Machine Learning Algorithm Sets Solana (SOL) Price for January 1, 2023
As the year comes to an end with no significant triggers for a rally on the horizon for Solana, the focus has shifted to how SOL will begin 2023 at a point the network is recording increased development activity.
Solana Sees a Bounce From $11.85 but Bulls May Still Have a Gloomy Path Ahead
From 6 November to 21 November, Solana shed 68% of its value. It went from being valued at $36.9 to $11.3. It has not seen any higher timeframe bullish price action on the charts since then.
Solcial Goes Live On Solana Mainnet, Betting Big On User Tokens And Community Ownership
Solcial, the first Solana-based social network that allows its users to create and share content that gets rewarded fairly, has just launched on Solana’s mainnet. Since November, Solcial has been invite-only as they finalized some key features. Now with more than 1,200 users onboarded, Solcial is betting big on creators and Web3 enthusiasts that want to explore new possibilities and new income streams.
Raydium Protocol: Exploit Appears to Stem From Compromised Private Key for Pool Owner Account
If the attacker returns the funds, 10% of the total amount will be offered and considered as a white-hat bug bounty.
SOL Plummets 10% Following $2 Million Exploit on Solana-Based DEX Raydium
SOL token lost 9.5% Friday to trade at $12.82 – according to CoinMarketCap – after Solana-based decentralized exchange Raydium was compromised for $2.2 million. In an afternoon tweet on December 16, Raydium protocol wrote that the hacker overrode owners’ authority in the liquidity pools.
Raydium Hacker Swaps $2.5 Million in Stolen Crypto From Solana to Ethereum
Solana-based decentralized exchange Raydium was exploited on Friday for around $2.5 million in digital assets, the project confirmed via a Twitter thread.
Solana-Based Exchange Raydium Suffers $2 Million Exploit
Solana-based decentralized exchange platform Raydium confirmed in a tweet on Friday that it had been the victim of an exploit.
Maple Finance Unveils Major Overhaul, Stops Lending on Solana
Blockchain-based lending platform Maple Finance unveiled Wednesday a major protocol overhaul in an attempt to improve on <a href="https://www.coindesk.com/markets/2022/12/12/maple-finances-54m-of-sour-debt-shows-risks-of-crypto-lending-without-collateral/">shortcomings</a> highlighted by a spate of recent loan defaults.
Polygon’s NFT Market Demonstrates Signs of Significant Increased Adoption, but Not Growth in Sale Volume
Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows.
Solana Price Sees Downside, New Low On The Horizon?
The Solana price slid more than 3% over the last 24 hours and landed in the red. The price of the asset has been consolidating over the past few weeks. SOL has been struggling to get past its immediate resistance mark, which is further fueling the coin’s downslide. In the last week, the altcoin depreciated by over 4%.
Magic Eden Enforces Creator Royalties, Follows OpenSea
The leading marketplace for Solana NFTs is adopting an optional creator royalty model. The protocol lets creators of new NFT collections block marketplaces that refuse to grant royalties.
Hopes High as Charles Hoskinson Speaks on Solana Becoming a Sidechain to Cardano
In a casual conversation between Cardano community members and Solana community members, it appears that both parties are eyeing the possibility of Solana becoming a Cardano sidechain.
Polkadot [DOT] Out-Competes Solana and Cardano in These Metrics
A tweet on 8 December revealed that <a href="https://ambcrypto.com/polkadots-dot-weekly-roundup-has-these-interesting-insights-for-its-traders/">Polkadot</a> out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment for <a href="https://ambcrypto.com/will-dot-continue-walking-on-thin-ice-disregarding-polkadots-milestone/">Polkadot</a> declined.
Tensions Erupt Between Magic Eden and Metaplex Over Future of Solana NFTs
<a href="https://decrypt.co/resources/what-is-solana-a-scalable-decentralized-network-for-dapps" target="_blank">Solana</a> has <a href="https://decrypt.co/112110/magic-eden-flip-flops-on-solana-nft-royalties-making-them-optional" target="_blank">been ground zero</a> for the ongoing industry debate <a href="https://decrypt.co/111821/magic-eden-market-share-solana-nft-royalties" target="_blank">over enforcing NFT creator royalties</a>, and now long-simmering disputes between major players in the space have spilled out onto social media as builders try to shift the course of the Solana NFT space.
Solana’s NFT Ecosystem Stands at the Forefront; Can SOL Claim the Same
<a href="https://ambcrypto.com/?s=SOL">Solana’s [SOL]</a> NFT ecosystem gained the attention of many over the last few weeks as it achieved quite a few milestones that looked promising for the network. One of these accomplishments was Solana’s NFT sales reaching an all-time high of 6.7 million in November.
Polygon Founder Debunks Claims of Paying People To Use Chain and Acquiring Brands
Indian software engineer and co-founder of Polygon, Sandeep Nailwal, has responded to claims of Polygon using its investment funds to pay for company acquisitions and bribe people to use the chain. Nailwal’s remarks directly reply to the co-founder of Helius, a Solana-based startup, Mert Mumtaz.
Solana Gains Nearly 6% in Two Days, but Is a Bullish Break Around the Corner
<a href="https://ambcrypto.com/category/bitcoin-news/">Bitcoin</a> was back at an area of resistance that it has toiled beneath since November. The $17.6k-$18k area would be vitally important for the bulls to conquer before they can hope to make further advances. <a href="https://ambcrypto.com/?s=solana">Solana [SOL]</a> witnessed some gains in recent days but its higher timeframe downtrend remained unbroken.
InvestAnswers Host Explains Why Solana ‘Has a Very Good Chance of Surviving’
Recently, James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, explained that although Solana ($SOL) got “a black eye” thanks to its exposure to FTX and Alameda Research, it is far from dead.
Magic Eden Launches NFT Tool To Enforce Creator Royalties
The Solana-based NFT marketplace Magic Eden has <a href="https://twitter.com/MagicEden/status/1598400031999918080?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1598400035112165376%7Ctwgr%5E6717e10540f9948890952e8619898ad99a6dfe6e%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmagic-eden-follows-opensea-with-nft-royalty-enforcement-tool" target="_blank">announced</a> the Open Creator Protocol (OCP). OCP is an open-source tool that NFT creators on Solana can deploy to ensure that royalties are paid whenever their assets are traded on secondary marketplaces.
Solana Crashes 55% in November but NFT Trades Still Booming
Solana has been on a downtrend since the collapse of FTX, as investors have been selling their <a href="https://cryptoslate.com/coins/solana/">SOL</a> holdings due to its connection with the Sam Bankman-Fried crypto empire.
