For my loyal Supporters, I Thank You!

🚀 Wallet woes, begone! 💼 Manage all your crypto across chains, accounts, and wallets—finally, a solution that feels like a collective sigh of relief. 😌✨

No more network switching, forgotten tokens, or wallet-hopping chaos. Swap directly from charts, discover hidden gems in your portfolio, and embrace your wallet liberation like the true degen you are. 🙌💎

Namasté 🙏~ The Dinarian

We’re happy to announce our partnership with Solv Protocol, the on-chain Bitcoin Reserve. As part of this collaboration, Solv Protocol will allow users to mint SolvBTC and SolvBTC.BBN natively on Sonic, creating seamless access to these assets.

By using SolvBTC and SolvBTC.BBN across DeFi applications on Sonic, users will also qualify for a share of the ~200 million S airdrop, unlocking significant rewards.

Users will have plenty of opportunities to maximize the utility and benefits of SolvBTC and SolvBTC.BBN as Solv is planning integrations with a wide range of DeFi apps on Sonic.

What is Solv Protocol?

Solv Protocol is the on-chain Bitcoin Reserve, aiming to unlock the full potential of over $1 trillion in Bitcoin assets. It introduces the Staking Abstraction Layer (SAL), which simplifies the staking process by offering a unified interface for Bitcoin holders. This abstraction enables users to stake their Bitcoin and receive SolvBTC, a 1:1 wrapped Bitcoin token that operates seamlessly across various blockchains.

With SolvBTC, users can access numerous DeFi opportunities, such as yield farming, liquidity provision, and advanced trading strategies, without compromising asset liquidity. The protocol incorporates a tiered reserve system to mitigate risks associated with wrapped Bitcoin assets, providing a secure and robust foundation for its operations.

Solv Protocol has undergone rigorous audits by top security firms, including Quantstamp, Certik, and SlowMist, ensuring the safety and integrity of its platform. By integrating with DeFi platforms, Solv unlocks Bitcoin’s potential as a productive asset, allowing holders to earn yields and participate in broader financial ecosystems beyond its traditional use case.

In essence, Solv Protocol transforms Bitcoin into a versatile asset within the DeFi space, enabling users to maximize returns while maintaining transparency and security.

Bitcoin Liquid Staking Tokens (LSTs)

Bitcoin liquid staking tokens (LSTs) represent a transformative way to integrate Bitcoin into DeFi ecosystems while preserving its unparalleled security. On Sonic, Bitcoin LSTs enable users to unlock liquidity, earn rewards, and contribute to securing proof-of-stake (PoS) blockchains through innovative solutions like SolvBTC.BBN and Babylon.

Initially, Sonic users can mint SolvBTC.BBN, a liquid yield token that represents staked Bitcoin within the Babylon ecosystem. Babylon is a decentralized security protocol that leverages Bitcoin’s timestamping to enhance the security of PoS chains. By staking SolvBTC through Babylon on Sonic, users support other networks trustlessly, allowing PoS chains to inherit Bitcoin’s unmatched resilience. In return, stakers receive SolvBTC.BBN — a tokenized representation of their staked Bitcoin that yields rewards.

Furthermore, SolvBTC.BBN can be used across various DeFi apps on Sonic, allowing holders to earn even more rewards, trade, or leverage their assets without compromising the security benefits they provide to PoS chains.

By introducing SolvBTC.BBN and embracing the broader concept of Bitcoin LSTs, Sonic positions itself at the intersection of Bitcoin’s security and DeFi’s composability. As Sonic evolves, more Bitcoin LSTs than SolvBTC.BBN will become available to users.

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In a recent tweet, Charting Guy, a well-known cryptocurrency analyst, highlighted a notable pattern forming in the Stellar Lumens (XLM) market. His tweet centered around a seven-year “Adam & Eve” pattern observed on XLM’s chart, suggesting a potentially significant breakout for the cryptocurrency.

Understanding the Adam & Eve Pattern

Charting Guy’s analysis focuses on the “Adam & Eve” pattern, a well-established chart formation in technical analysis, typically considered a bullish reversal signal. The pattern consists of two main components:

Adam Formation: This is characterized by a sharp “V-shaped” bottom, reflecting a rapid drop and rebound in price. It suggests a phase of volatility and selling pressure, culminating in a significant low point.

Eve Formation: Unlike the Adam sharp bottom, the Eve phase forms a more rounded and gradual bottom, indicating a phase of accumulation and stabilization. This rounded bottom reflects a period where selling pressure eases, and buyers gradually regain control.

The pattern is completed when the price breaks above a common resistance line known as the “neckline.” According to technical analysts, this breakout often signifies a shift from a bearish to a bullish trend, with a considerable upward price potential.

Charting Guy’s Analysis of Stellar (XLM)

In his tweet, Charting Guy highlights the formation of a large-scale Adam & Eve pattern in XLM’s price chart over the last seven years. He indicates that the resistance, which serves as the pattern’s neckline, is close to being breached, signaling a potential bullish reversal.

The chart he shared demonstrates how the Adam pattern formed between 2018 and 2020 with a sharp drop and rebound, while the Eve pattern developed in a more rounded shape from 2021 to 2024.

Based on this formation, Charting Guy suggests a bullish breakout that could push XLM’s price target to the $3 to $5 range. This projection indicates a potential 50-fold increase from the bear market lows, highlighting the scale of the potential upside.

In his analysis, he underscores the importance of patience in investing, noting that the pattern’s formation has taken seven years—a testament to the long-term nature of significant technical trends.

Community Reactions and Insights

The crypto community has responded with mixed reactions to Charting Guy’s analysis. Among the notable reactions are comments from other X users.

For instance, Ernest Enriquez expressed confidence in XLM’s potential, sharing that he has significantly increased his holdings in anticipation of a potential 10x gain. His enthusiasm echoes the broader sentiment among XLM supporters, who see the coin as an undervalued asset poised for a major breakout.

Another user, Xrpisking, drew a parallel between XLM and XRP, suggesting that XRP tends to lead market movements that XLM follows. This correlation is a point of interest among market participants, as both coins are often considered competitors in the cross-border payment space. The suggestion is that traders should position themselves in XLM before a similar surge to that of XRP.

Evaluating the Potential Breakout

From a technical perspective, the Adam & Eve pattern’s significance lies in its historical reliability as a reversal indicator. If the pattern completes, it could send Stellar (XLM) towards the $3 to $5 target range, aligning with Charting Guy’s expectations. However, it’s important to acknowledge that technical patterns are not foolproof.

One factor supporting the bullish case is the increasing adoption of Stellar’s blockchain technology, particularly in facilitating cross-border payments and decentralized finance (DeFi) projects.

Additionally, the broader crypto market’s performance, especially in the context of Bitcoin’s cycle and the anticipated rise of altcoins, could play a significant role in determining XLM’s price trajectory.

This guy here has a good point as well, and mirrors my XLM target of $40 longer term:

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