Tag: Solana

Maple Finance Raises $5M From BlockTower, Tioga; Restarts on Solana (SOL)

“This funding round marks a pivotal moment in our evolution as we embark on a strategic expansion into the APAC (Asia-Pacific) region as part of a comprehensive growth plan for Maple,” CEO Sidney Powell said in a statement. “The network is poised to further scale its technology and forge partnerships that enable compliant and seamless lending and borrowing adoption across the APAC region, specifically in Singapore, Japan, Hong Kong and Korea,” Powell added. Source

Solana Price Sparkles With 9% Increase

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Solana (SOL) has managed to shake off recent price dips, rekindling bullish optimism among investors. This resurgence comes on the heels of a determined effort by sellers to flip the altcoin’s trajectory bearish, following a price rejection at the critical $29 resistance level.  However, SOL’s retreat from this resistance proved to be a strategic move as it found support in the bullish order block (OB) at $22, setting the stage for a renewed uptrend. SOL’s journey from the formidable $29 price mark to the bullish order block at $22 was…

Solana Cuts Saga Price By 40%, Case For SOL YTD High Rises

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Solana Mobile, a subsidiary of Solana Labs, announced a significant 40% price reduction for its Saga smartphone, slashing the price from its initial $1,000 to a more affordable $599. This move comes just four months after the phone’s launch, sparking a flurry of reactions from the crypto community. The official statement from the company suggests that the price cut is a strategic move to foster wider adoption of mobile web3 and to enhance the user experience for the Solana mobile community. However, on-chain data paints a slightly different picture. According…

Solana Could Soon Surge Past $25

Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price rally toward $30 if there is a close above $25.65. SOL price is showing positive signs above the $23.80 level against the US Dollar. The price is now trading above $24 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $23.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move up if it…

Solana Leads Gains Among Top Coins, Is $30 Milestone Possible?

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The price of Solana (SOL) has fluctuated a lot in the past week, like many other cryptocurrencies in the market. SOL is currently trading above $24, gaining 8.01% in its price in the past 7 days with over $376 million in trading volume in the past 24 hours.   The coin’s movement has now sparked speculation among investors about the imminent breach of the $30 resistance threshold.  Factors That Could Influence SOL’s Price Solana has seen significant growth in terms of its total value locked (TVL). According to Data from…

Solana Beats Out Ethereum To Emerge As Best Performer In Terms Of TVL

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Ethereum is currently dominating the DeFi and smart contract niches when it comes to the Total Value Locked (TVL). However, while Ethereum is still the king, other chains like Solana, Avalanche, and Polkadot compete to prove themselves worthy contenders to the throne.  Solana, in particular, has seen some massive growth recently in terms of its total value locked (TVL). According to on-chain data from Messari, Solana outperformed other chains by achieving a total value-locked (TVL) gain of 14% over the course of the previous month. Solana Sees Massive Growth in…

Solana and Cardano navigate through market turbulence, Borroe registers growth

As Solana (SOL) and Cardano (ADA) struggle to gain momentum, stage 1 of the Borroe presale is ongoing after completing its beta phase. Experts retain a bullish outlook on ROE, saying it could outperform the market, driven chiefly by its use case. Solana breaks above $23 Solana’s performance is mixed. It recently broke above $23 but is down 6.5% in the past week. Nevertheless, experts believe SOL is oversold and may recover in sessions ahead. Some investors are convinced that the release of Solang, a software for developers to build apps on…

Mango Markets, Crypto Exchange Atop Solana Blockchain, Sees Legal Bills Swell a Year After Alleged $116M Heist

According to the website Realms, there’s about $89 million in the Mango DAO treasury, but most of that is denominated in MNGO tokens, and the market for those might not be liquid enough to sell them quickly and easily. Project insiders say that the main source of funding would likely come from a $15.3 million stash of dollar-linked stablecoins within the Mango Dao treasury, primarily denominated in USDC. Source

Solana Products See Strong Inflows; Bitcoin, Crypto Lose $107M

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The past week has painted a vivid picture of shifting investor sentiment worldwide. While Bitcoin and the broader cryptocurrency market witnessed a significant outflow of funds from investment products like ETPs, ETFs and funds, Solana (SOL) emerged as a beacon of hope for altcoin enthusiasts. A Dive Into The Numbers By Crypto Products Digital asset investment products experienced a net outflow of $107 million this week, a figure that underscores the growing trend of profit-taking that has been evident in recent weeks. “Digital asset investment products saw outflows this week,…

Solana Price Could Surge To $30 Upon Overcoming This Resistance

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The Solana price experienced notable gains in mid-June, but a recent correction phase has pulled it down to $22, which has found strong support. The technical outlook currently leans towards the bears, suggesting a potential slight dip before a possible turnaround. The altcoin attempted to rise from the support level in the past week, but the bullish momentum waned. Despite the chance of a rally due to a demand zone below $22, a new resistance at the $25 level may pose a challenge. As Bitcoin slipped into the $29,000 range,…