Earlier today, Solana announced Alpenglow, a major protocol upgrade designed to improve transaction speed and network efficiency. Unveiled by infrastructure firm Anza, a Solana Labs spinout, the new protocol aims to replace Solana’s current consensus mechanisms with a redesigned system. But the crypto community is curious: will it be as successful as the ETH Pectra upgrade? Solana Upgrade: The Road to Alpenglow Solana Alpenglow came into place as Solana’s network matured and the blockchain faced a surge in transaction volumes. This has caused congestion, which could be seen from its network outages on February 6, 2024, and multiple events in 2022. Another key issue was the complexity and latency of Proof of History (PoH) and Tower BFT. With the introduction of thousands of meme coins on Solana, the surge in transactions caused bottlenecks. 1/ Introducing the largest Solana Protocol change ever: Alpenglow, Solana’s new consensus protocol conceived by the Anza… Read More at Coingape.com
Leading digital asset exchange Binance recently released listing guidelines that have stirred the crypto community, especially supporters of Pi Coin. Following the exchange outlining more straightforward criteria for future listings, market participants are speculating on a potential onboarding of PI coin on the world’s biggest crypto platform.
Binance Reveals New Listing Standards
In its most recent statement, Binance announced changes to how it lists new tokens. The exchange has introduced a more structured process. It carefully evaluates the quality of each project and monitors the token’s market performance.
According to the update, the digital asset exchange broke down its listing process into three main paths: Alpha, Futures, and Spot listings. Each path includes thorough evaluations of topics ranging from user adoption and tokenomics to technical security and trading volume.
For new projects, Binance Alpha offers early exposure before a complete listing. Projects must prove strong fundamentals, including a defined user base, real-world use, and a sound business model. The crypto exchange also checks token distribution, ensuring tokens are not held mainly by insiders.
It is worth noting that technical checks are done to avoid risks like bugs or past security issues. Teams are also checked for background and compliance issues, like sanctions or financial irregularities.
Meanwhile, circulating projects that already trade on other platforms must show healthy trading volume and stable price movements. Binance also looks at liquidity, market cap, and the overall investor interest before moving such tokens into Futures or Spot listings.
These straightforward guidelines now make it easier for projects to prepare and aim for listing on the platform.
Does Pi Coin Have a Chance Now?
It is worth noting that earlier this year, Binance held a community vote where 86% of nearly 295,000 participants favored Pi getting listed. While this was not a formal listing, it showed strong community support.
CoinGape also reported that crypto expert Dr. Altcoin shared news about Pi. Pi resumed trading on BitMart after a one-month pause, which, according to the update, was due to KYB concerns.
Pi’s return to BitMart suggests that the project might be moving towards full compliance.
This, along with a loyal community and growing interest in the token, could strengthen its case for meeting Binance’s standards. It is crucial for trading activity, compliance, and user adoption.
Price Outlook and Market Sentiment
CoinMarketCap data shows that Pi Coin was trading at $0.6470 at the time of writing, down 0.52% in the last 24 hours.
The coin has had trouble staying above the $1 mark amid recent market uncertainty. However, it has started showing signs of stabilizing as more people are paying attention to Pi now.
In line with the Binance exchange and other related updates, CoinGape reported that Grok3 believes this PI could reach $5 by 2026, with a bull case projection of $20 by 2030.
BONK just rallied almost 60% in seven days, and the sentiment is doing all the heavy lifting. With ETF hype building and a potential Golden Crossover nearing (yes, charts are at work, too), this Solana-based meme coin is back on the radar.
But with speculative momentum driving the move, can the BONK price break above $0.00002840, a key resistance level?
Exchange Flows Suggest Supply Drain
Arkham’s one-year BONK netflow chart shows sustained negative net flows, which means more BONK is leaving exchanges than entering; a classic accumulation pattern, not sell pressure.
However, zooming into the past 30 days, the trend is less aggressive. Netflows remain negative but have stabilized, indicating neutral-to-bullish positioning rather than panic-driven exits.
In short, the selling already happened months ago. What we’re seeing now is a supply crunch forming quietly, with recent sentiment pushing prices up faster than spot inflows can catch up.
Bulls Have The Edge Now
BONK’s Elder Ray Index just flipped into bullish territory, with bull power overtaking bear pressure; a sign that buyers are back in control.
The Elder Ray Index measures the strength of bulls and bears by comparing price action with a moving average; a positive reading means buyers are dominant.
50/200 EMA Golden Crossover Could Be the Real Trigger
One key indicator to watch is the looming Golden Crossover, where the 50-day EMA (the orange line) is about to cross above the 200-day EMA. EMAs, or Exponential Moving Averages, track price trends more sensitively than simple averages. When the shorter EMA crosses the longer one, it’s often seen as a bullish signal.
BONK price and the possible EMA crossover effect: TradingView
If this crossover confirms in the coming days, BONK could push through resistance at $0.00002840 and attempt a run toward $0.00003600 or even higher.
BONK Price Breaks Out of Year-Long Falling Wedge
BONK price has officially broken out of a year-long falling wedge in the daily timeframe, a pattern that’s typically seen as a bullish reversal setup. The breakout began when the price crossed above $0.00001550, confirming strength after months of compression between lower highs and stable support.
As of now, BONK is consolidating around $0.00002203, just beneath a key resistance zone near $0.00002389. Another key resistance level in the short term is $0.00002577. If the price breaks above this band with volume, the next upside targets lie at $0.00002840, followed by $0.00003670.
Notably, the zone between $0.00002840 and $0.00003670 doesn’t feature many strong resistance points.
For now, the structure favors continuation, but bulls will need a clean breakout above $0.00002577–$0.00002840 to unlock higher targets.
If BONK slides below $0.00001806, the breakout loses momentum. A fallback under $0.00001435 would confirm a failed reversal, putting the wedge pattern in doubt.
The Solana Foundation has extended its streak of victories with the announcement of a partnership with Kazakhstan to establish a special economic zone. Dubbed the Solana Economic Zone, the collaboration brings Kazakhstan one step closer to its goals of digitization as Solana continues to court institutional interest. Solana Foundation Launches Solana Economic Zone Members of
