Author Archives: ambcrypto.com

Solana’s [SOL] probation period may be up if the team behind the project does nothing to solve its recurring challenges. Recall that Solana had been the victim of several exploits, and network issues, with some occurring repeatedly between June and September 2022. The latest outage could be proof that the network needed improvements. However, before now, some investors had[Read more…]

Bitcoin [BTC] managed to hold on to the $19.2k short-term support, and it was able to rise back above the $20k level too. This shift in lower timeframe sentiment saw many altcoins post small rallies. Solana was able to bounce swiftly from the lower timeframe range it formed over the past week. At the time of writing, it[Read more…]

On 1 October, Solana [SOL] announced that it suffered another instance of network downtime. The announcement added to the tally of already existing instances where Solana reported network outages in the past. Solana is not new to reports of network downtime. According to the recent announcement, the network outage affected its ability to process transactions. This incident[Read more…]

Solana [SOL] is back in the news again. But alas, this time for an unpleasant reason. On 1 October, at 6:15 IST, Solana Status, a Twitter handle that is reportedly run by the Solana Foundation, posted a tweet about Solana’s fourth major outage since January. The tweet stated that the network was experiencing an outage and[Read more…]

On 29 September, Solana [SOL] managed to outperform several other cryptocurrencies owing to some appreciation in its price and market capitalization. Interestingly, the win was not only limited to its price. Solana also managed to beat Ethereum [ETH] in NFT sales growth over the last 30 days by a noteworthy margin. In fact, SOL registered an over 100% increase[Read more…]

With Solana’s repeated run-ins with bots and outages, it does not just outages and frustrated traders but projects building on top of Solana. Zebec is becoming the largest business-facing protocol on Solana, with more than 200 Solana projects utilizing Zebec’s services. With the rigid demand for payment applications, Zebec is proud to announce the launch[Read more…]

Solana [SOL] founder, Anatoly Yakovenko, talked about the progress of Solana’s technology department via a tweet published on 27 September. According to the tweet, Solana’s development progress has been going as planned. The Solana team also upgraded their QUIC protocol. In the coming future, Anatoly stated that wallets, users, and bots would start increasing prioritization fees for transactions.[Read more…]

In the past few days, some positive sentiment was seen on social media for Solana [SOL]. The network also registered a huge increase in the total number of wallets in May. This factor likely contributed to its 40 million daily transactions. On the charts, the asset has been stuck within a range, but in recent hours of trading, a[Read more…]

According to data from analytics platform Santiment, Solana [SOL] reached 1.65 million in NFT sales as of 26 September. This was the highest it stood at in September. However, can Solana’s growth in the NFT space keep SOL afloat? As can be seen from the image below, Solana’s NFT’s volume has been growing steadily over the past month. Some of the[Read more…]

At the time of writing, Solana’s (SOL) seven-day performance was pretty sluggish as it failed to register any promising gains. Though the prevailing crypto-market is a factor behind this performance, there might be other reasons as well. Nonetheless, there have been several positive developments in the Solana ecosystem that have the potential to change SOL’s fate.[Read more…]