Author Archives: ambcrypto.com

Solana [SOL]-based DeFi platform Mango Markets approved a proposal that will let the hacker keep almost half of the $113 million he stole from the protocol earlier this week. In a twist of events…. …the Mango Markets DAO has voted overwhelmingly in favor of a counteroffer. This would enable the platform them to receive $66 million, and the hacker[Read more…]

Solana [SOL] once again outperformed the king of altcoins, Ethereum, in the NFT space by registering massive growth in terms of total NFT sales in the last month. It managed to grow by more than 100%, while Ethereum registered a negative 18% growth during the last 30 days. Apart from Ethereum, other popular chains like BNB[Read more…]

Solana’s [SOL] immediate baseline in the $30-zone managed to reignite some buying pressure for the last three weeks. As the alt approached this support, the bulls would look to capitalize on this in the coming sessions. Empirically, reversals from this baseline have rekindled short-term buying pressure. Meanwhile, the 20 EMA (red) and the 50 EMA (cyan)[Read more…]

Solana [SOL]‘s journey in the cryptocurrency market has been nothing short of a fairy tale with every big player supporting the ecosystem in 2021. Although in 2022, SOL witnessed a few ‘haunted‘ twists in this tale. From hacks to price corrections to network outages, the list can go on and on. Fairy tale gone wrong?[Read more…]

Good news came in for SushiSwap [SUSHI] as it managed to nab the second position in the list of top gainers in the Solana ecosystem in the last seven days. Sushi registered some promising price movements lately that helped the token achieve this new milestone as it registered over 12% weekly gains.  According to CoinMarketCap, at press time, SUSHI was[Read more…]

Bitcoin wobbled around the $19k-mark and Monday’s high and low can be very useful for lower timeframe traders to form their biases around. The momentum for the king of crypto has been bearish recently, although the weekend saw little volatility. Solana [SOL] faced selling pressure over the past week as well. Traders could watch out for a buying[Read more…]

Solana [SOL], as of 9 October, announced a new experiment that the ecosystem planned on undertaking. Blue chip SOL NFTs, such as DeGOD’s  and y00t’s would undergo a change where royalties would be eliminated. This may provide a much-needed boost to the Solana NFT marketplace.  The DeGodsNFT official twitter account posted an update  stating that they would be removing their royalty fees which were[Read more…]

Solana [SOL] co-founder Anatoly Yakovenko believes that though network outages have been the biggest challenge before the network, a “long-term fix” could be on the way. Yakovenko commented on the issue of frequent outages during a recent Decrypt podcast. Yakovenko believes Firedancer will prove to be the solution to the issue. Firedancer is a new validator client that is[Read more…]

Solana’s price was massively impacted due to the recent downtime. Even though the sentiment of the crypto community was against SOL at the time of the press, Solana’s stakers have continued to show faith in the ecosystem. What’s at stake After the downtime that occurred on Solana’s network on 1 October, Solana witnessed a drop in the number of stakers, multiple[Read more…]

Solana’s [SOL] immediate ceiling in the $34-zone has constrained the buying pressure for the last three weeks. As the bulls strive to retest this resistance again, SOL could present an opportunity in the coming sessions. As observed empirically, reversals from this ceiling have reignited short-term selling pressure. Meanwhile, the two-week-long trendline support flipped to resistance on[Read more…]