Author Archives: SOLANA NEWS REPORT

Will FTX’s Selloff Really Impact The Crypto Market? Set for a court hearing on September 13, the bankrupt FTX exchange has submitted a motion detailing its strategy to liquidate its cryptocurrency assets into fiat currency. The aim is to settle debts with creditors. Initially filed on August 23, the motion has garnered significant attention from[Read more…]

The Recent Drop in Solana (SOL) Value Solana (SOL) has experienced a significant drop in value over the last 24 hours, plummeting by more than 6%. This decrease in price comes amid concerns that the bankrupt cryptocurrency exchange FTX might liquidate a hefty portion of its SOL holdings along with other Solana-related digital assets. FTX’s[Read more…]

Current Prices and Market Response As of the latest available data, Ethereum is currently priced at $1,623.49 USD, while Solana stands at $18.47 USD. While these figures provide only a snapshot of the overall picture, they do hint at a somewhat muted market response to what should have been positive and uplifting news. Underwhelming Price[Read more…]

Sharp Price Decline for SOL Token Just days after a promising partnership announcement with Visa, Solana’s native token, SOL, has experienced a sharp decline in price. Currently trading at $18.40, down 5.5% against Bitcoin, the main Ethereum competitor has a market cap of $7.56 billion and a 24-hour trading volume of $338 million. Visa’s Crypto[Read more…]

How much is SOL worth? As of now, Solana (SOL) is valued at $18.33, with a 24-hour trading volume of $618,897,839. SOL has seen a decrease of 5.83% in the last 24 hours. It holds the current CoinMarketCap ranking of #9, boasting a live market cap of $9,473,881,101. The circulating supply of SOL coins is[Read more…]

Protecting Your Discord: Best Practices By following these measures, users can ensure safety to a large extent. However, this isn’t the first time that Solana has become a victim of a malicious attack. Just last month, hackers siphoned off 38,500 SOL tokens and $123,184 USDC from Solana-based Cypher Protocol. It should also be noted that[Read more…]

Solana Price Overview A closer examination reveals that the price range of $18 to $19 has become a stronghold of buying interest for bullish investors. The uptick in Chaikin Money Flow (CMF) on the daily timeframe suggests that swing traders might be gearing up for a significant move in favor of Solana. Furthermore, the presence[Read more…]

Bears Dominate Higher Timeframes Bears continue to extend their dominance on the higher timeframes. However, SOL’s recent price action can see a bullish rebound occur in the coming days. Key Level of Interest for Buyers Solana’s price action stalled at a key level of interest for buyers. Open Interest rose in anticipation of a price[Read more…]

Price Decline in the Past Month Solana’s crypto price decreased by 19.78% over the past thirty days. Current Price and 24-Hour Change Solana’s crypto price is currently trading at $19.51 with a drop of 0.51% in the last 24 hours. Price Forecast and Bearish Trends The Solana price forecast showcases that the Solana crypto may[Read more…]

Visa Introduces $USDC Payment on Solana The global payments giant Visa has announced a new feature allowing its partners to settle cross-border transactions using USD Coin ($USDC), a stablecoin pegged to the US dollar. The feature leverages the Solana ($SOL) blockchain, a high-performance network that cheaply processes thousands of transactions per second. This marks a[Read more…]