Solana NFT Marketplace Archives - Page 2 of 2

Solana Trader Turns $92 Investment into $1.55 Million in 16 Days Amid Crypto Market Surges

22Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Trader Turns $92 Investment into $1.55 Million in 16 Days Amid Crypto Market Surges

As the crypto market anticipates the upcoming Bitcoin halving event, a remarkable surge has propelled the cumulative market cap beyond $1.64 trillion, reflecting a 0.33% increase over the last 24 hours. In this bullish momentum, a Solana (SOL) trader, known as Lookonchain (@lookonchain), has astounded the crypto community by transforming a $92 investment in Solana into an astonishing $1.55 million in just 16 days. Read Also: Solana (SOL) Sees Meteoric Rise, Approaching Potential Crossroads as Year Ends https://twitter.com/lookonchain/status/1737756969308729688 The trader initiated the journey on December 5 with 1.5 SOL, showcasing the rapid wealth creation potential within the crypto market. The process, meticulously detailed by Lookonchain, unfolded as the trader strategically in...

Solana (SOL) Sees Meteoric Rise, Approaching Potential Crossroads as Year Ends

22Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Solana (SOL) Sees Meteoric Rise, Approaching Potential Crossroads as Year Ends

Solana (SOL) has experienced an astonishing surge in value, skyrocketing to a new yearly high of $86.80 today. As the crypto community eagerly watches this remarkable ascent, questions arise regarding the sustainability of this upward trajectory until the year-end or the possibility of encountering a local top. A closer look at technical indicators and market analysis sheds light on the current situation. Exponential Growth and Technical Breakouts Since the beginning of the year, SOL has undergone a staggering 750% increase, rebounding from a low of $9.68 on January 1. Notably, the cryptocurrency has overcome significant hurdles, breaking both long-term horizontal and diagonal resistance trend lines. July witnessed a pivotal moment as SOL breached a descending resistance trend lin...

ChatGPT Recommends Ethereum, Polkadot, and Solana for Different Investor Profiles Ahead of Anticipated Altseason

4Dec

By OLAJIDE SAMUELNo Comments

Cryptocurrency

ChatGPT Recommends Ethereum, Polkadot, and Solana for Different Investor Profiles Ahead of Anticipated Altseason

As the crypto market gears up for a potential all-season, where alternative coins outshine Bitcoin, attention is turning towards altcoins showing promise for better performance. With Bitcoin's dominance currently at 49.625%, traders are exploring alternative options, and ChatGPT, a versatile AI with growing applications in the crypto sphere, provides tailored recommendations for investors with different risk profiles. Current Market Landscape As of the latest data from CoinGecko, Bitcoin commands a market capitalization of $770,290,720,905 with a dominance of 49.625%. In contrast, Ethereum, a leading altcoin, boasts a market cap of $259,394,948,443, but its dominance remains at 16.716%. While Ethereum and other altcoins aim to escape Bitcoin's dominance, it's clear they still have a cons...

Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge”

29Nov

By Onche Michael ONo Comments

Blockchain

Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge”

In a resounding display of bullish momentum, the cryptocurrency market is currently witnessing a significant upswing, with various digital assets, including Solana (SOL), charting substantial gains. Solana, in particular, has emerged as a top performer, experiencing an impressive 8% surge within a 24-hour period and an astounding 80% rise in the past month, briefly reaching nearly $70. Read Also: Terra Classic's Meteoric Rise: A Synchronized Climb with Bitcoin Sparks Optimism Solana's Meteoric Rise Solana's recent rally can be attributed to a combination of factors contributing to its prevailing bullish sentiment. The cryptocurrency, known for its high-speed and low-cost transactions, has gained widespread attention in recent months. The 80% surge in the past month underscores the...

Solana Is Considered Ideal For Athens DAO Because Of Its Cheap Cost And Fast Transaction.

5Jul

By Cryptolifedigital2 Comments

Blockchain

Solana Is Considered Ideal For Athens DAO Because Of Its Cheap Cost And Fast Transaction.

The idealness of Solana for DAO was made known at the Hacker House event organized by Grape, a decentralized social-networking protocol, developers after which a core contributor to Grape, Dean Pappas, said “To experiment in governance and think about all these new ideas, these wacky things, you need very cheap transactions, they need to happen fast, and you need a very good user experience.” Read Also: Cardano's On-Chain Transactions Hit Over 44 Million As It Spiked 5.44% The developers revealed that investment-focused DAO, Athens DAO, considers Solana ideal for Governance and cheap transactions. Compare to the second-largest cryptocurrency, Ethereum, the transaction costs on Solana are low and this has massively supported the high NFT transactions on its network. More also, one...

Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B

22Jun

By CryptolifedigitalNo Comments

Blockchain

Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B

As stated by Cryptoslam Solana is second to only Ethereum in terms of 24-hour NFT activity with $4.7 million in daily sales compared to Ethereum’s $15.3 million. Although many NFT collectors and investors chose Solana over Ethereum for the following reasons: Industry-standardFaster transaction times than EthereumLower costs than Ethereum One of the marketplaces for Solana NFT, Magic Eden has experienced its spike following a new round of funding. Read Also: Rev. Dr. Doge Discloses The Acceptance Of Shiba Inu Alongside Some Few cryptos As Donations By The First Miami Presbyterian Church Facts about Magic Eden Magic Eden is a community-centric company that works hard to be responsive, close to the ground, and in service to the best interests of our collections. They air...