Tag: Solana

Solana rising as network activity spikes, BTCMTX presale gains momentum

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s native SOL token has seen an 8% jump from yesterday’s low, taking price back above the $70 level. This comes amid rising network activity and transactions on the blockchain, helping push Solana’s market cap back above $30.5 billion. Meanwhile, the new altcoin Bitcoin Minetrix (BTCMTX) continues to gain ground in its viral presale phase, with many experts speculating it could pump after listing on mainstream exchanges. Solana rebounds…

Solana Price Drops Under $70, Watch Out These Key Support Levels for SOL

Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3% slipping under $70. SOL is trading nearly 10% down from its 2023 peak attained last week, however, it still maintains 13% gains on the weekly charts. Solana price continues to maintain its position above $66.…

SOL Price (Solana) Signals Short-Term Top, Here Are Key Supports To Watch

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Solana surged toward $80 before the bears appeared. SOL price is now correcting gains but the bulls might remain active near the $65 support. SOL price started a major rally above the $65 resistance before the bears appeared against the US Dollar. The price is now trading above $65 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could accelerate lower if there is a…

Solana memecoin Bonk flips Pepe following 370% monthly gain

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A Solana-based dog-themed memecoin called Bonk (BONK) has now become the third-largest memecoin by market capitalization, surging past that of fellow memecoin Pepe (PEPE) on Dec. 8. Bonk’s recent price growth — 370% in the last month — has seen its market cap grow to $762 million, compared to Pepe’s current $675 million market cap, per CoinGecko data. In the past 30 days, BONK has grown from $0.0000028 to $0.000012 as traders rushed to capitalize on a new wave of interest in the Solana ecosystem. Bonk’s price has grown 370%…

Top cryptos to watch this week: Jito, Solana and Avalanche

The global crypto market cap surged 7.9% this week, from $1.52 trillion to $1.64 trillion. While Bitcoin (BTC) largely catalyzed this impressive run with its push above $44,500, assets such as Jito (JTO), Solana (SOL) and Avalanche (AVAX) also made their unique contributions. Jito pushes for $5 on debut Jito, a liquid staking platform built atop the Solana blockchain, released its governance token JTO this week. JTO’s earliest trading price was $2.04 on Dec. 7, per data from CoinMarketCap. JTO price – Dec. 10 | Source: CoinMarketCap The token immediately…

Why is Solana (SOL) price up this week?

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Solana’s native token (SOL) surged by 17% between Dec. 7 and Dec. 8, reaching its highest level since May 2022. SOL’s fate changed dramatically on Dec. 1 when Brian Armstrong, CEO of Coinbase, revealed a plan to integrate the Solana network, including its tokens, although no specific date has been provided. This news sparked interest in Bonk (BONK), a Solana SPL meme token listed on Bybit, KuCoin, and Solana’s decentralized exchange, Orca, which gained 236% between Dec. 1 and Dec. 8. On Dec. 6, Coinbase exchange announced the listing of…

Armenian cultural heritage sites get tokenized on Solana blockchain

The project “Realm of Historia” recently announced its intentions to make strides in preserving Armenian cultural heritage through leveraging the use of blockchain technology and nonfungible tokens (NFTs). In a departure from conventional methods, this initiative seeks to digitize historical artifacts and physical historical sites, starting with the “Realm of Historia: Carahunge X” digital asset collection. Cointelegraph spoke with the two creators of Realm of Historia, Ivan Grantovsky and Ivan Krylov, about how emerging technologies can preserve culture and connect new generations with history. Source: Realm of Historia At the…

Ethereum, Solana Prices Hit 19-Month High, Bitcoin Expected to Reach $50K

Santiment revealed that despite a price drop, Bitcoin can reach $50,000. Ethereum and Solana have managed to hit the highest levels in more than one year and a half.  ETH price now is $2,353 while SOL is trading at around $71. At the same time, Bitcoin (BTC) has decreased to $43,000 again. However, experts believe that there are clear indicators that may hint at $50,000 for BTC price soon. More details will be added soon. next Altcoin News, Bitcoin News, Blockchain News, Cryptocurrency News, Ethereum News Thank you! You have…

Why Is Solana Price Up Today? 4 Major Reasons

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The Solana (SOL price has risen by more than 14% in the last 24 hours and is now trading above $71. Here are the major reasons for SOL’s latest price rally. #1 Solana Price Follows Bitcoin’s Chart Pattern The Solana price is on the verge of mirroring the price action of Bitcoin (BTC) from last week. Crypto Analyst Jelle highlighted the similarities in a post on X. He stated, “In bull markets, the simple patterns suddenly start working again. Can SOL follow in Bitcoin’s footsteps? […] Simple patterns still work.…

Bitcoin may hit $50K on altcoin ‘FUD’ as Ethereum, Solana beat gains

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Bitcoin (BTC) struggled to hold above $43,000 into Dec. 8 as an altcoin surge put Ether (ETH) in the spotlight. BTC/USD 1-hour chart. Source: TradingView ETH, SOL step up as Bitcoin takes liquidity Data from Cointelegraph Markets Pro and TradingView showed ongoing BTC price consolidation as ETH/USD added up to 7.6% in around 24 hours. Bitcoin, having tapped new 19-month highs of $44,490 earlier in the week, now troubled market participants as both ETH and Solana (SOL) stole attention. $BTC Binance Spot Bids sold into and filled it seems Decent…