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Solana (SOL 11.80%) was a red-hot growth story that increased by 100-fold between November 2020 and November 2021. Then it fell more than 85% from its all-time high in a matter of months. Solana suffered a pair of network outages in May and June, which added more downward pressure in conjunction with tumbling crypto and equity markets.  SOL — the native token of the Solana blockchain — is now less than $40. Here’s why it may be time to buy Solana and why Solana could even… Source link

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Friday. The crypto is up 348.87% to $0.3329846288 while the broader crypto market is up 3.19%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

The Ethereum (ETH 3.81%) blockchain network is about to get a huge facelift. The platform has been called slow, bloated, and inefficient, and its transaction fees have an annoying tendency to skyrocket when the network gets busy. All of these issues should go away in the Merge, an upcoming event that will create the long-awaited Ethereum 2.0 system. Test runs are firing off without any issues, and the Merge could take place as soon as August. Could the Ether token… Source link

Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability to seeing their margins squeezed. The dip to $17,600 — 70% below November’s… Source link

Crypto’s wealthiest billionaire is reportedly confident Bitcoin (BTC) will eventually spring back to its all-time high. However, his timeline is extremely forgiving. Binance CEO Changpeng Zhao tells The Guardian it could take anywhere from a few months to a couple of years before the flagship cryptocurrency returns to a record-high price. “I think given this price drop, from the all-time high of $68,000 to $20,000 now, it will probably take a while to get back. It probably… Source link

Hackers have struck layer 1 blockchain Harmony’s Horizon bridge, stealing $100 million in cryptocurrency. The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had “identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM.” It went on to add that the address of the culprit had been identified and that the Harmony team are working with “national authorities and forensic specialists” to retrieve the stolen… Source link

Due to multiple different contributing factors like elevated inflation, the war in Ukraine and rising interest rates, crypto has had another bad start to June. This has seen some of the crypto giants like Bitcoin and Ethereum go down more than 35 per cent, with Bitcoin being at its lowest point in 18 months. Crypto experts all saw the massive drop of stablecoin TerraUSD at the beginning of May, so some analysts would say they predicted this bearish run would come. Crypto analysts and… Source link

MF3d/E+ via Getty Images Thesis Summary Ethereum (ETH-USD) is close to undergoing a historic change in its protocol. The much-awaited “merge” will switch Ethereum’s consensus mechanism to Proof-of-Stake, which should help make the network more efficient. The ETH merge won’t fix all of the network’s problems and comes with its own new issues. However, I believe the merge will ultimately be successful and bullish for ETH, so I am recommending you buy the dip. The Merge: What, When… Source link

It’s said that the ability to upgrade is important. All hail Ethereum as the network awaits the ‘Gray Glacier’ upgrade. In the coming days, the upgrade will be introduced to the mainnet. It is built to further delay the Ice Age (Difficulty Bomb) by roughly 100 days. The Ethereum network will be undergoing the upgrade at block 15,050,000, which is expected to occur on 29 June. Here, it’s important to note that Gray Glacier will not be deployed on any testnet. Binance… Source link

Scaramucci was philosophical about recent crypto debacles, including the collapse of the terraUSD stablecoin (UST) and the luna token that supported it, and the liquidity problems afflicting crypto hedge fund Three Arrows Capital. “I’ve seen those mistakes made several times,” he said. Source link