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Solana News
TheNewsCrypto
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Solana Outpaces Ethereum with User Engagement and Volume
- Solana achieved record 123 million monthly active addresses, a 42% increase.
- Memecoins and platforms drive user engagement and trading volume growth.
- Solana outpaces Ethereum with over 100 million monthly active addresses.
- A Solana whale sells $44 million worth of SOL, sparking optimism for price gains.
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Crypto-News-Flash
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Sui Takes Lead Over Solana and Ethereum in Net Flows — Price Predictions Ahead
- Sui (SUI) surpasses Solana (SOL) and Ethereum (ETH) in net flows, recording $24.3 million.
- Total Value Locked (TVL) in Sui reaches $1.074 billion, a 300% increase in three months.
- Sui's total active accounts reach 25 million, surpassing competitors like Base, Arbitrum, and Solana.
- SUI price surges by 8.45% in the last 24 hours and 124% year to date, trading at $1.88.
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TheNewsCrypto
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Must-Buy Cryptos in 2024: Spotlight on Solana, BNB, Cardano, and BlockDAG
- BlockDAG (BDAG) is a top cryptocurrency to consider, with its revolutionary blockchain technology offering scalability and swift transactions.
- Solana (SOL) presents itself as a valuable long-term growth asset, with a rapidly expanding ecosystem and partnerships.
- BNB remains crucial to Binance's operations and is a top investment choice, offering trading discounts and facilitating transactions.
- Cardano (ADA) distinguishes itself with advancements in governance and research-based development, positioning it as a significant crypto player.
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NullTX
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SOL Sales And Rising DeFi Activity Mark Solana’s Q3 Progress
- Pump.fun's fee income account continues to sell SOL, transferring 90,000 SOL to Kraken.
- A significant SOL holder executed a 90,000 SOL sale earning around 14.87 million USDC.
- 29 Solana-based projects secured funding rounds totaling $173 million in Q3 2024.
- DeFi on Solana recorded a 26% increase in Total Value Locked (TVL) reaching $5.7 billion.
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Cryptonews
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Analysts Say November to Continue to Be a Strong Month for Crypto
- Cryptocurrency markets are experiencing volatility, with notable declines in Bitcoin, Ethereum, Solana, and Dogecoin.
- Jamie Coutts warns of increased risk for assets as USD strengthens and central bank actions fluctuate.
- Swissblock analysts highlight the US presidential election as a key factor, stressing the market impact of potential non-acceptance of results.
- US spot Bitcoin ETFs see significant growth, now holding over 1 million BTC valued at approximately US$68 billion.
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1 Like
Newsbtc
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GRASS Token Fails To Break $2 Level – Is It Time To Buy?
- GRASS token, a Layer-2 platform on the Solana blockchain, has attracted attention from analysts and investors.
- The token's launch and airdrop faced some issues, but its price rallied and breached the $1.50 level.
- However, GRASS token failed to break the $2 level and has now settled below $1.75, trading at $1.45.
- Analysts anticipate a deeper pullback in the price and advise caution before buying.
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Newsbtc
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Solana Likely To Target $200 ‘If It Holds Current Support’ – What To Expect
- Solana (SOL) is trading near a crucial support level around $163 after a retracement from local highs.
- If the support level at $160 holds, SOL could rebound and aim to test the downtrend line, suggesting a bullish scenario.
- Failure to hold above $160 may lead to a deeper correction and a test of lower support levels.
- SOL's price action will be closely watched as it hovers around the $160 support, with potential for a rally or a bearish phase.
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Newsbtc
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Solana Headed For Correction Before Bounce – Analyst Sets $180 Target
- Solana (SOL) is trading around a crucial demand level at $165, with the risk of a deeper correction if support is lost.
- Analyst Carl Runefelt suggests that Solana may see a brief correction before rallying to retest recent highs.
- The $160 level is critical for SOL, acting as a support zone that could fuel further upward momentum.
- Investors are closely monitoring Solana's technical setup and its ability to hold above $160 for potential gains.
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17 Likes
Dev
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Solana Safe Transfer (Fat-Finger-proof Transfer)
- Solana is a fast, cheap, and reliable blockchain network.
- Transferring assets on Solana is fast and inexpensive, with transactions completing in seconds and minimal fees.
- However, there is a risk associated with sending assets on Solana - once a transaction is sent, it cannot be reversed, and any mistake in the recipient's address can result in permanent loss of assets.
- To address this issue, a program called Solana Safe Transfer has been introduced, which requires the entry of a confirmation code associated with the recipient's address to ensure the transfer is accurate.
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18 Likes
TheNewsCrypto
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Can Solana Overcome Selling Pressure to Regain Bullish Momentum?
- Solana (SOL) trades at $166 after losing 0.10% in the last 24 hours.
- The cryptocurrency market has experienced a brief bearish turn in the past 24 hours.
- Solana (SOL) has faced selling pressure, leading to a drop in its price.
- Technical indicators suggest a bearish trend for SOL in the short term.
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26 Likes
Cryptoticker
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Solana Price Prediction: SOL is eyeing $250
- Solana's price is showing signs of a potential rally with a target of $250.
- Solana's Total Value Locked (TVL) has surged by 54% in six weeks, indicating confidence in the network.
- The number of new Solana addresses almost doubled in October, suggesting increased user activity and demand for the SOL token.
- The combination of rising investment and user growth creates a strong foundation for a potential price rally, with $250 as a realistic target.
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18 Likes
TheNewsCrypto
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How This Solana DEX Token Surged 100% During Uptober?
- Solana DEX token RAY records a 100% surge during Uptober.
- RAY surged to a 30-month high of $3.618, experiencing a 115% spike over 30 days.
- Raydium, the decentralized exchange on Solana, saw impressive growth in various metrics.
- Total value locked (TVL) in Raydium increased to $2.08 billion, with a 170.7% rise in DEX volume.
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TheNewsCrypto
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Crypto Exchange M2 Secures User Funds After $13M Hot Wallet Breach
- The M2 Exchange hack has lost around $13 million.
- Hot wallets across Ethereum, Bitcoin, and Solana networks were targeted.
- The cryptocurrency exchange M2, regulated by the Financial Services Regulatory Authority, was hacked.
- M2 quickly secured the situation, restored customer funds, and implemented additional security measures.
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17 Likes
99Bitcoins
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Popcat Soars To New Highs: Strongest Narrative?
- Popcat, a cat-themed cryptocurrency, has seen a significant increase in price, climbing from $0.2 to nearly $2.
- Compared to other altcoins, Popcat has demonstrated strong performance and has the potential to reach a market cap similar to Shiba Inu and Doge.
- Technical indicators suggest that Popcat is not overextended and there is still room for further growth.
- Investors are advised to exercise patience and wait for potential entry points or a touch of the 100 moving average before trading.
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Zebpay
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Crypto Technical Analysis Report | 1st November 2024
- Bitcoin (BTC) experienced a market-wide pullback amid cautious optimism among traders ahead of the upcoming U.S. Presidential election and dropped below $70k after hitting $72k the previous day.
- Major altcoins like Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) traded in the red.
- CoinMarketCap’s Market Fear & Greed Index showed a reading of 59 (Greed) out of 100.
- Coinbase shares fell 15.3%, following underwhelming earnings and a weak revenue outlook for the quarter.
- BTC saw an 11% rise in October, closing at $72,335, though it didn’t reach the average 22% gain typically seen.
- Ether’s price struggles to surpass $2,700, while investors evaluate what it would take to reach $3,000.
- Bitcoin whales reduced their BTC holdings, indicating increased volatility ahead.
- Asia’s share of crypto developers surged to 32%, positioning it as the leading region for crypto developer talent.
- MicroStrategy aims to raise $21 billion in equity and an additional $21 billion in debt to support a multibillion-dollar Bitcoin buying spree.
- ZebPay blogs provides crypto wisdom and features to discover and explore.
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