Ethereum now has its own native platform — Ethervista — where people can create and launch memecoins in the same vein as Solana-based memecoin deployer Pump.fun. Ethervista is a decentralized exchange (DEX) that introduces a novel approach to liquidity management and token launches on the Ethereum network. One of its key features is the 5-day…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Saga Mobile, a subsidiary of Solana Labs, has announced its intentions to set up its Solana validator, a move that will allow it to validate transactions itself. The mobile tech firm revealed it will be working closely with Phase Labs and the Solana Foundation to realize this vision. In…
Este artículo también está disponible en español. Solana (SOL) has recently pulled back to the $137 level, a key point that could dictate its next move in the market. As the cryptocurrency tests this resistance, market participants are watching closely to see if the bears will seize the opportunity to drive prices lower, or if…
Even in a year that saw whale and institutional investors pull out their funds, Solana (SOL) price has stood strong. SOL price grew by more than 500%. From the most recent transactions, it was seen that a whale or an institutional player liquidated 695,000 SOL tokens. This was roughly $99.5 million, adding to the list of whale…
Solana marked a spike of over 5%, trading at $134. Pump.fun, a Solana-based meme coin deployer, surpassed $100 million in total revenue. The crypto market has witnessed bullish turns, with the market cap recording a 2.90% spike. Nonetheless, volatility has persisted over the past week. Solana (SOL), the fifth-largest cryptocurrency, has faced significant challenges throughout…
Solana (SOL) struggles to break $160 resistance, facing potential drop to $126. Technical indicators suggest peak bearish momentum, but historical patterns offer hope. Recovery to $169 possible with improved market sentiment and sustained buying interest. Solana (SOL) finds itself at a critical juncture as it grapples with formidable resistance at the $160 level, having made…
Pump.fun has created 5,388 new tokens on Solana. Solana (SOL) fell back at $131, following a drop of 0.63% in the last 24 hours. Solana’s meme coin market has taken a sharp decline, with a 21.7% drop over the past week. The downturn comes as the popular token launchpad, Pump.fun, witnessed a drastic drop in…
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH)…
The cryptocurrency world is ever-expanding and intriguing. The realm is constantly producing new coins that are establishing new milestones with each passing day. With XRP and Cardano showing extraordinary potential in their budding Web3 anatomy, here are the top two coins cryptocurrency fans must stash to secure long-term gains. Also Read: ASEAN Currencies Hit Global…
Digital asset investment products witnessed $305 million in outflows last week, with negative sentiment widespread among various providers and regions. CoinShares attributes this to stronger-than-expected economic data from the United States, which has lowered the probability of a 50-basis point interest rate reduction. The asset manager further expects that as the Federal Reserve approaches a…
Solana ranked second in NFT sales volume behind Ethereum in August. Significant declines in NFT buyers and sellers were noted in August. Solana’s [SOL] NFT market demonstrated notable resilience in August, emerging as the second-highest blockchain by NFT sales volume, only trailing behind Ethereum [ETH]. According to data from Coin98 Analytics, Ethereum recorded $131 million…
Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.”…
Solana’s SOL token price is grappling with persistent bearish momentum, raising concerns about the sustainability of its key support level at $132. The token has been heavily sold, triggering severe price drops and waning buyer interest, as shown by its technical analysis and on-chain metrics. Solana’s CMF Indicator Signals Waning Buyer Interest The Chaikin Money…
Like Solana, Cardano is an Ethereum competitor for smart contracts powered by blockchain techniques. But Cardano critics have said that it is overly centralized for a cryptocurrency. As a result, Solana has overtaken Cardano in total market capitalization, and Avalanche (AVAX) is close behind. The market’s favor for Solana has been especially pronounced in meme…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance…
September 2, 2024 at 06:18 AM GST updated: September 1, 2024 at 01:12 PM 2 mins read News Ethereum, Cardano, Tron, Avalanche, and Solana are developing the decentralized finance market. Each has its use cases and targets its audience. These coins are the market leaders and their developers, who determine trends and parameters concerning the…
September 2, 2024 at 04:20 AM GST updated: September 2, 2024 at 04:17 AM 2 mins read News Pump. fun generates $91M in revenue from the $SOL sales, reflecting high market interest in Solana. The sales volume at an average price of $158 per $SOL points to possibilities of stability in the cost of the…
September 2, 2024 at 12:57 AM GST 2 mins read News Solana co-founder has highlighted energy consumption differences between Bitcoin (PoW) and Ethereum (PoS). While Ethereum struggles with wider adoption despite smart contract capabilities Bitcoin remains viewed as a store of value . The shift to PoS hasn’t provided the expected price boost for Ethereum…
Editors News At the time of writing, SOL is trading at $133.45, down 2.69% in the last 24 hours. If the price manages to fall below $130 level, then it will likely test $128 support level. Recent on-chain data has shown a concerning pattern involving a whale investment in Solana (SOL). Some have speculated that…
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately…
TL;DR ChatGPT highlighted Ethereum (ETH) as the leading contender for a strong rally in the following months (among the altcoins). Somewhat surprisingly, the chatbot did not include Ripple (XRP) as one of the potential gainers. The Full List 2024 has so far been quite successful for numerous alternative coins, whose prices soared substantially. Despite the…
Recent on-chain data has revealed an alarming trend with regards to a Solana (SOL) whale investor. Specifically that the anonymous investor was seen unstaking and withdrawing a large volume of SOL, raising questions about a dump. Meanwhile, the whale movement coincides with a recent decline in SOL, further complicating SOL’s outlook. Solana Whale Activity Sparking…
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commanding a dominant 44.95% share of the net value. Tokenized Bond Market Breaks $2 Billion Barrier, With Ondo, Blackrock, and Franklin…
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather…
The Solana network’s importance has only been reinforced as it has helped drive Circle’s USDC stablecoin past the $16 trillion mark in total volume. Indeed, the second-largest stablecoin by market cap has continued to prove its worth through its performance. Yet, it has also proven the word of the Solana blockchain. The milestone is also…
August 31, 2024 at 02:18 AM GST updated: August 30, 2024 at 12:34 PM 2 mins read News The temperature of the crypto market is rising under the leadership of Bitcoin, while new-age altcoins such as Ethereum, Tether, and Solana are revolutionizing how finance will look in the years to come. These top cryptocurrencies are…
Solana (SOL) drops 25% in a month, falling below key moving averages. Technical indicators suggest continued bearish pressure and low buying interest. Price targets: potential drop to $133.64 or $110, with $148.27 as bullish recovery point. Solana (SOL) finds itself navigating turbulent waters as its value has plummeted by 25% over the past month, recently…
Solana is now trading around a critical support level after experiencing a 15% decline from its local highs at $162.36. While Solana has shown relative strength compared to other altcoins, the recent price action has introduced heightened volatility and potential risks for investors. Related Reading Fear and uncertainty currently dominate the market, with key data…
Circle’s USD Coin (USDC) stablecoin has crossed the $16 trillion mark in total cumulative volume. While this number falls short of traditional financial powerhouses like Visa, which processed over $12 trillion in payments just last year, it highlights the remarkable growth of stablecoins. Despite their relatively short existence, stablecoins have quickly established themselves as key…
The cryptocurrency market continues its descent, with Bitcoin (BTC) dipping below $58,000. The global crypto market cap has fallen 2.2% in the last 24 hours to $2.17 trillion, and price predictions suggest further declines may be on the horizon. Solana (SOL) is following BTC’s downward journey, falling 4.5% in the daily charts, 4.9% in the…
Three major crypto exchanges teased the launch of new Solana-based products. The trading platforms shared mysterious hints on their official X accounts, suggesting their entry to Solana’s Liquid Staking ecosystem. The news received a positive reaction from the crypto community, seemingly fueling a bullish sentiment among SOL investors. Related Reading Exchanges Hint At New Solana-Based…
Cryptic tweets suggest Binance and Bitget may launch a staking product involving Solana, sparking curiosity about potential benefits for SOL. The teased collaboration hints at a unique staking model allowing Solana users to earn rewards while keeping their assets unlocked, differentiating it from traditional staking. In line with recent developments when Binance and Bitget, along…
August 30, 2024 at 06:00 AM GST updated: August 29, 2024 at 09:25 PM 2 mins read News Ethereum, Cardano, Solana, Fantom and Stellar are emerging as firms changing the structure of blockchain, with different propositions in DeFi, smart contracts and cross-border payments. These platforms are advancing the functionalities and positioning of DEFI in terms…
Solana SOL has been slumping in price over the past few days, mimicking its price activity earlier this month. Despite this downtick in price, there is still plenty of attention and activity surrounding SOL. Solana achieved a significant milestone Wednesday, recording a yearly high of 2.3 million daily active users, according to data on the…
August 29, 2024 at 06:05 PM GST updated: August 29, 2024 at 06:08 PM 1 min read News Solana surpasses 30 million monthly active addresses, reflecting its growing user base. Solana handles 65,000 transactions per second, showcasing its high scalability. Over 1,000 NFT projects are active on Solana, highlighting its strong adoption in the NFT…
Crypto exchanges Binance and Bybit have hinted at launching a new Solana-related product, sparking speculation that they may enter the Solana liquid staking market. On Aug. 13, Binance’s official X account posted a cryptic “BNSOL” message followed by “coming soon” in a subsequent comment. Shortly after, Bybit announced the introduction of a new product, “bbSol,”…
Solana-based prediction market BET has hit a new milestone of $20 million in its daily volume, according to Dune Analytics data. However, a deeper look reveals a downward trend in BET’s trade count over the past three days, raising questions about how the $20 million volume was achieved. Despite this, the milestone is noteworthy as…
The seven-day chart wasn’t exactly a catastrophe for major crypto assets Wednesday, but most top coins were in the red. That included a 3% slide for Bitcoin after a sudden drop in open interest for BTC futures among institutional crypto investors. Meanwhile, Popcat showed special strength among meme coins. Most blue chip memes were down…
Solana started a fresh decline below $155 and $150. SOL price tested $140 and is currently struggling to start a recovery wave. SOL price started a fresh downward move below $150 against the US Dollar. The price is now trading below $148 and the 100-hourly simple moving average. There is a short-term declining channel forming…
Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. Solana Restaking Project Solayer Attracts $12 Million Investment According to…
August 29, 2024 at 05:17 AM GST updated: August 28, 2024 at 10:39 PM 2 mins read News Notcoin’s tap-to-earn mining model and community engagement drive its growing market interest. Jupiter’s focus on data privacy enhances its appeal in the expanding market for secure transactions. Solana’s high transaction speeds and low costs position it as…
A notable analyst has floated a new analysis for Solana. Solana has lately been tied in a complex consolidation, unable to break past its resistance levels. SOL is battling to trade past the $200 price level but has gradually been pushed to hit $146 at press time. Once the token crosses the defined resistance levels,…
Solana SOL has had one of the best 2024s in all of cryptocurrency. It is the only altcoin in the top 10 cryptocurrency list to surge nearly 700% in the last 365 days. SOL outperformed Cardano ADA, Ripple XRP, and VeChain VET this year, delivering massive returns to investors. After Bears brought the asset down…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
In a landmark moment for the digital payment firm’s crypto venture, PayPal’s PYUSD stablecoin has officially reached a $1 billion market cap. Indeed, its surge in value is attributed by some to its expansion onto the Solana network. After starting off slow, its move saw a massive activity boost. The stablecoin debuted in 2023 as…
The Solana Optimistic Network (SOON) has raised an undisclosed amount in a co-builder funding round that drew contributions from key industry figures, according to an Aug. 27 statement shared with CryptoSlate. Notable participants in the round include Solana leaders Lily Liu and Anatoly’ Toly’ Yakovenko, Coinbase Ventures’ Principal Jonathan King, and Celestia Labs co-founder Mustafa…
Since its 2022 meltdown in the wake of the FTX cryptocurrency exchange scandal, Solana (SOL) has significantly recovered. SOL’s price crashed following the exchange’s collapse in November 2022, hitting $10 by late December 2022. SOL has performed admirably since its 2022 lows, regaining the $200 mark earlier this year. Since August 2023, the asset has…
TL;DR Solana (SOL) has surged approximately 60% YTD and 670% since August 2023, with some analysts predicting significant further gains. While bullish forecasts abound, certain technical indicators suggest that SOL might face short-term corrections. . Is SOL Headed Towards Fresh Peaks? Solana (SOL) has been among the best-performing leading cryptocurrencies in the past several months….
Solana is the only altcoin in the top 10 cryptocurrency list to surge nearly 700% in the last 365 days. It outperformed Cardano’s ADA, Ripple’s XRP, and VeChain’s VET, delivering massive returns to investors in a year. Leading cryptocurrencies like Bitcoin and Ethereum have surged only 142% and 63%, respectively, since last year. SOL took…
Solana’s bullish trend is supported by rising open interest and technical indicators. Key resistance levels could determine Solana’s ability to maintain momentum. Solana (SOL) has again captured attention with its recent price movements and significant whale activity. Yesterday, Solana hit a 17-day high of $162, marking an 8% surge over the past seven days. Currently,…