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Ethereum Solana Bitcoin — Asian Wrap 08 May

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Ethereum is hinting at a resumption of a sideways movement on Tuesday after seeing inflows for the first time in seven weeks. Grayscale withdrew its application for an Ethereum futures ETF, and the Securities & Exchange Commission’s (SEC) Chair Gary Gensler has also called most crypto assets securities following a Wells Notice targeted at ETH-related firms.

ETHUSDT 2024 05 07 18 35 42 638507020951056466 638507331181357689

Solana network has been sensational since the fourth quarter (Q4) of 2023, making headlines with a series of successful meme coin launches that outperformed their peers. The network’s allure grew when it stood side by side against Ethereum in terms of transaction speed, scalability, transaction fees, ecosystem growth, and developer-friendly environment, with Solana blockchain thrashing Ethereum.

SOLUSDT 2024 05 07 22 40 08 638507232582759845 638507331254506610

Bitcoin (BTC) price could have significantly higher upside potential, Standard Chartered says, with a Republican administration in office in the US. 

BTCUSDT 2024 05 07 19 05 00 638507021963470920 638507331328409451


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