Tag: Solana

Coinbase to Start Offering Solana and Avalanche Futures Contracts from November 14

SOL-PERP and AVAX-PERP markets will be launched on Coinbase International Exchange and Coinbase Advanced starting November 14. Coinbase, a leading cryptocurrency exchange, revealed its plan to introduce perpetual futures contracts for two major altcoins, Solana (SOL) and Avalanche (AVAX). The exchange will feature SOL-PERP and AVAX-PERP markets on Coinbase International Exchange and Coinbase Advanced starting November 14, pending favorable liquidity conditions. Perpetual futures, a derivative contract allowing indefinite speculation on asset price movements, offer traders advantages such as arbitrage, leveraging, and hedging opportunities. @CoinbaseIntExch will add support for Solana and…

SOL Price Uptrend To Continue? Can Bulls Send Solana To $75?

Solana rallied above the $50 resistance against the US Dollar. SOL price is consolidating gains above $55 and might extend its rally above $65. SOL price started a major rally above the $50 resistance against the US Dollar. The price is now trading above $55 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with support near $51.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could restart its rally if it clears the $60.00 resistance zone. Solana…

Solana soars over 175% despite ongoing FTX troubles

Coinciding with the crypto market’s newfound bull run, Solana (SOL) has made significant strides, rising by over 175% in the last 30 days. The recent crypto market upturn has not only propelled Bitcoin (BTC) to an 18-month-high but also triggered massive gains for Solana, effectively pushing it over the $20 billion market cap milestone.  FTX wallets unstake $160M in SOL Recently, analysts at Lookonchain reported a substantial unstaking of $160 million worth of SOL from FTX-linked wallets. This move resulted in a dip in the price of Solana’s native SOL…

Why is Solana price up this week?

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The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58.  That is Solana’s best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphoria and growing appetite for risk overall. Solana (SOL) weekly price chart. Source: TradingView FTX-dump fears fails to shake Solana bulls Solana’s rise coincides with the daily selling of 250,000-750,000 SOL tokens by FTX bankruptcy estate in the last two weeks. FTX has been selling between 250k-700k…

Solana Breaks Past $54 On Steady Price Momentum

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Solana is distinguishing itself in the crypto market, with a remarkable 50% monthly gain and an extraordinary 450% year-to-date increase, contributing to the overall surge in optimism. This trend is further amplified by Bitcoin’s ascent beyond $37,000 and its ambitious aim to reach $40,000 by year-end. Solana’s standout performance adds a notable dimension to the current positive sentiment prevailing in the cryptocurrency space. In an early morning rally, Solana broke the $50 barrier, marking its highest point since May 22, 2022. This exceptional performance underscores growing confidence in the crypto…

supporters of NuggetRush, Solana, and Arbitrum bullish

NuggetRush (NUGX) offers an immersive play-to-earn (P2E) experience where users mine minerals and earn valuable rewards. It includes non-fungible token (NFT) characters, realistic gameplay, and plans for an active marketplace. Solana (SOL) achieved a milestone by making its nodes deployable on Amazon Web Services (AWS) through the Node Runner app, enhancing accessibility and integration. Arbitrum (ARB) and Gitcoin Winter are launching three donation programs, including The Arbitrum Citizens Retrofunding Round #1, where the community will distribute 100,000 ARB to those impacting Arbitrum DAO. NuggetRush (NUGX) blends adventure, NFTs, and real-world…

Solana price hits a new 2023 high — What’s behind the SOL rally?

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Solana’s native token, SOL (SOL), experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX’s bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the failed exchange’s assets, which included 55.75 million SOL, in September 2023. Investor enthusiasm for SOL’s price increase may be attributed to the fact that some of the tokens from the bankruptcy proceedings are either vested or locked. Furthermore, there’s a weekly…

Solana (SOL) Price Rallies 20% in a Day, Erasing Woes of Past 18 Months

CryptoX – Cryptocurrency Analysis and News Portal SOL’s price jump could prove to be a win for the many creditors of FTX. The asset is now trading in a range that will make customers of the crypto exchange whole, according to Thomas Braziel, the CEO of 117 Partners, a company that closely follows the distressed asset markets. Sam Bankman-Fried was just convicted for stealing that customer money. Source The post Solana (SOL) Price Rallies 20% in a Day, Erasing Woes of Past 18 Months appeared first on CryptoX. CryptoX Portal

Solana Price Could Reach $1,000, Analyst Explains Why

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Crypto analyst Jacob Canfield has laid out a comprehensive analysis, suggesting Solana (SOL) could be on the brink of an unprecedented market surge. “In my opinion, I think that Solana is going to continue to be one of the biggest movers during this current bull market cycle,” Canfield states, proposing that Solana could potentially escalate its market dominance to the 12-15% range. Can Solana Hit $1,000? Canfield bases his analysis on several indicators. He highlights the Solana Dominance (SOL.D) chart, noting that at the peak market cap, it didn’t even…