By November 2024, Ethereum ($ETH) has significantly increased its transaction dominance, now accounting for approximately 40% of all blockchain activity. This consistent growth throughout the year is a testament to Ethereum’s scalability and its expanding role in decentralized applications (dApps) and smart contracts. By November 2024, Ethereum’s transaction dominance has increased significantly, reaching approximately 40%. Throughout 2024, $ETH consistently demonstrated growth in transaction dominance. This rise can be attributed to its scalability and growing popularity in decentralized… pic.twitter.com/jl1edyaC0E — Slim Daddy ???? ₿ (@felixreads) November 29, 2024 Meanwhile, Bitcoin’s dominance has dipped to 61.5%, as the $ETH/$BTC trading pair surged 17.8% this week, reaching 0.03760 and aiming for the psychological milestone of 0.0400. The rally is fueled by growing market confidence in Ethereum’s ecosystem and its capacity to scale alongside increasing adoption. Bitcoin dominance dips to 61.5% as $ETH /$BTC surges 17.8% this week to 0.03760, aiming for 0.0400. $ETH ETFs are stealing the spotlight with $90M inflows on Wednesday, marking a 4-day streak. Big moves brewing in the market. pic.twitter.com/QP5mAwYBzD — Kyledoops (@kyledoops) November 29, 2024 Ethereum ETFs Makes Massive Moves Ethereum Exchange-Traded Funds (ETFs) are also making waves. With $90 million in inflows on Wednesday alone, $ETH ETFs have seen a four-day streak of strong investment interest, spotlighting institutional confidence in Ethereum’s long-term potential. However, not all Ethereum-related activity is bullish. Winslow Strong, director of the Qualia Research Institute, recently deposited 9,380 $ETH (valued at $33.7 million) to Coinbase. Over the past month, Strong has offloaded the majority of his $ETH holdings, selling 14,233 $ETH (worth $48.8 million) at an average price of $3,431 since Ethereum began its rebound in early November. Another $ETH whale has unloaded $ETH ! Winslow Strong ( @winslow_strong ), director of the Qualia Research Institute, deposited 9,380 $ETH ($33.7M) to #Coinbase 2 hours ago. Since $ETH began rebounding in early November, he has offloaded most of his remaining $ETH holdings,… pic.twitter.com/M8xHCq4Yyt — Spot On Chain (@spotonchain) November 29, 2024 Despite this significant sell-off, Ethereum’s broader performance highlights its growing influence in the crypto market. With rising transaction dominance, sustained investor interest in $ETH ETFs, and a strengthening $ETH/$BTC ratio, Ethereum continues to solidify its position as a leading blockchain platform. As Ethereum evolves, market participants are keeping a close eye on its trajectory, with many believing its increasing dominance could reshape the crypto landscape in the coming months. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: iloveotto/ 123RF // Image Effects by Colorcinch
NullTx
You can visit the page to read the article.
Source: NullTx
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Solana Price Prediction: Analyst Suggests SOL Could Target $5,000 This Bull Cycle But, This Token Could Deliver 50,000% Gains Before Christmas
A crypto analyst has suggested that the Solana price will rank as one of the top gaining token opportunities this bull cycle. The analysts predict that the Solana price could hit $5,000, and WallitIQ (WLTQ) , another emerging crypto gem, is poised to surge 50,000% before Christmas. Solana Price Surpasses ATH But This Analyst Sees A $5,000 Price Mark Ahead Two days ago, the Solana price hit its all-time high price and surpassed it reaching a new peak price of $263.93. This sudden price surge sparked more optimism for the Solana price as many investors think this is just the beginning. With the Solana price breaking its highest point, several experts including an anonymous analyst are rooting for Solana (SOL) to show more gains this bull cycle and deliver major profits for investors before Christmas. As more engagement brews on the Solana (DOL) network, mostly from its meme coins, the Solana price is expected to take further steps to higher levels. An analyst particularly predicted that the Solana price could cross over $4,000 and hit the $5,000 price mark this bull cycle. Following this analyst‘s projection for the Solana price, investors are on their toes as they keep tabs on Solana (SOL) and how it will perform especially with Christmas around the corner. The analyst prediction remains a speculation, however many traders and investors are optimistic as the Solana price holds as the token holds an 87% bullish sentiment on CoinMarketCap. For the record, Solana (SOL) has jumped by 50.56% in the past month. WallitIQ (WLTQ) Serves As A Golden Investment Opportunity In The Coming Bull Cycle Revered as one of the next best AI crypto token with immense potential for growth, WallitIQ (WLTQ) had succeeded in attracting a huge traction in its ongoing presale. WallitIQ (WLTQ) has drawn so much interest due to its advanced digital wallet network which utilizes artificial intelligence and machine learning in the best way possible, for the purpose of efficient user asset management and security. Expected to keep garnering traction in this bull cycle and give investors major profit before Christmas, WallitIQ (WLTQ) offers automated transaction features that allows both novice and experienced users to manage their crypto portfolios efficiently. This is bound to reel in more engagement on its network from both retail and institutional investors. Another feature that stands WallitIQ (WLTQ) out as a crypto AI token is its Physical 2 Digital (P2D) technology . With this advanced feature, users can securely convert and store physical documents within their digital wallets. This function makes asset management convenient while enhancing user experience. To top it off, these assets will remain safe as WallitIQ (WLTQ) has safeguard its network by undergoing an audit with SolidProof and integrating AI anomaly detection. In addition to its security, user accounts are safeguarded through biometric authentication, including facial recognition and fingerprint scanning. WallitIQ (WLTQ) also also simplifies cryptocurrency transactions with its Scan & Pay QR feature, which functions by allowing users complete transactions instantly through QR code scans. With this, users don’t need physical cash or cards. WallitIQ (WLTQ) is already experiencing massive interest in its presale where over $1.3 million have been accumulated as revenue. However, with more investments coming, experts expect its revenue to exceed expectations, with its token potentially experiencing a 50,000% surge in this bull cycle or before Christmas. At the moment, WallitIQ’s native token, WLTQ, is selling for $0.0171 in its initial presale stage, which is already elapsing. Conclusion With its native token already set to hit $0.0860 as its listing price, signifying a 403.51% jump from its current price, WallitIQ (WLTQ) is already signaling as a profitable Christmas investment choice. However, its unique and advanced AI features, this token may just meet up with analyst predictions of a 50,000% surge before the Christmas bull cycle. As a result, investors are anticipating its performance in this bull cycle. Join the WallitIQ (WLTQ) presale and community: Join WallitIQ (WLTQ) Presale Join the WallitIQ (WLTQ) Community The post Solana Price Prediction: Analyst Suggests SOL Could Target $5,000 This Bull Cycle But, This Token Could Deliver 50,000% Gains Before Christmas appeared first on TheCoinrise.com . NullTx
Analyst Says AI Altcoin That’s Up 4,000%+ in a Month Moving Extremely Well, Outlines Path Forward for Solana
Popular crypto analyst Altcoin Sherpa says that one red-hot artificial intelligence (AI)-related memecoin continues to show market strength after a massive surge. The pseudonymous trader tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy ( ACT ) is looking strong on the four-hour chart. According to the trader’s chart, ACT has broken through the .382 Fibonacci retracement level at $0.59 and continues to hold it as support at time of writing. “ACT is moving extremely well, huge move from some Elon [Musk] interaction. The technical analysis on it was actually very solid as well, though, as it built a base (didn’t quite go to $0.36 like I wanted). Big moves for all of these AI coins [November 29th], let’s see what happens.” Source: Altcoin Sherpa/X ACT is trading for $0.64 at time of writing, up more than 4,800% from its low of $0.0130 on November 5th. The Solana ( SOL )-based memecoin has a market cap of $616.8 million. Next up, the analyst suggests that Solana may trade sideways for many months between the $259 and $210 range on the weekly timeframe before potentially breaking out in late 2025. “SOL between $200-$250 in my opinion. Good time to accumulate.” Source: Altcoin Sherpa/X Solana is trading for $244 at time of writing, up 3.5% in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Says AI Altcoin That’s Up 4,000%+ in a Month Moving Extremely Well, Outlines Path Forward for Solana appeared first on The Daily Hodl . NullTx