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.
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.
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.
The surge in Moo Deng's value highlights the volatile nature of memecoins and the significant influence of major exchange listings on market dynamics. The post Solana meme coin Moo Deng jumps 100% on Binance Futures listing news appeared first on Crypto Briefing.
Popular Bitcoin maximalist Max Keiser has once again launched a scathing attack on altcoins, claiming that major cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP are destined to lose all value in comparison to Bitcoin (BTC).
This shift in market dynamics could lead to a reevaluation of ETH's value proposition, especially if Solana continues to gain traction.
Solana price's rally gained momentum as its ecosystem and on-chain metrics continued to perform strongly. Solana (SOL) token rose and retested the important resistance point at $180, its highest level since July 31.
The crypto market regains momentum as Bitcoin (BTC) resumes its comeback. Amid rising sentiment, smart money doubled down on Solana (SOL) and IntelMarkets (INTL), a new AI crypto. Investors who rode the “Uptober” rally and made significant gains from Jupiter (JUP) are considering diversifying their profits—a smart move.
The recent price action of Solana-based Raydium (RAY) has caught investor attention, as the decentralized exchange (DEX) token has maintained an uptrend, achieving a seven-month high.
"The massive bull flag on the weekly chart is playing out," one popular analyst maintained.
This week, we examine Ethereum, Ripple, Solana, Dogecoin, and Binance Coin in greater detail. Ethereum (ETH) Ethereum closed the week in red, and its price fell by 6%.
Solana price may be gearing up to extend its gains after a top expert predicted it could surge to new highs if Ethereum (ETH) hits the ambitious target of $10,000. Should Ethereum price reach this milestone, the SOL price will follow suit with significant gains.
Solana, known for its speed and efficiency, has rebounded from initial setbacks to secure a niche in payments and consumer markets. The blockchain continues to evolve amidst growing competition.
Solana (SOL) has demonstrated remarkable resilience. Currently trading above the $160 mark, Solana is signaling a bullish trend amid increasing market interest and adoption.
In a notable development on October 21, Solana-based DEX Raydium achieved higher daily fee revenue than the Ethereum network.
Ethereum and Solana have plotted drastically divergent trajectories over the past week or so, causing investors eager to shift capital away from Bitcoin (CRYPTO: BTC) to sit up and take notice. What happened: Solana, often touted as the "Ethereum Killer," spiked over 13% in the last seven days, faring among the top weekly gainers.
Solana achieved a record-breaking $8.7 million in network revenue on Oct. 23, driven by growing blockchain activity and increased total value locked.
Have you ever wished you'd caught the next big crypto wave before it took off? The truth is that timing is everything in this fast-moving world of blockchain. With all eyes on the most promising projects, investors are keen to secure their place early.
Solana short sellers suffer as price unexpectedly pushed above short-term resistance, leading to a surge in liquidations.
Solana is displaying remarkable potential for recovery, and it appears that the asset may be approaching $200. The asset is currently trading comfortably above $170 after strong upward momentum was sparked by the breakthrough at $160 earlier this month.
A widely followed cryptocurrency analyst and trader is leaning bullish on one memecoin while giving his forecast on two layer-1 altcoins. The analyst pseudonymously known as Bluntz tells his 287,700 followers on the social media platform X that Dogecoin (DOGE) is “still turbo strong.
Solana's SOL has been on a tear, leading gains among the crypto market this week amid a speculative memecoin frenzy that is driving up token prices and blockchain activity. The latest trend of artificial intelligence agents pumping memecoins is also predominantly based on the Solana network.