Author Archives: SOLANA NEWS REPORT

Renowned Cryptocurrency Analyst Predicts Mini Altcoin Season Renowned cryptocurrency analyst Altcoin Sherpa suggests that the ongoing period, marked by substantial gains in various altcoins, can be identified as a mini altcoin season. The analyst anticipates Solana (SOL) and Chainlink (LINK) to continue their bullish runs, with SOL expected to witness a 30% increase and LINK[Read more…]

Solana’s Price Surge: Insights from Santiment Reports from the renowned analytics firm Santiment suggest that the recent surge in SOL’s price can be attributed to the market’s recognition of the token’s independence from strong correlations with Bitcoin (BTC) or Ethereum (ETH). Consequently, discussions surrounding Solana, as reflected in social dominance, continue to reach unprecedented levels.[Read more…]

Why is Solana Price Up? Solana’s recent price surge can be attributed to several key factors. Firstly, the aftermath of the FTX Group’s bankruptcy has had an unexpectedly positive impact on SOL’s value. Despite initial fears of a market downturn due to FTX’s significant holdings in SOL, the market has responded positively. The controlled liquidation[Read more…]

Solana’s 40% Price Surge The price of Solana (SOL) has experienced a remarkable 40% surge this week, reaching a new 2023 high at around $58, making it the best weekly performance since January 2023. FTX-Dump Fears Fail to Shake Solana Bulls Solana’s rise coincides with the daily selling of 250,000-750,000 SOL tokens by the FTX[Read more…]

Solana’s Remarkable Performance Solana is distinguishing itself in the crypto market, with a remarkable 50% monthly gain and an extraordinary 450% year-to-date increase, contributing to the overall surge in optimism. This trend is further amplified by Bitcoin’s ascent beyond $37,000 and its ambitious aim to reach $40,000 by year-end. Solana’s standout performance adds a notable[Read more…]

Solana’s Rise on November 10, 2023 Solana’s native token, SOL, experienced a remarkable 22% surge on Nov. 10, surpassing $54 for the first time since May 2022. This upward movement coincided with the sale of SOL tokens by FTX’s bankruptcy estate. Since November 2021, when SOL reached its all-time peak of $260, futures open interest[Read more…]

Solana’s Impressive Rally Solana (SOL), often regarded as Ethereum’s strongest Layer-1 competitor, continues its impressive rally, hitting $55 today, marking a 17% increase and solidifying its position as the top-performing altcoin. With a weekly gain of 35% and a surprising monthly gain exceeding 150%, SOL has made significant strides. After reaching an all-time high of[Read more…]

Solana (SOL) Update: Recent Impressive Rally Solana (SOL), a cryptocurrency that garners mixed opinions, continues to be in the spotlight due to its recent performance. After the FTX crash, Solana, favored by Sam Bankman-Fried, the CEO of the exchange, and with a substantial investment, experienced a surprising collapse, plummeting to approximately $8. However, Solana has[Read more…]

Solana’s Recent Performance Solana has experienced remarkable gains recently, with a surge of 127.90% in the last month, 29.73% in the past week, and 5.56% in the last day. According to technical analyst Jacob Canfield, Solana is positioned to be one of the top performers in the current crypto bull cycle for several key reasons.[Read more…]

The Market’s Resurgence The cryptocurrency market is witnessing a renewed surge in investor interest. Ethereum has surpassed the critical $2,000 mark, while Bitcoin is testing $38,000. Simultaneously, Solana has experienced a significant price increase, breaking the $50 resistance level after 1.5 years. This surge has sparked concerns about a potential price correction in the near[Read more…]