Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

On November 12, Solana’s (SOL) trading volume hit a four-month high of $12.60 billion amid the altcoin’s rally above $200. However, the same volume is now less than half of that, suggesting that Solana bears are ensuring that the price fails to rally toward $300.

But the question remains: Is a SOL rally no longer on the cards? This analysis examines the chances.

Solana Sees Waning Interest, Low Activity

According to Santiment, Solana’s volume is down to $5.72 billion. In the crypto market, trading volume represents the total number of coins or tokens exchanged during a specific period. This key metric offers insights into market activity and liquidity, helping traders assess the strength of price movements and overall interest in a particular asset.

From a price perspective, the increase in volume alongside a rise in a crypto’s market value is a bullish sign. 

However, in this case, the decline while the token trades at $216 suggests that Solana bears are restricting it from rousing higher. Thus, if the volume continues to decline, Solana’s price might also follow a downward trend.

Another metric that affects this is Solana’s active addresses. Active addresses measure the unique wallet addresses involved in sending or receiving funds within a specific timeframe. This metric reflects network activity and user engagement. 

A rise in active addresses often signals increased adoption and usage, which can positively influence a cryptocurrency’s price. Conversely, a decline may indicate waning interest in the network, potentially exerting downward pressure on the price.

According to Glassnode, Solana’s active addresses declined from over 20 million during the last days of October to 17.98 million. If this decrease continues, SOL might not have enough user engagement to support the uptrend.

SOL Price Prediction: Drop Below $200?

On the daily chart, Solana bears pushed the price back as soon as it hit $222.49. This pullback ensures that the altcoin’s hopes of reaching $300 have diminished. As mentioned above, the volume has decreased, which is also validated on the chart. 

If that is the case, Solana’s price could decrease toward the $190.30 level. This will happen if selling pressure increases and SOL bears continue to control the price direction.

On the other hand, an increase in volume accompanied by buying pressure could invalidate this thesis. If that happens, Solana’s price might cross above $225 into the $300 level.

Reports suggest that Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), may step down before Donald Trump assumes office in January.

Speculation around Gensler’s resignation follows growing backlash from the crypto community against his leadership at the regulatory agency.

Gensler Could Resign SEC Role Before January

On November 15, Fox Business reporter Eleanor Terrett hinted that Gensler could announce his resignation shortly after Thanksgiving.

“It’s anyone’s guess when his resignation announcement will come, but chatter in DC circles is that he’ll likely announce after Thanksgiving his intention to exit in early January, ahead of Trump’s inauguration,” Terrett said.

Notably, recent remarks from Gensler himself add to the speculation. In a Nov. 14 speech, he expressed pride in his service at the SEC, calling attention to the agency’s efforts to protect American investors. Gensler’s speech also included reflections on his tenure and what some interpreted as a farewell message.

“I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance,” Gensler wrote.

During his leadership, the SEC approved the first spot crypto exchange-traded funds (ETFs), which Gensler described as a significant step forward. He positioned this as a contrast to prior administrations that had blocked similar advancements.

However, his tenure has been marked by intense criticism from the crypto sector. Tyler Winklevoss, co-founder of Gemini, accused Gensler of harming the industry through a heavy-handed regulatory approach. Winklevoss argued that Gensler prioritized personal ambitions over fair regulation, describing his actions as damaging and deliberate.

Winklevoss warned the crypto community against associating with Gensler in the future, stating:

“No amount of apology can undo the damage he has done to our industry and our country. This type of person has no place at any institution, big or small. Americans have had enough of their tax dollars going towards a government that is supposed to protect them, but instead is wielded against them by politicians looking to advance their careers.”

Gensler’s SEC has pursued high-profile enforcement actions against major crypto firms, including Binance, Coinbase, and Ripple. Critics claim this enforcement-heavy strategy has stifled innovation and created an adversarial relationship between regulators and the industry.

Eyes on Gensler’s Successor

As speculation about Gensler’s resignation grows, attention has shifted to his potential replacement under Trump’s administration. Possible candidates include Robinhood’s Chief Legal Officer Dan Gallagher, former SEC General Counsel Bob Stebbins, and current Republican SEC Commissioner Mark Uyeda.

Although Gallagher appears reluctant to accept the role, former SEC Chair Jay Clayton has endorsed Stebbins. Other contenders reportedly include Brad Bondi, Paul Atkins, Heath Tarbert, and Norm Champ.

The next SEC Chair will inherit a divided regulatory landscape and face the challenge of repairing strained relations with the cryptocurrency sector. As the industry continues to evolve, the SEC’s approach under new leadership will play a crucial role in shaping the future of crypto in the United States.