Tag: Solana

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…

Why Solana Was Decimated by Bankman-Fried’s Downfall

The consequences of growing Solana skepticism have been dire, based purely on numbers. From a peak price of $258.78 on Nov. 6,2021, Solana’s SOL token has declined to just over $10 today, Dec. 28. That’s a drop of -96.1%, vastly sharper than the drawdowns from peak for BTC (-74.5%) and ETH (-74.6%). It’s even a sharper drop, incredibly, than dogecoin has seen in the bear market – the memecoin is down a mere 76% since its October 2021 peak. Source

Prices of Eos (EOS) and Solana (SOL) Stabilizes while Orbeon Protocol (ORBN) Intensifies in the Presale

Place/Date: – December 28th, 2022 at 2:26 pm UTC · 3 min read Source: Orbeon Protocol One of the major problems of crypto markets is their extreme uncertainty. The precipitous drops in the value of cryptocurrencies like Solana (SOL) and Eos (EOS) are only one illustration of how disastrous things might turn out in the crypto markets. It’s fascinating to note that a new asset, Orbeon Protocol (ORBN), has shown an 805% price increase, with its unique use case of connecting cryptocurrencies and traditional fundraising. This article examines how Orbeon…

DeGods and Y00ts NFTs are bridging off Solana. Here’s why

Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption.  The news was announced on DeGods and y00ts Twitter page on Dec. 25, with both NFT projects expected to be officially bridged onto Ethereum and Polygon respectively in the first quarter of 2023. Rohun Vora — the creator of DeGods and y00ts who is known by the alias Frank III — said the decision was made to “explore new opportunities”…

DeGods and Y00ts NFTs are bridging off Solana: Here’s why

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Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption.  The news was announced on DeGods and y00ts Twitter pages on Dec. 25, with both expected to be officially bridged onto Ethereum and Polygon, respectively, in the first quarter of 2023. DeGods and y00ts creator Rohun Vora, known by the alias Frank III, said the decision was made to “explore new opportunities” and to allow for the continued growth of…

2 NFT Projects Plan to Transition From Solana to Alternative Blockchains – Bitcoin News

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Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon The crypto community has been discussing two crypto projects that have said the teams plan to transition their ventures from the Solana blockchain network to…

Cosmos (ATOM) Price Prediction – Solana (SOL) Surges in Market Cap, Orbeon Protocol (ORBN) Surges 655% in Presale

Place/Date: – December 26th, 2022 at 9:08 am UTC · 3 min read Source: Orbeon Protocol Many crypto projects have halted in this bear market but Cosmos (ATOM), Solana (SOL), and Orbeon (ORBN) are still standing. Orbeon Protocol (ORBN) is pretty unstoppable following a 655% increase in presale caused by a surge in demand for the project. Cosmos (ATOM) Cosmos (ATOM) is a decentralized network of independent blockchains and ATOM is the native token of Cosmos. Cosmos (ATOM) aims to build an “internet of blockchains” that can grow and interoperate…

SOL Recovery In 2023 – Will The Solana Mobile Updates Help?

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Solana is having a hard time springing back to life. Apparently, the FTX crash has negatively impacted SOL and its bearishness doesn’t seem to improve the crypto’s price. Here’s a quick look on how the crypto has been performing: FTX crash drags price down SOL price nosedives by 2.13% $200 million in crypto wiped out from Solana Foundation According to CoinMarketCap, the crypto’s price has nosedived by 2.13% or trading at $11.77 as of this writing. Evidently, it has been negative for the past few days, although there has been…