Tag: Solana

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Solana Price Prediction as SOL Becomes 10th Most Traded Coin on the Market – Can SOL Reach $100 This Year?

February 6, 2023

SOL, the cryptocurrency that powers the high-performance smart-contract-enabled Solana blockchain, has been edging lower in tandem with the broader cryptocurrency market on Monday and price predictions are becoming more pessimistic. Despite the uninspired price action, a lot of trading is taking place under the hood. According to CoinMarketCap, Solana saw more than $600 million in…
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NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements

February 5, 2023

Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales last week with $188.51 million…
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Solana Price Prediction as SOL More Than Doubles from Recent Bottom – Can SOL Reach $1,000 in 2023?

February 3, 2023

Solana, the world’s 12th largest cryptocurrency boasting a $9.2 billion in market capitalization, has continued to turn heads with its exemplary performance since late December. Although the launch of Bonk (BONK) seemingly ignited the rally, SOL has sustained it for nearly six weeks. Solana’s price now trades at $25.00 after a 6.3% increase in 24…
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Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse

February 2, 2023

The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023, the top smart…
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Solana DeFi protocol Everlend shuts down over liquidity issues

February 2, 2023

With FTX’s ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds. Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform. The company announced the decision on Twitter on Feb. 1, stating that despite having “enough runway”…
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NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

February 2, 2023

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month. Bored Ape Yacht Club Dominates, Ethereum…
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Solana (SOL) Is The Biggest Opportunity This Cycle, Venture Capitalist Claims

January 31, 2023

Chris Burniske, a co-founder of Placeholder VC, a venture capital firm that invests in decentralized networks and Web3 services, laid out his bull case for Solana in a new episode of the Bankless Podcast. The analyst was one of the few Solana’s proponents who believed in the network’s potential, even after the FTX collapse and…
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What’s Next For Solana As Bulls Face Rejection At $25?

January 31, 2023

The Solana price has been trading extremely close to its immediate price ceiling of $25, and the coin has been struggling below the level above. SOL price moved smoothly from the $20 mark to $26, but the bulls got tired at $26, which caused the coin to dip 7.7% on the daily chart. Over the…
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5 reasons why the Aptos (APT) rally could still have wings

January 28, 2023

Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price. Aptos’ APT reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative…
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Solana DeFi project Friktion shuts down its user platform

January 27, 2023

Friktion is urging its customers to withdraw assets from the protocol as the front-end shuts down. Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26.  The project’s website will no longer deliver the same services,…
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