Crypto analysts are turning increasingly bullish on Solana (SOL), with forecasts suggesting a potential 50% surge in the near future. Following SOL’s 11% surge in the past 24 hours, several renowned analysts came forward to express their bullish stance. Solana Price Poised For Rally Towards $250 On X, crypto trader Bob Loukas (@BobLoukas) has provided an optimistic outlook, stating, “SOL now based and fuel up for leg to $250.” This statement is based on a thorough analysis of the weekly SOL/USD chart. The chart exposes that SOL has transformed its…
Tag: Solana
Solana Meme Coin WIF Flips FLOKI After 35% Price Gain
WIF also toppled floki (FLOKI) as the fourth largest meme token by market capitalization, reaching a $2.6 billion market value months after its launch, Messari data shows. WIF is currently the 52th most valuable token among all cryptocurrencies, while the largest meme coin DOGE is the 10th with a 24 billion market cap. Source
Solana NFT Marketplace Tensor to Issue TNSR Governance Token
Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to “decentralize” their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token. Source
Solana Demand Soars As Institutions Buy Up SOL At A Massive 870% Premium
Solana (SOL) looks to be attracting the attention of institutional investors, with this Solana fund trading as high as an 870% premium following SOL’s bullish momentum. These investors’ interest in the SOL token isn’t surprising as on-chain metrics suggest it is still undervalued, and a parabolic rise might be on the horizon. Grayscale Solana Trust Trades At A Premium Per data from Grayscale’s website, the Grayscale Solana Trust (GSOL) is currently trading at $317 per share, representing a significant premium from SOL’s current price. The premium had risen to 870%…
Avalanche and Solana Led CoinDesk 20 Gainers Last Week
The CoinDesk 20 tracks the world’s largest and most-liquid cryptocurrencies in an investible index available on multiple platforms. The broader CoinDesk Market Index comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Source
Solana Co-Founder Anatoly Yakovenko Thinks Crypto Has a Shot at Disrupting the App Store Duopoly
Anatoly Yakovenko, co-founder of Solana Labs, believes that crypto can have a shot at disrupting Google’s and Apple’s app store duopoly. He criticized the state of the software distribution on mobile devices, lamenting that the two stores collected over 30% of all earnings just to display a top 10 list of the most downloaded apps. […] Source CryptoX Portal
SOL Price Breaks $150 – Why Solana Could Soon Test $180
Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar. The price is now trading above $150 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $140 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $156 and…
Solana DeFi’s KMNO Airdrop Sparked Outrage. Kamino Responded With Changes
The new rules will give additional – albeit unspecified – rewards to “OG” users of Kamino, which hosts various decentralized finance (DeFi) products for borrowing, lending, staking and earning interest on Solana tokens. Points-earning strategies will also be lessened, Kamino said in a post on X, formerly Twitter. Source
UNIBOT Crashes 37% Following End Of Cooperation With Solana Team
In a significant move, the Unibot core team has announced a decisive shift in its collaboration on the Solana blockchain, pointing toward a future where trust, security, and community values take center stage, per a statement on their official social media accounts. Unibot Core Team Emphasizes Commitment To Transparency and Security This pivot comes as the team ends its partnership with the group that previously deployed Unibot on Solana, citing a misalignment with Unibot’s foundational principles of transparency, security, and honesty. According to a recent Unibot’s official X account update,…
Unibot Tanks 33% After Ending Collaboration With Solana Group
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