The dynamic realm of cryptocurrencies winds up yet another week with staggering developments witnessed surrounding Bitcoin, Solana, & meme coins’ cryptographic ventures. The much-awaited BTC halving eventually unfolded, with a bullish ripple effect promptly following Bitcoin’s landmark event.

Meanwhile, Solana implemented a couple of upgrades to boost the network’s functionality. Further, the meme coins sector revived following a fading season, piquing substantial investor interest.

Here’s an overview of some of the top headlines for this week:

BTC Halving Happens At Long Last

The Bitcoin halving event, one of the most awaited bullish events within the cryptocurrency realm, finally came to pass, with Bitcoin curating waves across the vast sea of crypto. Although the token’s price didn’t witness much of a rising action post-halving, resting at the $63K mark, market sentiments appear to be reflecting optimism globally.

Historical data suggests that Bitcoin’s price trajectory mirrors an extended consolidation phase post-halving, followed by a gradual parabolic uptrend. This has kept crypto market traders and investors on their toes, expecting the token to hit a new peak sometime around December 2024 or February 2025.

Meanwhile, with the halving event, Bitcoin saw its first meme coin, PUPS, with the Runes protocol going live amidst the halving. These chronicles fueled immense bullishness among traders for Bitcoin’s price action ahead.

Solana Tackles Network Congestion

Solana, Ethereum’s eternal rival, ruled out a stockpile of developments this week, primarily aimed at tackling the issue of network congestion. Solana’s network congestion resulted in the blockchain facing a severe backlash from the crypto community, urging the Solana Foundation to bring about appropriate measures to address the abovementioned issue.

Notably, Solana deployed v1.18.11 on the devnet with the help of Solana devshop Anza, which initially faced a setback. However, the devnet was successfully restarted again on April 20, fueling optimism on Solana’s cryptographic ventures that showcase efforts to address the issue.

Meanwhile, on April 15, the Ethereum rival ruled out the v1.17.31 release for the Solana network mainnet, further fueling the optimistic fire surrounding the company’s efforts to tackle dynamic cryptographic issues. This collectively paints a bullish portrait for SOL, Solana’s native token, moving ahead.

Also Read: Binance Tax Case Hearing Pushed to Mid-May in Nigeria

Meme Coins’ Recovery Ignites Frenzy

Amidst the flurry of advancements this week, the meme coins sector also showcased a storm of breakthroughs, nabbing significant attention among crypto market enthusiasts. Following pre-halving corrections witnessed in the market, the meme coin sector showcased signs of a recovery, as DOGE, SHIB, and many others recorded a price rebound.

Notably, Dogecoin advanced further with its crypto journey this week as Bitmain revealed plans to extend support for DOGE mining. Whereas, Shiba Inu, Dogecoin’s rival, also mirrored a recovery trend, with numerous bullish events further following the token.

Shibarium, Shiba Inu’s L2, witnessed a staggering surge in daily transactions, whereas BONE, a Shibarium token, recovered in tandem with the broader trend illustrated by SHIB. Shiba Inu’s marketing lead shared vital insights into the newly launched PIKA and DAMN tokens, injecting a shot of optimism into Shiba Inu’s cryptographic ventures.

Further, a new player entered the meme coins sector, as mentioned above, PUPS, the first meme coin on Bitcoin. These chronicles collectively sparked immense investor curiosity orbiting the meme coins sector, further birthing optimism  for the tokens across the cryptocurrency realm.

Also Read: Cathie Wood’s Ark Sells BITO, Buys Ark Spot ETF & ProShares Ether ETF Shares

The post Crypto Headlines Of The Week: BTC Halving, Solana, & Meme Coins Ignite Bullishness appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am