Solana Shoves Polygon Out After Another Strong Week
Solana (SOL) has been the most performing digital asset in the top 15 this year by market capitalization and no one saw it coming following a poor run and a disastrous end of 2022.
Terra Classic Soars Over 4%, Ethereum And Shiba Inu Increases Over 1%
The crypto market continues to trade partially in red as Binance linking with Bitzlato financial crimes has impacted the market. Some significant coins are increasing in the last 24 hours, however, others are still slightly down.
Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?
SOL, the native currency of the Solana blockchain, has doubled its price since mid-December to hover around $21, reaching as high as $24 earlier this week, roughly where it stood before investors started fretting over its entanglement to beleaguered crypto exchange FTX and its sister company Alameda Research. Over the past week alone, SOL has risen 22%, up 114% this year. The surge started after a favourable tweet by Ethereum co-founder Vitalik Buterin, who expressed “hope” that the Solana community “gets its fair chance to thrive” in a tweet, shortly after SOL had plunged to a record low of $8.19. <br><br>Buterin’s comment headed off damage from reports that the token was the second-largest holding of Alameda Research, the trading arm of FTX whose unruly balance sheet sparked FTX’s descent into bankruptcy protection. However, SOL had already declined significantly prior to the FTX revelation. According to data from DefiLlama, the total value locked (TVL) on the Solana chain dropped 96% in 2022, from $6.68 billion in January to $206 million at the end of December. (Coindesk)
Solana Gains Over 45% In a Week, Here’s Where SOL Is Headed Next
After gaining by over 45% in the past week, Solana (SOL) seems to be preparing for yet another gargantuan move as more odds pile in its favor.
Top Analysts Share Bullish Outlooks on Solana, Predicting the 2021 ETH-like Rally for SOL
After a long period of FUD and bearish sentiments around the smart contract protocol, Solana, many popular crypto pundits, and TA experts suspect SOL to rally in the coming days or weeks.
Solflare Wallet Brings 'Priority' Gas Fees to Solana
Solflare, a wallet on the Solana network, announced on Monday that its users can now pay higher gas fees to muscle through network congestion. “Solflare is the first to implement this in a user-friendly way," Solrise Finance co-founder Vidor Gencel tweeted. “In-wallet transactions will automatically be prioritized with the current market price for fees, ensuring that your transactions are included faster than those in other wallets.” Also, "Solflare will automatically detect whether the [Solana] network is under load and slightly increase fees to prioritize your transaction over others," the company tweeted separately. "When it matters the most, your transactions will go through and be fast." (Decrypt)
SOL Goes Parabolic As Solana Exec Discloses Ultra-Bullish 2023 Strategy For Ecosystem
Austin Federa, head of strategy and communications at the Solana Foundation, has hinted at major development for the Solana network in 2023, igniting a major spike in SOL’s price after more than three months in the doldrums.
Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation
Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.
BONK Drops $90 Million in Market Cap in 10 Days: Is the Buzz Over?
The meme-based cryptocurrency, Bonk (BONK), recently had considerable capital inflows, but is now under selling pressure with the early enthusiasm around the token appearing to be waning.
Assessing if MATIC Can Defend Polygon in Solana Market Value Flip
Polygon [MATIC] displaced Solana [SOL] off the 10th position on the market capitalization standings according to information from CoinMarketCap. The ousting happened despite SOL recording more than two times MATIC’s gains in the last seven days.
