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Solana News
TheNewsCrypto
7d
224
Image Credit: TheNewsCrypto
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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13 Likes
TheCryptoBasic
7d
145
Image Credit: TheCryptoBasic
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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8 Likes
Cryptonews
7d
274
Image Credit: Cryptonews
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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16 Likes
Crypto-News-Flash
7d
375
Image Credit: Crypto-News-Flash
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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22 Likes
Zycrypto
7d
145
Image Credit: Zycrypto
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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8 Likes
TheNewsCrypto
1w
104
Image Credit: TheNewsCrypto
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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6 Likes
Crypto-News-Flash
1w
192
Image Credit: Crypto-News-Flash
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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11 Likes
TheNewsCrypto
1w
54
Image Credit: TheNewsCrypto
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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3 Likes
Crypto-News-Flash
1w
100
Image Credit: Crypto-News-Flash
New VanEck Pyth ETN Brings Solana’s Oracle to Europe
- VanEck has listed the PYTH ETN on Euronext, expanding access to Solana's Pyth Network across Europe.
- The Pyth ETN offers European investors exposure to DeFi data oracles and daily staking rewards.
- Pyth Network acts as an oracle, facilitating the acquisition of real-time data for decentralized finance (DeFi) applications.
- VanEck aims to provide European investors with access to the Solana-based oracle through the PYTH ETN, while also emphasizing the importance of oracles in the blockchain ecosystem.
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6 Likes
Cryptonews
1w
359
Image Credit: Cryptonews
Election Tension Sparks Outflows in Bitcoin ETFs as Dogecoin Rallies
- US Spot ETFs experienced a significant US$541 million outflow, indicating market uncertainty.
- Altcoins and memecoins like Dogecoin surged due to potential regulatory changes.
- Dogecoin's open interest is approaching record highs, influenced by election developments and celebrity comments.
- Bitcoin, Ethereum, and Solana gained amidst the US election progress.
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21 Likes
Cryptonews
1w
313
Image Credit: Cryptonews
VanEck Introduces Solana Oracle Pyth ETN: Will Prices Keep Up?
- VanEck has launched a Pyth Exchange Traded Note (ETN) on Euronext Amsterdam and Paris.
- The ETN allows investors to gain crypto exposure by tracking the PYTH token without holding it.
- Pyth Network is a decentralised oracle ensuring data accuracy for smart contracts.
- The ETN is fully collateralised with secure storage, trades on regulated exchanges, and has a 1.5% expense ratio.
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18 Likes
Bitcoinist
1w
171
Image Credit: Bitcoinist
Solana’s Network Usage Skyrockets: On-Chain Transfer Volume Reaches New Height
- Solana's on-chain transfer volume reaches new all-time high, indicating increased network usage and acceptance.
- Glassnode reports a surge in on-chain transfer volumes, reaching almost $224 billion in a single day, boosting confidence in Solana's scalability.
- The rise in transfer volume was driven by a particular wallet address with significant activity, potentially a bot for arbitrage purposes.
- Solana's active addresses reach a record high of 123 million, showing a 42% growth compared to September, driven by increased meme coin trade, dApps, NFTs, and gaming.
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10 Likes
Bitcoinist
1w
167
Image Credit: Bitcoinist
Spot Solana ETF Proposal Clouded By VanEck’s Wash Trading Concerns
- VanEck’s proposed spot Solana (SOL) ETF is facing scrutiny from US regulators over concerns related to wash trading activities.
- Matthew Sigel, Head of Digital Assets Research at VanEck, published a report that compared the metrics of SOL and Ethereum.
- Solana's high throughput and low transaction costs make it attractive, but skeptics argue that many wallets could be Sybil accounts — fake identities created to manipulate metrics.
- The study revealed that about 34.3% of Solana’s revenues came from the memecoin and non-fungible token activities. The corresponding figure for Ethereum was 6.6%.
- Solana's high trading figures for memecoins originate from four reasons: lower transaction fees, superior user experience due to high throughput and low latency, trading simplified by platforms like Pump.fun, and MEV approaches that may inflate trading volumes.
- The analysis also exposed issues of wash trading on the Solana network. An estimated 41.4% of memecoin and NFT volumes on the network trace back to wash trading.
- If proxy accounts are removed, the study shows that only 56 million genuine wallets used Solana rather than the claimed 111 million.
- VanEck has included significant risk disclosures in the ETP prospectus due to concerns about the revenue source.
- However, the report also resonates with optimism for Solana's future growth.
- At press time, SOL traded at $161.
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10 Likes
Newsbtc
1w
100
Image Credit: Newsbtc
Solana ‘Must Break Descending Resistance’ To Regain Bullish Momentum – Analyst
- Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullback.
- Top analyst Carl Runefelt suggests that Solana must break above a key resistance level to regain bullish momentum.
- Solana's next moves will be closely watched as breaking resistance could signal a larger rally.
- SOL's price action depends on clearing the $165 resistance level, with potential for retracement if unsuccessful.
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6 Likes
Crypto-News-Flash
1w
352
Image Credit: Crypto-News-Flash
Solana (SOL) Gains Institutional Interest Worth Millions as U.S. Voting Starts
- Solana has gained institutional interest worth $5.7 million, second only to Ethereum in the crypto market.
- Despite market volatility, Solana is receiving strong support from institutional investors, indicating its potential for further growth.
- Solana is known for fast transactions and low fees, making it a prominent layer-1 blockchain project.
- Solana's price movements have shown a tendency to decouple from Bitcoin, suggesting its price behavior is influenced by factors specific to Solana.
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21 Likes
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