Solana News Archives - Cryptolifedigital

Solana Shines as Top Crypto Prices Rebound

17Apr

By CryptolifedigitalNo Comments

Blockchain

Solana Shines as Top Crypto Prices Rebound

Relief washed over the cryptocurrency market today as major coins, including Solana (SOL), staged a notable comeback. While Bitcoin (BTC) hovered near the $64,000 mark and Ethereum (ETH) surpassed $3,100, Solana emerged as a top performer with a surge of over 7%. Solana Surges Past $140 SOL defied recent bearish trends, climbing 7.76% to settle comfortably above $140 at $142.59. This positive movement comes after a period of correction for Solana, but today's rebound signals renewed investor confidence. Despite the price increase, trading volume dipped slightly by 13.46% to $4.94 billion in the last 24 hours. Read Also: Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up Broader Market Recovery Solana's positive performance mirrored a broader market upswing. Bit...

Solana Price Jumps After Network Update Aims to Fix Congestion Issues

15Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Price Jumps After Network Update Aims to Fix Congestion Issues

Solana (SOL) is poised for a rebound after its developers implemented a software update (version 1.17.31) to address network congestion issues that have plagued the blockchain in recent months. This update coincides with a 10% surge in SOL price over the past 24 hours, suggesting renewed investor confidence. Solana Update Targets Congestion The update comes in response to a significant rise in user activity, which saw transactional volumes peak at $4 billion in March, compared to an average of $500 million daily transactions in 2023. This surge, partly fueled by the meme coin frenzy, resulted in network congestion and a spike in failed transactions. Certain smart contracts were even flagging successful transactions as invalid. Read Also: Cardano Poised for Takeoff? Analyst Predicts Bu...

Breaking News: Slothana Shatters Records with $10 Million in Presale

8Apr

By Kayode Oke MichaelNo Comments

Blockchain

Breaking News: Slothana Shatters Records with $10 Million in Presale

Slothana ($SLOTH) is a new Solana-based meme token that has gained significant popularity in recent times. The platform raised over $10 million through its unique presale model. The token’s main idea revolves around an ‘office sloth’ character who wants to leave the 9-5 grind and enter into crypto trading. Users can buy $SLOTH by sending $SOL to the token address or using the homepage widget. The $SLOTH tokens are airdropped directly to the user's wallet, eliminating the waiting time for the presale to end. Currently, early buyers can get 10,000 $SLOTH for just 1 SOL. https://twitter.com/SlothanaCoin/status/1772350526635610558 Next Solana Meme Token to Go Viral After $SLERF? Meme coins have traditionally been created on Ethereum using the ERC-20 standard, but Solana is now emerging...

In-Depth Analysis: The Impending Crypto Surge’s Impact on Solana’s Dominance

7Apr

By Kayode Oke MichaelNo Comments

Blockchain

In-Depth Analysis: The Impending Crypto Surge’s Impact on Solana’s Dominance

Cryptocurrency enthusiasts are observing a shift in the market, with new coins showing potential to challenge the top performers. Solana has been a notable name, but new contenders are poised to rise in the bull run of 2024. This article delves into which tokens could see significant growth and what that means for Solana's position in the market. Unveiling the Viral Phenomenon: BlastUP's $4 Million Success Story BlastUP, the premier launchpad on Blast, has raised $4 million in just a few weeks, attracting smart investors who recognize its potential. BlastUP token holders enjoy participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking. Read Also: Solana (SOL) Price Soars, Nears $150 Resistance Level Backed by B...

Solana Price Stalemate: Bullish Flag or Bearish Whales?

3Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Price Stalemate: Bullish Flag or Bearish Whales?

Solana (SOL) is caught in a tug-of-war between bullish and bearish signals, leaving investors unsure how to respond. Analysis identified a bullish flag pattern for SOL, suggesting a potential price rally past $200. This technical indicator points towards a breakout following a period of consolidation. Read Also: XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects Dominant Buyers, But Whale Activity Threatens Despite a recent market-wide correction, it was discovered that buyers remain dominant for SOL. However, reports of whales transferring SOL to exchanges raise concerns about increased selling pressure shortly. The H12 swing low sits at $162.45. A drop below this level would flip the market structure to bearish. Conversely, breaking and retesting the up...

Solana (SOL) Price Soars, Nears $150 Resistance Level

8Mar

By CryptolifedigitalNo Comments

Blockchain

Solana (SOL) Price Soars, Nears $150 Resistance Level

In a volatile market, Solana (SOL) has emerged as a strong performer, climbing over 5% in the last 24 hours to reach $145. This surge has ignited excitement within the community as the altcoin approaches a critical resistance level. $150: A Pivotal Point for SOL? On-chain data analysis by Santiment suggests that $150 is a significant hurdle for SOL. This price point was last seen in January 2022, and surpassing it could signal a major turning point. Read Also: XRP Price Prediction Fails to Materialize: Wall Street Veteran Shannon Thorp Reflects on Missed Forecast Tempered Optimism Despite Strong Gains Analysts acknowledge the rising optimism surrounding SOL but caution that a lack of FOMO (fear of missing out) could dampen the rally. Historically, however, such sceptic...

Solana (SOL) Faces Crucial Juncture: Bullish Momentum Above $85, but Risks Loom Below $80

5Jan

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Solana (SOL) Faces Crucial Juncture: Bullish Momentum Above $85, but Risks Loom Below $80

In the latest developments surrounding Solana (SOL), the cryptocurrency is currently navigating a critical phase in its price trajectory. The digital asset has demonstrated resilience by maintaining a strong uptrend above the $85 mark, showcasing the potential for a fresh rally unless a daily close below $80 disrupts its momentum. Read Also: Shibarium's Ambitious Burn Plans Aim to Tackle SHIB's Supply Overhang, but Challenges Persist In a recent Solana price prediction, concerns were raised about a potential downside correction as the price hinted at a short-term top near the $125 zone. Subsequently, SOL experienced a decline, breaching support levels at $115, $105, and $100. However, it managed to remain in positive territory above the 50-day simple moving average (SMA). Suppor...

Solana’s Meteoric Rise: A Comprehensive Analysis and Future Price Predictions

24Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Solana’s Meteoric Rise: A Comprehensive Analysis and Future Price Predictions

Solana, the blockchain platform known for its lightning-fast transactions, has witnessed an astounding rally of over 400 per cent in the last six months, currently hovering around the $100 price level. Unlike other cryptocurrencies experiencing a resurgence amid a recovering market, Solana's surge is distinctively driven by its underlying fundamentals. The recent surge in Solana's price has sparked speculation regarding its future trajectory, with questions arising about the sustainability of its growth and potential highs in the coming weeks, months, and even years. Notably, Solana's rally is attributed to a combination of factors, including a resilient cryptocurrency industry, marked by a 40 per cent increase in market capitalization. Read Also: FireToken Launches Presale, Promisin...

Solana (SOL) Faces Bearish Pressure Amid SEC Allegations, Investors Eyeing Potential Recovery

22Nov

By Raliat IdrisNo Comments

Cryptocurrency

Solana (SOL) Faces Bearish Pressure Amid SEC Allegations, Investors Eyeing Potential Recovery

In the wake of the U.S. Securities and Exchange Commission's (SEC) allegations against Kraken, implicating it as an unregistered securities exchange, broker, and clearing agency, the broader cryptocurrency market has felt the reverberations. Solana (SOL), specifically listed in the SEC's filing, has seen a notable decline in its price, reflecting the sensitivity of the cryptocurrency market to regulatory developments. Read Also: LUNC Breaks 200 Moving Average, Community Proposes Measures to Boost Prices to $1 SEC Allegations and Impact on Solana Following the SEC's filing, Solana (SOL) experienced a significant drop in price. After reaching a 24-hour peak of $57.7, the cryptocurrency faced a decline to a low of $52.72 by 7:15 PM on November 21. As of the latest update, Solana is tradi...

Binance Owned Trust Wallet Announces Its Support For Solana dApps

14Sep

By CryptolifedigitalNo Comments

Blockchain

Binance Owned Trust Wallet Announces Its Support For Solana dApps

Binance’s Trust wallet recently announced that it has added its support for the Solana dApps. The new development was also brought to Twitter by the Trust - Crypto Wallet. https://twitter.com/TrustWallet/status/1569672369714728964 As stated on its official website on the Tuesday announcement; “You can now connect your Trust Wallet to the top Solana dApps straight through your dApp browser on iOS and Android, or by using the Wallet Connect protocol on your desktop,” Read Also: VALR, A South Africa-Based Exchange To Add Support For Shiba Inu On Sept 13th Following the announcement, Trust wallet disclosed the particular Solana dApps it currently has connection point access to in this initial phase. The list stated by the Trust Wallet contains seven out of the Solana dApps...