In July 2024, Bitget Wallet achieved a record-breaking 1.7 million global app downloads, surpassing MetaMask’s growth for that month. This represents a significant 140% increase from the previous month, propelled by the platform’s advanced on-chain trading features, particularly for meme coins. Bitget Wallet’s prominence in the meme coin sector is
Solana (SOL) finds itself at a critical juncture as the broader cryptocurrency market grapples with bearish sentiment and underwhelming performance in Bitcoin and Ethereum ETFs. The altcoin’s recent price action has been nothing short of a rollercoaster, experiencing a dramatic 40% plunge from its peak of $193 to a low
Solana, one of the leading altcoins, is facing an 8% decline amid an overall bearish market. The total cryptocurrency market cap has dropped by 4%, with Bitcoin, the dominant cryptocurrency, experiencing a similar 4% decline, currently trading at $58,601. Despite the downturn, Solana has shown resilience in the past week.
According to blockchain data tracker Whale Alert, Binance, a prominent cryptocurrency exchange, received a large transfer of Solana. A tweet from Whale Alert states that Binance received 154,912 SOL, with a value of $23,928,285. However, the wallet’s identity remains unidentified. When they plan to sell or trade their assets, whales—large
Solana (SOL) has demonstrated remarkable resilience, successfully breaking through key resistance levels and positioning itself for potential further gains. As the fifth-largest cryptocurrency by market capitalization, SOL’s recent performance has sparked discussions about its prospects in the ongoing crypto bull run. Solana’s price action has been nothing short of impressive,
Solana (SOL) has demonstrated remarkable resilience in the face of recent market turbulence, staging a major recovery after a steep decline. The fifth-largest cryptocurrency by market capitalization has rebounded from its recent low near $110, marking a dramatic turnaround that has caught the attention of market participants. Solana shows major
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.
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
