Tag: Solana

Solana Surges As Momentum Resumes, Is $240 the Next Stop?

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Solana (SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistance at $240. Following recent consolidations, SOL has surged onto traders’ radars with renewed buying interest, sparking optimism that the climb will continue. With market sentiment turning increasingly favorable and technical indicators pointing toward further gains, all eyes are on SOL’s potential to break through its next significant threshold. Could this be the start of a rally that propels Solana to new heights? As bullish momentum builds, this article delves…

Ex-Valkyrie CEO Leah Wald’s Investment Firm Buys Four Validators, Including Solana (SOL) Network’s, for Nearly $18M

The Toronto-based firm, formerly known as Cypherpunk Holdings, will buy the validators from Cogent Crypto, a high-performance validator operating within the Solana ecosystem, according to a statement on Thursday. The total value of the investment is nearly $18 million, broken into three tranches: $1 million cash and about $1 million in company shares at the closing of the deal, and the rest distributed over three years in shares, Sol Strategies said. Source

SocGen Crypto Arm to Bring Its Euro Stablecoin EURCV to XRP Ledger, Expanding Beyond Ethereum, Solana

Stablecoins, which are cryptocurrencies with their price anchored to government-issued currencies, are increasingly popular for payments across the globe, offering a more efficient and cheaper way to move money. As countries roll out regulations for the asset class, more banks are getting interested in issuing their own stablecoin. Spanish bank BBVA, for example, said it plans to issue a stablecoin on Ethereum next year using payment firm Visa’s tokenization platform. Source

Solana Rising: Key Metrics Hint At Serious Ethereum Competitor

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The Solana blockchain network has been making tremendous strides and is on its way to catching up with Ethereum. Based on hedge fund Syncracy Capital’s recent findings, the market share and the valuation of Solana have increased in a short period, going as far as an estimate placing the network at 33% of the worth of Ethereum. This progress highlights how far Solana has come since being considered an undervalued player in 2023, thanks to more coherent architecture, higher transactions per second and simplicity of development. Solana has seen, and…

Solana (SOL) Needs to Hold $200 for Next Rally: Will It Succeed?

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Solana started a fresh increase above the $200 support zone. SOL price is correcting gains and must stay above $200 for a fresh increase. SOL price started a fresh increase after it settled above the $188 level against the US Dollar. The price is now trading below $212 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $210 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls…

Solana (SOL) Records 3-year High As Price Hits $220, $260 Next?

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Este artículo también está disponible en español. Solana (SOL) has seen a massive 35% weekly surge to a new year-high of $220, closing last week above levels not since in nearly three years. As the cryptocurrency soars and whales accumulate, some market watchers suggested SOL is poised to fly to new levels soon. Related Reading Solana Hits Three-Year High Price Solana has been one of the best-performing altcoins this bull run, seeing a massive surge in the past year. The cryptocurrency recently flipped Binance Coin (BNB) as the fourth-largest crypto…

Solana Market Cap Surpasses $100 Billion, Setting Up SOL For Potential ATH Rally

Este artículo también está disponible en español. Solana (SOL) recently saw its market cap surge past $100 billion, setting the stage for a potential all-time high (ATH) rally for its native SOL token. Solana Reclaims $100 Billion Market Cap, Is SOL ATH Imminent? Solana, currently the cryptocurrency with the fourth-largest market cap, recently joined the ranks of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) by surpassing the $100 billion mark in market valuation. Related Reading At the time of writing, Solana’s native token SOL is trading at $216.43, marking impressive…

Solana price hits 2+ year high — Is a new SOL all-time high on the way?

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Solana’s native token, SOL (SOL), surged by 35% between Oct. 5 and Oct. 11, reaching its highest level since December 2021 at $222. This movement has led traders to speculate whether the all-time high of $260 is within reach, especially after Bitcoin (BTC) crossed  $84,500, driven by steady institutional inflows and anticipated regulatory clarity in the United States. SOL has outperformed the broader altcoin market, which saw a 33% increase over the same six-day period ending Oct. 11. Investors’ optimism regarding SOL is partly fueled by the expansion in Solana’s…