Author Archives: SOLANA NEWS REPORT

The Long-Term Bullish Outlook While Altcoin Sherpa expresses a long-term bullish sentiment towards SOL, he cautions that the path to reaching bull territory may encounter some turbulence. “As a network, SOL is still a good one and will probably be a solid bet for the next bull run. I’ve got a long-term bag that I’ll[Read more…]

The Rise of Solana in the Cryptocurrency Arena In the competitive world of cryptocurrency, Ethereum (ETH) has a new rival that’s catching the eye: Solana (SOL). Pseudonymous trader Altcoin Sherpa, with a social media following of 196,200, has recently shared insights on why Solana could offer exponential gains to long-term investors. According to Altcoin Sherpa,[Read more…]

Introduction As Bitcoin price stages a comeback from the $25,000 support level, altcoins are beginning to show signs of recovery. However, the release of the inflation measure, the US Consumer Price Index (CPI) scheduled for today could hinder this progress and increase market volatility. Current Market Statistics At 7:07 a.m. on Wednesday, the total crypto[Read more…]

Altcoin Sherpa’s Insights Altcoin Sherpa, an anonymous cryptocurrency analyst and trader, stated on his X account that Solana is a strong altcoin project that can perform well in the next bull market. While the analyst expects a long-term rise in SOL, he emphasized that reaching the bull zone is likely to be challenging, stating: “Solana[Read more…]

Descending Wedge Formation: A Historical Precursor Historically, such patterns have acted as precursors to substantial bullish surges upon breaking free from the upper resistance. The question that now lingers in the minds of crypto enthusiasts: Is Solana poised for a bullish turnaround, or should we brace for more market turbulence? At present, Solana is trading[Read more…]

Recognizing Network Effects and Stability Bons now acknowledges the undeniable network effects of Solana, even when considering the potential for inflated metrics. He also pointed out that the Solana network has significantly improved its stability, addressing issues he had previously criticized years ago. SOL as a Strong Layer 1 Contender Furthermore, Bons has identified Solana[Read more…]

Solfare and DLN Collaborate for an Enhanced Solana Experience In a pioneering move, Solfare, renowned for its Solana-centric wallet, has collaborated with DLN’s avant-garde cross-chain trading mechanism. This initiative ensures rapid, direct cross-chain transactions between Solana and MetaMask, offering users an enhanced experience. MetaMask Welcomes Solana’s Universe MetaMask’s vast community, which is several millions strong,[Read more…]

Why Visa Chose Solana In a deep dive into the Solana blockchain network, Visa elucidated its reasons for selecting Solana as a part of its stablecoin settlement pilot today. Visa announced last week that they are expanding their stablecoin pilot to Solana, as part of their ongoing efforts to modernize cross-border money transfers through blockchain[Read more…]

Solana’s Rising User Base SOL’s user base may witness a surge considering Solana’s strategic partnership with Visa. FTX’s Upcoming Sell-offs FTX’s upcoming sell-offs threatened to add downward pressure to SOL. Solana’s Ecosystem Developments Despite the not-so-exciting price trajectory of Solana’s native token, SOL’s ecosystem has reverberated with a flurry of positive developments lately. Amidst the[Read more…]

Solana (SOL) Price Plummet Solana (SOL) is grappling with a turbulent market, and yesterday was no exception. The digital asset took a nosedive, shedding approximately 8% of its value within a single day. This unsettling drop has been attributed to FTX’s newfound authority to liquidate a substantial amount of Solana. The catch? No one knows[Read more…]