Author Archives: SOLANA NEWS REPORT

Introduction Solana’s SOL token recently reached a 20-month high, surging by 15% to over $88. This propelled it to become the fifth-largest cryptocurrency, surpassing Ripple’s XRP and boasting a market capitalization exceeding $37 billion. Summary (TL;DR) Solana’s SOL token has experienced a remarkable surge, reaching a 20-month high and becoming the fifth-largest cryptocurrency. This surge[Read more…]

Current BONK Price Rally and Solana Support Amid the current chart patterns, analysts are expecting another 100% BONK price rally from the current levels. After facing some retracement earlier this week, the Solana-based memecoin BONK is extending its price rally further. As of press time, the BONK price is up by 7%, trading at $0.00001956[Read more…]

Trezor Expands Token Support Trezor, a leading manufacturer of web3 hardware wallets, has recently expanded its support to include two new tokens: Solana (SOL) and Solana Program Library (SPL) tokens. Compatible Wallet Models The company has announced that both the Trezor Model T and Safe 3 hardware wallets now support SOL and SPL tokens. The[Read more…]

SuilendProtocol Integration with Sui SuilendProtocol, also known as SolendProtocol on Solana, has achieved a significant milestone by integrating with the Sui blockchain. This marks a pivotal moment for Solend, the largest lending and borrowing protocol on Solana, as it expands its services beyond its native platform for the first time. The expansion reflects the company’s[Read more…]

Introduction The Solana (SOL) cryptocurrency is currently experiencing a surge in price, trading above key moving averages. This article provides a comprehensive analysis of the recent price movements and technical indicators, shedding light on potential future scenarios. Price Movement Analysis Solana’s price has gained momentum, breaking above the 20, 50, 100, and 200-day Exponential Moving[Read more…]

Solana’s Q4 User Activity Surge Solana has experienced a remarkable surge in user activity since October, with a staggering 400% growth in Q4. Notably, its DeFi and NFT sectors have also witnessed substantial growth in recent months. Daily User Activity Comparison Daily user activity on Solana (SOL) has seen a significant rise of nearly 400%,[Read more…]

The Rise of Meme Coins in Cryptocurrency The cryptocurrency market continues to surprise with sudden surges in under-the-radar coins. Recently, a trader made an astounding $1.6 million by investing early in a Solana-based meme coin. Now, all eyes are on Sponge V2 as the next potential breakout token. Meme Coin Mania: A Millionaire in Days[Read more…]

Solana-based meme coins have been surging recently This impressive feat comes as the Solana network experiences a renewed surge of interest, particularly in meme coins affiliated with the blockchain. On December 8, Bonk (BONK), another dog-themed meme coin, claimed the position of the third-largest meme coin by market capitalization. This elevation placed it alongside the[Read more…]

Solana Ecosystem’s Memecoin Frenzy The excitement around memecoins within the Solana ecosystem continues to intensify. Recently, a trader made a substantial investment of $226,000 in a token featuring a dog with a beanie as its mascot. The decision proved lucrative, as the investment quickly soared above $1.6 million, creating ripples in the crypto communities. Memecoin[Read more…]

Solana Price Prediction: The Dynamic Support from the Wedge Pattern The dynamic support from the wedge pattern continues to bolster the SOL price recovery. Is it time to enter this dip? Current Status of Solana Price Amid Market Correction Amid the current correction phase in the crypto market, the Solana coin price is experiencing supply[Read more…]