A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea's largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading.

Solana's recent fortunes may be good news for the rest of the altcoin market.

In a recent interview, Anatoly Yakovenko, Solana's founder, spoke to the unique position this ecosystem holds in the blockchain landscape, using its implementation against L2 scaling solutions and other Layer 1 blockchain systems. Previously he raised questions about the vitality of the Ethereum ecosystem without the contributions from Base, a Layer 2 solution.

Peter Brandt, a veteran trader with decades of experience in the financial markets, is bullish on Bitcoin's future. In a recent post to his 746,100 followers on the social media platform X (formerly Twitter), Brandt expressed his optimism, suggesting that Bitcoin (BTC) is now in the “sweet spot” of its bull market halving cycle.

Solana's metrics pointed to a bullish run continuation as it tested a key level.

Following the recent crypto market surge, the non-fungible token (NFT) sales volume has surged by 16.3% to $96.1 million. The overall crypto market has been showing strong positive momentum recently.

As Solana continues to make significant strides in the crypto scene, SOL is elbowing notable rivals in various spheres.

Solana surges past $200 after a key software upgrade boosts validator profits. Could SOL reach $1,000 as network improvements drive renewed investor interest? The post Solana Poised for Breakout After Software Upgrade Boosts Validator Profits – Will It Hit $1,000? appeared first on Cryptonews.

The cryptocurrency market is gradually losing its bullish momentum, driven by the U.S. election boost. Amid the low volatility weekend, the Bitcoin price witnessed selling pressure at $77,000, signaling a post-rally pullback.

Solana (SOL) has reached the $200 price level for the first time in seven months, marking a key milestone in the cryptocurrency's journey. The surge comes on the heels of broader market optimism fueled by Donald Trump's election victory and the potential for pro-crypto policies under his administration.

Trading tools on Solana are immensely profitable. In fact, they tend to rival or exceed DeFi blue chips like Maker, Aave or Lido.

Macro guru and Real Vision CEO Raoul Pal is saying that Solana (SOL) is likely to outperform Ethereum (ETH) this cycle but that one altcoin could potentially do even better.

A widely followed analyst and trader is leaning bullish on a large-cap altcoin amid a broader crypto market rally. The analyst pseudonymously known as Pentoshi tells his 809,700 followers on the social media platform X that Solana (SOL) is in the “all-time high waiting room.

This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in greater detail. Ethereum (ETH) Ethereum concludes a strong week with an impressive 21% price increase which brings it above $3,000.

The presidential election in the United States has always had the power to shake markets, but seeing crypto like Solana soar above the symbolic $200 mark after Donald Trump's victory is surprising. Solana, the fourth-largest cryptocurrency by market capitalization, excited traders and investors with a 21% rise in one week.

Solana price staged a strong recovery, surging for five consecutive days, and crossing the important resistance point at $200 for the first time since April 1. It has surged by over 82% from its lowest point in August, a trend that could continue.

The cryptocurrency has recently surged to remarkable new heights, and now its RSI (Relative Strength Index) is displaying a flattening effect at the top. This pattern is comparable to a double-top pattern in conventional RSI analysis, in which the RSI reaches comparable high levels, twice forming a ceiling of sorts.

Solana (SOL) breaks past $200 amid record transaction volumes, following a surge in optimism on US elections.

Solana (SOL) price is showing some promising signs, with the coin up almost 20% in the last week, but caution is required. While recent indicators reveal strong upward momentum, the sustainability of this trend remains in question.

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Binance Futures announced the launch of GRASSUSDT, DRIFTUSDT, and SWELLUSDT perpetual contracts with leverage of up to 75x. These contracts went live offering traders additional exposure to Solana's GRASS token, as well as DRIFT and SWELL.

Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.

The price of Solana's native token SOL has been on a tear, leading gains among the crypto majors this week following Donald Trump's historic win on Wednesday.

Coinbase analysts are optimistic about the cryptocurrency market heading into 2025, citing a supportive macro environment in the U.S.

Solana's DeFi sector continues to see remarkable growth as TVL surges by triple digits.

“See you in hell,” crypto influencer and investor Cobie replied to a user promoting the Solana Pump.fun meme coin styled after his UpOnly podcast.

Solana's impressive market cap growth raises questions about sustained momentum amid rising volatility.

cbBTC is the first token Coinbase has issued on Solana.

Cobie, who previously hosted a podcast of the same name, said the UPONLY tokens were theoretically worth $17 million when he burned them.

The Solana price hits $200 as Sol Strategies seeks to accelerate SOL adoption. We speak exclusively to CEO Leah Wald about the altcoin's winning ways The post Why Solana Will be Altcoin Season's Big Winner as Sol Strategies Seeks to Accelerate SOL Adoption appeared first on Cryptonews.

While bitcoin catches its breath after its recent ascent past record highs, other digital assets are enjoying a Friday boost. Altcoins Surge Ahead as Bitcoin Takes a Breather: SOL, CRO, and Meme Coins Lead the Pack As of Nov. 8, the crypto market is coasting 2.09% higher than yesterday, totaling $2.57 trillion.

The rally just kept rolling along.

Solana has jumped by 9% in the past 24 hours, rallying to $204.27 as the cryptocurrency market continues its bullish response to Donald Trump's election victory. The post Solana Open Interest at Record High – Is a $250 Breakout Imminent? appeared first on Cryptonews.

The crypto markets have risen above a minor consolidation as the Bitcoin price is heading back towards the ATH at $76,400. The traders have become more optimistic over the SOL price rally as the token remains within the top 5 dominant tokens in the market.

Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points. What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.

The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.

Solana has broken through the $200 threshold for the first time in seven months of trading. The token's price saw a 8.69% rise as the crypto market rallies after the US election.

This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.

TL;DR Eclipse, the first hybrid Ethereum-Solana layer-2 network, has launched its mainnet, combining the speed and low transaction costs of Solana with the decentralization and liquidity of Ethereum. The network offers 60 decentralized applications (DApps) across various sectors, including DeFi, consumer apps, and gaming, attracting users and developers from both ecosystems.

Solana breaks $200 for the first time since April 1, thanks to Donald Trump securing U.S. Presidential election.

Solana (SOL) price, a Layer 1 blockchain, has recently demonstrated significant upward momentum in the cryptocurrency market. Since the beginning of November, SOL's price has surged by 21%, breaking a five-month high amid strengthening bullish sentiment.

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

The successful breach of the crucial $200 mark by Solana represents a significant turning point in its recent upward trajectory. Strong momentum is indicated by this breakout, which has created the possibility of a push toward the market's all-time high (ATH), as sentiment on the market favors the upward trend continuing.

A retest of the $180-$190 area should be regarded as a buying opportunity.

Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.

Coinbase said that cbBTC is the first token issued on Solana.

Solana network shows growth potential to surpass the Ethereum blockchain next year as the crypto bull run gains momentum. As it overtakes Ethereum in DEX trading volumes and other DeFi metrics, the Solana-based meme coins are ready to explode.

Coinbase launches its bitcoin-backed token cbBTC on Solana with $10 million initial deployment, marking its first native token on the blockchain and filling a two-year void in Solana's DeFi ecosystem left by FTX's collapse.