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Solana News
TheNewsCrypto
2w
288
Image Credit: TheNewsCrypto
Solana Forms Bullish Flag Pattern as SOL Retreats to $170 Level: Analysis Points to $830
- SOL retraces to $170 level after hitting 3-month high of $180, while maintaining 13% monthly gains.
- Analyst identifies bullish flag pattern with ambitious targets ranging from $383 to $829.
- Technical indicators suggest potential short-term pullback with $147 support level in focus.
- Solana's latest market performance presents a complex picture of immediate retracement amidst broader bullish signals.
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17 Likes
TheNewsCrypto
2w
21
Image Credit: TheNewsCrypto
Solayer Labs Launches First Treasury Bills-backed and Yield-bearing Restaking Stablecoin On Solana Network Dubbed sUSD (Solayer USD)
- Solayer Labs has launched a yield-bearing restaking stablecoin called Solayer USD (sUSD) on the Solana network.
- sUSD is backed by United States short-term Treasury Bills (T-Bills) and is pegged to the US dollar.
- Holders of sUSD earn up to a 4% yield, distributed automatically to users.
- Solayer Labs aims to offer a unique alternative to existing stablecoins by providing yield to its holders.
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NullTX
2w
301
Image Credit: NullTX
Unexpected Windfall: $LUCE Creator Profits Over $2M From Meme Token Craze
- A token creator launched $LUCE and used 2 $SOL to buy 67.06M $LUCE.
- He sold all 67.06M $LUCE for 2.73 $SOL, making only 0.73 $SOL ($130).
- Now, the 67.06M $LUCE he sold is worth over $2M!
- The creator also launched two more meme tokens, accumulating about 23 $SOL ($4,100).
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18 Likes
Newsbtc
2w
43
Image Credit: Newsbtc
Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75
- The Solana (SOL) memecoin ecosystem is regaining traction with investors as Bitcoin (BTC) leads the overall market recovery.
- Popcat (POPCAT), one of the outstanding tokens in the Solana memecoin space, has experienced a 21% surge and reached a new all-time high of $1.75.
- Wintermute, a market-making trading firm, has played a significant role in facilitating buying transactions for POPCAT, driving its recent bullish trend.
- Investors have been taking profits, leading to a retracement from the record-high price, but it will be crucial for POPCAT to hold key support levels above $1.70.
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2 Likes
Cryptonews
2w
81
Image Credit: Cryptonews
Sui Rallies 18%, Chases Ethereum, Solana in Total Inflows
- Sui Network attracts US$8.6M in inflows over 24 hours, with significant asset migration from Ethereum and Solana.
- SUI coin gains 11.2% in the past day, reaching US$2.10, with a 22% monthly increase and 350% rise over the past year.
- MemeFi game moves token launch from Ethereum's Linea to Sui, leveraging Sui's network advantages.
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4 Likes
99Bitcoins
2w
198
Solana New High as Platform Records $2.4B in Liquid Staking as Network Activity Surges
- Solana's blockchain is experiencing a resurgence in revenue, trading volume, and Total Value Locked, reaffirming its position in the crypto market.
- Platforms like Jito and Raydium are leading the ecosystem with over $2.4 billion in managed assets, showcasing the growing interest in Solana's DeFi sector.
- Solana's DEX trading volume has surpassed $15 billion weekly, outperforming competitors like Ethereum, Aptos, and Cardano.
- Integration with traditional finance applications and strong growth metrics indicate promising prospects for Solana's future.
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11 Likes
TheNewsCrypto
2w
289
Image Credit: TheNewsCrypto
Solana at $180: Technical Indicators Signal Potential Pullback Before $200 Push
- Solana (SOL) reaches $180 for the first time since July, sparking speculation about reaching $200.
- Technical indicators suggest a potential consolidation phase before further advances.
- Chaikin Money Flow (CMF) at 0.28 and Money Flow Index (MFI) above 80 indicate overbought conditions.
- Price targets include a potential retreat to $161.81 or a direct push to $200 if $185 resistance level breaks.
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17 Likes
Crypto-News-Flash
2w
371
Image Credit: Crypto-News-Flash
Crypto Inflows Surge to $901M Pre-Election: Bitcoin, Solana, Litecoin Take the Lead
- Pre-election crypto inflows reach $901 million, driven by Bitcoin, Solana, and Litecoin.
- Spot Bitcoin ETFs are closing in on holding 1 million BTC, equivalent to almost 5% of Bitcoin's total supply.
- October's crypto inflows account for 12% of all assets under management, reaching $27 billion year-to-date.
- Solana and Litecoin gain traction, while Ethereum faces outflows ahead of the U.S. elections.
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22 Likes
Bitcoinist
2w
64
Image Credit: Bitcoinist
Bitcoin Leads Crypto Investment Product Inflows With $920 Million Added Last Week – Report
- Crypto-based investment products recorded nearly $1 billion in inflows last week, led by Bitcoin.
- Bitcoin products saw $920 million in inflows, making it the fourth largest month of inflows on record.
- Solana-based products also saw significant inflows, while Ethereum products experienced outflows.
- The positive net flows were influenced by the upcoming US Presidential elections, with Bitcoin's performance tied to US politics.
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3 Likes
Bitcoinist
2w
337
Image Credit: Bitcoinist
Solana On Brink Of Registering Fresh All-Time Highs In Key Metrics: Will SOL Follow?
- Solana has experienced significant growth and is now the third largest smart contracts platform.
- Solana's revenue has been steadily increasing, approaching $12.5 million.
- The total value locked (TVL) on Solana has been picking up steam, currently above $6 billion.
- Solana has seen impressive volume spikes and surpassed other blockchains in weekly DEX trading volume.
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20 Likes
TheNewsCrypto
2w
164
Image Credit: TheNewsCrypto
Solana’s Golden Cross Alert: SOL Eyes $210 as Moving Averages Signal Breakout
- Solana (SOL) is approaching a golden cross as its 50-day Simple Moving Average (SMA) nears a crossover with the 200-day SMA.
- Solana's Chaikin Money Flow (CMF) remains positive at 0.24, indicating strong capital inflows and buying pressure.
- The Bull Bear Power indicator shows a robust 16.57, suggesting a market dominated by buying pressure.
- If the $188.74 resistance is broken, SOL could potentially surge to $210.18.
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9 Likes
Crypto-News-Flash
2w
86
Image Credit: Crypto-News-Flash
Ethereum Bounces Back: On-Chain Data Points to Major ETH Rally Ahead
- Ethereum (ETH) has traded below a crucial support level of $3k for multiple months.
- A recently released 10X Research report suggests that ETH has bottomed out and is showing a trend reversal.
- Analyst Alex Kruger remains bearish on Ethereum, doubting its ability to join a broad market rally if Donald Trump wins the US presidential election.
- On-chain data reveals an impressive surge in Ethereum's daily trading volume, indicating positive market activity.
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5 Likes
TheNewsCrypto
2w
121
Image Credit: TheNewsCrypto
Crypto Traders’ Top 3 Daily Trading Altcoins: Bitcoin, Solana, and SUI
- Bitcoin, Solana, and Sui are the top sought-after digital assets in the past day.
- Bitcoin (BTC) showed a bullish movement with a 1.78% price increase, currently trading at $68,293.
- Solana (SOL) recorded a 1.53% price increase, trading at $177.65.
- Sui Network (SUI) experienced a price drop of 3.51% in the last 24 hours, trading at $1.72.
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7 Likes
Crypto-News-Flash
2w
372
Image Credit: Crypto-News-Flash
Why Ethereum Remains the Backbone of Decentralized Finance
- Ethereum is the backbone of the new global financial system of L2s and L1 apps.
- Ryan Berckmans, a member of the Ethereum Community, claims that Ethereum is unmatched among other blockchain networks in its central infrastructure function in this new digital economy.
- While other chains, like Solana, have shown notable expansion, none are able to replicate Ethereum’s role as the backbone for the decentralized web, Berckmans underlines.
- Based on Ethereum’s long-term strategy of becoming a basic layer for the expanding ecosystem of decentralized finance (DeFi), NFTs, and blockchain applications, this claim is supported.
- Ethereum has become the preferred tool for developers creating L2 solutions in recent years, letting Ethereum handle more transactions effectively while still preserving the security and decentralization.
- Solana cannot compete with Ethereum as a backbone, mostly because of its lack of client diversity.
- Solana’s great bandwidth needs are another important consideration which limits its decentralization.
- Berckmans further contends that Solana’s prior network pauses and great danger of future outages prevent it from being a good backbone.
- zk-Proof Technology lets several transactions be aggregated into a single proof that can subsequently be settled on the Ethereum main chain which secures Ethereum Scalable and Decentralized Future.
- Ethereum’s L2-centric architecture guarantees that it stays the most reliable and scalable solution for decentralized banking, decentralized apps (dApps), and institutional adoption.
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22 Likes
Cryptonews
2w
277
Image Credit: Cryptonews
Base Achieves Record Stablecoin Volume as Solana Hits All-Time High in Transaction Fees
- Base, a Layer-2 network developed by Coinbase, achieved the highest daily stablecoin transaction volume, surpassing Ethereum, Solana, and Tron.
- USDC led the stablecoin breakdown with US$37.3B, followed by USDT at US$18B, and DAI at US$4.5B.
- Solana set a record in transaction fees, exceeding US$1M, supported by transaction fees and MEV tips.
- Solana also led the DeFi space in daily trading volumes, with its DEX processing over US$2.6B in trades on October 24.
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