Shiba

Solana

Bitcoin ETF

Bitcoin

Shiba Inu

<div class="finbold">
 <p class="paragraph">The overall cryptocurrency market is experiencing sustained short-term buying pressure, with most digital assets endeavoring to recover from recent losses. While Bitcoin (BTC) garners much attention as it aims to reclaim the $65,000 resistance, altcoins are also attracting significant interest.</p>
 <p class="paragraph">In light of this, Finbold has identified two <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies worthy of monitoring. These <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies are notably influenced by significant on-chain developments and metrics, which will likely impact their prices amid the prevailing bullish sentiments.</p>
 <h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL)</h2>
 <p class="paragraph">Following the ongoing rally, Solana (SOL) aims to surpass the crucial $150 resistance zone, which is pivotal in achieving another record-high price. Undoubtedly, the decentralized finance (DeFi) platform continues to be the activity center.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Legendary trader predicts Bitcoin price will 'pump' if this pattern plays out <span class="self-center text-xs text-slate-500">54 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    'Wild swing': Jack Dorsey's company stock erases staggering gains on Friday <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Opportunity? Here's Bitcoin's 'most optimal buy' entry before parabolic rally <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin ETF breaks 80-day losing streak with bullish BTC inflow <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">It’s worth noting that Solana previously experienced a rally, fueled in part by the growing interest in meme coins launched on the platform. Currently, meme coins are gaining attention again, making Solana a noteworthy asset to <a rel="noopener noreferrer nofollow" title="watch" href="https://thebittimes.com/tag/watch.html">watch</a>.</p>
 <p class="paragraph">To recap, meme coins on Solana, including Dogwifhat (WIF) and Bonk Inu (BONK), gained prominence as they sought to compete with established players like Shiba Inu (SHIB). However, the spotlight on dog-themed meme coins appears to wane, with a new class of themed around cats emerging. Recent activity surrounding cat-themed tokens has contributed to the SOL price spike.</p>
 <p class="paragraph">For instance, Solana-based Popcat (POPCAT) experienced double-digit gains on May 2, skyrocketing by over fivefold in just two weeks. It will be intriguing to observe whether more cat-themed tokens can replicate the performance of their dog-themed counterparts and potentially influence the value of SOL.</p>
 <p class="paragraph">Furthermore, the Solana network has seen a notable increase in its locked value, reaching $4.013 billion at the time of writing, according to <em>DefiLlama</em> data. This figure marks a growth of over 160% in 2024.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="872" height="570" src="https://cdn.thebittimes.com/images/2024/05/04/9b01e5ec5f37328848d59a6db86120b8.webp" alt class="wp-image-173923" srcset="https://cdn.thebittimes.com/images/2024/05/04/9b01e5ec5f37328848d59a6db86120b8.webp 872w, https://cdn.thebittimes.com/images/2024/05/04/9b01e5ec5f37328848d59a6db86120b8.webp 300w, https://cdn.thebittimes.com/images/2024/05/04/9b01e5ec5f37328848d59a6db86120b8.webp 768w" sizes="(max-width: 872px) 100vw, 872px">
  <figcaption class="wp-element-caption"><em>Solana YTD TVl chart. Source: DefiLlama</em>
  </figcaption>
 </figure>
 <p class="paragraph">The escalating TVL indicates expanding user engagement and confidence in the platform and heightened liquidity and trading volume within the protocol.&nbsp;</p>
 <p class="paragraph">By press time, Solana was trading at $147, gaining almost 4% in the last 24 hours. Over the past week, SOL has been up over 7%.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="675" height="550" src="https://cdn.thebittimes.com/images/2024/05/04/d6ab44c2ef62ed0df52399d2eca3193c.webp" alt class="wp-image-173922" srcset="https://cdn.thebittimes.com/images/2024/05/04/d6ab44c2ef62ed0df52399d2eca3193c.webp 675w, https://cdn.thebittimes.com/images/2024/05/04/d6ab44c2ef62ed0df52399d2eca3193c.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption"><em>Solana seven-day price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-shiba-inu-shib">Shiba Inu (SHIB)</h2>
 <p class="paragraph">In the short term, Shiba Inu stands out among <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies with notable gains, surging by over 10% in the last 24 hours. Beyond the overall bullish sentiment in the market, SHIB appears to benefit from factors such as increased trading activity, token burns, and ongoing network developments.</p>
 <p class="paragraph">Of particular interest is the network development, which could be the main driver behind SHIB’s price movements. Shiba Inu’s layer-2 blockchain solution, Shibarium, underwent a successful hard fork. This upgrade addresses user concerns regarding network usability and transaction efficiency, which are crucial factors supporting SHIB’s price growth.</p>
 <p class="paragraph">The development seeks to promote faster transaction speeds by reducing processing times on the Shibarium network. Additionally, it introduces a system for predictable gas fees, making transactions more cost-effective. Security is also prioritized, with enhancements implemented to safeguard user assets and bolster network security.</p>
 <p class="paragraph">Furthermore, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> analyst <em>Ali Martinez </em>highlighted technical indicators suggesting that SHIB was forming a bull flag, indicating a potential bullish breakout. <em>Martinez </em>suggested that the formation could propel SHIB to $0.000072323, representing a growth of almost 180%.</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="680" height="613" src="https://cdn.thebittimes.com/images/2024/05/04/d441fe0accf53cbd125b151aeefd26f6.webp" alt class="wp-image-173921" srcset="https://cdn.thebittimes.com/images/2024/05/04/d441fe0accf53cbd125b151aeefd26f6.webp 680w, https://cdn.thebittimes.com/images/2024/05/04/d441fe0accf53cbd125b151aeefd26f6.webp 300w" sizes="(max-width: 680px) 100vw, 680px">
  <figcaption class="wp-element-caption"><em>SHIB price analysis chart. Source: ali_charts</em>
  </figcaption>
 </figure>
 <p class="paragraph">As of the latest update, SHIB is valued at $0.000026, having rallied almost 6% in the last seven days.</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="675" height="586" src="https://cdn.thebittimes.com/images/2024/05/04/c89844168d5daff357b0b2362d3ba96b.webp" alt class="wp-image-173920" srcset="https://cdn.thebittimes.com/images/2024/05/04/c89844168d5daff357b0b2362d3ba96b.webp 675w, https://cdn.thebittimes.com/images/2024/05/04/c89844168d5daff357b0b2362d3ba96b.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption"><em>SHIB seven-day price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">In summary, it’s worth noting that besides the underlying fundamentals, the two <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies will likely be influenced by the overall market sentiment.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/here-s-why-you-should-closely-watch-these-2-cryptocurrencies-tbt87447.html">https://thebittimes.com/here-s-why-you-should-closely-watch-these-2-cryptocurrencies-tbt87447.html</a></p>

Here’s why you should closely watch these 2 cryptocurrencies

Obsah

TheBitTimes

Ďalšie články zverejnené 4. 5. 2024

XRP Price Soars 3%, Here’s Why

Top 3 Entry-Point Crypto Coins Right Now: BLP, Polygon, and Pepe

Best DeFi Presales

Is the lack of liquidity in Bitcoin futures threatening price stability?

Jupiter Price Prediction: Is $2 the Next Benchmark for JUP?

Critical Developments for SHIB Coin, XRP, and 5 Other Altcoins: Key Market Updates You Need to Know

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!