Solana gains investor favor, leading altcoin inflows as crypto funds mark four weeks of net gains. Image by Adriana, Adobe Stock. According to a recent report by CoinShares published on Monday, crypto funds have posted a net inflow for the fourth consecutive week, totaling $179 million. While Bitcoin products grabbed the largest slice of the…
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Raoul Pal, the founder of Real Vision and one of crypto frequent commentators, thinks SOL, the native currency of Solana, a smart contract platform, has “been extremely bullish all year.” In Pal’s assessment, the coin will likely double in the next few sessions, especially if there is a welcomed breakout above the immediate liquidation level. Taking to…
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Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for the cryptocurrency against the US dollar (SOL/USD). Olszewicz shared his analysis on X (formerly Twitter), commenting, “SOL iHS alert. Chart is the chart, love it or hate. Looks a helluva lot better than…
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Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit…
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While Ethereum (ETH) is struggling to stay above $1,600, investors are currently setting their sights mainly on its competitors. According to blockchain researchers, Solana (SOL) was attracting a lot of attention in the past week prior to its current downward course that coincides with a tough week in the crypto market…. Read More: Crypto News:…
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The price of Solana has plunged as the market fears a large FTX sell-off, however, it seems unlikely that the now-defunct exchange will dump all of its holdings at once. The price of Solana (SOL) has plunged more than 6% the last 24 hours, amid fears that bankrupt crypto exchange FTX may soon liquidate its…
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Solana (SOL) hit a fresh annual high of $32.13, buoyed by strong positive market movement. SOL’s price surged 23.5% in a single day at its peak. This upward swing, however, was fleeting, as sellers entered the market, exerting downward pressure on the price. Currently, SOL’s trading value stands at $27.99. Despite the pullback, it holds…
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Bitcoin’s market dominance index has failed to sustain above 50% since April 2021 — so will this time be any different? Bitcoin’s (BTC) percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s…
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The SOL token, which powers the Solana smart contracts ecosystem, is currently trading at $20.1, 60% above the lowest price point in 2022, and 30% above the lows experienced in March 2023, indicating a significant upward trend. In 2022, the Solana price experienced a sharp decline of approximately 95% due to the prolonged crypto winter…
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The cryptocurrency market is undergoing a period of instability as regulatory fears lead to a decline in the crypto total market cap. According to Coinmarketcap, the global cryptocurrency market has dropped below the $1 trillion market capitalization and is currently standing at $987 billion. With this macroeconomic backdrop, what are the best cryptos to buy…
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