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CryptoNewsLand
CryptoNewsLand
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Innovation and disruption remain ever-present in the cryptocurrency market, and the recent surge of Retik Finance has seized the attention of investors globally. With its value skyrocketing by an impressive 400%, Retik Finance (RETIK) is rapidly establishing itself as a significant competitor to Solana (SOL), one of the market’s leading blockchain platforms.  This article explores the catalysts fueling Retik Finance’s meteoric ascent, its potential to rival Solana’s dominance, and the broader implications for the cryptocurrency market as a whole. The Emergence of Retik Finance (RETIK): A Threat to Solana’s Position In recent months, Retik Finance (RETIK) has surged forward, presenting a formidable challenge to Solana’s entrenched market dominance. As it wraps up its presale in stage 10, with tokens priced attractively at $0.12, Retik Finance is poised to disrupt the status quo, as it witnesses an impressive 400% uptick. This surge empowers Retik Finance, leaving investors anxious as Retik Finance takes up a challenge to potentially surpass SOL’s established market position. The project’s multifaceted ecosystem, comprising secure non-custodial frameworks, staking, lending, borrowing, and enticing yield farming opportunities, underscores its potential as a significant competitor to Solana.  With such a robust offering, Retik Finance (RETIK) is positioning itself as a potent “Solana killer,” aiming to redefine the landscape of decentralised finance and capture the attention of investors seeking innovative and lucrative opportunities within the cryptocurrency space. Analysing Retik Finance’s Value Proposition Retik Finance’s surge in value is not merely a result of speculation but is grounded in its robust value proposition. By prioritising security and user privacy through state-of-the-art measures such as non-custodial wallets and optional two-factor authentication, Retik Finance addresses critical concerns within the crypto community. Moreover, its user-friendly interfaces and intuitive design make DeFi activities accessible to a broader audience, levelling the playing field for both experienced users and newcomers alike. The Role of Centralised Exchanges in Retik Finance’s Ascendancy A significant catalyst driving Retik Finance’s ascent is its impending listing on two major centralised exchanges in the third quarter of 2024. This strategic move is expected to amplify Retik Finance’s visibility and accessibility, attracting a broader base of users and investors. With greater liquidity and exposure, Retik Finance is poised to cement its position as a prominent player in the crypto market, posing a direct challenge to Solana’s dominance. Challenges and Opportunities: Navigating the Crypto Market Dynamics While Retik Finance’s surge has instilled a sense of anxiety among investors as they see it as a potential Solana killer, it also presents lucrative opportunities for those willing to embrace the platform’s potential. As the crypto market continues to evolve rapidly, opportunities for innovation and disruption abound. Investors must carefully navigate these dynamics, balancing the potential for high returns with the inherent risks associated with emerging projects like Retik Finance. Analysts’ Projections: The Path Forward for Retik Finance (RETIK) Market analysts are overwhelmingly optimistic about the future of Retik Finance, foreseeing a potential surge of up to 5000% in the months ahead. This projection is underpinned by Retik Finance’s expansive ecosystem and its proactive growth strategy, which positions it as a formidable challenger to Solana’s current market dominance while simultaneously solidifying its presence within the decentralised finance (DeFi) sphere. Yet, the realisation of these ambitious goals hinges on the continuous pursuit of innovation, forging strategic alliances with key industry players, and fostering active community involvement. By navigating these avenues effectively, Retik Finance can sustain its upward trajectory and establish itself as a prominent player in the cryptocurrency landscape, offering investors compelling opportunities for growth and diversification within the burgeoning DeFi sector. Conclusion: Embracing the Potential of Retik Finance (RETIK) The surge of Retik Finance (RETIK) and its potential to challenge Solana’s dominance signals a new chapter in the evolution of the crypto market. With its innovative features, commitment to security, and aggressive expansion strategy, Retik Finance represents a significant opportunity for investors seeking exposure to the burgeoning DeFi sector. While challenges and uncertainties remain, the future looks promising for Retik Finance (RETIK) as it seeks to redefine the boundaries of decentralised finance and reshape the crypto landscape. As investors navigate these exciting developments, one thing is certain: the crypto market waits for no one, and those who dare to seize the opportunities presented by projects like Retik Finance stand to reap the rewards of their foresight and conviction. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance The post Investors anxious as ‘Solana Killer’ token sees 400% uptick, challenging SOL’s market position appeared first on Crypto News Land.

3 days ago
U.Today
U.Today
Binance Makes Big Announcement With New Solana, Worldcoin and Filecoin Listings
3 days ago
CryptoNewsLand
CryptoNewsLand
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XRP’s price experienced an 8% retracement to $0.53 but showed resilience amidst selling pressure. Despite lagging behind rival coins like Avalanche and Ethereum in gains, XRP saw a 7.4% increase. The trading volume for XRP dropped by 73.2% from its peak on February 15 to 22, indicating a decline in trading activity. XRP experienced a notable setback, declining by 8% to a weekly low of $0.53 on February 22nd. However, amidst this downturn, traders displayed resilience, signaling an intent to hold out for a potential rebound. A week earlier, XRP had surged to a peak of $0.58 on February 15th, driven by favorable conditions within the layer-1 crypto sector. Despite slipping below $0.55 in subsequent days, investors refrained from instigating a significant sell-off. Source: TradingView This behavior mirrored trends in other layer-1 coins like Avalanche, Solana, and Ethereum, which all witnessed substantial gains. While XRP trailed its counterparts with a 7.4% uptick, it still reached a monthly high before its retracement. On-chain data analysis revealed a prevailing bullish sentiment among XRP holders, even amidst the price decline. Notably, trading volume plummeted by 73.2% between February 15th and 22nd, while the price only dipped by 8%, indicating underlying investor confidence and anticipation of a rebound. Factors such as the overall growth in the altcoin market cap, coupled with historic peaks in Bitcoin and Ethereum prices, further supported optimism for XRP’s recovery. However, challenges remain, with resistance seen around the previous peak of $0.58 and crucial support at the $0.50 mark. The coming days will determine whether XRP bulls can defend key levels and drive the price towards a potential breakout above $0.60 or if bears will exert pressure, leading to further declines. Read also: XRP’s Path to $1.87: Expert Analyst Predicts 269% Rally Despite Recent Setbacks How Top Analyst’s Long-Term Outlook Fuels XRP Enthusiasm: $0.8888 & $1.0507 Predictions XRP’s Potential Rebound: Top Analyst Sets Targets from $0.60442 to $1.88 XRP’s Cup & Handle Pattern: A Bullish Signaling for $1.05 & $1.88 Targets XRP’s Potential $3.39 Increase, Analyst Weighs In The post XRP Bulls Stand Firm as Price Dips: Will $0.50 Be Defended? appeared first on Crypto News Land.

3 days ago
Crypto Daily™
Crypto Daily™
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Solana (SOL) recently saw significant activity from big-time investors who were strategically navigating the broader market downturn. On February 20, two Solana whales executed large-scale transactions, transferring a combined total of $115 million in SOL to the centralized exchanges BNB and Coinbase. The transactions, involving 712,000 and 372,999 SOL tokens, were quickly spotted by crypto whale-watching agencies. This move came as Solana (SOL) price experienced a dip, aligning with the wider crypto market's cooldown. Despite the market's challenging times, Solana's (SOL) trading volume soared beyond $3 billion, with its liquidity closely matched between buys and sells, showcasing the community's active engagement and resilience. The transfer of a substantial amount of SOL to Coinbase and BNB could suggest a readiness among some of the largest Solana (SOL) holders to cash out or diversify into other cryptocurrencies amidst fluctuating market conditions. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Solana (SOL) Witnesses Major Whale Activity and TVL Milestone Amid Market Fluctuations Despite the market-wide cooldown, Solana's (SOL) significant whale transactions and a notable milestone in its Total Value Locked (TVL) showed its underlying strengths and potential shifts in investor sentiment towards. Solana (SOL) whales made a bold move by transferring a staggering $115 million worth of SOL to two of the largest centralized exchanges, BNB and Coinbase. The transactions involved massive amounts of SOL tokens, with one whale moving 712,000 SOL to Coinbase and another transferring 372,999 SOL to BNB, and affected Solana's (SOL) daily trading volume, which exceeded $3 billion as buys matched pending bids. Big-league investors acted amidst a dip in Solana's (SOL) price, which sparked speculation about their real intentions. The timing and scale of whale transactions suggest a strategic play with the goal of capitalizing on the current price range or reallocating investment portfolios. While the true motives are being speculated, the market is closely watching whale moves to understand potential implications on Solana's (SOL) price and liquidity. Despite a recent decline in Solana (SOL) price, which has seen a 7% decrease over the past three days, the network's fundamentals appear strong. On a positive note, Solana's (SOL) TVL reached a new milestone, hitting $2 billion for the first time in over a year. This marked a significant recovery from the lows post-FTX collapse, fueled by renewed confidence in Solana's (SOL) ecosystem. However, the TVL has slightly retracted to around $1.9 billion since then, raising questions about the sustainability of this growth. The recent whale activity and TVL milestone are critical factors that could influence Solana's (SOL) price trajectory. While the immediate market reaction was mixed, these developments could have longer-term implications that are quite positive. The influx of substantial funds into exchanges and the achievement of a significant TVL milestone highlighted both the liquidity in the market for Solana (SOL) and the growing utility and adoption of the Solana (SOL) ecosystem. So given the current market dynamics and Solana (SOL) fundamentals, it's plausible to anticipate some volatility in the short term as the market digests these developments. But the increased investor activity and interest in Solana (SOL) provides a foundation for price stabilization and potential growth. One needs to monitor market sentiment, whale activity and fundamental indicators like TVL and trading volume to navigate Solana's (SOL) evolving landscape. As of now, predicting the exact future price of Solana (SOL) is challenging due to the volatile nature of the cryptocurrency market. However, the recent whale transactions and the milestone in TVL are likely to play a pivotal role in shaping investor sentiment and market dynamics in the coming weeks. Should the positive trends in TVL and network activity continue, they could counterbalance the current price dip, potentially leading to a gradual recovery in Solana's (SOL) price. Conclusion Solana's (SOL) whale transactions and a notable milestone in TVL underscore the dynamic and speculative nature of the cryptocurrency market. The movement of approximately $115 million worth of SOL to major exchanges like BNB and Coinbase by whales during a market-wide cooldown not only highlights the strategic maneuvers of large-scale investors but also signals potential shifts in market sentiment. Despite the immediate market reaction leading to a slight dip in Solana's (SOL) price, the underlying strength indicated by the surge in daily trading volume and the achievement of a $2 billion TVL milestone for the first time in over a year suggests a growing investor confidence and interest in Solana's (SOL) capabilities and future prospects. So it's evident that Solana's (SOL) network keeps attracting both retail and institutional investors with its innovative blockchain solutions. 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.

3 days ago
Cryptopolitan
Cryptopolitan
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As cryptocurrency funds garner record weekly inflows amid increasing interest in spot Bitcoin ETFs, market participants eye tokens with higher growth potential. Specifically, a few emerging assets are projected to outperform Solana’s impressive spurt by 2024. Speculation on these tokens has been fueled by the shifting dynamics of the digital asset landscape, exemplified by events such as the recent surge of crypto investing. BlastUP Presale: The 1st Launchpad in the Blast Ecosystem is Live! BlastUP is a pioneering launchpad on Blast, the cutting-edge Layer 2 solution that has rapidly reached $1 billion total value locked in just 35 days. BlastUP stands at the forefront of financial technology, championing the motto “Grow faster, earn more.” With meticulous Project Screening, BlastUP ensures that only the highest caliber projects reach its ecosystem. Additionally, the platform offers  passive income opportunities through staking and farming, underlining its dedication to fostering an equitable and rewarding environment. The BlastUP tokens presale is running, and with each new stage, their value will increase. The current price is locked at $0.04, while the price at the DEX listing is going to be $0.1. That will make a whopping 250% ROI, so now is the perfect time to buy BlastUP tokens at the best price with a 60% discount. >> Snatch Up BlastUP Tokens Now for Maximum Returns! << As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community, supporting early-stage startups. With its community-centric approach and drive for innovation, 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. >> Seize the Chance to Grow Faster and Earn More with BlastUP! << Arbitrum Potential Growth Predictions Highlighted, Amid Market Volatility and Risks The recent developments for Arbitrum bode well for its long-term growth, given its increasing traction. Keeping in mind its current price of $1.85, optimistic predictions suggest a potential rise towards the resistance level of $2.80. This is supported by the 100-day Simple Moving Average (SMA) buy recommendation, reflecting a favorable sentiment in the market. On the contrary, caution needs to be exercised owing to the neutral stance suggested by the RSI and Stochastic indicators. The MACD and 10-day SMA both advise a sell, showing a possible downturn under certain market conditions. In a highly volatile scenario, there’s a chance of falling towards support level 2 at $0.98, exemplifying a more risk-driven outlook. Solana’s Filecoin Integration Could Propel Price Upward Despite Potential Risks Following the integration with Filecoin, Solana’s path to data accessibility might harness an upward pressure on its price. If we observe the current Solana price of $104.22, with resistance levels at $116.41 and $136, the collaboration could prove lucrative by driving SOL towards these higher figures. The 10-day simple moving average pinpointing $110.5, further supports this potential upward trajectory, fostering an optimistic long-term scenario, despite the neutral RSI and Stochastic RSI Fast indications. The flip side, however, still exists in the current market conditions. The MACD signposts a ‘sell’ even with positive news citing Solana’s advancements. Should this integration fail to impress, Solana might move towards its support levels standing at $78.22 and $59.45. Additionally, the 100-day simple moving average, resting at $87.92, suggests a lower-than-current price potential, indicating the presence of short-term risks. Balancing these factors, caution remains paramount in navigating the volatile crypto-sphere. Conclusion With other potential standout tokens such as Arbitrum and Solana in view, BlastUP tops the list in terms of growth estimates and long-term strategies. Integrated within the highly progressive Blast ecosystem, BlastUP enhances the scope of financial technology. Its potential isn’t just rooted in its concept, but also in its execution which takes into consideration project screening and passive income opportunities. The strong community support and future promises of AI-driven tools place BlastUP as the project with the richest potential for growth in the crypto market. Site: https://blastup.io/  Twitter: https://twitter.com/Blastup_io 

3 days ago
CaptainAltcoin
CaptainAltcoin
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Solana (SOL) has been having a decent time this month, with some major gains – even more so than some other tokens. On top of that, there may be even more gains in sight for the crypto asset. However, there are some tokens that are overshadowing SOL because they are even more lucrative. The two tokens in question are Bitcoin Minetrix (BTCMTX) and Smog (SMOG), which have the potential for significant growth. We give you all the details on these projects here. Solana Price Prediction: Major Gains Coming In? According to the technical analysis on the weekly time frame, SOL reached its highest point of $126 in 2023, but then declined. The drop reached its lowest point of $79 in January 2024. Since then, the SOL price has risen, forming consecutive positive weekly candlesticks. It hit a peak of $119 on February 14, 2024. The weekly Relative Strength Index (RSI) also shows a negative sign. Market traders use the RSI to measure the momentum of the price and to determine if it is overbought or oversold. They use this information to decide when to buy or sell an asset. If the RSI is above 50 and rising, it means that the bulls have more power, while if it is below 50 and falling, it means the opposite. However, the indicator is also showing a bearish divergence (green trend line), which is a common signal of a downward trend. Bitcoin Minetrix Has A Great Future Ahead of It Bitcoin Minetrix (BTCMTX) is a remarkable tokenized cloud mining platform, known for its efficiency and easy-to-use interface. The project has built a solid reputation by ensuring security and transparency. Users can conveniently get and stake BTCMTX tokens within the platform’s ecosystem, using user-friendly wallets like MetaMask, which are smoothly integrated with Ethereum. Bitcoin mining has usually been difficult for the average person. However, this platform and its token make it possible for anyone who wants to mine the most popular cryptocurrency in the world. This method improves accessibility, allowing investors to stake BTCMTX and get credits for more BTC mining. It also solves the problem of cloud mining reliability and reduces the chance of fraud in the industry. The project has many advantages, such as low startup costs, a safe and simple user interface, and an easy onboarding process. The process consists of buying tokens, choosing the buy-and-stake option, and then getting rewards in Bitcoin. The team has clearly defined an initial roadmap, showing a smart view on the project’s development. After the presale, their main objectives are to get listings on exchanges, start a full-scale marketing campaign, and begin the creation of desktop and mobile apps, which will need more team members. Ongoing talks with trustworthy cloud mining companies show great potential for significant growth, with an emphasis on creating the stake-to-mine contract. The next stage will concentrate on launching stake-to-mine desktop and mobile dashboards and enabling the first Bitcoin withdrawals to wallets. Future plans include adding the feature to exchange mining credits for hash power. The team’s top priorities going forward are marketing activities, possible expansion into cloud mining rentals, and other strategic business operations. Bitcoin Minetrix has reached impressive achievements during its presale, with the BTCMTX token currently worth $0.0136, raising almost $11.3 million. BTCMTX tokens can be bought through credit card transactions, ETH, USDT, and BNB. Also, a tempting Gleam contest offers a $30,000 mine drop reward. Smog (SMOG) Is A Meme Coin That Will Revolutionize The Niche We won’t hesitate to say it: Smog (SMOG) could be one of the biggest meme coins of all time. This Solana-based meme coin has rapidly gained popularity on decentralized exchanges (DEXs), reaching a $2 million market cap on Jupiter. The upcoming airdrop suggests the possibility of huge growth, and the staking option gives an APY of 42%. Do remember that meme coins are always vying for the crown of the fastest growing crypto tokens. This trend has been very clear in the last year, with many meme coins consistently beating the wider market. This trend is likely to persist in the future, with the meme coin niche staying one of the most lively and efficient in terms of producing returns. SMOG is following the footsteps of successful predecessors like Bonk and Myro, which have experienced amazing growth. Notably, SMOG’s DEX trading volumes have lately exceeded those of Uniswap. With its impressive growth, SMOG has the chance to outdo the accomplishments of SPONGE, which saw a 50x increase from $2 million to $100 million. SMOG is certainly one of the most attractive cryptocurrencies to invest in right now, with the upcoming airdrop possibly boosting it to become the top meme coin of 2024. Conclusion Solana (SOL) may have some upward momentum, but Bitcoin Minetrix (BTCMTX) and Smog (SMOG) are set to grow even further this year. We highly recommend keeping an eye on these tokens, joining their presales, and following their social media channels to keep up with the latest news. Check Out Smog Disclaimer: 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 cryptoassets 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 Solana (SOL) Price Prediction: Positive Outlook, But Potential Gains Overshadowed By These Two Lucrative Tokens appeared first on CaptainAltcoin.

3 days ago
Cointelegraph
Cointelegraph
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Converting cryptocurrency to fiat has never been easy, so the recent collaboration announced between Web3 infrastructure firm Transak and credit card giant Visa is probably welcome news — particularly for users of crypto wallets like MetaMask, Ledger and Trust Wallet. As Cointelegraph reported in late January, “MetaMask users can now sell crypto directly to a Visa card.” Some 40 kinds of crypto can now be converted into local fiat currency at 130 million of Visa’s merchant locations across 145 countries. The numbers alone are daunting, but this may also be an inflection point. “Visa and Mastercard’s reengagement with the crypto sector marks a pivotal turn in the industry’s trajectory,” Antoni Trenchev, co-founder and managing partner at Nexo, told Cointelegraph recently. “It’s big news for people already using crypto to pay for things — now they have more options and, arguably, better options with how to make these types of payments,” Joanna Wasick, partner at law firm BakerHostetler, told Cointelegraph. That said, it wasn’t that long ago that Visa appeared to be stepping back from crypto. Almost exactly a year ago, Reuters declared that “Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms” — though Visa later took issue with Reuters’ assertion. “This strategic recalibration is not surprising, even with Visa’s distancing itself from crypto a year ago,” said Trenchev last week. “With market uptake, especially with climbing Bitcoin prices, an approved Bitcoin ETF [exchange-traded fund] and an upcoming ‘halving,’ we’re witnessing the nascent stages of a bull market in crypto,” continued Trenchev. Visa and Mastercard don’t want to miss out, arguably. As dramatic and sudden as the announcement may have seemed, it is actually part of a larger process that has been going on for some time. “Visa’s decision to enable real-time card withdrawals is the latest step in the monetization of cryptocurrencies,” William Luther, associate professor in the Department of Economics at Florida Atlantic University, told Cointelegraph. A loss for centralized exchanges? Still, in a dynamic economy — where “creative destruction” is the norm — there are often losers and winners. What does this mean for centralized crypto exchanges like Coinbase and Binance? If Visa can convert a holder’s crypto directly into fiat, why does that individual even need a cryptocurrency exchange? “More users are choosing to directly engage with Web3 through decentralized applications rather than centralized exchanges,” or CEXs, Sami Start, co-founder and CEO of Transak, told Cointelegraph. Asked about the volume of recent crypto withdrawals to Visa cards, Start declined to provide segmented data, but he did say that the firm’s off-ramp transactions — including Mastercard and Visa transactions — “have experienced a growth of approximately 24.27% from December 2023 to January 2024.” Recent: CBDCs: User privacy problem or currency of the future? The threat to centralized crypto exchanges could be exaggerated, however. “The notion that this advancement might disadvantage CEXs and platforms is oversimplified,” said Trenchev. Visa and Mastercard’s involvement in decentralized finance (DeFi) is likely to promote broader cryptocurrency adoption — “which benefits the whole industry.” CEXs still have a play to role. They are “vital in scaling,” continued Trenchev, whose firm was a pioneer in offering a crypto-backed Mastercard in parts of Europe several years back. They provide a degree of reliability, accessibility and security that many DeFi platforms still don’t offer. He added: “The appeal of self-custody in DeFi is clear, but it comes with risks, such as lack of insurance.” Both DeFi and CEXs contribute to the growth of the blockchain ecosystem, Trenchev maintained, and “their successes are mutually beneficial.” Importance of network effects Clearly, there is much more discussion now about crypto as a medium of exchange, which was not the case in the depths of the crypto winter. The biggest hurdle that “would-be” monies face coming out of the starting gate is what economists call “network effects,” explained Luther. They’re not likely to be useful unless your trading partners are willing to use them, and at the outset, few parties are willing to do so, he said, adding: “Intermediaries like Visa have the potential to eliminate the network effect problem. By converting your preferred cryptocurrency on the fly to your trading partner’s preferred money, [they can make a new] medium-of-exchange much more useful.” Visa isn’t the first to take this step. Xapo began offering a Bitcoin (BTC) debit card in 2014. “But Visa supports more cryptocurrencies and boasts a very big network. That’s a big deal,” added Luther. Trenchev seconded this notion that traditional financial firms, including the credit card giants, have been building salients into the crypto world for some time. In 2021, Mastercard purchased CipherTrace — a leading cryptocurrency intelligence company — to enhance its crypto capabilities, while in June 2023, Mastercard announced its Multi-Token Network, an initiative “designed to make transactions within the digital asset and blockchain ecosystems secure, scalable and interoperable,” according to the firm’s executive vice president Raj Dhamodharan. We’re introducing Mastercard Multi-Token Network to make transactions within this ecosystem secure, scalable and interoperable as part of our commitment to support the wider #digital asset industry. https://t.co/Vb1JtnSTjx#blockchain pic.twitter.com/MwkkxbyAuk — Mastercard News (@MastercardNews) June 29, 2023 Visa began supporting the Circle’s USD Coin (USDC) in certain Visa cards in 2020 and followed up in September 2023 by supporting USDC payments settled on the Solana blockchain. Building new connections is what such firms are designed to do. “The core strategy of the payment rails like Visa and Mastercard is to be the network of networks, penetrating any and all venues where exchange takes place,” Lex Sokolin, managing partner at venture capital firm Generative Ventures, told Cointelegraph. “Integrating into the networks of Web3 is the most natural thing for these companies,” said Sokolin, “even less ‘risky’ than it is for asset managers to sell crypto as an investment product.” The question is no longer whether crypto will be a part of mainstream payments and financial services, but rather, how big a part crypto will play, Wasick observed, adding: “So while crypto might still be a relatively small part of payments and financial services — as compared to cash, say — crypto’s dent is getting deeper.” Betraying core principles? Much work still awaits. Some worry about security or loss of privacy. Others fear a growing trend toward financial centralization, which crypto was designed to counter. There are also compliance and tax questions. “I think the primary reason why crypto holders — at least American holders — balk at using crypto for payments is the same as it has been for years: United States tax law,” said Wasick. People don’t want to have to think about tax ramifications every time they purchase a cup of coffee. “But doing it directly with a payment platform like Visa is arguably easier than prior payment methods.” Some crypto purists may view the entry of credit card giants into the space as a further betrayal of the original promise of Bitcoin and other cryptocurrencies for decentralized money beyond the control of any single party, company or government. Luther gave voice to something along these lines. While welcoming the support of Visa and Mastercard, “I also think it is important to recognize the shortcomings.” Yes, they will make it easier to use cryptocurrencies to buy things, “but they do so at the expense of some of crypto’s promise.” More specifically: “They tend to reduce — and, in some cases, completely eliminate — the financial privacy and censorship-resistant features of cryptocurrencies.” Those features are important, Luther added, and he hopes that future developments “will make it easier to use cryptocurrencies in routine transactions while preserving a high degree of anonymity.” Instilling confidence? Finally, what does all this mean in terms of adoption? Crypto adoption is still relatively low — at least as a percentage of the world’s population. And those who own it are often “just holding cryptocurrencies in hopes of price appreciation,” Luther added. But there is another way of looking at things. In this view, crypto is already a part of mainstream payments and financial services. “Some institutional investors hold cryptocurrencies. We have access to crypto futures and ETFs,” said Luther, and a soaring number of payment apps are making sending and receiving cryptocurrencies easier than ever. Related: Is a US stablecoin bill just around the corner? Visa’s new collaboration is also significant because of the impact that it could potentially have on people who, until now, have been hesitant to embrace cryptocurrencies — i.e., not just current wallet holders. The giant credit card companies could give crypto fence-sitters the confidence to act. If so, a sort of virtuous cycle could emerge because as “people become more comfortable with payment solutions, those solutions become more ubiquitous,” said Wasick. “There’s still a long way to go,” Luther summarized. “But cryptocurrencies have come a long way already.”

3 days ago
Coinpedia
Coinpedia
followers

The post SOL Trader Believes This Coin Under $1 Will Lead the 2024 Bull Run with Solana and Ethereum, Admits Buying Since January appeared first on Coinpedia Fintech News A prominent SOL trader has gained attention by expressing strong conviction in Retik Finance, an under $1 coin poised to lead the anticipated 2024 bull run alongside established players like Solana and Ethereum. With transparency about their investment journey, the SOL trader admits to accumulating Retik Finance since January, signalling confidence in its potential for significant growth. Meet the SOL Trader As a seasoned trader within the SOL community, the SOL trader brings valuable insights and perspectives to the table. With a keen eye for emerging opportunities and a track record of successful investments, their endorsement of Retik Finance carries weight within the crypto community. By openly sharing their investment journey and rationale, the SOL trader provides valuable guidance for investors seeking to capitalize on the next big opportunity in the market. Retik Finance: The Under $1 Coin with Potential Priced at under $1, Retik Finance represents a compelling investment opportunity within the cryptocurrency landscape. Despite its modest valuation, Retik Finance boasts a robust ecosystem and innovative features that position it as a contender for leadership in the upcoming bull run. As we delve deeper into the fundamentals of Retik Finance, it becomes evident why the SOL trader sees immense potential in this emerging project. At a mere $0.12 per token, Retik Finance provides an affordable entry opportunity for investors looking to tap into the rapidly expanding decentralized finance (DeFi) sector. Moreover, Retik Finance has undergone an extensive audit carried out by Certik, a highly esteemed blockchain security firm, affirming the platform’s trustworthiness and robustness. Additionally, Retik Finance’s strategic endeavours, exemplified by its recent giveaway event worth $333,000, have been instrumental in encouraging investor participation and cultivating a vibrant sense of community engagement. Key Factors Driving Bullish Sentiment Retik Finance leverages cutting-edge technology to offer a comprehensive suite of decentralized finance (DeFi) solutions, including futuristic DeFi debit cards, smart crypto payment gateways, and AI-powered peer-to-peer lending. These innovative features cater to the evolving needs of users in the DeFi space, distinguishing Retik Finance as a promising project with long-term potential. Behind Retik Finance lies a solid foundation, characterized by a talented team of developers, a clear roadmap for future development, and strategic partnerships aimed at enhancing its credibility and adoption. These strong fundamentals instill confidence in Retik Finance’s ability to deliver on its promises and achieve sustainable growth over time. Retik Finance has garnered a dedicated community of supporters who actively contribute to its ecosystem through engagement, advocacy, and participation in community-driven initiatives. This grassroots support fosters a sense of community ownership and solidarity, driving Retik Finance’s momentum and visibility within the crypto space. With increasing interest in cryptocurrencies, institutional adoption, and favourable regulatory developments, the market dynamics are conducive to Retik Finance’s growth trajectory. As investors seek alternative investment opportunities beyond established players like Solana and Ethereum, Retik Finance emerges as a compelling option with the potential for significant upside. The SOL trader’s admission of buying Retik Finance since January highlights the importance of early adoption in identifying promising projects with substantial growth potential. By accumulating Retik Finance at an early stage, the SOL trader positions themselves for maximum returns as the project gains traction and recognition within the crypto community. The SOL trader’s bullish outlook on Retik Finance carries significant implications for investors seeking to capitalize on the anticipated 2024 bull run. By recognizing the project’s potential to rival industry giants like Solana and Ethereum, the SOL trader provides valuable insights into emerging opportunities within the crypto market. Investors may consider following the SOL trader’s lead and accumulating Retik Finance at its current under $1 price point, leveraging its growth potential and innovative features to generate substantial returns in the long term. However, investors need to conduct thorough due diligence, assess risk factors, and align investment decisions with their financial goals and risk tolerance levels. While Retik Finance shows promise, investing in cryptocurrencies carries inherent risks, including market volatility, regulatory uncertainty, and technological vulnerabilities. By exercising caution and prudence, investors can mitigate risks and maximize potential rewards in their journey towards financial success. The SOL trader’s endorsement of Retik Finance as the under $1 coin poised to lead the 2024 bull run alongside Solana and Ethereum underscores the project’s potential for significant growth and disruption within the cryptocurrency landscape. With innovative technology, strong fundamentals, growing community support, and favorable market dynamics, Retik Finance emerges as a compelling investment opportunity for investors seeking alpha in a competitive market. As investors evaluate their investment strategies and assess potential opportunities, the SOL trader’s insights offer valuable guidance and inspiration for identifying promising projects and capitalizing on emerging trends within the crypto space. By recognizing Retik Finance’s potential early on and accumulating positions since January, the SOL trader exemplifies the importance of strategic foresight and early adoption in achieving investment success in the dynamic and rapidly evolving world of cryptocurrency investing. About Retik Finance Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

3 days ago
Crypto-leader
Crypto-leader
followers

$INJ $XRP $RUNE 📈 🚀 📉 🤑 📊 🌞 Good morning, fellow traders and crypto enthusiasts! 🌞 🌟 Exciting news ahead in the world of cryptocurrency! 🌟 Today, we're witnessing a significant development in BTC's price action: a DOUBLE-BOTTOM REJECTION. This signals a robust indication that further downward movement may be unlikely. 📈💪 Nevertheless, it's crucial to maintain a vigilant watch as BTC approaches its SUPPORT levels. 🧐 Should a BREAKOUT occur, we'll be poised to seize the opportunity and leverage the momentum across various other coins. 🚀💰 📌 In anticipation of potential BTC fluctuations, I've outlined some coin suggestions along with their corresponding buy zones for your consideration: 🛒 #OpportunityKnocks SOL (Solana) at 92_93 🌞ARB (Arbitrum) at 1.66-1.68 🔄SUI (Sui) at 1.35-1.42 🍣INJ (Injective Protocol) at 29.5-30.5 💉RUNE (Thorchain) at 4.4-4.5 🔨XRP (Ripple) at 0.52-0.525 🌊GALA (Galactic Games) at 0.023-0.0235 🎮 👉👉Remember, if BTC demonstrates rejection and initiates an upward trajectory, we'll be prepared to enter at current market prices, positioning ourselves for potential future gains! 🌊🤑 👉👉Stay tuned for more updates as we embark on this thrilling crypto journey together! 🚀🌟 #Write2Earn #TrendingTopic #INJ/USDT/ #XRP🚀

3 days ago
TheVRSoldier
TheVRSoldier
followers

As the majority of assets in the cryptocurrency sector commence to reverse the exceptionally bullish gains from prior weeks, some are correcting more swiftly and more intensely than others, including Solana (SOL), which has shed over $3 billion from its market cap in a solitary day. On the other hand, Solana’s market cap has dwindled by over 6% in the last 24 hours, having descended from $48.58 billion to $45.54 billion during this period, signifying a depletion of $3.04 billion to its market value, as per data acquired from the crypto analytics platform CoinMarketCap on February 21. Solana price is dipping In the interim, the valuation of Solana has dipped 6.07% in the past 24 hours, accumulating to the loss of 10.78% across the last seven days, but nevertheless still adhering to the 16.94% total gain amassed over the antecedent month, and at the writing time is exchanging at $103.41. Why is Solana declining? Notably, the bearish streak aligns with the general alteration in sentiment across the broader crypto market, which appears to possess sufficient impact to counterbalance the affirmative developments for Solana, encompassing its decentralized finance (DeFi) ecosystem exceeding $2 billion for the first time since June 2022. Indeed, the total value locked in DeFi projects on the Solana network briefly transcended the $2 billion threshold on February 20, with the current value staked on it standing at $1.95 billion, in accordance with the most recent information retrieved from the DeFi analytics platform DefiLlama on February 21. DefiLlama On top of that, the layer 1 blockchain has declared integration with the decentralized file storage network Filecoin (FIL) to host Solana’s block history in the future, enabling the ecosystem and Solana-based projects to shift away from centralized data storage solutions. I am really excited to see this launch. Huge thanks to @Filecoin for building an awesome decentralized archive layer. And to @triton_one, who did a ton of work to ship this! https://t.co/d08obtlrfl — toly (@aeyakovenko) February 17, 2024   Subsequent to the news, the value of Filecoin promptly started to rally and has surged 24% since the announcement, amassing to the gain of 32.77% on its weekly chart. Nonetheless, Solana has failed to replicate this surge and jeopardizes descending further as its relative strength index (RSI) dips below 50. The current market cap of SOL is $46.32B at the time of writing.  Hackers are coming up with more ways to steal crypto The Solana ecosystem is becoming a popular target for crypto scammers. At the beginning of January, Bloclaid analysts spoke about the online community of one popular wallet drainer. It has more than 6 thousand active participants.  Earlier, malware for draining wallets was discovered by Kaspersky Lab specialists. A new pirated program created for the macOS system helps attackers gain access to the user’s computer password. The post Solana: $3 Billion Market Cap Drain Amidst Crypto Correction first appeared on The VR Soldier.

4 days ago
Kri
Kri
followers

As the majority of assets in the cryptocurrency sector start to reverse the exceptionally bullish gains from previous weeks, some are correcting faster and more intensely than others, including Solana (SOL), which has lost over $3 billion from its market capitalization in a single day. Specifically, Solana’s market cap has declined by over 6% in the last 24 hours, having dropped from $48.58 billion to $45.54 billion during this time, which represents a loss of $3.04 billion to its market value, as per data obtained from the crypto analytics platform CoinMarketCap on February 21. Solana price analysis In the meantime, the price of Solana has dropped 6.07% in the past 24 hours, adding up to the loss of 10.78% across the last seven days, but nonetheless still clinging to the 16.94% total gain accumulated over the previous month, and currently trading at $103.41. Why is Solana declining? Notably, the bearish streak coincides with the general change in sentiment across the wider crypto market, which seems to have enough impact to counter the positive developments for Solana, including its decentralized finance (DeFi) ecosystem surpassing $2 billion for the first time since June 2022. Indeed, the total value locked in DeFi projects on the Solana network briefly crossed the $2 billion threshold on February 20, with the current value staked on it standing at $1.98 billion, according to the most recent information retrieved from the DeFi analytics platform Defi Llama on February 21. On top of that, the layer 1 blockchain has announced integration with the decentralized file storage network Filecoin (FIL) to host Solana’s block history in the future, allowing the ecosystem and Solana-based projects to move away from centralized data storage solutions. Upon the news, the price of Filecoin immediately started to rally and has increased 24% since the announcement, adding up to the gain of 32.77% on its weekly chart. However, Solana has failed to mimic this surge and threatens to fall further down as its relative strength index (RSI) dips below 50. #sol #Write2Earn

4 days ago

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