Polkadot (DOT) stalled after encountering resistance at $4.50 and is down almost 1% during the current session as sellers look to drive it below the 20-day SMA.

A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins. Related Reading: Get Ready For Take-Off! Shiba Inu Price To Jump 7,350% — Analyst Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run, outperforming most altcoins while leading the meme coin market with its numerous blockchain-based meme coins. However, the cryptocurrency’s Liquid Staking ratio has remained significantly low compared to Ethereum’s. Only 6.5% of Solana is staked through liquid staking, marking just one-third of Ethereum’s LSTs. In a recent report, Bybit disclosed that while Liquid Staking Tokens (LST) on the Solana blockchain did not experience immediate growth right off the bat, they are now starting to show signs of expansion and dominance in the DeFi landscape. Currently, half of the top 10 largest DeFi protocols by Total Value Locked (TVL) on Solana are now Liquid Staking providers, suggesting a rapid growth in the LST market. Additionally, the total market capitalization of LSTs on Solana has increased to $3.6 billion, reflecting a nearly 16X increase in its value from a year ago. Based on Ethereum’s LST market statistics, Bybit predicts that Solana’s LST market could potentially grow to $18 billion, representing 5X more than its current value. However, this massive surge is dependent on whether Solana’s LST ratio reaches that of Ethereum’s. Given how ambitious a $18 billion surge is, Bybit has considered it a more conservative and potentially attainable estimate. The report has suggested that if Solana’s liquid staking ratio were to grow by only 10%, it would represent a 53% increase in the size of its liquid staking market. For this to happen, Solana’s DeFi ecosystem is expected to gradually expand while the demand for LSTs on the blockchain rises. This increased demand may lead to massive adoption, attracting more developers, users and protocols to the Solana ecosystem. Furthermore, Bybit has highlighted its role in developing and improving the growth of Solana LSTs. To help drive massive adoption in Solana’s LST market and DeFi ecosystem, Bybit has announced its plans to launch its own liquid staking token on the Solana blockchain. Key Players To Gain From Solana’s Liquid Staking Growth Notably, the growth of Solana’s Liquid Staking could greatly influence the price dynamics of both SOL, Solana’s native token and JTO, the native token of Jito. A rise in Solana LSTs signals heightened adoption of the blockchain, which could attract a wave of new investors and users to SOL. This, in turn, could drive positive momentum for SOL, enabling the altcoin to potentially experience a significant price rally. Meanwhile, JTO, one of the key altcoins in the Solana LST market, stands to benefit immensely if Solana’s liquid staking reaches $18 billion. Related Reading: Blazing Solana: Analyst Foresees Nearly 700% Price Explosion With nearly $1.8 billion in staked SOL and 50% Solana LST market share, JTO is ideally positioned to capitalize on the projected growth of Solana’s Liquid staking ecosystem. Featured image from ByteTree, chart from TradingView

Bitcoin is facing liquidity challenges, supply divergence, and potential price recovery.

Binance Launchpool will include HMSTR farming beginning September 19, 2024. HMSTR trading begins on September 26th, with numerous trading pairs available. Binance revealed that Hamster Kombat (HMSTR) will be available The post Binance Launches Hamster Kombat (HMSTR) on Launchpool with Trading Pairs appeared first on Live Bitcoin News .

While Cardano might be near a long-term market bottom, in the short-term, the token may be slightly overvalued.

The conclusion of the Ripple vs. SEC case has invigorated the market, leading to optimistic sentiment around XRP. Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the end of the lawsuit,

More on this week's trending stocks Boeing shares turn lower as Moody's places ratings on review for downgrade Uber Stock: The One Thing Stopping Me From Buying It Merck Keytruda cuts mortality risk in gastric cancer by 20% Trump Media and Technology stock opens at a ten-month low

Bitcoin’s struggles continue as it breaks away from gold, seemingly getting even deeper into the bearish streak that started in late August. The CryptoQuant Bull-Bear Market Cycle Indicator, which tracks market trends, has been in the bear phase since August 27, when Bitcoin was trading at around $62,000. Since then, BTC price has dropped more

Shiba Inu marketing lead, Lucie, took a jibe at the emerging trend, arguing that comparing Shiba Inu to other meme coins is misleading and overlooks each token’s unique aspects. Despite her defense, Shiba Inu’s technical analysis of the charts revealed a declining interest in the meme coin. This trend has

It’s another busy week in the crypto markets! FTX recently made moves to unstake a huge bag of Solana as the distressed exchange begins to make payouts to its investors. Meanwhile, Kaspa unveils new tools for on-chain builders, while Rollblock (RBLK) continues to make new highs as investors keep on coming. Let’s dive in! Solana The post FTX/Alameda Unstake $24M Solana (SOL), Kaspa (KAS) and Rollblock (RBLK) See Prices Explode appeared first on CoinGape .

The Ripple case was one of the hottest topics in crypto town as well as the closely watched legal battle with the U.S. Securities and Exchange Commission (SEC). Now, with the conclusion of the lawsuit last month, a flurry of experts anticipates a potential rally in XRP price, with predictions aiming for a $4 milestone. The post Ripple Case Over; Will XRP Price Hit $4? appeared first on CoinGape .

The recent bear market has left many cryptos battered. However, Rollblock bucking the trend and flying high has had Avalanche and Shiba Inu holders jumping to its 100x blue-chip potential. This GambleFi online casino and sports betting platform, with its promise of a revolutionized gambling experience, has seen its presale skyrocket 150% in just weeks. AVAX The post Rollblock Surges as Avalanche (AVAX) and Shiba Inu (SHIB) Holders Look for Fresh Opportunities appeared first on CoinGape .

A report by research firm Bernstein examines the audiences of investors and cryptocurrency followers. Continue Reading: New Research Published in the US: Does Generation Z Show Interest in Cryptocurrencies? Here are the Latest Data

Sam Bankman-Fried’s legal team has appealed to the U.S. Court of Appeals for the Second Circuit, arguing significant errors made in his trial. The defense claims that evidence indicating Bankman-Fried’s

Both Dogecoin (DOGE) and Pepe (PEPE) are keeping investors busy with their recent price actions. In the background, rising crypto Raboo ($RABT) is taking center stage. The presale has already raised an amount over $2.4 million and 1 $RABT token is attractively priced at $0.0057. It positioned the project to

Key takeaways XRP has a strong community of supporters and developers continues to see tremendous potential in Ripple’s technology and products. Despite short-term price fluctuations and a bear market, many analysts believe XRP has a bright future. Whether it will reach new highs or continue to grow steadily, it remains to be seen, but this