Analysis of Solana's current position and Solana's growth prospects shows rapid price changes. Over the past week, the price of SOL fell by 19.98%, and over the month - by 31.65%. However, in annual terms the growth amounted to 452%. The current price range ranges from $168.70 to $184.6Z. The price movement is unstable, which indicates fluctuations between rise and fall in value. The price forecast for Solana is balanced between optimism and caution. On the one hand, there is potential for growth to the nearest resistance at $217.68, and then the levels of $283.61 can be reached, which is confirmed by the 10 and 100-day SMA lines, They are located at $138.48 and $141.35, respectively . On the other hand, support at $145.82 can be tested, and with further decline, the second support level at $129.89. RSI indicates the relative balance of buying and selling.
The Pepe memtoken is attracting the attention of investors due to the significant increase in its value over the past six months. Recent price fluctuations show that the coin is experiencing certain difficulties in maintaining the positions it has gained, while short-term changes in value remain variable. Investors are cautiously optimistic, paying attention to current market trends to understand Pepe's future prospects. In addition to the general dynamics of the market, Pepe's fundamental characteristics also contribute to the formation of investor opinions. Considering that Pepe is a relatively new participant in the cryptocurrency market, its potential and opportunities for further growth are analyzed with particular care. A coin's ability to hold the current interest of market participants will determine its long-term success in the future. Stagnation of Starknet against the backdrop of market instability Starknet is in a state of uncertainty. The latest price movement shows a slowdown from the previous uptrend. This creates a cautious mood among market participants as they study possible movements in the near future. Interest in the STRK token may be due to general attention to its technology and potential. The technological advantages of Starknet may motivate market participants to take active actions, which may help restore interest and, possibly, prices subject to growth ta .
#Bitcoin BTC Keith transferred $1 billion worth of Bitcoin to Binance
A major Bitcoin whale transferred 16,276 BTC, worth about $1 billion, to crypto exchange Binance.
This unexpected influx of bitcoins into one of the world's largest cryptocurrency exchanges sent shockwaves through the market and caused the price of BTC to fall by more than 4% in one day. This has also sparked speculation about possible implications for the Bitcoin market in the near future.
However, it turns out that $1 billion worth of BTC was transferred from the Binance Security User Fund (SAFU), according to Arkham Data.
Binance previously announced its plan to convert all $1 billion worth of User Security Fund assets into USDC, adding a new dimension to this unexpected turn of events.
Today the rate of the main cryptocurrency is about $64,000.
SOL Solana could correct significantly. From the $132 area, the altcoin could extend the 34% correction seen since the start of the month by another 24%, bringing the SOL down to $100.
Since this is a critical support level, Solana's price will likely find support here, which will help it prevent further losses.
An equally strong support level is at $120, and if SOL manages to bounce off it and begin a recovery, the bearish scenario will be refuted. In this case, Solana may continue its rally towards $150.
“The hype around meme coins is becoming more and more tempting for users and prompting them to look for new opportunities [to make money]. This may lead to risks of interaction with attackers,” Nathan emphasized.
Earlier, on-chain sleuth ZachXBT estimated that from March 12 to March 20, 33 pre-sales of tokens worth almost $140 million took place on Solana. In early April, the URF meme coin team disappeared with 2,400 SOL (~$450,000) collected during the coin's presale. The criminals pulled off the scheme in less than 24 hours after the launch of pre-sales.
At the time of writing, activity in the SOL token itself has slowed slightly after its rapid growth in late 2023 and early 2024. The asset is trading at $173, having fallen by 6.7% over the week. Its capitalization is $77.4 billion.
Half of the presales on Solana turned out to be scams Binance exchange 15-minute SOL/USDT chart. Data: TradingView. Let's remember that in April Solana faced the problem of network congestion. The reason for the failure was the growing volume of transactions, including spam transfers. Blockchain co-founder Anatoly Yakovenko promised to make corrections to the protocol.
SOLANA and SKAM About 50% of projects on the Solana network that used the token distribution model through pre-sales turned out to be fraudulent. CoinDesk reports this with reference to a Blockaid report.
Attackers used social engineering techniques on Telegram, X and Discord to trick users into interacting with malicious smart contracts or websites, experts noted.
“[Criminals] are focusing on both meme coins and existing projects. For example, just in the coming days, we have seen some of these [scammer] groups targeting some of the most popular protocols,” added Blockaid CEO Ben Nathan.
Conducting a pre-sale is quite simple: the coin issuer publishes the smart contract address and offers to send cryptocurrency to it. It is expected that once the fundraising is complete, senders will receive back an equivalent amount of the new token.
However, the combination of the ease of launching such campaigns and investors' fear of missing out has led to an increase in fraud, according to Blockaid.
Explain to me, who is not smart, why increased inflation in some country should have a negative impact on the crypto market. Even if it is the richest country in the world. I can’t understand anything, based on the logic of things it should be exactly the opposite. If the dollar depreciates, then Bitcoin should rise relative to it. The dollar price of goods in stores is increasing, and Bitcoin itself is also increasing in dollar value. By the way, it is recognized as a product. Simple math. Where the hell did it all fall from? 😵 Are stock market makers bad at math? Why this stupid news? How can one usually justify another market manipulation? By pulling an owl onto the globe in the form of inflation, once again arrange a drain?
The American entrepreneur and investor, author of the book “Rich Dad Poor Dad,” is convinced that the United States of America is already a bankrupt state. And he encourages his readers to buy Bitcoin. Robert Kiyosaki that stocks, bonds, and real estate in the US are now simply financial bubbles: “The US debt is increasing by $1 trillion every 90 days. Save yourself. Please buy more real gold, silver, bitcoins." The writer constantly encourages everyone who has the opportunity to buy bitcoins, calling American dollars counterfeit. According to the entrepreneur, the markets will soon collapse, because the US authorities are not able to conduct a sound financial policy, the growing public debt will destroy the country, and the world economy will face a severe crisis. Previously, the author of “Rich Dad Poor Dad” admitted that Bitcoin may turn out to be a fraudulent scheme, but in this case the first cryptocurrency will be no different from the US dollar or euro. However, the writer is sure that BTC is an ideal asset, and he personally regrets that he did not buy even more earlier
“Dogs have had their day,” write the PEPE developers, “it’s time for Pepe to take power into his own hands.” The creators of the token maintain their social networks anonymously, and there is no contact information on the coin’s website. The first press release mentioning PEPE was published on April 19 by David Costla. The same name is signed by another press release about the creation of another memcoin, DanGPT - “the daring twin of ChatGPT.” The developers ignore attempts by journalists to contact them through any available channels.
When Elon Musk tweeted a meme featuring an NFT from the Milady collection, the rate of the Milady Meme Coin (LADYS) token, created the day before, increased almost 120 times. The capitalization of the coin reached $136 million in less than 24 hours. Blockchain transaction researchers noticed that the owners of some Ethereum wallets, who earned hundreds of thousands of dollars from the growth of the PEPE rate, also bought LADYS in advance before the sharp jump in the price of the new meme token.
PEPE coin The emergence of a new cryptocurrency star In the ever-changing world of cryptocurrencies, a new contender has emerged in the meme coin niche, promising to lead the next bull market. Pepe Coin (PEPE), a frog-themed meme coin, is poised to exceed market expectations in 2024-2025, according to renowned trader Andrew Kang. The forecast comes amid a booming cryptocurrency market, with leading digital assets such as Bitcoin reaching new all-time highs and meme coins experiencing triple-digit month-on-month price gains.
Pepe Coin's potential for success stems from its strong investor loyalty and community that has survived various challenges, leaving behind only those with diamond hands. Kang's analysis indicates that PEPE's resilience through events of fear, uncertainty and doubt (FUD) makes it an extremely bullish investment option. The coin's recent performance, with its valuation reaching a new all-time high and market capitalization temporarily exceeding $4 billion, highlights its growing popularity and acceptance within the crypto community.
From my perspective, the rise of Pepe Coin highlights the dynamic and often unpredictable nature of the cryptocurrency market. While the meme coin niche is often met with skepticism due to its volatility and capricious nature of the asset, PEPE's success makes a compelling case for the segment's potential value.
However, it is important to approach such investments with caution. The memecoin market is known for its volatility, and while the strong PEPE community and its resilience through adversity is encouraging, potential investors should do careful research and consider the inherent risks.
In conclusion, the emergence of Pepe Coin as a potential leader of the next cryptocurrency bull market is an example of the constant evolution of the market and the unexpected opportunities it offers. Whether PEPE will maintain its momentum and achieve its predicted success remains a mystery, but its path so far is a testament to the unique and unpredictable nature of the cryptocurrency world. $PEPE BPAKCJJ8FF