Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

Solana Price Analysis: SOL Price Retest The Support Zone Around $184; Will The Rally Continue, Or Their’s More To This Correction Phase.

The SOL coin is currently in a retracement phase which has plunged the coin price to the $184 support. The coin price is hovering above this level, trying to get enough support for continuing its rally. However, the price action still needs sufficient data for a bullish reversal, or this short-term fall is likely to continue. Key technical points: The SOL coin daily RSI chart displayed a significa...[Read More]

Solana Price Analysis: SOL drops 15 percent, support found at $184?

Solana price analysis is bullish today as we expect recovery after a 15 percent drop over the last 24 hours. Likely, SOL/USD will look to regain the loss later today as buying pressure returns.Cryptocurrency heat map. Source: Coin360 The market overall saw strong selling pressure over the last 24 hours. The market leader, Bitcoin, declined by 7.8 percent, while Ethereum by 9.3 percent. Meanwhile, ...[Read More]

Will Solana Overtake Ethereum? Sam Bankman-Fried Weighs In

FTX cofounder Sam Bankman-Fried didn’t rule out that Solana could possibly overtake Ethereum during his appearance on Kitco: It could happen. It could never happen. The richest crypto billionaire says that Ethereum’s native token could see broad institutional adoption even if the underlying blockchain fails to achieve the same feat. At the same time, he called attention to composability concerns s...[Read More]

Is Solana buying opportunity after the current dip?

Solana SOL/USD has weakened from its record highs above $259, registered on 06th November, to $186.3, while the current price stands at $203. Technically looking, SOL remains in a correction phase, and the risk of further decline still persists. Designed for developers Solana is one the most performant blockchain in the world that is designed to keep fees low for applications with billions of user...[Read More]

DeFi picks up the pace as alternate blockchains and NFTs boom

As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar. Even ...[Read More]

Solana based SolRazr closes $1.5M funding round to develop flagship decentralized ecosystem

Solana (SOL/USD) based venture platform SolRazr’s innovative decentralized developer ecosystem is designed to be the only developer and fundraising platform for projects building on the Solana blockchain. It comprises Launchpad, Accelerator, and Developer Tools.   Supporting DeFi growth on the SOL network SolRazr also aims to support the growth of decentralized finance on the network accordin...[Read More]

Global interest in Solana on Google rockets by over 350% year-to-date

Amid the surging value of Solana (SOL), the cryptocurrency is recording increased interest from several regions globally.  Data from the Google Trends platform indicates that interest in the keyword ‘Solana’ has surged by 354.54% year to date (YTD). The spike in searches has correlated with the tokens price movement that attained an all-time high of $145 on September 3rd. For the week ending ...[Read More]

Solana extends rally with another new high — Why is SOL price up by 70% in one week?

Solana (SOL) started Sep. 3 at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for the first time in history, following a circa 35% month-to-date rally. The huge upside move lifted the pair’s returns for the year above 7,500%, taking Solana’s mark...[Read More]

Solana to Launch Stake Pools, This Is How It Will Enable Rewards For SOL Holders

The Solana Foundation has announced Stake Pools to increase the network’s security, promote censorship resistance, and rewards SOL holders in the process. The announcement was made via their official Twitter handle. The Stake Pool program was enabled via an on-chain governance process, as the Solana Foundation said. Any SOL holder can participate in the process via SolFlare, a non-custodial wallet...[Read More]

21 Shares Launches World’s First Solana (SOL) Listed Investment Product

21 Shares, a Swiss investment firm for cryptocurrencies, is set to launch the world’s first solana (SOL) exchange-traded product (ETP), or publicly traded product. The investment product will be launched next Tuesday at SIX, Switzerland’s largest trade fair, under the stock market sticker: ASOL. These types of investment products give (institutional) investors the opportunity to invest...[Read More]

Top 3 Main IDO Platforms on Solana

The main hurdles many of the current blockchain solutions stumble on have to do in some way with the scalability aspect. In short, scalability allows for unimpeded expansion of the network that doesn’t inhibit its ability to function according to the original intent. This invisible but rather crucial wall is one of the most muddling aspects of cryptocurrency adoption. This is one of the main reaso...[Read More]

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