Author Archives: SOLANA NEWS REPORT

The Changing Landscape of Solana ($SOL) Trading The price of Solana ($SOL) has experienced a 5% decline this week, testing support just above the $20 mark. Over the past two weeks, the cryptocurrency has seen a further drop of 12%, as traders are diverting their attention from the Solana ecosystem to explore lesser-known alternatives that[Read more…]

Dogecoin (DOGE) and Solana (SOL) Recovery Amid Market Turmoil Dogecoin (DOGE) and Solana (SOL) are currently in the process of recuperating from the recent downturn triggered by the crash on August 17. Their respective network activities had maintained robust levels, leading analysts to anticipate a swift recovery. However, an additional challenge for Solana arises from[Read more…]

Solana’s Year-to-Date Performance Despite spending the majority of 2023 in a sideways trend, Solana has maintained an impressive year-to-date growth of 112%. This notable performance places SOL among the few blue-chip cryptocurrencies that have sustained a triple-digit YTD growth, instilling optimism for a potential short-term recovery rally. Current Price Analysis The current SOL price finds[Read more…]

Shiba Inu’s Potential Short-Term Uptrend The realm of cryptocurrency sees its price narratives shifting, with volatility ignited by Exponential Moving Averages (EMAs) in focus. Shiba Inu’s journey, particularly the crossings of its 21 and 50-day EMAs, unfolds as a telling tale. A bullish signal often accompanies the 21 EMA surging above the 50 EMA, hinting[Read more…]

Solana (SOL) Powers New Mobile Phone Plan Helium, a decentralized wireless network crypto project on the Solana (SOL) blockchain has launched a new Plan. The new mobile phone plan works on the Solana Web 3 Mobile phone and costs only $5 per month (taxes and fees). The plan offers unlimited talk, text, and data to[Read more…]

Eventful Week for DeFi! Let’s dive deeper into what went down in DeFi this past week. Overview: Sentiment Continues to Sink Total value locked (TVL) across all chains continues the downtrend, shedding another 2.5% as market sentiment prolongs its decline. Noteworthy exceptions to the trend are ConsenSys-backed L2 chain, Linea, which experienced a 40% swell[Read more…]

High Galaxy Score Paves the Way The High Galaxy Score of Solana positions it favorably for potential upward movement. This score not only indicates market health but also suggests a bullish sentiment that holds weight, backed by a surge in social engagement. NFT Ecosystem and Network Stability Amid the challenges posed by the market downturn,[Read more…]

Clockwork Announces Shutdown: Solana-Based Automation Startup Clockwork, a startup specializing in smart contract automation on the Solana blockchain, has declared its decision to cease operations by the end of October. The shutdown is attributed to “limited commercial upside,” marking another closure within the Solana ecosystem. The founder of Clockwork, Nick Garfield, explained that the shutdown[Read more…]

Solana’s Recovery and Recent Developments Solana faced challenges due to the FTX collapse, causing its SOL token to drop below $10. However, the chain has shown resilience and has been recovering since early 2023. As of now, the SOL token is hovering around $21. New Developments in August 2023 August 2023 brought a wave of[Read more…]

Solana Price Predictions Current SOL Value Today’s Solana price is $20.33, with a 24-hour trading volume of $618,897,839. Solana is down 0.46% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $9,473,881,101. It has a circulating supply of 418,890,490 SOL coins, and the maximum supply is not[Read more…]