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Solana Surpasses Binance Coin To Claim 4th Spot In Market Valuation, Trader Recorded Notable Losses
Solana’s SOL token has made significant strides in the cryptocurrency market, surpassing Binance Coin (BNB) to secure the 4th rank in terms of market valuation. This shift comes on the heels of a notable price spike over the weekend, further fueled by the growing frenzy surrounding meme coins on the blockchain, including $WIF, $BONK, and the latest addition, $BOME. With SOL’s market value now exceeding $90 billion, the token experienced a remarkable 10% increase in value for the day, reaching its highest level since December 2021 at $209 per token. This surge in activity underscores the increasing prominence of Solana
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Benqi’s $QI Token Hits New Highs Amidst Bullish Momentum
Amidst a mixed day for cryptocurrencies, $QI (BENQI) has emerged as a standout performer, marking new post-breakout highs and showcasing a remarkable 12% gain. This surge in price brings $QI closer to its target of $0.24365, with a substantial upside potential of over 612%. One key factor driving the positive sentiment surrounding $QI is the significant increase in Total Value Locked (TVL) within the Benqi Lending protocol. Over the past month alone, the TVL has surged by an impressive 50%, surpassing the $330 million mark. The unutilized lending funds, often referred to as the Total Value Locked (TVL) in lending
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Latam Insights: Tim Draper’s Bitcoin Prophecy for El Salvador, Bukele’s Bitcoin Rush
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TON Coin Surges As Trading Week Ends On Positive Note
As the trading week comes to a close, Toncoin (TON) emerges as one of the standout altcoins, experiencing impressive growth of up to 30% in price over the past week. This surge brings TON closer to its previous all-time high, marking a significant milestone for the cryptocurrency. The positive momentum in TON’s price aligns with the prevailing optimism surrounding Telegram, the social media platform closely associated with the TON ecosystem. With more projects adopting the Ton ecosystem, confidence in TON has been bolstered, driving its price upwards. The TON ecosystem experienced a significant surge in both price and volume during
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Shiba Inu (SHIB) Faces Price Decline Amidst Investor Sales Concerns
Shiba Inu (SHIB), a cryptocurrency that experienced a remarkable surge of over 250% in recent weeks, is now facing a notable price decline, with a 7% decrease today and a 20% drop over the week, ultimately closing below the $0.00003 mark. This downturn has raised concerns among investors about potential sell-offs, particularly as it coincides with a significant increase in SHIB transfers to exchanges, facilitated by a whale wallet. According to data from spotonchain, a savvy trader recently deposited a substantial amount of SHIB, totaling 1.24 trillion tokens, equivalent to $35.16 million, onto platforms like Binance and Gate.io. If indeed
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Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot
CEX Platform Tokens And Solana Project Tokens See Significant Gains
In the world of cryptocurrency, both centralized exchange (CEX) platform tokens and tokens associated with the Solana project have experienced notable gains in recent trading sessions. Binance Coin (BNB) surged past the $630 mark, registering a remarkable 24-hour increase of 15.64%, while OKB recorded a 24-hour gain of 9.5%. Solana (SOL) also saw a notable uptick, rising by 11.66% in the span of just 24 hours. CEX platform tokens and Solana project tokens saw general gains. BNB once exceeded $630, with a 24-hour increase of 15.64%, and OKB had a 24-hour increase of 9.5%. SOL rose 11.66% in 24 hours,
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Decrease In Layer 2 Transaction Fees After Dencun Upgrade and EIP-4844
In the aftermath of the recent Dencun upgrade and the deployment of EIP-4844, there has been a noticeable decline in transaction fees across various Layer 2 (L2) networks. This development marks a significant step forward in addressing the issue of high transaction costs within the Ethereum ecosystem. During the last hour (9:00–10:00 UTC+8), several L2 networks witnessed a considerable reduction in transaction fees. Optimism, for instance, reported an average transaction fee of $0.05, with a median fee of $0.0038. Similarly, Base recorded an average fee of $0.064 and a median fee of $0.0008. Arbitrum and zkSync Era also experienced reductions
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