Category Archives: Solana News

Altcoin Sherpa’s Insights Altcoin Sherpa, an anonymous cryptocurrency analyst and trader, stated on his X account that Solana is a strong altcoin project that can perform well in the next bull market. While the analyst expects a long-term rise in SOL, he emphasized that reaching the bull zone is likely to be challenging, stating: “Solana[Read more…]

Descending Wedge Formation: A Historical Precursor Historically, such patterns have acted as precursors to substantial bullish surges upon breaking free from the upper resistance. The question that now lingers in the minds of crypto enthusiasts: Is Solana poised for a bullish turnaround, or should we brace for more market turbulence? At present, Solana is trading[Read more…]

Recognizing Network Effects and Stability Bons now acknowledges the undeniable network effects of Solana, even when considering the potential for inflated metrics. He also pointed out that the Solana network has significantly improved its stability, addressing issues he had previously criticized years ago. SOL as a Strong Layer 1 Contender Furthermore, Bons has identified Solana[Read more…]

Solfare and DLN Collaborate for an Enhanced Solana Experience In a pioneering move, Solfare, renowned for its Solana-centric wallet, has collaborated with DLN’s avant-garde cross-chain trading mechanism. This initiative ensures rapid, direct cross-chain transactions between Solana and MetaMask, offering users an enhanced experience. MetaMask Welcomes Solana’s Universe MetaMask’s vast community, which is several millions strong,[Read more…]

Why Visa Chose Solana In a deep dive into the Solana blockchain network, Visa elucidated its reasons for selecting Solana as a part of its stablecoin settlement pilot today. Visa announced last week that they are expanding their stablecoin pilot to Solana, as part of their ongoing efforts to modernize cross-border money transfers through blockchain[Read more…]

Solana’s Rising User Base SOL’s user base may witness a surge considering Solana’s strategic partnership with Visa. FTX’s Upcoming Sell-offs FTX’s upcoming sell-offs threatened to add downward pressure to SOL. Solana’s Ecosystem Developments Despite the not-so-exciting price trajectory of Solana’s native token, SOL’s ecosystem has reverberated with a flurry of positive developments lately. Amidst the[Read more…]

Solana (SOL) Price Plummet Solana (SOL) is grappling with a turbulent market, and yesterday was no exception. The digital asset took a nosedive, shedding approximately 8% of its value within a single day. This unsettling drop has been attributed to FTX’s newfound authority to liquidate a substantial amount of Solana. The catch? No one knows[Read more…]

Will FTX’s Selloff Really Impact The Crypto Market? Set for a court hearing on September 13, the bankrupt FTX exchange has submitted a motion detailing its strategy to liquidate its cryptocurrency assets into fiat currency. The aim is to settle debts with creditors. Initially filed on August 23, the motion has garnered significant attention from[Read more…]

The Recent Drop in Solana (SOL) Value Solana (SOL) has experienced a significant drop in value over the last 24 hours, plummeting by more than 6%. This decrease in price comes amid concerns that the bankrupt cryptocurrency exchange FTX might liquidate a hefty portion of its SOL holdings along with other Solana-related digital assets. FTX’s[Read more…]

Current Prices and Market Response As of the latest available data, Ethereum is currently priced at $1,623.49 USD, while Solana stands at $18.47 USD. While these figures provide only a snapshot of the overall picture, they do hint at a somewhat muted market response to what should have been positive and uplifting news. Underwhelming Price[Read more…]