Author Archives: SOLANA NEWS REPORT

Introduction In a surprising turn of events, Solana (SOL) has overtaken Binance Coin (BNB) to secure the fourth position in the cryptocurrency market by market capitalization, as reported by AMBCrypto. This comes on the heels of SOL surpassing XRP just a day earlier, highlighting the dynamic nature of the crypto market. Market Capitalization Battle As[Read more…]

Solana Labs Apologizes for Overselling Saga Phones Solana Labs issued an apology for overselling its Saga smartphone, which experienced a surge in demand due to the attractive incentives that surpassed the phone’s intrinsic value. It has been a tumultuous week for the Solana Saga smartphone, winning the dubious distinction of the “worst phone of the[Read more…]

Paxos Secures NY Regulatory Nod for Solana Launch Paxos, a leading stablecoin issuer, has recently obtained regulatory approval from the New York Department of Financial Services (DFS) to extend its operations to the Solana blockchain. This move marks a significant milestone for Paxos, which until now was only authorized to issue its Pax Dollar (USDP)[Read more…]

The Current State of Solana Despite some skepticism from whales, the prevailing sentiment remains optimistic. Solana saw a massive surge in its price over the last 24 hours. Whales got skeptical around this rally; however, sentiment remained high. Solana (SOL) has been one of the altcoins that has benefitted the most from the bullish sentiment[Read more…]

Solana’s Short-Term Volatility and Uptrend Solana has pools of liquidity to the south and could see short-term volatility to sweep these areas. Solana maintained its uptrend on the 12-hour and daily price charts. Certain Fib extension levels could stall the bulls for a while, or even force a reversal. Solana [SOL] broke out of a[Read more…]

The Fall of FTX and Solana’s Resilience In 2022, the cryptocurrency realm faced a significant setback with the collapse of FTX, triggering industry-wide repercussions. This adversity posed challenges for Solana, one of its standout blockchains, disrupting its course. Known for its innovation and tech strength, Solana had received praise, especially from important figures like the[Read more…]

Beyond BONK: Claim Multiple Token Airdrops with Your Solana Saga The Solana Saga smartphone has become a hot topic for owners as they can now claim various token airdrops and other perks, with more exciting opportunities on the horizon. The rising price of the leading Solana meme coin, BONK, significantly boosted the value of a[Read more…]

Solana Price Prediction: SOL On The Move Towards $100 The crypto market is witnessing a potential retracement, but Solana (SOL) is charting a distinct technical path that could drive the token to $100 before the arrival of Christmas or the New Year. The competitive smart contracts token, valued at $37 billion in market capitalization, currently[Read more…]

Solana’s Ascendance to $100 Solana (SOL) is currently experiencing a significant surge, with indications suggesting its determination to reach $100. This feasible milestone is supported by several bullish narratives within the Solana ecosystem, propelling it to become the fifth-largest cryptocurrency by market cap, surpassing XRP. Solana DeFi 2.0 Momentum On December 16, the official X[Read more…]

Solana’s Remarkable Performance Solana’s volume and social metrics soared while its price surged over the last three months. Solana witnessed high liquidations on several occasions during its bull rally. SOL was up by more than 8% in the last 24 hours, but a few metrics looked bearish. Solana [SOL] has displayed incredible performance of late[Read more…]