Buying Solana (SOL) on Bitget: A Step-by-Step Guide for 2024

What is Solana (SOL)?

Solana is a high-performance, open-source blockchain known for its exceptional speed and efficiency in processing transactions and executing smart contracts. Its innovative consensus mechanism combines Proof of History (PoH) with Proof of Stake (PoS), enabling rapid transaction processing.

Is Solana a Good Investment in 2024?

In 2024, Solana is viewed as a promising investment opportunity. Despite recent impressive growth, its current price of around $94 suggests potential for further gains, especially when compared to its previous all-time high (ATH) of $250. This discrepancy indicates room for substantial returns.

Where to Buy Solana in 2024?

Bitget is a notable cryptocurrency broker known for low fees and a user-friendly interface. It provides a cost-effective and accessible platform for trading, making it an attractive option for both beginners and experienced traders.

How to Buy Solana on Bitget:

1. Set Up Your Bitget Account

• Visit Bitget using this link.
• Sign up with your email or mobile number.

2. Complete Identity Verification

• Fulfill Bitget's identity verification process, selecting your country, uploading identification documents, and submitting a selfie.

3. Buy Solana with a Card

• Link your Visa or Mastercard by choosing the Credit/Debit card option in the Buy Crypto tab.
• Replace USDT with SOL and add a new card.
• Complete the transaction with zero fees.

Note: Screenshots are not provided due to the text-based format.

More on Bitget:

Bitget is favored for its:

• Low Fees: Among the most competitive in the market.
• User-Friendly Interface: Simplifies the trading process for all levels of traders.

Binance Predicts 7 Influential Events Shaping Bitcoin, Ethereum, Ripple, And Cardano In 2024

Key Events Expected to Influence Crypto Market in 2024, According to Binance Report

Binance, the world's largest cryptocurrency exchange, has outlined several key events expected to significantly impact the trajectory of the crypto market in 2024, as highlighted in a recent research report.

1. Spot Bitcoin Exchange-Traded Funds (ETFs) Approval: The approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) on January 10th is considered a crucial event. Binance anticipates that this approval could attract institutional investors, leading to substantial inflows of institutional capital into Bitcoin over the long term.
2. Potential Approval of Spot Ethereum (ETH) ETFs: Traditional asset managers like BlackRock and Fidelity have filed for spot Ethereum ETFs. If approved, these ETFs could have a significant impact on Ethereum and the broader market.
3. Positive Progress for Ripple (XRP): Ripple's favorable ruling in the dispute with the US SEC and the launch of its Central Bank Digital Currency (CBDC) platform are highlighted. Binance expects Ripple's platform to play a crucial role in the issuance of digital currencies as CBDCs gain global attention in 2024.
4. Cardano (ADA) Scaling Efforts: Binance recognizes Cardano for its ongoing efforts in scaling solutions, including the development of Hydra and the upcoming Midnight sidechain. These efforts are expected to contribute to Cardano's growth and adoption in 2024.
5. Renewed Interest in Aptos (APT) and Sui (SUI): Binance notes a renewed interest in blockchain projects like Aptos and Sui. The recent market rally, particularly in non-Ethereum Virtual Machine (EVM) based operating systems like Solana (SOL), has sparked further interest in these projects.
6. Growing Institutional Adoption: Reputable traditional asset management giants, including BlackRock and Fidelity, entering the crypto space in 2023 indicate growing institutional adoption. The report expects more institutions to join the crypto industry in 2024, especially with positive headlines surrounding spot Bitcoin ETFs and the upcoming halving event.
7. Security Remains Paramount: The report emphasizes the paramount importance of security in the crypto industry. While improvements have been made, the industry continues to focus on refining processes and fortifying defenses to maintain user trust.

As of the report's writing, Binance's native token, BNB, has exhibited notable upward momentum, recording gains of 28% in the past 30 days with a current trading price of $314.

These insights reflect Binance's analysis of potential market trends and events that could shape the crypto landscape in the coming year. It's important for investors to conduct thorough research and stay informed about market developments.

Shiba Inu Becoming Bullish, Ethereum Price Screams Rally Continuation, Bitcoin Not Giving up Market Dominance

Shiba Inu (SHIB) Ascending Triangle Pattern: Potential for Significant Price Surge

Shiba Inu is currently exhibiting an ascending triangle pattern on the SHIB/USDT chart. This technical formation, featuring a flat upper resistance line and a rising lower support line, could signal a substantial price surge for the meme coin.

The ascending triangle suggests that buyers are gradually gaining ground against sellers, with each dip being bought up at a higher level than the previous one. This accumulation of pressure may lead to an upward breakout.

For Shiba Inu, which has experienced a period of limited activity, this pattern could serve as a catalyst for increased volatility in the near future. Despite a decline in interest towards legacy meme coins in recent market conditions, the ascending triangle pattern indicates potential for a significant price movement.

The lack of significant developments within the Shiba Inu network has contributed to subdued activity around the cryptocurrency. Meanwhile, the meme coin sector's vibrant activity has shifted to the Solana network, attracting traders and investors seeking quick gains and excitement.

Ethereum (ETH) Correction: Potential Rally on the Horizon

Ethereum is currently undergoing a correction, with recent sharp downturns visible on intraday timeframes. However, such corrections often precede reversals, suggesting that Ethereum could be gearing up for an upswing.

Despite the correction, Ethereum's price action respects key technical indicators, including moving averages. Ethereum's pullback could be viewed as a healthy consolidation phase before the next potential rally. The correction might be shaking out weak hands, paving the way for a stronger rally supported by a more committed investor base.

Bitcoin's (BTC) Dominance Persists Amidst Market Volatility

Bitcoin briefly breached below the 50-day EMA (Exponential Moving Average), a critical indicator of medium-term market sentiment, but has since climbed back above this pivotal level. This move signals a bullish sentiment, indicating that Bitcoin is not ready to relinquish its market dominance.

However, the ascent above the 50 EMA has been moderate, suggesting potential selling pressure as Bitcoin ascends. Bitcoin's recent price action, characterized by a drop from highs around $47,000 to lows near $41,000, briefly shifted attention to altcoins, showcasing the trend of diversification across the crypto spectrum during Bitcoin's periods of weakness.

Despite the opportunities for altcoins, Bitcoin's ability to rebound above a crucial technical level underscores its underlying strength and its role as the anchor of the crypto market. Bitcoin's movements continue to dictate broader market sentiment, and this rebound could indicate its resilience and unwillingness to cede its dominant position.