Cryptocurrencies Price Prediction: BNB. Solana & Bitcoin – European Wrap 24 October
|BNB Price Forecast: Technical outlooks favors bulls
Binance Coin (BNB) price increases to around $593 on Thursday after retesting and bouncing off a key support level on Wednesday. BNB's technical outlook suggests that further recovery is on the cards, while the coin’s long-to-short ratio also indicates that traders anticipate a rise in the price.
Unlocking liquidity: Gracy Chen insights on the future of Solana staking
In the rapidly evolving world of blockchain technology, the ability to efficiently manage assets is becoming a pivotal concern for both individual investors and institutions. Staking, a widely used mechanism to secure networks and earn rewards, has traditionally required locking up assets for a specific period, creating a dilemma between earning a yield and maintaining liquidity. For investors, this posed a challenge, particularly in volatile markets where the ability to quickly sell assets is crucial. The rise of liquid staking has introduced a potential solution to this problem, allowing investors to enjoy the benefits of staking without sacrificing liquidity.
Has Bitcoin completed a correction?
The cryptocurrency market has been rising since the start of the day on Thursday, recovering strongly from Wednesday’s late afternoon sell-off in the wake of global financial markets. At its lowest point, the market capitalisation was down to $2.23 trillion, and at the time of writing, it had risen to $2.32 trillion (+0.1% in 24 hours). The market’s intraday movements will reveal whether this marks the bears’ last stand or if the current rebound is just a bull trap.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.