Solana (SOL) has surpassed Binance Coin (BNB) to become the fourth-largest cryptocurrency by market valuation. The achievement comes amidst a marketwide surge that saw several major altcoins explode, with the leading cryptocurrency, Bitcoin (BTC), hitting a new all-time high (ATH) price of over $75,000. Solana’s Weekly Performance Outshines Market Solana’s jump was solidified by a...Read More
As Solana solidifies its position alongside Bitcoin and Ethereum as one of crypto’s top tiers, and with BTC and ETH already having or nearing U.S. spot ETFs, SOL’s potential for the next spot ETF naturally comes into focus. A recent analysis by GSR Markets suggests that such ETFs could catalyze an increase in SOL’s price,...Read More
The bankrupt crypto exchange FTX has concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who raked up the final troves of SOL tokens from FTX after weeks of auctions. The results of the auction were disclosed by two undisclosed sources, according to Bloomberg,...Read More
Solana’s native token, SOL, surged by double digits within a 24-hour period. At the time of reporting, SOL is valued at $161 after tapping $165 earlier, with a 24-hour trading volume of $3.7 billion, marking an increase of 56.6%. According to CoinGecko data, SOL is the fifth largest cryptocurrency, with a market cap of $73.1...Read More
The host of Coin Bureau, Guy Turner, tells his two million followers on YouTube that SOL might be on a potential 35% – 45% breakout above the $300 mark. Turner’s bullish outlook is based on promising weekly and monthly charts throughout the beginning of 2024. According to him, SOL is looking “incredibly bullish” on both...Read More
Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021. Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from...Read More
Solana has been highly favored among altcoins, yet its reputation took a hit due to significant network outages. Despite the overall market surge and renewed investor confidence in 2024, inflows into digital asset investment products associated with Solana were not substantial. However, there are signs of a gradual shift in this trend as Solana investment...Read More
Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain...Read More
Leading crypto price and data-tracking platform, CoinMarketCap, has announced the winners of the first-ever CMC Crypto Awards event hosted in 2024. According to a release seen by CryptoPotato, the award categories include Crypto of the Year, Bridge Builder of the Year, Memecoin of the Year, Social Influencer to Watch, Crypto Leader Of The Year, and...Read More
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
Solana is down. The popular layer-one hasn’t been offline for quite a while, but it appears that the network isn’t functioning for a bit. According to an official update from the Solana Status account, the “mainnet-beta” experienced an outage, and engineers across the ecosystem are working to identify the issue. The update is from 10:22...Read More
Crypto analyst Michaël van de Poppe says altcoin season is “now.” However, according to the MN Trading Consultancy CEO and founder, there are only three months left to make entries at value. The value-based investing and trading analyst with nearly 700K followers on X, wrote in a recent post, “Pretty clear that 3-8 months before...Read More
Following an impressive resurgence, Solana has emerged as one of the hottest cryptocurrencies in recent weeks. The digital asset has witnessed a remarkable surge, soaring by over 775% in the last year, attracting investors eager to leverage its impressive rally, which in turn has pumped several tokens based on the Solana blockchain. BORK Mania on...Read More
Messari’s latest newsletter posits that the industry is witnessing crypto’s adolescence, emphasizing that smart contract blockspace is becoming a commodity. CEO Ryan Selkis acknowledged 2023 as Ethereum’s best year yet, citing its status as the strongest network in terms of community size and revenue generation through fees. However, he suggested that the crypto industry is...Read More
Solana’s native – SOL – token has been on an absolute tear this month. After flipping XRP, it briefly surpassed BNB before settling as the fifth-largest crypto asset. Over the past week alone, SOL has surged by nearly 23%, partly fueled by the excitement surrounding airdrops, which contributed to the complete sell-out of Solana’s Saga...Read More
Solana-based popular dog-themed memecoin – BONK – has rallied by more than 537% over the past month. One of the main factors that boosted a remarkable 40% surge last week was its listing on Coinbase, which subsequently pushed its YTD increase to 850%. BONK originated last year amid the decline of sentiment surrounding the Solana...Read More
Amidst the recent upswing in the broader cryptocurrency market, Solana (SOL) has mirrored the trend, with growth exceeding 60% in the past month. Investors seeking insights into the next potential price target for this digital asset may find information in a post on X by cryptocurrency analyst Ali Martinez on December 7. #Solana is approaching...Read More
The largest cryptocurrency exchange – Binance – experienced an increase in the withdrawal of funds shortly after its chief executive, CZ, pled guilty to criminal charges. Although the mass exodus of digital assets from Binance has somewhat diminished, outflows persist. The latest data indicates a transfer of funds between Binance and Coinbase Pro. CZ pleaded...Read More
Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this...Read More
Coinbase (NASDAQ: COIN) has listed SOL perpetual futures on its international exchange and Coinbase Advanced. The launch occurred earlier today, November 14. Avalanche’s AVAX is another major cryptocurrency to get listed on both platforms. We’ll see two major trading pairs this week: SOL-PERP and AVAX-PERP. @CoinbaseIntExch will add support for Solana and Avalanche perpetual futures...Read More
Solana’s price is flying high again on crypto exchanges. However, regulated investors value SOL tokens at an astounding premium in Grayscale Solana Trust (GSOL). The average SOL price on crypto exchanges was just under $62 Saturday afternoon U.K. time, according to data from CoinGecko. That puts the smart contract blockchain platform up over 49% in...Read More
Solana has taken center stage, surging from $21 in mid-October to almost $45 the last week. After the downfall of FTX, SOL briefly dipped below $10, the recovery, however, was partly driven by surging activity on the network. The past month has seen a notable improvement in what initially was a challenging year for altcoins...Read More
On-chain data shows that the Solana network has surpassed the layer-2 Ethereum-based scalability blockchain Polygon in daily decentralized exchange (DEX) trading volume. According to charts on the digital assets data platform Artemis XYZ, Solana currently has a daily DEX trading volume of $240.47 million, while Polygon sits at $137.49 million. Solana Flips Polygon In Daily...Read More
Solana had a strong association with FTX, and the latter’s collapse last year had significant repercussions for the SOL token. However, the seventh-largest crypto-asset has pursued a strong recovery this year. According to Nansen’s latest analysis, SOL has been trending positively since the summer. In fact, the SOL vs ETH ratio was found to have...Read More
Solana Labs announced the integration of its decentralized payment protocol – Solana Pay – with e-commerce giant Shopify as a new payment option. The move will enable millions of businesses operating on the Shopify platform to leverage Solana Pay for their payment needs. Initially, USDC payments will be accepted via the integration, but more crypto-assets...Read More
On April 13, Solana said that its flagship, security-conscious, crypto-first Android device from Solana Mobile is available to those who pre-ordered. The firm will begin taking new orde1111rs for the device on May 8, it added. The Saga crypto smartphone was originally announced in mid-2022. It stated that the team has been using Saga for...Read More
Solana has rallied for the week as the network continues to gain more users. Excitement over the new memecoin, Bonk Inu (BONK), coincided with the cryptocurrency’s rally. The asset is moving in stride, brushing off recent losses in connection with the FTX’s collapse. Solana is pulling through tough times. It’s rough for the Ethereum competitor,...Read More
Last month, the Solana ecosystem was at the forefront of the FTX saga, taking a significant hit from the company’s bankruptcy filing. Since then, projects have left the network, while the native token lost a significant chunk of its USD value. Interestingly, the blockchain, once regarded as an “Ethereum Killer,” has received support from Ethereum...Read More
The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year. Adding to its woes, crypto asset management company Matrixport...Read More
Solana’s Epoch 370 is set to end in a little under 24 hours, and with it will come the unlocking of over 47 million SOL tokens by validators. This massive token unlock is coming at a time of significant market tumult, not just for Solana but for the entire crypto space following the FTX collapse....Read More
