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Search Results for: SOL

Is Ethereum Trapped at $2.6K Consolidation After Bullish Attempts?

The crypto market has exhibited mixed signals in the past few weeks, as prices haven’t shown significant upward movements. While the regulatory and L2 sectors have witnessed optimal activities, prices have experienced an overall lull. Notably, Bitcoin, the largest cryptocurrency, has struggled to surpass $61K over the past week.  Meanwhile,

August 23, 2024 2 mins read

Top 5 Altcoins to Consider This Year: BlockDAG, Solana, Cardano, Chainlink, and Polkadot 

The crypto well is brimming with opportunities in 2024, especially for those willing to look beyond the well-known giants like Bitcoin and Ethereum. Altcoins, or alternative cryptocurrencies, have been on fire as of late, offering unique technologies and growth potential.  If you’re thinking about diversifying your portfolio or jumping into

August 23, 2024 4 mins read

Solana-based NFT Marketplace Magic Eden to Launch ‘ME’ Utility Token

Magic Eden is planning to introduce and use a utility token called “ME” on its Non-Fungible Token (NFT) marketplace. Importantly, the firm said that the ME Foundation is working on the token’s development. The new token is designed to make cross-chain trade easier on the platform that is built on

August 23, 2024 2 mins read

Will Solana (SOL) Hit $150 Overcoming the Bull-Bear Combat?

In the past 24 hours, the cryptocurrency market has shown bullish turns with market cap increasing 2.79% and daily trading volume surging 16.36%. Leading cryptocurrencies such as Bitcoin also showed price increases over the past day. However, the market over the past few weeks has remained uncertain with high volatility

August 22, 2024 2 mins read

Solana Could Be in Trouble as $340 Million SOL Unlock Looms on the Horizon

Solana investors are concerned as they face an impending unlock of $340 million worth of SOL tokens. With that many new tokens entering circulation, investors are concerned about increased selling pressure on Solana, which could drive the price down in an already volatile market. Meanwhile, the new ETFSwap (ETFS) presale

August 22, 2024 3 mins read

Hackers Compromise McDonald’s Instagram to Promote Solana Meme Coin

Bad actors hacked the Instagram account of fast food giant McDonald’s and promoted a meme coin based on Solana. On his X (formerly Twitter) account, which is believed to have been compromised, the company’s director of marketing also published a relevant message. After hacking into McDonald’s Instagram account, the hacker

August 22, 2024 2 mins read

Vitalik Buterin Advocates ‘Plurality’ to Resolve Multiple Domain Conflicts

Vitalik Buterin, co-founder of Ethereum (ETH), has proposed the “Plurality” philosophy to address the conflict between the cryptocurrency ecosystem and more conventional forms of governance. Though he acknowledges that this pluralistic approach may improve current systems, he fails to see any chance of a substitute. American writer and economist Glen

August 21, 2024 2 mins read

What Does This Recent Consolidated Dip Mean to Bitcoin (BTC)?

Bitcoin (BTC) has fallen below $59,000 again, leaving traders and investors anxious with its intense consolidation phase. The largest cap cryptocurrency has been in a crisis to maintain its position above the $60,000 price level. Despite breaking the resistance, BTC signals a brief bearish rally by sliding down to $58,610

August 21, 2024 2 mins read

Brazilian Regulator Greenlights Second Solana ETF This Month

Brazil’s Securities and Exchange Commission (CVM) has greenlit a second Solana ETF, marking a notable step for crypto investments in the region. This new fund is set to be launched by asset manager Hashdex, a Brazil-based asset manager managing over $962 million in assets, in collaboration with local investment bank

August 21, 2024 2 mins read