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Category: Crypto News, News

Solana, Cardano & Ethereum – Asia Wrap 18 November

By Published On: November 18, 20240.7 min readViews: 240 Comments on Solana, Cardano & Ethereum – Asia Wrap 18 November

Solana (SOL) made the rounds across crypto communities on Friday as key executives from VanEck and BlackRock gave contrasting views on the possibility of a SOL exchange-traded fund (ETF) launching in the US.

 

Cardano (ADA) is up 18% on Friday following rumors of the federal government leveraging its blockchain to build a blockchain-based election voting system. ADA has also seen increased attention from bulls, as its exchange net flows and open interest reveal increased buying pressure among investors.

Ethereum (ETH) is trading near the $3,000 psychological level on Friday, as its rising exchange reserve and declining network fees hint at potential reasons for its recent price decline. If ETH bounces off the $2,817 support level, it could break out of its recent decline and stage a 60% rally.

Ethereum Exchange Reserve | CryptoQuant

 


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