Tag: Solana

Solana Up 13% Since Yesterday, A Sign Of Brighter Things to Come?

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The touted “Ethereum killer” Solana has been on the down-low since its association with the collapsed exchange FTX. However, it seems as though 2023 has new plans for the struggling ecosystem with its native token SOL up by 13% based on CoinGecko figures, Tuesday. This huge uptick in price led to SOL reclaiming double digits after dipping as long as $7.96 back in December 29.  A Breath Of Fresh Air For Solana After the ecosystem lost most of its value last year, this price pump is a breath of fresh…

SOL Jumps 15% In 24 Hours As Solana Receives Support From Ethereum Founder

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Solana (SOL) has been completely engulfed in FUD since the FTX crash. This invariably resulted in the price of the token declining much faster than the rest of the market, and last week, SOL touched single-digit values for the first time in almost two years. However, there seems to be a turn in the tide for the digital asset as it receives support from Vitalik Buterin. Vitalik Buterin Offers Support To Solana  Taking to Twitter, Ethereum founder Vitalik Buterin expressed support for Solana for the first time. Solana which had…

Solana Continues Its Freefall

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Solana has been on a freefall since the collapse of FTX and has not been able to move upwards because of the FUD (fear, uncertainty and doubt) surrounding the ecosystem and its connections with the former crypto exchange. According to recent news, Solana’s native token SOL has dropped 51.14% since the day FTX fell from grace.  Solana: Dead Or Not Dead?  The current situation might be confusing to investors. Based on data by CoinGeko, the token shot up by 5.4% in the past 24 hours which might be a signal…

Ethereum founder says he hopes Solana gets a ‘chance to thrive’

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Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.” Buterin also expressed hope that the Solana community “gets its fair chance to thrive.” Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain…

Solana and Associated Tokens Down Over 96% From All-Time Highs As SOL Gets Delisted From Crypto Exchange

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Smart contract platform Solana (SOL) and other digital assets associated with it continue to freefall as a crypto exchange platform announces it’s going to delist them. According to crypto reporter Colin Wu, crypto exchange Matrixport will delist SOL and its accompanying digital assets starting December 30th, a move that sent the already-ailing cryptocurrencies on another downswing. Wu says that Matrixport will also not consider launching SOL products in the future. “Matrixport, the asset management platform founded by Jihan Wu, announced that it will delist SOL and SOL-U dual-currency investment products…

Ethereum-Killer Solana Down 96% in 2022, Drops Out of Top 20 Crypto List

Despite a major correction in SOL price after the implosion of FTX, Ethereum co-founder Vitalik Buterin believes that Solana has a bright future. The year 2022 has been one of the most dreadful years for crypto market investors and Ethereum-killer Solana is particularly going through a very rough phase. On Thursday, December 29, the Solana (SOL) price tanked a further 17% moving all the way to $8.5 levels. The SOL cryptocurrency also dropped out of the top 20 crypto list, however, it has partially recovered from there as well. As…

Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?

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Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak  On the daily chart, SOL’s price rebounded to around $10.25, up over 20% from its previous day’s low of approximately $8.  SOL/USD weekly price chart. Source: TradingView Nevertheless, the intraday recovery did little to offset the overall bear trend — down 97% from its record peak of $267.50 in November 2021, and down over 20% in…

Cardano (ADA) Invests in Major Web3 Projects OAK Network and SubQuery Network, DeGods and y00ts to Wave Farewell to Solana (SOL), Snowfall Protocol (SNW) Reaches New Price Milestone

Place/Date: – December 30th, 2022 at 4:57 am UTC · 3 min read Source: Snowfall Protocol Being constantly developing in the crypto market goes hand-in-hand with being at the forefront of innovation. In this day and age, it is essential to stay ahead of the competition if you want to be successful. That’s where Snowfall Protocol (SNW) comes in. This platform offers a better experience than Solana (SOL) and Cardano (ADA). So what makes Snowfall Protocol (SNW) so special? Read ahead to find out. Cardano (ADA) to Expand to Web3…

Solana Suffers Double-Digit Losses, Is There An End In Sight?

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Solana has been on a depressing downtrend ever since the FTX crypto exchange imploded. The asset has already lost a massive chunk of its all-time high value but the onslaught looks to be far from over. In the last seven days, the losses for the digital asset have ramped up, dragging its price down into single-digit territory. Solana Posts More Than 20% Losses According to crypto data aggregator Coinmarketcap, the price of Solana is down more than 20% in the last 7 days alone. These losses align with the general…