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The cryptocurrency market has been highly volatile, reflecting broader economic uncertainties and regulatory developments. Despite these headwinds, Solana (SOL) has experienced significant price swings recently.  Currently trading at around $138, Solana has seen a rollercoaster of price movements, making it crucial to analyze the factors that could influence its short-term price. Finbold has leveraged ChatGPT-4o, OpenAI’s advanced and recent AI chatbot model, to offer insights into how SOL is likely to trade by the end of July, considering the key factors influencing SOL’s future price trajectory. Picks for you Bitcoin angles indicate 'most aggressive' price yet to come, according to analyst 20 mins ago Pixelverse Secures an...

Michael Saylor has lost $105 million on his latest purchase of bitcoin for MicroStrategy. As usual, the CEO issued convertible debt — loans that may convert to equity and dilute prior shareholders — to purchase 11,931 bitcoins on June 20, 2024. On that date, MicroStrategy purchased Bitcoin at $65,883 apiece. Today, each of those coins is worth just $57,000 — a 13.5% decline in less than three weeks. Saylor’s latest bitcoin buy has lost $105 million since June 20. June 20th was not Saylor’s only ill-timed purchase. Since the leverage-hungry CEO started his debt-for- Bitcoin spree, MicroStrategy has purchased Bitcoin above current prices nine times . March 12, 2021: $15 million at $57,146 per bitcoin April 5, 2021: $15 million at $59,339 May 13, 2021: $15 million at $55,387 November 29, 2021: $414.4 million at $59,187 December 9, 2021: $82.4 million at $57,477 March 11, 2024: $821.7 million at $68,477 March 19, 2024: $623 million at $67,382 Apr...

Bitcoin’s (BTC) momentum has faded with a crash to a key support level of $60,000, pressured by huge sell-offs. Looking for insights, Finbold consulted the newest and allegedly superior artificial intelligence (AI) model, Claude 3.5 Sonnet. Notably, Claude 3.5 Sonnet predicts Bitcoin will trade between $85,000 and $95,000 by the end of 2024. For this analysis, the advanced AI considered the overall data it was trained with, plus a bullish and bearish context. The Anthropic‘s flagship product, designed to beat OpenAI‘s ChatGPT-4o, lists seven key factors for this price target. In particular, the halving event, institutional adoption, macroeconomic factors, regulatory environment, technical Analysis , market sentiment, and supply dynamics. Picks for you Here's when XRP will reach $0.7, according to analyst ...

Over the years, critics have labeled XRP a ‘dead cryptocurrency‘ due to its inability to mount significant price movement in line with peers such as Bitcoin (BTC) and Ethereum (ETH). Notably, recent price movements and technical indicators suggest that the narrative of XRP’s decline might be premature. According to an Analysis shared by TradingShot in a TradingView post on June 25, there are compelling reasons to believe in a potential bullish breakout for XRP. The expert noted that XRP has been consistently trading below its one-week moving average (1W MA200) since April 8, 2023. Despite this, the cryptocurrency is currently testing the bottom of a long-term triangular structure that began forming after the January 2018 all-time high. Picks for you What’s going on with the Chinese Yuan vs. Dollar (USD/CNY)? ...

Since late 2023, Solana (SOL) has been on a while ride as it saw its price rapidly rise from less than $20 to reach – on a few occasions – toward and above $200. Additionally, the token’s blockchain again started hosting an ever-increasing number of new projects. SOL price trajectory has seen it rise 48.79% since the start of 2024 and cross above $200 twice in March. More recent trading has, however, been more lackluster, and the token dropped 13.03% in the last seven days, ensuring Solana price today, at press time, stands at $150.75. Solana YTD price chart. Source: Finbold Along with the dynamic price action, the ecosystem has also undergone a string of updates and upgrades, with the most recent taking place in late May and changing the fee structure to favor block validators. Picks for you Here’s when Silver price wil...

Solana (SOL) has exhibited a bullish bias for most of 2024, with the decentralized finance (DeFi) token surging over 170% in the last six months. Amid bullish sentiments primarily driven by increased activity on the Solana blockchain, the $200 price target has become a key goal for the asset. Investors believe that reclaiming the $200 mark will pave the way for another all-time high. To determine the next SOL price trajectory, Finbold consulted artificial intelligence (AI) that leverages machine learning algorithms from CoinCodex to gather insights into the asset’s potential valuation at the end of the month. Picks for you These two cryptocurrencies show recovery potential this week 8 mins ago Bitcoin registers an all-time low transacti...

At one point in 2024, meme coins were the apex cryptocurrencies, accounting for nearly all of the top 10 performers in the crypto market. The period saw multiple older coins hit new all-time highs (ATH) or, at least, reach very close to their old peaks. Newer meme coins were also running exceptionally high and generating new overnight rags-to-riches stories, though there were also some mishaps and old-fashioned scams. Though the situation has calmed somewhat in May, meme coins remain popular and relatively strong and few are as interesting as one of the most prominent cryptocurrencies out there –  Shiba Inu (SHIB). Picks for you China dumps largest amount of US Treasury and Agency Debt in history 43 mins ago Market expert sets Bitcoin price for August 2024 2 hours ago Finance legend Ray Dalio thinks there’s a 40% chance of a civil war in the U.S. 2 hours ago Silver on the brink of highest price in more than a decade 4 hours ago SHIB...

BNB struggles below $600, facing bearish pressure and uncertainties amid the Alex Protocol Bridge incident. Bitbot (BITBOT) emerges as an alternative, offering institutional-grade trading on Telegram. Bitbot (BITBOT) token is currently in its presale stage and it is priced at $0.018 per token. BNB price is struggling to regain momentum amidst uncertainties and the recent Alex Protocol Bridge suspicious withdrawals that rocked the BNB Smart Chain network. Meanwhile, Bitbot emerges as a potential alternative, promising innovative features and a new token. BNB price recovery in limbo amid Alex Protocol Bridge incident BNB’s journey towards recovery faces hurdles as it contends with bearish signals below the $600 mark. Despite attempts to breach resistance levels at $575 and $585, the token finds itself in a precarious position. The failure to clear the $600 resistance zone triggered a fresh decline, exacerbating concerns among investors. Compounding...

Although many assets in the cryptocurrency market have turned red, Shiba Inu (SHIB) is moving in the opposite direction, recording significant gains on its daily chart, and machine learning and artificial intelligence (AI) algorithms predict further (albeit modest) price increases in the following weeks. Indeed, Shiba Inu has made a surprising twist that has seen it advance over 7% in a matter of hours without any significant announcement or development during the weekend, other than the popular token becoming one of the payment methods on CoinGate last week . SHIB price prediction As it happens, Shiba Inu might continue to advance during May, possibly hitting the price of $0.000024 by May 31, 2024, according to the latest forecast by the advanced machine learning algorithm over at the crypto analytics platform PricePredictions obtained on May 14. Picks for you How would Trump’s ‘biggest tax cut’ impact crypto 19 hours ago The most successful IPO of 2024 so far...

Though some experts, analysts, and marketers have been rhetorically placing gold and Bitcoin (BTC) in the same category for years, they have seemingly diverged in significant ways in 2024.  Indeed, while gold has been rising at an incredible pace as economic and geopolitical concerns mount, BTC’s trading is more risk-off, with the most striking example coming at the height of the Israel-Iran war scare when fears seemingly outweighed the optimism stemming from the halving event. Despite the world’s premier cryptocurrency seeing its highest month-end price s on record in March, Bloomberg’s Senior Commodity Strategist Mike McGlone opined in a recent X post that gold has a substantial upper hand compared to Bitcoin – and, indeed, compared to the S&P 500. Picks for you Tokenized real-world assets nears $8 billion in value as demand grows 28 mins ago Why you can't bank on single stock to make you a millionaire  50 mins ago Buy signal for the tw...

Bitcoin (BTC) completed its fourth halving event, leaving the market anticipating whether this milestone will live up to its historical significance as a bullish anchor moment. To gain insights into how Bitcoin is likely to trade post-halving, Finbold consulted the Claude 3 Opus artificial intelligence (AI) model from Anthropic, which is viewed as a superior tool compared to OpenAI’s ChatGPT. Drawing from historical data and the observed effects of previous halving s, Claude AI’s Analysis suggested that Bitcoin is poised for substantial price appreciation in the aftermath of this latest event. Picks for you Controversial stablecoin regulation aims to bolster U.S. Dollar dominance 13 mins ago Commodity investors eye Copper price amid supply shortage breakout 26 mins ago 'Bitcoin fees' keyword trends on Google and social aggregators 27 mins ago Dogecoin prediction; DOGE paints classic pattern ahead of breakout 3 hours ago F...

Sui price rose more than 11% as Bitcoin and Ethereum declined below key levels. SUI gains after ByteDance subsidiary BytePlus chose to enter Web3 via the Sui blockchain. Sui (SUI) traded higher today despite a broader crypto market downturn that saw Bitcoin dip below $61k and Ethereum fall below $3,000. While Sui price remains below the recent peak above $2.17, its surge to $1.27 in the past 24 hours represents gains of more than 11% and better than most altcoins in the top 100 by market cap. Why is SUI price up as altcoins dip? On April 17, the Sui team announced that BytePlus, a subsidiary of the technology firm ByteDance, had joined the crypto network as it makes its Web3 debut. 🚨BREAKING: BytePlus, the enterprise technology arm of ByteDance (the company behind @TikTok_US), is coming to Sui! pic.twitter.com/GtutYyFI5X — Sui (@SuiNetwork) April 17, 2024 BytePlus is expected to collaborate with Mysten Labs to bring its gaming and social ...