Category Archives: Solana News

Downward Trend in the Crypto Market During the recent downturn in the cryptocurrency market, numerous high market cap cryptocurrencies have encountered substantial value losses. One such cryptocurrency is Solana (SOL), which has witnessed a decline of over 5% within the past week, leading it to plummet to the crucial support level of $20. Current State[Read more…]

Solana NFT Volume Surges Recent data reveals a significant surge in Solana NFT sales volume over the past 24 hours. Compared to Ethereum’s 3.4% increase, Solana experienced a remarkable nearly 20% surge in sales volume during this period, according to Step Data Insights. Delving deeper into the volume data on Crypto Slam, the surge becomes[Read more…]

Leveraging On-Chain Focus: Solana’s Advancements In recent times, the crypto industry’s spotlight has shifted towards the on-chain network, a mechanism that oversees the entire transaction lifecycle while harnessing the power of the public ledger. This system ensures swift transaction verification and validation through the Proof-of-Work consensus, providing miners with rewarding incentives. Solana’s On-Chain Venture With[Read more…]

Solana Coin: Navigating Trends and Recovery Solana (SOL), a prominent player in the cryptocurrency world, has experienced a recent decline in momentum, causing it to dip below the critical support level of $22.4. This decline coincided with the consolidation of the upward order block (OB) within the past 48 hours. This shift came about as[Read more…]

Critical Support for Solana The level of $19.80 holds significant importance for Solana (SOL) price action. Robust buying activity at this level has previously facilitated the recovery of SOL’s price following a decline. Upside Potential If SOL manages to maintain its position above the aforementioned support at $19.80, it has the potential to ascend towards[Read more…]

Solana and Shopify Integration: Empowering Digital Asset Payments A recent report from Techcrunch has highlighted a significant development in the world of e-commerce. The partnership between Solana and Shopify, one of the largest global marketplaces, is set to revolutionize the way businesses and customers engage with digital assets for their transactions. Entering the Mainstream: Solana’s[Read more…]

In Focus: Pomerdoge (POMD) In the dynamic world of cryptocurrency, traders are directing their attention towards Pomerdoge (POMD), Solana (SOL), and Arbitrum (ARB) as anticipation of a potential market rally builds. Pomerdoge is currently in its presale phase, offering early investors a strategic opportunity to get involved before its full launch. Let’s delve into the[Read more…]

Solana Pay’s Shopify Integration: Boosting Confidence in SOL Solana Pay’s recent integration with Shopify has the potential to revolutionize payment processing for merchants and entrepreneurs, leveraging WEB3 payments. However, the reaction of SOL’s price action to this news has been mixed. Solana Pay’s Integration with Shopify Solana Pay has taken a significant step forward by[Read more…]

Solana’s Recovery and Integration with Shopify Solana (SOL) is a cryptocurrency that powers the high-performance Solana protocol, a layer-1 smart-contract-enabled blockchain known for its fast transaction speeds and high throughput. On Wednesday, SOL showed a recovery in line with the broader market. SOL’s price saw an increase of approximately 3.5% and was trading in the[Read more…]

SOL’s Potential Trajectory in 2023 On August 23, Benjamin Cowen shared his perspective, suggesting that Solana’s price movement could resemble Cardano’s trajectory in the previous crypto cycle. By examining the weekly charts of both assets, it becomes apparent that Solana’s price pattern closely mirrors Cardano’s movement during most of 2019. Remarkably, these periods of ranging[Read more…]