Bitcoin and ether, the two largest cryptos in market value, had a quieter day, falling about 2% and 1.3%, respectively, over the past 24 hours. BTC remained comfortably over its most recent $20,000 support level after jumping over $21,000 late last week as investors’ looked with hope at signs the U.S. Federal Reserve would scale back from its current diet of hefty, 75 basis point interest rate hikes. ETH continued to hover well above the $1,500 threshold it retook about two weeks ago. Source
Tag: Solana
Can Solana (SOL) Sustain Its Google-Triggered Price Rally?
Solana (SOL) has been among the top gainers for the past weekend. This was due to the bullishness that followed the announcement that Google was now running Solana nodes. As expected, the price of the digital asset rallied in the time following the announcement, rising more than 15% to finally cross the $38 mark for the first time in almost two months. But as the market ushers in another trading week, can SOL hold its gains? Solana Sees Slow Start The beginning of the new week has come with some…
Market Wrap: Solana Plunge Highlights Major Cryptos’ Day in the Red
The native token of the Solana protocol recently fell over 6%; bitcoin and ether dropped more modestly as investors await the midterm elections and latest inflation data. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Source
Solana Falls and Speculation Centers on Links to Sam Bankman-Fried’s FTX, Alameda
The SOL token fell 4.7% in the past 24 hours, and crypto traders are forming all sorts of theories as to why. Source
Aplicaciones de Ethereum podrían lanzarse pronto en su competidora Solana
Neon Labs presentará su “máquina virtual de Ethereum” para Solana el 12 de diciembre, dijo a CryptoX Marina Guryeva, CEO de la compañía. EVM, como se la conoce por sus siglas en inglés, es el motor estandarizado que impulsa las aplicaciones de finanzas descentralizadas (DeFi) en Ethereum y muchos otros ecosistemas, excepto Solana, que siguen una infraestructura diferente. Source aplicacionescompetidoraEthereumlanzarsepodríanprontoSolana CryptoX Portal
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Co-Founder Of Solana Speaks On Blockchain Outage And Reliability Issues
Solana is one of the trending blockchains. It emerged to offer similar operations as Ethereum while improving on some of its faults. The notable feature of SOL is its fast processing capacity, as the network claims to process over 65.000 transactions per second. Also, it offers high scalability, among other functionalities. Throughout this year, Solana displayed several reliability issues and outages. The network has suffered up to 10 partial or complete outages in 2022 and some slow block times. Anatoly Yakovenko, the co-founder of Solana, has reacted to the reliability…
Ethereum Apps Could Soon be Launching on Competitor Solana
Neon Labs will launch its “ethereum virtual machine” for Solana on December 12, CEO Marina Guryeva told CoinDesk. EVM is the standardized engine that powers decentralized finance (DeFi) apps on Ethereum and a handful of other ecosystems, sans Solana, which follows a different infrastructure. Source
Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT?
Amidst the turmoil surrounding crypto exchange FTX, there is currently one big loser, Solana (SOL). While the FTT token is at the center of discussions for many market observers after Binance CEO Changpeng Zhao announced to sell all FTT tokens, SOL is seeing a massive -12% drop in price over the last 24 hours. Even the FTT token is currently posting a loss of just under -3%. So what is driving the SOL sell-off ? Just a few days ago, SOL experienced a massive price spike after Google announced the…
Solana erases its ‘Google rally’ gains but a 50% SOL price recovery is still in play
A recent price rally in the Solana (SOL) market ran out of steam midway as traders’ attention shifted to crypto-focused hedge fund Alameda Research’s insolvency rumors. Alameda Research insolvency rumors affect SOL On Nov. 7, SOL’s price plunged nearly 6% to about $30.50. The intraday selloff came as a part of a broader pullback trend that started on Nov. 5 when SOL peaked at around $38.75. Between then and now, the Solana token is down over 20%. SOL/USD daily price chart. Source: TradingView The beginning of SOL’s plunge coincided with…