Category Archives: Solana News

Solana Ecosystem’s Memecoin Frenzy The excitement around memecoins within the Solana ecosystem continues to intensify. Recently, a trader made a substantial investment of $226,000 in a token featuring a dog with a beanie as its mascot. The decision proved lucrative, as the investment quickly soared above $1.6 million, creating ripples in the crypto communities. Memecoin[Read more…]

Solana-based meme coins have been surging recently This impressive feat comes as the Solana network experiences a renewed surge of interest, particularly in meme coins affiliated with the blockchain. On December 8, Bonk (BONK), another dog-themed meme coin, claimed the position of the third-largest meme coin by market capitalization. This elevation placed it alongside the[Read more…]

Exploring the Surge in Solana Inscriptions In the last three days, Solana has experienced a remarkable surge in inscriptions, surpassing the total count of all inscriptions created prior to this period. Solana Inscriptions Cross One Million Mark Solana (SOL), a prominent smart contracts blockchain, has not been immune to this surge. According to Flipside’s statistics[Read more…]

Solana Price Prediction: The Dynamic Support from the Wedge Pattern The dynamic support from the wedge pattern continues to bolster the SOL price recovery. Is it time to enter this dip? Current Status of Solana Price Amid Market Correction Amid the current correction phase in the crypto market, the Solana coin price is experiencing supply[Read more…]

The Innovations of Solana Blockchain Solana is a fast and decentralized blockchain that competes with Ethereum, particularly after Ethereum’s transition to Proof-of-Stake. Solana distinguishes itself with several novel approaches, including the Proof-of-History mechanism, setting it apart in the realm of Layer 1 blockchains. The Native Coin: SOL The native coin of Solana is SOL, utilized[Read more…]

Circle Boosts Around-the-Clock Forex with EURC on Solana Circle, a stablecoin issuer, has taken a significant step in enhancing foreign exchange transactions and remittances by deploying its euro-backed stablecoin, EURC, on the Solana blockchain. The move is aimed at leveraging the Solana network’s characteristics, known for its cost-effective and rapid transactions, along with support for[Read more…]

Solana Price Movement The Solana price has experienced a 6% decrease in the last 24 hours, reaching $68.30, amidst a general 2% decline in the overall cryptocurrency market. Despite this recent loss, SOL has shown resilience, posting a 6% gain in the past two weeks and a notable 20.5% increase in the last 30 days.[Read more…]

Solana Surpasses Ethereum in Key Metric Solana (SOL) has recently exceeded Ethereum (ETH) for the first time in a significant metric, underscoring positive trends in the network and its associated token. Revenue and Weekly Change The popular altcoin Solana achieved over $1.5 billion in revenue, surpassing Ethereum’s approximately $1.1 billion. Solana also exhibited a positive[Read more…]

In Brief A trader made an unrealized profit of nearly $1.5M by trading the Solana meme coin, Dogwifhat, despite its extreme volatility. The trader’s portfolio, mostly comprising volatile meme coins, dropped to around $1.1M but the trader continues to hold the assets. Another trader realized a profit of over $1M trading Helium Mobile, as the[Read more…]

Bitcoin’s Rollercoaster Ride Bitcoin, the leading cryptocurrency, is currently playing a risky game around the $41,000 mark. Recent fluctuations have seen about $40 million blown in BTC bets. Despite a week-on-week loss exceeding 6%, Bitcoin has shown a solid yearly growth of 145%. The last six months witnessed a significant spike, fueled by excitement over[Read more…]