Meme coins like WIF and BONK did not make the list.
As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold. According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel's lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90.
SOL's last three cycles could be key to identifying what's next for the altcoin.
Bonk (BONK), the popular Solana-based meme coin, is defying the market trend and is poised for a massive price surge despite bearish sentiment. With an impressive 4% price surge, it has gained significant attention from the crypto community resulting in its open interest skyrocketing by 16% in the last 24 hours.
Solana (SOL) has been holding above the $120 mark since experiencing a significant 24% retrace from its local highs. As the crypto market faces growing fear and uncertainty, Solana has remained one of the strongest performers this cycle, attracting attention from analysts and investors looking for opportunities.
Once the 78.6% retracement level is beaten, the 100% level is usually the next target.
The bitcoin price has dropped below a key resistance level as the crypto market crashes under $2 trillion
Binance's Solana staking service aims to enhance the staking experience for its users. Vishal Sacheendran, Head of Regional Markets at Binance, explained that the service will let users stake SOL and receive rewards in BNSOL.
Solana (SOL) continued to trade sluggishly on Thursday, following a sharp drop of around 20% to approximately $128.62 on Wednesday. This decline has been linked to sustained selling pressure from a major unidentified whale or institutional investor, who has already unloaded over $99 million worth of the cryptocurrency this year.
Nearly two years after “The Merge” at Ethereum's blockchain — the transition to a proof-of-stake consensus mechanism from a proof-of-work setting — investors in ETH who hoped the pivotal upgrade would provide a financial lift have been left with shrinking returns on investment. Ether's price has underperformed Bitcoin (BTC), BNB, and even Solana (SOL) since the September 15, 2022 merge day.
Solana's declining fees risk pushing smaller validators out, exacerbating longstanding centralization concerns.
Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level.
Explore September's forecast for memecoins like Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB), FLOKI, and Dogwifhat (WIF). Analyze price trends, resistance levels, and market sentiment to understand the potential rise or fall of these popular digital tokens.
Sonic SVM announced the public sale of HyperFuse Nodes, marking the first node sale within the Solana ecosystem. According to a press release shared with crypto.
Pepe (PEPE) was one of the most exciting (and profitable) new meme coin launches of 2023, yet, with a multi-billion market cap success, many are saying its best days are behind it.
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.
Solana (SOL) is currently trading in the red, impacted by a general bearish market sentiment, but an analyst has outlined the token's potential path to new highs.
With the latest mixed signals from Solana price, expectations are high about a drop soon to below $100. How likely to happen this September?
Solana (SOL) has presented a buying opportunity for those looking to trade against the market trend.
TL;DR Sonic SVM will launch a sale of 50,000 HyperFuse nodes valued at $12.8 million, starting the week of September 16, 2024. The sale aims to fund the development of the gaming platform on Solana and will offer token rewards to buyers.
Solana blockchain's native cryptocurrency, SOL, seems to be set for a rebound, given its recent market outlook. Su Zhu, the cofounder of Three Arrows Capital (3AC), highlighted the potential for SOL in an X post.
Over the past 24 hours, the Solana price has experienced a notable decline of 3.69% amid a wider market downturn.
The price of Solana (SOL) has dropped to the bottom of its chart, continuing its sideways pattern. Price analysis by Coinidol.com.
In this bearish market sentiment, the majority of cryptocurrencies have experienced notable price declines. Amid this, a crypto expert hints that Solana (SOL) is flashing a buy signal.
Sonic SVM, the Solana-based blockchain gaming-focused Layer-2 infrastructure company, has announced the imminent launch of its long-awaited HyperFuse Node sale.
Render joined Solana as top performer, helping boost the index by 1%.
TL;DR In August, most crypto assets experienced significant declines due to market volatility and macroeconomic factors, such as the collapse of the yen carry trade. Ethereum performed particularly poorly, with its value falling 24%, while Bitcoin and Solana also suffered considerable losses.
The project is taking advantage of an increasingly popular fundraising method known as "node sales" just months after a traditional $12 million fundraise.
With the whole crypto market on tenterhooks, and the U.S. non-farm payroll data expected later on Friday, sentiment is still decidedly bearish. That said, isn't it at times like these that bottoms occur?
The crypto space is now getting ready for a big altcoin bull run. This is because whales are stockpiling many crypto coins. However, only three of them are getting the most attention: Ethereum (ETH), DTX Exchange (DTX) and Solana (SOL).
The meme coin fight for dominance is raging on, with Dogecoin (DOGE), Pepe Coin (PEPE) and Shiba Inu (SHIB) in the spotlight. In more than one metric, these meme coins have tried to outshine one another, with the latest power play shifting to trading volume.
This offering bridges the gap between digital assets and everyday purchases through Solana wallet integration. It extends its reach to over 90 million Mastercard merchants worldwide.
As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.
As September 2024 unfolds, the crypto world watches closely as Solana (SOL) embarks on what could be a defining moment in its journey. The question on everyone's mind is whether Solana (SOL) can hit the $200 mark this month.
Solana (SOL) has been a hot topic in the cryptocurrency market, especially after its remarkable performance in 2023. However, 2024 has been a rollercoaster year for SOL, marked by significant volatility and uncertainty.
Cryptocurrency analyst and trader Ali Martinez is leaning cautiously bullish on an Ethereum-based altcoin. Martinez tells his 70,300 followers on the social media platform X that the native token of the Ethereum (ETH) scaling solution Polygon (POL) is forming a descending triangle pattern, on the weekly chart.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued its downtrend this week and broke below the key support at $2,400, closing with a 6% loss.
Solana faces both opportunities and challenges as it strives for price growth and ecosystem development amid regulatory scrutiny and shifting market dynamics.
Solana (SOL) has been facing significant challenges in breaking through its bull market support band, a critical resistance zone that has repeatedly stymied its upward momentum. Despite attempts to push higher, SOL has encountered consistent rejections, which has led market analysts to speculate about a potential reversal in its price trajectory.
PEPE whales are saving the meme coin's price, which has been struggling to recover its losses following a significant crash at the end of July. Despite several attempts to regain momentum, PEPE remains close to testing a critical support floor.
Analysts have forecasted a 62% surge for Solana ahead of the Breakpoint event in September.
Pepe coin price slid further in the last 24 hours as Bitcoin price dropped once more below $56,000. This happens against the backdrop of the highly anticipated Non–Farm Payrolls (NFP) report to be released on Friday, September 6, at 8:30 ET.
As the price of Bitcoin falls below the 200-day EMA, which has long been a crucial support level for the asset, the market is currently entering a bearish phase. As seen on the provided chart, the current trend indicates that BTC is moving within a clearly defined descending price channel.
WIF's rising Open Interest and positive Funding Rate suggest strong bullish reversal.
Solana (SOL), one of the leading cryptocurrencies by market cap, has recently shown signs of a potential price recovery after a bearish performance in August. The asset, which experienced nearly a 10% decline in the past week, has started to regain momentum as it entered September.
PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs.
Solana has been experiencing a rough patch recently. After reaching higher levels earlier in the year, the cryptocurrency has seen a steady decline.
According to a Thursday announcement, Pepe (PEPE) and dogwifhat (WIF) are now available for trading on Kraken Pro in Canada.