Author Archives: SOLANA NEWS REPORT

Introduction In a significant turn of events, Solana (SOL) has emerged as a formidable player in the cryptocurrency market, surpassing both Dogecoin (DOGE) and Cardano (ADA) in terms of market capitalization. This development highlights the rapid growth and adoption of SOL, showcasing its potential to compete with established cryptocurrencies. In this article, we will delve[Read more…]

Solana’s Recent Market Performance Solana’s impressive rally encountered resistance near the $25 mark, where substantial sell limit orders were observed, including levels at $25, $28, and $30. Despite this hurdle, Solana (SOL) managed to achieve a remarkable 20% gain since its recovery began on September 28. However, the rally faced challenges at the daily bearish[Read more…]

Understanding Solana’s Recent Volatility Solana, a cryptocurrency that has been experiencing significant volatility, has been closely monitored by analysts in recent months. Rekt Capital, a renowned cryptocurrency analyst, observed that Solana’s price has been range-bound, fluctuating between the support level of $17 and the resistance level of $24. Earlier this month, Solana hit a low[Read more…]

Are Solana Validators Heavily Subsidized? A user on X, arixon.eth, alleges that over 90% of Solana validators are subsidized heavily by the Solana Foundation and Alameda Research, the defunct trading wing associated with the bankrupt cryptocurrency exchange FTX. In a post on October 4, the analyst said the level of subsidy is “shocking” but will[Read more…]

Solana’s Liquidity Staking Protocols: A Growing Trend Solana, a name synonymous with rapid growth and development in the crypto realm, has once again demonstrated its prowess. This time, the spotlight is on its burgeoning liquidity staking protocols, which have shown remarkable progress in recent weeks. Jito: Setting New Benchmarks Leading the charge is Jito, whose[Read more…]

The Cost-Saving Feature on Solana The cost-saving feature on Solana is the reason behind the spike in the number of NFTs minted on Solana. Bubblegum is used for weighing down the cost of interacting with NFTs on Solana. Solana Blockchain: A Hub for 3 Million Weekly NFTs Solana blockchain shows 3 Million NFTs minted weekly.[Read more…]

Breaking News: Solana Foundation’s Multi-Client Network The Solana Foundation recently revealed a significant milestone, stating that more than 31% of the network’s stake is now being processed through the Jito Labs client. This statistic showcases the network’s expansion across multiple clients, marking a substantial leap forward in its development. The foundation’s commitment to promoting Solana’s[Read more…]

The Rise of Solana (SOL) and Bitcoin Spark (BTCS) in the Cryptocurrency Market The cryptocurrency market is dynamic and fast-paced, with old projects exiting and new ones emerging as potential powerhouses for the upcoming bull market. Among the promising projects are Solana (SOL) and Bitcoin Spark (BTCS), two projects that have gained significant traction and[Read more…]

1. Solana Emerges as the Most-Loved Altcoin Institutions are showing significant interest in Solana, as revealed by CoinShares’ recent crypto fund report, even amidst a relatively flat market in the crypto space. According to James Butterfill, head of research for CoinShares, there was minimal activity in the altcoin space, with one exception: Solana. Solana has[Read more…]

Solana’s Bullish Consolidation Solana, a prominent altcoin in the crypto market, has been trading within a decisive symmetric triangle formation. This pattern suggests a possible bullish consolidation or an upward breakout, indicating a positive trend for the cryptocurrency. Chainlink’s Potential Rally Chainlink, on the other hand, has been consolidating for over a year and is[Read more…]