Category Archives: Solana News

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…]

Sharp Price Decline for SOL Token Just days after a promising partnership announcement with Visa, Solana’s native token, SOL, has experienced a sharp decline in price. Currently trading at $18.40, down 5.5% against Bitcoin, the main Ethereum competitor has a market cap of $7.56 billion and a 24-hour trading volume of $338 million. Visa’s Crypto[Read more…]

How much is SOL worth? As of now, Solana (SOL) is valued at $18.33, with a 24-hour trading volume of $618,897,839. SOL has seen a decrease of 5.83% in the last 24 hours. It holds the current CoinMarketCap ranking of #9, boasting a live market cap of $9,473,881,101. The circulating supply of SOL coins is[Read more…]

Protecting Your Discord: Best Practices By following these measures, users can ensure safety to a large extent. However, this isn’t the first time that Solana has become a victim of a malicious attack. Just last month, hackers siphoned off 38,500 SOL tokens and $123,184 USDC from Solana-based Cypher Protocol. It should also be noted that[Read more…]

Solana Price Overview A closer examination reveals that the price range of $18 to $19 has become a stronghold of buying interest for bullish investors. The uptick in Chaikin Money Flow (CMF) on the daily timeframe suggests that swing traders might be gearing up for a significant move in favor of Solana. Furthermore, the presence[Read more…]