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Solana News
TheNewsCrypto
1w
42
Image Credit: TheNewsCrypto
Solana Blockchain Emerges to be the Top Platform For New Developers
- Solana blockchain emerges as the top platform for new developers with 83% YoY growth.
- Solana leads in DEX usage, capturing 81% of DEX transactions with the highest number of unique trading wallets.
- Solana surpasses Ethereum in onboarding new developers, becoming the number one blockchain ecosystem for dApp development.
- India has the highest number of new developers using Solana, indicating its popularity in the country.
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TheNewsCrypto
1w
403
Image Credit: TheNewsCrypto
Solana Price Surge on the Horizon: Key Factors to Know
- Solana (SOL) has captured demand from both retail and institutional investors, showing promising signs of an impending price rally, with market indicators and key institutional investors playing a crucial role in its next upward move.
- Large-scale SOL holders have maintained their commitment to the asset, reflecting increased optimism even amid broader market fluctuations.
- For the week ending October 4, Solana recorded inflows of $5.3 million, indicating strong institutional interest in SOL.
- One key metric, the Relative Strength Index (RSI), has been displaying signs of building momentum, with further potential for it to move into bullish territory.
- As of the current trading session, Solana is trading at $137 SOL/USDT, below the critical support level of $139, but moving within an ascending triangle pattern.
- If Solana successfully breaches this pattern, it could experience a 33% price increase, pushing it toward a potential target of $216.
- Solana’s recent surge in popularity has been driven largely by its success in the DeFi and meme coin sectors, with the platform becoming a major hub for the meme coin boom.
- The combination of a large, active community and the low cost of trading meme tokens has driven massive user engagement.
- Strategic collaborations with DeFi and meme coin projects have strengthened Solana’s ecosystem, creating a rich landscape for innovation.
- Solana is in a promising position with institutional investors backing its growth and technical indicators hinting at a potential breakout.
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24 Likes
Crypto-News-Flash
1w
280
Image Credit: Crypto-News-Flash
Solana Tops Ethereum as the Leading Ecosystem for New Developers – Will SOL Flip ETH?
- Solana has overtaken Ethereum as the leading ecosystem for new developers in 2024.
- Solana's rapid growth, low fees, and dominance in DeFi and NFT use cases have contributed to its success.
- The platform attracted 1.7 million unique wallet users and facilitated majority of DEX transactions and NFT minting.
- Solana's DEX trading volume surpassed Ethereum, and its future outlook suggests sustained growth and competition in the blockchain space.
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16 Likes
Newsbtc
1w
293
Image Credit: Newsbtc
Solana To New ATH Before Christmas – Analyst Expects $300 Soon
- Solana (SOL) faces a 23% retrace after reaching all-time highs at $264.
- Despite the pullback, SOL's price structure remains strong, indicating potential for another breakout.
- Renowned analyst predicts Solana will reach new all-time highs before Christmas.
- Solana's ability to hold above key levels and investor interest remains robust.
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17 Likes
Zycrypto
1w
400
Image Credit: Zycrypto
Could TON and Solana Break All-Time Highs? Analyst Makes Bullish Projections
- Crypto analyst predicts Solana (SOL) and Toncoin (TON) to break all-time highs.
- Both projects are supported by strong fundamentals and active development teams.
- Solana's upward swing is expected due to institutional investors and spot ETF anticipation.
- Bitcoin's rally and BNB's ATH are driving momentum for other assets.
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24 Likes
Newsbtc
1w
132
Image Credit: Newsbtc
Solana Set For Explosive Growth: Expert Predicts 1650% Price Increase Based On This Pattern
- Solana (SOL) has resumed its bullish trajectory, recently reclaiming the $230 price level.
- Crypto analyst Ali Martinez predicts a potential 1650% price increase for Solana based on a bullish pattern.
- Solana's Total Value Locked (TVL) has reached $9.198 billion, indicating continued interest in its DeFi ecosystem.
- Despite recent volatility in trading activity, Solana maintains a strong lead with 5.56 million active addresses.
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TronWeekly
1w
222
Image Credit: TronWeekly
Raydium Outpaces Uniswap: Dominates Solana’s DEX Market with $124.6 Billion
- Raydium, the largest DEX on Solana, has surpassed Uniswap in trading volume for two consecutive months, reaching $124.6 billion in November 2024.
- Memecoin trading accounts for 65% of Raydium's trading volume, reflecting the growing trend in the DEX market.
- Solana's dominance in DEX trading has propelled Raydium's success, with Solana accounting for almost 50% of the total DEX volume on chains.
- High throughput, low transaction fees, and greater liquidity make Solana an attractive destination for traders migrating from other blockchains.
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13 Likes
Cryptoticker
1w
397
Image Credit: Cryptoticker
Solana Price Prediction: How Reclaiming $222 Sets the Stage for a Bullish Surge
- Solana successfully reclaimed its major support level at $222, sparking optimism for a sustained bullish surge.
- The breakout rally has drawn increased attention from both retail and institutional investors.
- Solana's price stabilizing above $222 suggests potential for further upward momentum towards resistance levels at $238 and $250.
- Market sentiment and technical indicators support Solana's bullish outlook, with forecasts predicting a potential rally towards $238, $250, and beyond.
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23 Likes
TronWeekly
1w
273
Image Credit: TronWeekly
Bitwise Predicts Crypto’s Golden Era: Bitcoin to Surpass $200K
- Bitwise predicts the 'golden era' for cryptocurrencies in 2025 driven by innovations and expanding regulatory framework.
- Bitcoin, Ethereum, and Solana are expected to reach new all-time highs, with Bitcoin surpassing $200,000, Ethereum reaching $7,000, and Solana hitting $750.
- Bitwise foresees the IPO wave of major crypto companies going public, indicating the growing maturity and appeal of blockchain technology.
- Bitcoin could surpass gold in market value, potentially reaching $1 million per coin by 2029, with stablecoin market doubling to over $400 billion in 2025.
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16 Likes
Newsbtc
1w
346
Image Credit: Newsbtc
Solana Will ‘Step Back Into The Spotlight’ Once It Reclaims $222 – Details
- Solana has faced a 23% correction since reaching all-time highs, reflecting market conditions.
- Analyst Jelle suggests that Solana reclaiming $222 could trigger a significant surge.
- Solana is finding support in previous resistance levels and is poised for a potential breakout.
- The price of Solana remains range-bound and its next major move is eagerly awaited by investors.
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20 Likes
Bitcoinsensus
1w
175
Image Credit: Bitcoinsensus
Solana Price Analysis: Key Trends and Market Insights
- Solana's 4-hour market structure suggests a bearish trend despite ambiguous signals from recent price movements.
- Targeting supply zones above liquidity can highlight potential short opportunities in the prevailing downtrend.
- Always remember: markets are unpredictable, and risk management is critical for sustainable trading.
- Analyzing Solana's price action offers insights into how markets behave, but it's essential to treat this information as educational and prioritize risk management.
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10 Likes
TheNewsCrypto
1w
423
Image Credit: TheNewsCrypto
Trader Says He Really Likes This Coin at Current Prices, ‘It’s Like Scooping Up Solana (SOL) at $8 in 2022.’
- A trader claims that buying the Rexas Finance (RXS) token at its current price is comparable to buying Solana (SOL) at $8 in 2022.
- Rexas Finance aims to enhance liquidity and transparency in decentralized finance (DeFi) through blockchain-based tokenization.
- The project has raised $23.8 million in funds, with over 314 million tokens sold out of the available 335 million.
- Rexas Finance is being compared to Solana due to their similar attributes, including low entry price, advanced technology, and potential for growth.
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25 Likes
NullTX
1w
320
Image Credit: NullTX
Pump.fun Dumps Over $24M In SOL As Market Volatility Surges
- Pump.fun transferred 109,587 SOL, worth $24.36 million, to Kraken.
- The pace of SOL selling by Pump.fun is expected to slow down due to depleted reserves and a decline in fee income.
- Pump.fun has accumulated over 1.5 million SOL in transaction fees, with sales volume reaching 1.546 million SOL worth $300.76 million.
- The cryptocurrency market experienced heightened volatility, leading to the liquidation of approximately $1.53 billion in positions, with long positions accounting for $1.39 billion.
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19 Likes
Crypto-News-Flash
1w
299
Image Credit: Crypto-News-Flash
Solana Mega Rally to $4,000: Analyst Predicts ATH of $400 by Christmas
- Analysts predict that Solana (SOL) could reach $4000 in the current cycle.
- According to analyst Ali Martinez, SOL could hit $400 by Christmas as part of the bullish cycle.
- Another analyst, IncomeSharks, identifies a Cup and Handle pattern and predicts SOL to reach between $400 and $600.
- On-chain activities of Solana have been strong, with high transfer volumes and active addresses, supporting its upsurge.
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18 Likes
NullTX
1w
248
Image Credit: NullTX
SOLANA PRICE ANALYSIS & PREDICTION (December 11) – Sol Advances Correction Amid Latest Drops, Looking For Solid Ground
- Solana has been experiencing a correction phase, with double-digit losses in the last 24 hours.
- Despite short-term weakness, Solana's long-term bullish trajectory remains intact.
- The price may drop to $180 and find support at the rising trendline before a potential bounce.
- Key resistance levels to watch are $247, $264.4, and $280.
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14 Likes
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