by Penny Angeles-Tan | Nov 18, 2024 | Business
Solana’s price surge, bullish technical indicators, and strong on-chain metrics suggest a potential breakout, with the cryptocurrency eyeing a new all-time high of $250. Explore Solana’s technical outlook, regulatory developments, and factors influencing its growth amidst market volatility.
Solana, the high-performance blockchain platform, has been making significant strides in the cryptocurrency market.
Its recent price surge, coupled with positive on-chain metrics and favorable regulatory developments, has positioned it for a potential breakout even though the crypto market is experiencing a lot of price declines today.
With the current performance, is it true that Solana will soon reach its new ATH at $250? Can Solana reach the resistance price to reach the new ATH? Check out the explanation below.
Solana’s Technical Analysis: A Bullish Outlook
At the time of writing this article on November 18, Solana’s price is currently at $233,200. This increase is supported by the RSI value which is at 64.96, which means that the buying trend is more dominant than the selling trend. Solana’s MACD line also shows a bullish signal.
Solana’s technical analysis paints a bullish picture. The cryptocurrency has successfully broken out of a symmetrical triangle pattern, indicating a strong upward trend. The $222 resistance level has now turned into support, providing a solid foundation for further growth.
However, the current price range between $234 and $242 represents a critical zone. A decisive break above $242 could propel SOL towards higher resistance levels, potentially reaching its all-time high. Conversely, a failure to hold this level could lead to a correction.
On-Chain Metrics: Signaling Strength
On-chain metrics further support Solana’s bullish outlook. A significant spike in open interest and dominance of long positions among traders indicate strong investor confidence.
Additionally, Solana’s impressive transaction volume, particularly during the US election week, highlights its growing adoption and network activity.
Regulatory Tailwinds and Institutional Interest
The potential for a Solana ETF listing in the US has generated significant excitement among investors. A favorable regulatory environment, especially under a crypto-friendly administration, could accelerate institutional adoption of Solana.
Market Sentiment and Bitcoin’s Influence
The broader cryptocurrency market, particularly Bitcoin, is also experiencing a bullish trend. Bitcoin’s recent price surge could further fuel the momentum of altcoins like Solana.
However, on the same day, the price of BTC decreased. From its highest price and latest ATH at $91,455, the price of BTC is now $89,937 with a decrease of 1.54%.
Conclusion
Solana’s combination of strong technical analysis, positive on-chain metrics, and favorable external factors positions it for a potential breakout. However, it’s crucial to remember that the cryptocurrency market is inherently volatile.
While the current outlook is bullish, it’s essential to exercise caution and conduct thorough research before making investment decisions. Stay updated on market trends, regulatory developments, and technical analysis to navigate the dynamic world of cryptocurrencies.
For those of you who are interested in investing in crypto, you can do in-depth research first so you know what strategy to apply. If your research is thorough, you can get maximum benefits from investing.
Bitrue has many features that can help you do research before buying a crypto coin. Starting from checking coin prices to converting from token price to USD, you can also do it easily on the Bitrue website.
by Penny Angeles-Tan | Nov 15, 2024 | Events
On November 6, 2024, The Manila Hotel officially welcomed the holiday season with an eagerly anticipated Christmas Tree Lighting Ceremony. The Grand Dame sparkled with renewed grandeur, marking the beginning of the season in timeless style.
A Festive Celebration of Filipino Heritage
Each year, the hotel’s grand lobby transforms into the heart of Manila’s Christmas festivities, with a towering Christmas tree adorned in sparkling ornaments and twinkling lights taking center stage.
This year, guests are invited to a uniquely Filipino holiday celebration with the theme of Pasko Natin! – a heartfelt tribute to the Philippines’ rich cultural heritage infused with the warmth of the season.
The elegant décor is the creation of The Manila Hotel’s Social Director and Design Consultant, Rachy Cuna, who has masterfully incorporated salakot, a traditional Filipino headgear, and native materials. This design showcases Filipino artistry, creating a memorable Filipino Christmas experience that honors tradition while embracing the season’s joy.
Distinguished Guests and a Heartwarming Ceremony
Distinguished guests, including The Manila Hotel chairman Basilio C. Yap and The Manila Hotel president graced the festivities. Atty, Jose D. Lina, Jr., The Manila Hotel director and executive vice president Dr. Enrique Y. Yap, Jr., The Manila Hotel vice president for sales and marketing Marvin Kim Tan, The Manila Bulletin publisher Herminio ‘Sonny’ Coloma, Ambassador of Israel Ilan Fluss, Minister of Taipei Economic and Cultural Office in the Philippines deputy representative Dustin Teng-Shi Yang, Bb. Pilipinas International 2024 Myrna Esguerra, and officers of the Philippine Association of Wedding Planners.
Representatives from event sponsor Esguerra Kurobuta also joined the festivities. Guests were treated to a selection of premium Kurobuta Berkshire products, specially prepared and presented in a truly spectacular fashion — by a grand waiters’ parade.
Adding to the celebration, the Office of the President Chorale, under the musical direction of Professor Ronald Y. Bello, an alumnus of the Philippine Madrigal Singers, serenaded guests with classic Christmas carols, filling the lobby with the melodies of the season.
“Our Christmas Tree becomes more than just a decoration each year—it becomes the heart of the city’s holiday gatherings,” said Atty. Joey D. Lina, Jr., president of The Manila Hotel. “At The Manila Hotel, we are proud to make the holidays seamless for our guests, from our festive hampers to our grand lobby décor, creating a true home away from home for the season.”
A Day of Celebration and Community Spirit
The annual Christmas Tree Lighting Ceremony, a symbol of hope and peace, was further enriched by the performance of children from The House of Refuge Foundation, who performed song and dance numbers. The foundation is a long-time partner of The Manila Hotel, dedicated to providing shelter and support for street children. This partnership reflects the hotel’s commitment to social responsibility and community engagement, playing a vital role in shaping brighter futures for these young individuals.
Beyond the visual splendor, the hotel’s Christmas decorations embody the rich heritage and timeless charm of The Manila Hotel, serving as a symbol of true Filipino hospitality. With its festive ambiance, The Manila Hotel remains a cherished holiday destination for Manileños and visitors alike.
The Manila Hotel is located beside kilometer zero (0), where the City of Manila begins, and is within walking distance from the Philippines’ known landmarks: Rizal Park, Intramuros, and National Museums. Defined by its history, elegance, and world-class service, The Manila Hotel is the choice hotel for the most distinguished clientele.
Since 1912, The Manila Hotel has continuously provided the best services and amenities for a truly memorable experience.
It has more than 500 well-appointed rooms and 22 function rooms, including three (3) ballrooms. Apart from these, the hotel offers five-star relaxation and wellness experiences with the Manila Hotel Spa, adult and children’s pools, and the Manila Hotel Health Club.
The hotel is home to the Heritage Museum, a treasure trove of priceless memories that narrate its illustrious past. It also has an Art Gallery that offers a window into a contemporary world, captured through the objective point of view of different artists. It has six (6) dining outlets, each offering a unique culinary adventure:
- Café Ilang-Ilang, which is a favorite spot for its extensive selection of international buffet delights;
- Champagne Room, with its Old European style fine dining and also hailed as the most romantic room in Manila — it features European cuisine in a posh, fine-dining setting;
- Tap Room, an Old English pub-inspired outlet where one can enjoy an evening of live music;
- Lobby Lounge, which is ideal for casual dining, aperitif, post-dinner nightcaps, or leisure meetings;
- Red Jade is a fine-dining restaurant that serves authentic Chinese cuisine;
- and Delicatessen offers the hotel’s signature pastries, bread, chocolates, and pralines.
by Penny Angeles-Tan | Nov 15, 2024 | Health and Wellness
Manila Prince Hotel proudly announces the grand opening of its brand-new Fitness Center, a modern facility located in the Lower Lobby of the hotel. The opening was celebrated with a ribbon-cutting ceremony on Friday, November 8, 2024.
The event was led by Atty. Joey Lina, the president of Manila Prince Hotel. He was joined by Elaine Santos, vice president for administration; Marvin Kim Tan, vice president for sales and marketing; and Riza Shanti Lim, a renowned fitness expert and wellness advocate.
The Fitness Center reflects the hotel’s commitment to enhancing the experience of its guests. Although it is compact, it is equipped with modern technology and offers nearly 100 workouts and exercises suitable for all fitness levels. The facility features a variety of Life Fitness equipment, including an Abdominal Machine, Bench Press, Biceps Curls Machine, Chest Press Machine, Dumbbells, Fly Machine, Lat Pulldown Machine, Leg Extension Machine, Medicine Balls, Row/Rear Deltoid Machine, Shoulder Press Machine, Squat Rack, and Treadmills.
“Manila Prince Hotel has always been a symbol of hospitality. Our goal is to create a space where guests can achieve their fitness goals and improve their overall well-being during their stay with us,” said Atty. Lina.
The Fitness Center operates daily from 6:00 AM to 10:00 PM and offers complimentary access for checked-in guests. It includes secure locker rooms with convenient changing facilities for added comfort. Guests can enjoy complimentary detox water and towels during their visit, ensuring a refreshing and enjoyable fitness experience.
We invite you to experience our new Fitness Center and take a step toward a healthier lifestyle during your stay at Manila Prince Hotel. For inquiries or to book your stay, please call +632 5328 2222 or email **@**********ce.com.
by Ferry Bayu | Nov 15, 2024 | Business
We are pleased to announce that JDM: Japanese Drift Master will be released in spring 2025! The game will take players to Japan’s scenic and challenging tracks, offering an exceptional driving experience, dynamic racing, and licensed car models. A rich story campaign and a host of additional challenges are in the pipeline, allowing players to fully immerse themselves in the world of Japanese cars and drifting culture.
Watch the trailer for JDM: Japanese Drift Master – [HERE]
About Japanese Drift Master
JDM: Japanese Drift Master is a simcade racing game that combines a realistic driving experience with the accessibility of arcade games. This allows players to feel like real drifters without the need to sacrifice months of their time majoring in driving physics. Attaining smooth and easy-to-learn gameplay has always been and is our end goal.
Immerse yourself in the world of JDM: Japanese Drift Master and experience the story of a foreigner who wants to make a name for himself in the Japanese drifting scene. Enter a world of speed and precision, where earning respect means competing fiercely to become the best hashiriya behind the wheel. Get ready for a thrilling adventure on the roads of Guntama prefecture!
Exploration
Get ready to visit Ichikara—one of the exciting areas in JDM: Japanese Drift Master! Inspired by Tokyo’s most vibrant districts, Ichikara is a modern cityscape bursting at night with neon lights, towering billboards, and iconic architecture that’s a true tribute to drift and car culture. You’ll discover nods to famous movie locations and landmarks cherished by automotive fans, making every corner a visual feast, whether by day or in the glow of night.
High-speed cars
JDM: Japanese Drift Master allows players to get behind the wheel of licensed cars from iconic brands including Mazda, Subaru, and Nissan. Each vehicle has been recreated to provide a realistic driving experience, whether racing on the track or drifting around the winding roads of Japanese mountains. Automotive enthusiasts can expect a wide range of meticulously crafted car models, including authentic engine sounds, for unforgettable thrills.
Tuning and modifications
JDM features advanced vehicle tuning and customization options that allow players to fully customize their machines. Players will be able to modify the performance of their cars, choosing from a wide range of parts and settings to, among others, improve grip, engine power, or drifting balance. Meanwhile, in the paint shop, players will be able to personalize the look of their car – from changing paint colors and patterns to adding unique stickers and graphics.
Exciting events
Take part in a variety of events designed to test your skills. From fast track races and intense drift challenges to time trials and special head-to-head battles and drag showdowns. Each event offers unique gameplay dynamics and opportunities to showcase your mastery behind the wheel.
An engaging storyline in a manga form
JDM: Japanese Drift Master is not only about racing but also about a compelling storyline. The game takes players into the world of Japanese car culture and offers a story full of competition, friendship, ambition, and emotion, presented in the form of dynamic Japanese comic book frames. Over 40 story challenges await you, as well as side quests, to immerse you in the world of JDM.
The beauty of the open world
JDM takes place in the fictional Japanese prefecture of Guntama, inspired by the mountainous region of Honshu. Players will be able to explore this vast open world full of beautiful vistas – from narrow mountain passes to urban streets and picturesque countryside – with over 250km of main roads to explore, showcasing the true atmosphere of Japan.
—JDM—
You can now play the free demo prologue of JDM: Rise of the Scorpion. This is a unique opportunity to try out the first elements of our game before the full release in Spring 2025. The prologue features dynamic racing, realistic driving physics, licensed cars, and a unique introduction to the storyline of the full version of JDM.
Gaming Factory is responsible for developing JDM: Japanese Drift Master and is working with 4Divinity on the global release of the title. More information about the game can be found on Steam, Epic, GOG, and the official website.
If you have any questions related to the title, please contact our marketing department at co*****@*****me.com.
Gaming Factory
The company was founded in 2017. Its main goal is to find unique game ideas, support creative indie developers, and help them at every production stage. Gaming Factory is a game publisher for gamers. https://gamingfactory.pl.
by Penny Angeles-Tan | Nov 15, 2024 | Business
Is altcoin season on the horizon? With Bitcoin hitting new highs, key indicators suggest an altcoin boom may be approaching. Learn what to watch for and when the next altcoin surge could happen.
The cryptocurrency market is buzzing with excitement as Bitcoin reaches new heights. On November 14th, 2024, Bitcoin surged past its previous high of $73,000 in March 2024, reaching a staggering $90,250. This surge has many investors wondering: when will the next altcoin season arrive?
Some experts attribute Bitcoin’s recent success to the U.S. presidential election results. However, the bigger question for many is whether altcoins will experience a similar boom.
Understanding Altcoin Season
While Bitcoin season signifies a period of high demand and rising prices, altcoin season refers to a surge in interest and value for alternative cryptocurrencies, such as Solana (SOL) and Ethereum (ETH).
Multiple factors can indicate an altcoin season, including:
1. Increased Altcoin Dominance: This metric measures the combined market capitalization of all altcoins compared to Bitcoin. A dominance level exceeding 75% for altcoins over three months is often considered a sign of an altcoin season.
2. Rising Trading Volumes: Increased trading activity for altcoins suggests growing investor interest.
3. Coin Price Breakouts: Altcoins experiencing significant price increases can signify the beginning of a season.
4. Altcoin Season Index: Third-party tools track various factors to generate an altcoin season index.
Is Altcoin Season Here?
As of November 11th, 2024, the altcoin season index suggests we are not yet in an altcoin season with its altcoin rating at 37. However, several indicators suggest it could be on the horizon:
1. Total Market Cap Excluding BTC and ETH: This metric focuses on the overall market capitalization of altcoins, excluding Bitcoin and Ethereum’s influence. A recent breakout in this metric could indicate an altcoin surge.
2. Dogecoin’s Fibonacci Level: Dogecoin (DOGE) is often considered a barometer for the altcoin season. DOGE’s recent rise above its key 50% Fibonacci level can be interpreted as a positive sign.
3. U.S. Dollar Strength: A weak U.S. Dollar (USD) often coincides with a strong crypto market. The USD’s inability to break past its 50% Fibonacci level suggests continued strength for cryptocurrencies.
Cardano (ADA) and Dogecoin (DOGE): A Tale of Two Altcoins
Cardano (ADA) is a utility-focused altcoin experiencing steady growth. ADA price sits around $0.5797, with a healthy trading volume. While short-term sentiment may be cautious, long-term prospects for Cardano appear promising.
Dogecoin (DOGE), on the other hand, faces a potential decline. While still actively traded, investor focus seems to be shifting towards altcoins with real-world applications. Data suggests a high concentration of DOGE ownership among a small group, potentially impacting price stability.
The Future of Altcoins
With Bitcoin reaching record highs, expectations for a robust altcoin season are rising. Investors should monitor key indicators and conduct thorough research before making investment decisions in any cryptocurrency.
1. Regulatory Impact on Altcoins
Government regulations can significantly impact the cryptocurrency market. Favorable regulations can boost investor confidence and lead to increased market participation. Conversely, stringent regulations can stifle innovation and hinder market growth.
The U.S. Securities and Exchange Commission (SEC) plays a crucial role in shaping the regulatory environment for cryptocurrencies. The SEC’s stance on cryptocurrencies, particularly regarding security tokens, can influence the trajectory of altcoins.
2. Institutional Adoption of Altcoins
Institutional investors, such as hedge funds, pension funds, and endowments, have the potential to significantly impact the cryptocurrency market. As more institutions adopt cryptocurrencies, it could lead to increased market liquidity and price stability.
However, institutional adoption is often hindered by regulatory hurdles, security concerns, and a lack of understanding of the underlying technology. As the regulatory landscape evolves and institutional investors become more comfortable with cryptocurrencies, we may see increased interest in altcoins.
Conclusion
While the current market conditions seem favorable for an altcoin season, it’s essential to approach with caution. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider the risks involved before making any investment decisions.
By staying informed about market trends, regulatory developments, and technological advancements, investors can make informed decisions and potentially capitalize on the opportunities presented by the altcoin market.
Stay updated with everything in the crypto ecosystem by continuing to visit the Bitrue website and reading articles on the Bitrue blog. Bitrue also has many features, such as checking crypto token prices in real-time, knowing how to convert crypto token prices to USD easily, and participating in various events with crypto token prizes so you can get maximum benefits.
You must be logged in to post a comment.