Category Archives: Solana News

Outflows Dominate the Market The report reveals that investors’ confidence has been waning, with outflows occurring over eight of the past nine weeks, totaling over $450 million in lost investments. In the most recent week analyzed, digital assets experienced outflows amounting to $54 million, marking the fifth consecutive week of negative trends. According to CoinShares:[Read more…]

Key Points: Solana (SOL) experienced a robust 5% price surge in the past 24 hours, with a 7-day increase of 13.37%, indicating growing buyer interest and liquidity. Despite a $3.4 billion crypto liquidation approval from the FTX exchange court case, Solana remains resilient, showing a strong recovery. The coin’s price currently stands at $20, supported[Read more…]

Solana’s leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana’s user-friendly, cost-effective blockchain and the ever-popular world of NFTs. The Significance of Solana’s NFT Marketplace Why is this a big[Read more…]

The Altcoin Market’s Road to Recovery The altcoin sector has been showing signs of recovery over the past week, following Bitcoin’s price breaking through the significant $26,500 threshold due to increased buying interest. At present, investor focus seems to be shifting towards altcoins, as numerous tokens—including key metaverse coins—have experienced a price uptick this week.[Read more…]

Solana’s state compression serves as the foundation for cNFTs, a revolutionary development in the world of digital collectibles. While hosting NFTs off-chain may offer certain advantages, it also presents some significant challenges. Introducing Solana’s cNFTs As a more cost-effective and scalable approach to owning digital collectibles, Magic Eden, a leading NFT marketplace, is excited to[Read more…]

Ethereum killers are projects that offer alternative blockchain networks with improved features and more advanced technology than Ethereum. These projects became famous in the last bull market and made headlines among the top-performing altcoins in the DeFi ecosphere. One platform that stood out from the rest at the time was Solana. It is popularly known[Read more…]

Solana’s Price Increase Solana’s price has seen a slight 0.59% increase over the past 24 hours to $19.16 according to the provided market data. While not a major surge, this move upwards continues the cryptocurrency’s stabilization over the past month. After falling over 18% in the previous 30 days, Solana seems to be finding its[Read more…]

Solana Price Predictions Current Solana Price Today’s Solana price is $19.36, with a 24-hour trading volume of $211,897,839. Solana is up 0.88% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $7,983,881,101. It has a circulating supply of 418,890,490 SOL coins, and the maximum supply is not[Read more…]

The $MATIC Downtrend On August 31, Polygon announced the zkEVM mainnet beta’s first major upgrade, Dragon Fruit. Market experts anticipated this news to boost investor confidence and the utility of $MATIC, potentially leading to price gains. However, despite these positive expectations, $MATIC failed to realize the projected gains. Between August 31 and September 11, $MATIC’s[Read more…]

A Quiet Yet Positive Landscape Despite seeming tranquility in the crypto and traditional markets due to reduced liquidity, Pal highlights that the cryptocurrency domain has seen a substantial growth of 50-100 percent this year. The broader sentiment, however, feels less enthusiastic because of the market’s stagnant performance since April. Will the Banks Play a Role?[Read more…]