Category Archives: Solana News

Solana Coin: Should You Buy or Not? Solana (SOL) has exhibited robust performance in 2023, defying interest rate hikes and regulatory pressures impacting the US crypto market. As crypto investors navigate these dynamics, they are evaluating the potential of buying SOL in its current state. Solana Coin Chart Remarkably, investors have staked over 93% of[Read more…]

Jupiter Token Airdrop on Solana Blockchain Jupiter, a decentralized exchange (DEX) aggregator operating on the Solana (SOL) blockchain, has initiated initial requests for its JUP token airdrop. The airdrop aims to distribute 40% of the total supply of 10 billion JUP tokens in four phases. In the first phase, one billion Jupiter altcoins will be[Read more…]

Exploring the “New Solana Summer” Phenomenon Traders and analysts are actively discussing the recent surge in on-chain activity, marking the onset of what is being referred to as the “New Solana Summer.” Key metrics in the Solana ecosystem are experiencing a significant uptick, some even surpassing pre-FTX collapse levels. Notably, the NFTs and meme coin[Read more…]

Coinbase Integrates with Solana for Faster Transactions Cryptocurrency exchange Coinbase is set to integrate with Solana (SOL) as part of its ambitious initiative to streamline transactions on its platform, aiming for speeds “under a second and a dime,” as revealed by CEO Brian Armstrong. Armstrong elaborated on the company’s strategy, indicating the intention to integrate[Read more…]

The Current Crypto Landscape The crypto market is experiencing a surge as bullish momentum takes over, propelling tokens beyond their resistance levels. Bitcoin is approaching the critical $39,000 mark, while altcoins are consolidating within their respective ranges. Solana Price Consolidation Meanwhile, Solana’s price is heavily consolidating below a major resistance at $61.49. This situation indicates[Read more…]

Solana’s Resurgence in User Count Solana (SOL) is experiencing a remarkable resurgence in its user count, reminiscent of its pre-FTX implosion levels. This surge reflects a promising trend that foretells a wave of enthusiasm and anticipation. Shift in Growth Expectations The platform’s recent strides in total address count are notable, especially considering they’ve materialized without[Read more…]

Exploring Jupiter’s Airdrop Allocations Users can now check how much JUP token they’re entitled to claim through DeFi platform Jupiter’s upcoming airdrop. Solana-based decentralized finance (DeFi) aggregator Jupiter commenced its much-anticipated airdrop on Friday—and revealed to users how many of the 4 billion total JUP tokens up for grabs that they can expect to receive.[Read more…]

The Dynamic World of Cryptocurrencies In the dynamic world of cryptocurrencies, where market sentiments often dictate the flow, Solana has been a notable player. Its recent price movements, however, have set off a ripple effect, prompting a closer look at the implications for investors and the broader crypto ecosystem. Solana: Beyond the Surface Numbers Solana,[Read more…]

Solana (SOL) at a Tipping Point Solana (SOL) is currently at a tipping point, facing the risk of a downtrend, which is concerning for the protocol’s HODLers. As of the latest update, the coin is trading at $59.76, reflecting a 0.97% decrease in the last 24 hours. This potential downtrend is possibly linked to whale[Read more…]

Thor Hartvigsen’s Analysis Thor Hartvigsen, a DeFi researcher and Business Development professional at Redacted Cartel, shared a detailed analysis into the potential of Solana to achieve mass adoption today. Hartvigsen’s examination focuses on the technical aspects and key developments (apart from price speculation) within the SOL ecosystem that might pave the way for its widespread[Read more…]