Tether has seen it all. The speculation, euphoria, market meltdowns, and everything in between. USDT has remained steady and pegged to the USD, making it the favored choice of transaction medium across all of crypto.
Stablecoins are usually an indicator of crypto market health, and their recent performance lays the foundation for the bull narrative currently unraveling in the industry. This upward trend can be interpreted as a leading indicator of improving liquidity on-chain, suggesting an environment with more capital for deployment.
Lugano was not the first Swiss city to adopt this. The Canton of Zug and the municipality of Zermatt have already implemented the system. Switzerland has been ahead of the curve in adopting crypto assets for some time.
Last month, one of the largest Swiss banks, St. Solana has been in the news for a few years. It has been dragged through the mud since the FTX collapse, with its price seeing massive volatility in the past year alone. The activity on the network has also gone up, as expected. After successfully surpassing Ethereum in on-chain activity, Solana outshines its rival in another important metric, NFT sales. The industry might be witnessing a significant turning point as Solana gains ground.
Technical Analysis: Avalanche has reclaimed May levels, and the moving average is acting as support in light of this price rally. The increased buying activity suggests that AVAX is in the overbought region, which should signal an upcoming correction. Technical analysis: KAS is likely to break through the resistance at 0. It is also increasingly likely that KAS should test levels of 0.
