Category Archives: Solana News

Majority of Altcoins Continue to Underwhelm While most alternative cryptocurrencies (altcoins) have been underperforming lately, a few standout large-cap projects are bucking the trend and showing significant strength, according to crypto analytics platform Santiment. Solana (SOL) and Injective Protocol (INJ) are two that have gained notable market cap share recently. In a recent tweet, Santiment[Read more…]

Solana Reviews and Current Situation Solana, a cryptocurrency that has recently gained attention due to its volatile nature, has faced various challenges in the market. Despite the setbacks, the Solana team remains committed to the blockchain’s development, releasing updates and products to strengthen its position. Concerns arose among investors after the FTX exchange collapse last[Read more…]

Solana’s Market Cap and Ranking Solana (SOL) concluded the quarter with an impressive $8.4 billion market cap, marking a substantial 17% increase Quarter-on-Quarter (QoQ). Despite a brief dip, SOL outperformed several altcoins, climbing from 10th to 7th position in the ranking during the same period. Price and Trading Activity During the quarter, SOL was traded[Read more…]

Introduction A community member, kentie, recently published a proposal suggesting the discontinuation of support for Polygon (MATIC) on Lido, the Ethereum (ETH) liquid staking solution. This proposal comes months after Lido paused MATIC’s staking and withdrawal functionality due to a bug affecting stMATIC withdrawals. Reasons for Sunset According to the proposal, the decision to sunset[Read more…]

Solana’s Falling Wedge Breakout and Rally Solana recently experienced a bullish breakout from a falling wedge pattern, resulting in a significant 20% rally. This breakout has garnered the attention of analysts and traders alike, prompting discussions about the cryptocurrency’s short-term potential. Short-Term Entry Points and Potential Retests Analysts are eyeing the possibility of Solana retesting[Read more…]

Decisive Move: Lido DAO Concludes Solana Staking Amidst Financial Challenges Leading decentralized liquid staking platform Lido Finance has made a significant decision regarding its Solana (SOL) staking offering. Lido DAO has opted to conclude its operations on the Solana staking project due to financial challenges faced by the P2P team. In an announcement from the[Read more…]

Exciting Developments in Cryptocurrency As October approaches, the cryptocurrency market is abuzz with anticipation for several groundbreaking developments. Ethereum ($ETH) Futures ETF Approval on the Horizon Speculations are rife within the Ethereum community regarding the approval of the first Ethereum Futures ETFs on October 2, 2023. This news has generated significant excitement, bolstered by Ethereum’s[Read more…]

Lido To Discontinue Liquid Staking On Solana The team behind Lido Finance has made the difficult decision to sunset Solana staking following a community DAO vote, where over 90% voted in favor of discontinuing Solana staking. This gradual phase-out of the Lido on Solana project will take place over the next few months. This decision[Read more…]

Lido DAO Sunset Solana Project: Financial Challenges Lead to Community Decision In a significant development, Lido DAO has chosen to sunset the Lido on Solana project following a decisive community vote. This decision, supported by 92% of the community, stems from the project’s financial constraints, making it unsustainable. Sunsetting Lido on Solana: Phased Process Underway[Read more…]

In Brief The Solana (SOL) price has been following a long-term ascending support trendline since the beginning of the year but is currently facing resistance at $27. Analysts are closely monitoring its movements to predict potential outcomes. Promotional Content Trade crypto like a pro – Explore the GTi12 index by FXGT.com, comprising the 12 largest[Read more…]