Solana Price Analysis Solana (SOL) has experienced significant price fluctuations in recent times. While it has witnessed a positive trend overall, with a price surge of over 100% since the beginning of Q1, there has been a recent decline of approximately 14% within the last 30 days. Despite the bearish trend observed over the weekend,[Read more…]
Category Archives: Solana News
19
May
May
Solana Bulls Cling to $20 Support Amidst Lack of Demand Solana [SOL] has experienced increased network usage as transaction fees on Ethereum [ETH] and Bitcoin [BTC] rose. However, despite the surge in users, other metrics such as Total Value Locked (TVL) have been on a downtrend, and prices have followed suit. Resistance Levels and Bearish[Read more…]
18
May
May
Solana: The Rise of a Blockchain Network Amidst High Transaction Fees Solana experienced a surge in new users as the escalating transaction fees on Ethereum (ETH) and Bitcoin (BTC) pushed individuals to seek alternatives on the Layer 1 (L1) network, according to data from The Block. Rising Transaction Fees on Ethereum and Bitcoin The Ethereum[Read more…]
16
May
May
Solana’s NFT Ecosystem Witnesses Massive Growth Solana’s [SOL] NFT ecosystem witnessed massive growth over the last seven days, as suggested by the latest data. According to CRYPTOSLAM, the number of buyers and sellers of Solana NFTs increased by more than 100% last week. Not only that, but the number of total transactions also increased slightly.[Read more…]
15
May
May
Polygon’s Progress in the Gaming Sector In the crypto space, there has been a constant race between various protocols in terms of activity. With Tron (TRX), Binance Coin (BNB), and Arbitrum (ARB) attracting large amounts of activity on their networks, it becomes difficult for protocols such as Polygon (MATIC) to compete. However, Polygon’s progress in[Read more…]
14
May
May
Introduction Despite all the turbulence Solana (SOL) witnessed over the past six months, it remains a top-10 asset by market cap in the crypto sphere. This speaks volumes of investors’ and holders’ trust in Solana, dubbed the “Ethereum killer” by some of its more ardent users. Price Performance and Trends This was reflected well on[Read more…]
13
May
May
Solana Buyers Hold Strong at $20 Support Despite Persistent Bearish Trend Solana bulls managed to force a bullish market structure break on 5 May when they succeeded in breaking the previous lower high at $22.4. After this, the sentiment across the crypto market became bearish. It came after Bitcoin [BTC] faced rejection at $29.6k, and[Read more…]
12
May
May
Can Solana’s DEXes Propel it into the Major Leagues? Fresh Insights Indicate… According to data published on 13 May, it was observed that the overall DEX volumes on the Solana [SOL] network increased substantially over the last week. Solana Makes a Mark The growth of Solana’s DEX volumes surpassed that of its competitors such as[Read more…]
12
May
May
Solana’s Potential Comeback: Analyzing Network Activity Solana [SOL] has experienced significant challenges in the past, including frequent downtimes and the migration of prominent NFTs to other protocols. These obstacles posed a formidable challenge for the protocol. Will Solana Make a Comeback? Despite these setbacks, there has been a notable increase in activity on the Solana[Read more…]
10
May
May
Basketball Icon Shaquille O’Neal Faces Lawsuits in Crypto and NFT Sphere Basketball icon Shaquille O’Neal was delivered legal papers for two separate lawsuits in the broader crypto and NFT realm on Tuesday—and was served while broadcasting an NBA game at what once was Miami’s FTX Arena. Lawsuit Involving FTX Promotion and Celebrity Endorsements One of[Read more…]
