing its market cap to approximately $3.63 billion by December 29.ย
Despite these challenges, Solana demonstrated its resilience. Within a year, it managed to recover almost half of the lost market capitalization, highlighting its volatility and capacity for recovery in the unpredictable cryptocurrency market.
Modern Technology and Consensus
Solanaโs exceptional performance is largely due to its unique architecture that addresses common bottlenecks in blockchain technology. This architecture supports a limit of 710,000 transactions per second (TPS) on a standard network.ย
Moreover, enhanced networks can handle up to 28.4 million TPS. Such capabilities are made possible by combining two consensus models: Proof of History (PoH) and Proof of Stake (PoS).
Proof of Stake (PoS): In this model, validators, or those responsible for verifying transactions, do so based on the quantity of coins or tokens they hold.
Proof of History (PoH): This mechanism allows transactions to be timestamped and verified swiftly, enhancing the blockchainโs efficiency and security.
Together, these technologies ensure that Solana stands out as a scalable, secure, and decentralized platform, capable of supporting a wide range of applications and services in the advancing digital landscape.
Track all markets on TradingView Solana Technical Analysis
The Solana (SOL) token has demonstrated a bullish trend over the past month, with an impressive increase in value. Starting the month at $107.62, SOLโs price soared, reaching a high of $206.47. Despite some monthly fluctuations, the closing price marked a substantial 70.6% rise, settling at $188.95.
SOL/USD 1-Month Chart (Source:coinmarketcap)
On the weekly scale, SOLโs price movements were characterized by volatility, initially dipping to $168.99, followed by a rally to a high of $196.02. Despite the subsequent price dips and recoveries, the week ended with a 5.47% gain. The frequent changes highlight the volatility typical of the crypto market, with substantial price shifts occurring within short time spans.
As of press time, SOL is trading at $188.95, marking a 4.08% increase within the day. Correspondingly, the market capitalization has risen by 3.64% in the last 24 hours to $83.633 billion, despite a 26.04% decrease in trading volume, which now stands at $2.854 billion.
SOL/USD 4-Hour Chart (Source: TradingView)
The 4-hour chart from Kraken shows SOLโs price consolidating between the $210 and $160 marks. In the near term, prices will oscillate within this band, exhibiting horizontal movement. However, the long-term outlook suggests a possible breakout in either direction.ย
A bearish shift could lead to a retest of the $181 support level, coinciding with the 50% Fibonacci retracement. Conversely, a bullish surge may breach the resistance around $196, aiming for the 78.6% Fibonacci level.
Supporting the current bullish sentiment, the Stochastic RSI points to strong momentum, indicated by its ascent to 72.63, signaling a potential uptrend continuation. Yet, as it approaches overbought territory, thereโs a risk of a subsequent pullback or correction.ย
Furthermore, the 50-day Moving Average has supported SOLโs price in the last two days, underlining the overall positive trend backed by this key technical indicator.
When Will Ripple (XRP) Hit $13? Insider Insights on Elliott Wave Pattern Suggests Impending Surge
Solana Price Prediction
Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 $110.60 $250.42 $305.51 2025 $241.93 $301.85 $399.56 2026 $297.30 $384.02 $449.85 2027 $381.07 $455.69 $501.76 2028 $449.98 $503.53 $589.72 2029 $500.53 $590.99 $656.08 2030 $579.12 $660,75 $750.95 2031 $640 $789.46 $920.55
Solana Price Prediction 2024
Based on the historical price analysis of Solana, projections for the end of 2024 suggest that the lowest expected price of Solana could be approximately $110.60. The peak price is anticipated to reach about $305.51. On average, it is estimated that Solana could trade at around $250.42 throughout 2024.
Solana Price Prediction 2025
Projections for Solanaโs price in 2025 suggest that it may dip to a minimum of $241.93. According to our analysis, thereโs potential for the SOL price to climb to a peak of $399.56, with an expected average trading price of around $301.85.
Solana Price Prediction 2026
Based on an extensive analysis of historical pricing data for Solana (SOL), projections for 2026 indicate that the expected minimum price of SOL may be approximately $297.30. The maximum price is predicted to potentially reach up to $449.85, with the average trading price likely hovering around $384.02.
Solana Price Prediction 2027
In 2027, the minimum price of one Solana (SOL) is anticipated to touch $381.07. The SOL token has the potential to peak at a value of $501.76, with its average trading price projected to hover around $455.69 for the year.
Solana Price Prediction 2028
Based on an extensive technical evaluation of historical pricing data for SOL, it is projected that by 2028, the value of Solana could potentially attain a minimum threshold of $449.98. The SOL price may escalate to a peak of $589.72, with an anticipated average trading price hovering around $503.53.
Solana Price Prediction 2029
It is forecasted that by 2029, the value of Solana could potentially achieve a floor price of $500.53. The peak price for Solana within that year is anticipated to hit $656.08, with an expected average trading price of around $590.99 over the year.
Solana Price Prediction 2030
Projections suggest that by 2030, the price of Solana could dip to a minimum of $579.12. According to our research, the potential peak value of SOL may climb to as high as $750.95, while the average price is expected to hover around $660,75.
Solana Price Prediction 2031
It is forecasted that in 2031, Solanaโs price will attain a floor of $640. The peak value for Solana could touch $920.55, with its average trading price expected to hover around $789.46 during the year 2031.
FAQ
Does Solana have a future?
Based on our review, the Solana Coinโs value is poised for an uptick, driven by the expanding use of its smart contract platform. Looking ahead to 2025, Solana Coin is projected to perform better. Should the present growth trend continue, we anticipate that the average price could rise to around $301.85.
How big will Solana go?
Solanaโs price may hit $305.51 by late 2024 due to its high transaction speeds and reliability. By 2030, SOL could surge to approximately $750.95. Currently, Solana stands at $188.95.
How much will Solana be worth by 2029?
Forecasts indicate that by 2029, Solanaโs price could fall to as low as $500.53. Research predicts a potential high of $656.08 for SOL, with an expected average price of around $590.99.
Is it too late to invest in Solana?
Despite Solanaโs surge of over 700% from its low in 2023, opportunities to capitalize on its growth could still exist. The cryptocurrency landscape continues to evolve rapidly.
Can Solana reach $500?
Reaching the $500 mark would be a significant feat for Solana (SOL), surpassing its prior peak of $259 in November 2021 by over 90%. Investment firm VanEck holds a positive long-term view of SOLโs prospects.
The post Solana Price Prediction: Could SOLโs Value Soar Past $600 in 2024? appeared first on Crypto News Land.
๐๐๐ฅ๐
LIVECrypto PM
--
I Found Some 500x Bangers, Don't Hate Me For Revealing Such Secrets
RWA is not narrative - It's the biggest life-changing opportunity
I have been waiting for this moment 4 years, and finally
I found some 500x bangers, don't hate me for revealing such secrets
๐งต๐
1/ I spent 2 weeks researching coinbase-backed projects, that have unique technology and can attract BlackRock's attention
This list can bring life change, and I'm sharing it absolutely for free ๐
2/ Let's start from 200x banger
โฌ $TRADE | @ Polytrade_fin
| The first marketplace for RWA.
Imagine what will be with $TRADE when RWA reaches $4T market cap and all will use this marketplace.
I've aped $10,000 and I am not going to sell any $TRADE until we reach 20x
3/ โฆ Ticker: $TRADE
โฆ Price: $2.53
โฆ Mcap: ~$82.14M
โฆ CA: 0x6e5970dbd6fc7eb1f29c6d2edf2bc4c36124c0c1
4/ @frok_ai | $FROK
Frok is an under-radar project that aims to demonstrate the fusion of blockchain and AI, seamlessly integrating them into web2.
AI + RWA + Build on Base(RWA blockchain) + Experienced Team = ๐
5/ โฆ Ticker: $FROK
โฆ Price: $0.16
โฆ FDV: ~$67.9M
โฆ CA: 0x42069babe14fb1802c5cb0f50bb9d2ad6fef55e2
6/ @chainlink | $LINK (No brain BET)
Chainlink is the decentralized computing platform powering the verifiable web.
In other words, it's a fundamental project that continues to develop. Don't expect 100x gains like with $TRADE & $FROK, but it looks like an easy 3x without risks.
7/ โฆ Ticker: $LINK
โฆ Price: $17.36
โฆ Mcap: ~$10.2B
โฆ CA: 0x514910771af9ca656af840dff83e8264ecf986ca
8/ @credefi_finance | $CREDI
Credefi is a project that solves issues with DeFi economy offering a connection between crypto lenders and borrowers from WEB2
Now this technology is not in demand, but it will be very necessary in 1-3 years, when $CREDI will be able to make x100
9/ โฆ Ticker: $CREDI
โฆ Price: $0.042
โฆ Mcap: ~$31.57M
10/ @tokenfi | $TOKEN
Tokenfi is an ultimate platform that aims to make tokenization seamless and easy for the masses.
Huge utility, good team, and backers signaling about huge project potential.
11/ โฆ Ticker: $TOKEN
โฆ Price: $0.14
โฆ Mcap: ~$147.3M
โฆ CA: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528
12/ @AllianceBlock | $NXRA (Juiciest BET for today)
AllianceBlock allows web2 businesses to tokenize and trade assets.
Such an idea could attach a lot of investments and result in 500x or even more during the next years, I'm not joking.
13/ โฆ Ticker: $NXRA
โฆ Price: $0.23
โฆ Mcap: ~$179.73M
โฆ CA: 0x644192291cc835a93d6330b24ea5f5fedd0eef9e
14/ โฌ @goldfinch_fi | $GFI
Goldfinch is a decentralized credit protocol that allows anyone to be a lender.
Known since the last bull run and believe in their success because their technology is truly worth joining as one of the top RWA projects this year.
15/ โฆ Ticker: $GFI
โฆ Price: $4.38
โฆ Mcap: ~$318.46M
โฆ CA: 0xdab396ccf3d84cf2d07c4454e10c8a6f5b008d2b
16/ I hope you've found this ARTICLE helpful.
Follow me @Crypto PM for more.
#WhaleAlert #BullorBear #100xgems #100xGem
I have been waiting for this moment 4 years, and finally
I found some 500x bangers, don't hate me for revealing such secrets
๐งต๐
1/ I spent 2 weeks researching coinbase-backed projects, that have unique technology and can attract BlackRock's attention
This list can bring life change, and I'm sharing it absolutely for free ๐
2/ Let's start from 200x banger
โฌ $TRADE | @ Polytrade_fin
| The first marketplace for RWA.
Imagine what will be with $TRADE when RWA reaches $4T market cap and all will use this marketplace.
I've aped $10,000 and I am not going to sell any $TRADE until we reach 20x
3/ โฆ Ticker: $TRADE
โฆ Price: $2.53
โฆ Mcap: ~$82.14M
โฆ CA: 0x6e5970dbd6fc7eb1f29c6d2edf2bc4c36124c0c1
4/ @frok_ai | $FROK
Frok is an under-radar project that aims to demonstrate the fusion of blockchain and AI, seamlessly integrating them into web2.
AI + RWA + Build on Base(RWA blockchain) + Experienced Team = ๐
5/ โฆ Ticker: $FROK
โฆ Price: $0.16
โฆ FDV: ~$67.9M
โฆ CA: 0x42069babe14fb1802c5cb0f50bb9d2ad6fef55e2
6/ @chainlink | $LINK (No brain BET)
Chainlink is the decentralized computing platform powering the verifiable web.
In other words, it's a fundamental project that continues to develop. Don't expect 100x gains like with $TRADE & $FROK, but it looks like an easy 3x without risks.
7/ โฆ Ticker: $LINK
โฆ Price: $17.36
โฆ Mcap: ~$10.2B
โฆ CA: 0x514910771af9ca656af840dff83e8264ecf986ca
8/ @credefi_finance | $CREDI
Credefi is a project that solves issues with DeFi economy offering a connection between crypto lenders and borrowers from WEB2
Now this technology is not in demand, but it will be very necessary in 1-3 years, when $CREDI will be able to make x100
9/ โฆ Ticker: $CREDI
โฆ Price: $0.042
โฆ Mcap: ~$31.57M
10/ @tokenfi | $TOKEN
Tokenfi is an ultimate platform that aims to make tokenization seamless and easy for the masses.
Huge utility, good team, and backers signaling about huge project potential.
11/ โฆ Ticker: $TOKEN
โฆ Price: $0.14
โฆ Mcap: ~$147.3M
โฆ CA: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528
12/ @AllianceBlock | $NXRA (Juiciest BET for today)
AllianceBlock allows web2 businesses to tokenize and trade assets.
Such an idea could attach a lot of investments and result in 500x or even more during the next years, I'm not joking.
13/ โฆ Ticker: $NXRA
โฆ Price: $0.23
โฆ Mcap: ~$179.73M
โฆ CA: 0x644192291cc835a93d6330b24ea5f5fedd0eef9e
14/ โฌ @goldfinch_fi | $GFI
Goldfinch is a decentralized credit protocol that allows anyone to be a lender.
Known since the last bull run and believe in their success because their technology is truly worth joining as one of the top RWA projects this year.
15/ โฆ Ticker: $GFI
โฆ Price: $4.38
โฆ Mcap: ~$318.46M
โฆ CA: 0xdab396ccf3d84cf2d07c4454e10c8a6f5b008d2b
16/ I hope you've found this ARTICLE helpful.
Follow me @Crypto PM for more.
#WhaleAlert #BullorBear #100xgems #100xGem
๐๐๐๐๐๐ฅ
LIVETrade Station
--
๐ ๐ฒ๐ป๐ฐ๐ธ๐ผ ๐ต๐๐ด๐ด REWARD ๐๐ฟ๐๐พ $10 ๐๐๐ณ๐/๐ฟ๐ด๐ฟ๐ด ๐ฒ๐พ๐ธ๐ฝ ๐ต๐๐พ๐ผ ๐๐ท๐๐พ๐๐ฝ ๐๐๐พ ๐ฟ๐ธ๐ฝ๐ฝ๐ด๐ณ ๐ฟ๐พ๐๐๐!๐ฐ๐ฐ๐
๐ Ready to embark on your cryptocurrency journey? Before you dive in headfirst, let's talk about those enticing price predictions circulating on social media. Here's a reality check on what's being touted for 2024:
๐ **$SHIB **: $5
๐ธ **$PEPE **: $39
๐ง **$XRP **: $2000
๐ **$LUNC**: $732
๐ถ **$DOGE**: $2502
๐ค Hold your horses! While these numbers may sound like a ticket to instant wealth, it's crucial to approach them with caution. Many of these predictions lack credible backing and may be based on wishful thinking rather than sound analysis.
๐ Digging deeper, it's evident that some of these forecasts are as reliable as a coin flip. Investing based solely on these speculative figures is akin to navigating in the dark without a compass.
๐ก Here's the deal: Before you start investing, arm yourself with knowledge. Research each cryptocurrency, understand its fundamentals, and analyze market trends. Remember, informed decisions are the key to success in the crypto world.
๐ As someone who's been around the block, I've seen my fair share of hype and hysteria. Trust me when I say that cautious optimism beats blind faith any day.
๐ข Spread the word and share your experiences! Have you encountered similar over-the-top predictions? Let's start a conversation and help steer newcomers away from potential pitfalls.
#TrendingTopic #Write2Earn #cryptoonline
๐ Ready to embark on your cryptocurrency journey? Before you dive in headfirst, let's talk about those enticing price predictions circulating on social media. Here's a reality check on what's being touted for 2024:
๐ **$SHIB **: $5
๐ธ **$PEPE **: $39
๐ง **$XRP **: $2000
๐ **$LUNC**: $732
๐ถ **$DOGE**: $2502
๐ค Hold your horses! While these numbers may sound like a ticket to instant wealth, it's crucial to approach them with caution. Many of these predictions lack credible backing and may be based on wishful thinking rather than sound analysis.
๐ Digging deeper, it's evident that some of these forecasts are as reliable as a coin flip. Investing based solely on these speculative figures is akin to navigating in the dark without a compass.
๐ก Here's the deal: Before you start investing, arm yourself with knowledge. Research each cryptocurrency, understand its fundamentals, and analyze market trends. Remember, informed decisions are the key to success in the crypto world.
๐ As someone who's been around the block, I've seen my fair share of hype and hysteria. Trust me when I say that cautious optimism beats blind faith any day.
๐ข Spread the word and share your experiences! Have you encountered similar over-the-top predictions? Let's start a conversation and help steer newcomers away from potential pitfalls.
#TrendingTopic #Write2Earn #cryptoonline
๐๐๐
LIVETopCryptoNews
--
Bullish
๐ช Bitcoin Should Cost 80,000 !
In order for miners to make a profit and continue their Bitcoin mining, its price must rise above $80,000 after the halving.
๐ According to CryptoQuant CEO Ki Yan Ju, the current cost of mining using Antminer S19 XP will increase from $40,000 to $80,000 after the BTC halving in April.
๐ค The average cost of mining one Bitcoin is now $49,902 with its price of $70,000. After the last halving in Bitcoin price increased in 2020 by 683% to $69,000.
$BTC #BullorBear #BTC
In order for miners to make a profit and continue their Bitcoin mining, its price must rise above $80,000 after the halving.
๐ According to CryptoQuant CEO Ki Yan Ju, the current cost of mining using Antminer S19 XP will increase from $40,000 to $80,000 after the BTC halving in April.
๐ค The average cost of mining one Bitcoin is now $49,902 with its price of $70,000. After the last halving in Bitcoin price increased in 2020 by 683% to $69,000.
$BTC #BullorBear #BTC
See original
If anyone is interested, give it a like ๐
LIVEMastering Crypto
--
๐ฅSAGA Investment Analysis and Price Forecast>>
Introduction
โข ๐คConsidering an early investment in SAGA and curious about its listing price? Let's delve into the numbers ๐.
Get Free USDT Here
Recent Binance Launchpool Performances
โข Recent projects on Binance's launch pool, like ETHena, EtherFi, and $AEVO, have seen remarkable success post-listing.
โข Take ETHena ($ENA) as an example: launched at a $430 million market cap, it swiftly doubled within minutes and quadrupled in 2 days, now trading at over $1 USD (3 times its initial listing price).
โข EtherFi ($ETHFI) launched at a $380 million market cap and doubled within 10 days.
SAGA Listing Price Prediction
โข I predict that upon listing, SAGA's market capitalization will range from $500 million to $700 million.
โข Considering an initial circulating supply of 90,000,000 (9% of the total supply), the estimated SAGA price would be approximately $5.5 USD to $7.7 USD (this is a calculated estimate; actual prices may vary).
Short-term Price Projection
โข With the recent market frenzy surrounding Binance Launchpool Projects, especially after ETH's successful listing, I anticipate SAGA's price doubling or more in a short span (reaching $10 to $14).
Investment Strategy
โข It's advisable to wait for an opportune entry point to purchase SAGA at a favorable price, considering Bitcoin's sideways movement pending macro news and limited significant shifts in altcoins.
Long-term Investment Potential
โข SAGA has diligently developed its product over 2 years, establishing numerous partnerships and a robust community.
โข This project holds considerable potential for long-term investment.
โค๏ธLIKE ๐ซFOLLOW ๐ณREQUOTE OR RESHARE
โจ๏ธ COMMENT
๐ซRemember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#USDT #SEC #Web3
Introduction
โข ๐คConsidering an early investment in SAGA and curious about its listing price? Let's delve into the numbers ๐.
Get Free USDT Here
Recent Binance Launchpool Performances
โข Recent projects on Binance's launch pool, like ETHena, EtherFi, and $AEVO, have seen remarkable success post-listing.
โข Take ETHena ($ENA) as an example: launched at a $430 million market cap, it swiftly doubled within minutes and quadrupled in 2 days, now trading at over $1 USD (3 times its initial listing price).
โข EtherFi ($ETHFI) launched at a $380 million market cap and doubled within 10 days.
SAGA Listing Price Prediction
โข I predict that upon listing, SAGA's market capitalization will range from $500 million to $700 million.
โข Considering an initial circulating supply of 90,000,000 (9% of the total supply), the estimated SAGA price would be approximately $5.5 USD to $7.7 USD (this is a calculated estimate; actual prices may vary).
Short-term Price Projection
โข With the recent market frenzy surrounding Binance Launchpool Projects, especially after ETH's successful listing, I anticipate SAGA's price doubling or more in a short span (reaching $10 to $14).
Investment Strategy
โข It's advisable to wait for an opportune entry point to purchase SAGA at a favorable price, considering Bitcoin's sideways movement pending macro news and limited significant shifts in altcoins.
Long-term Investment Potential
โข SAGA has diligently developed its product over 2 years, establishing numerous partnerships and a robust community.
โข This project holds considerable potential for long-term investment.
โค๏ธLIKE ๐ซFOLLOW ๐ณREQUOTE OR RESHARE
โจ๏ธ COMMENT
๐ซRemember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#USDT #SEC #Web3
See original
Very interesting ๐๐
LIVEZyCrypto
--
Rippleโs XRP Primed for Massive Price Shakeup As Expert Says โNon-Securityโ Status Could Be in Je...
The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) over the classification of XRP as a security is becoming increasingly complex.
Recent developments have seen two federal judges challenge Judge Torresโ previous classification of XRP as a non-security on exchanges and a security for institutional sales. This decision is now being questioned in lawsuits involving Coinbase and Terraform Labs.
Notably, the classification of XRP as a security revolves around the Howey Test, a legal yardstick employed to ascertain whether an asset qualifies as an investment contract and, consequently, a security under securities regulations. This test comprises four key criteria: the investment of money, anticipation of profits, a common enterprise, and reliance on the efforts of others.
In her ruling last July, Judge Torres used the Howey test to separate XRP sales into two groups, but this application is now being scrutinized. Charles Gasparino, a journalist at Fox Business News, recently criticized the application of the Howey test in the Ripple case, citing its โincoherence.โ
In a tweet on March 31, Gasparino stated that two federal judges, including Judge Rakoff, who is considered an authority in corporate-law judiciary, have questioned the arguments presented in Judge Torresโ Ripple ruling.ย Gasparino further noted that while it is uncertain if the ruling will be overturned and XRP will be declared an unregistered security, โthe signs are there that [Judge Torresโs] legal analysis is faultyโ.
Interestingly, just a day prior, the pundit reported that securities lawyers also believe a federal judgeโs ruling against Coinbase serves as a cautionary signal to XRP holders โthat judge Torresโs Ripple analysis is likely to be reversed by the federal courts.โ
Meanwhile, these legal challenges have affected the price of XRP, which has traded in a tight range for the past 690 days or so. However, XRP has shown bullish strength, forming higher lows and indicating potential accumulation at the current support area.
Moreover, according to Santiment data, whales holding between 10 million and 100 million XRP tokens added 190 million XRP to their holdings from March 27 to April 1. This group of whales tends to accumulate during price drops and sell at peak prices, suggesting they may be preparing for a potential price increase.
At press time, XRP was trading at $0.59, reflecting a 1.43% surge over the past 24 hours.
Recent developments have seen two federal judges challenge Judge Torresโ previous classification of XRP as a non-security on exchanges and a security for institutional sales. This decision is now being questioned in lawsuits involving Coinbase and Terraform Labs.
Notably, the classification of XRP as a security revolves around the Howey Test, a legal yardstick employed to ascertain whether an asset qualifies as an investment contract and, consequently, a security under securities regulations. This test comprises four key criteria: the investment of money, anticipation of profits, a common enterprise, and reliance on the efforts of others.
In her ruling last July, Judge Torres used the Howey test to separate XRP sales into two groups, but this application is now being scrutinized. Charles Gasparino, a journalist at Fox Business News, recently criticized the application of the Howey test in the Ripple case, citing its โincoherence.โ
In a tweet on March 31, Gasparino stated that two federal judges, including Judge Rakoff, who is considered an authority in corporate-law judiciary, have questioned the arguments presented in Judge Torresโ Ripple ruling.ย Gasparino further noted that while it is uncertain if the ruling will be overturned and XRP will be declared an unregistered security, โthe signs are there that [Judge Torresโs] legal analysis is faultyโ.
Interestingly, just a day prior, the pundit reported that securities lawyers also believe a federal judgeโs ruling against Coinbase serves as a cautionary signal to XRP holders โthat judge Torresโs Ripple analysis is likely to be reversed by the federal courts.โ
Meanwhile, these legal challenges have affected the price of XRP, which has traded in a tight range for the past 690 days or so. However, XRP has shown bullish strength, forming higher lows and indicating potential accumulation at the current support area.
Moreover, according to Santiment data, whales holding between 10 million and 100 million XRP tokens added 190 million XRP to their holdings from March 27 to April 1. This group of whales tends to accumulate during price drops and sell at peak prices, suggesting they may be preparing for a potential price increase.
At press time, XRP was trading at $0.59, reflecting a 1.43% surge over the past 24 hours.
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