Hakan Ateşler 
In the 2024 bull season, the coins earned on the Solana network, where another meme coin emerged every day and traders flocked, started to reach completely different levels. One person managed to earn 51 thousand SOLs on the token called Shroom in less than 1 hour. Analysts and cryptocurrency investors agree that this person is one of the project developers …
The US Federal Reserve (Fed) will announce its new interest rate decision tonight at 21 pm. It is certain that the Fed will leave interest rates unchanged, but the most important issue of the evening will be Jerome Powell’s speech. Powell will express his expectations and targets for 2024, especially after the recent higher-than-expected inflation figures, and every word he says will have an impact on the markets.
The stars of the current bull season are both Solana and the meme coins created on the network, while successful traders can make millions of dollars in 15 minutes or a few days. However, not everyone is equally talented. One trader has traded Meme Coins many times, but lost $147,000 in 3 days.
Crypto and digital investment products hit an all-time record for weekly inflows. In CoinShares’ weekly report, it was stated that the investment in these products last week reached $2.9 billion, surpassing the previous week’s figure of $2.7 billion.
The craze in Solana meme coins has reached unbelievable levels… The meme coin called SLERF, which was just released on the network, accidentally burned the tokens that hosted the capital it received from the pre-investor group. There was a loss of $10 million, while the price increased sharply. Exchanges also started to list SLERF as one by one. One investor earned $3 million in 12 minutes.
The Nvidia Conference, which has been heavily discussed by technology circles since last week, continues to be effective in cryptocurrencies. Many artificial intelligence coins, which have experienced sharp rises for about 1 week, continue their outflows as of the weekend and today.
Arbitrum, the Ethereum layer 2 project, which made a lot of talk about itself with its airdrop last year, enabled millions of tokens to be sent to exchanges. ARB fell more than 15% yesterday.
A statement came from the stock exchange regarding the “insider trading” claims on social media for BOME, which Binance listed the other day. In the announcement, it was stated that the person in the claims has no relation with Binance.
QCP Capital, which made a peak prediction in February when Bitcoin was at the level of $50,000 and was successful in this prediction, stated that the fear in Bitcoin investors has disappeared. In the weekly review analysis, the company also stated that option investors made $100 to $150 thousand of contract purchases for September and December, and commented that there is a downside risk in Ethereum.
The declines in cryptocurrencies over the weekend could not stop the surge in Solana. The transaction volume in Solana, one of the stars of the bull season so far, has also surpassed Ethereum. In the meme coin craze, SOL also surpassed BNB to become the 4th largest cryptocurrency.