Category Archives: Solana News

Understanding Solana’s 20% Price Increase The crypto community recently witnessed a dramatic recovery of Solana’s SOL, experiencing a notable 20% rise. This surge was not merely a result of Bitcoin’s movements but is deeply rooted in Solana’s own achievements and challenges. Factors Driving Solana’s Rally Solana’s Position in the Crypto Landscape Solana’s active DApp users[Read more…]

1. Solana’s Recent Price Movement Solana’s SOL token experienced a notable recovery, witnessing a 20% gain between Sept. 28 and Oct. 6, reaching $23. The crypto community is curious whether this surge is a response to Bitcoin’s movement or if other factors are at play. 2. Impact of FTX Bankruptcy and Recovery Prior to the[Read more…]

New Found Support Hints 8% Jump Rising above the $22 resistance mark on October 1st, Solana (SOL) showcased a promising leap in its ongoing recovery trajectory. This surge not only surpassed a significant peak from the previous corrective phase but also hinted at a potential shift in market dynamics. Current Recovery Trend in SOL The[Read more…]

Introduction Solana, the Layer 1 proof-of-stake blockchain, has recently rolled out its v1.16 update, introducing a groundbreaking feature called “Confidential Transfers.” This update enhances user privacy through encrypted SPL token transactions, marking a significant leap in Solana’s capabilities. Confidential Transfers: Enhancing Privacy Confidential Transfers, introduced by Token2022, allows users to conduct blockchain transactions without revealing[Read more…]

Grayscale’s Q3 Updates: Solana Surpasses Cardano In Grayscale’s Q3 updates, a significant shift has occurred in the blockchain landscape. Solana (SOL) has successfully surpassed Cardano (ADA) to become the leading asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. The question arises: Which one is better, Solana or Cardano? Solana’s Impressive Performance Currently valued at $23,[Read more…]

Short-Term Surge: Solana’s Encouraging Trajectory In the immediate landscape, Solana (SOL) emerges from its falling trend, signaling a potential change in momentum. The notable rise post the inverse head and shoulders formation breakthrough at 20.19 has been a testament to its resilience. While the 22.83 objective is realized, the trajectory suggests further potential. The imminent[Read more…]

Introduction For the past two years, Ethereum (ETH) has consistently outperformed Solana (SOL) in the weekly chart. However, a technical analyst named “CryptoGodJohn” on X believes this trend is about to change. The analyst points to the SOLETH chart’s candlestick arrangement on the weekly chart, indicating a potential shift in favor of SOL. Is It[Read more…]

Introduction In a significant turn of events, Solana (SOL) has emerged as a formidable player in the cryptocurrency market, surpassing both Dogecoin (DOGE) and Cardano (ADA) in terms of market capitalization. This development highlights the rapid growth and adoption of SOL, showcasing its potential to compete with established cryptocurrencies. In this article, we will delve[Read more…]

Solana’s Recent Market Performance Solana’s impressive rally encountered resistance near the $25 mark, where substantial sell limit orders were observed, including levels at $25, $28, and $30. Despite this hurdle, Solana (SOL) managed to achieve a remarkable 20% gain since its recovery began on September 28. However, the rally faced challenges at the daily bearish[Read more…]

Understanding Solana’s Recent Volatility Solana, a cryptocurrency that has been experiencing significant volatility, has been closely monitored by analysts in recent months. Rekt Capital, a renowned cryptocurrency analyst, observed that Solana’s price has been range-bound, fluctuating between the support level of $17 and the resistance level of $24. Earlier this month, Solana hit a low[Read more…]