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news-imageDecember 20, 2024

Is It Time to Be Bearish on Solana? Is The Current Rebound Insufficient to Sustain Bullish Expectations?

In a surprising move, the crypto markets witnessed another dreadful pullback of the year, wiping out over $250 billion from the markets in just a few hours. On the other hand, the spot ETFs also witnessed record-breaking outflows of over $730 million, of which Bitcoin constitutes over $670 million and Ethereum just $60 million.
Publisher: CoinPedia
Sentiment: Negative
SOL

More News Articles

Positive
cover-imageThe Daily Hodl
December 20, 2024

Analyst Justin Bennett Says Ethereum-Based Altcoin Could Explode by Over 600%, Updates Outlook on Solana

A widely followed crypto analyst is suddenly turning bullish on one Ethereum (ETH)-based altcoin after its correction this week. In a new thread on the social media platform X, crypto trader Justin Bennett tells 115,500 followers that CRV, the native token of stablecoin lending platform CurveDAO, could soar more than 600% from its current value.

Positive
cover-imageCoingape
December 20, 2024

How High Could Solana Price Go if Spot SOL ETF Is Approved?

Amid the rising popularity of exchange-traded funds and impressive Bitcoin and ETF inflows, investors still await the SEC's take on the spot SOL ETF. Interestingly, some recent findings hint at the positive leads that might be seen in early 2025, which could push the Solana price to new ATH, but how high?

Neutral
cover-imageThe Motley Fool
December 20, 2024

Solana: Buy, Sell, or Hold?

The Solana (SOL -15.52%) cryptocurrency has been on a wild ride since launching in the spring of 2020. It traded for less than $1 per coin at first, soared to $259 in the crypto boom of 2021, then fell back below $10 in December 2022.

Positive
cover-imageNewsBTC
December 20, 2024

XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals

An analyst has pointed out how XRP and Solana are among the altcoins that have just observed a Tom Demark (TD) Sequential buy signal on their 4-hour prices. Four Altcoins Are Seeing A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has talked about the TD Sequential signal that four different altcoins have seen on their 4-hour charts.

Positive
cover-imageBitcoin
December 19, 2024

Solana's Dapps Revenue Hits Record $365 Million

The Solana dapp ecosystem reached significant monthly revenue numbers in November, with Pumpfun crossing the $100 million mark. Solana Dapp Revenue Goes Parabolic Solana's decentralized applications (dapps) hit an all-time high of $365 million in November. According to Syndica research, Solana's total dapp revenue of $365 million exceeded Solana's network revenue of $92 million.

Positive
cover-imageCointribune
December 19, 2024

Crypto: Solana Shatters Records In 2024 Thanks To Memecoins!

In 2024, Solana experienced spectacular growth in the field of decentralized applications (DApps), largely thanks to the rise of memecoins. According to a crypto report, Solana-based DApps generated revenues of $365 million in November 2024, with memecoins leading this growth.

Negative
cover-imageUToday
December 19, 2024

Next Key Solana (SOL) Support Revealed

Because it is still stuck in a descending channel, Solana is still showing bearish momentum, which suggests that the asset is under more pressure. SOL is now trading at about $210 after gradually declining, failing to maintain its prior highs of about $280.

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