Tag: Solana

Solana and Avalanche recovers, meme coin targeting to raise $5m

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. In January, Spot Bitcoin ETFs added 151,000 BTC. Solana (SOL) and Avalanche (AVAX) are firm, while Galaxy Fox (GFOX) investors are targeting $5 million in presale. Jerome Powell’s decision to keep rates stagnant confirms the end of the hiking cycle. Over-leveraged traders are struggling, but investors buying at spot are comfortable.  Solana and Avalanche recover Solana and…

Crypto Report Suggests Solana A Main Focus For Next Bull Market

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A recent ‘Navigating Narratives’ report by K33 Research provided insights on how to trade altcoins. Interestingly, as part of their analysis, they highlighted Solana (not ETH) as the main focus and elaborated on why this was so.  Why Solana Is The Main Focus The report, written by DeFi Analyst David Zimmerman, stated that they were focusing primarily on buying SOL if there was an opportunity to buy lower. They claim the reason for this is that “SOL has solidified its place in the market as one of the market leaders.”…

Solana DEXs Outperform Ethereum In Key Metric

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Recent data shows that Solana-based decentralized exchanges (DEXs) have taken Ethereum’s spot in a key metric, creating expectations and positive sentiment for the Solana (SOL) ecosystem. Solana DEXs Outperform Ethereum According to data from DeFiLlama, Solana-based decentralized exchanges (DEXs) have flipped Ethereum in daily trading volume. Over the last 24 hours, Solana’s $1.14 billion trading volume surpasses Ethereum DEX’s $1.133 billion trading volume. This accomplishment occurred for the first time in December of 2023 when Solana’s daily DEX volume reached $1.475 billion, surpassing Ethereum’s $1.164 billion, and hit a growing…

Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Solana (SOL) has surpassed Ethereum (ETH) in 24-hour DEX volume. This development coincides with the prediction from BitMEX co-founder Arthur Hayes, who foresees a rally in Solana following the crisis in New York Community Bank (NYCB). Deep Dive on Solana’s Meteoric Price Trajectory As reported by DefiLlama, SOL seized the spotlight by outpacing ETH in the 24-hour decentralized exchange (DEX) volume. Solana is still the number 1 ecosystem by DEX volume📈 pic.twitter.com/Y6MtGHYQnY — Crypto Crib (@Crypto_Crib_) February 2,…

Forget Bitcoin, This Billionaire Is Betting Big On Solana For 2024

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In the dynamic world of cryptocurrency, Arthur Hayes, the former CEO of BitMEX, is painting an optimistic picture for the potential recovery and growth of Solana in the crypto market. Known for his adept navigation through market fluctuations, Hayes recently shed light on Solana’s positive trajectory, emerging from the shadows cast by the downfall and legal entanglements of FTX. Solana (SOL), once the favorite of the now-convicted founder Sam Bankman-Fried, had faced uncertain speculations about its destiny in the aftermath of the FTX collapse. However, Hayes’ sanguine remarks have reignited…

SOL Price Faces Big Move – Can Bulls Send Solana To $120?

Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels. SOL price started a fresh decline from the $106 resistance against the US Dollar. The price is now trading above $92 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another increase if it…

BitMEX Co-Founder Backs Solana Amidst Fears of Another US Bank Collapse

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In a post on X, Arthur Hayes, the co-founder of the derivatives crypto exchange BitMEX, said it might be time for traders to double down on Solana (SOL) and altcoins in general. Hayes’s comments come at a time of heightened volatility in the broader crypto market, with Bitcoin (BTC) struggling to regain its footing and altcoins, including Ethereum (ETH), posting mixed results. Time To Switch To Solana? The co-founder noted that it could be time to get back on the Solana “train.” With this preview, Hayes is convinced that Solana and…

Bitcoin billionaire Arthur Hayes urges a return to investing in Solana

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Former BitMEX CEO Arthur Hayes recently highlighted Solana’s potential for recovery and growth in the crypto market after the FTX downfall and corruption. After the conclusion of the FTX collapse and the legal battles that ensued, many speculated about the fate of Solana (SOL), a cryptocurrency once favored by the now-convicted founder Sam Bankman-Fried. Contrary to speculations, Hayes has recently spotlighted Solana, indicating a positive trajectory for the network. Known for his expertise and experience in navigating the crypto market’s ups and downs, Hayes posted his optimism for Solana to…

Bitcoin could stay rangebound, Solana poised for breakout

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Bitcoin investors have high hopes for 2024 given the cryptocurrency’s almost too-good-to-be-true setup , but they may have to wait a few weeks more for its next big ascent, according to Wolfe Research. On Wednesday, bitcoin finished the month of January right where it started, just above the flat line at the $42,000 level, despite the long-awaited launch of spot bitcoin exchange-traded funds in the U.S. That’s largely due to an extended sell-the-news phenomenon that pushed bitcoin below $39,000 at one point. The price has recovered but has yet to…