Ethereum Fails To Keep Up With Solana As This New Altcoin Sells Out Another Presale Round
The post Ethereum Fails To Keep Up With Solana As This New Altcoin Sells Out Another Presale Round appeared on BitcoinEthereumNews.com.
Ethereum is experiencing significant whale activity as nearly 300,000 ETH tokens have left CEXs in the last seven days. Solana is also gaining traction after breaking out of its short-term corrective pattern and preparing for the next price discovery. Meanwhile, Rollblock is the best low cap crypto investment in the market as the GambleFi project is poised for 880% gains before the end of its presale. Ethereum (ETH) Whales Push Price Towards New Peak Ethereum has recorded a significant 58.59% increase in value over the last 30 days as investors regained interest in Ethereum’s blockchain. During this period, nearly 300,000 Ethereum tokens have left CEXs which suggests massive whale accumulation. Even the Ethereum supply held by non-exchange addresses has increased from 45.06 million to 45.23 million in record time which reflects the high investor confidence in Ethereum’s future potential. Ethereum is currently trading for $3,915.63 after an intraday increase of 3.70%. Ethereum’s volume has also increased by 23.57% during this period which indicates high network activity. Since Ethereum’s RSI is still in the neutral zone and the MACD indicator confirms an upward movement, analysts believe Ethereum’s price could push through the $4,000 level soon. Solana (SOL) Prepares for Another Price Discovery Solana’s price experienced a massive rally towards a new all-time high level during the post election hype but quickly retracted because of selling pressure. Since the selling activity by Solana’s short holders is cooling down, analysts believe Solana is preparing for another price discovery phase before the end of Q4. Solana is currently trading for $239.65 after an intraday increase worth 6.32%. Solana’s volume has also increased by 14.42% which suggests a significant increase in trading activity. Since Solana’s price has already broken out of a short-term correction pattern, analysts believe Solana could test the $300 to $400 price…
Filed under: News - @ December 7, 2024 3:20 pm