Analytics Firm Issues Warning, Says Ethereum Rival That's Up Over 150% Year-to-Date Losing Steam
Crypto analytics firm Santiment has warned that Solana's recent rally may be losing momentum after being propelled by the liquidation of shorts. The firm suggests that the best time to have bought into Solana was during the second week of June when funding rates had bearish spikes.
Solana's Trading Volumes Surpass $300 Million Amid Positive Developments in NFT Sales Sector
Solana, a blockchain platform known for its fast transactions and scalability, has been gaining attention in the cryptocurrency market with trading volumes exceeding $300 million. Despite a lackluster performance in Total Value Locked (TVL), the recent surge in Solana's transaction volumes and positive developments in the NFT sales sector have been notable. The positive sentiment and long position preference towards Solana suggest a favorable outlook for its future.
Coca Cola Serbia Partners With Solana-Based NFT Marketplace SolSea
On July 5, SolSea, a Solana-based NFT platform, said it had partnered with Coca-Cola Srbija, the Serbian subsidiary of Coca-Cola. The partnership will offer merchandise and a non-fungible token (NFT) of the Coca-Cola Serbian brand. The two companies have partnered with the EXIT Festival, a summer music festival held annually in the first week of July in the Serbian city of Novi Sad, to offer NFTs and merchandise. The campaign includes 100 exclusive hoodies, available to VIP members and paired with NFTs. In addition, Coca-Cola has also launched several NFT projects in cooperation with other brands.
Solana NFT Trading and Transaction Volumes Present Positivity
Solana NFT sales have increased by 26% in the past week, with a 30% rise in NFT buyers and sellers. Magic Eden is the most active platform on the Solana blockchain, with 32.23k users. The native token of Solana, SOL, has also seen a 2% surge in price over the past 24 hours, reaching a trading price of $16.27. Despite market volatility, SOL's funding rate on Binance indicates its demand in the derivatives exchange, boosting investors' confidence in the token.
Solana (SOL) Bounces Back After Significant Price Drop in November
Solana's price experienced a significant drop of around 80% in November 2022, but has since rebounded. Despite regulatory uncertainty and concerns over its classification as a security, Solana appears to be trending positively, with the Relative Strength Index indicating a bull trend.
Solana (SOL) Price Outlook Suggests Bearish Trend Despite Recent Gains
Solana (SOL) has seen gains of 15.95% in the past week, bringing its current price to $18.73. While still far from its all-time high of $260, recent gains have pushed it closer to the $20 level.
Raoul Pal Remains Bullish on Digital Assets, Gives Crypto Portfolio Update
July 4 (Cointime) - Raoul Pal, founder of Real Vision, has increased his position in digital assets during the bear market and remains bullish on them. He has heavily invested in Solana, one of Ethereum's biggest rivals, and has not made significant changes to his portfolio.
Crypto Analyst Predicts Solana Could Follow Ethereum's Parabolic Price Pattern
July 4 (Cointime) - According to a popular anonymous crypto trader, Solana (SOL) may follow the same price pattern as Ethereum (ETH) did in 2020-21. The trader suggests that Solana's price action is similar to ETH before it surged from $400 to nearly $5,000 in a matter of months.
Solana Co-Founder Says Ethereum Could Be Layer-2 for SOL
July 3 (Cointime) - According to Decrypt, Despite certain limitations and potential risks, the idea of using Ethereum (ETH) as a layer-2 for the Solana (SOL) blockchain is not as farfetched as it may seem, according to Anatoly Yakovenko, the co-founder of Solana Labs.
Firedancer Validator Client Aims to Improve Solana's DeFi State, Despite TVL Decline
July 2 (Cointime) - Solana's new validator client, Firedancer, built by Jump, could potentially improve the state of Solana's DeFi by reducing latency times and enhancing the scalability and usability of decentralized applications. This could attract more participants to the network and expand the ecosystem, fostering greater adoption of Solana-based DeFi protocols.
Solana's NFT Trading Volume Surpasses Ethereum's for the First Time in History
July 1 (Cointime) - Solana's non-fungible token (NFT) trading volume surpassed that of Ethereum, reaching $25.5 million in 24 hours compared to Ethereum's $24.5 million.
Ethereum Co-Founder Vitalik Buterin Expresses Concern Over Regulatory Pressures on Rival Crypto Projects
June 30 (Cointime) - Vitalik Buterin, co-founder of Ethereum, expressed concern over the recent regulatory pressures faced by other crypto projects, including Solana, stating that they do not deserve such treatment. He believes that it would not be honorable for Ethereum to "win" if other blockchain networks get kicked off exchanges. Buterin also noted that the real competition is not other chains, but the rapidly expanding centralized world that is imposing itself on the crypto industry.
Revolut to Delist Cardano, Polygon and Solana in the US Amid Regulatory Developments
June 30 (Cointime) - Revolut, a cryptocurrency-friendly neobank, will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States in September due to changing laws and regulations around cryptocurrency in the country. Revolut notified its U.S. customers about the change on June 29, stating that buying these tokens is immediately closed for all customers.
Solana Price Surges as mSOL Liquid Staking Gains Popularity Among Traders
June 30 (Cointime) - Solana's price has surged by 18% in the last 24 hours, almost reaching $20, making it one of the best-performing tokens on Friday. This increase is due to the popularity of liquid staking platforms like Drift Protocol, which allow investors to leverage their staked tokens by accessing liquidity through a proxy token. Drift Protocol's new feature, "Super Staking," has been rapidly adopted by digital asset traders, leading to a record-breaking surge in their daily active users. As long as Solana's price holds above the 50-day Exponential Moving Average, traders may look forward to it weakening resistance at the 100-day EMA and closing the gap to the next critical hurdle at $27.
Vitalik ：Wish all Honorable Projects a Fair Outcome in this Whole Situation
June 30 (Cointime) - Vitalik comment on Twitter, The one comment I'll make is that I feel bad that Solana and other projects are getting hit in this way. They don't deserve it, and if ethereum ends up "winning" through all other blockchains getting kicked off exchanges, that's not an honorable way to win, and in the long term probably isn't even a victory.This is especially true since the real competition is not other chains, it's the rapidly expanding centralized world that is imposing itself on us as we speak.I wish all honorable projects a fair outcome in this whole situation.
Solana's NFT Space Sees Growth with MagicEden as the Most Active Project in the Last Seven Days
June 29 (Cointime) - Over the past week, Solana's MagicEden project had the highest number of active users, and SOL's NFT space experienced growth in metrics such as transaction counts and sales volume.
deBridge Launches New Feature Allowing Solana Users to Access Applications on Other Blockchains at Low Fees
June 29 (Cointime) - DeBridge, a cross-chain bridge, has introduced a new feature that allows Solana users to access applications on other blockchains and vice versa at low fees. This feature enables Solana users to access Ethereum Virtual Machine (EVM)-based blockchains without relying on derivative or wrapped tokens, which pose security risks.
Solana Price Rallies Due to Launch of New Bridge in Ecosystem
June 29 (Cointime) - Solana's price surged on Thursday following the launch of a new bridge in the ecosystem, which allows it to communicate with Ethereum and other Ethereum Virtual Machines without the need for wrapped or derivative tokens.
Solana Price Prediction as SOL Climbs 10% in a Day - Is $30 Next?
June 29 (Cointime) - Solana (SOL) experienced an unprecedented surge in its price on June 29, surpassing all other assets in the top 100 by market cap in terms of gains. It is now positioned at the forefront of the cryptocurrency market, with a total market worth of $7.1 billion and a steady advance towards the significant milestone of $20.
Solana (SOL) Price Outlook: Potential 40% Decline Following Recent Rejection
June 28 (Cointime) - The Solana (SOL) price has dropped after failing to reclaim a crucial resistance level on June 22. Technical analysis using the daily time frame shows a decline in price since April 17, with a low of $12.80 on June 10.
