Solana (SOL) price is down 6% in the last 24 hours, catching the attention of investors. Technical indicators like the Relative Strength Index (RSI) suggest the cryptocurrency may be approaching oversold territory, indicating a possible reversal.

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Edward Snowden criticizes Solana for centralization, sparking debate over its blockchain model and governance. The post Snowden calls Solana a centralized chain used for ‘meme coins and scams' appeared first on Crypto Briefing.

Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.

Solana (SOL) is currently trading near a critical support zone at $145, following a 26% surge since the Federal Reserve announced interest rate cuts on September 18. After this sharp rise, SOL experienced a slight 10% dip, but the overall market sentiment remains optimistic.

As more people embrace cryptocurrencies, blockchain platforms are enhancing their features to accommodate growing user needs. BNB Chain is working to make stablecoin transactions quicker, less expensive, and simpler. Simultaneously, Solana is advancing towards potentially equaling Ethereum's market share, bolstered by its efficient processing power and expanding ecosystem.

The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas.

Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, is improving cross-chain functionality through a new integration with Solana.

With crypto adoption and NFT sales gaining momentum, the need for reliable wallets to manage these assets is becoming increasingly crucial. Platforms like OKX Wallet and Plus Wallet are stepping up to meet this demand. OKX Wallet's latest update enhances Solana wallet management, offering users the ability to reclaim unused funds.

Solana's total value locked has reached approximately $5.5 billion, a multi-month high, according to DefiLlama.

Cryptocurrency Market Today: The cryptocurrency industry has experienced a sharp decline following the Israel-Iran war and the U.S. stock market taking a hit. As a result, the total market cap dropped by 4.8% to $2.15 Trillion.

TL;DR User-Friendly API: Coinbase's new SOL staking API simplifies the staking process, allowing users to easily connect their wallet and stake SOL without technical hassles. Attractive Rewards: Staking SOL through this API offers a reward rate of approximately 4.83%, making it an appealing option for earning passive income.

Solana, the fifth-largest cryptocurrency by market cap has shown its resistance amidst the rising geopolitical tension. While other cryptos are struggling, analyst Crypto Jelle believes Solana's steady performance hints at a major breakout ahead.

How will the upcoming U.S. presidential election affect cryptocurrency ETF approvals? Let's find out.

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.

Many might consider Solana a top functional blockchain project; however, a recent review from Edward Snowden, a former U.S. security intelligence officer turned crypto enthusiast, might change minds. Snowden believes Solana is centralized, a take he shared at the Token2049 event recently.

With the new Coinbase Staking API, you can stake any amount of SOL on the Solana network, earning rewards for both you and your users. But the best part?

Binance Web3 Wallet integrates 13 new protocols and introduces SOL staking, expanding yield opportunities for users.

Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate of XRP and Solana ETFs. This comment follows Bitwise's recent steps toward creating an XRP ETF by registering a trust entity in Delaware.

Solana is gearing up for a potential price surge against Bitcoin as the SOL/BTC pair inches closer to a bullish breakout. After a prolonged period of consolidation within a symmetrical triangle since March, SOL/BTC is making another attempt to rally past the upper resistance line.

An uptick in Solana's network activity and upcoming project launches could send SOL price higher.

With Bitcoin entering the final pullback of the year, crypto traders are keeping a watchful eye on leading altcoins like Solana (SOL) for the next big move ahead. Technical factors show that the Layer 1 altcoin is showing considerable strength against BTC and could potentially be gearing up for an upcoming rally to $200.

Solana price recently had high market activity, trading around the $148 level at the time of writing. Technically, Solana might be in for a change of direction, with crucial chart patterns and an increasing interest in the derivatives market driving it.

Between the 1st and the 7th of October, nearly 524K SOL, worth $81 million, will be unlocked.

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Solana's total value locked in decentralized finance protocols has risen to levels last seen nearly three years ago. In the DeFi market, total deposits in protocols across Solana's ecosystem have increased from lows of $657 million in October 2023 to over $10.7 billion.

TL;DR Six DeFi protocols on Solana have surpassed $1 billion in TVL, marking the first time this milestone has been reached since November 2021. The total TVL of Solana rises to $5.50 billion, recovering after the collapse of FTX in 2022, which drastically affected the platform.

Ethereum's most feared cryptocurrency, Solana ($SOL), is facing stiff competition from new scaleable Layer 1s that are growing in price at a much quicker rate.

For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits.

AMBCrypto found that the spot CVD has been falling over the past two days, coinciding with the pullback from $161.8.

Solana has risen by 2% in the past 24 hours, moving to $153 as the SOL/BTC price climbs to 0.00246 today.

Solana price has been trending higher since September 6, gaining 25% and outperforming Bitcoin and Ethereum. SOL price has increased by 1.8% in the last 24 hours and is trading at $156.

Solana (SOL) continues to navigate a critical resistance level at $161, traders and investors are closely monitoring its next move. The cryptocurrency, which recently showed promising gains, is now at a crossroads that could dictate its short-term trajectory.

Solana's BONK records an 11% price surge, kicking off October on a bullish note.

Robinhood has launched crypto transfer services in Europe, enabling customers to move cryptocurrencies in and out of its app. This move highlights the American financial services company's dedication to expanding its product offerings and strengthening its global presence in the crypto market.

Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.

Robinhood Markets Inc.'s (NASDAQ:HOOD) cryptocurrency division launched crypto transfers for its European customers on Tuesday. This new feature allows users to deposit and withdraw over 20 different cryptocurrencies.

Synthetix community approves a major protocol overhaul with 99.4% support, aiming to revitalize the project through token redesign, multi-chain deployment, and governance restructuring.

Trader Alex Krüger ignited debate by positing that Solana (SOL) could soon surpass Ethereum (ETH) in market capitalization. This assertion, shared during an engaging episode of the Unchained podcast, has drawn attention from investors and analysts alike, challenging the traditional hierarchy of the crypto space.

Binance will adjust the tick size of SOL USDⓈ-M and COIN-M Futures Contracts on October 14, 2024, to enhance market liquidity and user trading experience.

Memecoins created on the Solana (CRYPTO: SOL) blockchain withstood the overall market drop on Monday to post encouraging gains. What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%.

Trading volume for Dogecoin surged significantly recently, hitting an all-time high of $1.2 billion. The sudden surge in activity caused traders and investors to jump on DOGE, temporarily driving up its price.

A veteran trader known for timely crypto calls says he's bullish on one Solana (SOL) rival now that it's showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he's “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.

On October 1, 2024, the popular Solana-based meme coin Bonk (BONK) made a headline as it topped the cryptocurrency market with its impressive performance. In the ongoing struggling cryptocurrency market, BONK has outperformed major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and many others with a significant price surge of over 9.

How can crypto traders avoid the pitfalls seen in this unfortunate $6.3 million Solana meme coin story?

An increase in long positions as the price stagnates could signal an over-leveraged condition.

Solana (SOL) is emerging as one of the most dynamic players in the cryptocurrency market, and the outlook for October 2024 appears even more promising.