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.
