Solana (SOL) has captured the attention of former Goldman Sachs executive Raoul Pal, who recently declared it one of his standout altcoin choices and a potential contender to Ethereums dominance.

In a new interview, Pal highlighted Solanas unique strengths, emphasizing its unrivaled speed and performance, qualities that have even prompted payments giant Visa to choose it as their platform of choice.

Pal unveiled his enthusiasm for SOL, dubbing it one of his foremost altcoin choices and a contender for the most promising project outside of Ethereum. The crypto luminary also shed light on the growing influence of Solanas co-founder, Anatoly Yakovenko, popularly known as Toly, in the cryptocurrency landscape.

Pals bullish stance on Solana stems from its speed and exceptional performance, characteristics that have garnered attention even from giants like Visa.

Pal said:

This sentiment represents the distinctiveness of Solana in comparison to Ethereum and hints at the potential for interconnectivity between these blockchain ecosystems. Visas recent announcement of its foray into stablecoin settlement capabilities on Solana further bolsters its credibility in the industry.

Despite Pals optimistic outlook, the charts tell a different story for Solana. On August 5th, SOL experienced a bearish market structure as its price plummeted below the crucial $22.73 support level. Subsequently, in mid-August, the cryptocurrency endured a sharp decline, witnessing a staggering 23.8% drop from its recent peak.

As of now, Solana remains in the grip of this downtrend, with its market structure yet to show signs of a reversal. The Relative Strength Index (RSI) lingers below the critical 50-point mark, underscoring the prevailing bearish momentum. A pivotal line of defense for the bulls is the 78.6% retracement level at $16.94.

According to analysts, a test of this support level could offer a viable buying opportunity, potentially targeting local highs at $25.5, $29, and an ambitious $32. However, a dip below the $15.5-mark would invalidate any hopes of a bullish reversal at the 78.6% retracement level.

At the time of reporting, SOL was trading at $19.84 at CoinGecko, reflecting a 3.7% gain in the past 24 hours. Over the course of the previous seven days, SOL had exhibited a commendable rally of 12.5%.

In contrast, Ether (ETH) was priced at $1,637.25, marking a modest 0.3% increase within the past 24 hours. Over the same seven-day period, ETH had recorded gains of 5.5%.

(This sites content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Britannica

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Solana Eclipsing Ethereum? Wall Street Veterans Top Altcoin Pick Emerges - NewsBTC

James Butterfill from CoinShares notes that outflows over the last 9 weeks aggregate to almost $0.5 billion

The CoinShares team also mentioned that digital asset investment products saw outflows totaling $54 million last week, with outflows for 8 out of the last 9 weeks that aggregate to $455 million.

Bitcoin has reportedly comprised 85% of the outflows, seeing $45 million last week. Short-bitcoin inflows the prior week proved to be short-lived, with outflows of $3.8 million last week.

Ethereum, the largest smart contract platform, reportedly saw outflows totaling $4.8 million last week, despite what we believe are attractive investment fundamentals and high demand for its staking yield.

Overall, digital asset investment products saw considerable outflows, presumably due to uncertainty in the crypto markets, thus marking the 5th consecutive week. There have been outflows for 8 out of the last 9 weeks that aggregate to $455 million, with year-to-date net inflows falling to just $51 million.

The primary focus of the negative sentiment from a regional perspective has been the US, which saw 77% of the outflows, while Germany, Canada and Sweden also continue to suffer. Volumes picked up a little to US$1bn for the week, up 42% compared to the prior week.

Bitcoin (BTC), the flagship cryptocurrency, comprised the majority of the outflows, seeing $45 million last week. And short-bitcoin inflows the prior week proved to be short-lived, with outflows of $3.8 million last week. However, it remains the most loved investment product with month-to-date inflows at US$12m.

Ethereum (ETH), the second-largest crypto-asset by market cap and overall adoption, saw substantial outflows last week as well, despite what CoinShares believes are attractive investment fundamentals and high demand for its staking yield. Other altcoins, such as BNB Coin and Polygon saw minor outflows of $0.3 million each.

Some altcoins continue to buck the trend, with Solana, Cardano and XRP all seeing inflows of US$0.7m, US$0.43m and US$0.13m respectively.

Blockchain equities also saw its 6th consecutive week of outflows, totaling US$9.6m last week.

More here:
Digital Asset Market Report: Bitcoin (BTC), Ethereum (ETH), Altcoin Outflows Reach Nearly $500M In Past 9 - Crowdfund Insider

Cryptocurrency enthusiasts and investors are perpetually on the lookout for the next big thing, the best altcoin investment, and the top crypto coin that could potentially yield substantial returns. As we step into 2023, three promising altcoins have captured the imagination of the crypto community, each with its unique value proposition. Monero (XMR), Filecoin (FIL), and Borroe.Finance ($ROE) are making waves in the crypto space, and heres why theyre considered some of the best crypto investments for the year ahead.

>>BUY $ROE TOKENS NOW<<

Borroe.Finance ($ROE) is a groundbreaking project poised to revolutionize the Web3 space. This remarkable endeavor is built on Polygon, a layer-2 blockchain renowned for integrating the finest privacy features. So, what makes Borroe.Finance the best crypto investment of 2023?

Borroe.Finance serves as a marketplace where the Web3 community can seamlessly convert their future recurring income into Non-Fungible Tokens (NFTs). These NFTs are presented to buyers at a discounted rate in exchange for upfront cash, with full repayment scheduled on a predetermined date.

The platform integrates AI-powered risk assessment, secure blockchain technology, and streamlined payment solutions, creating a safe and efficient fundraising process. This innovative approach encourages buyers to effortlessly sell and trade future recurring revenue NFTs directly with each other on secondary markets, fostering a truly peer-to-peer ecosystem.

>>BUY $ROE TOKENS NOW<<

To further incentivize community involvement, sellers can offer substantial discounts and other enticing incentives to encourage funding of their requests. $ROE introduces a unique fee structure, featuring a 3% buy tax allocated into 1% Burn, 1% Rewards, and 1% Marketing.

Additionally, a 3% sell tax is designed to motivate long-term holding, reinforcing $ROEs potential as a top coin to buy.

Borroe.Finance is propelled by a team of visionary leaders. Michael Price, a former VP at XE.com, and Maxim Prishchepo, a prominent figure in the blockchain space with substantial experience in tier 1 projects, spearhead this dynamic team.

This key differentiator sets Borroe.Finance apart from projects that choose anonymity, instilling trust in the projects viability. Moreover, Borroe.Finances codes have undergone rigorous auditing by BlockAudit, one of the industrys leading smart contract auditing platforms, ensuring safety for all users.

As of now, Borroe.Finance is in the initial phase of its presale, generating substantial excitement within the crypto community. Priced attractively at $0.0125 per token, $ROE has garnered significant attention from investors keen on accumulating it at the most favorable rates.

With over 70 million $ROE tokens already sold, the presales funding will be dedicated to expanding Borroe.Finances ecosystem and enhancing utility for $ROE holders. To foster inclusivity, Borroe.Finance has significantly lowered the barrier to entry for the presale, ensuring that virtually anyone can participate.

Additionally, multiple payment methods have been incorporated to accommodate well-established crypto communities, including BTC, ETH, and BNB enthusiasts. The opportunity to become part of this promising venture is knocking; dont let it slip away.

Monero (XMR) is one of the most prominent cryptocurrencies in the market, and its appeal lies in its unwavering commitment to privacy and security. Monero continues to be a top choice for investors, and heres why they remain bullish on this privacy-focused coin.

Moneros primary strength lies in its unyielding dedication to privacy. Unlike most cryptocurrencies, where transactions are visible on a public ledger, Monero transactions are confidential and untraceable. This is achieved through advanced cryptographic techniques like Ring Signatures, Stealth Addresses, and Ring Confidential Transactions (RingCT).

Filecoin (FIL) is at the forefront of an innovative space where blockchain technology meets data storage. In 2023, investors continue to show enthusiasm for Filecoin due to its unique features and the potential it holds.

Filecoins primary function is to serve as a decentralized marketplace for data storage and retrieval. It empowers users to rent their excess storage space and earn FIL tokens in return, creating a distributed and efficient data storage network.

As we navigate through 2023, these three altcoins Monero (XMR), Filecoin (FIL), and Borroe.Finance ($ROE) beckon with potential, underlining the ever-evolving nature of the crypto market. While each possesses unique attributes, all share the common promise of delivering substantial returns to investors.

Learn more about Borroe.Finance ($ROE) here:

Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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These 3 Promising Altcoins Could Yield Millionaires in 2023: Monero (XMR), Filecoin (FIL) and Borroe.Finance - Bitcoinist

As September unfolds, the altcoin market is riding the waves of Tradecurve Markets (TCRV), Solana (SOL), and XDC Network (XDC). This month is particularly notable for Tradecurve Markets as it embarks on its presale phase, providing an exciting opportunity for early investors to participate in this promising project. Stay tuned for more insights on these altcoins as we delve into their unique features and potential trajectories.

Register For The Tradecurve Markets Presale

Tradecurve Markets (TCRV): From $0.010 to a Sizzling $0.025 and Climbing

Tradecurve Markets is making waves in the financial sector with its hybrid trading platform that borrows benefits from both centralized and decentralized exchanges. Here, a global user base gets direct access to cryptocurrencies, equities, commodities, and forex.

One of Tradecurve Markets standout features is the elimination of the cumbersome and often intrusive KYC processes. This democratizes trading, enabling anyone globally to embark on their trading adventures by merely linking their DeFi wallet and depositing cryptocurrency as collateral.

But that's not all; Tradecurve Markets offers an arsenal of innovative tools. Tradecurve Markets users can emulate top traders, harness AI for trading automation, reap rewards through crypto staking, and amplify their trading power with up to 500:1 leverage.

The fervor surrounding Tradecurve Markets presale is undeniable. Starting from a price of $0.010 in phase 1, the token's value has ascended to $0.025 as of today. With the price set to keep on increasing as the presale moves through its phases, the rush to get in early is heating up.

Given this powerful debut in the vast world of finance, market experts foresee a remarkable ascent for Tradecurve Markets, with potential gains soaring above 5,000% upon its debut on leading exchanges later in the year.

Solana (SOL): Rebounding and Rising to DeFi Dominance

Solana's remarkable journey from $8 to an impressive $32 has captured the global crypto community's gaze. The rebound from the relentless bearish tide of 2022 is the driving force behind Solana's recent spike, but the fundamental developments the platform has gone through so far this year can't be denied.

Currently priced at $19.39, Solana has retraced from the recent $32 peak that preceded the consolidation. Analysts note that now could be a great time to get into Solana before the next leg higher, especially if it can regain the $32 highs.

Positioned as the go-to platform for DeFi 2.0 projects, Solana is gearing up for the launch of several major initiatives. The 50% uptick in Solana's Total Value Locked (TVL) since the start of the year has bolstered the prevailing optimism.

Among the new DeFi 2.0 projects, Kamino stands out as the key project that could amplify Solana's adoption. Kamino makes it easy for Solana fans to earn yield through automated market makers and its arrival is expected to bring massive capital inflow into the Solana ecosystem.

Register For The Tradecurve Markets Presale

Weighing XDC Network (XDC)'s Growth Against Tradecurve Markets (TCRV)'s Presale Momentum

XDC Network has captured the market's attention this month after starting an alliance with IMDA's TradeTrust. Major media entity Bloomberg spotlighted this collaboration and highlighted its practical applications in the real world. This partnership news propelled the XDC Network price from $0.03 to an impressive $0.095 in a matter of weeks.

However, it's worth noting that the XDC Network price has since receded to the $0.05682 mark. Despite this, the general sentiment around XDC Network remains bullish, with predictions hinting at a surge towards its record high of $0.20.

Should XDC Network move lower, the $0.50 and $0.45 areas should provide strong support. On the flip side, $0.075 and $0.10 are important resistance levels that need to be breached for the XDC Network bull run to continue.

However, the prospective growth of the TCRV token, especially its presale, might offer more lucrative returns than the XDC Network. For the XDC Network to match the anticipated growth of Tradecurve Markets, it would need to achieve a staggering market cap ranging between $50- 100 billion, a feat that's undoubtedly challenging.

For more information about the Tradecurve Markets (TCRV) presale:

Website: https://tradecurvemarkets.com/

Buy presale: https://app.tradecurvemarkets.com/sign-up

Twitter: https://twitter.com/Tradecurveapp

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September Brings Altcoin Heat with Solana (SOL), XDC Network ... - Siliconindia.com

There are no major crypto or macroeconomic events scheduled for this week, so we are going to focus on three aspects.

The United States Securities and Exchange Commissions (SEC) decision on the approval of a Bitcoin spot ETF is something to watch for.

Experts say that one of these two things will happen the SEC says it needs more time to take a decision or the SEC directly rejects ETF applications. While the latter is not outside the realm of possibilities, investors are still expecting a delay.

Read more: Bitcoin Weekly Forecast: US SEC likely to reject BTC ETF, experts say

ARK Innovations Cathie Wood and BlackRock filings for a Bictoin ETF were two events that reignited the ETF flame. But the SEC has already delayed Woods Ark 21Shares Bitcoin ETF application by several weeks.

If traders were expecting an influx of volatility due to this event, they should not.

It looks like Bitcoin price is ready to move higher into the $30,000 region, but it has been that way for nearly two months now. Since it is the start of a new week, BTC might be primed to climb higher to $30,340.

A bit of consolidation around the $30,500 area would be a good place for short sellers to bet on their bearish thesis. If this outlook does come to pass, the conservative targets include $28,138, $27,330 and $26,767.

With Bitcoin price being a bore, investors have moved to altcoins to satiate their risk appetite. These investors are not just into pesky and boring Centralized Exchange (CEX) altcoins, theyre also trading in the on-chain altcoins ecosystem, where scammers run amok. Still, investors are hunting these tokens due to the enormous returns that these on-chain altcoins offer.

Read more:

On-chain degeneracy rages as Bitcoin fails to deliver: Part oneOn-chain degeneracy rages as Bitcoin fails to deliver: Part two

Elsewhere, nearly $200 million worth of token unlocks are due this week for The Sandboxs SAND, Apecoins APE and Injective Protocols INJ.

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Altcoin mania and Bitcoin ETF approval remain hot topics; heres what to expect this week - FXStreet