cryptoconnect09

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Solana Hits New ATH After 3 Years: Is SOL Poised to Overtake USDT?

Solana (SOL) price reached a new all-time high (ATH) of $262 on November 22, 2024, a remarkable milestone after a turbulent period in the crypto market. The token had once suffered a significant drop to as low as $8 during the collapse of the FTX exchange in 2022, a moment that marked the peak of the crypto bear market. 

The token’s rise from its all-time low (ATL) to its new ATH showcases the strength of Solana's ecosystem and a broader recovery in the cryptocurrency market.

Solana (SOL) price today is currently trading at $258.27, with a 24-hour trading volume of $6.62 billion. The total circulating supply is approximately 474.66 million SOL. 

The SOL coin shows short-term and long-term 50-day and 200-day moving averages have a bullish crossover, which signals a more extended bullish trend. The RSI stands at 77.24, indicating neutral conditions, while the MACD at 22.95 shows some upward pressure. The Stochastic K at 98.04 suggests caution, and the MFI at 50.25 indicates healthy market participation.

Solana's Historic Recovery Paves the Way for Potential USDT Flippening

Solana (SOL), often called the “Ethereum killer,” is back in the spotlight. After dominating the 2020-21 crypto bull market, the digital asset's value plummet following the FTX collapse, led by Sam Bankman-Fried. However, SOL has remarkably recovered over the past two years, regaining investor confidence and increasing its value.

At the time of writing, SOL is the fourth-largest cryptocurrency, with a reported market cap of over $123 billion. The layer-1 blockchain’s market cap is just $8 billion shy of overtaking stablecoin Tether’s (USDT) market cap of $130 billion.

Notably, Solana (SOL) is only 10% away from surpassing the market cap of USDT, positioning it as the third-largest cryptocurrency, following Bitcoin (BTC) and Ethereum (ETH). With its recent surge, SOL coin has risen by 75% over the past three weeks, from $148 on November 4 to $259. This price trajectory has sparked excitement, and the token could likely flip USDT before the end of the year.

While the broader crypto market has gained momentum, partly fueled by pro-crypto Republican US presidential candidate Donald Trump’s victory, it would be oversimplifying to attribute Solana’s remarkable rise solely to political factors. SOL’s resurgence is driven by a combination of factors, including growing investor confidence and ongoing developments within its ecosystem.

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Top Crypto To Buy in 2024

The crypto market is gearing up for a potentially positive 2025. However, strategic investors are not ready to wait until then to boost their portfolios. Bitcoin, Ethereum, and Solana are go-to cryptos. The live price of Solana (SOL) is $255.23, with a 24-hour trading volume of $10.33 billion. The total circulating supply is 474.69 million SOL coin.

All-Time High (ATH): $262.93 on November 22, 2024

All-Time Low (ATL): $0.50 on May 12, 2020

Solana is down 2.93% from its ATH but has surged a massive 50,864.27% from its ATL, showcasing significant long-term growth. According to Coinpedia, Solana's DEX liquidity stands at $16.78 million across 35 active pools on the BSC network, emphasizing its robust market activity and ecosystem growth.

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Backpack Wallet Thwarts $26.6M Security Breach on Solana Network. To know more about Solana price analysis check out Coinpedia Markets.

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Crypto in 2022 vs 2024: What a ride! 🚀📉 Prices have come a long way – who saw this coming? 🔥 check out more info on Coinpedia's Website.

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SOLANA (SOL) surpassed Binance (BNB) to become the fourth-largest cryptocurrency by market cap. SOL market cap reaches 95.7 Billion. with a Total Supply of 588.2 million SOL.

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SOL Price Today

A Big Chance in a Billion! 🚀 $SOL Price: $203.33 

The world of crypto is never boring, and #Solana is proving why it's one to watch in 2024! With its unique speed, scalability, and growing ecosystem, $SOL continues to stand out in the blockchain space. Could this be your moment to invest in the future of decentralized finance? 🌐💸🔥

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Crypto ETFs Surge with Trump’s 2024 Win & Market Bullishness

With Trump’s recent election win in 2024, optimism for crypto-related ETFs is skyrocketing. Cryptos like Solana (SOL), XRP, and Cardano (ADA) have surged, suggesting ETFs for these coins could be on the horizon.

XRP is up 14.29% in 7 days, trading at $0.576 with a 119.48% increase in trading volume to $4B.

Cardano (ADA) is also soaring—up 27.32% to $0.57, fueled by bullish sentiment.

Solana's (SOL) price stands out with a 27.14% gain, reaching $205.31, a market volume of $8.34B, and a SOL market cap nearing $97B.

With strong price movements and growing interest, crypto ETFs like SOL, XRP, and ADA seem more likely.

Crypto ETFs are gaining credibility—U.S. Bitcoin ETF sees $25.79B in inflows, and Ethereum ETF attracts $29.66M daily.

As crypto ETFs grow, traditional investors may soon dive into the market surge. Stay tuned! 📈

#Crypto #XRP #Solana #Cardano #CryptoETFs #CryptoNews

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Solana Price Prediction: What Could SOL Look Like by 2025?

With Solana (SOL) price making serious moves in the sol market, everyone’s wondering—what’s next for this fast-growing blockchain? After some ups and downs, Solana’s seen a solid comeback this year, and experts are starting to predict some major price action by 2025.

Here’s what some analysts are saying about Solana’s future.

$250 to $300 Range: Many are optimistic, with Solana potentially reaching $250 to $300 by the end of 2025.

$500 Target (Bullish Scenario): If SOL price continues to scale up its DeFi, NFT, and Web3 ecosystems, some believe SOL could even hit the $500 mark in a bullish scenario. $100 (Bearish Scenario): On the flip side, if Solana faces competition from other chains or struggles with scaling issues, a more conservative prediction puts Solana at around $100 by 2025. Stay tuned for more updates.

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Solana Breaks $200, Bitcoin Reaches New Peak in Post-Election Rally Extension.

Solana (SOL) surged by 5.8%, reaching $199.82, while Bitcoin (BTC) set a new all-time high at $76,139 as of today. These notable price movements in both assets reflect a wave of bullish sentiment sweeping through the crypto market, with investors keenly monitoring these key milestones for potential future gains. The recent rally in the crypto market is being driven by Trump’s election victory, which is seen as a sign of a more crypto-friendly administration. In addition, expectations surrounding the upcoming FOMC results have further fueled market optimism, contributing to record highs in both stocks and cryptocurrencies.

Solana has achieved a new milestone, recording its highest-ever monthly number of active addresses, surpassing 4.77 million, according to DefiLlama data. With a market cap of $94.87 billion, a 24-hour trading volume of $2.26 billion, and $40.27 million in SOL coin transactions, Solana is experiencing significant growth. A key factor behind this surge has been the rise of "pump fun" tokens, which have notably boosted decentralized exchange (DEX) volume and contributed to Solana's growing market activity.

What a Significant Breakout Could Mean for Solana's Future.

If Solana (SOL) successfully breaks through the critical $199 resistance level, it could unlock further upward momentum, with the next potential target being its all-time high of $209. A decisive breakout above this level would likely trigger a rally, reinforcing the ongoing bullish sentiment and possibly attracting more buyers.

Conversely, if Solana struggles to surpass the $199 resistance, it could experience a pullback, testing key support levels at $173 or $148. In this case, buying pressure around these lower levels could help stabilize the price and prevent deeper declines, allowing for a potential rebound and continued price consolidation. For a brief snapshot of Solana's performance, take a look at the current SOL price prediction.

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TODAY'S TOP 3 MEME COINS IN SOLANA'S ECOSYSTEM

Highlights With a 16.7% increase in value, Solana's memecoin is currently worth $12 billion. The top-performing meme coins in Solana's ecosystem today are MOODENG (35.7%), PNUT (14%), and The GOAT (11.1%).

This surge also shows how Solana's ecosystem is becoming more and more influential, drawing in developers and investors.

Experts remain optimistic and recommend additional meme coins to keep an eye on. In just one day, the market capitalization of Solana's memecoin has risen 16.7% to a record $12 billion. Top performers like Goatseus Maximus (GOAT), Moo Deng (MOODENG), and Peanut the Squirrel (PNUT) are driving this surge in Solana meme coins, which may be connected to larger cultural trends. In March 2024, the Solana meme coin season made a big splash on the cryptocurrency market. However, the season was eventually neutralized because of the increase in meme coins created from the Pump Fun platform and the growth in BONK and dogfight (WIF) successes. After Ethereum, BSC, and Tron, the Solana chain is the largest in terms of meme coins. The recent spike in the Solana meme coin marking to $12 billion may be related to more general cultural patterns, such as the increasing

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"Cardano Unlocks the Future of Decentralized Governance with Chang 2 Upgrade"

Cardano has released Node 10.1.1, marking a major step in its decentralized governance evolution. This update, supporting the Chang 2 hard fork, allows ADA holders to directly participate in protocol decision-making, transitioning Cardano from its “bootstrap” governance phase to full decentralization as envisioned in CIP-1694.

Key Features of the Chang 2 Upgrade

Direct Participation in Governance ADA holders can now vote directly on protocol decisions, significantly shifting governance power to the community.

Delegated Representatives (DReps) ADA holders can delegate voting power to DReps, trusted intermediaries who represent them in decisions. Alternatively, they can become DRep themselves, increasing engagement.

Plutus and Smart Contract Enhancements The upgrade introduces new Plutus primitives (CIP-0122, CIP-0123, CIP-0127), enhancing Cardano’s smart contract capabilities for more robust and flexible decentralized applications (DApps).

Improved SPO Support Stake Pool Operators (SPOs) gain enhanced tools for delegating voting power and streamlining their governance participation.

Network and API Enhancements Improvements across the ledger, API, and networking layers will optimize performance and scalability.

Full Implementation Steps

For Chang 2 to be fully implemented, 51% approval from SPOs and a vote from the Interim Constitutional Committee (ICC) are required, followed by a one-epoch ratification period.

Preparing for the Upgrade

SPOs, DApps, and exchanges must ensure compatibility with Node 10.1.1. Intersect, the governance overseeing body, provides a readiness page to track progress, and the hard fork working group will host Q&A sessions for guidance.

What’s Next for Cardano Governance?

Once Chang 2 is live, ADA holders will use tools like GovTool to vote on proposals and influence network development. The upgrade brings Cardano closer to its decentralized governance goal, empowering the community to shape its future. Additionally, continued improvements in smart contracts and governance will keep Cardano competitive in the blockchain space.

This upgrade represents a major leap forward in decentralization, with ADA holders now central to Cardano’s evolution.

Cardano (ADA) is currently trading at the price of $0.36 at the time of this writing.

This marks a significant turning point for Cardano, and the coming months are sure to bring even more exciting developments for the platform and its community.

Stay tuned for more updates and opportunities to get involved!

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Is Cardano (ADA) Poised for a Price Surge? Analyzing the Trends.

Cardano (ADA) has faced some challenges lately, but there are positive signs that its price may rise soon.

Bull Technical Pattern: This pattern suggests that the price could start going up.

On-chain Analysis: This looks at blockchain data to see how people are using ADA, which can help predict future price changes.

Historical Patterns: By examining how ADA’s price has moved in the past, we can see if it might behave similarly again.

Overall, there’s a sense of optimism that ADA could recover soon. The broader cryptocurrency market has been down lately, affecting many altcoins, including Cardano. This situation has made some investors anxious.

However, some analysts believe Cardano may be stabilizing and could see a price increase. A positive pattern that appeared in December 2023 may lead to significant growth in the coming months. This pattern resembles one from 2020 that resulted in a price rally, hinting that a similar increase could happen again.

Currently, more investors feel negative than positive, which has contributed to a recent drop of over 4% in ADA’s price, now at around $0.33.

Notably, only 12% of ADA holders are currently making a profit. Despite these challenges, this situation could be a good chance for long-term investors.

If Cardano manages to break out of its current trend, its price might quickly climb above $0.50, which would be beneficial for many holders.