Solana (SOL) and Avalanche (AVAX) remain profitable yet fall short to new AI exchange token priced $

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21 Mar 2024
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As the market continues to evolve, two prominent names have been making waves for some time now: Solana (SOL) and Avalanche (AVAX). However, a new challenger, Option2Trade (O2T), priced at an enticing $0.0181, is starting to garner attention for its competitive edge in the industry. This article delves into how Solana and Avalanche stack up against the rising star O2T, focusing on the competitive edge of O2T, SOL, and AVAX’s market position and shifts in the investment landscape.

The competitive edge of Option2Trade (O2T)

Option2Trade (O2T) distinguishes itself with a unique proposition: leveraging artificial intelligence (AI) to streamline and optimize trading processes. Unlike Solana (SOL) and Avalanche (AVAX), which focus on increasing transaction speeds and reducing costs, Option2Trade aims to revolutionize the way trades are made by providing AI-driven insights and automation capabilities. This approach not only makes trading more accessible to a broader audience but also enhances the potential for profitability by reducing the likelihood of human error and improving decision-making speed. As a result, Option2Trade is quickly becoming a go-to choice for investors looking for an edge in the highly competitive crypto market.

Solana (SOL) and Avalanche (AVAX) market position

Solana (SOL) and Avalanche (AVAX) have established themselves as formidable players in the cryptocurrency space. Solana’s claim to fame is its incredibly fast processing speed, capable of handling thousands of transactions per second (TPS), far outpacing traditional blockchain platforms. On the other hand, Avalanche prides itself on its unique consensus mechanisms, which enable high throughput without sacrificing scalability or security.
Despite these strengths, the emergence of Option2Trade (O2T) presents a new challenge. While SOL and AVAX continue to dominate in terms of infrastructure capabilities, Option2Trade‘s innovative use of AI in trading is beginning to shift the focus of investors looking for the next big thing in crypto.

Investment landscape shifts

The introduction of Option2Trade into the market signifies a significant shift in the investment landscape. Investors are increasingly drawn to cryptocurrencies that offer more than just a means of transaction or a store of value. Option2Trade’s low entry price of $0.0181 makes it an attractive option for both new and seasoned investors, offering the potential for high returns without the need for a substantial initial investment. Furthermore, the AI aspect of Option2Trade (O2T) appeals to a tech-savvy generation of investors looking for innovative and intelligent solutions to trading challenges.
In comparison, Solana (SOL) and Avalanche (AVAX), while still profitable and popular, may need to adapt to maintain their competitive edge. The rise of AI-driven platforms like Option2Trade (O2T) highlights a growing trend toward automation and intelligence in trading, pushing SOL and AVAX to continue innovating beyond their current offerings.
In conclusion, while Solana (SOL) and Avalanche (AVAX) remain strong contenders in the crypto market, the emergence of Option2Trade (O2T) represents a significant development in the investment landscape. O2T’s competitive edge lies in its unique use of AI to enhance trading, offering investors a new and potentially more profitable way to engage with the crypto market. As the industry continues to evolve, the adaptability and innovation of platforms like Solana, Avalanche, and Option2Trade will be crucial in determining their long-term success and influence in the shifting sands of cryptocurrency investment.
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Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Fantom breaches $1 milestone, Poised for further growth

FTM, Fantom’s native cryptocurrency, was briefly above the milestone of $1. It was seen exchanging hands at $1.04. While the token has retraced to ~$0.9, there is a possibility that it could rise as high as $1.25 or $1.68 by the end of 2024. The recent high comes against a rounding bottom pattern, a bullish sentiment for altcoin.
The intraday trading volume in the ecosystem was recorded at $1.08 million, with a gain of 121% when the markets closed on Tuesday.
There is a notable resilience above $0.8. Sustaining the mark could pave the way for a surge in the price. Investors have a growing interest in altcoins, with dominating tokens like BTC and ETH taking severe hits. For reference, BTC has fallen to ~$63,000 after hitting the target of ~$73,000. Similarly, ETH is listed at ~$3,200 after having a closer look at $4,000.
Analysts quickly note that the upswing for FTM has gone from $63.5 million to $267 million in the last few days of January 2024. This means that investors have a rising interest and confidence. The current phase of FTM is driven by steady and gradual growth after the recovery of prices. The bullish reversal pattern indicates a potential shift from downward to upward momentum.
The current price of FTM is $0.9756, with a surge of 15.81% in the last 24 hours. It further reflects a rise of 18.24% in the last 7 days and a significant jump of 129.10% in the last 30 days. There is also a jump in the Market Cap and 24-hour volume by 15.87% and 37.96% respectively.
It comes at an hour, BTC and ETH are down by 0.50% and 0.56%, respectively, in the last 24 hours. They were both at their highest before retracing to the ground. Based on our Fantom prediction, FTM is teased to end 2024 positively, especially if it keeps up with the current momentum and better mirrors the speculated rally following Bitcoin’s Halving.
In the same order, FTM is backed by two major technical indicators – Exponential Moving Average and Relative Strength Index, also known as EMA and RSI. RSI, for one, has a slope above 70% for aggressive recovery sentiments among the traders. The 20-day EMA has set a supportive bar during the initial phase if the token breaks out for a bearish fall.
Fantom has its sights set on dancing between $1.25 and $1.68, provided the ongoing rounding bottom pattern sustains longer. Briefly surpassing the $1 mark has instilled confidence among traders – FTM – that the token has a long way to go and better react to the free fall, if any, in the market.


Fantom (FTM) News

Is the crypto bull market over? Review of prevalent on-chain data

The year has been amazing for the crypto market. From the Bitcoin ETF approval to the long crypto slump being over, 2024 has witnessed immense progress.
However, now that Bitcoin has dropped to 62,895 dollars from 73,750 dollars, traders are wondering how to proceed. Is the crypto bull market over? Is the market entering a correction phase? Let’s take a look at popular on-chain data to figure it out.
Currently, there is no primary indication that the bull run is over. Historically, the market has seen BTC circles never stop at previous all-time highs. With the fourth halving due for BTC in April, the market is expected to enter another positive run.
Back in 2020, it took Bitcoin around two months to break through the previous all-time high range. Here are some indications that point toward an optimistic market outlook:

  1. Bitcoin has dropped almost 40% in supply over the past 4 years. Traders are purchasing and holding more BTC than it is being mined. Since more scarcity means more value, Bitcoin’s decreasing supply can help it gain value.
  2. NUPL (Net Unrealized Profit and Loss) is on the LTF side, with no room for HTF. The recent correction has cooled off the NUPL, but it is still on the “greedy” side, with most traders being in profit while holding to earn more profit.
  3. There is low selling pressure in the market without any major sell-off.
  4. LTF is expected to surge in sell pressure, while flows have been bullish even during the correction.
  5. MVRV (Market Cap to its Realized Cap) has also cooled off after a rejection with 2.8 minor resistance. 

As for the Coinbase app, the platform has dropped from under 200 ranks to 500 globally. The Google Trend for Bitcoin has also seen a drop after hitting the third-highest level in three years.


Cryptocurrency News

Is Solana About to Crash? SOL Price Dips 11% Amid Buzz for Viral Green Bitcoin – Early Buying Opportunity?

SOL briefly wobbled today.
Solana (SOL) briefly looked set to crash when it dipped 11% in the early hours of the morning UTC just a few hours after it flipped Ethereum for highest 24 hour trading volume.
It has since stabilized somewhat, and its 24 hour losses are now just 4.1% as it changes hands at around $171 at the time of writing 
SOL’s brief wobble began just after the Solana-based NFT collection Slerf posted over $3 billion in 24-hour trading volume, clocking in more volume than all the decentralized exchanges (DEXs) on Ethereum combined.

Holy sh*t$slerf 24 hr volume:
$3 billion 😯🤯 pic.twitter.com/zwkTWczNTR
— Naz (33.3%) (@NazNFT_) March 19, 2024

In fact, meme coin trading has driven overall volume on Solana to surpass that of Ethereum today, according to data by DeFiLlama. At the time of writing, Solana posted a 24-hour volume of $3.498 billion, a 67% increase since last week.
Ethereum, on the other hand, traded $3 billion over the same period, a 3.08% increase on last week.

Unpacking Solana’s Flipping of Ethereum

Considering the $3 billion total value locked (TVL) on Ethereum is three times higher than Solana’s, a recent Solana meme coin frenzy is the likeliest driver of today’s flippening.
Hot new Solana meme coin SLERF is currently up 12.7% overnight and changes hands at $0.8371 as of this writing.
Still, Solana’s flipping of Ethereum today has done little to change the fact that SOL and AVAX posted the heaviest overnight losses among the ten biggest coins by market capitalization.
By contrast, Ethereum is trading at more or less the same price it was at 24 hours ago.
Solana’s trading chart for the last three months emphasises how sudden its recent rally was. Like other leading cryptocurrencies, the rally began proper at the end of the month and was short and steep.
Source: TradingViewStill, SOL has been in freefall these past two days and should prices continue to fall, it’s unclear whether it will find support at $150. With a Relative Strength Index currently sitting around 50, it’s likely to be more stable throughout the day.

Solana Slerfs Go Viral Alongside Green Bitcoin

While Solana’s Slerfs have spurred the network to eclipse Ethereum today, one new token has been quietly raising millions for its green premise and alluring returns.
Green Bitcoin (GBTC) has raised $6.7 million over a two-week long presale.
Issued on Ethereum, Green Bitcoin is an ERC-20 token that comes with an innovative new predict-to-earn staking model that rewards participants for correctly predicting Bitcoin’s future price.
GBTC has a hardcap of 21 million, making it every bit as scarce as its inspiration, Bitcoin.

To celebrate $6M we’re launching our GBTC GIVEAWAYS!
To enter, simply: Like + RT + Tag a friend!
The first prize is a $200 GBTC Airdrop. THERE WILL BE MANY MORE! Winner will be announced in replies in 24hrs. pic.twitter.com/k0sxIFOMnQ
— GreenBitcoin (@GreenBTCtoken) March 18, 2024

However, GBTC’s use of Ethereum’s proof-of-stake (PoS) blockchain above Bitcoin’s more energy consumptive proof-of-work mechanism makes it cleaner and greener than its namesake.
In addition to casting daily predictions to earn rewards, holders can also stake their tokens for up to six months to earn even bigger rewards.
The staking system is a fundamental part of Green Bitcoin’s tokenomics design. Staking reduces GBTC’s circulating supply, helping drive the price over the long-term.
Anyone can get involved by simply visiting the official Green Bitcoin website and connecting a crypto wallet.
1 GBTC presently costs $1.1062, with the price due to rise in four days. However, there are still a few weeks left of the presale, and the token could rally sharply by the time it’s listed on exchanges.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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