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Solana News
TronWeekly
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Solana (SOL) Price Shows Signs of Strength, Could Be Poised for Breakout
- Solana (SOL) cryptocurrency shows signs of bullish reversal after holding strong above $114.57 support level.
- Technical indicators like RSI and AO hint at a potential breakout, with targets at $135 and possibly $180.
- Early Bitcoin investor Davinci Jeremie predicts a 20x surge, driven by Solana's growing meme coin ecosystem.
- Solana experiences significant growth in DeFi sector, with Total Value Locked (TVL) reaching $56 million.
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Cryptopotato
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Simulation Game ‘Infected’ Leaves Base for Solana Over Transaction Bottlenecks
- The team behind Infected, a speculative pandemic-simulation game, is migrating from Ethereum's Layer-2 network Base to the Solana blockchain.
- The decision was made due to Base's inability to handle transaction volume during the game's launch and concerns about the scalability of EVM-based chains.
- Many users experienced failed transactions and were unable to participate, impacting the game's momentum and user experience.
- The shift to Solana was driven by its culture, user base, and feedback from players, positioning it as the best infrastructure for high-volume, consumer-facing applications.
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Newsbtc
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Ethereum, Solana And Cardano Trend After Crypto Crash – Here’s What You Should Know
- Ethereum (ETH), Solana (SOL) and Cardano (ADA) have managed to hold their ground and are now leading the charts as the most trending coins in the market after the crypto crash.
- Solana (SOL) is back in the headlines, with increased speculative predictions and notable activity within the Solana network.
- Ethereum (ETH) is trending due to its prolonged price slump, ongoing transition to Ethereum 2.0, and increased discussions about its market analysis, scalability, and adoption.
- Cardano (ADA) is also seeing renewed attention with an influx of mentions surrounding its market trends and future price action, while Binance Coin (BNB) is showing up in technical forecasts.
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Livebitcoinnews
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BlackRock May Launch XRP and SOL ETFs, Says Insider
- BlackRock, the world’s largest asset manager, may soon offer Exchange-Traded Funds (ETFs) for XRP and Solana (SOL).
- Major financial institutions are currently building towards launching ETF products for digital currencies despite the lack of movement from BlackRock.
- Grayscale, as one of the leading cryptocurrency investment companies, submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the creation of a Solana ETF.
- XRP and Solana demonstrate promising market dynamics supported by increasing institutional participation, which indicates their development potential in international financial sectors.
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Livebitcoinnews
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PayPal Adds Chainlink and Solana to Crypto Offerings
- PayPal is expanding its cryptocurrency services by adding Chainlink (LINK) and Solana (SOL) to its platform.
- Users of PayPal and Venmo can now buy, sell, and transfer LINK and SOL through their digital wallets.
- PayPal aims to enhance the usability of digital money and provide users with different payment options.
- The gradual rollout of LINK and SOL access will ensure operational efficiency across user bases.
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Livebitcoinnews
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Fidelity Spot Solana ETF Gains SEC Momentum
- Fidelity Investments receives SEC approval for its spot Solana ETF application, marking a breakthrough for Solana-based exchange-traded products.
- The approval opens the door to further institutional investment in Solana and may accelerate the altcoin's upward movement.
- The SEC's acknowledgement indicates progress in the regulatory landscape for cryptocurrency ETFs.
- If approved, Fidelity's Solana ETF could introduce institutional investment into Solana, increase liquidity, and instill more confidence in the altcoin.
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Hackernoon
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Solana Needs to Fix Its MEV Problem
- Solana recently addressed its inflation rate and staking through a governance vote, showcasing smooth decision-making abilities.
- MEV bots pose a significant challenge to Solana's vision of being the 'Nasdaq on the blockchain.'
- MEV involves extracting additional profit from transactions, often leading to losses through front-running and sandwich attacks.
- Solana has experienced an increase in MEV activity since 2024, particularly with sandwich bots impacting trader profits.
- MEV issues are inherent to blockchains, but Solana's speed and architecture naturally eliminate certain types of MEV potential.
- Efforts to mitigate MEV on Solana have included off-chain auction mechanisms by Jito, though challenges persist in protecting end-users.
- Centralization risks arise from MEV revenue concentrating in few entities, potentially undermining Solana's decentralization.
- Addressing MEV on Solana requires a multifaceted approach involving protocol changes, MEV protection tools, and social layer interventions.
- Emerging solutions on Solana include sandwich-resistant AMMs, swap features with reduced execution time, and dynamic slippage adjustments.
- Achieving a better network environment on Solana involves combining MEV protection, protocol enhancements, and community-driven influence.
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Crypto-News-Flash
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SEC Acknowledges Fidelity’s Solana ETF, Approval Odds Jump to 89%
- The SEC has acknowledged Fidelity's application for a spot Solana ETF, starting the official review process.
- Fidelity joins several major asset managers competing to launch a Solana-based ETF.
- The filing submitted through Cboe BZX Exchange seeks to propose a new rule that will permit the Fidelity Solana ETF to list and trade.
- Polymarket places the chances of a Solana ETF being approved by 2025 at 89%, up from 77 % at the beginning of the year.
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Cryptoticker
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Should You Buy Solana Now or Wait?
- Solana (SOL) price is currently in a critical phase around $117-$120.
- On the daily chart, SOL is in a downtrend, with the price below major moving averages.
- The hourly chart indicates short-term bearishness, with resistance near $121-$123.
- Key support levels are around $116, while a breakout above $140-$145 could validate a bullish trend.
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TronWeekly
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BlackRock Plans to Introduce Spot XRP and Solana ETFs, Insider Reports
- BlackRock is reportedly planning to introduce spot ETFs for XRP and Solana.
- The launch of XRP's ETF depends on the resolution of Ripple's legal case with the SEC.
- BlackRock aims to lead in altcoin ETF releases and capitalize on growing institutional and retail demand.
- The company plans to launch multiple spot ETFs, including XRP and Solana, through 2025.
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TronWeekly
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Solana Rebounds—Watch $147 for Double Bottom Confirmation
- Solana (SOL) has rebounded from a support level at $112, but confirmation needs a break above $130 and $147.
- Whale wallets unlocked 1.79M SOL worth $206M, with 420K tokens sold, posing downside risk.
- SOL faces resistance near $124, with RSI at 41.17 and bearish MACD, indicating weak upward momentum.
- Market analysts remain cautious until a true bullish reversal pattern is confirmed and advised to avoid premature labeling of double bottom.
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TheNewsCrypto
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Solana Faces Market Volatility, Drops to $120 Amid Uncertainty
- Solana dropped over 1.9% in the past 24 hours and hit a new low of $120 amidst market volatility.
- After reaching an all-time high of $294.33 in January, Solana has faced challenges like network congestion and market corrections, resulting in a 19% price decline in the last ten days.
- Solana's price movement has been limited, with low trading volumes, trading between $120 and $124, and struggling to break a key resistance level at $135.
- Technical analysis indicates bearish pressure on SOL, with the primary support level projected at $97.69 and the possibility of further decline to $110.
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TheNewsCrypto
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PayPal Expands Crypto Access with Solana and Chainlink Integration
- PayPal has added Chainlink (LINK) and Solana (SOL) to its supported cryptocurrencies.
- Users in the United States can buy, sell, hold, and send LINK and SOL on PayPal and Venmo.
- PayPal's expansion into crypto supports its bet on digital currencies and Web3 technology.
- Chainlink is known as a leading data, compute, and cross-chain interoperability platform, while Solana is a fast performance blockchain supporting various applications.
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Newsbtc
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Is The Solana Bottom In? Experts Answer
- Crypto analyst Scott Melker highlighted a critical support-resistance setup for Solana (SOL), emphasizing a bounce off of $112 support.
- For a bullish double-bottom pattern to validate, a breakout above the downtrend line (currently around $130) and a breach of the critical level at $147 would be required.
- Concerns arise with the large unlocks of staked SOL, with $200M unlocking in a single day.
- Despite holding above $100, Solana's current position is considered precarious, and further downside potential exists.
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Pymnts
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PayPal and Venmo Add Chainlink and Solana to Cryptocurrency Offerings
- PayPal and Venmo users can now buy, hold, sell and transfer Chainlink (LINK) and Solana (SOL) cryptocurrencies directly.
- The addition of LINK and SOL was in response to customer feedback.
- Users will start seeing LINK and SOL available for purchase in the upcoming weeks.
- PayPal aims to provide greater flexibility and choice for users in buying, sending, or spending digital currencies.
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