Andrew Kang of Mechanism Capital, a crypto venture fund, thinks meme coins have evolved and shouldn’t be considered lowly. In a post on X, Kang argues that meme coins are no longer a “last resort” investment but an emerging sector constantly attracting millions of investors. Investors Should Change Strategy? If anything, the analyst thinks, top…
Solana (SOL) is rapidly gaining the attention of institutional investors, who are increasingly showing a strong interest in this crypto token. This trend underscores the possibility that Solana could be the next in line to launch its Spot ETF, a development that could significantly impact the crypto token’s price. Solana Investment Funds Record Year-To-Date Inflows…
For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies. Related Reading The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenner’s JENNER token. Who Is Solana? On…
After the recent market pump, Solana (SOL) recovered an important support zone. As a result, analysts have debated whether the altcoin is poised for a liftoff to a new all-time high (ATH) or about to face a meltdown. Related Reading Analysts Fear SOL’s Top Is In After recovering the $160 support zone over a week…
Chainlink (LINK) has recently been identified as a significant influencer within the altcoin sector. Noted by crypto analyst Michaël van de Poppe, LINK’s market movements are increasingly seen as a barometer for the broader altcoin ecosystem. This observation places Chainlink at the center of potential market trends, suggesting that its performance could presage movements across…
Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There was a break…
Since trading firms like FTX collapsed in November 2022, the Solana blockchain has seen significant gains and regained investor confidence, with Ethereum developers increasingly migrating to it. According to a recent analysis by Jack Inabinet, Senior Analyst at Bankless, with significant growth in key metrics and SOL’s year-to-date increase of 770%, Solana has solidified its…
Over the weekend, the crypto community saw suspicious behavior from several X accounts. Crypto figures and celebrities were suspected of being hacked after some unusual posts promoting memecoins. Related Reading Among the celebrities, Olympian and reality TV star Caitlyn Jenner saw a turbulent launch of her JENNER token due to hack and back exit scam…
Algorand Foundation’s new ad criticized Bitcoin, Ethereum, and Solana for their efficiency. The ad received mixed reactions from the crypto community and sparked a conversation about the art of advertising crypto products. Related Reading Algorand, The Only One “Delivering” Algorand’s latest ad has sparked controversy for “dissing” three networks. Titled “When Blockchain Meets The Real…
Jan Happel and Yann Allemann, the co-founders of the on-chain analytics platform Glassnode, recently suggested that Solana (SOL) could make a significant move to the upside in its Ethereum pair. They alluded to the likelihood of Ethereum rising higher as another reason SOL will likely “soar.” Solana To Make A 90% Move Against Ethereum Happel…