Solana Soars: Price Up Over 13% in 48 Hours Solana (SOL) has been a bright spot in a somewhat volatile cryptocurrency market this week. As of May 23, 2024, Solana is trading around $174, reflecting a gain of over 7% in the past seven days. This upward trend comes despite some corrections in the broader[Read more…]
Author Archives: SOLANA NEWS REPORT
25
May
May
In the United States, debates continue about which cryptocurrency will secure the third exchange-traded fund (ETF) following Bitcoin and Ethereum. Recently, although XRP was frequently mentioned, focus has shifted to Solana (SOL), driven by growing anticipation for a spot ETF approval for Ethereum (ETH). Industry experts believe Solana’s robust market presence and rising popularity make[Read more…]
25
May
May
PawFury (PAW): The Rising Star PawFury (PAW) is a new and thrilling cryptocurrency making waves in the crypto world. During its presale, PawFury raised more than $2.5 million, showing that a lot of people trust and are excited about it. With over 30,000 members on Telegram, PawFury has a lively and growing community. The current[Read more…]
25
May
May
Solana Price Decline Following SEC’s Approval of Spot Ethereum ETFs Solana price has been declining steeply following the SEC’s approval of spot Ethereum ETFs. For example, the SOL/ETH pair, which is closely monitored, has dropped by 16.8% since May 17 following the U.S. Securities and Exchange Commission’s (SEC) request for Ether ETF applicants to revise[Read more…]
24
May
May
Solana (SOL) Journey: Target $216 With a market capitalization of $78.35 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 $164.50 resistance and began its journey towards $216. Upon breaking the $164.50 resistance, Solana (SOL) accelerated its rise, starting yesterday at[Read more…]
24
May
May
Technical Indicators Point to a Promising Uptrend Solana’s current price hovers around $158, just shy of a critical resistance at $160. This price point serves as the neckline of a double-bottom reversal pattern observed over the past month on trading charts. A breakthrough this resistance could set the stage for a rapid climb, with a[Read more…]
24
May
May
The Rise of Algorand’s Provocative Advertisement The foundation behind layer-1 blockchain Algorand has attracted mixed feelings over a new ad that takes a big swipe at rival networks Bitcoin, Ethereum, and Solana — suggesting they are not suitable for payments. The Advertisement On May 23, the Algorand Foundation released a new advertisement on YouTube titled[Read more…]
24
May
May
BlastUP Presale Near $7 Million, Investors Hurry to Buy $BLP Before May Ends The ongoing BlastUP presale is close to completion, as it has already passed the important threshold: nearly $7 million have been raised so far. More than 15,000 savvy investors have already bought BlastUP tokens before their value skyrockets. The presale runs until[Read more…]
24
May
May
The Turbo Price Surge The Turbo price surged over 24% in the last 24 hours to trade at $0.001936 as of 7:55 a.m. EST as investors rush to buy the Ethereum AI meme coin. The pump in the TURBO price comes amid an increase in the collective value of Ethereum tokens as the market awaits[Read more…]
23
May
May
The Anticipation of ETH ETF Approval The community eagerly awaits the approval of the Ethereum (ETH) ETF, sparking discussions on potential altcoin ETF listings. Solana (SOL) and Ripple’s XRP as Contenders Analysts speculate that Solana (SOL) and Ripple’s XRP are prime candidates for ETF listings. Price Projections for XRP and SOL upon ETF Confirmation What[Read more…]
