Bitcoin's repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
Solana DEX trading volumes exceeded $100B in December 2024, outpacing Ethereum and Binance Smart Chain. With Raydium leading single-chain DEXs and Solana's TVL soaring by 57%, the blockchain's efficiency and scalability continue to attract DeFi users. SOL price, however, saw a 20% decline. The post Solana Defies Bearish December, DEX Trading Volume Surpasses $100B appeared first on Cryptonews.
BONK's price rebounded following the burn of 1.69 trillion tokens, with the reduced supply boosting its value.
The memecoin BONK, hyped for its dog-themed nature, has hit a rough patch. Even after the big token burn event on December 26—where 1.69 trillion tokens worth $51 million were burned—the price still dropped by 7.2%.
The market remains mainly red, however, there are some exceptions to the rule, according to CoinStats.
Solana-based meme coins, including Pudgy Penguins (PENGU), Fartcoin, and Gigachad, have experienced massive growth in 2024, with gains ranging from 600% to 1800%.
Ever since the crypto industry gained momentum, Bitcoin ($BTC) and Ethereum ($ETH) are the two names that have been dominating the market. No one ever managed to come close.
Bonk was expected to take center stage on Christmas Day with a promised 1.69 trillion BONK token burn, but delays left community members outraged and a potential 50% rally in question. The post Holders Turn on BONK After ‘BURNmas' Flop – Can BONK Price Rally 50% Again? appeared first on Cryptonews.
The Bonk (BONK) token experienced a 7.2% decline in price following the recent token-burning event, which successfully removed 1.69 trillion BONK tokens.
Investors have poured nearly $800M on Solana ($SOL) since September 2023. Can this token rise to $500 once alt-coin season starts? The post Solana's Capital Inflows Soar – Could SOL Be the Next $500 Coin? appeared first on Cryptonews.
Solana (SOL) has generated a lot of buzz due to its efficiency alongside effective development for quite some time now. Meanwhile, Cardano (ADA) and Sui (SUI) also have solid records of achievements. However, a new player in the market, Rexas Finance (RXS), is making its mark as a disruptor in the blockchain industry.
Solana price action is at a critical juncture, with the cryptocurrency testing market's patience, it hovers just below the pivotal $194 resistance level. This threshold has emerged as a significant hurdle as bulls struggle to sustain enough momentum to power a breakout despite recent attempts to push higher.
Solana dips 3%, trading at $190.75 with a $3.5 billion volume. Explore its market highlights, DEX dominance, and Bitget Wallet's latest features. The post Solana Price Dips 3% With $3.5 Billion Volume – Is $300 Still Within Reach? appeared first on Cryptonews.
As the crypto bull market moves into its final stage, altcoins have still not entered a typical, explosive altseason. Bitcoin ($BTC) continues to outperform.
Cryptocurrencies had quite a year in 2024. Bitcoin (BTC 0.92%), the world's largest cryptocurrency, topped $108,000 and altcoins have surged as well.
Solana Labs co-founder Stephen Akridge is facing a lawsuit accusing him of withholding “millions of dollars” in staking rewards from his ex-wife after their divorce agreement.
Bitcoin (BTC) fell further on Boxing Day, plummeting from $98,000 to a low of $95,214, failing to reclaim $100,000 over the holiday period. The cryptocurrency is down just over 2% over the past 24 hours, trading around the $96,100 mark with sellers firmly in control.
The Sui Network (SUI) is gearing up for a significant event on January 1, 2025, with nearly $300 million worth of its native token set to be unlocked. This is part of Sui's monthly process, which increases the circulating supply and impacts investor holdings. Despite a recent 5.
Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK's entire supply, amounting to 1.
Meme coins are already the biggest talking point in the crypto space owing to their absurdity and explosive rallies. However, they are not the biggest category of tokens yet.
Explosive growth for Solana validators: the key role of MEV.
Here's how growing Eliza's adoption and AI16Z tokenomics revamp could challenge VIRTUAL.
BONK, one of Solana's popular meme tokens, is trading at $0.000031, close to its one-month low. This marks a significant drop from its November 22 peak of $0.000053. Open interest in BONK has also fallen to $8.32 million, the lowest in three months, as traders shift their focus to other assets.
The Bonk team initially promised to execute the burn on Christmas Day, but didn't get around to it until a day later on Dec. 26.
A notable headwind rocked the cryptocurrency market on Thursday, driving down not only the sector's leading asset but a great many coins and tokens that tend to slipstream behind it.
Solana (SOL) has recently exhibited price action that mirrors Bitcoin's early 2024 behavior, raising expectations of a potential rally in the coming months. Bitcoin's price surged from $47,080 to $74,000 in early 2024, largely driven by significant buy-ins at key support levels around $45,000.
With recent price developments, Solana could be set for a major rally in the coming days or weeks. Due to the general market's resurgence, several bullish forecasts from seasoned crypto analysts suggest that the altcoin might be entering the next phase of its bull cycle.
More than 93% of Solana's validators use Jito's software for MEV, according to Jito Labs.
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Bonk DAO voted in favor of another decrease in the token's supply. The community gathered 1.69T tokens, which were burnt from the DAO's multi-sig wallet.
Solana (SOL) price continues to attract significant user activity and transaction volume on applications like Raydium, Pumpfun, and Jito. Despite this, SOL has fallen 17% over the past 30 days, losing its $100 billion market cap and currently sitting at $90.6 billion.
The Bonk Decentralized Autonomous Organization (DAO) has carried out the much-anticipated token burn, burning over a trillion BONK tokens. This provides a bullish outlook for the top Solana meme coin, although its price has yet to react to this development.
The co-founder of Animoca Brands, a leading firm in the blockchain gaming space, had their X social media account hacked and used to promote a fake Solana (SOL) token.
Despite the token burn, BONK struggles with resistance and bearish market sentiment, limiting potential gains.
Ethereum, Solana, and XRP exhibit crucial technical setups across weekly and 4-hour charts, highlighting key levels, bearish risks, and bullish targets heading into 2025.
Bitcoin (BTC) didn't bring much holiday cheer to investors as it remained under $100,000. BTC has been marginally down over the last 24 hours and is trading at around $98,100.
The Solana price has witnessed a significant correction since it reached its current all-time high (ATH) of $263 in November. This price correction is expected to continue in the short term as a crypto analyst has provided a target that Solana could drop before the year ends.
In late November, the developing team behind the popular Solana-based meme coin coin BONK proposed to burn 1 trillion tokens that the community would contribute during an event named BURNmas. On Wednesday, they announced that they have surpassed that target and will now be burning a total of 1.
Pudgy Penguins (PENGU) price has surged 12% in the last 24 hours, surpassing BONK to become the largest meme coin in the Solana ecosystem with a market cap of approximately $2.5 billion.
The Solana-based meme coin BONK is preparing for a burn of 1.69 trillion tokens, valued at approximately $55 million. This is following its successful BURNmas campaign.
Over the past two years, solana (SOL) has experienced extraordinary growth, with a reported price appreciation of 2,143%, according to a comprehensive study by Glassnode researchers Ukuria OC and Cryptovizart. From Rock Bottom to Billion-Dollar Liquidity The Glassnode report examines the asset's recovery, its competitive performance against major cryptocurrencies, and the factors driving its momentum.
Once praised as a game-changer in the blockchain field, Solana (SOL) has since come under significant downward pressure due to market changes. Its price has decreased below $200, which aligns with a pessimistic trend. The crypto market is wondering whether it may recover its previous splendor.
Virtuals Protocol (VIRTUAL) is gaining representation on Base, with a growing number of AI agent tokens flowing into DEX.
BonkDAO's “BURNmas” event plans to burn 1.69 trillion BONK tokens worth $54 million, reducing the total supply by 1.8%.
The crypto community has united in support of four-year-old Mira Chen, who is suffering from a rare brain tumor. The post Crypto Community Rallies for 4-Year-Old Mira, Pushing Solana Meme Coin to $80M in Hours appeared first on Cryptonews.
The broader Solana meme coin market surged to $18.2 billion, representing a 10.3% increase over the last day, driven by PENGU's performance.
The rapid rise of MIRA token highlights the crypto community's potential for impactful social support, raising ethical considerations in token trading. The post Solana meme coin MIRA soars to $80M market cap in 5 hours as community rallies around brave little girl appeared first on Crypto Briefing.