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Solana’s price is slipping as technical indicators show deepening bearish momentum. With support levels in sight, here’s what could come next.
There are signs of cautious optimism in the crypto markets for now
Paul Atkins takes over as SEC chair, aiming to ease crypto regulation and scale back corporate disclosure requirements.
XCN has jumped over 30% in a day, breaking out of its consolidation phase and sparking bullish predictions of a potential 300% rally.
Cardano founder Charles Hoskinson believes Bitcoin’s price could rise over 100% to reach $250,000 this year.
Crypto analyst Ali Martinez used the Mayer Multiple to predict that Bitcoin could skyrocket to $208K if it breaks above $86,900.
- 09:50Market Cap of Gold-Backed Cryptocurrencies Grows 6% in the Past Month as Interest in Digital Gold Assets RisesPANews reported on May 4, according to CoinDesk, that the minting of gold-backed cryptocurrencies reached its highest level in nearly three years over the past month, driving the overall market capitalization of such tokens up by 6% to $1.43 billion. Meanwhile, the monthly transfer volume of gold-backed cryptocurrencies increased by 77% to $1.27 billion, indicating a significant rise in interest in digital gold assets. The latest report from the World Gold Council shows that total gold demand in the first quarter of this year reached 1,206 tons, a 1% increase year-on-year, marking the strongest first-quarter growth since 2016. Analysts believe that ETF investors and some crypto users are seeking programmable and on-chain traceable hedging tools amid rising gold prices, leading to increased interest in gold-backed crypto assets.
- 09:43A whale sold 427,600 TRUMP 12 hours ago, incurring a loss of approximately $760,000PANews reported on May 4 that, according to The Data Nerd's monitoring, a certain whale sold 427,600 TRUMP tokens 12 hours ago, obtaining $4.9 million. Last week, he accumulated these tokens at an average entry price of $13.47, resulting in a loss of approximately $760,000 from this investment.
- 09:35Solana Domain Service SNS Hints at Possible AirdropOdaily Planet Daily News: Solana Name Service (SNS) posted on the X platform: "Every .sol domain holder will soon understand," along with an airdrop image featuring a parachute, hinting at a possible airdrop.