Solana (SOL) is now trading at a critical juncture following last week's market surge. The token has climbed over 20% from its recent local lows, now testing a crucial supply level around $150.
A new report projects that Solana (CRYPTO: SOL) could see its market value surge to $330, capturing 50% of Ethereum's (CRYPTO: ETH) market cap. What Happened: The report by MarketVector, a thematic index provider backed by VanEck, highlights Solana's superior performance metrics and suggests that the cryptocurrency is significantly undervalued compared to Ethereum, presenting a major investment opportunity.
DefiLlama's Dex data revealed that Solana had outperformed Ethereum's Dex volume for the second time in a week. According to DefiLlama's data, Solana's Dex volume surpassed Ethereum's Dex volume by approximately $0.01B in the last 24 hours.
Solana's potential rise to 50% of Ethereum's market value could significantly alter the competitive dynamics within the cryptocurrency market. The post Solana could hit 50% of Ethereum's market value, predicts VanEck appeared first on Crypto Briefing.
Should that happen, SOL's price could more than double, according to the current numbers.
Google Cloud has joined forces with Solana Labs to launch GameShift, a new API designed to make it easier for developers to integrate Web3 features like non-fungible tokens (NFTs) and digital assets into their traditional Web2 games.
Solana has successfully reclaimed what appears to be the critical level that set it on its path to $260 in 2021. Hitting this price suggests that SOL could retest its all-time high (ATH).
Solana meme coin, Mother Iggy (MOTHER) has reclaimed $100 million market cap, which was last tapped on 27th July. Since then, MOTHER/SOL had dipped lower and consolidated throughout the month of August, until 8th September when it started surging again.
Solana has been one of the hottest chains, probably more than Ethereum or Bitcoin, as the platform has been tremendously active. The activity on the platform surged massively which raised the possibility of rising above the pivotal resistance at $150.
VanEck has expressed optimism about Solana market cap to reach 50% of Ethereum.
To those who trade in cryptocurrency, the latest trends in any coin are always a concern, and therefore, they are likely to understand the rise of Rexas Finance (RXS). Priced at only $0.05, this new cryptocurrency could give Cardano (ADA) a run for its money.
Hoskinson critiqued Ethereum's governance, comparing it to a dictatorship centered around Vitalik Buterin. Cardano's model aims to balance efficiency and democracy, avoiding Bitcoin's anarchy and Ethereum's centralization.
The CoinGlass data shows that the POPCAT open interest has surged by 13%, reaching its all-time high of $106 million showing strong trader interest for the Solana meme coin.
Solana has the potential to reach 50% of Ethereum's market cap according to a recent report by VanEck's subsidiary, Market Vector. Over 3,000% more transactions get processed on Solana network as compared to Ethereum, with over 1,300% higher number of daily active users.
Cardano (ADA) continues its steady rise. But how can Argentina's potential CBDC could impact ADA's future?
Amid the ongoing bullish recovery in the crypto market, the Solana price has successfully reclaimed the $150 mark. Moreover, the altcoin is on the verge of testing its important resistance level of $155, indicating increased price action in the crypto market.
XProtocol's crypto-powered Android phone will launch later this year, with the XForge priced at just $299.
The Cardano price has risen by 3.5% in the past 24 hours, reaching $0.3828 on a day when the crypto market as a whole has dipped by 1%.
Cardano price surged over the last seven days, gaining 15% and briefly entering back into the top 10 ranks before getting ousted once more. The Cardano community is bullish on the asset, although critics still question the numbers on the network.
Cardano Founder Charles Hoskinson recently addressed concerns and media reports regarding the governance model of Ethereum. In an interview during the TOKEN2049 conference in Singapore, Hoskinson, who also co-founded Ethereum, expressed his views on the centralization of decision-making within the Ethereum network.
One can notice that Rexas Finance (RXS) is unique in its approach when it comes to the current cryptocurrency challenges owing to its focus on Real World Asset (RWA) tokenization.
As the crypto space heads toward the final quarter of 2024, it looks like not only crypto insiders or crypto bulls are happy about the approaching horizon,
Cardano (ADA) has seen a remarkable performance over the week, surging over 10% and reentering the top ten cryptocurrencies by market capitalization list. Its recent price action has fueled a bullish sentiment among investors and market watchers, who believe the token might be near a rally toward $1.
He argued that Vitalik Buterin, one of Ethereum's co-founders, holds too much power in deciding how the network develops. This statement came during an interview at Token2049 in Singapore, where Hoskinson shared his thoughts on Ethereum's governance model.
Cardano managed a bullish breakout, which might soon push the token towards $1.
ADA remains the 11th-largest cryptocurrency with a market cap of approximately $13.6 billion.
Cardano is set to solve the decentralization issue that has long affected the crypto space by providing a decentralized model for balanced decision-making and community empowerment.
Charles Hoskinson, the founder of Cardano (ADA), is never one to shy away from stirring the pot.
Bitcoin (BTC) and Ethereum (ETH) continued to climb after witnessing a slight correction on Tuesday as the crypto market rally continued. BTC is within touching distance of $65,000, and ETH is close to the $2,700 mark.
Popcat (POPCAT) price, a Solana-based altcoin, has recently experienced a significant increase in its market value, mirroring broader market trends. Currently, the Popcat price shows a bullish pattern as the overall market momentum continues to build.
The cryptocurrency industry is changing day by day and one of the notable players making a splash is Rexas Finance (RXS). Lately, this fading platform in the cryptocurrency market has been in the spotlight due to a respectable increase of 25% in its price shortly after the presale stage 2 ended.
The co-founders of Hivemapper, Helium and Helio discuss projects on the Solana blockchain and bringing crypto to real life.
Solana price increased by 14% in the past week as the overall market surged back up following Bitcoin's recovery. The successful Solana Breakpoint conference in Singapore had no shortage of announcements that might have contributed to the price surge over the past week.
Solana based meme coins are on fire this year as dog and cat themed tokens record massive returns for their holders. These meme cryptos have finally managed to steal the spotlight while the market approaches the final quarter of the financial year.
As the trade is heading towards the end of the month, the market dynamics appear to be changing frequently. Cardano, who once appeared to be dead, is demonstrating the huge possibility of initiating a strong ascending trend.
Popcat (POPCAT), the cat-themed meme coin built on Solana, has reached a new all-time high (ATH). This growth signifies the ongoing excitement around meme coins as the broader market appears to be moving back fully into the bull cycle.
Cardano, Celestia and dogwifhat are witnessing positive sentiment on social platforms as the broader crypto market.
A Solana-based meme coin boosted by Moo Deng, a viral pygmy hippo native to Thailand, saw its market cap surge to over $80 million in less than two weeks.
Cryptocurrency Prices: The cryptocurrency market reflects positive sentiment today, with the global market cap advancing by 1.89%, reaching $2.26 trillion. The Fear & Greed Index stays neutral at 53, suggesting a balanced market. Bitcoin has been the talk of the market, posting a 2.16% increase to $64,412.32.
Cardano price started a decent increase above the $0.3620 resistance. ADA is now showing positive signs and might rise further toward $0.420.
The cryptocurrency market is set to enter the last quarter of the financial year, and memecoins have already been the star performers. What happened: A plethora of tokens inspired by dogs and cats have netted massive returns to their holders year-to-date.
Popular Solana meme coin POPCAT has showcased a massive surge in the last 24 hours, hitting a $1 billion market cap. Per the latest CoinMarketCap data, POPCAT has hit a major milestone of $1 billion market cap.
Hoskinson says the Ethereum network is more like a “dictatorship” where Vitalik Buterin exerts too much influence over the development of the decentralized network.
The cryptocurrency market is once again capturing attention as significant movements in major coins hint at shifting dynamics. Recently, Solana (SOL) experienced a notable price drop that may seem alarming at first glance.
Cardano is on the verge of an 8,500% rally, eyeing $31 as indicators flip bullish.
A closely followed analyst and trader thinks that altcoins are gearing up to have their time under the sun and outperform Bitcoin (BTC).
Solana (SOL), the fifth-biggest cryptocurrency by market cap appears bullish and poised for a massive upside rally following its consolidation breakout. After consolidating in a tight range between $141 and $150 for the last five days, SOL has finally broken out of that zone and is now ready for the rally.