Author Archives: SOLANA NEWS REPORT

Solana Price Update and Market Analysis The Solana price has experienced a 1.5% gain in the past hour, while remaining steady with a 0% change in the last 24 hours. Currently valued at $60.70, SOL has surged by 5% in the past week and an impressive 65% in the last 30 days, securing its position[Read more…]

Decentralization Dynamics in Cryptocurrency Decentralization is fundamental to the cryptocurrency landscape, and Solana’s dynamic interplay showcases both decentralized and centralized characteristics. This article explores the challenges Solana faces in maintaining decentralization and introduces Bitcoin Spark (BTCS) as a potential solution to address these concerns. Will Solana Sustain its Upward Trajectory? Solana has achieved significant milestones,[Read more…]

Altcoin Sherpa’s Analysis Pseudonymous analyst Altcoin Sherpa, with a substantial following of 198,900 on the social media platform X, anticipates that SOL, LINK, and AVAX might experience a temporary setback before resuming an upward trend. According to Altcoin Sherpa, these three coins are expected to decline to their respective 0.382 Fibonacci levels, where they could[Read more…]

Crypto Market Update: Solana and XRP Price Analysis The cryptocurrency markets are experiencing a surge with Bitcoin prices exceeding $38,000 and Ethereum prices surpassing $2,000. Most altcoins are gaining bullish momentum due to increasing buying pressure. Notably, Solana (SOL) and XRP have seen significant movements, with SOL aiming for a three-digit figure while concerns arise[Read more…]

Solana’s Persistent Rally Since the beginning of the year, Solana‘s SOL has surged over 500%, making it a 5x gainer and continues to be closely monitored. Technical analysis suggests buyers are preparing for their next move as analysts believe the correction in the altcoin has ended. So, what’s next for SOL? Here are the key[Read more…]

Bonk (BONK) Officially Listed on KuCoin Bonk (BONK), the pioneering dog-themed coin on the Solana network, proudly announces its official listing on KuCoin, the sixth-largest crypto exchange according to CoinMarketCap. The meme coin’s trading pair, BONK/USDT, is open for deposits via the SOL network, with live trading in full swing as of press time. KuCoin[Read more…]

Solana Price Correction Although the Solana price moves sideways, analysts are bullish about SOL hitting three digits by the next year of 2024. Ethereum Layer-1 competitor Solana has been on a downward trajectory ever since hitting its 2023 high of $68.21 earlier this month in November. The Solana price has corrected a further 5% over[Read more…]

The Impact of a Bitcoin ETF on Cryptocurrency Market The cryptocurrency market is currently at a pivotal juncture, with the potential approval of a Bitcoin ETF poised to significantly influence the landscape. According to recent reports, the Bitcoin market cap has already swelled by 40% since October. The anticipation of a regulated spot Bitcoin ETF[Read more…]

Jito’s JTO Token Airdrop Empowers Solana DeFi Governance The Solana-based DeFi platform Jito has taken a significant step in decentralized governance by introducing its new governance token, JTO. Announced on Monday, this initiative marks a crucial phase in Jito’s development, focusing on empowering its user base with decision-making capabilities. This move aligns with the growing[Read more…]

Crypto Data Tracker Detects Significant Whale Transfers for Solana (SOL) The seventh largest cryptocurrency by market cap, Solana (SOL), has recently experienced major whale activity, as reported by crypto data tracker Whale Alert. In the last 24 hours, over 2.1 million Solana coins were moved in three notable transactions: Whale Alert Tweeted about the second[Read more…]