Author Archives: SOLANA NEWS REPORT

Solana co-founder call for cooperation in crypto regulation Anatoly Yakovenko, co-founder of Solana Labs, has emphasized the critical need for convenient and comprehensive cryptocurrency regulations in the United States. In a recent statement, Yakovenko outlined the urgency of such regulations to maintain America’s leadership in the blockchain and Web3 sectors. He called for the government’s[Read more…]

Solana: A Top Altcoin Pick by Raoul Pal Solana (SOL) has captured the attention of former Goldman Sachs executive Raoul Pal, who recently declared it one of his standout altcoin choices and a potential contender to Ethereum’s dominance. Solana’s Unique Strengths In a new interview, Pal highlighted Solana’s unique strengths, emphasizing its unrivaled speed and[Read more…]

Former Goldman Sachs Executive’s Take on Solana Former Goldman Sachs executive Raoul Pal has identified Solana (SOL) as one of his top altcoin picks, suggesting that it could be one of the most promising projects outside of Ethereum (ETH). Thought Leadership in Solana Ecosystem In a recent interview with Altcoin Daily, the founder of Real[Read more…]

Outflows Dominate the Market The report reveals that investors’ confidence has been waning, with outflows occurring over eight of the past nine weeks, totaling over $450 million in lost investments. In the most recent week analyzed, digital assets experienced outflows amounting to $54 million, marking the fifth consecutive week of negative trends. According to CoinShares:[Read more…]

Key Points: Solana (SOL) experienced a robust 5% price surge in the past 24 hours, with a 7-day increase of 13.37%, indicating growing buyer interest and liquidity. Despite a $3.4 billion crypto liquidation approval from the FTX exchange court case, Solana remains resilient, showing a strong recovery. The coin’s price currently stands at $20, supported[Read more…]

Solana’s leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana’s user-friendly, cost-effective blockchain and the ever-popular world of NFTs. The Significance of Solana’s NFT Marketplace Why is this a big[Read more…]

The Altcoin Market’s Road to Recovery The altcoin sector has been showing signs of recovery over the past week, following Bitcoin’s price breaking through the significant $26,500 threshold due to increased buying interest. At present, investor focus seems to be shifting towards altcoins, as numerous tokens—including key metaverse coins—have experienced a price uptick this week.[Read more…]

Solana’s state compression serves as the foundation for cNFTs, a revolutionary development in the world of digital collectibles. While hosting NFTs off-chain may offer certain advantages, it also presents some significant challenges. Introducing Solana’s cNFTs As a more cost-effective and scalable approach to owning digital collectibles, Magic Eden, a leading NFT marketplace, is excited to[Read more…]

Ethereum killers are projects that offer alternative blockchain networks with improved features and more advanced technology than Ethereum. These projects became famous in the last bull market and made headlines among the top-performing altcoins in the DeFi ecosphere. One platform that stood out from the rest at the time was Solana. It is popularly known[Read more…]

Solana’s Price Increase Solana’s price has seen a slight 0.59% increase over the past 24 hours to $19.16 according to the provided market data. While not a major surge, this move upwards continues the cryptocurrency’s stabilization over the past month. After falling over 18% in the previous 30 days, Solana seems to be finding its[Read more…]