Here's why ongoing AI memecoin craze could benefit SOL's price after US elections
Solana cannot serve as the backbone of the so-called “new” global financial system, according to Ethereum community member Ryan Berckmans. Solana (SOL) shifted from its initial “monolithic” approach to acknowledging the importance of Layer 2 solutions.
The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million. The crypto market, exhibiting signs of recovery, has taken a U-turn.
a16z crypto's Max Resnick discusses Solana's use of stake weighted quality of service to manage network congestion and proposes an auction-based approach to mitigate its downsides.
Solana is showing strength as it pushes above the critical $171 level—a price that previously acted as supply and now serves as a solid demand zone. This level is relevant for bulls, as holding above could pave the way for a rally in the coming weeks.
Solana (SOL) has broken through its short-term resistance levels, leaving many short sellers reeling from significant losses. This recent price action has led to a surge in liquidations, highlighting the strong momentum behind Solana's rally.
Bitcoin remains above a critical price level, currently hovering just above $67,000. This position is important as it shows strength in the short term. Over recent days, Bitcoin has been forming a sideways price range, signaling a period of consolidation. Here's a breakdown of analysis by analyst Josh of Crypto World.
The ever-fluctuating world of cryptocurrencies, recent days have witnessed a surge in price volatility, rekindling interest among investors and traders alike. Notably, two altcoins, Solana (SOL) and Ripple (XRP), have been in the spotlight, drawing significant attention due to their dramatic price movements.
Solana has reached new heights, with its real economic value surpassing Ethereum, fueled by a booming memecoin market.
On Wednesday, Solana's price went up to a new high in relation to Ethereum (ETH). SOL is regarded as one of Ether's main rivals in the smart contract space. Therefore, the fact that SOL/ETH reached a new all-time high is a significant event for SOL traders.
Despite the Bitcoin network's lackluster speeds and a subsequently sub-optimal user experience, Cardano founder Charles Hoskinson is super optimistic about decentralized finance (DeFi) in the Bitcoin ecosystem.
The cryptocurrency market is known for its rapid evolution, and one of the latest innovations gaining traction is liquid staking. This method enables cryptocurrency holders to earn rewards without the constraints of locking up their assets, providing a unique solution for investors in an often unpredictable market.
Base ups the ante in terms of competitiveness as strong weekly volumes earn it a spot in the top 3 ranking.
Solana's price recently faced challenges in maintaining $175 as a support level, which halted its upward momentum after weeks of gains. This loss in bullish momentum has put SOL under pressure, making it vulnerable to a potential drawdown.
A trading expert and known crypto analyst highlighted the “last SHORT” opportunity he will publish in years. In this recent analysis, Alan Santana shared what he called a Solana (SOL) premium trade, setting bearish price targets.
MetalCore is making a move from the Immutable zkEVM chain to Solana.
Can Bitcoin hold its ground against Solana's explosive growth? Find out how these cryptocurrency leaders compare.
As more and more reports signal for Solana (SOL) finally exceeding all EVM blockchains by on-chain trading volume, pseudonymous DeFi expert @jpn_memelord decided to study this phenomena. According to his data, the picture looks way more sophisticated, and Ethereum (ETH) might still be "the king.
Arkham Intelligence has added Solana's blockchain data to its tools. Users can now track and visualize a wide range of on-chain Solana operations.
Bitcoin (BTC) maintains its position above $67,000 despite a brief dip to the $65,000 range in the past 24 hours and is currently trading in the $67,000 level. Major altcoins such as Ethereum, Solana, and Ripple have experienced declines over the past 24 hours.
A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap Ethereum (ETH) competitor while outlining the path forward for the Goatseus Maximus (GOAT) memecoin.
The world's largest altcoin Ethereum (ETH) has faced major challenges with investors showing disappointment over its recent price performance. On the other hand, its Layer-1 competitor Solana is gaining much traction among investors amid strong DeFi activity.
Solana (SOL), a layer-one blockchain, has had a strong start in 2023, recently recording a 17% gain within a week. The cryptocurrency saw a surge, moving from the $150 support level to over $170 before stabilizing.
The layer-1 cryptocurrency Solana has traded sideways for the past 7 months, struggling to sustain above $200 level. However, as no trend remains the same in tradable assets, the Q4 bullish sentiment could be a suitable opportunity for SOL price to surpass the overhead barrier.
On Crypto Banter's ‘podcast' the analyst opened up about understanding where to take profits is crucial because not all tokens will reach all-time highs. For example, Bitcoin dominance is rising, a good signal for altcoins to surge. As the market transitions from Bitcoin hype to Ethereum and then altcoins, retail investors play a big role.
After a small jump, the crypto space withstood a massive fall, whipping nearly $70 billion from the market. Solana's price had raised above the seven-month descending consolidation and was believed to face a small pullback.
Here's how this $454,000 loss underscores the inherent risks of investing in memecoins.
Solana sees $26 million staked amid a memecoin surge.
The Solana native coin is generating news as it goes against the trend, lately surpassing $176 in a move that has piqued the crypto world's interest. This gain is especially surprising given the sour mood around the crypto just weeks ago, with several analysts predicting the altcoin would suffer.
Transaction-related fees on Solana (SOL) surpassed $11 million on Oct. 24, marking a new all-time high, according to Blockworks Research data. The metric is called “real economic value” (REV), which includes transaction fees and MEV tips for validators.
Arkham Intelligence, the crypto data tracking platform, has expanded its offerings by adding support for Solana's on-chain data. This allows users to track transactions on the Solana network and get notifications when something happens, which was a missing feature for many observing the Solana ecosystem.
Solana (SOL) price has risen 12% over the past week, and recent developments suggest there could be even more room for growth. With the Relative Strength Index (RSI) dropping to 61 from overbought territory, SOL now has space to move upward without immediate selling pressure.
Solana surpasses Ethereum in real economic value as fee revenue surges, driven by memecoin activity.
Solana (SOL) has shown remarkable strength in recent weeks, surging by 32% over the past fifteen days. This impressive price action has positioned SOL as one of the top-performing assets, outpacing Bitcoin and many other altcoins.
Solana (SOL) continues to be the talk of the crypto town thanks to heightened on-chain activity since active addresses are going through the roof.
Solana (SOL) co-founder Anatoly Yakovenko says that the project's biggest competitor is now Coinbase's Ethereum (ETH) scaling solution. In a new interview on the Unchained Crypto YouTube channel, Yakovenko says Coinbase's Base has become Solana's biggest rival due to the amount of network activity.
Solana Telegram bot ecosystem hit a new milestone yesterday, with trading volume reaching $211 million, as reported by Dune Analytics.
The growth has positioned Solana on the path to extending its rally past $200.
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
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Users can trace large fund movements from certain wallets, obtain real-time trade alerts and gain other information regarding the fifth largest blockchain by market cap.
Bulls aim to knock out Bitcoin's all-time high before the US elections wrap up. Will altcoins follow?
There's a new catalyst forming for Solana, which is up big this week.
A closely followed crypto strategist is suggesting that Bitcoin may soar by triple digits this cycle while one altcoin may even outperform BTC. Pseudonymous analyst Inmortal tells his 217,800 followers on the social media platform X that Bitcoin's cycle top may end up being 164% more than its current value.
Solana has managed to reach its highest daily REV (real economic value) to date (more than $11 million), according to recent data.
Solana has been making headlines with remarkable increases in network activity and interest in its decentralized finance (DeFi) offerings. As the cryptocurrency landscape evolves, many investors are left pondering whether SOL, the platform's native token, could soon reach the significant milestone of $200.