Browsing: Altcoins

XRP sentiment has reached a three-month bearish extreme, but nearly 50,000 active XRPL addresses point to sharply rising network participation. | Credit: CCN.com

Both Ethereum(CRYPTO: ETH) and Solana(CRYPTO: SOL) are considering tokenomics changes that would make them scarcer than gold by 2031, according to a new Grayscale research note.

Grayscale’s July 17 SEC filings said its Ethereum and Solana staking ETFs would convert staking rewards to cash and distribute them to shareholders at least quarterly, with the changes expected around Aug. 7.

Poker fans couldn’t go anywhere without seeing the Solana branding at the 2026 World Series of Poker (WSOP), and it was for good reason.

Bitcoin is down 28% this year and trades 35% below its January high of $97,860, while XRP is down 46% and trades 58% below its own peak of $2.41.

Solana (CRYPTO: SOL) is often compared to Ethereum (CRYPTO: ETH). Both blockchains support smart contracts, which are used to develop decentralized apps (dApps) and other tokenized assets, as well as staking, which allows investors to earn yield on their staked tokens.

Curve (CRV) is expanding deeper into lending with LlamaLend V2. Lighter (LIT) is using exchange revenue to buy back and burn its token, creating a direct link between trading activity and token supply. Harmony (ONE) is dealing with a major exploit involving billions of newly minted tokens. Meanwhile, Internet Computer (ICP) is pushing its decentralized…

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are facing downside pressure, holding at crucial support levels. The technical outlook for XRP, ADA, and SOL indicates a mild bearish bias as downside pressure mounts.

Leading cryptocurrencies fell, even as stocks rallied on Wednesday as investors weighed the latest consumer inflation numbers that came in line with expectations.

The altcoin season index suggests that the long-awaited altseason is yet to come.