Tag: Solana

Solana to surpass all-time high despite activity decline, expert predicts

Solana witnessed a 30% drop in total value locked but the blockchain has a chance to make new highs soon. According to DefiLlama, the value of decentralized applications fell by $10 billion in April. In addition, the total value locked (TVL) of the Solana blockchain has fallen from a March peak of $4.64 billion to $3.8 billion at the time of writing. Source: DefiLlama The decline in Solana’s performance occurred against the backdrop of a decline in the excitement around meme coins in this blockchain, and the fall of Bitcoin (BTC) after its rapid growth in…

Solana price rises 12% as new SOL presale attracts investor attention

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana continues to bolster its claim as the most bullish cryptocurrency during the current bull cycle.  After a sharp decline in April, the Solana price has bounced back up in May. It has rallied 12% from its recent low of $119 and is currently trading at $138 at press time.  Solana’s performance is even more impressive when comparing it to other large-cap cryptocurrencies. According to TradingView, the SOL/BTC trading…

SOL Price Pops 10%, Can Solana Bulls Regain Strength?

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Solana started a recovery wave from the $120 zone. SOL price is rising and might accelerate higher if there is a close above the $142 resistance. SOL price recovered higher and tested the $140 resistance against the US Dollar. The price is now trading below $142 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $132 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below…

Sealana crypto presale goes live as Solana memecoins lead recovery

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Sealana sparks a robust start in its presale, gathering $130k as Solana memecoins spearhead a market recovery, indicating a growing investor interest in new meme-driven projects. The Solana meme coin circuit is spearheading a broader crypto market recovery, and Sealana is launching a new presale for frontrunner status. Within its opening hours, the presale has already raised over $130k, reflecting a deep market appetite for the new token. The…

Solana meme coins surge despite crypto market decline

Solana meme coins show remarkable growth, although many leading cryptocurrencies suffer heavy losses. The meme coins segment is doing much better than other cryptocurrencies, CoinGecko data shows. Source: CoinGecko Dogwifhat (WIF), the largest meme coin by market capitalization based on the Solana blockchain, has risen 18% in the last 24 hours. Popcat (POPCAT) rallied 61%, Jeo Boden (BODEN) gained 53% in price, Slerf (SLERF) surged 16%, and Wen (WEN) is up by 28%. The gains starkly contrast the broader cryptocurrency market, which has seen more muted performance. After falling below $57,000, Bitcoin has recovered…

Solana gains momentum following Solana-Bitcoin cross-chain announcement

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Solana (SOL) has gained bullish momentum as the Zeus Network plans to connect it with the Bitcoin blockchain. SOL is up by 4% in the past 24 hours and is trading at $129.9 at the time of writing. The asset’s market cap surpassed the $58 billion mark with a daily train volume of $4.1 billion. SOL price, Binance funding rate, open interest and RSI – May 2 | Source: Santiment According to data provided by Santiment, the SOL total open interest has been consistently declining over the past 10 days…

Restaking ‘Gold Rush’ Spreads to Solana (SOL) From Ethereum (ETH), With Jito (JTO) and Others Joining In

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Solana Projected To Reach $500 This Year Despite Market Meltdown, Expert Predicts

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Solana (SOL), currently ranked as the fifth largest cryptocurrency with a market capitalization of $56 billion, has experienced a significant decline amid the recent market meltdown affecting the digital asset space.  Over the past 24 hours, SOL has witnessed an 8% drop, reflecting the broader market downturn. Despite this setback, experts believe that if the cryptocurrency maintains support above the $120 price level, it holds notable potential for a strong price recovery in the coming months. Bullish Price Outlook And Key Support Levels To Watch  After reaching a yearly high…

Solana Memecoin Hits $320T Market Cap, But There’s A Catch

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The Solana memecoin frenzy has made many investors score a home run or be out of the game this cycle. Traders are looking for new projects that could be the next hit while the market enters a new re-accumulation phase. Solana Memecoins’ New Strike Memecoins have been the narrative of this bull cycle. As a result, those who wanted to make big profits mainly invested in newly launched projects. While some have made millions by trading the week’s top gainers, others have lost significant amounts trying to climb the ladder.…

Solana, Arbitrum, and Milei Moneda show maximum bull run gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Market experts forecast significant gains for Solana ($435.99), Arbitrum ($5.38), and Milei Moneda as lucrative investments for 2024’s bull market. Solana (SOL) rebounds as the meme coin market receives a boost. Meanwhile, Arbitrum (ARB) attempts to reverse its losses after losing 38% of its value over the past year. On the other hand, experts tip Milei Moneda (MEDA) to be a leading meme coin in the upcoming bull run. …