Solana (SOL) had a positive month in terms of network activity, gaining a large number of users. But bears continued to exert pressure on the token’s price trajectory during this time. A major outage affected the Solana blockchain network on February 6th, keeping the network inoperable for about 5 hours.
The price of Cardano (ADA) has drifted lower in recent days, now trading under a key descending resistance level. After hitting a high of $0.69 in December, ADA has struggled to regain bullish momentum. It currently trades at around $0.48. According to technical analysis, ADA fell over 35% from its
A record number of unique addresses were formed on the Solana network in January, indicating an increase in new users, according to The Block’s statistics dashboard. As per reports, around 11.81 million new Solana addresses were established over the month. Comparatively, the network logged 10 million new addresses in December,
Solana’s native token, SOL, plunged this week after facing rejection around the $108 level, sparking debate on whether the asset can reclaim lost ground in the near future. SOL had traded rangebound between approximately $99 and $108 for over two weeks into late January, struggling to regain bullish momentum following
Rario, the world’s premier licensed digital cricket collectible platform, received significant backlash from users recently over proposed changes to its rewards system. However, the company announced this week that it has decided to walk back the adjustments and maintain the current program following pleas from collectors. In its update tweet,
XRP slipped over 5% in the last few hours, violating multiple price floors as bears seized short-term control. The token also fought to hold above the psychologically important $0.51 mark. The breakdown revives downside risks, depending on whether or not crucial support bottles up selling pressure. After spiking briefly on
After briefly trailing behind Ethereum (ETH) and Tron (TRX), Solana (SOL) surpassed them in January to become the top blockchain for stablecoin transactions. Artemis data investigation shows that stablecoin transactions on the Solana blockchain reached a whopping $497 billion in January. In the last two months, there has been a
Prominent crypto analyst Rekt Capital issued an upbeat short-term forecast for Solana’s SOL token this week, calling for a “significant surge” toward the $115 level. The prediction comes as Solana prices regain positive momentum after reclaiming former range lows. According to Rekt Capital, Solana continues tracking a predetermined price path
The Solana price notched an overdue bullish breakthrough this week, cracking a lengthy descending channel that contained its 2023 correction. The technical event is bolstering hopes that SOL’s painful crypto winter may be approaching its end. SOL surged as much as 18% from the low-$80s zone after busting out of
XRP bears have forced the token’s price into a precarious position following a punishing multi-week selloff that threatens to turn ugly. This week’s failed rally attempt marked the latest display of selling momentum, overwhelming struggling buyers near former support. The breakdown places XRP price action at the lower band of
