Author: Yeek.io

Key Developments in Solana’s Metrics Daily Volume IncreaseThe $13 billion daily volume represents heightened interaction with Solana. Higher volume usually signals strong market activity, which can lead to significant price moves. But everything is a question of context of volume increase:Rising Volume with Price Increase: Indicates potential strength in the upward trend.Rising Volume with Price Decrease: May point to continued selling pressure.In Solana’s case, both volume and price are rising, which suggests optimism in the market. Open Interest GrowthOpen Interest (OI) is another key indicator. It shows the sum of all open contracts in the market.Increasing OI with Price Increase:…

Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook, having recently broken above $4,000 for the first time since March of this year.  How The Ethereum Price Could Reach $18,000 In a TradingView post, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025.  However,…

Since its emergence, Non-Fungible Tokens (NFTs) have revolutionized the digital world, providing investors the chance to own and trade unique digital assets. Now, residing in 2024, it’s only natural to see the NFT market developing, with more pros for lovers and financial investors alike. In this article, we will look at the advantages of NFT investments and why this asset class still remains a great opportunity. 1. The rise of Digital Ownership The digital age has created new ways to perceive ownership, and NFTs are doing just that. Announced, these tokens provide verifiable proof of authenticity and ownership on the…

Ponke, launched in December 2023, quickly grew its market cap to over $300 million, becoming the tenth-largest meme coin. What is the main secret of success? In a recent interview with Decrypt, Ponke’s marketing lead, speaking in a gambling monkey costume, discussed how the product has succeeded in the Solana meme coin market. What is Ponke about? Ponke is another meme coin created on the Solana blockchain, which has already become one of the leading ones for the release of such assets in 2023-2024. Ponke is a meme monkey, similar in appearance to the world-famous frog Pepe. Apparently, the creators wanted…

SushiSwap is taking a bold step to reshape its financial foundation with its “Treasury Diversification Proposal.” Spearheaded by Jared Grey, the platform’s “Head Chef,” the plan aims to create a stable and sustainable treasury by diversifying its holdings and reducing reliance on SUSHI tokens. The proposal outlines a three-pronged strategy: minimizing volatility, boosting liquidity, and generating passive income. Currently, the Sushi DAO treasury is heavily reliant on its native SUSHI tokens, exposing it to market instability. Grey’s plan involves liquidating the treasury’s SUSHI holdings and reallocating them into a diversified mix of assets. The new structure proposes a 70% allocation…

Shiba Inu and Pepe have become two of the largest meme coins in the crypto industry, boasting a combined market cap of nearly $30 billion. Pepe (PEPE) trading at $0.00002200, up by over 3,700% from its lowest level in 2023. Similarly, Shiba Inu (SHIB) has surged over 17,000% from its all-time low, elevating its valuation to more than $18 billion. Both coins are expected to continue performing well as the crypto bull run persists. The altcoin season index has climbed to 83, and the crypto fear and greed index has moved to 85.  Their recent performance has sparked speculation about…

The largest wealth creation event in the history of the web has been the monetization of attention. Trillion-dollar empires have been built by controlling our online identity, the interface you consume content, and the monetary incentive layer that powers it all. We’re decentralizing this model to unleash an unprecedented $500B+ in value issuance to users. Layer3 is not a quest platform. Layer3 is the infrastructure for a new era of user-owned value, powered by our omnichain identity and distribution protocol. We’ve taken the engine behind these $1T giants and decentralized it by creating an open identity, incentive, and interface network…

Two low-cap altcoins exploded in price on Friday after top crypto exchange Binance made them available for trading on its platform. Binance rolled out trading services for the interoperability protocol Across (ACX) and the Solana (SOL)-based decentralized exchange (DEX) Orca (ORCA). The native tokens of both platforms witnessed massive gains on Friday, with ACX surging by nearly 88% and ORCA jumping by almost 80%. Those represented the largest gains of any top 1,000 tokens by market cap that day, according to CoinGecko. Across aims to be a “new paradigm in cross-chain experiences” and is powered by cross-chain intents, which are…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto analyst Jelle forecasts a new ATH for Solana, as Cardano and IntelMarkets soar 800%. The crypto space is filled with confidence, as many tokens are on the rise. Crypto analyst Jelle has confidently forecasted that Solana (SOL) will hit a new ATH, which adds to its bullishness. At the same time, Cardano (ADA) and the new phase seven presale star IntelMarkets (INTL) saw a combined price growth of over 800%. While many analysts, like Trend Rider, have made…

Uniswap (UNI) is holding steady above the $17 mark, following a successful break above this level. With the bulls maintaining their grip on this critical support level, speculation is rising about whether this could be the calm before a bullish storm.  As market sentiment remains optimistic, this analysis examines UNI’s current price action by evaluating technical indicators to determine if it can gather enough momentum for a breakout rally. Could this period of stabilization set the stage for further upside? Let’s explore the technical setup and market dynamics that are shaping this crucial moment for Uniswap. Analyzing Uniswap Consolidation Phase…