The Solana Foundation has announced several recommendations that developers should follow to cope with the high usage that the network is currently experiencing. The foundation recommended implementing priority fees, and a series of optimizations to avoid dropping transactions. Also, an improved transaction scheduler is expected to be included in the next update. Solana Foundation Makes…
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This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in…
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Monday, March 18th, 2024 – New Solana meme coin $SMOG ends Season 1 of its airdrop on April 3rd 2024 with a speculated value in the order of $1 million, pushing the price up 28% to $0.2253. To get the free tokens up for grabs in the airdrop there are a multitude of quests to…
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Joe McCann, the CEO and CIO of the crypto hedge fund Asymmetric, recently made a bold statement on X (formerly Twitter), forecasting a $1 trillion market cap for Solana. McCann’s argument hinges on several key points that detail why he believes Solana has achieved product-market fit (PMF) as “The Chain for Retail,” juxtaposing it against…
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The world of meme coins is experiencing an unprecedented surge with Solana emerging as a preferred venue for these speculative cryptocurrencies. In the last 72 hours, crypto traders have funneled approximately $100 million worth of Solana into new Solana meme coins, according to data aggregated by crypto researcher 0xGumshoe. This influx of funds comes as memecoin…
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Solana’s native token saw am impressive increase in the past 24 hours despite wider market consolidation, exceeding $200. SOL is up 10.33% in the last 24 hours and is currently trading at $204.16 at press time, per CoinMarketCap. Additionally, SOL boasts a market capitalization of over $90 billion, positioning it as the 4th largest crypto…
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Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term. SOL price gained bullish momentum and cleared the $200 resistance against the US Dollar. The price is now trading above $200 and the 100 simple moving average (4 hours).…
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Based on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and 43% against the U.S. dollar over the past week. Currently, solana surpassed the $200 mark per coin as it closed in on BNB’s market capitalization.…
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Solana Price Prediction Solana’s price prediction gains attention amid broader industry developments, such as Marathon Digital’s strategic expansion and legislative appeals to the SEC regarding cryptocurrency ETFs. Solana’s performance indicates potential shifts in the future landscape of blockchain technology. Marathon Digital Expands Influence in Blockchain with Strategic Bitcoin Mining Acquisition Marathon Digital’s latest move to…
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Amid the bullish sentiment around the crypto landscape, the Altcoin overall market cap has displayed positive strength as many investors and traders are throwing capital into several altcoins ahead of the bull cycle. Altcoin Market To Rally Toward $425 Billion Since Bitcoin has surged to a new record high, many cryptocurrency analysts anticipate a surge…
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