A recent survey conducted by Coinshares has revealed burgeoning institutional interest in altcoins, with Solana’s SOL leading among emerging favourites.

The Digital Asset Fund Manager Survey, which polled 64 investors managing a combined $600 billion in assets under management, found that SOL has witnessed a remarkable surge in allocations from institutional investors.

Institutions Are Bullish On Solana

In an April 24 report based on Coinshares’s survey, the investment firm’s head of research, James Butterfill, emphasized the broadening exposure to altcoins among investors, positing:

“Investors have been broadening their exposure to altcoins, with Solana seeing a dramatic increase in allocations.”

Roughly 15% of participants said they had invested in SOL, a notable increase from CoinShares’ January survey, which showed no institutional investments in the market’s fifth-largest altcoin.

Moreover, Solana was ranked third in terms of having the “most compelling growth outlook”, with almost 15% of surveyed investors agreeing — a rise from 10% from the same survey back in January.

The Coinshares survey also pointed to Solana’s growing institutional acceptance, with approximately 14% of respondents voicing optimism about its growth trajectory, up from about 12% in the previous survey. “Investors are more optimistic for Solana,” the report said. This rising interest in SOL comes amid the crypto’s recent technological improvements and expanding market presence.

Meanwhile, Bitcoin still leads the pack, with over 25% of respondents having invested in the premier crypto, followed by Ethereum with just under 25%. BTC remains the preferred digital asset, with 41% of investors remaining bullish on its growth outlook— albeit a small decline from prior surveys. On the contrary, Ether has witnessed a drop in investor confidence as only 30% of respondents are optimistic about its future, down from 35%.

SOL Ready For Another Bull Rally?

Solana’s native token, SOL, is down today, falling approximately 3.2% to trade for $142.65. Multiple factors have negatively affected SOL’s price performance in recent days, including one of Solana developers’ revelation that the blockchain network’s outage issues have not been resolved.

The SOL price tends to track Bitcoin and the broader crypto trends. According to CoinGecko data, Bitcoin’s price now hovers at just under $63,900 per coin. That’s a drop of over 1.2% in 24 hours and a 13.2% dip from its March all-time high of nearly $74K. 

It’s uncertain how long this crypto market downturn will last. The SOL price bulls, however, might initiate more bullish momentum on the back of a meme coin frenzy, pushing the price higher to reach the $500 mark in the upcoming weeks.

Visa, a global leader in payment technology, has recently shone a spotlight on the growing prominence of Solana (SOL) in the stablecoin market.

According to Visa Stablecoin Dashboard, Solana has witnessed a surge in stablecoin transactions, particularly USDC (USD Coin), a stablecoin pegged to the U.S. dollar.

card

Solana surpasses other blockchains

Per the reports, Solana’s stablecoin transactions surpassed other blockchains like Tron, Binance Smart Chain (BSC) and others.

The blockchain’s total stablecoin transactions exceed 69 million over the past 30 days. Compared to its closest rival, Binance Smart Chain saw a total of 47.2 million transactions. Ethereum fared even more poorly as the stablecoin transactions came in at only 2.3 million for the past 30 days.

new @visa dashboard shows that @solana has significantly more stablecoin transactions than any other blockchain pic.twitter.com/swCM8C2DGy

— Mike Dudas (@mdudas) April 26, 2024

It appears that larger investors are currently favoring Solana's network, as the choice of protocol boils down to the specific needs and strategies of stablecoin users.

Looking at the future of Solana, a continued rise will depend on the market sentiment post-halving, project developments and the capacity of buyers to drive and sustain higher prices.

Solana congestion challenges get major fix

Just recently, Solana announced the release of a major congestion fix on its mainnet. According to the platform, a new version upgrade dubbed v1.17.31 has been released and is available for MainnetBeta validators.

Solana has confirmed that the new upgrade will address its congestion issues directly. Before this release, many developers and validator clients had released major updates on the testnet as a concerted effort was invested in helping address network woes across the board.

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With this fix, many halted projects have expressed plans to proceed with launching, with plans to go live as network stability is now guaranteed.

Notably, the new release of the Solana congestion fix sent the price of SOL up by 9.24% to $154.43 over the past week. While this growth trails a broader market recovery, the return of normalcy and the trust that the resolution of congestion woes will bring should help in boosting the growth of the coin in the long term.

In the volatile crypto market, investors must look carefully to find investments to make substantial profits. In 2024, Solana (SOL), Pepe (PEPE), and PawFury (PAW) appear as the most promising coins to transform a $1,000 investment into a significant $50,000. 

Investors are on the hunt for the next big profit potential. Like many others, if you are trying to turn a $1,000 investment into a possible $50,000, $SOL , $PEPE , and $PAW are worth considering.  

Solana (SOL): High-Speed Blockchain Powerhouse

Finding the next crypto unicorn is a trying task for a reason. In the highly volatile and competitive crypto market, projects must fight it out to grab their share of investor attention. If you, too, are searching for the next profit-making machine, look no further than Solana, Pepe, and PawFury. These three projects are making waves in the market for their innovative feature and rapid adoption. 

Solana (SOL) exceeded all expectations in 2024 and has proven to be a powerhouse. Recognized for breakneck transaction speeds and scalability, Solana’s Proof-of-History consensus mechanism processes 65,000 transactions per second, providing a highly efficient platform for developers. Solana’s heavy investor backing and technical prowess positions this project for significant growth. 

Pepe (PEPE): The Meme-Sensation Taking Crypto by a Storm

$PEPE climbed the crypto ladders, topping the memecoin culture. The memecoin recently saw an incredible 7-day 370% increase, surging 735% over the last month. $PEPE 's explosive growth catapulted this coin into the spotlight and grabbed investor attention for its possible investment return and increased adoption rate. 

PawFury (PAW) Power: Attractive Potential ROIs and $99,999 Giveaways

PawFury quickly made its mark in the blockchain community following an incredibly successful presale. Raising $1.8 million for its early presale for its native utility token $PAW, the price currently sits at $0.00620, with expert analysis predicting $0.0200 when the coin hits public markets. The potential ROI of 345% makes $PAW an attractive investment opportunity. PawFury offers a 10% buying bonus to celebrate its success, making this a prime candidate for those looking to maximize their investment. 

In addition to its buying bonus, PawFury is offering a $99,999 giveaway to attract new participants and engage community interest.

Growing Community Fosters Investment Opportunity

PawFury is intensely dedicated to community engagement, and its strategic marketing efforts are designed to establish a robust and supportive investment space. The project encourages participation by offering attractive rewards to create a loyal community vital to its long-term success.

Visit the following links for more information on PawFury:

Website: PawFury Official Website

Whitepaper: PawFury Whitepaper

Twitter: PawFury Twitter

Telegram: Join PawFury

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

Shardeum achieves unmatched scalability through dynamic state sharding while preserving decentralization.

Avalanche prioritizes flexibility and accessibility, offering a blend of speed, security, and affordability.

Kadena’s Chainweb architecture combines scalability and security, handling high transaction volumes with ease.

In the fast-evolving landscape of blockchain technology, Solana stands as a beacon of speed and efficiency. However, the realm of decentralized finance (DeFi) and blockchain innovation is vast, with several contenders vying for the spotlight. Here, we delve into the top five Solana blockchain alternatives that promise to redefine decentralization and reshape the future of finance.

Shardeum

Leveraging dynamic state sharding, Shardeum achieves unparalleled scalability without compromising decentralization. Its innovative architecture ensures atomic composability across shards, setting it apart as a frontrunner in the race for efficiency and security.

Avalanche

Introduced with a vision of excelling in speed, flexibility, and affordability, Avalanche has rapidly gained prominence since its inception. With AVAX at its core, Avalanche prioritizes accessibility while maintaining robust security measures, offering a comprehensive solution for blockchain enthusiasts.

Kadena

Founded by industry veterans involved in pioneering blockchain solutions, Kadena brings forth a novel approach to scalability and security. Its Chainweb architecture, coupled with a unique Proof of Work (PoW) consensus, enables seamless handling of high transaction volumes, heralding a new era of blockchain innovation.

Near Protocol

Positioned as a developer-friendly blockchain network, Near Protocol boasts superior speed and cost efficiency compared to its counterparts. With a projected capacity of up to 100,000 transactions per second, Near Protocol emerges as a formidable competitor, poised to redefine transaction processing standards.

Injective Protocol

Operating at the forefront of interoperability, Injective Protocol bridges the gap between diverse blockchain networks. Through its decentralized ERC-20 token bridge and robust smart contract platform, Injective Protocol empowers DeFi participants with seamless access to a myriad of functionalities.

As the blockchain landscape continues to evolve, these five alternatives to Solana represent not just competitors but catalysts for innovation. With each platform offering unique strengths and capabilities, the future of decentralized finance is destined to be shaped by a diverse array of blockchain solutions.

 While Solana remains a formidable player in the field, the emergence of challengers like Shardeum, Avalanche, Kadena, Near Protocol, and Injective Protocol underscores the dynamic nature of blockchain technology. With each platform pushing the boundaries of scalability, security, and accessibility, the future holds immense promise for decentralized finance and blockchain innovation alike.

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The post Top 5 Solana Blockchain Alternatives Worth Considering appeared first on Crypto News Land.

The Solana price has dropped 1.4% in the last 24 hours to trade at $142 as of 7:35 a.m. EST on a 21% drop in trading volume to $3.6 billion.

Despite the drop, CoinShares says a survey shows that SOL is seeing a ”dramatic increase in allocations” from institutional investors, including hedge funds and wealth managers.

“Investors are more optimistic for Solana,” said head of research James Butterfill in an Apr. 24 report.

According to a report from CoinShares, Institutional investors appear to be “broadening their exposure to altcoins” including Solana, which has seen a “dramatic increase in allocations” from wealth managers and hedge funds.

— LondonCryptoClub (@LDNCryptoClub) April 26, 2024

About 15% of investors said they invested in SOL, a big jump from none in the January survey. SOL was also ranked third in terms of the “most compelling growth outlook,” behind Bitcoin and Ethereum, the survey found.

The findings were based on a survey of 64 investors, with a collective $600 billion in assets under management.

The Solana Price Outlook

The Solana price showed a period of stability, trading within the range of $126 to $133 for a short while. Following this, there was a 20% surge as the bulls took charge, driving the momentum to the $160 resistance level.

SOLUSD Chart Analysis. Source: Tradingview.com

The bears gained control, pushing the price down and forcing the bulls to retreat to around $142.. If this trend persists, SOL’s price could drop further to the $133 support zone.

Additionally, the price has fallen below the 50-day Simple Moving Average (SMA) after climbing close to the 200 SMA before the bears intervened. However, if overall bullish sentiment picks up, the bulls might push the price above both the 50 and 200 SMA, indicating the potential for a bullish rally.

The Relative Strength Index (RSI) also shows signs of bouncing back around the 40 mark, just below the midline level 50. If momentum picks up, RSI could enter the overbought zone.

The Solana Price Bulls Ready For Another Bull Rally

Despite a drop from its record high of $160 and trading below the 50 SMA, the Solana price indicates an overall upward trend. The SOL price bulls might initiate more  bullish momentum, driving the price higher to reach a high of $205 in the upcoming weeks.

However, if bears maintain control below the 50 SMA, the price bulls might retreat towards the $126 support level.

SMOG: Is This The Next 100X Meme Coin?

As traders eye SOL for potential buying opportunities, some say there’s much greater upside potential in Smog (SMOG). YouTube channel 99Bitcoins, with more than 700k subscribers, says the token still has 100x upside potential.

Smog is perhaps best known for its promise to deliver an airdrop that’s “the greatest in history.”  Season 1 wrapped up on April 3 after $1 million in giveaways, and season 2 is now well underway.

It’s rewarding on-chain and trading activity in this latest season, adding another incentive for traders and investors to get involved with SMOG.

$SMOG 🐉 | The greatest #Solana #Airdrop of all time! 🔥

Buy, hold, and complete quests on #Zealy to qualify in the airdrop and climb the leaderboard! 🥇

🌐 20K+ Participants on Zealy
👥 96.71K+ Holders
💰 $145.04M+ MC
✅ 1.9M Quests Completed

🪂 Airdrop link in bio!🔗 pic.twitter.com/ztTNkdkv6V

— Smog_Token (@Smog__Token) March 13, 2024

$SMOG holders have the option to stake their tokens on the Ethereum network for a 42% annual return. With Smog’s developer also hinting at an additional top-tier exchange listing soon, now could be a great time to buy.

Buy SMOG using ETH, USDT, or a bank card on the official website here, and grab the 10% discount while it lasts.

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Solana's decline may continue and a possible bounce may not take it to its this year's high.

Investment giant Pantera Capital continues to buy Solana (SOL) tokens at the bankruptcy auction of the FTX cryptocurrency exchange

Solana Sale at FTX Auction

The Solana token sale is part of the liquidation process launched following the collapse of FTX in 2022. Around 2,000 SOLs were reportedly sold this week . Moreover, one of Bloomberg’s interlocutors noted that some of these tokens were purchased by Pantera. 

In early April, FTX liquidators sold SOL at a 60 percent discount – $64 per SOL . The total amount of the deal was about $1.8 billion, and companies such as Galaxy Digital and Pantera took part in it. However, about 40 million SOL tokens that the crypto exchange is selling are blocked for four years. They are currently not available for trading on the market, however, they can be put into circulation gradually. 

In the last transaction, the price of SOL was higher than in early April, the publication’s source emphasized. He also added that new auctions for the sale of Solana tokens are expected in the near future. 

What about the price of SOL?

According to coinmarketcap, at the time of writing, Solana is trading at $134. Over the past 24 hours, the value of the asset has decreased slightly – by about 5%. 

tradingview

Over the past month, SOL has lost 26% in price. One of the main reasons for the negative dynamics of the cryptocurrency was technical problems in the Solana network. Nowadays, the blockchain often encounters operational failures. For the most part, all this is a consequence of the hype around memecoins. At the end of May, the developers promise to release an update that is designed to solve the problem of network congestion.

Major update

The network of one of the largest cryptocurrencies, Solana (SOL), is preparing for a large-scale update. The upgrade will be launched on the mainnet beta on May 27. The upcoming v1.18 update is designed to significantly strengthen the Solana infrastructure. In particular, it should solve the problems of blockchain congestion, which often lead to operational failures.

The blockchain development team is actively working on updates that can improve Solana’s performance. In particular, on April 10, a representative of the validator Shinobi Systems under the nickname Zantetsu proposed an improvement that would speed up transaction processing. The initiative was supported by 98% of validators.

The post Pantera Capital buys Solana (SOL) at FTX Bankruptcy Auction first appeared on The VR Soldier.

The crypto market has entered a correction phase after the recent Bitcoin Halving. Many altcoins are dropping to crucial levels. However, analysts are marking this time as the final accumulation phase before a parabolic uptrend. This expected surge will lead the Bitcoin Price to $150,000 in the next few weeks.

#BTC3 Phases of The Bitcoin Halving1. Final Pre-Halving RetraceThe Pre-Halving Retrace has already occurred and is in the booksHowever in this cycle Bitcoin produced two Pre-Halving Retraces: -18% in March and another -18% pullback this AprilIn previous cycles, this… pic.twitter.com/Bf2Nn0Qwa3

— Rekt Capital (@rektcapital) April 24, 2024

While many altcoins are offering low entry points for massive gains, Solana (SOL), DTX Exchange (DTX), and Dogecoin (DOGE) price trajectories and on-chain developments are leading analysts to believe in the explosive potential of these. 

Solana (SOL) expected to retest $200 post-halving

Solana (SOL) is setting the stage to dominate the crypto market and blockchain industry after it rolled out its v1.17.31 update in mid-April. The update is expected to play a crucial role in the post-halving SOL price surge as meme coins on the Solana network are again getting momentum with millions raised in presale

According to data by CoinMarketCap, the SOL token is currently struggling below $150, declining over 7% in the last 24 hours. Technical indicators suggest a bullish traversal following further price pullback, indicating an opportunity for investors to fill the bags with SOL tokens. 

SOL’s chart shows potential signs of surging past $200 if bulls take over the selling pressures. SOL’s relative strength index (RSI) is poised for ascent towards 70. Additionally, the token’s resistance and support levels are rising and converging at higher levels, indicating bullish momentum in the upcoming days.

Rekt Capital voices optimism for DOGE price trajectory

In recent months, Dogecoin (DOGE) price has witnessed a leading trajectory among meme coins. As the bull run approaches, whales load DOGE tokens for potential gains. On-chain reports show a withdrawal of 324 million DOGE tokens, valued at $49.9 million in the past few days, highlighting the increasing traction of the memecoin.  

Supported by leading industry figures, DOGE price is expected to skyrocket. The meme coin is currently down by 7% on the intraday chart, trading at $0.15. Rekt Capital has voiced optimism for the DOGE price trajectory, mentioning the brighter prospects of the meme coin in the upcoming days. 

Presenting it as the most cyclical altcoin in the crypto space, analysts believe that DOGE’s price will repeat its remarkable performance. DOGE price trajectory shows a bullish momentum in the long term, with expectations to surge past $0.25 in this cycle.  

DTX Exchange poised for 10x gains after $350k raised in presale

DTX Exchange (DTX) stands out as the top presale project in 2024, with projections to become a leading figure in the DeFi space. The 1000x leverage platform of DTX offers unprecedented growth opportunities for traders with unmatched trading features and financial options.  

Traders can utilize liquidity pools to optimize their assets with reduced slippage. Traders have access to 120k assets in diverse markets including stocks, equities, cryptos, and forex. The project commits to individual ownership and accessible trading through its no-KYC approach and non-custodial wallets to eliminate intermediaries and reduce the risk of security breaches. 

With its global utility and diverse range of solutions, DTX has successfully raised $350k in stage 1 of its presale, showing no signs of slowing down. With over 80% of DTX tokens sold, the pricing is $0.02, which will surge to $0.075 in the next presale stage. Investors are rushing to enter the project at this low entry point, as analysts anticipate a price surge to $1 in this bull market. 

Learn more: 

Visit DTX Presale

Read Whitepaper

Join The DTX Community

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Final Correction Before BTC Skyrockets? Analyst Recommends Adding DTX, DOGE, and SOL for 10X Gains This Bull Run  appeared first on CaptainAltcoin.

A popular cryptocurrency trader has issued a bearish outlook for Solana (SOL), suggesting the digital asset could dive by as much as 40% if a critical resistance barrier continues to hold. The trader, known as KaKazazy on TradingView, provided a detailed trading strategy for the SOL/USDT pair, highlighting key support levels to watch on the potential downside.

According to KaKazazy, SOL continues to exhibit weakness, and a failure to break above the $160 resistance level could trigger another price decline while the cryptocurrency remains below two exponential moving averages (EMAs) – a technical indicator used to identify trends and potential reversal points.

“If SOL fails to break above the $160 resistance level, another price decline could be on the horizon while it remains below the two EMA lines,” KaKazazy explained.

In the event of a downward move, the initial support is around the $145 mark and the trendline. However, the first major support level is near $132, and a breach below this could see SOL testing the $120 level.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

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The trader further warned that if SOL closes below the $120 support, it could potentially pave the way for a drop towards the $100 support level in the future, representing a decline of approximately 40% from the current levels.

It’s worth noting that EMAs are calculated by taking the average of a certain number of data points and giving more weight to the most recent data. They are commonly used by traders and analysts to smooth out price fluctuations and identify trends more clearly. KaKazazy’s analysis underscores the importance of key resistance and support levels in technical analysis, which can serve as potential turning points for an asset’s price movements.

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Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters

The post Solana (SOL) Faces Potential 40% Plunge as Resistance Holds Firm, Here Are the Key Levels to Watch as It Dips appeared first on CaptainAltcoin.

The post Solana Price Fails To Break Out Its Bearish Influence! What’s Next? appeared first on Coinpedia Fintech News

The SOL price has displayed a strong bearish trend since the month started, resulting in this altcoin recording a correction of approximately 30% in valuation. Moreover, the rising bearish trends have created a Fear, Uncertainty, and Doubt (FUD) like situation among its investors.

The Solana price continues its struggle to break out of its key resistance level at $156.25, indicating a strong liquidation point for the altcoin on that level. Moreover, it has formed a negative pattern in the 1D time frame, suggesting a negative price action for the altcoin in the coming time.

TradingView: SOL/USDT

Furthermore, the price has displayed a correction of 0.25% within the past seven days and 26.52% over the past 30 days. The EMA 50-day acts as a resistance to the price chart, highlighting a strong bearish influence for the SOL token in the cryptocurrency space.

The Relative Strength Index (RSI) shows a constant decline, indicating an increase in the selling pressure within the crypto space. Moreover, the averages display a high possibility of a bearish convergence, suggesting a negative price action for the altcoin in the coming time.

Will Solana Price Reclaim $200?

If the bulls regain momentum, the SOL price will test its resistance level of $156.25 by the coming week. Maintaining the price at that level will set the stage for the Solana token to attempt to test its upper resistance level of $180 in the coming time.

However, if the bears hold power over the bulls, the SOL price will fall to test its support level of $127. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $100 in the coming time.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solana (SOL) integrated CCTP, enhancing blockchain interoperability. The SOL price surged by 24% and is expected to reach $190 by June 2024.

The Fetch.ai (FET) community backs the ASI alliance, which aims to unify tokens for a centralized AI platform. The FET price increased by 41% and is expected to rise further.

The Milei Moneda (MEDA) presale raises millions at $0.0125, targeting 60% growth by the May 21 launch. 

While the crypto market prepares for the next bull run, Solana (SOL), Fetch.ai (FET), and Milei Moneda (MEDA) emerge as key players in DeFi, AI, and meme coins. Each of these top crypto coins offers unique opportunities for investors to capitalize on innovation and potential gains.

You might also like: Arbitrum and Cardano show decline while investors look to Milei Moneda

Solana’s CCTP Integration: fostering interoperability and innovation

In March 2024, Solana integrated Circle’s Cross-Chain Transfer Protocol (CCTP), significantly enhancing interoperability within the blockchain space. This integration allows developers within the Solana ecosystem to swap USDC tokens seamlessly with Ethereum and other prominent blockchains. By embracing CCTP, Solana reaffirms its dedication to fostering a more interconnected DeFi landscape, reinforcing its position as one of the top DeFi projects. 

This development led Solana to move up on the charts over the past few weeks. Moreover, this development could further pump the SOL price to the $190.00 region by June 2024.  

Moreover, this strategic integration positions Solana as a key player in the ongoing efforts to improve cross-chain interoperability and amplify the utility of digital assets. It also underscores the crucial role of collaboration in propelling innovation and adoption within the cryptocurrency industry amidst its continuous evolution. 

Fetch.ai’s community backs ASI Alliance proposal with AGIX and OCEAN

The Fetch.ai community has overwhelmingly supported the proposal to join the Artificial Superintelligence Alliance (ASI), with over 99% of members endorsing the initiative. 

This marks the most significant governance effort on the Fetch network, garnering a remarkable 99.8% approval rate. Spearheaded by SingularityNET, Fetch.ai, and Ocean Protocol, the ASI aims to unify AGIX, FET, and OCEAN tokens into a single ASI token to establish a centralized AI platform amid growing industry competition. 

Meanwhile, the voting process, spanning multiple blockchain networks, saw active participation from each community. Fetch.ai’s involvement underscores its commitment to advancing AI and blockchain technology.

As the alliance progresses, Fetch.ai is positioned to lead innovation in the evolving AI landscape, leveraging collective expertise and resources to drive transformative change. 

This development has seen FET exhibit an upward trajectory on the charts in April 2024. Experts are optimistic that a continuous surge will take the price of Fetch.ai to the $3.00 region, proving to be a good crypto to buy. 

You might also like: SOL, BNB holders eye price rebound while Milei Moneda presale shines

Milei Moneda presale raises millions

Milei Moneda has captivated investors, raising millions in its presale phase at $0.0125, with a potential 60% ROI upon its May 21 Uniswap launch price target of $0.020. 

This potential top ten cryptocurrency combines deflationary tokenomics, community engagement, and meme culture, distinguishing itself in the crypto sphere. Inspired by Argentine President Javier Milei, it embodies defiance, economics, and humour, making it a unique investment proposition. Moreover, with a total supply of 500,000,000 MEDA tokens, MEDA aims for broad community participation and transparency. 

As it gains traction, Milei Moneda presents an enticing opportunity for both seasoned investors and newcomers seeking significant returns as the best crypto investment. Whether it’s about economic freedom or decentralized finance, Milei Moneda stands out as the best crypto to invest in 2024. 

Conclusion 

As the cryptocurrency market continues to evolve, Solana, Fetch.ai, and Milei Moneda stand out as promising assets, demonstrating strong growth trajectories and innovative approaches. Therefore, investors seeking diverse opportunities in DeFi, AI, and meme coins should consider these projects for potential gains in the ever-changing crypto landscape.

To learn more about this project, visit the Milei Moneda presale website or join the community.

You might also like: SOL, ETH surge while Milei Moneda presale continues to attract investors

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

The market is buzzing as certain cryptocurrencies stand on the precipice of a major leap. With Solana and XRP already capturing attention, a selection of lesser-known coins shows the potential for significant growth in the current bull run. Investors are searching for the next big mover that could follow in the footsteps of these giants. This article examines the up-and-coming players poised to make a substantial impact in the market, offering insights for those looking to broaden their portfolios.

BlastUP Token Projected to Soar 1000% By Year’s End

BlastUP has been getting a lot of attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 12,000 active users. 

The ongoing presale of BlastUP is a huge success, with over $5 million raised so far. The BlastUP token is considered by crypto experts as a hidden crypto gem that can skyrocket 1000% by the end of this year. 

>> Buy BlastUP Tokens Now for Maximum Returns! <<

BlastUP helps crypto startups grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.

BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities.

 The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

>> Join BlastUP Now or This Rocket Will Take Off Without You! <<

Aptos Faces Market Uncertainty Amidst Volatile Movements

Aptos Price Change:

1 Week Price Change: -5.96%;

1 Month Price Change: -50.64%;

6 Months Price Change: 30.37%.

The Aptos token is currently seeing a mix of ups and downs, with its price fluctuating within a certain range recently. The market shows signs of struggle as it attempts to find a solid footing. Investors appear cautious, reflected by the moderate momentum and the token’s value experiencing swings in both directions over the past weeks and months.

Sentiment towards Aptos seems to be wavering as the cryptocurrency landscape remains challenging. Given this coin’s young presence in the market, its ability to gain a strong position is still under scrutiny. Investors are keeping a close eye on its performance, especially since it has recently undergone substantial price changes that highlight the unpredictable nature of the digital asset market.

Polygon Crypto Price Movement and Analysis

Polygon Price Change:

1 Week Price Change: 5.33%;

1 Month Price Change: -32.03%;

6 Months Price Change: 14.68%.

MATIC presents a mixed performance, with a current price range between $0.64 and $0.77. In the last week, MATIC’s value rose by 6.22%, showing a rebound, but the monthly view tells a different story with a sharp drop of 31.45%. The coin’s movement over the past 6 months paints a positive picture overall, showing a 15.65% gain. The latest trends suggest a more corrective move, with key indicators like the RSI close to 47.64, signaling neither overbought nor oversold conditions.

MATIC’s future price path could swing either way, with potential growth indicated by the recent weekly momentum versus the bearish sentiment shown by the monthly downturn. Breaking past $0.83 might open the door towards the second resistance level at $0.96, but falling below the support level of $0.56 could see it test $0.43. Blending cautious optimism with a realist’s view, MATIC investors should be prepared for both scenarios, knowing market dynamics could prompt significant shifts.

Starknet Displays Mixed Signals Amidst Market Uncertainty

Starknet Price Change:

1 Week Price Change: -6.40%;

1 Month Price Change: -49.51%;

6 Months Price Change: 478.74%.

Starknet’s current market performance shows a bit of a tug-of-war between buyers and sellers, hinting at some indecision in the market. Recent trends suggest a cooling off after a period of significant excitement, possibly related to broader crypto marketplace dynamics. The trading activity around Starknet is not leaning heavily in any clear direction, as the appetite for risk seems to be balanced with caution.

In considering the Starknet’s fundamentals, its technology caters to a growing interest in scalability and privacy for blockchain applications. Starknet’s role in providing solutions for Ethereum’s network congestion could have a positive impact on its valuation, as adoption grows and technological developments unfold. The future sentiment for Starknet will likely be tied to its practical utility and adoption within the blockchain ecosystem.

Conclusion

Cryptocurrency investors seeking growth are looking at a variety of coins beyond the established names of Solana and XRP. While APT, MATIC, and STRK are part of the discussion, they might not offer the best short-term gains. Instead, significant potential lies with a new player, BlastUP. Anchored in the growing Blast ecosystem, this project’s innovative concept stands out for its promise of strong performance. BlastUP’s compelling appeal could make it the number one choice in the latest bull run, catching the attention of those aiming to capitalize on emerging cryptocurrency opportunities.

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Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Solana (SOL) has dipped by about 3.85% today, landing at $142 as of April 26. This decline marks a continuation of a correction that began yesterday, with SOL previously peaking at around $160. Since then, its value has decreased by more than 11%.

This downturn is a culmination of several factors including unresolved technical issues within Solana’s network and bleak economic data from the U.S.

Network Congestion and Developer Challenges

Mert Mumtaz, CEO of Helius, a Solana-based development platform, recently addressed claims regarding the resolution of Solana’s network congestion issues. Contrary to a post by data analytics firm SolanaFloor on X, which suggested that the network’s problems were fully solved due to shorter transaction confirmation times, Mumtaz asserted that the operational challenges persist.

This is falseWe've made some improvements, but by no means are we fully back to normal, and nothing has been completely resolved bunch of work left to do https://t.co/ofwC8gojzU

— mert | helius.dev (@0xMert_) April 24, 2024

His statement came right as SOL hit its local high, and the token’s price fell roughly 11% following his tweet, highlighting the impact of network stability on Solana’s market performance. Historically, Solana has been susceptible to price drops linked to its network issues, with one incident leading to a nearly 14% fall after a network outage.

Economic Headwinds and Market Sentiment

The broader economic environment is also playing a significant role in SOL’s current performance. The U.S. economy showed a sluggish growth of 1.6% in GDP for the first quarter of 2024, which was below expectations.

Meanwhile, core inflation has risen from 2% to 3.7% annually, diminishing the likelihood of near-term interest rate cuts. This economic scenario has led swap traders to scale back their expectations for Federal Reserve rate cuts in 2024 to about 33 basis points, a drastic reduction from the previously anticipated six quarter-point cuts.

Over the past month, SOL has faced a significant downturn, with its price dropping over 23%, as per CoinMarketCap. The price further slid to $148 in the past 24 hours, yet it has maintained some resilience over the past seven days.

This trend reflects a broader market downturn that has affected various digital assets since the recent Halving event on April 19th. Despite this, there remains a cautious optimism among investors that the current short-term market reactions do not necessarily predict long-term declines.

Solana’s price has recently fallen below the crucial $150 mark, yet many are hopeful for a rebound. This optimism persists despite the fact that during its last bull run, SOL failed to breach the 31.80% Fibonacci level at $165, indicating a possible further drop to lows around $100. However, there’s still potential for recovery fueled by increasing demand for SOL and a possible shift in market sentiment.

The belief in a potential mid-term surge following the Bitcoin halving suggests a broader market recovery could be on the horizon, benefiting SOL significantly. With this potential uptrend, some anticipate SOL could reach as high as $200 and the 61.80% Fibonacci level, possibly by the end of the month. Looking ahead to May, the market could see a general reversal, boosting SOL along with other cryptocurrencies.

Coinspeaker Institutional Investors Flock to Solana (SOL) Ahead of Anticipated Bull Run

Solana (SOL) is gaining traction among institutional investors looking to diversify their portfolios beyond Bitcoin (BTC) in anticipation of the upcoming bull run that is expected to accompany the Bitcoin halving event.

A recent survey led by James Butterfill, CoinShares head of research, indicates a significant rise in SOL allocations from wealth managers and hedge funds compared to other altcoins in recent months.

15% of Institutional Investors Invested in Solana (SOL)

The survey, which included 64 investors overseeing a total of $600 billion in assets under management (AUM), revealed a notable change in sentiment towards SOL.

According to CoinShares report, almost 15% of respondents have recently invested in SOL, a significant increase from the previous survey conducted in January, where none had exposure to the altcoin.

This surge in interest can be attributed to Solana’s unique value proposition and its potential to offer attractive returns to investors. The network’s appeal lies in its scalability, low transaction fees, and fast transaction speeds, making it an attractive option for institutional investors seeking efficient blockchain solutions.

Despite the growing interest in SOL, BTC remains the dominant force in the market. The report indicates that investor sentiment towards Bitcoin remains positive, with 41% of respondents recognizing its significant growth potential.

In comparison, Solana garnered less enthusiasm, with only 15% of respondents expressing optimism about its growth potential. However, this figure represents a notable increase from the January survey, where just over 10% of respondents viewed Solana favorably.

XRP Sees Decreased Institutional Interest

In terms of positive sentiment, Ethereum (Ether) ranked second after BTC, with 30% of respondents expressing confidence in its growth potential. However, the survey found that investor interest in Ether has significantly declined since the beginning of the year, with its score dropping from 35%.

The report also highlighted a decline in interest in altcoins like Ripple’s XRP. Unlike the January survey, which showed that a significant percentage of institutional investors held XRP, none of the 64 investors polled in the new survey currently own XRP.

Despite this decrease in direct holdings, investment products related to XRP saw significant allocations, with minor inflows of $1.3 million to XRP products for the week ending April 19.

The survey also revealed a significant change in investors’ asset allocations, with the percentage of digital assets in their portfolios increasing to 3% from 1.3% in January. CoinShares described this as the highest weighting since the survey began in 2021.

The report also attributed the rise to institutional investors’ increased ability to access Bitcoin through the US ETFs launched in January. Despite this increase in crypto allocation, equities (stocks) remained the most heavily weighted asset class, comprising over 55% of investors’ portfolios.

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Institutional Investors Flock to Solana (SOL) Ahead of Anticipated Bull Run

According to BlockBeats, on April 26, paulo.sol made a significant profit of $22.83 million by trading Meme coins on Solana. The profits were realized from various platforms. On WIF, paulo.sol made a profit of $9.51 million. On BODEN, the profit was $7.04 million, and on BONK, the profit was $6.28 million.

Solana is a high-performance blockchain platform that supports developers and businesses to create crypto apps that scale. Meme coins are a type of cryptocurrency that started as a joke but have gained popularity and value due to their community-driven nature. The significant profit made by paulo.sol demonstrates the potential profitability of trading Meme coins on platforms like Solana.

However, it's important to note that while the profits can be high, the risks associated with trading cryptocurrencies, including Meme coins, are also significant. Investors should always conduct thorough research and consider their risk tolerance before engaging in cryptocurrency trading.

Bitcoin’s new exchange-traded fund (ETF) has debuted in Hong Kong, marking a significant moment for cryptocurrency investors. This move is anticipated to have a ripple effect, propelling various alternative cryptocurrencies to potentially experience substantial increases in value. This article examines several promising contenders that might see a sharp uptick following this event, considering the bullish market tendencies of 2024. Discover which altcoins are poised for a potential surge and why they are worth watching in the current market.

BlastUP Presale Ends in Few Weeks, Last Chance to Buy Cheap

BlastUP presale has sparked avid interest among crypto enthusiasts, reaching $5 million in record low time. Over 12,000 savvy investors have already bought BlastUP tokens before their value skyrockets.

The presale runs until the end of May, so there is some time to boost your crypto holdings with BlastUP, the asset poised for explosive returns of up to 1000%. Currently sold at a few US cents, BlastUP tokens are projected to reach $10 by the end of this year.

Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

>> Time is Ticking –  Buy $BLP Before May Ends! <<

Bitcoin Market Shows Mixed Signals Amid Volatility

Bitcoin has been experiencing a period of swings between highs and lows recently, with the price moving within a certain range. Some observers might note that it’s positioned closer to the higher end of this spectrum. The market sentiment appears cautious but optimistic, as the coin is not too far off from key levels that could indicate stronger momentum if surpassed.

Considering Bitcoin’s basic nature as a leader in the cryptocurrency space, its behavior often influences the broader market. The current sentiment reflects a balanced mix of caution and optimism, suggesting potential for growth, but also acknowledging the possibility of a downturn. Investors might want to keep an eye on Bitcoin as it continues to navigate through these uncertain times.

Ethereum Price Analysis: A Look at ETH’s Current Market Position

Ethereum’s price has been fluctuating between $2,920 and $3,327.68. This week it’s up by 2.44%, but it has dropped by 12.50% in the past month. Over the past 6 months, ETH has risen by 76.77%. The moves lately seem more corrective, as prices have retreated from higher levels without a clear upward or downward trend forming.

Looking ahead, Ethereum may see some resistance at $3,506.41, with further hurdles around $3,914.08. Support might hold at $2,691.07, or, should it fail, at $2,283.40. While the recent numbers show a lackluster short-term trend, the gains over six months provide a more optimistic outlook. It’s a mixed bag, with cautious optimism tempered by the potential for further corrections.

Solana Price Moves and Current State

The current price range for Solana (SOL) is between $131.62 and $161.13. In the last week, SOL’s price changed by 1.15%, and over the past month, it went down by 24.54%. However, looking back six months, the coin has jumped a huge 354.32%. Currently, Solana’s price seems to be in a corrective phase as it is below the 10-day and 100-day average prices.

Looking ahead, SOL’s nearest resistance is at $173.40, and it might hit $202.92 if the momentum keeps up. The closest support lies at $114.36, with a further drop possibly finding a floor at $84.84. Taking into account the mixed signals from the RSI and MACD, and assuming the coin follows market trends, SOL could see fluctuations but possibly some recovery, as the long-term growth remains strong. Remember that predictions cannot guarantee future prices, and staying informed on market trends is vital.

Conclusion

While the launch of a BTC ETF in Hong Kong has put some spotlight on leading coins like BTC, ETH, and SOL, their short-term growth potential remains comparatively modest. The main focus for growth potential lies with a lesser-known, yet promising project: BlastUP. Thanks to a strong concept and integration with the wider Blast ecosystem, BlastUP stands out as the coin with the highest potential amidst the current market conditions. Its position within a growing network offers it a unique edge that could see its value soar in the near future.

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Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Altcoins That Can Skyrocket Following the Launch of BTC ETF in Hong Kong appeared first on CaptainAltcoin.

A crypto trader found themselves in a precarious position this week after hastily trading two newly launched tokens that saw double-digit price spikes, according to blockchain analytics firm Lookonchain.

The two tokens in question, GUMMY and MANEKI, were just launched this week but immediately experienced volatile price movements. The trader, caught up in the frenzy, made a series of seven trades over five days related to these tokens.

Unfortunately, the trader’s strategy backfired spectacularly. As Lookonchain explains, the trader exhibited classic “fear of missing out” (FOMO) behavior, buying the coins when prices were high only to panic sell after inevitable dips. Of the seven trades, six resulted in losses.

The end result was a total loss of 125.52 SOL for the trader – a staggering amount equal to over $20,000 at current Solana prices. Lookonchain did not identify the trader but used the analysis as a teachable moment about the perils of impulsive trading during market frenzies.

In a tweet, the firm warned: “Avoid being #PaperHand in trading. This trader has frequently traded $GUMMY and $MANEKI in the past 5 days…He was #FOMO and bought coins when the price was high, then panicked and sold after the price dropped.”

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?

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The trader’s costly missteps highlight the risks of trading newly launched, volatile cryptocurrencies without a defined strategy and risk management in place. As the blockchain data shows, giving in to fear and greed can quickly derail even the most well-capitalized traders

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The post How Trader Lost 125 Solana Trading 2 Newly Launched SOL Tokens With Double-Digit Spikes appeared first on CaptainAltcoin.

Pantera Capital has emerged as one of the successful bidders in the latest auction of Solana tokens, orchestrated by the administrators overseeing the bankruptcy proceedings of the now-defunct cryptocurrency exchange, FTX. According to a report by Bloomberg News, this recent development involves the acquisition of approximately 2,000 SOL tokens, a sale that has not been publicly disclosed, as per sources close to the matter.

Bloomberg says the identities of the individuals involved and the finer details of the transaction remain confidential, with those privy to the information choosing to remain anonymous. Both Pantera Capital and the representatives of the FTX estate have been contacted for comments but have yet to respond.

This sale is apparently part of a larger effort by the FTX estate to liquidate its holdings, which included a significant stash of Solana tokens valued at around $2.6 billion. Earlier this month, the estate managed to offload about two-thirds of these tokens in a deal that attracted major cryptocurrency players like Pantera and Galaxy Digital. The tokens sold in this and prior auctions are subject to a pre-agreed vesting period, rendering them non-tradable on the open market until they are gradually released over the next four years.

Interestingly, per the Bloomberg article, the sale price for the Solana tokens in this recent auction was reported to be higher than the previous rate of approximately $60 per token. This suggests a growing confidence in the value of Solana despite the broader market challenges that have plagued the token in the past. Industry insiders anticipate further auctions as the FTX estate continues to divest its cryptocurrency assets.

At the time of writing (6:30 p.m. UTC on April 27), SOL is trading at around $140.66, down 2.0% in the past 24-hour period. In the year-to-date period, SOL is up 34.91%.

Source: TradingView

Popular pseudonymous crypto analyst “Altcoin Sherpa” believes that the SOL price could go over $500 before the end of this year:

$SOL : Averaging into SOL is never a bad idea IMO. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet) pic.twitter.com/eCTNfYDMBK

— Altcoin Sherpa (@AltcoinSherpa) April 26, 2024