With Solana ETF approval on the horizon, three Solana-based meme coins are gaining traction. Each offers unique growth potential, but one stands out with its powerful ecosystem, deflationary model, and innovative features, appealing to a growing altcoin market.

TL;DR Sonic SVM and Solayer team up to increase Solana delegator rewards. Adrastea introduces liquid resttaking option on the Solana network. The collaboration seeks to encourage participation and security within the Solana ecosystem.

Layer-1 (L1) blockchain Solana saw a surge in user demand in October. During those 31 days, Solana's monthly user activity climbed to its year-to-date high.

Sonic SVM, a Solana (SOL)-based Layer-2 (L2) platform, has partnered up with Solayer to increase rewards for Solana delegators, while Adrastea, a new partner in the ecosystem, is introducing liquid restaking on Solana, as reported to Finbold on Friday, November 1.

Solana (SOL) has reclaimed the $180 level, showing resilience by bouncing off the $162 support zone. Currently trading at $180.45, Solana has recorded an 11% surge from this key level, prompting discussions around whether the altcoin can push towards the significant $200 threshold.

Solana-based restaking and liquid staking could follow the explosive growth trajectory of Ethereum's liquid staking ecosystem.

Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.

Analysts are observing that Bitcoin is facing rejection from a critical resistance zone. This movement has led to a short-term bearish divergence, suggesting potential downward pressure. Additionally, Ethereum and Solana are facing similar challenges as they struggle to maintain upward momentum.

Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.

The SOL ETF application marks Canary Capital's third ETF submission in October.

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With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.

With the crypto altcoin market cap excluding Bitcoin falling down to $909.91 billion, Ethereum and Solana witness a major crash. The altcoin market has dropped by nearly 7% in the past three days, with Ethereum and Solana approaching crucial support levels.

With the crypto altcoin market cap excluding Bitcoin falling down to $909.91 billion, Ethereum and Solana witness a major crash. The altcoin market has dropped by nearly 7% in the past three days, with Ethereum and Solana approaching crucial support levels.

This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.

Solana is one of the top networks, commanding a market cap of over $81 billion, according to CoinMarketCap data. Even as crypto prices rise and sentiment improves, SOL has struggled for momentum.

Canary Capital files for a Solana ETF, marking a key milestone in crypto adoption by Wall Street.

Whales buy and stake large quantities of Solana.

Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term.

The cryptocurrency market is experiencing a dynamic shift, with Shiba Inu (SHIB) showing signs of a possible reversal, Solana (SOL) facing a concerning pattern in its momentum, and Bitcoin (BTC) pushing toward an ambitious target of $84,000. As traders navigate this volatile landscape, it's essential to understand the indicators that could influence price movements in the coming days.

Solana is on a strong upward trajectory, and if the current pace continues, it could see its price approach $200 by mid-November. Strong market sentiment is reflected in the price action for SOL as growing investor interest pushes it closer to this expected level.

SOL hits three-month highs as sUSD surpassed $10M after launch, marking a milestone in RWA-backed assets.

High-performance blockchain Solana (SOL) has garnered attention for significant inflows from other blockchains, with its total value locked (TVL) surging as a result of these inflows. An examination of the data, however, shows a more nuanced picture, with Ethereum (ETH) recovering 42% of Solana's inflows.

Solana (SOL) has made waves in the cryptocurrency market by breaking through the $180 barrier for the first time in nearly three months. This significant milestone has sparked excitement among traders and investors, fueling speculation about whether SOL could be on its way to hitting the $200 mark.

A widely followed cryptocurrency analyst and trader is leaning bullish on a top-10 altcoin by market cap. The analyst pseudonymously known as Sherpa tells his 229,600 followers on the social media platform X that Dogecoin (DOGE) is “still very strong looking” amid the flagship memecoin rising by around 60% from the October low.

Solana and Base contain a share of low-value swaps under $0.10, which may be inflating DEX volumes. Ethereum remains the chain for high-value DEX swaps.

Solana's abundant DeFi ecosystem gets recognition from a top-tier asset manager: will it be enough to convince SEC?

Bitcoin is currently in an impressive position, having broken above key resistance levels. On the weekly chart, the trend looks strong, and the daily chart confirms a healthy retracement that could establish new support. After months of consolidation, Bitcoin's momentum is gaining traction, and we're keenly watching these movements across different time frames.

Solana has dipped by 0.5% in the past 24 hours, yet its one-day chart has formed a golden cross that signals an incoming bull phase. The post Solana Hits Bullish Golden Cross – Is a SOL Price Surge Next? appeared first on Cryptonews.

Blockchain technology is evolving rapidly, and Solana continues to make its case as one of the most promising projects in the cryptocurrency world.

Get Grass has recently gained attention by completing the largest airdrop in the Solana network's history. Following its successful listing on prominent exchanges such as ByBit and KuCoin, the GRASS token has increased by nearly 500%, currently trading at approximately $0.87.

After a brief rally, the crypto markets appear to be consolidating as the Bitcoin price is heading below $71,000 after marking the yearly highs close to the ATH at around $73,500. The bears are trying to hold a tight grip over the rally as the bulls continue to remain passive for the second consecutive day.

In the past several months, the Solana memecoins market has gone through massive growth, and investors are eager to get more of the latest SOL meme token. However, one analyst has a word of caution for those investors seeking these high-risk opportunities, telling them to brace for a fall.

Solana (SOL) price has witnessed a mixed performance throughout the latter half of 2024. Initially surging early in the year, Solana faced significant resistance around the $200 mark, sparking a period of fluctuation within the $125 to $185 range.

Solana and Ethereum have continued in their value transfer moves amid broader shift in market dynamics.

As Ethereum's dominance wanes, rising stars like CYBRO, Solana, Avalanche, and Tron capture investor attention with unique features. #partnercontent

With Ika's integration on Sui, developers can now build secure, decentralized applications on a network that supports Bitcoin and other blockchains.

Canary Capital Group, a new digital asset-focused investment firm created by former Valkyrie Funds co-founder Steven McClurg, has become the latest investment firm to apply for a Solana-based exchange-traded fund (ETF).

Canary Capital Group LLC has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to introduce the Canary Solana ETF. This exchange-traded fund (ETF) aims to give investors direct exposure to solana (SOL), minus operational expenses, through shares listed on a U.S. exchange.

Bitcoin (BTC) is teasing a record high after it peaked at $73,464 on October 30, bringing it within touching distance of its all-time high of $73,750. However, the cryptocurrency has registered a marginal decline during the ongoing session and is trading just above $73,200.

Canary Capital submitted a filing with the SEC for a spot Solana ETF on October 30 seeking permission for access Solana through traditional brokerage accounts without holding SOL directly.

Solana's network metrics showed broad-based growth in October 2024, with increases in development activity, user adoption, DeFi engagement, and market participation.

This week, Canary filed an S-1 registration with the U.S. SEC, aiming to gain approval for a Solana-focused ETF. If approved, this would allow everyday investors to buy shares that track the price of SOL.

Solana's (SOL) price has recently gained attention with its approach toward the $186 resistance mark, a level that previously triggered reversals. Despite SOL standing only 16% away from a potential run to $200, broader market signals suggest challenges ahead.

Crypto asset manager Canary Capital has filed an application with the SEC for a spot Solana ETF, joining VanEck and 21Shares in seeking approval for a product that would track SOL's price through the CME CF Solana index.

Macro guru Raoul Pal believes that if Solana (SOL) reclaims a key level it may signal the broader crypto market has entered the most explosive phase of the cycle.

Canary Capital Group, a recently established digital asset investment firm led by former Valkyrie Funds co-founder Steven McClurg, has taken another step toward establishing itself as a leader in the spot crypto ETF market in the U.S. On October 30, the firm filed a Form S-1 registration statement with the U.S.