{"id":3345,"date":"2024-04-21T07:46:14","date_gmt":"2024-04-21T07:46:14","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/04\/21\/btc-halving-solana-meme-coins-ignite-bullishness\/"},"modified":"2024-04-21T07:46:14","modified_gmt":"2024-04-21T07:46:14","slug":"btc-halving-solana-meme-coins-ignite-bullishness","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/04\/21\/btc-halving-solana-meme-coins-ignite-bullishness\/","title":{"rendered":"BTC Halving, Solana, & Meme Coins Ignite Bullishness"},"content":{"rendered":"
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The dynamic realm of cryptocurrencies winds up yet another week with staggering developments witnessed surrounding Bitcoin, Solana, & meme coins\u2019 cryptographic ventures. The much-awaited BTC halving eventually unfolded, with a bullish ripple effect promptly following Bitcoin\u2019s landmark event.<\/p>\n

Meanwhile, Solana implemented a couple of upgrades to boost the network\u2019s functionality. Further, the meme coins sector revived following a fading season, piquing substantial investor interest.<\/p>\n

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Here\u2019s an overview of some of the top headlines for this week:<\/p>\n

BTC Halving Happens At Long Last<\/h2>\n

The Bitcoin halving event<\/a>, one of the most awaited bullish events within the cryptocurrency realm, finally came to pass, with Bitcoin curating waves across the vast sea of crypto. Although the token\u2019s price didn\u2019t witness much of a rising action post-halving, resting at the $63K mark, market sentiments appear to be reflecting optimism globally.<\/p>\n

Historical data suggests that Bitcoin\u2019s price trajectory<\/a> mirrors an extended consolidation phase post-halving, followed by a gradual parabolic uptrend. This has kept crypto market traders and investors on their toes, expecting the token to hit a new peak sometime around December 2024 or February 2025.<\/p>\n

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Meanwhile, with the halving event, Bitcoin saw its first meme coin<\/a>, PUPS, with the Runes protocol going live amidst the halving. These chronicles fueled immense bullishness among traders for Bitcoin\u2019s price action ahead.<\/p>\n

Solana Tackles Network Congestion<\/h2>\n

Solana<\/a>, Ethereum\u2019s eternal rival, ruled out a stockpile of developments this week, primarily aimed at tackling the issue of network congestion. Solana\u2019s network congestion resulted in the blockchain facing a severe backlash from the crypto community, urging the Solana Foundation to bring about appropriate measures to address the abovementioned issue.<\/p>\n

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Notably, Solana deployed v1.18.11<\/a> on the devnet with the help of Solana devshop Anza, which initially faced a setback. However, the devnet was successfully restarted again on April 20, fueling optimism on Solana\u2019s cryptographic ventures that showcase efforts to address the issue.<\/p>\n

Meanwhile, on April 15, the Ethereum rival ruled out the v1.17.31 release for the Solana network<\/a> mainnet, further fueling the optimistic fire surrounding the company\u2019s efforts to tackle dynamic cryptographic issues. This collectively paints a bullish portrait for SOL, Solana\u2019s native token, moving ahead.<\/p>\n

Also Read: Binance Tax Case Hearing Pushed to Mid-May in Nigeria<\/a><\/strong><\/p>\n

Meme Coins\u2019 Recovery Ignites Frenzy<\/h2>\n

Amidst the flurry of advancements this week, the meme coins<\/a> sector also showcased a storm of breakthroughs, nabbing significant attention among crypto market enthusiasts. Following pre-halving corrections witnessed in the market, the meme coin sector showcased signs of a recovery, as DOGE, SHIB, and many others recorded a price rebound.<\/p>\n

Notably, Dogecoin<\/a> advanced further with its crypto journey this week as Bitmain revealed plans to extend support for DOGE mining. Whereas, Shiba Inu, Dogecoin\u2019s rival, also mirrored a recovery trend, with numerous bullish events further following the token.<\/p>\n

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Shibarium<\/a>, Shiba Inu\u2019s L2, witnessed a staggering surge in daily transactions, whereas BONE<\/a>, a Shibarium token, recovered in tandem with the broader trend illustrated by SHIB. Shiba Inu\u2019s marketing lead shared vital insights into the newly launched PIKA and DAMN tokens<\/a>, injecting a shot of optimism into Shiba Inu\u2019s cryptographic ventures.<\/p>\n

Further, a new player entered the meme coins sector, as mentioned above, PUPS<\/a>, the first meme coin on Bitcoin. These chronicles collectively sparked immense investor curiosity orbiting the meme coins sector, further birthing optimism\u00a0 for the tokens across the cryptocurrency realm.<\/p>\n

Also Read: Cathie Wood\u2019s Ark Sells BITO, Buys Ark Spot ETF & ProShares Ether ETF Shares<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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