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Solana News
Hackernoon
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Solana’s Surge: Why is It Set to Lead the Blockchain Industry?
- Solana is gaining recognition as a major player in the blockchain world, with its growing popularity resulting in an impressive increase in its stablecoin supply and real economic activity.
- The primary reason for Solana's success is its speed and affordability. Transaction fees on this chain are competitively low, and the growth of DeFi opportunities is adding to its success.
- Fees per transaction on Solana are a fraction of a cent, compared to Ethereum’s $6-8 fees per transaction.
- Solana’s DeFi landscape, including protocols like Sanctum, Jito, and Kamino, is successfully attracting investors with high yields and point systems offering airdrops.
- The launch of decentralized exchanges and cross-chain bridges between Solana and other blockchain networks are bolstering the ecosystem’s strength.
- One of its most significant attributes is that it is fully community-driven, making it an authentic blockchain option.
- With the rise in stablecoins like PYUSD and Tether on Solana, the platform is in a good position to benefit from their increasing importance in global payments.
- Solana’s growth is established on genuine technological advantages and real-world benefits, and its future growth looks promising as more projects move to the platform.
- End-of-the-year predictions indicate that we can reasonably expect SOL to reach around $200 by the end of 2024, due in part to its rising popularity.
- These are personal observations and should not be taken as financial advice. Cryptocurrencies are speculative investments and involve high risks.
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Crypto-News-Flash
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ETH and SOL Headed for Major Moves, Says Peter Brandt—With Solana in the Spotlight
- Veteran trader Peter Brandt predicts a bullish breakout for Solana (SOL) and Ethereum (ETH).
- Solana has shown stronger potential as it overcomes key resistance levels and nears its all-time high.
- Despite Ethereum's dominance in DeFi trading volume, Solana has outperformed ETH in total traded volume over the past week.
- Brandt expresses a preference for Solana in the DeFi volume battle, highlighting its potential to lead the next wave of growth in the space.
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Cryptonews
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Breaking: US Spot Bitcoin ETFs See Record-Shattering US$1.37 Billion in Daily Inflows
- US Spot Bitcoin ETFs achieve record-breaking inflows following Trump’s re-election, driving Bitcoin to all-time highs.
- BlackRock’s IBIT fund alone received US$1.12 billion, significantly boosting its share of the total Bitcoin supply.
- IBIT now controls over 2% of all Bitcoin, with the ETFs combined holding nearly 5%.
- Ethereum ETFs also see increased activity, with high hopes for a possible approval of Solana ETFs amid regulatory speculations.
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NullTX
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SOLANA PRICE ANALYSIS & PREDICTION (November 8) – SOL Breaks Out Following Latest Surge, Targets July’s High
- Solana (SOL) experienced a correction last week, dipping under $160, but has bounced back strongly with a 15% surge.
- Solana has shown impressive performance with a higher high and higher low formation on the daily timeframe.
- The mid-term outlook for Solana is highly bullish following a major pump in the last 24 hours.
- The key levels to watch for Solana are $194, $210, and a major resistance level at $300.
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TheNewsCrypto
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Solana Trades Above $196 Following US Election Impact on Crypto Markets
- SOL reaches $196, marking highest level since July
- Technical indicators show strong momentum with RSI at 66.87
- Price targets $210.03 year-to-date high with key resistance at $193.34
- Recent political developments in the United States have triggered significant movement in cryptocurrency markets, particularly affecting Solana’s price trajectory.
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Altcoinbuzz
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Next 100x AI Memecoins on Solana? (DO NOT MISS)
- AI memecoins are the newest kids on the memecoins block and they are gaining more popularity than ever with Goatseus Maximus ($GOAT), which went from a $5K market cap to over $300 million in only five days.
- Truth Terminal's AI bot with Infinite Backrooms allowed AI agents, like $GOAT, to adapt and analyse data much more dynamically than traditional bots.
- Marc Andreessen, the co-founder of Andreessen Horowitz, invested $50K worth of $BTC in Truth Terminal's X account, and later clarified it as a personal, no-string-attached unconditional research grant.
- Arthur Hayes, the co-founder of BitMEX, invested in $GOAT after getting in and out of other memecoins like $PEPE or $MOTHER.
- Other AI memecoins that hold promise are $MEMESAI, $FOREST, $BLUB, $AAA, $LIQ, or $FUD, but keep in mind that memecoins are a high-risk investment and always DYOR.
- Altcoin Buzz provides this information for educational, entertainment and informational purposes only and is not responsible for any losses that may result from investments based on this information.
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TheCryptoBasic
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Brandt Expects Ethereum and Solana to Make Upside Push, But Identifies Why SOL is More Bullish
- Market veteran Peter Brandt expects both Ethereum and Solana to experience an upside push.
- Brandt suggests that Solana has a more bullish setup compared to Ethereum.
- Ethereum is encountering overhead resistance near $3,000, which could limit its immediate upside potential.
- Solana, on the other hand, has cleared critical resistance zones and is poised to establish new highs.
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TheNewsCrypto
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Can the Solana Options Launch on Binance Boost SOL to New Highs?
- Binance announces the launch of Solana (SOL/USDT) options on its Options Trading platform.
- SOLUSDT daily and weekly options will go live on November 12.
- Solana (SOL) recorded a rally towards its 3-month high but is still down 27.6% from its all-time high.
- SOL may face resistance levels at $195.85 and $204.50, while support levels are at $159.30 and $144.35.
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TheCryptoBasic
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As Solana Overtakes BNB, Will SOL Cross $200 To Hit $281?
- Solana's market cap has surged to $88.72 billion, surpassing Binance Coin.
- SOL is trading at $188 and aiming to break through the $200 barrier.
- With increasing bullish momentum, SOL has a price target of $281.
- Solana's Total Value Locked (TVL) is $6.667 billion, indicating growing demand in DeFi.
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Cryptonews
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Solana ETF Next? SOL Rallies 14%, Surpasses BNB to Become Fourth Largest Crypto
- Bitcoin and Ethereum surge 9% and 11% respectively following Trump's re-election.
- Dogecoin sees an 18% increase fueled by rumors of Elon Musk's involvement in a Trump government initiative.
- Solana rallies 14% and surpasses Binance's BNB to become the fourth largest cryptocurrency by market cap.
- Market optimism rises with expectations of pro-crypto policies under Trump, including a potential Solana ETF and relaxed regulations.
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Crypto-News-Flash
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Solana (SOL) Flips BNB Chain with 17% Jump, as Trump’s Lead Rekindles Crypto ETF Hopes
- Solana (SOL) has experienced a 17% jump, surpassing BNB Coin and becoming the fourth-largest crypto by market cap.
- The victory of Donald Trump has sparked hopes for a potential arrival of a spot Solana ETF, with several digital asset managers, including Canary Capital, filing for SEC approval.
- Technically, Solana's price shows bullish momentum with patterns like the inverse head and shoulders and a golden cross, indicating potential upward movement and a retest of the year-to-date high at $210.
- Solana has attracted institutional interest and witnessed significant inflows from institutional investors, amounting to $5.7 million last week.
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Zycrypto
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Solana Jumps 13%, Overtakes BNB As Fourth Largest Crypto As Trump’s Triumph Boosts SOL ETF Approval Hopes
- Solana's native token SOL has surpassed Binance-affiliated BNB to become the fourth-largest cryptocurrency by market capitalization.
- The price of SOL has increased by over 10% in the past 24 hours.
- Expectations of a possible spot SOL exchange-traded fund (ETF) have fueled the rally.
- Many anticipate that SOL ETFs will be approved in the United States in early 2025, potentially pushing SOL's price to $1000.
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TheNewsCrypto
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BlockDAG Lights Up the Crypto Market with 100% Bonus—Solana & Aptos Latest Updates
- BlockDAG's presale reaches $113.5 million with a 100% bonus offer
- Solana experiences a 15% jump in market value fueled by meme coin demand
- Aptos sees a 10% rise following USDT integration for improved DeFi functionality
- BlockDAG distinguishes itself with explosive presale success and showcases superiority over competitors
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Crypto-News-Flash
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SOL Price Eyes $200 as Solana Gains Momentum with Bitcoin’s Election Rally
- Solana's SOL token is gaining momentum, fueled by Bitcoin's surge and strong trading activity.
- Price target of $200 for SOL becomes increasingly attractive to traders.
- Solana experiences growth in decentralized exchange activity and total value locked.
- Strong staking yields and reduced inflation rates support SOL's appeal.
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TheNewsCrypto
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Solana Surpasses BNB and Targets $200 Amid Bullish Market
- Solana (SOL) has surpassed Binance Coin (BNB) in market cap, claiming the fourth spot in the rankings.
- The global crypto market turned bullish as Bitcoin hit a new all-time high of $75,011, sparking optimism for altcoins.
- Solana's market cap now stands at $87.9 billion, nearing the $200 level and targeting its all-time high of $260.
- Solana's technical outlook signals bullish momentum, with positive market sentiment, Golden Cross formation, and high trading volume.
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