Following a recent price increase for Solana memecoin Bonk (BONK), which has increased by over 970% in the previous 30 days, crypto phone enthusiasts have started buying Solana’s Saga phone at an accelerated rate. In a tweet on December 15, Solana co-founder Raj Gokal said that sales of the company’s
In the ever-evolving landscape of cryptocurrency, competition is the driving force behind innovation and growth. As the market continues to expand, newer tokens are emerging, challenging the dominance of established players. One such emerging contender is Retik Finance (RETIK), a decentralized finance (DeFi) token that is rapidly gaining traction and
Solana and Bitcoin NFT collections have advanced this week, with Solana’s ecosystem coming in third after Ethereum. The Bitcoin network surpassed Ethereum in 24-hour sales volume on December 12th, according to statistics from the NFT data portal CryptoSlam. According to the numbers, the Solana network also has the third-highest 24-hour
In continuation of a trend spanning 11 weeks, digital asset investment products have seen a steady influx of funds, totaling $43 million, according to the latest CoinShares report. Notably, the report highlights a substantial increase in short position inflows, attributed to recent price appreciation and concerns about potential downside risks.
The co-founder of Solana, Anatoly Yakovenko, recently reflected on the path that culminated in the establishment of Solana, a cryptocurrency project with a value more than $30 billion. The Twitter post by Yakovenko commemorates the six-year anniversary of his fundraising efforts for Solana (SOL), the project he started on December
It is possible that the recent price spike of SOL was caused by the issuance of Jito tokens to users of Solana. The Jito Network airdrop caused the JTO token to surge 88% to a new all-time high of $3.18, much to the delight of the Solana community. Thanks to
According to Solana founder Anatoly Yakovenko, who recently spoke on Laura Shin’s Unchained podcast, the future of Solana’s Saga Phone is questionable due to low sales and shifting market dynamics. Earlier this year, the phone was available for purchase; in August, its price was reduced from $1,000 to $599. During
As a result of renewed hope that a spot bitcoin ETF would be approved in the United States, the crypto market is experiencing a boom, and Bitcoin broke above $44,000 for the first time since April 2022. The general market, and Solana in particular, are benefiting from this rising pattern.
As Bitcoin broke beyond the $41,500 barrier, the cryptocurrency sector as a whole has witnessed a tremendous surge. Moreover, Ethereum is also witnessing strong bullish momentum and is trading above the $2200 level at the time of writing. Furthermore, most altcoins have risen sharply, indicating widespread optimism in the cryptocurrency
Solana and most altcoins have been riding the current bullish momentum. Late Tuesday, Bitcoin’s price began to climb as Federal Reserve governor Chris Waller signaled a possible economic slowdown and continued inflation moderation, praising the “right spot” for present policies. Additionally, Waller said that there is a strong case for
