Several analysts have given their opinion on what lies ahead for Solana (SOL). Based on their prediction, the crypto token could experience a further move to the downside as part of a price correction that seems overdue following its parabolic rise back in 2023, when it saw a gain of almost 1,000%. SOL Could Drop…
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According to on-chain data from SolanaFloor, Solana is dominating other blockchains, including Ethereum and Polygon, across various non-fungible token (NFT) activity metrics in the third week of January. Solana Dominates Ethereum, Bitcoin In NFT Activity In a post shared on X on January 23, Solana maintained its NFT dominance among competing blockchains, mainly Ethereum and other high…
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The Aave community has overwhelmingly approved a proposal that will set the ball rolling for deploying Aave V3 on Solana, a smart contracts platform. The motion, put forward by the Neon Foundation and the Aave Chan Initiative (ACI), passed with a majority vote of 83% based on results posted on January 21. Solana Fast Rising, DeFi…
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According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month. Solana Overtakes Tron In Stablecoin Transfer Volume Data from the blockchain analytics platform Artemis shows that the stablecoin transfer volume on Solana has already surpassed $300 billion in January. This…
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Solana is moving lower from the $120 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $80 support. SOL price started a fresh decline from the $120 resistance against the US Dollar. The price is now trading below $102 and the 100 simple moving average (4 hours). There is…
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With the recent approval of Bitcoin exchange-traded funds (ETFs) injecting new inflows and igniting a sense of bullish sentiment in the market, Solana (SOL) is emerging as one of the top gainers in the past 24 hours. The cryptocurrency has experienced a 4.5% surge, trading at $99, aiming to reclaim the significant $100 milestone lost…
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Solana is moving lower from the $115 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $68 support. SOL price started a fresh decline from the $115 resistance against the US Dollar. The price is now trading below $100 and the 100 simple moving average (4 hours). There is…
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As the price of Solana (SOL) has skyrocketed by an astounding 722% year-to-date, the network’s rapid growth has attracted both attention and challenges. Not only has the native token gained significant value, but the use of Solana-based meme coins such as Bonk Inu (BONK), which has grown over 854% year-to-date, and decentralized applications (dApps) have…
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Solana has continued its bullish sentiment in its ecosystem to flip Ethereum in the stablecoin market for the second week in a row, according to on-chain data. SOL’s price gain has slowed in the past week, showing a negative 2.3% in a 7-day timeframe at the time of writing. However, stablecoin transfers on the Solana…
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Solana is up over 10% and gaining pace above $105. SOL price seems to be setting up for an upside break above the $125 resistance zone. SOL price started a fresh rally above the $100 resistance against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours).…
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