Tag: Solana

Solana Price Shows Signs Of A Breakout After CPI Data Release

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The Solana price is up by 6% over the last 24 hours. As the broader market secures upward price movement, most altcoins have followed suit. The release of the Consumer Price Index (CPI), which is an important measure of inflation, showed that U.S. inflation had slowed to 7.1%, down from 7.7% in the past month, as depicted by the numbers released by the U.S. Bureau of Labor Statistics. The data has revealed that consumer inflation has fallen, pushing stock futures to rise. Owing to this report, the crypto market has…

Can Solana (SOL) and Fetch.ai (FET) Compete with Snowfall Protocol?

Place/Date: – December 13th, 2022 at 2:16 pm UTC · 4 min read Source: Snowfall Protocol Photo: Snowfall Protocol With valid reason, cryptocurrencies are constantly a popular topic of conversation! Many people want to enter the market to become wealthy. But only some cryptocurrencies can help make you rich! Thus, it is time you make room for a new player in the market: Snowfall Protocol (SNW), which is sweeping the sector and outpacing its rivals! But now the question is whether Solana (SOL) and Fetch.ai (FET) will be able to…

Solana Price Sees Downside, New Low On The Horizon?

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The Solana price slid more than 3% over the last 24 hours and landed in the red. The price of the asset has been consolidating over the past few weeks. SOL has been struggling to get past its immediate resistance mark, which is further fueling the coin’s downslide. In the last week, the altcoin depreciated by over 4%. The bulls tired out the moment Solana attempted to breach the $14 price mark. The technical outlook suggests that sellers have taken over the price action in the market. After a brief…

Have A Low Budget But Want High-Potential Coins? Here Are 3 Cost-Effective But Competitive Alternatives To Expensive Coins For You: Big Eyes Coin, Solana, And Litecoin

Place/Date: – December 11th, 2022 at 12:04 pm UTC · 4 min read Source: Big Eyes Coin 2021 was the best year in terms of trading with crypto. It was the time of the green run for the market. After 2021, many currencies have seen a downfall in their market values. Even top-tier cryptocurrencies like Litecoin (LTC) and Solana (SOL) have faced some challenges, even though it has immensely contributed to the growth of the DeFi sector. Meanwhile, Big Eyes Coin (BIG) seems to offer some distinct and adorable features…

Solana Price Falls Below $14 – Gloomy Week For The Ecosystem?

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In the previous month, Solana (SOL) has failed to make progress as the token fell victim to the market contagion brought about by the collapse of crypto exchange FTX. As of this writing, all time horizon indicators for Solana’s native token SOL are red. Since succumbing to market contagion, Solana has continued to bleed Using bearish metrics and technical indicators, we may anticipate a more negative outlook. The token and ecosystem of SOL are not looking good according to other indicators. As per LunarCrush’s data, both social media mentions and…

What To Expect From Solana (SOL) In The Homestretch Of 2022

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Solana is among the hardest hit by the demise of FTX, as the two companies have collaborated to establish Serum, a decentralized derivatives market. This led to Solana being closely associated with the Sam Bankman-Fried crypto exchange, with more than $900 million worth of SOL being held by FTX. Let’s have a quick overview: The company’s fundamentals are strong, therefore it should be able to start making money again soon. Constant pressure from technicals and bearish market circumstances keeps the price low. Metrics, though, suggest SOL is making progress in…

Solana Price Could Target $15 If It Breaches These Levels

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The Solana price has turned bullish on the daily chart. Over the last 24 hours, the altcoin has risen by 1%. SOL has logged close to a 6% gain in the last week. Although the coin depicts positive price action on the daily time frame, the bulls might fade on the weekly time frame if demand for SOL doesn’t appreciate. The technical outlook of the Solana price indicated accumulation, which meant that demand was returning in the market. The asset’s price has crossed the $14 mark, which has acted as…

FTX Disaster Triggers Major Selloff In The Price Of Solana (SOL)

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Solana (SOL), post-FTX life, has been very rough. On a monthly and biweekly time frame, CoinGecko data shows bearishness, while daily and weekly time frames show modest appreciation. What this proves is that the wounds left by the demise of FTX have not been healed by Solana’s native token. Ever since FTX collapsed, SOL has been losing a huge amount energy. As bearish signals continue to emerge from technical analysis, the price decrease is likely to continue. It’s possible that prices will fall down below the 61.80 Fibonacci level, which is…

Experts Recommend Orbeon Protocol (ORBN), Solana (SOL) and Polkadot (DOT) as Most Profitable Investments in 2023

Place/Date: – December 2nd, 2022 at 1:08 pm UTC · 4 min read Source: Orbeon Protocol Investors in Solana, Polkadot, and the new crypto project Orbeon Protocol could be the most profitable investments when the market expectedly wakes up in 2023. Everyone in the cryptosphere knows of Solana (SOL) and Polkadot (DOT), but after launching phase 2 of its presale with a 260% price surge, Orbeon Protocol (ORBN) is making waves across the crypto community. Solana (SOL) Readying Itself for a Big 2023 If the last bull season didn’t belong…

Solana Price Attempts To Bounce Back But Will It Breach $15?

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After a period of sluggish price action, the price of Solana has finally made a significant recovery on the chart. In the last week, the coin has surged over 9%. Although SOL might be moving up slowly, from a technical standpoint, the altcoin has recovered and might stage a rally in the upcoming trading sessions. Buyers were gradually re-entering the market, indicating that SOL registered accumulation. However, capital inflows remained low. With consistent upward price action, capital inflow will also register a positive change. Now that SOL has made small…