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news-imageOctober 22, 2024

Solana Posts More Volume Than Ethereum, Layer-2s: $200 Incoming?

Solana is emerging as one of the most active networks, looking at engagement levels over the past few months. Despite concerns around FTX and whether asset distribution will lead to a dump, bulls are optimistic about what lies ahead.
Publisher: Bitcoinist
Sentiment: Positive
ETH
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Positive
cover-imageNewsBTC
October 22, 2024

Solana Eyes New All-Time High Of $370 After Cup And Handle Breakout

Amid bullish predictions for the market's fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now offers an automated staking feature, contributing to SOL's ongoing price recovery. New Staking Rules For VanEck's Solana ETN Matthew Sigel, head of digital asset research at VanEck, revealed that the Solana ETN, which trades under the ticker VSOL and currently has $73m in assets under management, will have rewards accrued and reinvested daily under the new staking rules, with the ultimate aim of attracting more investors and new capital.

Neutral
cover-imageThe Currency Analytics
October 22, 2024

Vitalik Buterin Addresses Ethereum's Proof-of-Stake Risks

Vitalik Buterin, co-founder of Ethereum, recently shed light on the challenges posed by the Proof-of-Stake (PoS) mechanism within the Ethereum network. His insights focus on potential centralization risks and propose solutions to ensure the network's long-term security and efficiency.

Neutral
cover-imageThe Currency Analytics
October 22, 2024

Investors Eye Solana's Price Trends and Future Potential

Solana (SOL) has been experiencing a period of sideways trading for the past seven months, a trend that raises questions about the strength of its buyer base and the potential for a price correction. Currently priced around $171, the cryptocurrency has shown a daily increase of 2.84%, yet concerns linger over whether Solana could plummet to $50.

Positive
cover-imageThe Currency Analytics
October 21, 2024

Ethereum Surges Past Resistance: Is Whale Demand Fueling the Rally

Ethereum (ETH) has been making headlines as its price climbed past a crucial resistance level, signaling renewed investor interest and potential for further gains. Over the past week, Ethereum has consistently tested the resistance around $2,650, and after days of buildup, the cryptocurrency successfully broke through.

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