Solana (SOL) Price Decline: Factors and Technical Analysis Despite all the favorable market momentum, meme coin growth, ETF Approval, community governance vote for the validator, and PayPal launching the PYUSD stable coin on the Solana network, the Solana (SOL) price is declining for a week. The leading meme coins network, SOL, jumped today on 30[Read more…]
Author Archives: SOLANA NEWS REPORT
30
May
May
Innovation in Blockchain: Qubetics vs. Cardano and Solana Innovation is key in the rapidly evolving worlds of blockchain technology and cryptocurrencies. As investors and devotees eagerly anticipate the next major development, Qubetics emerges as a potential competitor. Due to its audacious vision and cutting-edge features, Qubetics is ready to take on well-established competitors like Cardano[Read more…]
30
May
May
Solana (SOL) on Its Journey to $216 The cryptocurrency market is buzzing with exciting opportunities as Solana (SOL) embarks on its journey towards the $216 mark. With a market capitalization of $79.48 billion, Solana (SOL) ranks fifth behind Bitcoin (BTC). After consolidating between $116.0 and $164.50 for over a month, Solana (SOL) broke through the[Read more…]
30
May
May
Navigating Market Phases Pal’s analysis centers around the concept of market phases in the cryptocurrency world. He explains that after the recent Bitcoin halving event, the market often experiences a period of sideways trading before entering a bullish “crypto summer” marked by explosive upside moves. “Initially, Bitcoin tends to outperform,” Pal notes, “but as the[Read more…]
29
May
May
The Solana Price Update The Solana price has surged by over 26% in the past month, with a 3% increase in the last 24 hours, reaching $171.79 as of 12:50 a.m. EST. However, crypto analyst Bluntz suggests caution, indicating that the SOL price might have reached its peak. According to Bluntz’s analysis, SOL’s charts indicate[Read more…]
29
May
May
Cloudbet: Embracing the Surge of Solana Transactions Cloudbet, a premier crypto casino and sportsbook platform, is witnessing a remarkable upswing in Solana-based transactions. Users are increasingly recognizing the advantages of Solana’s lightning-fast speeds and minimal fees, as highlighted by CoinGecko’s recent praise of Solana’s impressive 46x transactions per second (TPS) compared to Ethereum. Cloudbet users[Read more…]
29
May
May
The Rise of Meme Coins Amidst Crypto Bull Run The crypto world is gearing up for the long overdue anticipated bull run, being that the market is finally showing steady signs of recovery. All major coins are showing steady rises this week with Bitcoin and BNB having more than 5% and Ethereum over 20%. But,[Read more…]
29
May
May
Impact of Ethereum ETF Approval on Cryptocurrency Regulation The approval of spot Ethereum exchange-traded funds (ETFs) in the United States has significantly ignited the cryptocurrency landscape and marks a crucial step forward in cryptocurrency regulation. A recent research report by various analysts suggests that Solana ETFs might be next, signaling that other cryptocurrencies could receive[Read more…]
28
May
May
Introduction On May 27, the Solana community voted to allocate 100% of the network’s priority fees to its validators. The proposal, which passed with a 77% majority, marks a major shift in how the network’s fees are distributed. Previous Fee Distribution Previously, the priority fees on the Solana network were split evenly between rewarding validators[Read more…]
28
May
May
Ethereum (ETH) vs. Solana (SOL) – A Comparative Analysis Ethereum (ETH) is on a tear. The leading DeFi platform has seen its price skyrocket in recent weeks, solidifying its dominance in the space. Ethereum boasts a well-established developer community and a vast ecosystem of dApps, making it a go-to platform for many investors. But with[Read more…]
