Crypto Ethone

 

  Artrade, the first art   tokenization   marketplace on   Solana , has reached a significant milestone by digitizing an original Picasso artwork. With a market capitalization of $180 million and over 6,000 active users, the platform is transforming the art market with its ATR token. Artrade: A Marketplace Innovating Digital Art Artrade, the platform enabling artists to convert their physical creations into Real World Assets (RWA) on the Solana blockchain , has set a groundbreaking precedent by announcing the first tokenization of an original work by Pablo Picasso. Since its initial fundraising round of $7 million in 2021, Artrade has built a functional marketplace with more than  6,000 regular users, reaching a market capitalization of $180 million in January 2024 . Artrade’s technology is anchored in its REAL protocol and the use of NFC chips, which enable the seamless conversion of physical artworks into digital assets while ensuring fail-proof traceability b...

BlackRock’s iShares Bitcoin Trust (IBIT) ETF options, launched on Nov. 19, 2024, saw an unprecedented $1.9 billion in notional exposure on its first day of trading. BlackRock’s iShares Bitcoin Trust (IBIT) ETF options, launched on Nov. 19, 2024, saw an unprecedented $1.9 billion in notional exposure on its first day of trading. This record-breaking volume, spread across 354,000 contracts, marked a significant milestone in the cryptocurrency and ETF markets. According to Bloomberg’s ETF analysts, the figures were "unheard of for day one," especially when compared to the $363 million in notional exposure seen by the ProShares Bitcoin Strategy ETF (BITO) when it debuted four years ago. The bulk of the trades were call options—about 289,000—suggesting that most investors are betting on Bitcoin’s price rising further. Only 65,000 put options were traded, highlighting the market’s bullish sentiment. Bitcoin responded to the options launch with a sharp price increase, hitting an a...

  Solana (SOL) is trading just 6% below its all-time highs, fueled by a remarkable 16% surge from the $212 demand level.  The rally has caught the attention of traders and investors alike, as SOL’s price action showcases a strong uptrend.  Top crypto analyst Johnny shared his technical analysis on X, predicting that Solana may retrace to its previous yearly highs before launching a new attempt to break its all-time highs.  This forecast comes during a period of euphoria, with SOL delivering a stunning performance by soaring over 55% in less than two weeks.  The rapid climb has positioned Solana as one of the market’s standout assets, driven by increasing demand and strong fundamentals.  However, Johnny’s outlook suggests a healthy pullback could be on the horizon, potentially offering a key buying opportunity before SOL challenges its historic price levels.  With SOL’s recent performance reigniting optimism in the crypto space, all eyes remain on its ...

  The rate of Solana SOL/USD has increased by 5.43% over the last 24 hours. On the hourly chart, the price of SOL is rising after a breakout of the local resistance of $212.38.  If the growth continues and the daily bar closes far from that mark, there is a chance to see a test of the $230-$240 zone. On the biggest time frame, the rate of SOL keeps growing after yesterday's bullish closure.  In this case, traders should focus on the closure in terms of the $215.27 level.  If buyers can hold the gained initiative, the upward move is likely to continue to the $240 range. On the weekly chart, the price of SOL has accumulated enough energy for midterm growth.  In this regard, the rise may lead to a test of the $250 mark by the end of the month.  SOL is trading at $218 at press time.

  Make sure to link your Solana wallet to your Grass account by Monday , September 30th , 8PM ET to be eligible for the first airdrop . GRASS announcement: X

  Solana is collaborating with Google Cloud to shape the future of gaming.  The partnership is centred around Gameshift, a product by Solana Labs, which offers a comprehensive range of Web3 primitives and actions necessary for games.  This partnership aims to power Web3-enabled gaming, leveraging Solana’s blockchain technology capabilities.  SOL Info Solana SOLUSD is a high-performance blockchain platform designed for decentralized applications and crypto-currencies.  It aims to improve blockchain scalability by introducing a proof-of-history consensus combined with the underlying proof-of-stake consensus of the blockchain.  Solana’s architecture allows for short processing times with the ability to scale as the ecosystem grows, potentially up to 65,000 transactions per second.  The native cryptocurrency, SOL, is used for transaction fees and for staking in the network’s consensus mechanism.  Its primary goal is to provide fast, secure, and scalab...

  Former President Trump plans to launch his cryptocurrency platform World Liberty Financial on Monday in an address from Mar-a-Lago.  “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday afternoon on social platform X.  The launch, which will take place on X’s Spaces  https://x.com/realDonaldTrump  at 8 p.m. EDT Monday, was also advertised in the video as a “state of crypto address” with the Republican presidential nominee.  Trump teased the crypto project last month in a post on his own social media platform, Truth Social.  “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand — together,” Trump wrote, linking to a Telegram channel called “The DeFiant Ones.”  The Telegram channel has since been renamed “World Liberty Financial” and is described as the “Official Trump DeFi Channel.”  D...

  This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH)  Ethereum continued its downtrend this week and broke below the key support at $2,400, closing with a 6% loss.  This puts bears back in charge of the price action.  If buyers don’t show up soon, ETH may go to $2,000 next.  So far, this cryptocurrency has not made a lower low compared to the drop on August 5th, but it has made a lower high.  This reinforces the bearish bias and does not give much hope for a reversal at this time.  On the contrary, the price could revisit the lows from early August.  Looking ahead, Ethereum is in a difficult spot and may pull down most of the altcoin market if it fails to reverse this trend. Ripple (XRP)   XRP is right on the 54 cents support, with sellers keen to push it under.  The price closed the week with a 4% loss, and the momentum is bearish. If nothing changes, the current support may be lost s...

Former Goldman Sachs analyst Murad Mahmudov has predicted that dogwifhat (WIF) is going to be a Solana-based meme coin that is set to outperform in 2025.  The analyst pointed out to the fact that the WIF community has the most impactful and efficient holders with at least $1K in WIF tokens.  According to CoinGecko data, WIF is currently the fourth-biggest meme coin with a market cap of $1.47 billion.  The meme cryptocurrency is currently changing hands at $1.48 after slipping by nearly 2% over the past 24 hours. WIF to $88?  Cryptocurrency research firm Cryptonary recently predicted that the price of Dogwifhat (WIF) could eventually surge to $88 if the meme coin starts a "supercycle."  For this to happen, it would have to replicate the success of meme coin giant Dogecoin DOGEUSD .  The firm has noted that the coin has managed to organically achieve "escape velocity," meaning that it could potentially achieve growth without constantly needing some external f...

  Grass Confirms Airdrop Rewarding 2M+ Beta Users: Here's What We Know After months of speculation, Solana’s AI Data Layer finally confirmed what many users have eagerly anticipated. It was almost a certainty, but Solana users were nonetheless relieved to hear that  Grass  has officially confirmed an upcoming airdrop. Running since the 13th of July, Grass' seventh epoch has come to an end. Celebrating the success of its closed beta, the milestone marks the end of a growth period that began with a closed alpha program in June 2023. Grass announced that an airdrop was indeed on the horizon, with a usage snapshot of contributors “being taken”.  Aiming to decentralize data collection and management used for AI training, Grass enables contributors to repurpose their unused device bandwidth. This way, anyone can be involved in the growth and development of AI, while potentially earning rewards. What can we expect from a Grass airdrop? Here’s What We Know Boasting ove...

Solana continues to showcase a positive price movement as it outperforms the rest of the market. This recent surge in value allowed Solana to surpass Binance Coin (BNB) in market capitalization rankings last week, marking a significant milestone for the digital asset. Delving deeper into its performance, technical analysis suggests that Solana’s bullish trend is likely to persist into the coming week. Indicators point to sustained momentum, which could see its price continue to climb. Captain Faibik stands out with a particularly bold prediction. The crypto analyst forecasted a substantial rally for Solana, projecting its price could soar to as high as $1,000 . Bullish Breakout For Solana Technical analysis shared on social media platform X by renowned crypto analyst Captain Faibik has brought attention to a significant development for Solana’s price. According to his analysis, recent price movements have caused Solana to break out of a bullish pennant formation on the weekly timefram...

Recent events have brought Solana (SOL) to the spotlight, drawing in both experts and investors due to its notable price gain. According to market expert Ali Martinez, the price of Solana is likely to see a remarkable growth of 900%, which will ultimately result in the price reaching $1,630. Based on his prognosis, Solana might be about to perform better in the coming weeks or months. This is because it has recently displayed a pattern called a “bull pennant”, which in technical lingo usually means the price is set for a big ascent. The next period of stabilization, during which volatility dropped and price action became more narrow, led to the pennant shape. Martinez says that Solana’s recent break above the top trendline of this pennant is a strong sign that prices will go up. This big step forward and last week’s 20% rise show that the market’s mood has changed a lot. Market Situation Shows Mixed Signs Notwithstanding the hopeful estimate, the state of the current market shows a mix...