Author Archives: SOLANA NEWS REPORT

Solana’s Impressive Rally: Unraveling the Factors Behind the 20% Surge Solana, the blockchain network, witnessed a remarkable surge of approximately 20% in the final days of September and the early days of October. This sudden upswing has captivated the attention of investors and enthusiasts, sparking intense discussions regarding the underlying reasons. One pressing query among[Read more…]

Solana’s Privacy-Enhancing Update Solana (SOL), a layer 1 proof-of-stake blockchain, has recently introduced version 1.16, aimed at enhancing user privacy through “Confidential Transfers.” This significant update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten[Read more…]

Solana’s Resilience and Achievements in 2023 The Solana network has shown remarkable resilience and progress in 2023, overcoming challenges and achieving significant milestones. 1. Solana’s Technical Advancements and Partnerships Solana utilized the bear market to enhance its underlying technology and establish crucial partnerships with key players in the traditional finance ecosystem. Despite the native token’s[Read more…]

Understanding Solana’s 20% Price Increase The crypto community recently witnessed a dramatic recovery of Solana’s SOL, experiencing a notable 20% rise. This surge was not merely a result of Bitcoin’s movements but is deeply rooted in Solana’s own achievements and challenges. Factors Driving Solana’s Rally Solana’s Position in the Crypto Landscape Solana’s active DApp users[Read more…]

1. Solana’s Recent Price Movement Solana’s SOL token experienced a notable recovery, witnessing a 20% gain between Sept. 28 and Oct. 6, reaching $23. The crypto community is curious whether this surge is a response to Bitcoin’s movement or if other factors are at play. 2. Impact of FTX Bankruptcy and Recovery Prior to the[Read more…]

New Found Support Hints 8% Jump Rising above the $22 resistance mark on October 1st, Solana (SOL) showcased a promising leap in its ongoing recovery trajectory. This surge not only surpassed a significant peak from the previous corrective phase but also hinted at a potential shift in market dynamics. Current Recovery Trend in SOL The[Read more…]

Introduction Solana, the Layer 1 proof-of-stake blockchain, has recently rolled out its v1.16 update, introducing a groundbreaking feature called “Confidential Transfers.” This update enhances user privacy through encrypted SPL token transactions, marking a significant leap in Solana’s capabilities. Confidential Transfers: Enhancing Privacy Confidential Transfers, introduced by Token2022, allows users to conduct blockchain transactions without revealing[Read more…]

Grayscale’s Q3 Updates: Solana Surpasses Cardano In Grayscale’s Q3 updates, a significant shift has occurred in the blockchain landscape. Solana (SOL) has successfully surpassed Cardano (ADA) to become the leading asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. The question arises: Which one is better, Solana or Cardano? Solana’s Impressive Performance Currently valued at $23,[Read more…]

Short-Term Surge: Solana’s Encouraging Trajectory In the immediate landscape, Solana (SOL) emerges from its falling trend, signaling a potential change in momentum. The notable rise post the inverse head and shoulders formation breakthrough at 20.19 has been a testament to its resilience. While the 22.83 objective is realized, the trajectory suggests further potential. The imminent[Read more…]

Introduction For the past two years, Ethereum (ETH) has consistently outperformed Solana (SOL) in the weekly chart. However, a technical analyst named “CryptoGodJohn” on X believes this trend is about to change. The analyst points to the SOLETH chart’s candlestick arrangement on the weekly chart, indicating a potential shift in favor of SOL. Is It[Read more…]