The crypto platform has teamed up with 21X, a European firm gearing up to launch a tokenized asset settlement system.
Top 5 Cryptocurrencies to Invest in 2024: Expert Insights
The cryptocurrency market continues to evolve, presenting both challenges and opportunities for investors.
SOL forecast for December 2024
Solana (SOL) shows significant spside potential in December, driven by recent technical patterns and market sentiment.
Technical analysis indicates that SOL has formed a classic cup-and-handle pattern, a strong bullish signal.
The current breakout could drive prices toward higher targets, with short-term goals set between $200 and $280.
As the Christmas holiday approaches, increased enthusiasm around meme coins may further boost demand for SOL.
On the monthly chart, SOL has broken through key resistance levels and entered a solid upward trend. Based on the depth of the cup-and-handle pattern, a target price of $300 appears reasonable and attractive.
While overall sentiment leans optimistic, there could be short-term pullback pressure, especially after rapid price increases.
Some investors are wary of potential overbought signals and the possibility of market corrections due to heightened volatility.
From a long-term perspective, SOL remains a noteworthy project. Its presence in the DeFi and NFT sectors, along with the growth of its broader ecosystem, makes it a strong candidate for long-term investment.
Current market conditions provide a solid foundation for holding SOL long-term, though investors should be prepared for short-term fluctuations.
In conclusion, December presents a promising month for SOL, with price targets ranging from $200 to $300.
However, investors should assess risks rationally and stay vigilant about market changes.
Ryan Lee, Chief Analyst at Bitget Research
Bitcoin price drops below key support, the party is over?
Bitcoin started the week on a rough note, with its price taking a hit of over $3,000 in hours.
Litecoin could hit $420 soon?
Crypto analysts are optimistic about a potential altseason kicking off in the next 8-10 days. In late 2021, when Bitcoin’s dominance dipped, altcoins skyrocketed by over 140%.
Stablecoins will go from 1% to 10% of U.S. money supply?
Stablecoins might currently be a small player in the financial world, making up just 1% of the U.S. money supply, but a report from Standard Chartered and Zodia Markets suggests that they could expand to 10% of the U.S. M2 money supply and FX transactions, thanks to clearer regulations on the horizon.
NFT sales on the rise again
November was a fantastic month for NFTs, with sales skyrocketing by 62.88% to reach $588 million. That’s a big leap from the $361 million recorded in October.
