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news-imageDecember 13, 2024

Solana (SOL) Price Analysis: $226 Support Level Holds Strong as Platform Dominates DEX Market

Solana maintains $226 price level while achieving industry leadership in developer growth, surpassing Ethereum for the first time since 2016 with 7,625 new developers in 2024.
Publisher: Blockonomi
Sentiment: Positive
SOL

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Positive
cover-imageBitcoin
December 13, 2024

Solana Overtakes Ethereum as the Chain With Most New Developers in 2024

A recent report by Electric Capital found that Solana became the ecosystem that attracted the most new developers in 2024, overtaking Ethereum. The report calculated that 7,525 developers joined the Solana ecosystem this year, while Ethereum registered 6,456 during the same period. Solana grew its developer base by 83% year-over-year, while Ethereum lost 22%.

Positive
cover-imageBenzinga
December 12, 2024

Hyperliquid, The 'Coolest New Crypto Product,' Up 500% In 2 Weeks: 'Imagine Ethereum, Solana, Binance Had A Baby,' Lauds Trader

Hyperliquid (CRYPTO: HYPE), a rising decentralized exchange and Layer-1 blockchain, continues its strong rally, which has seen the token price increase six-fold from $3 to over $18 since its much-anticipated launch two weeks ago. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Hyperliquid (CRYPTO: HYPE) $18.20 $4.9 billion +16% +43.4% Sui (CRYPTO: SUI) $4.63 $13.5 billion +9.9% +10.3% BNB (CRYPTO: BNB) $719.9 $103.7 billion +3.3% -1.7% Trader Notes: Crypto trader Daniel described Hyperliquid as the "coolest new product in years, saying it is "basically Binance, except fully on-chain with no KYC, usernames or logins.

Positive
cover-imageNewsBTC
December 12, 2024

Solana Set For Explosive Growth: Expert Predicts 1650% Price Increase Based On This Pattern

As the broader crypto market rebounds following Donald Trump's election on 5 November, Solana (SOL), currently the sixth largest token by market capitalization, has resumed its bullish trajectory, recently reclaiming the $230 price level. On Wednesday, the Solana price surged nearly 7%, reaching $232 after a two-week correction period that followed its current all-time high achievement of $263 on November 23.

Positive
cover-imageCrypto Daily
December 12, 2024

Crypto Price Analysis 12-12 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, UNISWAP: UNI, CHAINLINK: LINK, ALGORAND: ALGO

Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.

Positive
cover-imageThe Currency Analytics
December 12, 2024

Solana Defends $210 Support, Eyes $240 Reclaim

Solana (SOL) has faced significant market fluctuations in recent weeks, but it has managed to hold a critical support level at $210. This has provided a temporary bounce, with the price attempting to recover from a recent downtrend.

Positive
cover-imageBitcoin
December 12, 2024

Solana Unveils First AI Hackathon With Over $185,000 in Cash Prizes

The hackathon emphasizes leveraging Solana's high-performance blockchain to support the deployment of AI agents on-chain. Solana Wants Innovative AI Agents Solana has launched its first artificial intelligence (AI) hackathon, marking a significant milestone in integrating artificial intelligence with blockchain technology.

Positive
cover-imageCoinPedia
December 12, 2024

Solana (SOL) Set For Bull Run, Insights From On-Chain Data

Solana (SOL), the world's fourth biggest cryptocurrency by market cap, is poised to continue its upside momentum as on-chain metrics shift in whale favors. After a sharp price decline, SOL found support at $205.5 and resumed its upside momentum. It is poised to continue its upside momentum in the coming day.

Positive
cover-imageThe Motley Fool
December 11, 2024

Why Altcoins Were Zooming Higher on Wednesday

When the financial history books are written, 2024 is sure to be recorded as a banner year for the burgeoning crypto industry. Market-boosting catalysts, from the introduction of spot exchange-traded funds (ETFs) to a presidential election that delivered a crypto-friendly administration to the White House, seemed to occur every few weeks.

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