Solana’s AI Venture Faces Challenges in Reviving SOL’s Troubles
Author Archives: SOLANA NEWS REPORT
23
May
May
Solana [SOL]: Bears Break Under $20 as Sellers Look to Extend Gains Solana [SOL] remained on a perpetual bearish slide, despite a recent report highlighting increased network usage for the altcoin. The inflow of new users hasn’t had any significant impact on SOL’s price. The bearish momentum saw the price close below the key $20[Read more…]
22
May
May
Introduction Despite having a smaller user base compared to Tron, Solana (SOL) has managed to outperform Tron in various aspects. This article explores the reasons behind Solana’s success. Solana’s User Engagement Although Tron currently has more daily active addresses on its network compared to Solana, Solana surpasses Tron in terms of daily transactions by a[Read more…]
20
May
May
Despite Turbulence, Solana Remains a Top-10 Asset Over the past six months, Solana (SOL) has experienced its fair share of turbulence. However, it continues to hold its position as a top-10 asset in the crypto sphere. This speaks volumes about the trust investors and holders have in Solana, often referred to as the “Ethereum killer”[Read more…]
19
May
May
Solana Price Analysis Solana (SOL) has experienced significant price fluctuations in recent times. While it has witnessed a positive trend overall, with a price surge of over 100% since the beginning of Q1, there has been a recent decline of approximately 14% within the last 30 days. Despite the bearish trend observed over the weekend,[Read more…]
19
May
May
Solana Bulls Cling to $20 Support Amidst Lack of Demand Solana [SOL] has experienced increased network usage as transaction fees on Ethereum [ETH] and Bitcoin [BTC] rose. However, despite the surge in users, other metrics such as Total Value Locked (TVL) have been on a downtrend, and prices have followed suit. Resistance Levels and Bearish[Read more…]
18
May
May
Solana: The Rise of a Blockchain Network Amidst High Transaction Fees Solana experienced a surge in new users as the escalating transaction fees on Ethereum (ETH) and Bitcoin (BTC) pushed individuals to seek alternatives on the Layer 1 (L1) network, according to data from The Block. Rising Transaction Fees on Ethereum and Bitcoin The Ethereum[Read more…]
16
May
May
Solana’s NFT Ecosystem Witnesses Massive Growth Solana’s [SOL] NFT ecosystem witnessed massive growth over the last seven days, as suggested by the latest data. According to CRYPTOSLAM, the number of buyers and sellers of Solana NFTs increased by more than 100% last week. Not only that, but the number of total transactions also increased slightly.[Read more…]
15
May
May
Polygon’s Progress in the Gaming Sector In the crypto space, there has been a constant race between various protocols in terms of activity. With Tron (TRX), Binance Coin (BNB), and Arbitrum (ARB) attracting large amounts of activity on their networks, it becomes difficult for protocols such as Polygon (MATIC) to compete. However, Polygon’s progress in[Read more…]
14
May
May
Introduction Despite all the turbulence Solana (SOL) witnessed over the past six months, it remains a top-10 asset by market cap in the crypto sphere. This speaks volumes of investors’ and holders’ trust in Solana, dubbed the “Ethereum killer” by some of its more ardent users. Price Performance and Trends This was reflected well on[Read more…]
