In what would rank as one of the most expensive sales in the history of NFTs, a CryptoPunk NFT has just been sold for over $500 million, though analysts have begun to raise questions about the legitimacy of the sale.
CryptoPunk 9998 sold for over $500 million
According to the CryptoPunk sales feed, the said NFT CryptoPunk #9998 was sold for $532 million, which means it is the most expensive sale in the history of Cryptopunks.
While this is supposed to be celebrated, the crypto community has met the unusual transaction with doubt, speculating that there could be a kind of manipulation in the sale.
Members of the community have pointed out that the new buyer and the previous holder could be the same individual because the CryptoPunk NFT was sold back to the original address that was holding it previously.
Another school of thought believes that the purchase could have been made through a flash loan. If this was the case, it means the sale of the NFT might have been reversed.
A similar case had happened earlier in the year when this method was used to purchase an NFT which left the holder with an intangible amount of the sales price.
Crypto community reacts
With the intention of the buyer and holder unclear, some have speculated that this could just be someone having fun.
You can borrow as long as you guarantee to pay it back within the same transaction. This person borrowed 500M DAI and a ton of ETH and then paid it back while simultaneously purchasing the crypto punk.
Buzz, in trying to rationalize the sale, stated that it was a flash loan. According to him, “This person borrowed 500M DAI and a ton of ETH and then paid it back while simultaneously purchasing the crypto punk.”
The view of Buzz was also shared by @nanexcool who explained the sale as a flash loan.
However, popular Twitter user David Lark does not share the view. According to him, it is a case of money laundering as he tweeted “Now that is money laundering.”
Ethereum temporarily traded above $4,400 this morning, breaching its previous all-time high of $4,390 before resistance saw it fall to the $4,313 level.
ETH trades above its 34-period exponential moving average at press time and forms higher lows and higher highs, showing a bullish trend from the $3,000 level remains intact.
Image: ETH/USD via TradingView.
Technicals and fundamentals power the Ethereum ascent
The network is valued at over $511 billion at press time, with several fundamental and technical developments preceding today’s milestone.
On the technical side are the deflationary EIP-1559 proposal and ETH 2.0 staking feature, which went live in the past two years. The former burns a portion of network fees each time an Ethereum transaction is done, while the latter is part of the network’s shift to a proof-of-stake consensus design.
Reports from earlier this year suggested Ethereum found favor among the institutional class. Some strategists expect Ethereum to touch the $5,000 mark before 2022, while some even peg a $25,000 price target for the asset in 2025.
Custodian and clearing service Copper said last month that the increasing use of DeFi applications and non-fungible tokens (NFTs) were helping propel Ethereum ahead of Bitcoin among institutional classes.
“Rather than just being a pure commodity, ETH becomes something of a yield-generating asset, where you can lock it for an interest rate, and you can raise debt against it,” noted Fadi Aboualfa, Head of Research at Copper.
“Despite ongoing issues with congestion on the network, institutional investors have been transfixed by the innovation happening on Ethereum. From stablecoins running on top of it to the numerous DeFi and NFT projects, the Ethereum network is undeniably the most utilized in the entire crypto space,” he added.
Burning ETH
Effects of the deflationary design are in full display. Data from Ethereum tracker WatchTheBurn shows nearly $2.8 billion worth of the asset has been shaved off in the past few months—taking over 669,000 Ethereum out of the circulating supply permanently.
Such market dynamics create a hot bet: continually lowering supply and increased demand mean much higher prices for Ethereum in the future, compared to Bitcoin which has a fixed supply of 21 million and no deflationary mechanics.
But despite such mechanisms and billions of dollars locked up in numerous DeFi protocols, the criticisms remain. Ethereum’s gas fee issue proves to be a perennial problem—gas can cost over $500 during times of network congestion—and transaction times remain slow at 13 tps. Competitors like Solana, Polkadot, and even Cardano are capitalizing on this, promising much faster networks and charging pennies in fees.
Gate.io, a bitcoin and crypto exchange company, today announced a cooperation with the decentralized financial data provider, Pyth Network, to provide reliable cryptocurrency pricing data on the platform.
By partnering with Pyth Network, data providers such as Gate.io contribute regular, live market data, and developers are able to access this data directly on the blockchain. Pyth Network is a Solana-based data aggregation platform for the decentralized finance (DeFi) market. It helps solve a problem faced by DeFi by making available high-fidelity and time-sensitive data.
“Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io. Over 6 million users around the world rely on up-to-date, reliable data when trading on our platform and as such we have partnered with Pyth network to ensure the best possible trading experience for our users.” – Marie Tatibouet, Chief Marketing Officer at Gate.io
Gate.io offers spot, margin, futures, and contract trading in addition to DeFi products through Hipo DeFi, custodial services through Wallet.io, investments through Gate Labs, and its GateChain platform. Furthermore, the company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans, and more.
Dogecoin (DOGE) jumped nearly 50% this morning as ‘Dogecoin Killer’ Shiba Inu (SHIB) fell -10%, displaying signs of a mean reversion trade to bring the Dogecoin and Shiba Inu market caps to parity.
Mean reversion strategies attempt to capture profits as the price of asset returns to more normal levels, or the average. Such a strategy in your trading doesn’t necessarily indicate that the price will fall, only that two correlated assets are brought back in line with each other.
The mean could also simply move up to meet the price. That would also constitute reversion to the mean because the price is back in line with its average. While reversion to the mean occurs regularly, prices rarely stay exactly at the mean for long.
Wednesday’s mean reversion trade centered at Dogecoin and Shiba Inu, the two large-cap cryptocurrencies correlated by both meme value and market caps.
Image: DOGE/USD via TradingView.
DOGE spiked to over $0.33 from under $0.23 last night, while Shiba Inu dropped to $0.00005 from last night’s $0.00008 high. The latter even slipped above Dogecoin with a $36 billion market cap for a few hours, above Dogecoin’s $31 billion marketcap.
Traders stepped in to short (meaning to bet against and profit from falling prices) Shiba Inu at the $0.00008 price level. Data from analytics tool Bybt shows nearly $50 million worth of SHIB longs were liquidated as prices fell, part of a broader market fall that liquidated $232 million across other cryptocurrencies in total.
Image: SHIB/USD via TradingView.
Shiba Inu was a traders’ favorite yesterday. Over $36 billion of SHIB traded as of Wednesday night, surpassed only by Bitcoin’s $45 billion and Tether’s $75 billion. It become the second-most traded asset—ahead of more technically-astound blockchains like Ethereum and Solana.
Meanwhile, top traders seemed to be playing out the short Shiba Inu, long Dogecoin trade. These included the likes of Su Zhu, CEO of crypto trading firm Three Arrows Capital, who said on Twitter, “88e-6 $shib touched. rotatooor to .88 $doge now?.”
GCR, an anonymous trader ranked among the biggest traders by volume and profits on crypto exchange FTX, cautioned about the trade playing out in a tweet on Tuesday.
i do not believe shib will be able to flip doge on any meaningful timeframe [could happen on a wick, or very short burst]
as the marketcaps converge, an obvious trade will unfold before you
Today’s mean-reversion trade could likely be limited to an intraday market part or become part of a broader interplay between Shiba Inu and Dogecoin. You can bet traders are probably transfixed to their screens watching these meme tickers.
NEW ATH ESTABLISHED, LISBON CONFERENCE COMING UPLast week Solana (SOL/USDT) was one of the best performing assets out of the TOP 30 coins with an impressive result of +33%. Only Shiba Inu (SHIB/USDT) saw a higher increase (+46.3% compared to seven days ago), but the market capitalization of the Solana Network's blockchain is more than three times bigger than SHIB's ($64B vs $20B) which in my mind makes that a slightly better achievement. SOL managed to bypass XRP (XRP/USDT) and currently is the sixth largest crypto according to coingecko.com. Last Friday the bulls even attempted to set the new ATH but got rejected just $1 short and ultimately the highest ever price was finally established three days later – yesterday - on Monday the 25th , a few hours before I started writing the article that's in front of your eyes.At the moment the Solana token is trading at $211 and many people are wondering what's next: more green or possibly a correction time? Let's consider a couple of aspects to get a clearer picture. First of all, why it's still a great investment – on a macro scale:- the S&P500 index has been hitting all-time highs again and while we are definitely not out of the woods, at least the global recession seems to have been 'temporarily postponed'. Also, China FUD has diminished in recent days with Evergrande somehow managing to make their critical payments over the weekend.- inflation is becoming the most talked about issue across the globe and sadly is likely here to stay for a longer while forcing capital to flow into crypto.As for the Solana token itself, I have collected a couple of really interesting stats and updates for you:- NFTs have been booming: Solanart, FTX US launching SOL-based NFT marketplace. One Solana NFT sold for $2.1M breaking the network's record.- NFT-based gaming sector looks set to become huge soon with Solana taking a large portion of that cake. The first ever move-to-earn NFT game Genopets raised $8.3M and there is more to come soon. Minting non-fungible tokens is much cheaper using the Solana blockchain than Ethereum's one. In case you might have forgotten, the ETH/SOL bridge is live and working well. Value can be transferred both ways now.- Total number of SOL wallets has increased by 23% (month to month) which is crucial for the blockchain's network effect.- Total value locked in Solana DeFi has increased by 15% over the recent seven days and the blockchain is 3rd in respect of TVL with $13.62B out of circulation because of this.- Biggest Solana event so far called BREAKPOINT coming up in two weeks, more on the subject in my next article on the token, stay tuned to cryptodaily.co.uk. The conference will take place in Lisbon (7-10th Nov). By the way, the conference is probably the main reason behind the recent price appreciation. By this point, all of us should know too well how such events affect price action – ''buy the rumour, sell the news'' situation is likely to occur. Which brings me to the other question, why investors should think twice before putting their funds into the 6th largest crypto asset. Yup, the ''sell the news'' part. Unless SOL gets some breakthrough announcement, partnership etc, I fully expect a lot of selling pressure that could even start a day or two before Lisbon. Plus, as a rule, you don't usually want to be buying any assets so close to their record prices.
TECHNICAL STUFF
Turning to the charts, we see that the Solana's token broke out of the symmetrical triangle very nicely on 20th of October and the potential target of this movement is roughly at $230. Although if I'm honest, I don't fully trust technical analysis when an asset just hit its ATH due to the lack of previous history at such levels. The new record price obviously means a higher high but we need to wait a couple of days to see what kind of a low will be produced next. SOL has had six green candles in a row, but I'm not liking the long top wicks in these candlesticks on the daily – it looks like there might be some serious amount of selling pressure and we could see a short-term trend reversal soon. The $200 mark has become our first area of support for now and if that doesn't hold, then there should be some help around $175 and a great deal of support around $158 (VPVR's red line). The RSI 14 is on a 5-week long uptrend with a series of higher highs and higher lows and still has got enough room to sustain more growth. All in all, Solana while fundamentally becoming stronger and stronger each week as an asset, currently is finding itself in a risky situation as a potential investment with a likely correction within two weeks in my opinion. So, let's not FOMO IN, always consider the potential risk to reward ratio before making any decisions.Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
According to FT, some Chinese investors are defying China’s crypto ban by turning to decentralized exchanges (DEXs).
Rather than accept notices of account closure from centralized exchanges (CEXs), diehard investors are looking at DEXs to continue trading crypto.
What’s more, as pointed out by some, authorities cannot stop DEXs and DeFi when the protocols are designed to facilitate interaction without a centralized intermediary.
“How can authorities stop me when the industry has developed to evade centralised control?”
Given that users will circumvent barriers placed before them, this situation rehashes the debate on whether crypto bans are worth implementing in the first place.
China bans crypto, again
Following May’s clampdown by Chinese authorities, the crypto industry has been in limbo.
However, since then, the U.S has shot to the top spot as the favored destination for miners, and a recovering Bitcoin price suggests the worst is behind us.
Chinese authorities say the blanket ban was necessary to protect the environment from harmful emissions and end wasteful energy practices. They also draw links between cryptocurrencies and financial fraud, and terrorism.
However, others speculate that the motivation behind the ban was to promote the incoming digital yuan. By killing the competition, China’s digital currency has greater scope for adoption.
Either way, as demonstrated by China’s ban of fiat-to-crypto exchanges in 2018, investors will find a way to circumvent issues.
Some say Tether’s domination of the stablecoin market is mainly due to Chinese investors using USDT and over-the-counter merchants to get around the fiat-to-crypto ban.
And so, with DEXs and P2P taking the place of CEXs, as a way to trade in China, have Chinese authorities scored their own goal in implementing a blanket ban?
Skirting the ban
Research by on-chain analysis firm Chainalysis shows that past actions by authorities have reduced crypto volume in China.
“China’s share of global bitcoin transactions peaked in November 2019 at 15 per cent, and had fallen to 5 per cent in June 2021.”
But, at the same time, China remains the most active crypto market in Asia, accounting for $256 billion in volume for the year to June 2021. Figures show that 49% of that came through trading on DeFi platforms, with Uniswap now the second biggest exchange in East Asia (by volume) as a result.
Deng Jianpeng, the Director of the Finance, Science and Technology Research Centre at the Central University of Finance and Economics in Beijing, said the latest ban had stopped new participants from entering the market. But, he adds, seasoned investors are not put off by the ban.
“But there will always be some people who will try to find new investment routes, like using an overseas platform or through decentralised exchanges.”
The New York Attorney General, Letitia James, has ordered Nexo and Celsius Network, which she identified as “unregistered crypto lending platforms” within her office’s jurisdiction to cease and desist from all operations, following investigations into their regulatory status.
The New York Attorney General’s Office (NYAG) did not specify both Nexo and Celsius Network as recipients of the cease and desist letters. The letters, however, had filenames pointing to the aforementioned as recipients.
“Cryptocurrency platforms must follow the law, just like everyone else, which is why we are now directing two crypto companies to shut down and forcing three more to answer questions immediately,” James stated in an NYAG press release.
The redacted letters indicate that three other crypto firms have been ordered to hand over information about their operations to the NYAG. These investigations have followed NYAG’s initial moves into regulation virtual currency products, under which cryptocurrencies as well as crypto assets staked in decentralized finance (DeFi) platforms are categorized.
"Nexo is not offering its Earn Product and Exchange in New York, so it makes little sense to be receiving a C&D for something we are not offering in NY anyway. But we will engage with the NY AG as this is a clear case of mixing up the letter’s recipients. We use IP-based geoblocking." a Nexo spokesperson clarified.
According to the NYAG, products under these categories “promise a fixed or variable rate of return to investors, and claim to deliver those returns by, among other things, trading with, or further lending those virtual assets."
The office further claims that these five platforms, among others, offer “interest-bearing accounts” which fall under the category of securities, based on New York’s 1921 Martin Act. The same legislative act provides the NYAG with judicial powers over such instances, in that it is allowed to pursue investigations on cases of alleged securities fraud within its jurisdiction.
Celsius Network recently raised some $400 million in funding, despite the current regulatory backlash that it is facing. BlockFi, another prominent firm in the crypto lending and borrowing space, is also under investigation.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
This post was last updated on October 17th, 2021 at 06:32 am
Earlier in the year, Tesla made the headlines in the crypto space for its bold entrance into the industry with an investment of $1.5 billion into the leading digital asset, Bitcoin.
Tesla makes $1 billion from BTC
As of today, with Bitcoin’s price rallying to new heights since the beginning of October, touching as high as $59,500, the investment of the electric car maker is now worth around $2.5 billion — a whopping $1 billion gain on its investment.
According to data from Bitcoin Treasuries, a leading online analytics site designed for the flagship coin, Tesla’s gain represents a 65 percent increase to what it paid for the asset in February. The data also revealed that the Elon Musk-led company currently holds around 43,200 units of the coin.
Interestingly, Tesla had revealed that it sold 10 percent of its holdings in the second quarter of the year. Then, the company had sold its assets at an average price of $50,000 gaining around $128 million from the sales.
However, with Bitcoin price spiking massively recently, the net profit of the electric car crypto holding has matched its income from the sales of its vehicles.
Per Tesla, it made $1.14 billion in net profit for the second quarter —the first time it will ever cross the $1 billion mark. Most of this profit was recorded through the sales of its cars and the sales of regulatory credits.
With all of the gains in sight, and with Bitcoin price still bullish, analysts have opined that “Tesla’s Q3 could be its strongest quarter ever.”
It is important to note that Tesla is not the only company to have recorded gains from its BTC holdings. Michael Saylor-led Microstrategy has invested over $3 billion in the leading crypto asset, as of press time, its holdings are now cumulatively worth over $6 billion which is double its investment into the space.
On the other hand, Jack Dorsey’s Square Investment of $220 million has also yielded a gain of over $250 million.
BlockFills, a cryptocurrency trading technology company, announced today the release of Phoenix, its new Software-as-a-Service (SaaS) crypto interface designed for institutional clients to access the company’s proprietary cryptocurrency trading technology and liquidity.
With the new platform, investors have access to the following capabilities:
Desktop, Mac-native, web, and mobile platform versions
A virtually limitless choice of studies, drawing tools, and a completely customizable user-interface
Volume-weighted average price (VWAP), volume profile, order flow, real-time market cap, correlation matrices, heatmaps, and more
On-chart trading and advanced capabilities such as server-side OCO (order-cancel-order) commands
Real-time on-chain network data such as difficulty and hash rate, analytics, and data export capabilities
Deep liquidity supported by battle-tested infrastructure
All the bespoke technical services provided by BlockFills
Phoenix is the latest addition to BlockFills’ growing SaaS ecosystem, which is focused on liquidity providers and professional consumers. The company, founded in 2018, introduced its software division in the first quarter of 2021 with two new institutional trading solutions, called “Vision” and “Zephyr.”
“Our team noticed a gap in the technology available – other crypto platforms frequently crash, provide subpar customer service, execute orders at different price points, or generally have poor tech design. Based on our decades of experience in institutional trading, we knew there could and should be a better option. So, we launched Phoenix.” – Nick Hammer, Co-Founder & CEO of BlockFills
Last week, Ethereum devs Tim Beiko and James Hancock posted proposal 4345 to delay the difficulty time bomb until May 2022.
The difficulty time bomb refers to a process that would make Ethereum mining increasingly harder to do. The idea is to arrive at a point where mining is no longer profitable.
When that happens, the blockchain would grind to a halt as miners switch off their equipment or move their mining resources to other chains. This intends to gradually phase out miners as part of Ethereum’s switch from proof-of-work (PoW) to a proof-of-stake (PoS) network.
Throughout this transition process, the mining community has undergone a great deal of uncertainty. While ETH 2.0 is inevitable, there’s no doubt miners are happy to prolong the current situation to maximize their profit potential.
But, more to the point, what can we deduce from another proposed delay to the difficulty time bomb?
What’s the story behind the Ethereum difficulty bomb?
The London upgrade, which went live on August 5, was all about proposal 1559 – fee market change for more predictable gas fees.
However, this upgrade also contained a number of other proposals that made the cut. Those being:
Under proposal 3554, the difficulty time bomb was already delayed to December when the London upgrade rolled out.
Gearing up for ETH 2.0, difficulty time bombs have been detonated twice in Ethereum’s history. Once in 2017, and more recently in November 2019 under EIP 2387.
But a reluctance to denote another time bomb suggests Ethereum devs aren’t ready to start the process of phasing out miners altogether just yet.
Under EIP 4345, the devs are looking at detonating the bomb mid-way through Q2 2022. Adding that the bomb can be readjusted (for a longer burn until mining is impossible) or removed altogether.
“Targeting for the Shanghai upgrade and/or the Merge to occur before May 2022. Either the bomb can be readjusted at that time, or removed all together.”
When is ETH 2.0 ready to roll out?
The latest info from developers ConsenSys states “the merge” is set for Q1/Q2 2022.
Making the switch to PoS involves running the ETH 1.0 and ETH 2.0 chains in parallel until some future date when both chains can be merged. This is when Ethereum ceases to be a PoW blockchain.
Some see this as the point when Ethereum 2.0 goes live. But there is an additional phase, “Shard Chains,” to improve scalability, that is set to roll out in late 2022.
However, if EIP 4345 occurs in Q2 2022, then the merge cannot happen until some date after then. This would suggest ETH 2.0 is running behind schedule.
AlgoTrader, a technology provider for institutional-grade cryptocurrency asset trading, and Peer Energy, a sustainable technology innovator, announced today a new partnership to develop carbon-compensated crypto trading for banking clients. Their product, the Green Bitcoin Wallet, will enable banks to expand their revenue base while boosting their environmental footprint.
“We are excited to have AlgoTrader joining our war on carbon. Tying our PEP token to crypto transactions means customers can promote renewable energy production and increased efficiency while trading.” – Peer Energy CEO Robert Bühler
Combining revenue and sustainability for banks
With their project, AlgoTrader and Peer Energy succeeded at the accelerator program run by BLKB and Venturelab. For the Swiss bank, opening new revenue streams while underscoring its commitment to sustainability and innovation was the perfect strategic match.
The Green Bitcoin Wallet executes carbon compensation through a peer-to-peer network. In contrast to conventional carbon offset contributions, Peer Energy’s blockchain-based PEP tokens represent carbon which gets programmatically avoided. The money paid for the tokens contributes to the local energy transition, efficiency gains, and innovations. The product’s inherent transparency – tracking each transaction and its corresponding carbon offset – will also comply with ESG reporting standards.
While interest in digital assets has never been higher, there is increasing concern about the environmental cost. Peer Energy calculates that although a Bitcoin transaction costs the user only USD 7, the carbon cost is USD 45. A Bitcoin block that may generate USD 200,000 in mining reward at current prices also entails a shocking USD 166,000 energy cost.
“The market is ripe for client-focused offerings that foreground sustainability. Banks that can give customers tools to access digital asset trading will be one step ahead. Ensuring that environmental concerns are not neglected is a crucial part of meeting the expectations of clients as well as regulators.” – AlgoTrader Founder & CEO Andy Flury
Frank Miller, the creator of the iconic Sin City comic book, has sold his non-fungible token for $840,986.16. The auction was of an original piece of art titled “I Love You, Nancy Callahan.” According to sources who were involved with the auction, the auction amount is the highest price paid for a comic book art NFT.
Although Miller is new to the NFT space and NFT art, he had help from a couple of NFT-focused game companies, Concept Art House and Gala Games. The companies helped to create the NFT, which uses blockchain technology to authenticate the artwork.
Details Of The NFT
The NFT, titled “I Love You, Nancy Callahan,” is an animated creation with sound design and consists of the original comic panels highlighting one of the most profound stories in the Sin City universe, the death of Detective Hartigan.
The unique piece was sold in partnership with OpenSea to the highest bid received over a period of 24 hours. One of the criteria for the auction was that if a bid was received in the last five minutes, an additional ten minutes would be added to the auction. This was done to ensure that all parties had the opportunity to follow up on the bid received.
The above rule ended up extending the auction by an additional two hours, with three bidders active during the final stages of the auction.
A Bidding Frenzy
With three bidders active until the closing stages of the bid, with significant jumps in the bidding amount as high as $25,000 and $50,000. The bids then went from $435,000 to $591,000 and then to $800,000 before finally closing at $840,986.16.
With the NFT selling for $840,986.16, it became the most expensive piece of art sold by Frank Miller. Frank Miller’s most valuable piece of art is his cover art that features a lightning bolt, created for The Dark Knight Returns. This piece is valued at $1.6 million but is currently not for sale.
Miller’s Other Artwork
In 2011, Frank Miller’s Batman The Dark Knight No. 3 Batman and Robin splash page was the most expensive original artwork by an American to be sold at an auction when it sold for $448,000. According to details released by Heritage Auctions Hall of Fame for Comics and Comic Art, that particular piece now ranks as the 10th most expensive comic book artwork ever sold, while the current artwork ranks as No.3.
Miller released a statement stating,
“I am so honored to see the fans of mine, of Marv, of Sin City participating in this new world. One thing you never get making comics is the three-dimensionality (of NFTs). It is something that you aspire to when you’re drawing, but to really see things form and move like in I Love You, Nancy Callahan, it’s really wonderful.”
Celebrating The 30th Anniversary Of The Sin City Graphic Novel
To celebrate the 30th anniversary of the graphic novel, Miller has partnered with Gala Labs and Concept Art House to create a series of 10 NFTs. Concept Art utilized motion and sound design to bring the artwork to life, while Gala Labs built a proprietary platform for further sales. Frank Miller had spoken exclusively to CryptoDaily, where he talked extensively about NFTs and the upcoming NFT launch to celebrate the 30th Anniversary of the Sin City Graphic Novel.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin (BTC/USD) continued to trade very technically early in the North American session as traders have focused on key technical levels following recent price activity around the 49795 and 50089 levels, representing the 76.4% and 78.6% retracement levels of the depreciating range from 52944.96 to 39600. The 51109.18 area represents the 61.8% retracement of the depreciating range from 64899 to 28800. Technical buying recently emerged around the 100-hour simple moving average, lifting BTC/USD from around the 46916.70 area and providing enough upside momentum to challenge the 50000 figure and trade as high as the 50380.38 level. This upward buying pressure also represented a test of the 46849.50 level, representing the 50% retracement of the broader depreciating range from 64899 to 28800.
Additional upside retracement levels in this depreciating range include the 51109.18, 56379.64, and 57173.81 levels. Following the pair’s recent gains, downside retracement levels and areas of potential technical support include the 47657, 46118, 44873, and 43629 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 46217.78 and the 50-bar MA (Hourly) at 48777.58.
Technical Support is expected around 39600/ 37401.27/ 34881.40 with Stops expected below.
Technical Resistance is expected around 53025.00/ 54088.38/ 55841.04 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
At the turn of 2017 and 2018, the Ripple cryptocurrency made a dizzying leap, briefly becoming the second most capitalized cryptocurrency in the world after Bitcoin. This growth was followed by a long and painful decline in the exchange rate and capitalization of XRP. The drop turned out to be even deeper on average than the general sagging capitalization of cryptocurrencies.
What Is XRP?
XRP was created neither as an alternative means of payment nor as an alternative to traditional paper money and the entire banking system as a whole (like most other cryptocurrencies).
The purpose of XRP is the emergence of a new method of calculation for the banking system, that is, the creation of an alternative system of interbank transfers with a minimum commission.
The main goal of the Ripple protocol is to ensure a high speed of money transfers. The system uses a consensus registry to record information about transactions, which differs in many ways from the classic blockchain. In traditional consensus algorithms, such as Proof-of-Work (PoW) or Proof-of-Stake (PoS), trust in nodes is formed based on their computing power or the value of the balance. In Ripple, trust is built on the reputation of the owners of node validators, which are banks and other registered companies (Axis Bank, American Express, Royal Bank of Canada). Confirmation of transactions is carried out by reaching an agreement on their authenticity between the validators.
Since the release of the maximum number of XRP tokens (1 billion coins) occurred at an early stage of the protocol’s existence, it is impossible to get coins in the system by mining or forging. There is no reward for checking transactions: commissions for making transfers are irrevocably “burned out,” reducing the number of tokens in circulation. Banks that use the protocol for mutual settlements are interested in the system’s stable operation, so they are most often the holders of the node.
Ripple network consensus mechanism is often criticized for its lack of transparency and low degree of decentralization. In July 2021, only 55 node validators performed transaction verification. The system developers recognize the need to expand the network: in their blog, the company has repeatedly announced plans to increase the number of trusted nodes.
Ripple supports instant currency and asset conversion. The user does not need to worry about what kind of currency is on his balance: when making a transfer, the exchange will be carried out automatically. The ability to exchange in such a fast manner turns the system into a central hub for international settlements and interbank payments.
The creators of the system are in favor of the legislative regulation of cryptocurrencies. Strict adherence to formal requirements has provided Ripple with wide recognition among major financial institutions. Since 2014, well-known banks such as Mitsubishi UFJ, UBS, and Unicredit have been actively connected to the system.
Ripple Technical Analysis
The Ripple network operates based on the Ripple protocol consensus algorithm. It does not use the famous Proof of Work or Proof of Stake systems. Instead, the Ripple transaction protocol performs consistent validation of accounts and transactions of the ecosystem by many independent nodes.
For the operation to pass validation, all nodes must agree on it, and this is the only way to perform transactions. This protocol allows the system to prevent “double spending,” primarily by conducting surveys to determine the majority opinion. Double spending is the risk that a digital currency can be spent twice. It is a potential problem unique to digital currencies because digital information can be reproduced relatively easily by savvy individuals who understand the blockchain network and the computing power necessary to manipulate it.
Ripple will not allow you to spend the same amount of coins two or more times because the system detects the requested transaction first and deletes all the subsequent ones. The validation process in this consensus protocol takes only a few seconds, so the transaction time is minimal: on average, it takes about four seconds to complete the operation.
The Ripple protocol works using gateways. The gateway acts as an intermediary in the chain of trust between two parties who want to complete a transaction. As a rule, banks are the gateways. The architecture of Ripple is similar to the architecture of the SWIFT global fast payment system.
XRP Price Analysis
For many years after its creation, the price of the XRP coin was so insignificant that it was almost worthless. Until 2017, the asset’s value fluctuated around $0.01, but this changed shortly as the token began to receive broader coverage. It also took advantage of the bullish growth of the crypto industry that year. By April 2017, XRP had risen to $0.05; the gradual increase soon continued, reaching $0.25 in May.
After that, the asset had reached the point of no return, as it attracted the attention of crypto enthusiasts, who saw the value and potential of the XRP coin. The asset’s value grew throughout 2017 and until the beginning of 2018, when it reached a record level of $3.84. But this was soon followed by a sharp drop in value, which affected all other cryptocurrencies. By the end of 2019, the price of XRP stabilized at $0.30 and did not exceed the $0.5 mark throughout the year.
However, the bullish growth of 2020, which began by the end of the year, helped the XRP currency exchange rate to rise. The value of the token reached $0.8 before the end of the year. The beginning of 2021 was supposed to be a continuation of the growth in the value of XRP, but this could not happen due to the SEC’s announcement of a lawsuit.
After the announcement, some exchanges excluded XRP from their platforms. Many of those who held the coin also sold it in a panic. This led to the fact that the price of XRP started to decline steadily to $0.166. However, XRP rose again to $0.755. Currently, Ripple is trading from $0.4 to $0.5.
Looking at this review, we can see the high volatility of XRP over the past few months, which makes it challenging to make a Ripple forecast. But volatility does not prevent analysts from making XRP forecasts based on trends. This only means that these forecasts can change at the slightest real news in the market. However, they still give a rough estimate of what to expect from the Ripple rate.
Will Ripple XRP Price Rise Again?
Apart from the influence of general crypto market trends on the price of XRP, there are seven categories of factors that are potentially important for the Ripple exchange rate:
The interest of global financial institutions.
Speculative events on the cryptocurrency market, including regional ones.
Informational reasons related to the development of technologies.
News of competing cryptocurrencies and financial services.
Actions of financial regulators.
Lawsuits against Ripple Labs, Inc. and the course of their consideration.
Potential price manipulations of the company itself.
In the past, the popularity of XRP and, as a result, the growth of its value largely depended on partnerships with these traditional institutions. Forming more partnerships will result in deeper acceptance by society, which invariably means higher value.
However, everything is not so simple for XRP. The SEC’s lawsuit further complicates the situation. Before the SEC filed the case, the XRP projections had been positive, even if they did not inspire optimism. But the lawsuit interrupts the breakthrough and makes Ripple’s price prediction trajectory more difficult and enables Ripple to take the profit at the time when the crypto market was growing rapidly.
Given how difficult it is to predict a digital asset accurately due to the extremely high volatility on the crypto market, it is even more so for XRP. After the trial, more and more traders are showing a bearish attitude towards the XRP cryptocurrency, raising fears that it may fall below 10 cents. However, the increase in prices from retail investors and traders allowed it to rise again.
If XRP experiences a real breakthrough in 2021, it could reach its historical maximum of more than $3. But this looks unlikely while the SEC lawsuit is hanging over their head.
XRP Price Prediction 2021
According to the forecast price and technical analysis of XRP, in 2021, it is expected that the price will NOT cross the average price level of $1.35; the expected minimum value of the XRP price by the end of this year should be $1.30. Moreover, XRP may reach the maximum price level of $1.42.
Month
Minimum Price
Average Price
Maximum Price
October 2021
1.06
1.12
1.18
November 2021
1.24
1.28
1.33
December 2021
1.30
1.35
1.42
XRP Price Prediction September 2021
The forecast of the XRP exchange rate for September 2021: $1.263 at the beginning and $1.352 at the end of the month.
The XRP exchange rate for September will be $1.300; the maximum value is expected at $1.360 per coin; the minimum will be $1.242. For September 2021, XRP is projected to grow by $0.036998 or +2.93%.
XRP Price Prediction October 2021
The forecast of the XRP exchange rate for October 2021: $1.358 at the beginning and $1.385 at the end of the month.
The XRP rate for October will be $1.374; the maximum value is expected at $1.397 per coin; the minimum will be at $1.347. The XRP price in October 2021 will grow by $0.07407 or +5.70%.
XRP Price Prediction November 2021
The forecast of the XRP exchange rate for November 2021: $1.390 at the beginning and $1.474 at the end of the month.
The XRP exchange rate for November will be $1.443; the maximum price is expected at $1.506 per coin; the minimum will be $1.382. Throughout November 2021, the XRP price will grow by $0.06857 or +4.99%.
XRP Price Prediction at the End of 2021 and in December 2021
The forecast of the XRP rate for December 2021: $1.478 at the beginning and $1.528 at the end of the month.
The Ripple digital coin rate for December will be $1.502; the maximum cost is expected at $1.544 per coin; the minimum will be $1.463. The XRP rate for December 2021 will grow by $0.05896 or +4.099%.
According to the analyst, the Ripple payment network native token (XRP) looks the readiest for growth and updating the historical maximum. In the event of another impulse, the XRP’s price may reach the level of $2.8 (an increase of 100% from current levels) and then exceed $4.3 (a rise of 244% from current levels), says van de Poppe. On September 5, XRP was trading for $1.25. Over the past month, the cryptocurrency has grown by 127%.
XRP Price Prediction 2022
Ripple price has gained support from some of the investment biggies, and the number of partnerships and events with crypto companies shows that many believe in the currency. The recent XRP price predictions and its price movement might mark a tremendous improvement by the end of the year unlike other major coins such as BTC and ETH, and cross its previous all-time high price of $3.84.
XRP Price Prediction 2025
Four years is a lot of time to determine what the actual price will be, especially for such a volatile market as cryptocurrency. However, according to the algorithmic analysis of Coinswitch, by 2025, the cost of Ripple might be about $4.52.
The future and current partnerships with banks in Latin America and Europe will help Ripple technology. It will open the door for XRP cryptocurrency to gain wider distribution in other parts of the world. This is already a work in progress since a more significant percentage of XRP holders are located outside of America.
Coinpedia is more optimistic about how much the XRP coin will cost in 2025; according to its price forecast, by then, the currency will be in the range of $4 to $8, which will be a record level. However, the middle of this forecast is suggested as a likely result. This means that by 2025, one XRP will cost about $6. By this time, the acceptance level will reach a mark where it will be more convenient for users to conduct a transaction with a currency and trade with it. Thus, for 2025, the maximum projected value of the asset will be $8, but it may fall to $4.
Ripple price prediction for 2025 is presented in the table below.
MONTH
OPEN
CLOSE
MO%
TOTAL%
Jan 2025
$0.48
$0.40
-16.7%
-45.9%
Feb 2025
$0.40
$0.34
-15.0%
-54.1%
Mar 2025
$0.34
$0.29
-14.7%
-60.8%
Apr 2025
$0.29
$0.34
17.2%
-54.1%
May 2025
$0.34
$0.39
14.7%
-47.3%
Jun 2025
$0.39
$0.39
0.0%
-47.3%
Jul 2025
$0.39
$0.33
-15.4%
-55.4%
Aug 2025
$0.33
$0.38
15.2%
-48.6%
Sep 2025
$0.38
$0.32
-15.8%
-56.8%
Oct 2025
$0.32
$0.24
-13.9%
-55.8%
Nov 2025
$0.24
$0.45
+34.5%
+31.2%
Dec 2025
$0.45
$0.89
+48.7%
+44.3%
XRP Price Prediction 2030
The long-term forecast of what the value of XRP will be in the next ten years also looks pretty remarkable. Experts expect that the currency will grow exponentially as the speed of its adoption will increase over time. According to forecasts, by 2030, its rate will exceed $17. According to Coinwatch, crypto enthusiasts believe that the use of XRP will increase significantly by that time, so it might become one of the favorite cryptocurrencies.
XRP Price Prediction by Experts
The online forecast service Wallet Investor has taken a bearish position in its forecasts about the future of the XRP price. The resource predicts that XRP will trade well above $0.70 in the first days of 2022, right before falling sharply.
According to the long-term Ripple price forecast on the website, it is expected that by the end of 2021, the coin will be trading at an average of $0.80. After starting 2022 at $0.90, that XRP will fall below the $0.1 level in August and recover to close the year at $0.77. Looking even further, the projected cost of XRP in November 2025 will be in the range of $1.20 to $1.60.
According to TradingBeasts.com, the coin will close 2021 at $1.3 with a maximum target price of $1.79 and a minimum of $0.83. Based on the XRP price forecast for 2022, the cryptocurrency should end next year at around $2.66.
On the other hand, according to CoinSwitch’s forecast, XRP might reach the $2 mark in 2021, trade at about $3 in 2023, and grow to $4.52 in 2025 thanks to new partnerships and new technologies.
It is difficult to predict the value of digital currencies due to their high volatility and unclear position of the world central banks in relation to them. If the situation with the SEC’s lawsuit is successfully resolved, it can be assumed that the price will return to or exceed the April 2021 maximum of $1.96. In 2022, the coin may break its record of 2018, when it was estimated at $3.24.
FAQ
Will XRP hit $5?
According to the XRP price forecasts presented above, the majority of experts are sure Ripple will not reach $10. However, the price of $5 is a realistic sum.
Is XRP a good investment?
The internal currency of Ripple is an exciting and popular product with a bright future price perspective. An important role is played by a complete lack of competition with other crypto projects.
The widespread use of the Ripple coin makes it popular in various circles of society – from financial corporations to ordinary private users. Therefore, the purchase of digital currency looks like a promising idea.
Will XRP ever reach $10?
Anything is possible, but it’s doubtful that Ripple will reach $10 in the foreseeable future. Ripple potential will grow if it becomes the best choice for cross-border payments by financial institutions, but this is a very rosy long-term prediction.
Will Ripple explode?
Ripple has been the rapid and secure payment gateway that it has manifested, allowing users worldwide under no encumbrances of government or any other financial institution, making it completely customer-focused. And as per the recent price movements, it may soon show a considerable gain, and hence, it is good to hold XRP coins.
Is Ripple a bad investment?
Ripple is unlikely to be a bad investment because it has proven to be very popular among financial institutions, which could drastically increase demand for crypto. Furthermore, as we have pointed out in this article, Ripple could benefit hugely if regulations are implemented. The most concerning issue with Ripple is its case with the SEC.
Is there any hope for XRP?
According to the XRP technical analysis and XRP price history, investing in XRP may bring you profit if you properly evaluate your risk, position yourself wisely, do your own research and take profits when the time is right. Most investors see XRP as a long-term profitable investment.
Will XRP reach $100?
The XRP coin has an incredibly substantial total supply, 100 000 000 000 XRP. As you probably know, the price of one coin is obtained when you divide the market cap by the circulating supply.
As of right now, XRP = $0.7564 at a market cap of $29,303,993,685 which gives us a circulating supply of 38,739,144,847.
Given these figures, it’s clear that for the XRP coin’s price it is almost impossible to reach $100; its market cap will have to be 100x more at least. This seems rather challenging for the asset’s value to achieve in the next five years, considering the competition and the relatively small size of the cryptocurrency market.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Solana is not exactly a new cryptocurrency, but it has only gained traction and widespread popularity in the last few months. Its astronomical rise upwards has attracted the attention of many investors, helping them to discover the project’s high usability and incredible functionality.
With so many people jumping in on the Solana hype, many are left wondering whether the coin is a good long-term investment or if they should dump whatever coins they have bought before it plunges deeper than it has already.
Unfortunately, we cannot give you financial advice and won’t be able to tell you what to do with your coins – that is something you should decide for yourself. However, Solana is a really interesting project, and we wanted to take a look at what potential it may have in the near future.
Without further ado, let’s take a look at our Solana price prediction!
Solana Price Today
What Is Solana?
Name
Solana
Ticker
SOL
Solana is a highly effective, fast, censorship-resistant, and incredibly secure blockchain. It utilizes blockchain technology’s permissionless nature to provide efficient DeFi (decentralized finance) solutions.
Although the initial work on the project began in 2017, and it was launched back in March 2020, it was only noticed and found acclaim in 2021. The coin quickly climbed up the market cap rankings, going from position 42 in February 2021 to rank 7 in September of the same year. How did its price rise so fast?
Solana has excellent fundamentals and is an incredibly efficient coin, but the catalyst that catapulted SOL price to the moon is an NFT project called the “Degenerate Ape Academy”. Launched in mid-August on the Solana blockchain, this project sold over 10,000 “smoothest brain” apes in a matter of minutes. In contrast to the highly popular NFT launches on Ethereum, the minting of the Apes went very smoothly: no congested network, no inflated transaction fees – everything was (comparatively) in order.
As a result, many people who have previously never heard of this innovative project noticed Solana and the benefits it provides. This led to a month-long price spike.
Fundamentals
Solana uses a brand-new consensus mechanism called proof-of-history, which allows the network to be extremely fast and effective.
Solana does everything Ethereum 2.0 promises to be able to do, but 20 times faster. It offers a throughput of 50 thousand transactions per second at layer one, and has the scalability to go up to a million. In addition to this, Solana has basically no transaction fees.
The Solana network has over 500 nodes, making it much more decentralized than blockchains like Ripple or Stellar that have fewer validator nodes. The only requirement to make a node on Solana is having 3-4 thousand USD worth of hardware, which may seem like a lot, but is a low entry barrier when you compare it to other cryptocurrencies. This, in addition to its block time of only 0.4 seconds, gives Solana the potential to become one of the best decentralized blockchain platforms in the industry.
Solana Price Analysis
Source: coinmarketcap.com
Solana (SOL) price only started rising back in February, when the whole crypto market was mooning. Unlike other cryptocurrencies, however, Solana price didn’t feel the crash in late spring of 2021 as strongly as Bitcoin or Ethereum, although its price did decline.
After a rather slow and uneventful June and July, Solana price shot up in mid-August and continued to rise until mid-September. The cryptocurrency seems to be going through a correction at the moment as SOL price has been in a slow decline over the past few days.
Solana has an All-Time High of $214.96 and its current price (at the time of writing this article) is $140.69.
Now that we’ve talked about the project and the coin’s price history, let’s take a look at our actual Solana price forecast.
Solana Price Prediction by the End of 2021
As we have mentioned previously, Solana seems to be going through a correction phase right now. It is hard to say how hard this correction will hit the coin, whether its current price will be its lowest point in 2021 and if it will be able to recover afterwards and continue its climb upwards. However, we can still make some tentative price predictions.
Solana (SOL) price may possibly hit $300 by the end of the year if a bullish trend were to resurface. Alternatively, if the attention it has grabbed turns out to not be enough, and its holders get affected by FOMO, SOL owners might sell off their remaining coins to try and get some profit, plummeting the price of this cryptocurrency into the ground. However, unlike the usual pump-and-dump altcoins, Solana has not only the hype but also genuine interest in its functionality to back it up.
Solana Price Prediction October 2021
As per our Solana price forecast, the coin has a chance to shoot for the moon again in October. It may retake its ATH of $214 and even surpass it, going up as high as $300.
Solana Price Prediction November 2021
We don’t think Solana (SOL) price has a chance to stay at the top for a long time at this moment in time. It is possible that the cryptocurrency will be on the rollercoaster in November, going up and down as investors rush to buy in and then sell off their coins.
Our Solana price forecast for November 2021 is an average of $130.
Solana Price Prediction December 2021
If crypto picks up momentum and the cryptocurrency market turns overwhelmingly green again, Solana will benefit from it greatly. However, it is not wise to rely on luck and the unreliable nature of the crypto market when making investment decisions. As per our Solana price forecast, the cryptocurrency might stay in the $100-130 range in December 2021.
Solana Price Prediction for 2022
2022 is when things can get a little more interesting. Solana price may become less volatile by the beginning of next year, and if it manages to stay above the $100 mark, we may see considerable growth of SOL price in 2022.
According to our Solana (SOL) price prediction, the cryptocurrency will stay in the $200 range in 2022, and may possibly go up to as far as $400.
Solana Price Prediction 2023
If the upward trend continues and Solana doesn’t get dumped, we may see it reach $450 in 2023. However, when it comes to crypto, it’s better to be cautious. Our Solana price forecast estimates that SOL price will hover around the $300 mark in 2023.
Solana Price Prediction 2024
If things go well, the price of Solana can hit $500 in 2025. That will strengthen its market position and firmly make it one of the top assets in the crypto world.
Solana Price Prediction 2025
According to our Solana (SOL) price prediction, the coin may breach the $600 mark in 2026.
Solana Coin Price Prediction 2030
It is hard to make long-term crypto price predictions as the cryptocurrency market is highly volatile. However, we can make some wild guesses and estimates.
There is a possibility that the entire crypto industry will crash by 2030 due to strict regulations or a more innovative competitor coming to overtake blockchain and cryptocurrencies. However, that possibility is as much of a wild guess as that Bitcoin will oust USD and become the official currency of the United States.
Our Solana price forecast for 2030 is this: if the coin proves its worth and continues to be one of the top cryptocurrencies on the market, it can go up to as high as $3000 in 2030.
Market Predictions
Experts seem to have wildly different opinions on the future of Solana and SOL price.
Coin Price Forecast has perhaps the wildest bullish predictions, expecting Solana to have a return of +2,500% by the end of 2025. They predict that Solana price will storm the $1000 mark at the beginning of 2023. Additionally, they think that $5000 is a very real possibility for Solana in the next 10 years.
On the other hand, David Cox, an expert at CryptoNewsZ, has a bearish outlook. According to his Solana technical analysis, the coin will hardly be able to stay at the $100 mark, and is likely to drop below it in 2022 and beyond.
Same goes for Redditors, who don’t believe that the price of Solana has the capabilities to stay above $100. However, they (and other experts) do point out that everything will depend on how the public reacts to Solana and whether the current interest is just hype- and profit-infused, or is genuine belief in the capabilities of the Solana network.
Our Solana Price Prediction
Here’s an overview of our Solana forecast.
October 2021
$160
November 2021
$130
December 2021
$120
2022
$200
2023
$300
2024
$500
2025
$600
2030
Anywhere from $0.01 to $3,000
Is Solana a Good Investment?
Is a high risk, high reward type of asset a good fit for your investment portfolio? If so, then Solana may be the cryptocurrency you were looking for. Unlike many other fast-growing coins or tokens, Solana is recognised and praised by the crypto community for its technical superiority and efficiency, which gives the coin a good chance to stay afloat and keep growing in the future.
Solana is as fast as some centralized systems, making it highly future-proof. It has the potential to become the catalyst that will convince people to switch from centralized systems to decentralized ones. Essentially, Solana combines the usability of mainstream centralized platforms with the incredible security of decentralized ones.
If our Solana forecast is to come true, as well as the Solana price prediction (2021 and beyond) made by the experts and SOL investors at Coin Price Forecast, then the future price of this cryptocurrency may rise astronomically, making it a very profitable investment. Even if Solana doesn’t shoot for the moon, there’s still a chance it can become a good investment as long as it doesn’t crash. However, if it does crash, you will still be able to make some profit by short selling Solana.
Keep in mind that all crypto price predictions, including our Solana forecast, are not fully reliable due to the volatile nature of the cryptocurrency market and should not be seen as investment advice. Please do your own research before investing into any digital asset.
How to Buy Solana?
You can buy and sell Solana coins on many popular crypto exchanges like Binance, Kraken, and so on. If you want to purchase Solana (SOL) instantly with your credit card (Visa, Mastercard), bank transfer, or Apple Pay – Changelly is always at your service!
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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(@nanexcool) October 28, 2021
(@zhusu) 
