From Boom to Doom: Max Keiser Predicts SOL's Price Will Drop to $20!

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📉 Max Keiser Foresees Dramatic SOL Price Drop to $20

Keiser is notorious for labeling altcoins like SOL as scams, and he now predicts that the Ethereum-killer could soon face a dramatic price plunge.

Max Keiser, a vocal critic of altcoins, recently sparked discussions in the crypto community with his bold prediction that Solana's (SOL) value may potentially drop to $20. Despite SOL's recent positive market trends, there are still ongoing concerns about the long-term viability and adoption of the Solana blockchain. While technical advancements have been made, it remains uncertain whether the recent market excitement surrounding SOL is due to real adoption of Solana's fast blockchain technology or simply speculative trading. This could suggest that Keiser’s prediction might be more plausible than many in the crypto world currently believe.

🤕 ShibArmy Begins Recovery Amid Shibarium Struggles and SHIB Dip

The Shiba Inu community is a bit concerned as Shibarium is facing a huge decline in activity.

Shibarium, the layer-2 platform linked to Shiba Inu, is struggling with a significant drop in network activity, with a decline in daily transactions to just 4.91 million, the lowest in over a month. This downward trend, which started in late December of 2023, has continued into the new year, raising some valid concerns about the network's future. January 2024 is proving to be a critical time for Shiba Inu, as the community and investors are waiting to see how the project team addresses this slump. The measures they implement could be crucial in shaping Shibarium's trajectory moving forward.

👀 Goldman Sachs Eyeing Bitcoin ETF Role Via BlackRock and Grayscale: Sources 

Goldman Sachs is currently involved in discussions to become an "authorized participant" for the Bitcoin ETFs of BlackRock and Grayscale.

Goldman Sachs is currently in negotiations to become an authorized participant (AP) for the bitcoin ETFs that BlackRock and Grayscale want to introduce in the U.S., a crucial function in the ETF industry responsible for creating and redeeming ETF shares to align trading with their underlying assets. This move would place Goldman Sachs alongside other financial heavyweights like JPMorgan Chase, Jane Street, and Cantor Fitzgerald, who recently took on the AP role for various firms seeking approval from the Securities and Exchange Commission to launch bitcoin ETFs.

📜 Tuttle Capital Files for Six Leveraged and Inverse Bitcoin ETFs With SEC

The company structured its Bitcoin ETFs to provide both leveraged and inverse investment opportunities, based on the performance of reference spot Bitcoin ETFs.

Henry Jim, a Bloomberg Intelligence ETF analyst, stated that Tuttle Capital's proposed Bitcoin ETFs will initially reference the yet-to-launch iShares Spot Bitcoin ETF, with the flexibility to use other spot Bitcoin ETFs in the future. Tuttle Capital plans to introduce six ETFs, including T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs, alongside T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs. These funds are designed to offer daily leveraged or inverse outcomes, amplifying the performance of their reference spot Bitcoin ETF by 150% to 200%.

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