Category: Cryptocurrency News

Compressed NFTs (cNFTs) are space-efficient NFTs, and to mint them, you need to use a platform that supports cNFT compression and follow the minting process.

Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve’s rate cut. The Solana price succumbed to the bearish pressure and fell beneath $200 for the first time in over a month. While the price of SOL has continued its downward spiral in the past day, a prominent crypto analyst on X believes that the altcoin might be gearing for a rebound already. Below is how the Solana price could course-correct and resume its bullish trend. Can SOL Price Reclaim $200 Again? In a post on the X platform, crypto pundit Ali Martinez shared an interesting insight into the current Solana price action. According to the analyst, several indicators and formations are pointing to a rebound for the altcoin’s price. Related Reading: SUI Shows Strong Bullish Comeback: Breakout Above $4.98 In Sight This prediction revolves around quite a number of indicators and chart formations. Firstly, Martinez noted that the price of Solana appears to be testing a key support zone between the $188 and $179 region. As shown in the chart above, this price zone has served as a significant resistance level in the past — from March to November. Typically, when the price flips a resistance zone, the level tends to act as a significant support should the price return to it. Besides the cost basis of investors, the Relative Strength Index (RSI) is also pointing to a potential rebound for the Solana price. The RSI, which tracks an asset’s overbought and oversold levels, is currently at 31.72. According to Martinez, this RSI level has acted as support in the past, with the Solana price traveling to new swing highs on each occasion. Monitoring this indicator could provide the right time to enter a long position for the altcoin. Furthermore, the stochastic RSI is currently at oversold levels, suggesting that the price might be ready for a reversal. The Stoch RSI differs from the regular indicator in terms of the sensitivity and timeliness of its signals. Martinez did not specify a target for the Solana price should the indicator signals prove true. However, a glance at price action data shows that the altcoin’s price tends to at least return to its previous swing high whenever it finds support at the aforementioned levels. Solana Price At A Glance As of this writing, the price of Solana is hovering around $180, reflecting a disappointing 6% decline in the past 24 hours. The cryptocurrency’s performance is even much worse on the weekly timeframe, having dropped by nearly 17% in the last seven days. Related Reading: Bitcoin Will Test ATH Once It Breaks This Strong Supply Zone – Details Featured image from Dreamstime/Aivaras Sakurovas, chart from TradingView

Regina steps into a world where in-game victories earn real-world rewards, in a game merging cutting-edge blockchain with classic battle royale fun. Quick Recap from Fableborne Fableborne by Pixion Games is a mobile action RPG combining strategic base-building with fast-paced asynchronous PvP combat. Players raid kingdoms with unique heroes like Glint, Rift, and Shade, while […]

submitted by /u/kirtash93 [link] [comments]

Bitcoin has had a whirlwind few days, hitting an all-time high (ATH) last Tuesday before tumbling into a sharp 15% correction. This period of heightened volatility has left investors divided, with some expecting a continued uptrend while others brace for more downside. The market is closely watching Bitcoin’s ability to reclaim its bullish momentum. Related Reading: XRP Whales Loading Up – Data Reveals Buying Activity Top analyst Ali Martinez has highlighted critical data from the Bitcoin cost basis distribution, pointing to $97K as a crucial support level. Martinez stresses that holding this level is essential for BTC to maintain its uptrend and fend off deeper corrections. However, Bitcoin’s price action remains uncertain as it struggles to break through the psychological barrier at $100K. While many investors see the recent correction as a healthy reset after BTC’s meteoric rise, the failure to push higher could signal a more prolonged consolidation phase. With Bitcoin trading near pivotal levels, the coming days will be critical in determining whether it will resume its climb to new highs or face additional headwinds. Bitcoin Holding Above Key Demand Bitcoin is holding steady above a critical demand level around $97,000, offering a beacon of hope for bulls after recent volatility. This stability follows a brief test of lower demand at $92,000, which reinforced the market’s ability to absorb selling pressure. While the short-term recovery is encouraging, the price remains at a pivotal point that could determine its trajectory heading into the new year. Martinez recently shared insights from the Bitcoin cost basis distribution, emphasizing the importance of the $99,000–$97,000 range. His data highlights this zone as the most significant support threshold for Bitcoin, acting as a critical line in the sand for the current uptrend. However, Martinez warns of the potential downside risk if Bitcoin fails to hold this range: “We really don’t want this level to become resistance.”   As Bitcoin consolidates near these key levels, sentiment across the market remains indecisive. Bulls are eager to see BTC reclaim momentum and push toward all-time highs, but the psychological resistance around $100,000 continues to loom large. Meanwhile, bears argue that the recent pullback could be a sign of an impending larger correction. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details The coming days will be crucial as the year draws to a close. With market participants looking for clarity, Bitcoin must hold this critical support zone or risk losing its bullish structure. Whether the next major move is up or down will depend heavily on how BTC reacts within this price range. BTC Testing Liquidity  Bitcoin is trading at $97,000, showing resilience after rebounding from local lows of $92,000. This bounce highlights the market’s strong demand at lower levels, reinforcing the bullish narrative for now. The price structure remains intact above $97,000, indicating that BTC is well-positioned to stage another rally toward its ATH. However, the $100,000 psychological barrier looms large as the next major hurdle for bulls. This level has proven difficult to overcome, with previous attempts falling short. A successful breakout above $100,000 in the coming days would likely reignite bullish momentum and set the stage for Bitcoin to reach new ATHs, restoring confidence among investors and traders. Related Reading: BTC Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn? On the flip side, failure to breach this critical resistance could trigger a less favorable scenario. If Bitcoin struggles to gain traction above $100,000, market sentiment may waver, leading to increased selling pressure. In such a case, BTC could face another downturn, testing key support levels once again. Featured image from Dall-E, chart from TradingView 

Found two block on ravencoin solo mining in the past 24 hours,with a hashrate at 56MH/s submitted by /u/WilsonYing [link] [comments]

Welcome to the Ethfinance Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. r/ethereum is now a mullet. Tech on the front page. Party in the daily! All technical and big news items…
Read more

submitted by /u/Every_Hunt_160 [link] [comments]

Permianchain, a subsidiary of UAE investment firm Hodler Investments, partnered with Vertical Data to offer modular and portable data center solutions using Vertical Data’s GPU-as-a-service technology. Bringing High-Performance AI to the Data Permianchain, a subsidiary of UAE-based investment firm Hodler Investments, has partnered with Vertical Data to advance modular and portable data center solutions through […]