Crypto’s Six-Week Bleed Out: XRP And Solana Defy The Outflow Downtrend
With contrasting events in the industry, crypto investment products have witnessed a continuous outflow for the sixth week. Some altcoins demonstrate resilience in this trend, defying the broader market sentiment. Dissecting The Crypto Outflow Trend Crypto funds have witnessed a net outflow of $9 million in the past week, taking the total to roughly $464 million over the last ten weeks, according to Coinshares’ latest digital asset fund flow weekly report. Related Reading: Crypto Fund Flows: Millions Exit Bitcoin, But These Three Coins Hold Their Ground Relevant digital asset....
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Investment products in the crypto arena have recently reported net inflows of $21 million, breaking a persistent six-week drought. With the crypto market’s future continuously debated among experts, such inflows mark a possible resurgence of confidence among investors. The top cryptocurrency remained at the forefront of this resurgence, capturing most of the inflow. But as Bitcoin continues its dominance, emerging coins like Solana also signify the diversifying landscape of the crypto world. Amid these positive indicators, the Ethereum token, however, tells a different story. Related....
The Ethereum price action continues to stir controversy as market sentiment remains deeply bearish. Notably, a crypto analyst has predicted what they call “the most hated rally in crypto”, suggesting that ETH could defy expectations and surge higher, triggering intense skepticism from traders and investors. Ethereum Price Surge To Spark Controversy Using the Elliott Wave […]
Solana is on a downtrend currently, price of the altcoin has slid below the vital support line of $40. This downslide comes in the middle of a network outage, yet again! A software glitch was responsible for causing an outage that lasted over 4 hours. Solana had also experienced another major outage in the month of January which stretched over 18 hours. This has apparently affected the Solana ecosystem as constant outages causes traders to lose their portfolio value simultaneously. Over the last 24 hours, the altcoin lost about 6.4% of its value. In the last week, SOL depreciated over 12%.....
With gains of over 2,500% in just the past three years, there’s hardly a token more deserving of a seat at crypto’s headquarters than Solana ($SOL). And it offers more than just raw gains. Thanks to its unique Proof of History design, low costs, and comparatively simple user experience, Solana has emerged as the go-to […]
The Solana price was able to clear the resistance at $200 once again, putting it in another unique position for a potential downtrend. At the time, there are multiple formations that suggest that there is an incoming downtrend, putting the SOL price in a perilous position. This is highlighted by crypto analyst Melikatrader, who outlined […]