MEV

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November 27, 2024 Coin Telegraph

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November 12, 2024 Coin Telegraph

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October 19, 2024 Coin Telegraph

Can SOL reclaim $170? Two indicators scream ‘buy’

June 11, 2024 Coin Telegraph

<div>Can SOL reclaim 0? Two indicators scream 'buy'</div>

Arbitrum

SOL derivatives and the Solana network have remained stable, indicating that traders and users are not ready to give up.

Solana's native token, SOL (SOL), hit a four-week low on June 11 as it tested the $145 support level. Within four days, SOL underwent a sharp 15.8% decline, underperforming the broader cryptocurrency market, which saw a 10% drop in total capitalization during the same period. Despite this, the macroeconomic instability may have created a buying opportunity for SOL, according to two key indicators.

Investors are concerned that the stock market may correct itself following mixed economic signals, prompting the United States Federal Reserve (Fed) to delay interest rate cuts. The CME FedWatch tool indicates that traders now see a 48% chance of rates staying the same until September, a significant increase from 39% a month ago. After reaching a record high on June 7, the S&P 500 index has plateaued, with investors awaiting remarks from Fed Chair Jerome Powell on June 12.

Stuart Kaiser, Citigroup’s head of U.S. equity trading strategy, suggests that a Consumer Price Index (CPI) increase above 0.4% compared to the previous month could trigger a broad market selloff, potentially dropping the S&P 500 by 1.5% to 2.5%, as reported by Yahoo Finance. Kaiser also cautioned that the S&P 500 might experience its largest single-day movement since March 2023. The U.S. inflation data, scheduled for release on June 12, is keenly anticipated ahead of the Fed's rate decision.

Solana (SOL) price encounters resistance near $190 — Here is why

May 27, 2024 Coin Telegraph

Solana (SOL) price encounters resistance near 0 — Here is why

0096

SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190.

Solana's native token, SOL (SOL), experienced a 5% increase on May 27, trading up from $161 on May 26 to $171. This rise fueled investors' hopes for continued growth, especially since SOL had reached $188.90 on May 21, just days earlier. A significant factor in SOL’s upward movement is a proposal designed to increase yields for validators rather than burning tokens, though network activity remains unchanged.

On May 27, Solana's validators approved the SIMD-0096 proposal, which eliminates the 50% burn rate on priority transactions and sets it to 0%. Consequently, from epoch 621 onward, all transaction fees will be allocated to block producers. This shift aims to ensure validators are motivated to prioritize network security and efficiency over engaging in arbitrage strategies that involve transaction reordering or exclusion.

Maximal extractable value (MEV) refers to profits block producers make by determining the order of transaction processing on the blockchain. With each block containing a limited number of transactions, validators can choose which pending transactions to include, often to the detriment of regular users who might face poorer execution prices in decentralized finance (DeFi) applications.

Ethereum’s lackluster performance has little to do with spot ETH ETF approval

May 24, 2024 Coin Telegraph

Coin Telegraph

Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty.

The Ethereum spot exchange-traded fund (ETF) was approved by the U.S. Securities and Exchange Commission (SEC) on May 23. Despite this long-awaited decision, the price of Ether (ETH) failed to hold above $3,800 on May 24, which was surprising given that ETH was trading at $3,943 just two days earlier. The market had been uncertain about the approval odds, so the decision, particularly its timing, caught many off guard.

Some market participants quickly pointed out that the SEC has not yet approved the individual S-1 statements from each issuer, a process that could take weeks or months. This delay, among other factors, is hindering Ether’s performance, including the network's stagnant growth, relatively high transaction fees, and regulatory uncertainty in the U.S.

Some of the recent profit-taking likely resulted from the anticipation of the spot ETF's approval, which triggered a 23% rally on May 20, an event often termed "sell the news." Traders bought ETH expecting the official announcement, especially after the SEC reportedly urged exchanges like the NYSE and Nasdaq to expedite their 19b-4 filings on May 20.