Solana’s TVL Performance and Shift in Focus Solana’s performance has been a mixed bag recently, falling short of the once-hyped “Ethereum killer” status. Its DeFi performance, in particular, has been lackluster, evident from its Total Value Locked (TVL). Solana’s current TVL stands at $268.94 million, far below its historic high of $10.03 billion in November[Read more…]
Author Archives: SOLANA NEWS REPORT
31
May
May
Solana Defends $19.2 Support Level Solana (SOL) has shown strong performance since last Friday, with the bulls successfully defending the $19.2 support level. Bulls Push Prices Past Short-Term Resistance Over the weekend, the bulls managed to push SOL prices past a strong short-term resistance. This has sparked optimism that further gains may follow based on[Read more…]
30
May
May
Validators Update v1.14 Solana [SOL] has approved a new update for its validators named v1.14. After a majority of network users decided to upgrade to the new version on 22 May, v1.14 was considered to be adopted by the cluster. The good news was that, as per SOL’s tweet, the latest network update has been[Read more…]
30
May
May
Unlocking the Secret to Solana’s Remarkable Success in 2023
30
May
May
Exploring Solana’s Captivating Statistics: Anticipating an Upward Surge in Adoption
29
May
May
Solana’s Bullish Momentum Solana’s cryptocurrency (SOL) experienced a bullish surge on 25 May, propelling it above crucial multi-week trendline resistance. Often referred to as the “Ethereum killer,” SOL’s value had risen by 5% at the time of press, reaching a trading price of $20.45, as reported by CoinMarketCap. Bitcoin’s Downtrend and Its Potential Impact on[Read more…]
29
May
May
Introduction Despite the turbulence Solana [SOL] has experienced over the past six months, it continues to be a top-10 asset by market cap in the crypto sphere. This demonstrates the trust investors and holders have in Solana, often referred to as the “Ethereum [ETH] killer” by some of its enthusiasts. Even Ethereum founder Vitalik Buterin[Read more…]
29
May
May
Solana’s Bearish Market Structure and Potential Selling Pressure Solana’s [SOL] bearish market structure continued, with prices making a series of lower highs to extend sellers’ advantage. Prevailing market conditions and bears’ crack of the $20 support level further weakened the altcoin. Bitcoin’s [BTC] oscillation between $26k and $27k has introduced a high level of caution[Read more…]
25
May
May
Despite Turbulence, Solana (SOL) Holds Strong as a Top-10 Crypto Asset Over the past six months, Solana (SOL) has experienced its fair share of turbulence, but it continues to maintain its position as a top-10 asset in the cryptocurrency market by market cap. This speaks volumes about the trust that investors and holders have in[Read more…]
25
May
May
Solana Market Update: Analyzing the Current Situation and Outlook The market structure of Solana (SOL) has weakened recently as Bitcoin (BTC) struggles to stay firmly within the $27k price zone. Bears have breached the $20 psychological level, exposing SOL to additional selling pressure. Despite the ongoing bearish pressure, the “Crypto Fear and Greed” index is[Read more…]
