Solana DApp volumes shed 10%, but a rally to $230 is still possible
Solana’s lead over competitors and strong inflows support further bullish momentum even if the network saw a 10% drop in DApp activity.
Auto Added by WPeMatico
Solana’s lead over competitors and strong inflows support further bullish momentum even if the network saw a 10% drop in DApp activity.
Bitcoin’s recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
Bitcoin’s fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
Sustained buying by institutional investors pushed Bitcoin above $100,000, opening the doors for a retest of the all-time high.
US spot Bitcoin ETFs have contributed to 100% of the record-breaking $44.2 billion crypto ETF inflows in 2024, according to CoinShares.
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
The stablecoin is also more widely distributed across blockchain networks.
