Artist threatens legal action on ‘Chill Guy’ meme tokens; community responds

November 21, 2024 Coin Telegraph

chill guy

Some community members advised the artist to just try to get rich from the situation and retire.

The creator of the art used in the viral “Just a chill guy” meme threatened to take legal action against memecoins that use the image.

On Nov. 15, the Just a chill guy (CHILLGUY) token was launched on the Solana network. The token became popular, reaching a market capitalization of $580 million at one point. The memecoin trades at $0.40, with a market cap of $400 million, at the time of writing.

Chill guy memecoin chart. Source: GeckoTerminal

Price analysis 11/20: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, SHIB, TON, AVAX

November 20, 2024 Coin Telegraph

Avalanche

Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.

Bitcoin (BTC) bulls have kept up the pressure, and the price is trying to climb above $95,000. Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), launched on Nov. 19, were an instant hit.

Bloomberg ETF analyst James Seyffart said in a post on X that IBIT options recorded roughly $1.9 billion in notional exposure, and that could be the reason for Bitcoin’s new all-time high on Nov. 19.

Bitcoin’s price is nearing $100,000, but MicroStrategy, the largest corporate holder of Bitcoin, is not showing any signs of slowing down its purchases. The business intelligence firm revealed plans to raise $2.6 billion from senior convertible notes to buy more Bitcoin and for general corporate purposes.

Trader Peter Brandt Says One Memecoin Flashing ‘Super Strong’ Chart, Predicts Price Rips for XRP and Solana

November 20, 2024 The Daily Hodl

Altcoins

Seasoned trader Peter Brandt believes that top memecoin Dogecoin’s (DOGE) price action as of late looks incredibly bullish. Brandt tells his 751,800 followers on the social media platform X that DOGE has broken out of two technical patterns on the weekly chart this year. The veteran trader shares a chart suggesting that DOGE has cleared […]

The post Trader Peter Brandt Says One Memecoin Flashing ‘Super Strong’ Chart, Predicts Price Rips for XRP and Solana appeared first on The Daily Hodl.

Sky, formerly Maker, launches USDS stablecoin on Solana

November 20, 2024 Coin Telegraph

Coin Telegraph

Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.

Decentralized finance lending and borrowing protocol Sky, formerly known as Maker, has deployed its USDS stablecoin on Solana in an effort to tap into the blockchain’s growing decentralized finance (DeFi) ecosystem.

Sky said in a Nov. 19 X post that its USDS was “the first major DeFi-native stablecoin on Solana” and would allow new ways for lending, borrowing, and trading across Solana’s “top DeFi platforms.”

“Today’s launch marks the first step in Sky’s strategy to increase Solana’s DeFi liquidity and [total value locked],” it added. Sky said in the future, pending governance approval, it would roll out its SkyLink crosschain bridge for USDS and sUSDS, its “savings” version of the stablecoin.

Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’

November 19, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist thinks layer-1 rivals Ethereum (ETH) and Solana (SOL) are gearing up for rallies to new all-time highs. Pseudonymous analyst Inmortal tells his 217,500 followers on the social media platform X that he believes Ethereum is in the midst of a brief consolidation period before rallies to new record-high levels. The […]

The post Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’ appeared first on The Daily Hodl.

‘Next Chosen One’ Altcoin Could Significantly Outperform Solana (SOL), According to Macro Guru Raoul Pal

November 18, 2024 The Daily Hodl

Altcoins

Macro guru Raoul Pal says that he’s taking a bet on an altcoin that he thinks could outrun Solana (SOL) in the current crypto market cycle. In a new interview with Kevin Follonier on the When Shift Happens podcast, the former Goldman Sachs executive says that Solana and its ecosystem look extremely healthy, and likely […]

The post ‘Next Chosen One’ Altcoin Could Significantly Outperform Solana (SOL), According to Macro Guru Raoul Pal appeared first on The Daily Hodl.

Solana Memecoin Rips 1,603% in November As Binance Announces Suprise Support

November 18, 2024 The Daily Hodl

Altcoins

One Solana (SOL)-based memecoin is going parabolic after earning sudden support from Binance, the world’s largest crypto exchange. Binance announced futures contracts in the USDT trading pair support for Comedian (BAN), which soared to a new all-time high of $0.378 on Monday. BAN has since retraced and is trading for $0.292 at time of writing, […]

The post Solana Memecoin Rips 1,603% in November As Binance Announces Suprise Support appeared first on The Daily Hodl.

Solana-based DApps rake in record fees as memecoin frenzy returns

November 18, 2024 Coin Telegraph

Coin Telegraph

Five of the top 10 crypto protocols by fee earnings in the last 24 hours were on Solana.

Solana-based decentralized finance applications (DApps) notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania.

According to a Nov. 18 X post from decentralized finance (DeFi) commentator Patrick Scott, who cited DefiLlama data, five of the top 10 protocols by fees in the last 24 hours were on Solana.

Five of the top 10 protocols by fees were on Solana on Nov. 17. Source: DefiLlama

Starknet will increase TPS 4X and reduce fees 5X within 3 months: CEO

November 17, 2024 Coin Telegraph

blast

StarkWare is looking to reduce its already cheap fees as it anticipates a boom in blockchain activity and gas fees in the coming months.

StarkWare CEO Eli Ben Sasson says he expects transaction speed on the firm’s Ethereum layer 2 Starknet to increase four-fold while fees fall “5x” over the next three months.

The network improvements will mostly come from “better compilation and faster execution” on Cairo — Starknet’s native smart contract language, Ben Sasson told Cointelegraph at the DevCon 2024 in Bangkok last week.

It would see Starknet cross the 1000 transactions per second (TPS) milestone and compete with the likes of Solana, which typically processes a non-vote TPS between 800 to 1050, data from Solana Compass shows.

SOL, AVAX, SUI and NEAR advance as Bitcoin price trades in the $90K zone

November 17, 2024 Coin Telegraph

SOL, AVAX, SUI and NEAR advance as Bitcoin price trades in the K zone

Avalanche

Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.

Bitcoin (BTC) continued its up move, rallying more than 12.5% this week. It is not that the bears gave up easily. They tried to start a pullback on Nov. 14, but the bulls held their ground. The price has been trading in a tight range near the all-time high, improving the prospects of an upside breakout.

CryptoQuant contributor Darkfost said in a market update that Bitcoin whales have not stopped buying even with the price around $90,000, and “most are holding, which is a sign of confidence in the market.”

Crypto market data daily view. Source: Coin360

Solana

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