Category Archives: Solana News

Grayscale’s Q3 Updates: Solana Surpasses Cardano In Grayscale’s Q3 updates, a significant shift has occurred in the blockchain landscape. Solana (SOL) has successfully surpassed Cardano (ADA) to become the leading asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. The question arises: Which one is better, Solana or Cardano? Solana’s Impressive Performance Currently valued at $23,[Read more…]

Short-Term Surge: Solana’s Encouraging Trajectory In the immediate landscape, Solana (SOL) emerges from its falling trend, signaling a potential change in momentum. The notable rise post the inverse head and shoulders formation breakthrough at 20.19 has been a testament to its resilience. While the 22.83 objective is realized, the trajectory suggests further potential. The imminent[Read more…]

Introduction For the past two years, Ethereum (ETH) has consistently outperformed Solana (SOL) in the weekly chart. However, a technical analyst named “CryptoGodJohn” on X believes this trend is about to change. The analyst points to the SOLETH chart’s candlestick arrangement on the weekly chart, indicating a potential shift in favor of SOL. Is It[Read more…]

Introduction In a significant turn of events, Solana (SOL) has emerged as a formidable player in the cryptocurrency market, surpassing both Dogecoin (DOGE) and Cardano (ADA) in terms of market capitalization. This development highlights the rapid growth and adoption of SOL, showcasing its potential to compete with established cryptocurrencies. In this article, we will delve[Read more…]

Solana’s Recent Market Performance Solana’s impressive rally encountered resistance near the $25 mark, where substantial sell limit orders were observed, including levels at $25, $28, and $30. Despite this hurdle, Solana (SOL) managed to achieve a remarkable 20% gain since its recovery began on September 28. However, the rally faced challenges at the daily bearish[Read more…]

Understanding Solana’s Recent Volatility Solana, a cryptocurrency that has been experiencing significant volatility, has been closely monitored by analysts in recent months. Rekt Capital, a renowned cryptocurrency analyst, observed that Solana’s price has been range-bound, fluctuating between the support level of $17 and the resistance level of $24. Earlier this month, Solana hit a low[Read more…]

Are Solana Validators Heavily Subsidized? A user on X, arixon.eth, alleges that over 90% of Solana validators are subsidized heavily by the Solana Foundation and Alameda Research, the defunct trading wing associated with the bankrupt cryptocurrency exchange FTX. In a post on October 4, the analyst said the level of subsidy is “shocking” but will[Read more…]

Solana’s Liquidity Staking Protocols: A Growing Trend Solana, a name synonymous with rapid growth and development in the crypto realm, has once again demonstrated its prowess. This time, the spotlight is on its burgeoning liquidity staking protocols, which have shown remarkable progress in recent weeks. Jito: Setting New Benchmarks Leading the charge is Jito, whose[Read more…]

The Cost-Saving Feature on Solana The cost-saving feature on Solana is the reason behind the spike in the number of NFTs minted on Solana. Bubblegum is used for weighing down the cost of interacting with NFTs on Solana. Solana Blockchain: A Hub for 3 Million Weekly NFTs Solana blockchain shows 3 Million NFTs minted weekly.[Read more…]

Breaking News: Solana Foundation’s Multi-Client Network The Solana Foundation recently revealed a significant milestone, stating that more than 31% of the network’s stake is now being processed through the Jito Labs client. This statistic showcases the network’s expansion across multiple clients, marking a substantial leap forward in its development. The foundation’s commitment to promoting Solana’s[Read more…]