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Solana is one of the original Ethereum-killer chains. They did well, although they had their share of issues. However, recently, they got caught up in choppy waters. This was because of the FTX collapse. They were big investors in this chain. So, it’s time to have a close look…
Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month.…
Solana price started a decent increase above the $20 resistance against the US Dollar. The price is now trading below $25 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $23.75 on the 4-hours chart of the SOL/USD pair (data…
The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up. The improving macroeconomic…
January has generally been favorable to the broader crypto market. As it comes to a close, most assets have registered massive gains to recover the previous losses of last year, with Aptos (APT) and Gala (GALA) topping the list of most significant gainers in the month, having increased by…
Solana is a leading cryptocurrency known for its efficient and fast blockchain technology. At the time of writing this post, SOL was trading around $25.58, forming higher highs in the upper Bollinger Bands. It started a short-term rally from $10, and it will face resistance around $35 which was…
Aptos (APT) reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative sentiment toward the token will likely fuel the prices in the short…
Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26. The project’s website will no longer deliver the same services, operating in withdrawal-only mode for all Volts and making deposits…
About two months after the FTX collapse, the Solana network is stronger than ever, according to Austin Federa, head of strategy and communications at the Solana Foundation. Federa defines the recent SOL token price crash as a short-term market reaction to the perceived connection between Solana and the defunct…
Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon’s (MATIC) bullish trend could be a part of its upcoming zkEVM Network update. As the…
Solana-based DeFi portfolio management protocol Friktion has sunset its front end app, and asked users to withdraw their funds. Friktion was among several DeFi protocols offering structured products in the Solana space. Friktion shuts down after TVL slump Friktion announced the shutdown of its front end app via a…
Highlights Solana price gains its crucial resistance of $24 Top analyst warns traders not to get too bearish towards Solana Along with other cryptocurrencies like Bitcoin and Ethereum, there was another altcoin Solana which also got submerged into the bearish momentum. This public Blockchain platform started its downward movement…
Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term. Sol price started a fresh increase above the $20 and $22 levels against the US Dollar. The price is now trading above $22…
Not long ago, Live Bitcoin News published an article talking about how poorly the Solana cryptocurrency was doing. The asset was crashing and burning likely due to its ties to the now fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried, and while things aren’t fully looking…
For traders thinking Solana is controlled by the bears, a popular crypto market analyst, Chris Burniske, is giving a fresh perspective of hope for the major altcoin. According to the former lead of Ark Invest’s crypto department, those who think that SOL is generally bedridden in a bearish…
Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates,…
Solana (SOL) is on hyperdrive as the network quickly gains momentum in terms of liquidity which are seen at more than 300% as of press time. Following a sweeping price decline, Solana has turned the tide with metrics with flying colors. Here’s a quick glance at SOL performance of…
Closing out the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in NFT sales were recorded over the last…
In recent times, the Solana price has witnessed a considerable upward push, which made the coin breach important resistance levels. Over the last 24 hours, SOL has rallied close to 20%, and in a week’s time, the altcoin has appreciated close to 40%. As Bitcoin’s price has remained above…
Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today’s session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency…
Solana – a crypto that’s otherwise known as SOL to its personal holders – continues to shed value given it’s so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried. Solana Isn’t Doing Too Well FTX is currently in the process of filing bankruptcy.…
Solana (SOL) recovered from the slight pullback yesterday, even when the general crypto market cap dropped today. SOL which has been on an uptrend in the past week saw a 28.44% increase during this time. This increase might be due to combined economic factors and Solana’s growing utility among…
Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak. Friday’s move saw the token move closer to a key resistance level of $12.50. Solana also moved higher earlier in the day, as price bounced from a key support point. Cosmos (ATOM) Cosmos (ATOM),…
Solana is a leading cryptocurrency in the industry, and it will regain the pre-FTX level within a few months. At the time of writing this post, SOL was trading around $21.55, forming a short correction on the upper Bollinger Bands that may come to the level of $17. It…
Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.” However, two of the firm’s top cryptocurrency caches…
Solana native token SOL has been on a tear since the start of the year. But the token might be on its way to test its support as it faces rejection. Recent on-chain developments contributed to Solana’s climb. But with the rejection, can SOL regain its bullishness? Solana Keeps…
A cryptocurrency company by the name of 21Shares, which has its headquarters in Switzerland, is placing its bets on proof-of-stake (PoS) coins by launching a new cryptocurrency exchange-traded product (ETP) that is solely focused on staking. This decision was made in order to increase the company’s chances of success.…
Solana has been one of the top performers in the cryptocurrency market, with gains of over 89% in 30 days, 131% in 14 days, and 63% in 7 days. In the face of claims that the SOL network is failing, the token’s price needs a slight upward boost to…
Solana-based meme coin BONK is experiencing a fall in price as blockchain security firm PeckShield Alert warns against a cloned token going by the same moniker. Earlier today, leading blockchain security company PeckShield Alert tweeted that the price of the BONK meme coin had plummeted by almost 100%. The…
Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking. 21Shares on Jan. 18 launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to track up to 10 PoS cryptocurrencies. The ETP immediately starts trading…
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