Pro-XRP lawyer John Deaton has tapped two Ripple executives to join an exclusive list of crypto all-time greats. The XRP supporter argues that Ripple’s co-founder, Jed McCaleb, and company CTO, David Schwartz, can sit alongside Satoshi Nakamoto on Crypto Mount Rushmore. Ripple Executives To Rank Alongside Satoshi and Buterin On Crypto Mount Rushmore In an X post, John Deaton unveiled his picks for a Crypto Mount Rushmore, placing anonymous Bitcoin creator Satoshi Nakamoto at the top. Beneath Satoshi’s blank face, the pro XRP lawyer reels out potential candidates to make the cut for a Crypto Mount Rushmore based on their contributions to the cryptoverse. Deaton taps Ethereum co-founder Vitalik Buterin to make the exclusive list for introducing smart contracts and decentralized applications. Deaton says Buterin’s inclusion into the list is a “no-brainer” given his pioneering status in the ecosystem. The lawyer tips Ripple co-founder Jed McCaleb to make the cut,… Read More at Coingape.com
The world’s largest state-owned IT company is teaming up with Cardano, and this could change how governments use blockchain. Brazil’s Federal Data Processing Service (SERPRO) has partnered with the Cardano Foundation, opening doors for massive blockchain adoption. Will this partnership impact Cardano’s price up to $2?
Cardano Partner With SERPRO
Cardano Foundation, the non-profit organization pushing for Cardano’s adoption, has announced a strategic partnership with SERPRO, Brazil’s leading government technology provider.
SERPRO manages digital solutions for over 90% of the federal administration, meaning this collaboration could introduce blockchain to a massive user base.
This partnership will focus on two main areas. First, it will educate SERPRO’s 8,000 employees through Cardano Academy, offering training and masterclasses on blockchain technology.
Second, Cardano’s network will be integrated into SERPRO’s services, potentially enhancing transparency and efficiency in Brazil’s government operations.
Why This Partnership Is a Big Deal?
SERPRO is responsible for over 750 digital solutions, processes more than 33 billion transactions per year, and manages massive amounts of government data. If Cardano successfully integrates its blockchain into SERPRO’s systems, it could set an example for other countries to follow.
This isn’t Cardano’s first step in Brazil. Back in December 2023, the foundation partnered with Petrobras, the country’s largest petroleum corporation, to provide blockchain education to its employees.
These moves show Cardano’s long-term vision of becoming a key player in the government sector.
ADA’s Price Outlook
Despite this major announcement, Cardano’s ADA token has struggled, dropping 8% in the last 24 hours to $0.88. However, according to analyst Ali Martinez, ADA has been forming a right-angled descending broadening wedge pattern since December 2023.
As per Martinez, if ADA manages to break the $1.14 resistance level, it could trigger a price surge to $2.
The post Cardano Partner with Brazil’s Biggest IT Firm – Can This Drive ADA to $2? appeared first on Coinpedia Fintech News
The world’s largest state-owned IT company is teaming up with Cardano, and this could change how governments use blockchain. Brazil’s Federal Data Processing Service (SERPRO) has partnered with the Cardano Foundation, opening doors for massive blockchain adoption. Will this partnership impact Cardano’s price up to $2? Cardano Partner With SERPRO Cardano Foundation, the non-profit organization …
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale.
In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion.
Solaxy’s stunning presale, which is still ongoing, shows strong investor confidence in the project’s vision to help Solana maintain its position in the cryptocurrency world.
Technical Innovation Behind Solaxy Excitement
Blockchain networks face an ongoing challenge of balancing security, decentralization, and transaction throughput.
Despite Solana’s impressive processing capabilities compared to many competitors, periods of intense network activity (such as when $TRUMP launched) still create bottlenecks, resulting in delayed confirmations and occasional transaction failures.
Solaxy approaches this challenge through an architecture that processes transactions outside the main chain before bundling them together.
These streamlined validation mechanisms maintain security while improving speed, and reduce transaction costs across Solana.
This means Solaxy can help unlock Solana’s full potential, potentially creating billions in new economic value across the ecosystem.
Market Position And Investment Opportunity
With Solana currently valued around $65 billion, and Solaxy in its pre-launch phase, astute investors may recognize the potential value disconnect. Early participants can secure tokens at $0.001666, though this entry price increases in the next 24 hours as the offering advances.
Beyond potential price appreciation, the project offers a staking program currently yielding 152% annually, providing immediate benefits to participants. This rate will naturally decrease as more tokens enter the staking pool.
Cryptocurrency platform 99Bitcoins, with its 700,000+ YouTube subscriber base, recently featured Solaxy in its coverage. Analyst Umar Khan expressed particularly bullish sentiment, describing it as a “Solana gem” with the potential to multiply investment 100 times following its market debut.
This coverage from a respected industry voice provides the project with credibility and visibility, demonstrating its ability to resonate with serious cryptocurrency analysts.
Solaxy Arrives as Excitement Grows Around Solana
After months of turbulent price action, cryptocurrency markets appear to be stabilizing. Solana specifically has posted a modest 1.4% gain over the past week, holding firmly at the psychologically important $125 level.
This price zone carries special significance as it marked the exact support level before Solana’s previous surge to its all-time high of $294.33 in January. Technical analyst Crypto Patel has identified this as “strong support” that could potentially launch Solana toward $500 as market conditions improve.
This stabilization is already benefiting Solana ecosystem projects, with Render and Bonk up 8% this week while Helium has grown 22%.
Given Solaxy’s targeted approach addressing a core infrastructure need and its relatively smaller market capitalization, the project appears uniquely positioned to outperform even these impressive gains during the next market cycle.
For those interested in the token offering, Solaxy provides multiple ways to get involved. Participants can use Solana-compatible wallets, Ethereum-compatible wallets, or direct credit card purchases.
The process begins at the official Solaxy website, where you select your investment amount and preferred payment method. After the presale concludes, tokens are available for claiming.
Regarding security concerns, the project has completed a comprehensive audit through Coinsult, which found no vulnerabilities or issues in the codebase, providing additional confidence for potential participants.
As Solana’s ecosystem continues expanding, Solaxy represents an infrastructure improvement that could dramatically enhance the network’s capabilities.
The post Solaxy is Solana’s Rising Star as L2 Protocol Raises $26M: Best Crypto Presale? appeared first on Coinpedia Fintech News
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale. In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion. Solaxy’s stunning presale, which …
Dogecoin price may be on the verge of another price rally, according to a market analysis comparing its current trend to the 2017 cycle. A detailed chart analysis suggests a similarity between DOGE price movements in 2017 and its trajectory in 2024.
The data shows that in 2017, the meme coin experienced a surge followed by a consolidation period lasting 115 days before another upward movement. The present cycle has now extended to 119 days, indicating a potential repeat of past trends. If the pattern holds, analysts predict DOGE price could reach the $1 mark by June 2024.
Analyst Predicts Dogecoin Price Could Hit $1 by June
Analyst Master Kenobi took to the X platform, formerly known as Twitter, to highlight a potential repetition of Dogecoin’s historical price cycle. According to his analysis, Dogecoin had a 115-day consolidation period between major price surges in 2017. The current market structure shows a similar pause, now lasting 119 days. This resemblance to past movements suggests that Dogecoin price could be approaching another breakout phase.
The analysis also points to technical indicators supporting this prediction. The Relative Strength Index (RSI) displayed a sharp increase during the initial rally in both cases, followed by a downward correction during the consolidation phase.
Once RSI stabilized in 2017, the price experienced another surge. A similar pattern appears to be forming in 2024, reinforcing the expectation of a possible upward movement.
Source: X
Historical price cycles further strengthen the argument for a potential rally. The 2017 surge followed a prolonged accumulation phase, which appears to be repeating in the current cycle. If the top meme coin follows the same trend, analysts believe the meme coin rally could push DOGE toward the $1 mark in the coming months.
Technical Indicators Suggest a Meme Coin Rally
The analysis of Dogecoin price trends incorporates several technical indicators that align with the 2017 price cycle. Moving averages, RSI, and price action suggest that the current consolidation phase may be setting up for another strong rally.
More so, the Moving Average Convergence Divergence (MACD) indicator is signaling a potential bullish crossover as the blue MACD line is rising and appears to be crossing above the orange signal line. This crossover is a classic technical indicator of increasing bullish momentum, often interpreted as a buy signal by traders.
Additionally, the histogram bars have transitioned to blue, reinforcing the likelihood of an upward trend. As the histogram expands positively, it suggests growing buying pressure, which could push Dogecoin’s price higher in the coming sessions. This development indicates that momentum is shifting in favor of the bulls, potentially setting up a price recovery.
Source: TradingView
Furthermore, the Awesome Oscillator (AO) is reflecting a similar sentiment, as the histogram bars are beginning to lighten in color, transitioning from deep red towards green. This shift in momentum suggests that bearish pressure is weakening, and a potential reversal may be forming. If the AO continues to print green bars, it would confirm a bullish divergence, adding weight to the bullish case
At press time, the top meme coin is trading at $0.1743, reflecting a 5.34% surge in the past 24 hours. Additionally, the 24-hour trading volume has increased by 11.81%, reaching $1.16 billion, while its market cap stands at $25.89 billion, indicating strong bullish momentum.
