Tag: Solana

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,…

Bullish Price Formation For Solana

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Solana (SOL) has experienced a notable downturn recently, unable to sustain itself above the $32 mark. The altcoin remains below a strong resistance level, but a potential breakthrough could lead to a 20% price appreciation. In the last 24 hours, SOL saw a modest surge of 2.2%, but its performance on the weekly chart shows minimal upward movement. Despite the challenges, there are two essential bullish signals to consider: the morning star reversal sign and a bullish pennant formation. These signals suggest that if SOL surpasses the immediate resistance, the…

Solana (SOL) Records Positive Moves As Bears Took Control

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The crypto market witnessed heightened volatility last week, with most coins observing steep declines. However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable among all.  Solana’s native token, SOL, recorded over 3% price growth over the past 24 hours, while others, like Bitcoin, barely crossed 1%, given the significant increase. The Ethereum killer is now number 9 among the top-gaining coins today. However, considering the steep volatility index, whether SOL bulls can sustain today’s rally…

Solana Hints At Potential Fresh Rally To $30

Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price might continue to rise steadily toward the $30 zone in the near term. SOL price is showing positive signs above the $24 level against the US Dollar. The price is now trading near $25 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move…

Credix Brings Opens Private Credit Pool on Solana (SOL) With 11% Yield

Colombia-based fintech firm Clave and its affiliate Liquitech underwrite and originate the loans in Colombian pesos via a bankruptcy remote trust and pledge the receivables as collateral. The underlying private note is settled through the Credix platform in USDC stablecoin. CESCE Colombia, subsidiary of Spanish Export Credit Agency, insures the receivables. Source

Solana game developer Automata announces mass layoffs

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Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022. According to the July 24 announcement on Discord, Michael Wagner, CEO and co-founder of ATMTA, said the restructured team will instead shift its focus to “delivering SAGE and the newly announced Crew Mobile App.” Meanwhile, the development of a software development kit (SDK) combining Unreal Engine 5 and Solana will “resume at a significantly…

Solana network reports 100% uptime with only 1 outage in Q2

The Solana Foundation reported 100% uptime since February, a significant improvement compared to last year’s outages. According to the performance report released on July 20, Solana improved uptime and the ratio of voting-to-non-voting transactions. Since Feb. 25, the network has achieved 100% uptime, marking a quarter without outages. This is a significant improvement from a single outage in February that knocked the network offline for nearly 20 hours. Solana network’s monthly uptime for H1, 2023 | Source: Solana In the past years, Solana has been grappling with issues concerning reliability…

Solana records 1 outage in first half of 2023, 100% uptime in Q2

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Layer-1 blockchain network Solana has shown an improvement in reliability and uptime so far this year only having one outage in 2023, according to a report from the Solana Foundation. On July 20, the Solana Foundation released its latest performance report stating it has improved the network through the first half of 2023, as measured by uptime and the ratio of non-voting-to-voting transactions. In previous years, Solana has been plagued with reliability and uptime issues which its co-founder, Anatoly Yakovenko, has previously called a “curse” but said the network’s low-cost…

Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire

“We are very excited for Cosmic Wire’s Web3 infrastructure to be built on the Solana network,” said Johnny Lee, general manager of games, entertainment, and media at Solana Foundation, in a press release. “Their metaverse SDK solutions significantly reduce development times of high-fidelity, 3D, browser-based metaverse experiences with e-commerce of both physical web3 digital products, content CDNs [content delivery networks], payment solutions and avatar UGC [user generated content] all integrated,” Lee added. Source