Author Archives: SOLANA NEWS REPORT

Story Highlights Solana is experiencing a robust comeback, doubling its Total Value Locked (TVL) since the beginning of 2023. Raoul Pal predicts a bullish future for Solana, foreseeing potential peaks during the next bull market. Analysts envision a future crypto market hierarchy with Bitcoin leading, followed by Ethereum, and then Solana. The Resilient Rise of[Read more…]

FTX Initiates Movement of Solana (SOL) to Binance and Kraken The FTX exchange has taken the first step in preparing for a potential sale by initiating the movement of 750,000 Solana (SOL) tokens, valued at approximately $30 million, to prominent cryptocurrency exchanges Binance and Kraken. Impact on Solana’s Price This significant move has had a[Read more…]

As the anniversary of the FTX collapse approaches, the price has dropped by 15% from a 14-month high, indicating that a recent rally might be losing momentum due to the looming sell pressure. It’s important to note that unstaking and transferring tokens to exchanges is typically the first step in the process of liquidating assets,[Read more…]

The Recent Trends in Solana (SOL) Price The cryptocurrency market experienced a period of consolidation over the weekend, with major cryptocurrencies exhibiting sideways action. Top tokens remained within a narrow price range, indicating reduced price volatility and a potential cooling-off period in the ongoing rally. The recent trial of SBF, who faced seven charges and[Read more…]

Render Network’s Strategic Move to Solana Blockchain Render Network (RNDR) is migrating to Solana, a blockchain known for its efficiency and high transaction speeds. This strategic move highlights RNDR’s dedication to technological innovation and its aim to serve its expanding community better. Solana, with its high efficiency and lightning-fast transaction rates, provides an excellent foundation[Read more…]

Buy the Dips Trader Jacob Canfield advises buying on pullbacks and dips in an uptrending market to achieve a high win rate. Time entries at support levels for optimal results. Manage Emotions Staying disciplined, scanning for trades, and avoiding over-leverage are crucial for effective execution without getting shaken out in volatile market conditions. Spot ETFs[Read more…]

Render Network (RNDR) Migrates to Solana: A Strategic Move for Scalability and Speed In the ever-changing world of blockchain and cryptocurrency, Render Network (RNDR), a leading AI cryptocurrency, is making headlines with groundbreaking announcements. With a market capitalization of $864 million, RNDR is demonstrating its commitment to both the AI and crypto communities. Render Network’s[Read more…]

Analyst Predicts Rallies for Ethereum and Solana An analyst who accurately called the 2018 floor price for Bitcoin (BTC) believes that rallies are on the horizon for Ethereum (ETH) and its competitor Solana (SOL). Examining Ethereum first, pseudonymous trader Bluntz shared insights with his 226,200 followers on the social media platform X, stating that ETH[Read more…]

Solana (SOL) Ecosystem Flourishes with Multiple Developments and Partnerships In recent weeks, Solana (SOL) has experienced significant growth in its ecosystem. Notably, Solana’s integration with Shopify on August 23, 2023, enables more than a million stores to accept crypto payments through USDC on its blockchain. Additionally, Visa’s announcement of using USDC on Solana for its[Read more…]

Introduction In the past week, the altcoin market has been striving to recover from the resistance level it reached in October, while Bitcoin attempted to surpass the $36,000 mark. Despite Bitcoin’s struggles, investors quickly capitalized on the price drops of prominent altcoins. This article analyzes the potential upswing in the values of top altcoins like[Read more…]