Crypto Ethone

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...

  In a move highlighting the growing intersection of traditional finance (TradFi) and blockchain technology, Hamilton Lane, one of the world’s largest asset managers, has announced the launch of a private credit fund on the Solana (SOL) blockchain.  The fund, named Senior Credit Opportunities Fund (SCOPE), will now be accessible to investors through the Solana network, according to a recent report by Fortune.  Institutional Fund Directly On The Solana Blockchain Hamilton Lane, which has over $290 billion in assets under management, has partnered with Libre, a Web3 protocol developed by Brevan Howard’s WebN Group and Nomura’s crypto firm Laser Digital to facilitate this initiative.  According to Fortune, Libre will serve as the “backbone infrastructure,” enabling the issuance and distribution of tokenized real-world assets (RWAs) on-chain.  With this, Hamilton Lane aims to expand its distribution channels and reach a broader range of investors, including the “ma...

Nate Geraci, President of ETF Store, has projected that an exchange-traded fund (ETF) combining spot Bitcoin BTCUSD , Ethereum ETHUSD , and Solana SOLUSD could be on the horizon.  Geraci’s track record for predicting trends in the crypto ETF sphere lends significant weight to his forecast. This move could diversify how investors engage with crypto merging traditional investment mechanisms with the field of digital assets.  Consequently, this indicates a potential expansion in the variety of crypto investment products available to investors. Nate Geraci Predicted an Index-Based Crypto ETF Geraci suggested that issuers might soon file for a combined spot BTC, ETH, and SOL ETF. “We’re quickly heading down a path towards index-based and actively managed crypto ETFs,” Geraci said.  Despite Geraci’s optimism, not everyone shares his confidence. Skeptics point to regulatory hurdles, especially concerning Solana. “Solana was already targeted by enforcement actions for being an un...

  The long-awaited and highly anticipated 'Firedancer' independent validator client for the Solana blockchain, built by Jump Crypto, will soon begin its first bug bounty program.  The program, which was announced by pseudonymous developer Cantelope Peel, will begin on July 10 and last 6 weeks. The program, powered by Immunefi, will distribute a maximum of $1 million to developers who find significant bugs in Firedancer v0.1, nicknamed "Frankendancer," the first version of the client.  Work on Firedancer appears to be progressing well, according to Cantelope Peel, who wrote on X that "Millions of slots of execution have been tested and match the Solana protocol."  The Firedancer client is meant to boost Solana's resiliency, as any issues with the current spate of clients could mean big problems for the blockchain. Furthermore, Firedancer is implemented in C/C++ which optimizes the client for the high-frequency trading Jump is known for.  "Given Solan...