Category Archives: Solana News

Token management platform Magna raised $15.2 million at a $70 million evaluation. The funding round was led by venture capital firms Tiger Global and Tusk Ventures, CoinDesk first reported. Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs also participated in the round, as well as individual investors like DJ Steve Aoki and co-founder and[Read more…]

Token management platform Magna raised $15.2 million at a $70 million evaluation. The funding round was led by venture capital firms Tiger Global and Tusk Ventures, CoinDesk first reported. Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs also participated in the round, as well as individual investors like DJ Steve Aoki and co-founder and[Read more…]

On Tuesday (September 13), Solana Labs Co-Founder Raj Gokal gave an interview, during which he talked about both Solana ($SOL) and its biggest rival Ethereum ($ETH). Gokal, who is the COO of Solana Labs, made his comments during an interview on  CoinDesk TV’s flagship show “First Move”. Gokal was first asked about the reason for the spike in minting[Read more…]

Amid a bearish market for cryptocurrencies, investors who once rushed to Solana (SOL) and Ethereum (ETH) have switched to a recently established presale project rapidly gaining traction. We spoke with ten leading analysts who ranked this among the best cryptocurrency investments in 2022. Discover our hidden gem by reading on. You won’t be disappointed, with[Read more…]

SOL, Solana’s native coin, has seen its value increase since the announcement of its impending merger with Helium. The developers of Helium came up with HIP 70, which aimed to relocate the entire Helium supply chain to Solana. Developers behind Helium have stated that increasing the network’s scalability, stability, and speed were the primary motivations[Read more…]

The recent sell-off in the crypto market offset the prior recovery in Solana price. The buyers currently stall this downfall at local support of $32.7, but the low volume activity in their attempts keeps the correction threat on the table. Thus, will buyers resume the bullish recovery from this support, or is further downfall on its[Read more…]

Bitcoin fell almost 10% with Ether close behind in Wednesday morning trading in Asia as the August U.S. consumer price index, a key inflation indicator, came in higher than expected overnight, driving down equity markets and pointing to more agressive interest rate increases by the Federal Reserve. All cryptocurrencies in the top 10 by market capitalization[Read more…]

The founder and CTO of Algorand both have indirectly made strong remarks about Solana in order to compete for Helium Network’s anticipated migration. Now, you might ask if this recent development coupled with Algorand’s massive social media interest helped Algorand’s price. Well, earlier this month, the Helium Network announced in a blog post, that they have proposed to[Read more…]

Solana is showing a strong surge in its NFT ecosystem in recent days. Not to forget, the overall demand for NFTs continues to falter in September despite showing glimpses of recovery. Meanwhile, Solana NFT mints hit an all-time high recently on 7 September after it reached the 300,000 mark. The network recorded just 77.79k mints at[Read more…]

Solana (SOL) develops bullish sentiments against tether (USDT), as the price of Solana (SOL) seeks to rise with an impending breakout above the current resistance. Bitcoin (BTC) gained significant strength after closing the weekly candle on a high note, with the price remaining above $21,700 for the first time in weeks. Most crypto assets, including[Read more…]