Solana is an open-source blockchain project whose native cryptocurrency is called Solana (SOL), which functionally is a utility token.
In various spaces, such as NFT creation, Solana is becoming the preferred option.
The data you should know about Solana: It is an open-source blockchain. Its native cryptocurrency is SOL. It was born in 2017. Its goal is to improve the processing speed of transactions. It uses the PoS consensus protocol combined with PoH.
Memecoins created by artificial intelligence (AI) are gaining increasing popularity in the digital asset market.
These are meme cryptocurrencies and tokens that are developed from scratch by AI bots autonomously. These agents are autonomous programs that can make decisions and perform actions independently by integrating technical, financial, and cultural aspects.
As explained in Criptopedia, the educational section of CriptoNoticias, memecoins are digital currencies inspired by a mascot, jokes, or Internet memes. These assets do not solve concrete problems and are generally used for financial speculation due to their high volatility.
Thejaswini, a cryptocurrency market analyst, states: “We are at the end of 2024, observing how AI is changing not only the way we trade cryptocurrencies but also the way we think about digital ownership itself.”
What’s coming for bitcoin? News about Microsoft and inflation will impact the price The price of bitcoin promises high volatility in the coming days.
High volatility is expected for the price of bitcoin. Source: Dall-E, by OpenAI. High volatility is expected for the price of bitcoin. Source: Dall-E, by OpenAI.
Tomorrow it will be decided whether Microsoft will evaluate the investment in bitcoin or not. New CPI data would affect upcoming interest rate cuts in the U.S. Bitcoin (BTC) started the second week of December with a slightly bearish movement that positions it below 99,000 dollars. This comes as various relevant events for the market are expected to occur during the current week.
#Sui $SUI has been experiencing an impressive upward trend, but signs of potential exhaustion are beginning to appear. Key technical indicators now suggest that the cryptocurrency has entered overbought territory, which has triggered speculation about whether a pullback might be imminent. While the recent rally reflects strong bullish momentum, the market could be approaching a critical moment. Can SUI maintain its upward streak or is a price correction inevitable?
At the time of writing this article, SUI has risen more than 10% and reached a price of $4.23 in the last 24 hours. This movement has pushed its market capitalization to over $12 billion, with a trading volume exceeding $5.5 billion, indicating significant interest from investors and market activity.*
Technical analysis: indicators point to overbought conditions The price of SUI on the 4-hour chart is beginning to show bearish signals, with a notable decline towards the support level of $4 and the 100-day simple moving average (SMA). This downward movement is underscored by the formation of a bearish candle, suggesting increasing selling pressure in the market. A sustained drop below these levels could indicate a broader trend change, making this moment a turning point for its price action.
#Pepe $PEPE PEPE has increased by 1.626% in just one year. The meme cryptocurrency is now more valuable than litecoin. The meme cryptocurrency PEPE reached a new all-time high of $0.000027, following an explosive increase of 15% in a single day.
According to data from CoinMarketCap, the price of the memecoin went from $0.000021 to over $0.000026 in just a few hours. It then corrected and is currently holding above USD $0.000025.
The price of PEPE rebounded in a matter of hours. Source: CoinMarketCap. The increase of PEPE was promoted by the pull effect of bitcoin (BTC) and the already confirmed altcoin season, which suggests good performance for cryptocurrencies alternative to BTC, as reported by CriptoNoticias. This context has allowed PEPE to experience significant growth, driven by the widespread trend in the market.
With the rise and the new ATH, the market capitalization of PEPE is now $10.680 billion. This places this memecoin above the cryptocurrency litecoin (LTC) in terms of market value. The current market capitalization of LTC is $10 billion, according to CoinMarketCap.
PEPE not only surpasses litecoin, but also threatens to take the 20th spot from the UNI token, native to the decentralized exchange Uniswap, whose current capitalization is $11.200 billion. This meteoric rise of PEPE in the cryptocurrency ecosystem highlights its growing relevance and popularity among investors and traders.