Author: cryptonews7
VanEck projects the smart contract platform market to grow 43% to US$1.1 trillion by 2025, driven by their correlation analysis with US M2 money supply growth. Based on Solana’s 15% market share in the smart contract space, VanEck estimates SOL could reach US$520 with a market cap of US$250 billion, up significantly from its current US$198 price point. The SEC has notably acknowledged a Spot Solana ETF filing, marking the first time they’ve done so for an asset previously labelled as a security, though approval remains uncertain. After XRP has significantly drawn the altcoin market’s attention, it could be time…
18h05 ▪ 4 min read ▪ by Mikaia A. The Shiba Inu (SHIB) is going through a tough time, but far from being a death knell, this correction might well hide a golden opportunity for savvy investors. In the ruthless world of crypto, fluctuations are common, and often, calm precedes the storm. Relying on certain technical indicators, analysts perceive a potential rebound. So, should we succumb to panic or, on the contrary, take advantage of this calm to strengthen our positions? The price of SHIB on the brink of a reversal The Shiba Inu has recently flirted with its lower…
The U.S. Securities and Exchange Commission (SEC) is acknowledging crypto asset management firm Grayscale’s bid to create an exchange-traded fund (ETF) for the smart contract platform Solana (SOL). In a new thread on the social media platform X, Bloomberg ETF analyst James Seyffart says the SEC formally acknowledging the bid is noteworthy because the regulatory agency had previously rejected it. “UPDATE: SEC just acknowledged the Grayscale Solana 19b-4. This is actually newsworthy because the SEC had refused to do this in recent filing attempts for SOL.” ETFs allow traders to expose themselves to assets such as precious metals and crypto…
Advertisement     Cardano is set to receive a significant boost through an innovative partnership with Walmart, which will introduce a crypto cashback program featuring Cardano’s native token, ADA. Announced on February 3, this initiative aims to bridge the gap between traditional retail shopping and blockchain technology, offering ADA as cashback on everyday purchases at one of the world’s largest retailers. Notably, Walmart, which serves approximately 230 million customers globally, will work with Bring, a white-label crypto cashback company, to launch the program, enabling users to earn ADA for purchases made through the Walmart website. Using the Cardano-base lightweight…
Advertisement     OG memecoin Dogecoin (DOGE) was one of the crypto assets that crashed hard during the recent market pullback, hitting a low of $0.22 on Feb. 3. However, it appears that Dogecoin whales — investors who hold large amounts of the cryptocurrency — were unfazed as they instead took advantage of the market crash to accumulate the asset in significant volumes. Is the accumulation trend hinting that a large move is on the horizon for the Shiba Inu-themed cryptocurrency? Dogecoin Whale Accumulation Is Gaining Momentum Popular market analyst Ali Martinez observed that whale wallets holding between 10…
The United States exchange-traded fund sector has become a Doge-eat-Doge world in recent weeks, with several asset managers clamoring to launch spot Dogecoin ETFs. But at least one fund issuer isn’t hopping into the Doge-pile. For cryptocurrency investment firm Canary Capital, the Shiba Inu-inspired meme coin is all bark and no bite. Canary Capital CEO Steven McClurg told Decrypt this week that his firm has no plans to launch a spot Dogecoin ETF, pointing both to the digital currency’s unlimited supply and lack of utility. The company is one of several issuers engaged in a race to ramp up its…
Advertisement     Digital asset whales have picked up huge Dogecoin (DOGE) holdings amid the ongoing price correction. Meme coins like DOGE, Shiba Inu (SHIB), and Dogwifhat (WIF) recorded outflows in the last seven days, but mid-week numbers show signs of a reversal. The wider crypto market traded sideways after sentiments plunged in reaction to U.S. macro tensions. Whales Take Huge DOGE Positions This week, crypto whales have capitalized on the crypto downturn to accumulate meme coins. On-chain data shows traders acquired 750 million DOGE tokens, which shows strong signs of a possible reversal. This has been re-echoed by…
Advertisement     Deemed as the stepping stone toward making Ethereum (ETH) the internet of blockchains through a full-fledged multi-chain system, Polygon (POL) continues to attract attention in the crypto space. As a result, crypto analyst Roxii recently pointed out that Polygon was eyeing the $0.75 zone if a triple bottom pattern saw the light of day. She pointed out, “POL is fighting to make the current level $.33 a support, this would be pretty much Polygon’s last line of defense. If a support is made, this could be a triple bottom pattern in the making. The upward target…
Litecoin price was a victim of the latest crash just as was the case for most other cryptocurrencies. However, it did demonstrate support just below the $98 price zone, raising hopes of a comeback. Three days have now passed since the crash and its subsequent recovery attempts during which Litecoin demonstrated some accumulation. However, demand has so far been relatively weak and that was evident a few hours before press time when price failed to break out from a wedge pattern. LTC in its 1-hour chart has been trading in a wedge pattern with an ascending support indicating a buildup…
Retail Bitcoin trading in the Asia-Pacific region grew by 6.4% year-over-year in January 2025, while the US declined by 5.7% and the EU dropped 0.7%. The report also noted how Solana has outperformed Bitcoin and Ethereum as the fastest-growing crypto ecosystem. Retail Bitcoin trading in the Asia-Pacific (APAC) region has outpaced the US and Europe, according to an analysis by exchange Gemini and blockchain analytics firm Glassnode. The report, which examined transaction timestamps to link Bitcoin activity to regional working hours, found that Bitcoin retail trading in APAC in January of 2025 grew by 6.4% year-over-year, excluding exchange and exchange-traded…