Join our Telegram channel to stay updated on breaking news coverageThank you for reading this post, don't forget to subscribe!
Solana (SOL) surges amid Ripple’s regulatory win. SEC reportedly dropped its lawsuits
Are you bullish?👀🐂 pic.twitter.com/MITVNQbenE
– EvanLuthra.eth (@EvanLuthra) 20 October 2023
As of October 20, 6:30 am EST, the Solana spot price was $27.1, representing a 13% increase from its last 24-hour price. Solana trading volume increased by 182%, indicating an increase in bullish activity on Solana. In turn, this has led to high volatility in Solana. This is demonstrated by the Bollinger Bands, which are currently moving apart. According to TradingView’s 24-hour SOL/USD chart, the RSI is now in the overbought zone, showing bullish dominance on Solana.
Looking at the 4-hour SOL/USD chart, the 5-day moving average has crossed above the 15-day moving average, forming a golden cross. This indicates significant bullish activity on Solana, a trend that is likely to continue as the Solana blockchain posted impressive results in Q3 2023, leading to growth on the native token. Solana has seen a 35% increase from its price over the last 30-days.
Overview of Solana’s Q3
The recent Q3 2023 report for Solana by Messari revealed developments and achievements in various areas. Compressed NFT (CNFT) mining increased dramatically, and the DeFi ecosystem grew on the platform. There were fears that FTX might sell its 57 million SOL tokens, but Solana’s market cap increased by 17% nonetheless. SOL for FTX/Alameda may be unlocked at some point, possibly in Q4 2025.
Notably, compressed NFT (CNFT) production skyrocketed during the quarter, with DRIP leading the way. After some big news, Solana’s technology stack and virtual machines (SVMs) got a lot of attention. For example, Roon considered integrating the Solana version for MakerDAO and Visa to simplify payments on the Solana network. Also contributing to the 32% increase in Solana’s DeFi total value locked (TVL) was the introduction of points programs by several protocols. The V1.16 upgrade, approved by the supermajority, includes increased secret transfers, reduced memory requirements for validators, and enhanced support for zk-proofs.
In the meantime, as Solana continues to make waves, the Bitcoin Minetrix pre-sale may be your optimal investment strategy as the company moves forward.
Bitcoin Minetrix secures $1.8M funding
Bitcoin Minetrix has achieved another milestone by crossing the $1,800,000 mark in its ongoing pre-sale. This highlights the immense confidence and interest from investors and individuals willing to participate in decentralized Bitcoin mining. The pre-sale success follows Bitcoin Minetrix’s unique approach to cloud mining, which emphasizes user ownership and decentralized tradable tokens.
– bitcoinminetrix (@bitcoinminetrix) 20 October 2023
Bitcoin Minetrix’s mining approach
Driven by a commitment to safety and security, Bitcoin Minetrix is different than traditional cloud mining services. Unlike the traditional approach that demands cash deposits, Bitcoin Minetrix ensures a decentralized system with user-owned tradable tokens, making it a more secure and transparent option for potential investors.
An accessible entry point for beginners, providing cost-efficiency without high electricity bills and freedom from hardware maintenance worries, Bitcoin Minetrix presents an all-in-one solution for those considering venturing into Bitcoin mining. Does. By eliminating the risk of third-party cloud mining fraud and providing users with full control over operations, Bitcoin Minetrix’s approach is a step towards inclusive and secure participation in cryptocurrency mining.
Beware of Scams
Bitcoin Minetrix, in response to increasing deceptive practices during its pre-sales, advocates a cautious approach among its users. Emphasizing the importance of verifying information from trusted sources, the company empowers its customers to discern safe, genuine interactions from potentially dangerous fraudulent activities.
caution regarding #bitcoinminetrix scam!
Remember these tips:🔒
– bitcoinminetrix (@bitcoinminetrix) 18 October 2023
Users are advised to exercise discretion in online activities, underscoring the importance of protecting personal data. By promoting prompt reporting of suspicious accounts, Bitcoin Minetrix community members can increase the sense of trust and security within the platform.
Bitcoin Minetrix fosters a new group of cryptocurrency enthusiasts, encouraging active participation in decentralized finance. With its commitment to innovation and transparency, Bitcoin Minetrix is paving the way for a new era of participation in the dynamic and evolving world of digital assets. Remember to be a part of the pre-sale while watching the current rally that has seen tokens like Solana rise.
New Crypto Mining Platform – Bitcoin Minetrix
- Audited by Coinsult
- Decentralized, secure cloud mining
- earn free bitcoin daily
- Native Token on Presale Now – BTCMTX
- Staking Rewards – Over 1,000% APY
Join our Telegram channel to stay updated on breaking news coverage