Institutional Preference for Solana Digital assets manager CoinShares has revealed that Solana (SOL), a prominent rival of Ethereum (ETH), is currently a top choice among institutional investors. This trend has emerged in the midst of fervent anticipation surrounding the launch of a Bitcoin (BTC) exchange-traded fund (ETF) in the crypto market. In CoinShares’ latest report[Read more…]
Author Archives: SOLANA NEWS REPORT
Bitcoin’s Potential for Explosive Rally Analyst Pentoshi, renowned for accurately predicting Bitcoin’s 2021 bull market peak, believes that the cryptocurrency giant is gearing up for a significant surge. Despite Bitcoin’s gradual ascent, Pentoshi suggests that this slow upward movement often precedes substantial market shifts. “This slow grind up on BTC reminds me of the ones[Read more…]
Overview The Solana (SOL) price experienced a significant surge of 4.23% within the last 24 hours, reaching a current trading value of $29.71. Over the past eight Intraday Sessions, SOL crypto has demonstrated remarkable growth, soaring by more than 36%. This bullish momentum was fueled by a rebound from the 200-day Exponential Moving Average (EMA),[Read more…]
The Cryptocurrency Market This Week The cryptocurrency market is known for its constant shifts and developments, impacting token prices every week. This week, expert crypto investor TheDeFiInvestor suggests paying close attention to six specific cryptocurrencies: Solana, Polkadot, Fantom, dYdX, Bitcoin-related coins, and Secret Network. Major Events Driving Potential Price Action TheDeFiInvestor has provided a watchlist[Read more…]
Crypto Investment Products Attract $66 Million Inflows Crypto investment products have seen a total of $66 million inflows in the fourth consecutive week, as expectations of approval from the US Securities and Exchange Commission (SEC) for a spot Bitcoin ETF rise. With this latest influx, the total fund amount in crypto investment products has reached[Read more…]
Current Market Analysis As of October 2023, Solana (SOL) is trading at $30.81, marking a significant 39.11% increase in the past seven days. The current market cap stands at $12,833,161,968. This surge is a continuation of the cryptocurrency’s volatile yet generally upward trajectory throughout the year. A detailed analysis of the monthly price changes from[Read more…]
Solana’s Remarkable Bullish Momentum After weathering significant selling pressure during the bear market, Solana, a popular layer-one blockchain project, has started to exhibit substantial bullish momentum, making it the best-performing cryptocurrency among the top 40 coins by market capitalization this week. On Sunday, October 15th, it was priced at $21.9, and it has since seen[Read more…]
Solana (SOL) Price Analysis: Unlocking Potential with Technical Patterns Solana (SOL), the native cryptocurrency asset of its eponymous blockchain, is on the brink of testing a major pattern that could pave the way for a significant rally, according to a seasoned macro investor. This optimistic outlook aligns with the growing sentiment surrounding Solana (SOL). Currently,[Read more…]
About Jupiter Jupiter is the primary liquidity aggregator for the Solana blockchain, offering an extensive range of tokens and discovering the optimal route between any token pair. It provides a user-friendly experience for individuals and powerful tools for developers, enabling easy access to top-tier exchanges in applications, interfaces, or on-chain programs. How Does Jupiter Work?[Read more…]
Solana (SOL) Price Analysis: Unlocking Potential with Technical Patterns Solana (SOL), the native cryptocurrency asset of its eponymous blockchain, is on the brink of testing a major pattern that could pave the way for a significant rally, according to a seasoned macro investor. This optimistic outlook aligns with the growing sentiment surrounding Solana (SOL). Currently,[Read more…]