Solana was trading close to 15% higher on Tuesday, as crypto markets were mostly in the green to start February. This comes as markets look set to move past January’s red wave. Biggest gainers Cryptocurrency markets were mostly bullish during Tuesday’s session, with several projects seeing their value rise to start the new month. One of these was solana (SOL), which, as of writing is up 14.04%, hitting an intraday high of $108.32 in the process. This move comes as SOL/USD broke out of its resistance level of $100 for…
Tag: Solana
Coachella Music Festival to Launch Solana NFTs in Deal With FTX
The first set, called the Coachella Keys Collection, consists of just 10 tokens, each offering lifetime festival access and other VIP goodies (among them, a “celebrity chef dinner”). There’s also the Desert Reflections Collection – 1,000 tokens priced at $180 each, which buyers can redeem for a physical copy of a Coachella photo book – and the Sights and Sounds Collection, which mostly just gets you the token and audiovisual accompaniment. The Sights and Sounds NFTs are priced at $60 each, and will launch in an edition of 10,000. Source
‘Pay’ Product Looks to Boost Stablecoin Payments on Solana
Cryptocurrency’s original use-case – payments – are getting a boost on the Solana blockchain. New software co-developed by Solana Labs intends to help merchants accept crypto payments over the Solana network. Checkout.com, Circle and Citcon are supporting “Solana Pay,” which debuted Tuesday with integrations with FTX and ecosystem wallets Phantom and Slope. The software development kit (SDK) takes crypto in and spits crypto out. Obvious, maybe – but a notable difference from some of the market’s better-known crypto-to-fiat rails. Virtually every merchant paid with a “crypto credit card” sees their…
SOL Surges 17% After Coinbase Lists Two Solana Ecosystem Tokens
Solana’s SOL jumped 17% in the past 24 hours to regain the $100 and above level after Coinbase listed two other tokens of the Solana ecosystem. The crypto exchange said on Monday it would list ORCA and FIDA, tokens of Solana-based decentralized exchanges Orca and Bonfida respectively, as reported. The move marked the first time non-Ethereum assets were listed on Coinbase. It previously only stuck to list tokens built atop the Ethereum blockchain or the native tokens of blockchains, such as Avalanche (AVAX) and Solana. nice, @coinbase supports @solana SPL…
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Bottom ahead? Solana paints its first ‘death cross’ as SOL losses 50% in January
Solana (SOL) looks poised to paint its first “death cross” this week, raising fears that its ongoing selloff would continue further into February. Real selloff threat Notably, the SOL price’s 50-day exponential moving average (50-day EMA; the red wave) will eventually close below its 200-day EMA (the blue wave), signaling a bearish crossover, called death cross, that typically prompts traders to sell. SOL/USD daily price chart featuring its 50-200 EMA death cross. Source: TradingView The threat surfaces as SOL looks to close January at nearly a 50% loss — as…
Solana ecosystem wallet Phantom raises $109M
Software wallet and browser extension Phantom has raised $109 million in Series B financing to continue expanding its cross-platform capabilities beyond Solana. The funding round was led by Paradigm, an investment firm focused on cryptocurrency and Web3 companies. Other venture firms to have supported Phantom in prior funding deals include Andreessen Horowitz, Jump Capital and Variant Fund. According to Phantom, the funding will help to enhance the wallet’s technical capabilities, such as better app discovery, as well as allowing the company to hire additional employees. In addition to its funding…
Solana Wallet Phantom Raises $109M to Rival MetaMask
The company building Solana’s top crypto wallet is now worth $1.2 billion, Phantom announced Monday. Crypto venture firm Paradigm led a $109 investment in Phantom, CEO Brandon Millman said. It was not immediately clear who else joined the cap table, or what percentage equity they took in the upstart firm, whose main product is a Chromium browser plugin. The wallet is going mobile, too: On Monday, the company debuted its iOS app. Millman expects his 20-odd team to ship an Android offering later this year, following through on a mission…
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