With the crypto market surpassing the $2.20 Trillion market cap, the Solana token has experienced a bullish reversal. Further, with its latest announcement of launching the second crypto phone the “Seeker” in 2025, its native token “SOL” has picked up momentum.

A bullish price prediction for Solana was recently shared by renowned trader Peter Brandt, who is well known for his accurate technical forecasts. Brandt stated that SOL was in close proximity to a crucial support area, and a breach of that support could result in a decline toward the $80 mark, but thanks to the strong support level, SOL bounced off.

As the cryptocurrency landscape continues to evolve with numerous layer-1 and layer-2 blockchains, the decentralized finance (DeFi) platform Drift is making significant advancements on the Solana (SOL) blockchain. Recently, Drift announced a successful $25 million Series B funding round led by crypto venture firm, Multicoin Capital.

Apart from SolanaFm and Coinhall acquisitions, Jupiter is launching new products, including Jupiter Mobile, created with MoonPay, allowing fee-free crypto trading via Apple or Google Pay.

Discover the Solana Play Gen1: the first Web3 gaming console on the Solana blockchain

SG Forge, a subsidiary of Societe Generale, is launching its euro-backed stablecoin, EURCV, on Solana, following its initial release on Ethereum last year.

With Solana Breakpoint Day 1 about to open in Singapore on Friday, the $SOL price has been on a surge over the last four days. Up 16.4% over this period, will $SOL now go from strength to strength and recommence its bull run in earnest?

Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement.

In a move that blends the world of traditional finance with cutting-edge blockchain technology, Franklin Templeton, a global asset manager with a cool $1.5 trillion in assets under management, has just revealed its plans to launch a mutual fund natively on the Solana (SOL) blockchain during the Solana Breakpoint 2024 event in Singapore on September 20.

The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.

Firedancer, a blockchain validator client for Solana, is expected to enhance the network's efficiency and scalability.

Solana price has soared following major announcements at Token2049, but can SOL hit $200 by October?

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase.

Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras.

At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain.

A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA).

Xandeum, a blockchain storage layer, is set to reveal its cutting-edge solution for scaling Solana's storage capacity at Breakpoint 2024 in Singapore. The highly anticipated announcement, scheduled for September 20, 2024, will also include details of Xandeum's new liquid staking platform and the official launch of the XAND token.

AVAX's 12% surge puts nearly half of its holders in profit – Can AVAX price overcome the critical resistance zone ahead?

AVAX is the other massive gainer from the larger-cap alts.

PayPal's adoption of Solana for its stablecoin highlights the growing importance of blockchain efficiency and advanced token features in digital payments. The post Token extensions are “a big good” reason why PayPal taps Solana for stablecoin, says PayPal crypto chief appeared first on Crypto Briefing.

Solana's Frankendancer upgrade, which incorporates elements of the Firedancer validator client, has gone live on the network's mainnet. Network validator Jump Crypto gave a live demo of this upgrade at the ongoing 2024 Solana Breakpoint conference.

Avalanche (AVAX) price is currently showing a bullish pattern, signaling potential for further increases. This trend of upward movement suggests more upside is ahead.

SOL's bearish price action in August coincides with declining Solana network usage. But will things get better now?

Solana based decentralized exchange aggregator, Jupiter, seems to be gone on a buying spree as the crypto bull run took a halt before entering into the next phase.

With Bitcoin touching the $64K today, the altcoins are witnessing a massive demand boost. Amid the bull market, Solana releases major development announcements at Token2049, fueling the SOL price rally.

The ramshackle validator client is a prelude to Jump's highly anticipated Firedancer software.

This new gadget is powered by the Solana blockchain, which means it's more than just another gaming console. Unlike regular gaming consoles, which are powered by companies that control everything, Web3 games give players more power.

Growth of activity on the Solana network and other details.

As of now, Solana is trading around $138, having faced challenges in breaking through the critical resistance level of $139. After a series of ups and downs, this price stagnation has raised concerns among investors about the asset's potential for further decline.

Avalanche price has remained volatile in the times when most of the cryptos traded horizontally during the 2021-22 bear market. After a steep fall from $140, the price dropped to a single-digit figure but tested the resistance between $22 and $25 quite often.

Jupiter also announced other updates, including an upgrade to its memecoin trading platform and a new mobile app.

Avalanche (AVAX) is gaining attention in the crypto world as popular trader Captain Faibik predicts a major price rise. He has spotted a bullish pattern that could push AVAX to $45 or even higher soon. Many are now watching closely to see if this potential breakout could deliver big gains for investors.

Solana (SOL) joined the recent crypto market pump after climbing 10% on Thursday. SOL's price broke above a key resistance level, reigniting the bullish sentiment among investors and traders who believe the cryptocurrency is soon poised to reclaim higher targets.

Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.

Solana's Jupiter exchange has announced the acquisition of SolanaFM and Coinhall at the ongoing 2024 Solana Breakpoint conference. The decentralized exchange (DEX) also announced the imminent launch of its Jupiter Mobile, which will help easily onboard millions of users into the Solana ecosystem.

The Fed rate cuts of 50 bps came as a huge surprise for the markets, as Bitcoin and other major cryptos witnessed a steep rise beyond their respective resistances. Besides, the memecoins have jumped into action, with POPCAT leading the rally. However, 2 popular memecoins recorded massive volumes of nearly $500 million each.

Eclipse aims to bring “Web2 scale to Web3” by combining the best of Ethereum security, Solana's speed, and Celestia's data storage capabilities.

Solana, a modern blockchain and one of the top smart contract platforms, looking at a screen grab shared by one observer on X, has achieved a remarkable milestone.

The excitement surrounding memecoins is making a notable comeback as Solana-based tokens outperform larger cryptocurrencies, particularly following the recent announcement from the Federal Reserve regarding interest rate cuts. Among the standout performers is Popcat (POPCAT), which has experienced a remarkable 36% spike in just 24 hours, bringing the token close to its all-time high achieved in July of this year, underscoring the renewed enthusiasm for memecoins amidst changing economic conditions.

Solana prices rallied today, causing the highly prominent cryptocurrency to attain its highest value in several weeks.

A cryptocurrency whale cashed out $3.2 million in PEPE, FLOKI, and WLD holdings, securing a $200,000 profit. The sell-off came after the Federal Reserves rate cut, with traders reacting to increased market volatility.

New smartphone reportedly boasts an upgraded wallet, improved security, and a fee-free dApp store to attract crypto developers and gamers.

On September 20, 2024, Solana (SOL), the sixth biggest cryptocurrency by market cap is poised for significant rally potential due to its bullish breakout and on-chain metrics. After struggling for almost three weeks, SOL has breached its consolidation zone and is now again heading toward the $165 level.

Solana unveils the PSG1, its first web3 gaming handheld, with preorders announced at the Solana Breakpoint Conference. The post Play Solana unveils first-ever crypto gaming handheld appeared first on Crypto Briefing.

Solana (SOL) hit another record: Today, it has over 75 million monthly active addresses. The surge speaks to growing popularity of the network, especially in areas like developer and user activity within the decentralized applications (dApps), DeFi, and NFT sectors.

The rise in active addresses is not just a statistic; it indicates a broader trend of increased user engagement within Solana's ecosystem. Over the past year, Solana has established itself as a key player in decentralized finance (DeFi) and non-fungible tokens (NFTs).

Solana Mobile unveils its new model, Seeker. Previously dubbed Saga Chapter Two, Seeker gains new Web3 features.