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Tag Archives: sol

L2 Crypto Project Blast Crosses $822M in TVL Ahead of Next Year’s Mainnet Launch

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members. According to the latest market data provided through DeBank, Blast...

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Resurgence of Dog Tokens: Bonk vs Dogecoin and Shiba Inu

While DOGE and SHIB experienced notable gains of 16% and 10%, respectively, in the past 24 hours, Bonk outshone its counterparts with a surge exceeding 70%. In recent developments in the crypto market, the resurgence of dog-themed tokens has taken center stage, with Bonk (BONK) emerging as a formidable contender against the more established players like Dogecoin (DOGE) and Shiba Inu (SHIB). The recent resurgence in interest in these tokens has seen substantial gains for holders,...

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Solana (SOL) Price Analysis: Bulls Still Aim For Move To $75

Solana price started a downside correction from the $65.50 zone against the US Dollar. The price is now trading above $60.00 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $59.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $60.00 and $59.50 support levels to start another increase. Solana price is trading above $60 against the US Dollar, like Bitcoin. SOL...

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Solana Price Drops 7% to $60 Amidst FTX Cold Wallet Transfers 

Crypto analyst Ali Martinez has warned of a potential correction for SOL. The price of Solana (SOL) has experienced a 7% decline over 24 hours. However, at the time of writing the fall is not so critical. The coin is around 1% down. The Solana price today is approximately $60 despite the recent market corrections that saw the price of Bitcoin (BTC) and Ethereum (ETH) rise to $42000 and $2200 respectively for the first time since last year. According to CoinMarketCap data, the crypto asset,...

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Coinbase Faces SEC Charges amid Calls for Crypto Regulation Clarity

Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase was hit with charges in June for operating an unregistered securities exchange. This came after the company received a Wells Notice for potentially breaking...

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SOL Price Analysis: Solana Rally Could Resume Above $60

Solana price started a fresh increase from the $51.20 zone against the US Dollar. The price is now trading above $55.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $57.80 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $60.00 and $61.20 to continue higher in the near term. Solana price is trading above $55.00 against the US Dollar, like Bitcoin. SOL could...

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Solana (SOL) Price Analysis: Bulls Take A Break, Key Support Intact

Solana price started a downside correction from the $68.20 zone against the US Dollar. The price is now trading below $60.00 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $57.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $51.00 and $49.50 support levels to start another increase. Solana price is trading above $50 against the US Dollar, like...

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Pyth’s Blazing $77M Token Airdrop Cements Status as Chainlink Challenger

Pyth Network’s exceptional refresh rate speed sets it apart and significantly adds to its appeal, surpassing that of its competitor – Chainlink. Pyth Network, a decentralized finance (DeFi) oracle service competing with Chainlink, made headlines this week with a remarkable token airdrop valued at an astounding $77 million. The distribution of 250 million PYTH tokens to early Pyth users increased the protocol’s market capitalization beyond $765 million, highlighting the project’s growing...

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Solana Dog-Themed Meme Coin BONK Jumps Nearly 2,000% in 30 Days

The BONK token is on a parabolic rise as it continues to soar despite being a meme coin on the Solana network. Bonk Inu (BONK), the Solana network’s top meme coin, is making the news as it pumps impressively. Over the last week, the price of BONK has jumped by more than 125% according to data from CoinGecko at writing time. Data also shows that BONK has jumped more than 433% in the last 14 days and nearly 2,000% in the last month. Solana’s BONK May Trade on Major Exchanges BONK is...

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Coinbase Commerce Revolutionizes Onchain Payments with Product Updates

The platform includes a Coinbase Commerce button which allows merchants to easily accept payments for goods, services, and donations. In a groundbreaking move towards enhancing the user experience in onchain payments, Coinbase Commerce has unveiled a comprehensive set of product updates. This development, announced in a recent blog post, is set to address the challenges posed by cryptocurrency volatility, making onchain payments more accessible and seamless for thousands of global...

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