Category Archives: Solana News

Solana’s Institutional Inflows and Price Movement Despite a slight retracement, the recent crossover of SOL’s 30-day exponential moving average above its 200-day average indicates a potential breakout on the horizon. Solana, a strong competitor to Ethereum, has been garnering significant attention in the crypto sphere due to substantial institutional investments. In September, SOL’s price soared[Read more…]

Petty Transactions Gaining Momentum on Solana A practice is considered mainstream when even a common individual is able to bring it into routine. Cryptocurrency, as a whole, is still struggling to go mainstream. However, Solana (SOL) is striking as being a convenient payments platform. A recent report notes the network is recording rising transaction activity.[Read more…]

Solana Price Update: Recent Market Analysis The Solana price has experienced a 2.5% decline in the past 24 hours, dropping to $22.81, coinciding with a broader market dip of 0.5%. This fall comes as the underlying Solana blockchain introduces an update enabling confidential transactions among users, enhancing network privacy. Recent Performance and Predictions Despite a[Read more…]

Solana Long-Term Price Forecast: Bullish Since September 28, Solana has shown promising movement, indicating a bullish trend. The altcoin’s price peaked at $24.50 on October 1, marking the end of an uptrend. In the past week, Solana fluctuated below the resistance level and rebounded above $22. Despite the recent fluctuations, Solana still has potential for[Read more…]

Recent Inflows and Market Trends In a surprising turn of events, Solana (SOL), one of the most discussed altcoins in the market, has encountered significant resistance that halted its upward trajectory. This recent bearish rally mirrors the turbulence experienced in March 2022. This week witnessed the largest inflow for Solana since 2022, primarily due to[Read more…]

Solana’s Recent Surge: Following Bitcoin’s Trend or Driven by Unique Factors? In the cryptocurrency world, Solana’s token, SOL, has recently surged by an impressive 20%. This surge, which occurred between September 28 and yesterday, has raised questions about whether it’s following Bitcoin’s trends or driven by its unique factors. Before this price jump, SOL went[Read more…]

Recent Developments and Solana’s Bright Future The latest report from Nansen, an on-chain insights provider, delves deep into the Solana (SOL) ecosystem, the seventh-largest cryptocurrency. This week, SOL witnessed a 16% increase in value due to improved network health. Despite its recent positive trends, the ecosystem faces potential volatility, notably with Galaxy Digital, a liquidity[Read more…]

The Solana v1.16 Update: Important Changes and Features The Solana (SOL) network recently rolled out its latest update, version 1.16, after undergoing rigorous testing and audits. Thanks to the dedicated efforts of volunteers and lead nodes, this update brings several crucial enhancements, especially for Solana validators. Changes in Solana v1.16 Update Please note that while[Read more…]

October Crypto Market Overview October began on a bullish note for the crypto market, with Bitcoin reaching the $28K level. However, the ‘Uptober’ trend faced a setback as large and long-term holders started booking profits. Despite this, the market rebounded due to increased buying demand near dips, setting the stage for potential gains in altcoins[Read more…]

The Latest on Solana’s Market Position: Solana (SOL) is making significant strides in the ever-evolving world of blockchain technology. With a current valuation of $23.21, a 24-hour trading volume of $330,549,690, and a market capitalization of $9,601,573,390, Solana is demonstrating its robust presence in the crypto market. Solana’s Confidential Transfers: A Paradigm Shift: In the[Read more…]