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Solana price hits 17-month high above $54: What next for SOL?

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Solana price rose to $54 on Friday, its highest level since May 2022. SOL has outperformed top altcoins as positive catalysts aid bulls’ push, with price up 40% this past week and 138% over 30 days. How far can Solana price rise? Data suggests further upside is possible. Solana continued its outperformance on Friday with another huge green candle as price rose 24% to climb to highs of $54. The cryptocurrency’s value has jumped more than 40% this past week and an impressive 138% over the last 30 days. According to data from CoinGecko, Solana price has increased by 220% in the past year – reclaiming levels it traded at before the collapse of crypto exchange FTX . Solana price breaks above $54 Despite recent sell-off pressure, bulls have managed to push SOL price to its highest level since May 2022. The breakout to this 17-month high comes after buyers regained control at the critical $30 level, with this allowing for further upside to $3...

Will 'Shapella Update' Drive Ethereum Past $2000?

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The Ethereum [ ETH ] network has not sidelined its upgrades despite the condition of the market. The Merge saw the network shift from proof-of-work [PoW] to proof-of-stake [PoS]. Following this, the community has been eagerly waiting for the Shapella hard fork. This upgrade is highly anticipated as it will allow validators to withdraw funds from the Beacon Chain. According to the core developers of the Ethereum network, the Shapella hard fork is expected to occur on the mainnet in April. On April 12, at 10:27 p.m. UTC, epoch 194,048 will mark the implementation of Shapella. It's happening Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 Client releases compatible with the upgrade are listed in the announcement below https://t.co/I0hSv9lnjz — timbeiko.eth ️ (@TimBeiko) March 28, 2023 Furthermore, Tim Beiko, the lead developer of Ethereum’s core protocol, carried out a discussion among members of the Ethereum Foundation ...

Ethereum's Rocket Pool Is the Current Top Performing Cryptocurrency

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Ethereum staking derivative provider Rocket Pool (RPL) is currently the best-performing crypto currency among the top 100 projects. The token has rallied up to 24.7% in 24 hours and 61.3% in the last week. Source: CoinGecko Rocket Pool uses “smart nodes,” a cutting-edge type of staking service, which is one of its distinguishing characteristics. They are intended to be more effective and affordable than conventional staking techniques. The token’s rally may be attributed to new listings and Ethereum’s upcoming Shanghai upgrade. The world’s largest exchange by trade volume, Binance, has said it will list the Ethereum staking pool’s native crypto currency, RPL, in its Innovation Zone. RPL will be available for trade against Bitcoin (BTC), Binance Coin (BNB), and T ETH er’s USDT. Additionally, with these new margin pairings on Isolated Margins, Binance will also include RPL as a new borrowable asset. Moreover, RPL was also listed on the...

Will Bitcoin, Ethereum Turn a Bullish Page in 2023?

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The crypto market conditions have, by and large, been bearish this year. Post the double peak registered by Bitcoin in Q4 2021, 2022 began on a choppy note. Just before bulls could even find their feet, one company after another started collapsing, pausing withdrawals, and filing for bankruptcy. The same, in conjunction, fractured the space, and crypto asset prices have still been trying to recover from the macro catastrophe. With less than 3 weeks left for this year to end, here’s where Ethereum and Bitcoin currently stand. As of now, traders are showing notable signs of negativity and capitulation. As illustrated below, out of the overall crypto social volume of 381,960, more than one-fifth [21%] of them were related to “dead,” “deadcoin,” or “deadcoins.” The mentions of dead and deadcoin jumped to all-time high levels in late November, and even now, continue to revolve around “still are historically high levels. This might se...