Category Archives: Solana News

The Rise of Solana: A Bullish Trend in the Crypto Market Amidst Bitcoin’s surge past $35, major altcoins experience a boost, driving a sharp price increase across the market. Solana (SOL), buoyed by the market recovery, displays a significant surge, breaking out of a rounding bottom pattern. Solana’s Price Movement: A Closer Look Surpassing the[Read more…]

In a World of Decentralized Finance: UK at a Regulatory Crossroads In the swiftly evolving landscape of decentralized finance (DeFi), the United Kingdom finds itself at a crucial juncture. Prominent DeFi platforms on the Solana blockchain, including Marinade Finance, have recently limited access for UK residents owing to fresh regulatory concerns raised by the country’s[Read more…]

Recent Inflows in Digital Asset Investment Reported by The Block, digital asset investment products witnessed net inflows of $66 million in the past week, marking the fourth consecutive week of positive inflows. According to CoinShares, the total inflows over this period amounted to $179 million. Digital Asset Fund Flows Report The digital asset fund flows[Read more…]

Institutional Preference for Solana Digital assets manager CoinShares has revealed that Solana (SOL), a prominent rival of Ethereum (ETH), is currently a top choice among institutional investors. This trend has emerged in the midst of fervent anticipation surrounding the launch of a Bitcoin (BTC) exchange-traded fund (ETF) in the crypto market. In CoinShares’ latest report[Read more…]

Bitcoin’s Potential for Explosive Rally Analyst Pentoshi, renowned for accurately predicting Bitcoin’s 2021 bull market peak, believes that the cryptocurrency giant is gearing up for a significant surge. Despite Bitcoin’s gradual ascent, Pentoshi suggests that this slow upward movement often precedes substantial market shifts. “This slow grind up on BTC reminds me of the ones[Read more…]

Overview The Solana (SOL) price experienced a significant surge of 4.23% within the last 24 hours, reaching a current trading value of $29.71. Over the past eight Intraday Sessions, SOL crypto has demonstrated remarkable growth, soaring by more than 36%. This bullish momentum was fueled by a rebound from the 200-day Exponential Moving Average (EMA),[Read more…]

The Cryptocurrency Market This Week The cryptocurrency market is known for its constant shifts and developments, impacting token prices every week. This week, expert crypto investor TheDeFiInvestor suggests paying close attention to six specific cryptocurrencies: Solana, Polkadot, Fantom, dYdX, Bitcoin-related coins, and Secret Network. Major Events Driving Potential Price Action TheDeFiInvestor has provided a watchlist[Read more…]

Crypto Investment Products Attract $66 Million Inflows Crypto investment products have seen a total of $66 million inflows in the fourth consecutive week, as expectations of approval from the US Securities and Exchange Commission (SEC) for a spot Bitcoin ETF rise. With this latest influx, the total fund amount in crypto investment products has reached[Read more…]

Current Market Analysis As of October 2023, Solana (SOL) is trading at $30.81, marking a significant 39.11% increase in the past seven days. The current market cap stands at $12,833,161,968. This surge is a continuation of the cryptocurrency’s volatile yet generally upward trajectory throughout the year. A detailed analysis of the monthly price changes from[Read more…]

Solana’s Remarkable Bullish Momentum After weathering significant selling pressure during the bear market, Solana, a popular layer-one blockchain project, has started to exhibit substantial bullish momentum, making it the best-performing cryptocurrency among the top 40 coins by market capitalization this week. On Sunday, October 15th, it was priced at $21.9, and it has since seen[Read more…]