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Solana News
Coin Telegraph
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Bitcoin’s rise to $81,000 may trigger rally in ETH, SOL, SUI, AAVE
- Bitcoin has surged to above $81,000 on Nov. 10. Several altcoins have also started to show an increasing trend in sentiment after breaking out of their respective resistance levels. If Bitcoin maintains its upward momentum, investor sentiment could improve, pushing other cryptocurrencies like Ethereum (ETH), Solana (SOL), SushiSwap (SUI) and Aave (AAVE) higher.
- According to Bitcoin analyst Tuur Demeester, HODLing is the way forward in the current scenario. Bitwise Invest CEO, Hunter Horsley said, when Bitcoin’s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. So, it’s likely to go up even further.
- If the bears want to make a comeback in the short-term, they will have to pull the BTC/USDT pair below $71,753. This could trigger long liquidation, pulling the pair towards $66,864. For Ethereum, the critical support to watch for is $2,850, while $2,189 is essential support to watch for on SushiSwap.
- For Solana, closing above $210 indicates the start of the next leg of the uptrend, potentially aimed at $260. While for Aave, breaking past $200 could indicate a rally to $260. However, a slide below immediate support levels could indicate bearish sentiment.
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Newsbtc
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$1,400 On The Horizon? Solana Breach Of $200 Excites Analysts
- Solana breaks critical $200 barrier, signaling potential price increase and end of downtrend.
- Technical indicators support bullish sentiment in Solana, with strong upward movement and positive crossover.
- Resistance near former all-time high of $260, but potential for further growth is predicted.
- Analysts suggest a target price of $1,400 for Solana in the long term.
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Bitcoinsensus
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Bitcoin Soars Amid Trump’s Victory: Crypto & Market Dynamics, Politics & Economic Outlook
- Donald Trump won the US presidential election, leading to positive reactions in the stock and crypto markets.
- Bitcoin experienced an all-time high and is currently consolidating around $76.3K.
- Analysts predict Bitcoin could reach a potential target of $100K even before inauguration.
- Mixed macroeconomic indicators suggest potential inflationary pressures and possible recession indicators.
- Ethereum has reached $3K and Solana ranks third among cryptocurrencies by market cap.
- Politics may play an increasingly significant role in shaping the crypto market.
- The Republicans have taken the majority in Congress and the Senate with 16 pro-crypto senators.
- Cryptocurrencies are becoming increasingly appealing to treasuries and pension funds.
- Altcoins such as Ethereum and Solana are experiencing significant price fluctuations.
- It remains uncertain how all these events will play out in the long term.
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Zycrypto
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Solana’s Weekly DEX Volume Elbows That of Ethereum with Mt.Gox’s 2.2 Billion Bitcoin Movement Causing Jitters
- Solana's decentralized exchange (DEX) volume has surpassed that of Ethereum, indicating increased confidence and interest in Solana's DeFi market.
- Solana recently overtook Binance Coin (BNB) in market value, reaching the fourth position with a market cap of $93.6 billion.
- The number of active Solana addresses has surpassed 150 million, showcasing significant network activity.
- Mt.Gox, a defunct crypto exchange, caused concern due to the transfer of $2.22 billion worth of Bitcoin, highlighting the need for regulatory oversight and security in the industry.
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Crypto-News-Flash
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Solana Validators Enjoy $30 Million+ Daily Revenue After Latest Software Upgrade as SOL Investors Eye $200
- Solana has recently rolled out a software upgrade to improve the performance of validators.
- Solana has surpassed the $200 mark in trading for the third time since 2021.
- Validator revenue on Solana has consistently exceeded $30 million daily since mid-October.
- Solana's recent price surge of 21% brings the token closer to its resistance at $209.90.
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TronWeekly
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Solana Surges Past $200, Analysts Eye Potential Rally Towards $1,400
- Solana's breakout above $200 boosts investor confidence, signaling a bullish trend in the market.
- Analysts highlight technical indicators, like the Bull Flag pattern, suggesting Solana may reach $1,400.
- Strong EMA and MACD signals indicate sustained momentum, hinting at Solana nearing its all-time high.
- Several analysts foresee the potential for SOL to approach its all-time high of around $260 in the coming weeks.
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TronWeekly
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Solana (SOL) Surpasses $200, Driven by Crypto-Friendly Sentiment
- Solana (SOL) surpassed $200 on November 8, driven by positive market factors and ecosystem growth.
- Coinbase's launch of cbBTC on Solana aims to expand Bitcoin's presence within the DeFi space.
- cbBTC's success on Solana addresses a gap left by soBTC, signaling a shift in DeFi integration.
- Solana's surge in price was driven by a crypto-friendly sentiment and anticipated outcomes from the upcoming FOMC meeting.
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TheNewsCrypto
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Solana Tests $200 Mark with Sights on $250 as Network Accelerates
- Solana reaches $201.19 before slight pullback to $197.67.
- Technical indicators show bullish momentum with multiple crossovers.
- Network TVL approaches yearly high at $6.855 billion with $3.67 million in daily fees.
- Solana demonstrates sustained bullish momentum and potential for continued upward movement.
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TronWeekly
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Bitcoin and Ethereum Dominate Crypto Narrative as Prices Surge
- Bitcoin and Ethereum are currently dominating the cryptocurrency narrative.
- Social dominance and price performance are closely correlated for these top cryptocurrencies.
- Altcoins like Solana, XRP, and Dogecoin have taken a backseat in terms of investor attention.
- Bitcoin and Ethereum have surged in value, capturing the lion's share of attention and investment, while altcoins have not garnered the same level of interest.
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Zycrypto
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Solana’s Price Jumps Above $200 As Bitcoin Nails New All-Time High Near $77,000
- The price of Solana's native token SOL has surged past $200 for the first time since April.
- SOL is one of the biggest winners among the top 20 cryptos, gaining over 18.3% in the last week.
- Bitcoin reached a new all-time high near $77,000 on November 7.
- Anticipation for a Solana exchange-traded fund (ETF) has increased under a potential Trump administration.
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TheCryptoBasic
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Massive Bull Flag on Solana Chart Points to $1,400 Target: Analysis
- Solana has seen a bull flag breakout on its weekly chart, indicating a potential rally to $1,400.
- Solana has surged 8.4% and surpassed the $200 resistance level, following a strong performance earlier this week.
- Analysts suggest continued gains for Solana based on the bullish signals on its weekly chart.
- Solana's market dominance has reached a new all-time high of 3.81% amidst the ongoing bull run.
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Altcoinbuzz
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cbBTC: Bitcoin Now on Solana
- cbBTC is a token issued by Coinbase on the Solana blockchain, backed 1:1 by Bitcoin held in Coinbase's custody.
- This allows users to access Bitcoin's value on the Solana network, benefiting from its speed and low costs.
- cbBTC can be used in Solana's ecosystem for tasks such as lending, borrowing, and trading tokens.
- Users can acquire cbBTC through Jupiter.ag or the Jupiter Mobile app, with the option of purchasing it directly through a special tweet link.
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Hackernoon
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Solana’s Surge: Why is It Set to Lead the Blockchain Industry?
- Solana is gaining recognition as a major player in the blockchain world, with its growing popularity resulting in an impressive increase in its stablecoin supply and real economic activity.
- The primary reason for Solana's success is its speed and affordability. Transaction fees on this chain are competitively low, and the growth of DeFi opportunities is adding to its success.
- Fees per transaction on Solana are a fraction of a cent, compared to Ethereum’s $6-8 fees per transaction.
- Solana’s DeFi landscape, including protocols like Sanctum, Jito, and Kamino, is successfully attracting investors with high yields and point systems offering airdrops.
- The launch of decentralized exchanges and cross-chain bridges between Solana and other blockchain networks are bolstering the ecosystem’s strength.
- One of its most significant attributes is that it is fully community-driven, making it an authentic blockchain option.
- With the rise in stablecoins like PYUSD and Tether on Solana, the platform is in a good position to benefit from their increasing importance in global payments.
- Solana’s growth is established on genuine technological advantages and real-world benefits, and its future growth looks promising as more projects move to the platform.
- End-of-the-year predictions indicate that we can reasonably expect SOL to reach around $200 by the end of 2024, due in part to its rising popularity.
- These are personal observations and should not be taken as financial advice. Cryptocurrencies are speculative investments and involve high risks.
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Crypto-News-Flash
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ETH and SOL Headed for Major Moves, Says Peter Brandt—With Solana in the Spotlight
- Veteran trader Peter Brandt predicts a bullish breakout for Solana (SOL) and Ethereum (ETH).
- Solana has shown stronger potential as it overcomes key resistance levels and nears its all-time high.
- Despite Ethereum's dominance in DeFi trading volume, Solana has outperformed ETH in total traded volume over the past week.
- Brandt expresses a preference for Solana in the DeFi volume battle, highlighting its potential to lead the next wave of growth in the space.
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Cryptonews
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Breaking: US Spot Bitcoin ETFs See Record-Shattering US$1.37 Billion in Daily Inflows
- US Spot Bitcoin ETFs achieve record-breaking inflows following Trump’s re-election, driving Bitcoin to all-time highs.
- BlackRock’s IBIT fund alone received US$1.12 billion, significantly boosting its share of the total Bitcoin supply.
- IBIT now controls over 2% of all Bitcoin, with the ETFs combined holding nearly 5%.
- Ethereum ETFs also see increased activity, with high hopes for a possible approval of Solana ETFs amid regulatory speculations.
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