After days of relentless upswing, a shift in momentum has stirred the pot, raising questions not unlike those pondered by weary travelers on a dusty road: is the mighty Bitcoin taking a collective sigh before it rallies once more, or has it found a cozy nook for a prolonged stay? 🏕️
Crypto Patel, in his latest X post, has painted a rather rosy picture for SUI. He suggests that once the price breaches the $4.50 mark, it might take a brief dip to $3.50 for a retest. But fear not, for this would be a mere prelude to a grand ascent, potentially reaching $6 and even soaring to the dizzying heights of $10. This forecast is underpinned by a clean technical setup, robust volume, and a macroeconomic climate that is decidedly favorable. 🌱🌟
Now, if you can cast your mind back to that fateful July 14 filing with the Securities and Exchange Commission, you’d recall that NYSE Arca donned its finest approval hat and certified this little rascal under the ticker UXRP. Ain’t that a mouthful? 😄
Mina Protocol, the underdog with a heart of gold, saw a 53% surge in commits, a rise so dramatic it could only be described as a phoenix rising from the ashes of its previous month’s efforts. Chainlink, ever the social butterfly, also experienced a delightful uptick in both commits and developer participation, a testament to its enduring popularity and the charm of its community. 🌟
Hedera’s native token, HBAR, has risen a staggering 49% over the last seven days, trading at $0.23, despite a slight stumble during the market-wide correction. Its market cap has ballooned to almost $10 billion, with a 24-hour trading volume above $1 billion. One can only wonder what sorcery is at play here 🔮.
As crypto demand skyrockets, particularly for regulated investments in assets like XRP, capital is rushing toward ETFs that boast transparency, no fees, and—wait for it—institutional-level custody. Digital asset manager 3IQ recently dropped a bombshell on July 14, revealing that its XRP-focused ETF, traded under the names XRPQ and XRPQ.U on the Toronto Stock Exchange, has already surpassed $50 million in assets under management. That’s less than a month, by the way. Talk about a speedy rise to the top!
With a 24h volatility of a thrilling 0.6% and a market capitalization of $88.00 B, you’d expect fireworks, yet Monday, July 14, found our dear SOL lounging like a cat on a sunny windowsill, just below the vaunted $165 resistance. What dramatic irony! How delightful! 🎆
The world of finance is known for its contradictions, but this one takes the cake. Vanguard Group, one of the world’s largest asset managers, has emerged as the top shareholder of Strategy Inc. (also known as Microstrategy)—a company widely associated with bitcoin advocacy.
But wait, there’s more! The complete lack of any lingering technical resistance is like a big, fat, juicy turkey at Thanksgiving – it’s a real game-changer! Now that every previous ceiling has been broken, Bitcoin is in uncharted territory, like a cowboy in the wild west, with no supply zones from the past left to consistently cap upside. Yeehaw! 🤠
It wants to update old Web2 and finance systems that still lock people in. Horsley made this point in a recent post on X, where he said the network will serve as the base layer for new apps and fintech tools.