Author Archives: SOLANA NEWS REPORT

Is VC Spectra (SPCT) the Best New Crypto Investment? Before delving into why VC Spectra (SPCT) might be an attractive investment, let’s first examine the latest developments with Tether (USDT) and Solana (SOL). Summary Tether (USDT) Makes a Significant Investment in Bitcoin Mining On September 21, Tether announced its recent investment in Northern Data Group[Read more…]

Solana’s Resilience Despite Falling Daily Active Addresses Solana ($SOL) recently experienced a decline in its daily active addresses, attributing it to a reduction in bot activity. Nevertheless, the strong recovery of $SOL has kept its holders unfazed. On September 1, $SOL was trading at $19.33, but as bearish pressures intensified, it dropped by 8.2% to[Read more…]

Bullish Breakout Potential If buyers manage to retake the $19.76 level, bullish breakouts could be on the horizon. This level holds key significance for SOL’s price movement. Descending Channel Pattern The SOL price has been following a descending channel pattern, marked by lower highs and lows. This pattern suggests a bearish trend that traders should[Read more…]

Introduction Solana (SOL) has been experiencing a downtrend since the end of July. The TVL of the network has also been on a decline for a while. However, this situation may not be a cause for excessive concern for investors. Developments related to Solana indicate the company’s determination to grow. QCAD has been launched on[Read more…]

Boosting DeFi Engagement through Points Programs and Collaborations Solana’s protocols employed points programs and collaborations to boost DeFi engagement. TVL Growth and DEX Volume Decline Despite TVL growth, DEX volumes dipped; Visa partnership sparked optimism. Solana [SOL] recently encountered difficulties in gaining a strong foothold in the fiercely competitive DeFi sector. To address this, the[Read more…]

David Hoffman’s Observation David Hoffman, a crypto analyst and Ethereum influencer, has identified a concerning disconnect in the Solana network. This discrepancy revolves around the number of SOL tokens issued and the fees the network manages to capture. Taking to X, the social media platform, Hoffman shared his findings, stating that Solana currently distributes approximately[Read more…]

Introduction Two popular altcoins continue to struggle to survive in the challenging conditions of bear markets. After rapidly approaching the $26,800 mark today, the price of Bitcoin fell even faster. The open positions were erased at the same speed after increasing by $600 million. So, what does the current situation indicate for altcoins? Will the[Read more…]

Solana (SOL) Shows Resilience Amid Uncertainty in 2023 Amidst the market turmoil, Solana (SOL) managed to grow in 2023, making it one of the few top altcoins that performed well. One of the pivotal moments in Solana’s journey this year was its integration with QCAD, a stablecoin pegged to the Canadian dollar. This integration allowed[Read more…]

Solana Price Prediction: Sideways Momentum The Solana price prediction showcases the sideways momentum of SOL crypto over the daily time frame chart. SOL Crypto’s Moving Averages SOL crypto is attempting to sustain at the 20-EMA to surge above the 50, 100, and 200-days daily moving averages. Solana’s Year-to-Date Performance Solana cryptocurrency has gained approximately 95.18%[Read more…]

Friendzy Takes Over Friend.tech Friend.tech is a decentralized social media platform built on blockchain technology. According to data from Dune, the platform has seen weekly volumes hovering around the $2 million mark for the past two weeks. Friend.tech, which experienced a decline in August, made a resurgence after its launch on August 11. Despite being[Read more…]