<![CDATA[<figure class="image"><img src="https://cimg.co/news/124381/328369/image.jpg" alt="" srcset="https://cimg.co/news/124381/328369/responsive-images/image___media_library_original_1280_853.jpg 1280w, https://cimg.co/news/124381/328369/responsive-images/image___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/124381/328369/responsive-images/image___media_library_original_900_600.jpg 900w, https://cimg.co/news/124381/328369/responsive-images/image___media_library_original_720_480.jpg 720w, https://cimg.co/news/124381/328369/responsive-images/image___media_library_original_600_400.jpg 600w, https://cimg.co/news/124381/328369/responsive-images/image___media_library_original_300_200.jpg 300w" width="1280" class="content-img"><figcaption>Source / Sam Cooling x RaniRamli</figcaption></figure>Solana (SOL) is defying expectations, as SOL price action continues to tumble despite bullish fundamental news following Visa USDC integration.The tumultuous price action comes following the <a href="https://cryptonews.com/news/solana-price-prediction-as-excitement-around-visa-partnership-grows-can-sol-reach-1000.htm">announcement</a> that payment-processing giant Visa will be expanding their USDC Stablecoin Settlement pilot program across to Solana.<figure class="media"><oembed url="https://twitter.com/solana/status/1699032833371591141?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1699032833371591141%7Ctwgr%5E20d0bd03c04209f3d5e27a6133f7d42c8988fb87%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fsolana-price-prediction-as-excitement-around-visa-partnership-grows-can-sol-reach-1000.htm"></oembed></figure>The move is tipped to unleash ultra-high speed transactional throughput, with the added bonus of huge transactional tax reductions.<h2 id="strong-sol-price-analysis-is-solana-going-to-zero-strong">SOL Price Analysis: Is Solana Going to Zero?</h2>Following the huge announcement for the ecosystem, Solana is currently trading at a <a href="https://www.tradingview.com/symbols/SOLUSD/">market price of $19.46</a> (representing a 24-hour change of -0.86%).<figure class="image"><img src="https://cimg.co/news/124381/328359/image.jpg" alt="" srcset="https://cimg.co/news/124381/328359/responsive-images/image___media_library_original_1634_901.jpg 1634w, https://cimg.co/news/124381/328359/responsive-images/image___media_library_original_1200_662.jpg 1200w, https://cimg.co/news/124381/328359/responsive-images/image___media_library_original_900_496.jpg 900w, https://cimg.co/news/124381/328359/responsive-images/image___media_library_original_720_397.jpg 720w, https://cimg.co/news/124381/328359/responsive-images/image___media_library_original_600_331.jpg 600w, https://cimg.co/news/124381/328359/responsive-images/image___media_library_original_300_165.jpg 300w" sizes="100vw" width="1634" class="content-img"><figcaption>TradingView / SOL USDT</figcaption></figure>This comes as Solana continues to battle a hard ceiling of localised resistance from the 20DMA, which has suppressed upside price movements for 23-days since August 15.Unable to push-up through descendant resistance, SOL has instead faced a tough grind-down -23.4% over the same time period.Worse still? The tumbling price action comes at a technically vulnerable moment in the charts, just 5-days after a dreaded 'death-cross' pattern emerged on the chart.A death-cross is a bearish technical indicator, which suggests price faces downside on the short-time frame, after the 20DMA crashed through the 200DMA.With Solana trading below both the 20DMA and 200DMA - any upside move from here will face a severe degree of resistance.This is especially worth noting when we consider that despite the incredibly bullish Visa stablecoin integration announcement, Solana only saw modest gains of +8%, which was almost instantly retraced.SOL's indicators provide some relief, Solana's RSI remains cool and calm in a technical oversold signal at 38.9 - suggesting price structure could induce upside moves on the short-time frame.While the MACD has switched to minor bearish divergence at -0.013 in testament to the limited upside momentum.Overall, Solana appears technically weak here - trapped under combined moving average resistance, in the aftermath of a death-cross, with big news doing little to shift price.<figure class="image"><img src="https://cimg.co/news/124381/328360/image.jpg" alt="" srcset="https://cimg.co/news/124381/328360/responsive-images/image___media_library_original_1634_901.jpg 1634w, https://cimg.co/news/124381/328360/responsive-images/image___media_library_original_1200_662.jpg 1200w, https://cimg.co/news/124381/328360/responsive-images/image___media_library_original_900_496.jpg 900w, https://cimg.co/news/124381/328360/responsive-images/image___media_library_original_720_397.jpg 720w, https://cimg.co/news/124381/328360/responsive-images/image___media_library_original_600_331.jpg 600w, https://cimg.co/news/124381/328360/responsive-images/image___media_library_original_300_165.jpg 300w" sizes="100vw" width="1634" class="content-img"><figcaption>TradingView / SOL USDT</figcaption></figure>Solana's upside target is limited to the 200DMA at $21.30 (a potential +9.7%).And to the downside, SOL is facing a risk of falling to $18.30 (a possible -5.75%).This leaves Solana's risk: reward ratio at 1.69 - a reasonable entry, with moderate upside potential.But while SOL bag-holders are caught in despair, smart money have already began rotating capital in anticipation of the biggest Bitcoin derivatives launches of 2023.<h2 id="strong-a-revolution-for-bitcoin-bitcoin-bsc-strong">A Revolution for Bitcoin? Bitcoin BSC</h2><figure class="image"><img src="https://cimg.co/news/124381/328362/image.jpg" alt="" srcset="https://cimg.co/news/124381/328362/responsive-images/image___media_library_original_677_381.jpg 677w, https://cimg.co/news/124381/328362/responsive-images/image___media_library_original_600_338.jpg 600w, https://cimg.co/news/124381/328362/responsive-images/image___media_library_original_300_169.jpg 300w" sizes="100vw" width="677" class="content-img"><figcaption>Source / Bitcoin BSC</figcaption></figure>On-Chain Summer has given rise to an emerging vertical of Bitcoin off-shoot projects. While the term "Bitcoin derivative" might raise eyebrows, here&rsquo;s what it signifies: a digital asset that leverages the strengths of Bitcoin and, at the same time, offers enhancements to rectify its challenges.And this is what has markets so excited about <a href="https://www.bitcoinbsc.io/">Bitcoin BSC</a>.BTCBSC's commitment to retaining Bitcoin's cherished tokenomics, including the iconic 21 million token cap, ensures familiarity, while its unique offerings make it stand out.<figure class="media"><oembed url="https://youtu.be/06a4tg6uv5o"></oembed></figure>One can't help but marvel at BTCBSC&rsquo;s integration with BSC (Binance Smart Chain), promising lightning-fast transaction times and minimal fees.Forget the 10+ minute wait times of traditional Bitcoin; with BTCBSC, your transactions are confirmed in under five seconds, all for a mere $0.10.This enhanced efficiency opens the door for broader usability, ensuring BTCBSC's relevance for a range of dApps, from microtransactions to significant financial remittances.But that's not all, BTCBSC's adoption of proof-of-stake over proof-of-work offers a greener, more sustainable mechanism that's in line with contemporary environmental concerns.By doing so, it ensures that the energy concerns that often plague traditional cryptocurrencies are a thing of the past.<h2 id="strong-staking-comes-to-bitcoin-empower-your-stack-with-additional-rewards-strong">Staking Comes to Bitcoin: Empower Your Stack with Additional Rewards</h2><figure class="image"><img src="https://cimg.co/news/124381/328363/image.jpg" alt="" srcset="https://cimg.co/news/124381/328363/responsive-images/image___media_library_original_1600_534.jpg 1600w, https://cimg.co/news/124381/328363/responsive-images/image___media_library_original_1200_401.jpg 1200w, https://cimg.co/news/124381/328363/responsive-images/image___media_library_original_900_300.jpg 900w, https://cimg.co/news/124381/328363/responsive-images/image___media_library_original_720_240.jpg 720w, https://cimg.co/news/124381/328363/responsive-images/image___media_library_original_600_200.jpg 600w, https://cimg.co/news/124381/328363/responsive-images/image___media_library_original_300_100.jpg 300w" sizes="100vw" width="1600" class="content-img"><figcaption>Source / Bitcoin BSC</figcaption></figure><a href="https://cryptonews.com/ext/bitcoin-bsc/en">BTCBSC</a> isn't just a token; it's an investment strategy - focused on: Staking, which has become a focal point in the DeFi space, takes center stage in the BTCBSC ecosystem.The benefits are two-fold: it offers token holders a lucrative yield (imagine an APY of 8-10%!) and it promotes long-term holding, reducing the notorious price volatility often seen with new crypto projects.By distributing a staggering 69% of the total token supply as staking rewards over 120 years, BTCBSC not only incentivizes holding but promises sustained and stable growth.<figure class="media"><oembed url="https://twitter.com/Bitcoinbsctoken/status/1699696572513071605"></oembed></figure><h2 id="strong-seize-the-moment-the-btcbsc-presale-surges-to-100k-in-24-hours-strong">Seize the Moment: The BTCBSC Presale Surges to $100k+ in 24-Hours</h2>Now comes the crux: the <a href="https://cryptonews.com/ext/bitcoin-bsc/en">BTCBSC presale</a> -a limited-time opportunity, the presale offers 29% of the total token supply to early participants at a tantalizing price of $0.99 per token.Comparing this to Bitcoin&rsquo;s 2011 price gives a nostalgic yet optimistic perspective on BTCBSC's potential.With liquidity already locked via Unicrypt and a soon-to-be launch on PancakeSwap, the prospects for BTCBSC are incredibly promising.The parallels to the surges seen in other Bitcoin derivatives, like BCH and BTC20, cannot be ignored.<figure class="image"><img src="https://cimg.co/news/124381/328365/image.jpg" alt="" srcset="https://cimg.co/news/124381/328365/responsive-images/image___media_library_original_1251_702.jpg 1251w, https://cimg.co/news/124381/328365/responsive-images/image___media_library_original_1200_673.jpg 1200w, https://cimg.co/news/124381/328365/responsive-images/image___media_library_original_900_505.jpg 900w, https://cimg.co/news/124381/328365/responsive-images/image___media_library_original_720_404.jpg 720w, https://cimg.co/news/124381/328365/responsive-images/image___media_library_original_600_337.jpg 600w, https://cimg.co/news/124381/328365/responsive-images/image___media_library_original_300_168.jpg 300w" sizes="100vw" width="1251" class="content-img"><figcaption>Source / Bitcoin BSC</figcaption></figure>BTCBSC is poised to not only emulate, but potentially surpass these successes, especially with its strategic staking model.So in ever volatile crypto markets, BTCBSC emerges as a beacon of innovation and promise - delivering advanced features, combined with the trustworthiness of Bitcoin's legacy, has seen BTCBSC break-out as a top tier investment opportunity.As the crypto community eagerly watches the BTCBSC journey, it&rsquo;s clear that this is more than just another token; it's a movement, a strategy, and most importantly, an opportunity.Join the future; join the BTCBSC revolution.<a href="https://cryptonews.com/ext/bitcoin-bsc/en">Visit Bitcoin BSC Now</a>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Is Solana Going to Zero? SOL Price Drops 5% and New Bitcoin Project Approaches $100,000

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