Solana (SOL) has recently encountered substantial headwinds, mirroring the broader cryptocurrency market’s downward trend. The digital asset’s value has seen a notable decrease over the past ten days, prompting a reassessment of its market position by various stakeholders. Solana Institutional Investors Respond to Market Shifts According to data from CoinShares,
Bitcoin (BTC) and Ethereum (ETH), the largest cryptocurrencies by market cap, have faced a critical and dramatic downturn that panicked the global crypto community. In the unforeseen market crash, BTC plummeted by 17%, hitting its 5-month-low at $49K. Likewise, ETH recorded a severe drop of 24%, priced below the $2.5K
For the first time to date, DEXs built on the Solana network surpassed those built on Ethereum, in terms of trading volume for the month of July. Solana had more daily trading volume than Ethereum for the whole month of July, according to DeFiLlama statistics for DEX volumes by blockchain.
Amidst the fluctuating tides of the crypto market, a new contender has emerged, promising not just financial gains but also a delightful twist. Meet Samdwich (SAM), the viral memecoin on Solana that’s cooking up a storm with its unique blend of humor, food, and blockchain technology. While Shiba Inu (SHIB)
The crypto market seems littered after the Fed’s decision, resulting in increased volatility. Bitcoin and Ethereum have declined and slipped to their previous lows. Notably, Solana also stepped into bearish momentum after its brief upward breakout. SOL exhibited over -3% price decline in the past day, causing the token to
The pro-Bitcoin attitude of former US President Donald Trump may have won over many Americans. The backing he has gotten from crypto enthusiasts via contributions associated with his recent sales of Non-Fungible Token (NFT) sneakers is proof of this. Almost immediately after being listed, Trump’s Bitcoin NFT sneakers sold out.
The possibility of Solana-based exchange-traded funds (ETFs) has emerged as a topic of heated discussion. VanEck’s Head of Digital Assets Research, Mathew Sigel, has taken a bullish stance, suggesting that Solana ETFs could materialize sooner than anticipated. This optimistic outlook stands in stark contrast to the more conservative approach adopted
Optimism (OP) NFTs, Solana (SOL), and BlockDAG are capturing attention with their distinct market impacts. Optimism’s NFT trading has jumped to $547,000, reflecting its ecosystem’s expansion. Solana’s performance reaffirms its place among top investments, backed by strong support levels. BlockDAG has bolstered its market standing with a leadership reveal that
Uniswap’s market sees heightened activity as it approaches a pivotal $7.21 support level, propelled by a substantial whale acquisition of 1.43 million UNI tokens, indicative of a positive trend. Meanwhile, Solana (SOL) is in the spotlight due to its optimistic price prediction and the possibility of an ETF endorsement. Yet,
The Digital Rupee (eRupee), a new payment option for its INR consumers, is being introduced by Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. Now available, this cutting-edge wallet-based mobile payment solution gives customers a safe and practical method to conduct transactions on the platform. The
