Tag: Solana

Solana Snowfall? Price Plunges Amidst Market Correction

boss

Solana, the high-speed blockchain once hailed as an Ethereum killer, finds itself in choppy waters. After reaching an all-time high of $203 in March 2024, the cryptocurrency has experienced a significant correction, currently trading at $145. Analysts warn of a potential freefall, citing both external market forces and internal ecosystem woes. Related Reading Solana’s Descent: A Shooting Star Loses Its Luster Technical indicators paint a bleak picture for Solana. Alan Santana, a prominent crypto analyst, points to the emergence of bearish candlestick patterns like shooting stars and inverted hammers, alongside…

Bitcoin & Solana see light wobble following Rollblock’s ICO launch

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin and Solana correct after highs; Bitcoin’s halving anticipated to rally despite bearish pressure, while Rollblock presale gains traction as a potential 30x token by 2024. Bitcoin and Solana have both faced corrections over the last month; this follows a quarter of price increases during which Bitcoin hit an all-time high. With Bitcoin’s halving on the way, experts believe BTC will rally, though with increased bearish pressure, while Solana…

AgriDex, Commodities Marketplace on Solana Blockchain, Raises $5M to Tokenize Agricultural Real-World Assets (RWA)

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Solana memecoin Catwifhat defies market trend with 40% surge

Bitcoin and other leading cryptocurrencies may be showing bearish trends, but Solana meme coin Catwifhat (CWIF) is bucking that pattern. Catwifhat, a feline-themed counterpart to Soalna memecoin Dogwifhat, is back on an upward trajectory. The coin has surged by 42% today, reaching $0.00000082 following a 60% jump in trading volume. Data from CoinMarketCap reveals that Catwifhat has regained a market capitalization of $30 million. The meteoric ascent of Dogwifhat is still fresh in the minds of investors who are cautious about not fading its feline counterpart. At its peak, Dogwifhat became…

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

boss

In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%.  With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing only Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether’s USDT stablecoin. Despite its substantial growth, asset management giant and Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton anticipates further expansion for Solana as the emerging…

Raboo soars attracting Bitcoin and Solana investors

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid a recovering crypto market, new investment opportunities emerge as Bitcoin maintains dominance and new projects like Raboo attract significant attention. A Bitcoin investment is just about the best investment one can make these days, and with the Solana price recovering. Meanwhile, the new memecoin Raboo’s presale exceeded a million dollars in liquidity, and crypto has never looked in a healthier position. There’s a ton of opportunity out there…

Investment Firm Franklin Templeton Believes Solana Will Become the Third Largest Crypto Asset

Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the potential to become the third-largest cryptocurrency in the market. The firm praised the resilience of the project, its continued airdrops, and the work developers have undertaken to fix the network’s recent congestion issues. Franklin Templeton: There […] Source CryptoX Portal

Sui Surpasses Solana in Daily Transactions Amidst Spam Token Frenzy

Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses […] Source CryptoX Portal

Why Did The Solana Price Jump Today?

boss

Solana (SOL) is currently up by 4% after jumping from $142 to $148 in the past 24 hours. Interestingly, Solana has made a 23% gain from $119.56 since May 1 and could hold on to sustain this price increase steadily for the rest of the month. On-chain data has revealed behind the scenes that some whales are accumulating and transferring SOL tokens which reflects some intuition of bullishness surrounding the cryptocurrency.  Particularly, on-chain data from whale transaction tracker Whale Alert has revealed the movement of 267,077 SOL worth $38.6 million…