Categories: Crypto News

The market is hot, but Solana is not Data explains why SOL price is lagging חדשות TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Recently, trader and Crypto Twitter influencer Hsaka raised concerns about whether the firm has been suppressing SOLs price even after bullish catalysts emerged. The Aptos blockchain launched on Oct. 17 and it claims to handle three times more transactions per second than Solana. Yet, after four years of development and millions of dollars in WAVES https://www.beaxy.com/ funding, the debut of the layer-1 smart contract solution was rather unimpressive. Solana has been in a steady downtrend for the past three months, but some traders believe that it may have bottomed at $26.80 on Oct. 21.

Hsaka’s post, along with his message calling the chart the “playbook to trade this alt cycle”, quickly got the attention of many in the crypto community. Analyst Luke Martin, the head of Venture Coinist, calls it one of the most useful charts tools in the current market climate. The trader known on Twitter as “Hsaka” created the correlation matrix, which is designed to help identify altcoins that may be ready to rise. Of money on promoting its image, and in doing so made itself as close to a household name as there is in crypto.

Basic Investment Strategies in Crypto

Crypto Yoda is another impressive Twitter trader you should keep an eye on. The trader focuses primarily on technical and fundamental analysis, lending his opinion to large and small digital assets. Most of Loma’s tweets focus on margin and spot trading, so the trader is a great source of information for beginners. He also provides a lot of technical analyses to extrapolate into your strategy and watch how they work for you. The poll revealed that a lot of traders were open to leaving the exchange altogether. You can use Coingecko crypto exchanges list by volume, number of coins, pairs, etc.

The primary reason price of any asset moves is because of an imbalance between supply and demand . Over the past month, the Ethereum network records over $1,064,626,399 billion dollars in total revenue, or around 58x the total revenue of Bitcoin. The platform has a set of tools that are allegedly designed to improve the DeFi experience, earn interest and have access to other services.

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Although there is a slight mean reversion on low cap we can see in HBAR and KSM specifically. As you can see from the chart, a mix of low cap / volume tends to outperform which would make sense given it takes less money to move the market but you also have to consider the sample size. As you can see from the top performers there is almost no buying until after Hsaka tweets. Not only is this good for increasing the reach of the of the engagement but it allows algos to easily pick up on the tweet itself.

https://twitter.com/jasongrig/status/1612279126303416320?ref_src=twsrc%5Etfw

We also saw governments worldwide acknowledge crypto’s potential against a backdrop of war and soaring inflation. Anyone who reads a lot of crypto news should have come across Josh Rager. The trader and market insider has been sharing tips on Twitter for over three years.

Bitget Integrates with TradingView For Crypto Derivatives Trading

At the time of writing, ETH trades at $3,053 with sideways movement in the daily chart. According to their website, DeversiFi is a platform that facilitates DeFi access for its users. Via their interface, users can invest, trade, and send transactions without “paying gas fees”.

Ethereum’s long-awaited Proof-of-Stake upgrade has been in discussion for as long as the blockchain’s existed, so anticipation was high once the September launch was finalized. Arrested Tornado Cash core developer Alexey Pertsev on suspicion of facilitating money laundering. He’s still in custody with no formal charges leveled against him at press time. In a statement, the agency claimed that cyber criminals (including North Korean state-sponsored hackers) used Tornado Cash as a vehicle for money laundering. The next major implosion was Three Arrows; within a few days of Celsius’s announcement, rumors of 3AC’s insolvency began to circulate and its co-founders, Su Zhu and Kyle Davies, went silent.

And not just here to stay, but after the events of this year, the foundations should be stronger than ever in 2023 and beyond. From crypto war relief to multi-million dollar hacks and industry-shaking blowups, 2022 was another eventful year for the digital assets space. Today, you can find a myriad of accounts giving crypto trading advice and sharing tips.

And few would argue that 2022 was one of crypto’s most catastrophic years yet. We watched in shock as Terra, Three Arrows Capital, and FTX fell like dominoes only a few months apart. People suffered staggering losses and it felt like the industry was set back by years. As expected, the trader recommends that you take what he says with a grain of salt and trade at your discretion. You can also catch more of his insights at The Haven – a crypto trading group where Loma and several other traders regularly provide market insights and analyses. The crypto market is still amid its most significant rally ever.

Solana also said affected users appeared to have been compromised through their Slope wallets. It’s probably highly unlikely that market participants will really find out Alameda Research’s impact on SOL price. Still, the theory raised by Hsaka could explain the rather unusual steady demand for leverage shorts and the negative basis rate. The arbitrage and market-making firm could have used derivatives instruments to reduce their exposure without selling SOL on the open market. Ether futures are trading at a 0.5% annualized basis, while Bitcoin’s stands at 2%. The data is somewhat concerning for Solana since it signals a lack of interest from leverage buyers.

Terra had imploded, a dozen or so prominent companies folded over the summer, the Treasury outlawed an open-source protocol, and so on. But while we were almost numb from the sheer scale of catastrophes the year hit us with, 2022 saved its most shocking cataclysm for last. There was little to distract us from bad news in 2022, but Ethereum brought some relief to the space over the summer as it started to look like “the Merge” could hsaka crypto finally ship.

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