Tag: Solana

Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?

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Two high-volume transactions involving Solana (SOL) have caught the attention of the crypto community considering the impact they could have on the crypto token’s price. Moreover, these transactions have come at a time when SOL risks dropping below the psychological price level of $90.  Solana Whales Move $82 Million Worth Of SOL Data from the blockchain analytics platform Whale Alert shows that an unknown wallet address (7v2M…Ao3C) moved 659,283 SOL to another unknown wallet address (3vxh…gkom). The movement of such a significant amount of SOL has raised speculations as to…

Polygon and Solana slide, new crypto raises $10m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the last trading day, Polygon (MATIC) and Solana (SOL) have posted losses. Meanwhile, a new crypto project, Bitcoin Minetrix, has raised over $10 million in the ongoing presale. Top coins retrace While leading coins, including SOL and MATIC, retrace, they are relatively firm in the past week. Currently, MATIC is down 5.73%, priced at $0.781. Meanwhile, Solana is down 7.61% this month, priced at $95.09. The recent sell-offs…

Solana: Jupiter (JUP) Price Tumbles Amid Controversy

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On Wednesday (January 31), the highly anticipated Jupiter (JUP) airdrop took place. Jupiter, a decentralized exchange aggregator built on the Solana blockchain, has been making waves in the crypto space lately, even surpassing Uniswap in terms of trading volume. However, the airdrop, while initially boosting JUP’s value, has been followed by controversy. Jupiter (JUP) Airdrop Stats Tom Wan, a researcher at 21.co, the parent company of 21Shares, commented on the magnitude of the airdrop, stating, “It was one of the largest airdrops on Solana ever, with over 440,000 addresses claiming…

Solana Price Eyes $120 as SOL DeFi Volumes Beats ETH, ARB

Solana price moved above the $100 milestone on Jan. 30; rising defi volumes and positive sentiment surrounding the upcoming Jupiter airdrop could propel it further. On Jan. 30, Solana’s price briefly broke the $100 barrier for the first time in 2024. However, barely 48 hours later, on Feb. 1, crypto prices dipped after Fed Chief Jerome Powell made a statement hinting at postponing rate cuts beyond March 2024 as widely predicted.  Solana price fell 12.5% on Fed Chief Jerome Powell’s statements In the aftermath of the Federal Open Market Committee…

Solana in focus, analysts backing Tron and NuggetRush

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana may rally to $150 in 2024. Tron is likely to edge higher, buoyed by solid fundamentals Analysts back NuggetRush to surge The approval of spot Bitcoin ETFs in the United States forced prices lower. However, sentiment is improving. Analysts are bullish on Solana (SOL), expecting Tron (TRX) and NuggetRush (NUGX) to extend gains in the months ahead.  NuggetRush is on an uptrend NuggetRush combines memes with play-to-earn (P2E) and…

Global crypto market stabilizes as Solana meme coins bleed

The crypto market witnessed a day of mixed fortunes as the global market cap climbed back to $1.7 trillion, signaling a stabilization after a 3% drop yesterday.  Notably, Bitcoin surged to $43,600, marking its highest point since last week, despite a mere 6% increase in trading volume over the past 24 hours. In contrast, Solana (SOL) experienced a notable decline, shedding nearly 5% of its value today.  The market also saw significant volatility in XRP, which plummeted to $0.49, its lowest in a month. This drop was primarily attributed to…

Analyst Compared Solana To Ethereum ICO Boom, What Does This Mean For SOL Price?

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Crypto analyst Santiago Santos recently drew parallels between the Solana and Ethereum networks. As part of his analysis, Santos suggested that Solana had an advantage over Ethereum, something which he believes could cause the former to catch up with the latter soon enough.  Solana’s Recent Run Similar To Ethereum’s ICO Boom Santos mentioned in an X (formerly Twitter) post that Solana is “going through what Ethereum did during the ICO boom.” However, unlike then, when it was only whitepapers, Solana has applications seeing meaningful usage and growth, the analyst further…

Solana transaction volume hit multi-year high in January

Transaction volume on the Solana network crossed $1 trillion in January, a multi-year high. According to The Block’s dashboard, transaction volume is up 30% from December 2023, at $738.8 billion. Online transaction volume has hit a record high since September 2022, at $1.55 trillion. Source: The Block Experts note that the growth in blockchain activity is significantly higher than in 2023 and through much of 2022. For example, in September 2023, transaction volume on the Solana network reached a low of $40 billion. In January, the number of registered addresses…

Solana breaks above $100, new altcoin could be next

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana is in an uptrend, rising above $100 for the first time in more than a week. However, it still trails Bitcoin Minetrix whose presale is approaching $10 million. Solana rallying Solana has outpaced other top 10 players when writing, adding 7.08%. It is also up 28% this week. Solana is the fifth largest cryptocurrency, with a $45 billion market cap and a $2.9 billion 24-hour trading volume. Its…