A naukri.com initiative
Solana News
TheNewsCrypto
2M
183
Image Credit: TheNewsCrypto
Solana Posts Strong Weekly Gains Despite Market Downturn
- Solana (SOL) has shown strong performance, climbing over 12% in the past week.
- The global crypto market faced selling pressure, leading to a 2% decline in market cap in the past 24 hours.
- Solana (SOL) has been one of the stronger performers despite the broader market correction, surging more than 12% in the past week.
- Despite short-term bearish pressure, the long-term outlook for SOL appears strong with key support at $155 and potential resistance at $180.
Read Full Article
11 Likes
Crypto-News-Flash
2M
82
Image Credit: Crypto-News-Flash
Solana Telegram Bots Hit $211M in Volume, Trojan Leads the Way
- Solana Telegram bots reached a trading volume of $211 million, with Trojan leading the way with $93.7 million in volume, representing 44.4% of total transactions.
- The growing adoption of trading bots reflects the increasing importance of automated trading in the decentralized finance (DeFi) space.
- Unibot, another popular trading bot integrated with Solana, has experienced a rise in user engagement and income, with its token value increasing by 85% in the past month.
- Concerns about the security of BonkBot, a Solana network bot used for trading meme tokens, have been addressed by the development team, assuring users that the bot remains safe and functional.
Read Full Article
4 Likes
Crypto-News-Flash
2M
110
Image Credit: Crypto-News-Flash
Solana Outpaces Ethereum in Economic Value, Powered by Memecoins
- The Solana network reached a record-high economic value of $11.09 million, driven by increased Memecoin activity and technological advancements.
- Solana's economic activity starting October 19 has even exceeded Ethereum.
- The explosive Memecoin market functioning on Solana's network is mostly responsible for this outstanding statistic.
- Solana's performance has been much improved by technological developments, including the Firedancer validator client.
Read Full Article
6 Likes
TronWeekly
2M
133
Image Credit: TronWeekly
Ethereum L-2, SOL, BNB In Top-10 Crypto Ecosystem
- Ethereum layer 2 solution Optimism is among the top 10 ecosystems experiencing an uptick in growth rate. Solana, BNB chain, and Polkadot also register notable growth as per Santiment data.
- With a substantial increase of 45.6% in development activity, Optimism is leading the pack. Closely trailing behind are Avalanche and Arbitrum, which have also demonstrated significant growth, with increases of 20.3% and 16.6% respectively.
- The rising number of notable GitHub events from these ecosystems underscores the ongoing innovation and development efforts within the cryptocurrency space.
- Overall, the continued growth in development activity across the top 10 crypto ecosystems is a positive sign for the future of the industry. It suggests that the underlying technology is evolving and that there is a strong belief in the long-term potential of cryptocurrencies.
Read Full Article
8 Likes
TheNewsCrypto
2M
142
Image Credit: TheNewsCrypto
Solana at Crossroads: Analyst Warns of $125 Critical Support
- Solana's recent market performance has resulted in a 13% gain, reaching $174.
- An analyst identifies a potential Wyckoff distribution pattern on the weekly chart.
- A breach of the $125 support could signal a broader market exit, possibly within two months.
- Mixed technical indicators and recent whale activity contribute to the uncertainty surrounding Solana's future.
Read Full Article
8 Likes
99Bitcoins
2M
133
Why is Capital Rotating From ETH to Solana? Pump.Fun Sell Pressure Knocks ETH Foundation Selling Out The Park
- Ethereum's value has been affected by liquidity pouring into other platforms like Solana.
- In this cycle, Ethereum is not expected to outperform Bitcoin or altcoins like Solana.
- Solana has been gaining momentum with its vibrant ecosystem and low transaction fees.
- Despite recent sell-offs, analysts believe in Solana's resilience and potential for future growth.
Read Full Article
8 Likes
Crypto-News-Flash
2M
211
Image Credit: Crypto-News-Flash
Binance Boosts MOODENG: 125% Price Spike After 75x Leverage Contract Release
- Meme coin MOODENG experienced a 125% surge in just 24 hours after the release of a perpetual contract on Binance.
- The surge in price makes MOODENG the no.1 trending coin on Pump.fun.
- The launch of the MOODENGUSDT Perpetual Contract on Binance with leverage of up to 75x was the main catalyst for the surge.
- MOODENG, inspired by a pygmy hippo, has gained popularity and surpassed other meme coins on Pump.fun.
Read Full Article
12 Likes
Zebpay
2M
348
Image Credit: Zebpay
Crypto Technical Analysis Report | 25th October 2024
- Bitcoin (BTC) held steady in the $67,000 range, marking its third consecutive day at this level, while altcoins experienced mixed gains and losses.
- SAFE token surged nearly 35% over the past 24 hours, making it the biggest gainer, while Popcat (SOL) saw the largest decline, falling about 9%.
- Between Oct. 23 and Oct. 24, Bitcoin rose 4% after successfully retesting the $65,200 support level. Ether’s price fell by 9.6%, between Oct. 20 and Oct. 23, after facing strong resistance at the $2,700 mark.
- On-chain data indicates that high transaction fees are driving users away from the Ethereum network.
- The global crypto market cap stood at $2.32T, reflecting a slight 0.12% decrease over the last 24 hours. Positive momentum in tech stocks and a resilient job market were the primary drivers behind Bitcoin’s gains on Oct. 24.
- SK Hynix, a memory chip supplier for NVIDIA, announced record quarterly profits, fuelled by strong demand from the generative artificial intelligence sector, boosting investor sentiment.
- BTC has been trading in the ‘Descending Channel’ pattern over the past 6 months. ETH, after taking multiple supports at the key level of $2,150, started to move upwards.
- On Oct. 21, DEX Raydium beat the Ethereum network with $3.4m in revenue during the day versus $3.35m for Ethereum.
- Vietnam announced a National Blockchain Strategy to develop the country’s blockchain capabilities.
- Tesla reported Q3 2024 earnings, stating that it has not sold any of the $184m in digital asset investments during the quarter.
Read Full Article
20 Likes
Zebpay
2M
298
Image Credit: Zebpay
Solana’s Liquid Staking: Attracting Retail Investors
- Liquid staking allows participants to trade or deposit tokens in DeFi protocols, unlocking liquidity and maximizing earning potential.
- The Solana liquid staking market could grow to $18 billion in total value locked (TVL) due to sustained growth in retail adoption.
- Liquid staking offers increased flexibility and liquidity compared to regular staking, making it attractive to retail investors.
- Solana's faster transaction speeds and lower fees make it an appealing option for liquid staking and attracting retail investors.
Read Full Article
17 Likes
Bitcoinsensus
2M
261
Image Credit: Bitcoinsensus
Solana Elmnts: Access Oil & Gas Royalties via Blockchain
- Solana's Elmnts project allows institutional investors to access oil and gas royalties via blockchain.
- The project combines the income potential of natural resources with the efficiency of tokenization.
- Elmnts broadens accessibility in energy investments by merging physical assets with blockchain finance.
- It opens new investment opportunities for institutions in the oil and gas sector.
Read Full Article
15 Likes
NullTX
2M
119
Image Credit: NullTX
Solana Surges: TVL Hits $6 Billion, Strong Staking And DeFi Activity Drive Growth
- Solana's Total Value Locked (TVL) has surpassed $6.16 billion, highlighting its increasing adoption in the DeFi ecosystem.
- Around 83% of Solana's circulating supply is staked, demonstrating strong confidence from holders.
- Solana's price has risen by 6.17% to $153.15, with a market cap of $71.95 billion.
- Solana witnessed major developments in DeFi, including Stripe enabling USDC payments and Raydium surging by 39%.
Read Full Article
7 Likes
Cryptonews
2M
73
Image Credit: Cryptonews
SOL Hits Record High Against ETH, Can Memecoin Hype Drive Solana Higher?
- Solana's SOL/ETH pair marks a 600% increase since 2023, sparking discussions about its potential to surpass Ethereum in market value.
- Ethereum still leads in DEX volume and TVL, but Solana's consistent growth suggests it could reach half of Ethereum's market cap.
- Solana's future growth depends on attracting users beyond memecoins, with the Firedancer upgrade aiming to improve transaction capacity.
- Firedancer upgrade plans to enable Solana to handle up to 1 million transactions per second and enhance network reliability.
Read Full Article
4 Likes
Cryptonews
2M
395
Image Credit: Cryptonews
Mech Shooter ‘MetalCore’ Shifts to Solana, Leaving Ethereum’s Immutable zkEVM Behind
- The mech-based third-person-shooter MetalCore is moving to the Solana blockchain for its upcoming season.
- MetalCore will leverage Solana's scalability and reputation as a prominent GameFi platform.
- The move comes after delays on the Ethereum L2 Immutable zkEVM.
- Players will be able to migrate their native tokens (MCG) and NFTs in the coming months.
Read Full Article
23 Likes
Crypto-News-Flash
2M
431
Image Credit: Crypto-News-Flash
Solana Co-Founder Anatoly Yakovenko Hints at Building Ethereum-Style Execution Layer
- Anatoly Yakovenko hints at aligning Solana’s execution layer with Ethereum’s design.
- Yakovenko acknowledges Ethereum’s innovative design and potential as a global settlement layer.
- He encourages making technical changes to Solana to align with Ethereum's goals.
- Yakovenko remains committed to seeing Solana evolve and overcome short-term network challenges.
Read Full Article
25 Likes
Crypto-News-Flash
2M
211
Image Credit: Crypto-News-Flash
XRP Ledger Hits All-Time High in Daily Token Issuance as Trading Protocol Gains Traction
- The XRP Ledger (XRPL) achieved a record high in daily token issuance, with 213 new tokens issued in a single day.
- This surpasses the previous all-time high of 74 tokens issued in a day in October 2021.
- The launch of the First Ledger platform contributed to this milestone, resulting in 1,564 new tokens created in eight days.
- However, only four of these tokens have a market cap above $1 million.
Read Full Article
12 Likes
For uninterrupted reading, download the app