Mainnet Update

The cryptocurrency market is witnessing a pre-halving consolidation, evidenced by the formation of a narrow range in Bitcoin (BTC). While the majority of major altcoins followed the same trend, the leading cryptocurrency Dogecoin (DOGE) made a notable rise, reaching a 27-month high of $0.228. #ContentStar# #HotTopicDiscussion#

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#CryptoObservers# Are the #Bitcoin# and #BNB# Coin Rockets Firing Up? Expected Within a Few Days The king cryptocurrency has turned its direction upward to break free from the narrow range and is moving towards the $70,000 limit. We are seeing that losses are slowly starting to reverse for altcoins. After the median interest rate forecasts for the next 3 years are released, the roadmap for crypto, which has started to price in the Fed meeting, will become even clearer. On June 7th, a sharp drop began at $72,000, which was not surprising. Despite the high unemployment rate, the additional 0.1% increase in wage increases and the Non-Farm Payrolls coming in close to 100,000 above expectations triggered the sales. Is this a terrible thing? Not so much, and the Fed will not want to amplify such small losses on this challenging journey. It is known that the Fed will not cut interest rates in June. It is likely that we will see the first cut in September, but since it is unknown what we will encounter with the inflation data to be announced on Wednesday, investors will want to remain cautious for a few more days. Bulls finding strength from the 20-day EMA are maintaining the $68,603 level and limiting the pullback. Today, we see that lower levels are being evaluated by buyers with a return near $70,000. If the scenario desired by the bulls comes true, a move towards the $73,777 ATH and the $80,000 main target can start from here. Beyond that, $88,000 and the six-digit price targets that have been dreamed of since day one will come to the agenda. However, if the support level is lost, the decline could deepen to $65,807. #ContentStar# #HotTopicDiscussion# #BountyCreator# #BountyCreator# #GateioBountyCreator# #GateioInto11#

With the official start of summer, according to analysts, the world's largest cryptocurrency Bitcoin may experience a sluggish period in June. Bitcoin showed a 13% increase in May, achieving its eighth consecutive monthly gain in the last nine months and experiencing its best month since it surged 44% in February. This increase could be attributed to last week's ETH-led rally, which occurred before the SEC approved a rule change allowing Ethereum ETFs in the US. This led to a 20% increase in ETH within two days. The future holders of ETH ETFs now need to fill out S-1 registration forms for individual funds. According to analysts, there is a triggering deficiency in the cryptocurrency market in June, along with the halving and the approval of Bitcoin Spot ETFs. Antoni Trenchev said, 'After these new products are fully approved by the SEC, you can expect it to serve as a catalyst for ETH and the broader altcoin space, probably by the end of June.' Bitcoin has been trading in a narrow range since pulling back from its record in March. Trenchev added, "Bitcoin has hardly moved in the past three months, and it's not necessarily a bad thing that the same things continue because long and boring consolidation periods often precede violent movements. Look at the last halving year in 2020, Bitcoin stayed put for five months before skyrocketing." According to historical data, June appears to be unstable for Bitcoin, with BTC price having an average return of only 0.25% in June over the past 10 years. Trenchev noted that the return was distorted by two particularly bad years in 2022 and 2013. Not investment advice #ContentStar# #HotTopicDiscussion# #BTC# #ETH# #PEPE# #ONDO# #DOGE# #GT# #FLOKİ# #BB#

Solana (SOL) March Expectations: Will $200 Come? Solana (SOL) has seen a strong uptrend in recent days, increasing its value by 14%. SOL's trading volume has increased significantly, attracting attention among analysts. Solana's ecosystem is evolving rapidly, and the TVL of the DeFi ecosystem has increased by 40%, ranking fourth in the industry. Solana (SOL) has made significant progress over the past day, showing a strong bullish trend on its chart. Witnessing an impressive rise, Solana's value increased by over 14%, reaching a new year high of $130. This increase could be part of a broader market rally led by Bitcoin, which has surpassed $62,000. Solana's trading volume increased by more than 127%, reaching $7.59 billion in 24 hours. This increase may indicate increased interest among analysts. Solana ranks fifth on CoinMarketCap with a market cap of $57 billion. The Solana market gained momentum after trading in a narrow band between $100 and $110 for about a week. This momentum led to a breakout beyond the resistance level. Despite a brief correction of 5.85%, the bulls quickly took control and drove the price up by 13%. As a result, Solana broke through the $125 resistance and entered an uptrend. Bitcoin has been at the forefront of the market's upswing, especially with the recent approval of spot Bitcoin exchange-traded funds (ETFs) on Jan. 11. The anticipation of the Bitcoin halving has also triggered a strong rise in various cryptocurrencies. The recent highs of the Solana price are attributed to the hype around the Dogwifhat (WIF) meme token, a Solana-based token. 40 Percent Increase in TVL This excitement caused the meme token price to rise by 50% to $0.79 from $0.52 on Feb. 27. Since its launch on December 14, 2023, WIF has skyrocketed by over 374%. Solana's ecosystem is thriving, and the DeFi ecosystem's total value locked (TVL) has increased by 40% year-over-year to $2.5 billion. This ranks fourth in the industry after Ethereum, Tron and BNB. SOL reclaimed the critical $130 level, laying the foundation for future gains. If the bullish momentum continues, there could be a move towards the $170 level on the horizon, potentially rising to $200. However, a possible reversal could cause prices to decline to the $110 support level. The relative strength index (RSI) is hovering just above 70 and may indicate overbought along with a bullish bias. The Chaikin money flow (CMF) index indicates a positive trend at 0.21. Furthermore, the placement of the 20 exponential moving average (EMA) above the 50-EMA underlines the possibility of further gains. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger#