Author Archives: SOLANA NEWS REPORT

Expansion into Asia with $5 Million Investment Blockchain-based credit marketplace, Maple Finance, has set its sights on the Asian market, announcing its expansion plans fueled by a $5 million investment round. The fundraising effort was spearheaded by BlockTower Capital and Tioga Capital, and also saw participation from Cherry Ventures, The Spartan Group, GSR Ventures, Veris[Read more…]

Phantom Introduces ‘Sign In With Solana’ Feature Phantom, the popular crypto and NFT wallet app, has launched a new feature called “Sign In With Solana” (SIWS), which allows apps to authenticate users securely using their Solana address. Phantom is a widely used wallet within the Solana ecosystem. This new SIWS feature aims to enhance the[Read more…]

Analyst’s Optimism Rooted in Historical Context This analyst’s positive outlook is firmly grounded in historical context. By drawing parallels with the events of 2019, the analyst shared their perspective, stating, “While 2019 provides valuable context, I hold the view that BTC, ETH, and SOL will not reach new lows in the year ’23. In my[Read more…]

SOL Price Prediction for August-End 2023 Multiple determinants including prevailing market conditions, price trends, advancements, supply dynamics, and use cases will collectively influence whether SOL can experience an upward surge in its price by the conclusion of August 2023. Building upon SOL’s performance at the onset of 2023, industry experts in the realm of cryptocurrencies[Read more…]

The Emergence of Bitcoin Spark: A Beacon of Opportunity for Solana and Ethereum Holders The cryptocurrency landscape is witnessing the emergence of a new player that challenges the status quo and redefines technological innovation. This new asset, known as Bitcoin Spark, has captured the attention of Solana and Ethereum holders as it represents more than[Read more…]

The Role of Layer 2 Solutions: Examining the Recent Arbitrum Batcher Pause The recent hour-long pause of Arbitrum One’s batch poster has reignited the debate on the role of layer 2 solutions in the blockchain ecosystem. Arbitrum operates as a scaling solution built on top of the Ethereum network. However, this incident has prompted discussions[Read more…]

SOL Coin Performance Overview The performance of SOL coin has been mixed in recent times. Over the last month, it experienced a decrease of 13.09%, and over the last six months, it declined by 5.57%. However, it has shown a positive year-to-date return of 121.98%, accompanied by a negative one-year return of 37.46%. Solana Network[Read more…]

SOL Price Chart: Key Points Throughout the first half of August, Solana buyers struggled to maintain a position above the combined support level of $22.4 and the 50% Fibonacci retracement. However, in the latter part of the month, aggressive selling pressure emerged, causing a breakdown of the aforementioned support. This decline signals the continuation of[Read more…]

Solana (SOL) Emerges as a Top Liquid Altcoin on Coinbase Solana (SOL) has experienced a remarkable surge, establishing itself as one of the most liquid altcoins available on the renowned cryptocurrency exchange, Coinbase. This significant development has been recently affirmed by the findings of Kaiko, a reputable market intelligence firm within the cryptocurrency space. The[Read more…]

The Decline of Solana’s Price The price of Solana (SOL) has experienced a decline after facing rejection at the $27 horizontal resistance level in July. Analysis of the daily timeframe suggests that this downward trend is likely to persist in the near future. Long-Term Resistance and Breakout Confirmation Upon examining the weekly timeframe, it becomes[Read more…]