Tag Archives: Solana (SOL) Price

TL;DR Solana’s SOL token has shown impressive performance this year, with significant growth in price and market capitalization, making it one of the top digital currencies in the market. Future growth potential for SOL hinges on factors like technology adoption, overcoming past network issues, regulatory developments, and potential strategic partnerships, which could enhance its market value and utility. Despite its progress, SOL’s market cap is still behind major players...

TL;DR Solana (SOL) has seen a significant increase in its value throughout 2023, with notable growth, especially in mid-December. Google search interest in Solana has recently exceeded that for Ethereum, with particular popularity in countries like Spain and the Philippines. Along with its rise in search popularity, Solana has also seen a surge in trading volume and has outperformed Ethereum in certain other metrics. Solana Takes the Lead Solana’s price has exploded by...

Messari’s latest newsletter posits that the industry is witnessing crypto’s adolescence, emphasizing that smart contract blockspace is becoming a commodity. CEO Ryan Selkis acknowledged 2023 as Ethereum’s best year yet, citing its status as the strongest network in terms of community size and revenue generation through fees. However, he suggested that the crypto industry is still in its “adolescence” while asserting that smart contract blockspace is evolving into a commodity,...

Solana’s native – SOL – token has been on an absolute tear this month. After flipping XRP, it briefly surpassed BNB before settling as the fifth-largest crypto asset. Over the past week alone, SOL has surged by nearly 23%, partly fueled by the excitement surrounding airdrops, which contributed to the complete sell-out of Solana’s Saga phone and its trading at a premium on secondary markets. However, recent data indicates that SOL constitutes the largest holding of FTX and...

Solana-based popular dog-themed memecoin – BONK – has rallied by more than 537% over the past month. One of the main factors that boosted a remarkable 40% surge last week was its listing on Coinbase, which subsequently pushed its YTD increase to 850%. BONK originated last year amid the decline of sentiment surrounding the Solana ecosystem after SBF’s downfall. But the latest data suggest that it has transcended its meme origins, finding adoption in various Solana projects,...

TL;DR Significant Price Rise of SOL: Solana’s cryptocurrency, SOL, has seen a remarkable increase, soaring from about $10 at the beginning of 2023 to around $78, a 650% surge. Analysts believe there’s still room for further growth. Predictions of Continued Uptrend: Notable crypto analysts on Twitter, like Ali and Deftsuo, predict SOL could rally towards $90 and even surpass $100, based on current market trends and technical analysis. More Ambitious Predictions: Some experts...

TL;DR Solana’s Price Increase: SOL’s price surged to nearly $75 recently, a peak last seen in May 2022, and currently stands at about $71. NFT Sales Volume Growth: Solana briefly outperformed Ethereum in NFT sales volume growth, with a significant 53% weekly increase. Bonk Inu’s Exceptional Performance: The Solana-based memecoin, Bonk Inu, saw a 400% rise in its price, outstripping other popular memecoins. SOL Performing Better Than ETH in This Aspect The sixth largest...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this current percentage is also notably higher than the averages observed during the 2020/21 bull market....

TL;DR Binance Delists Russian Pairs: Binance will remove 15 Russian ruble trading pairs, including ADA/RUB, SOL/RUB, and XRP/RUB, due to security concerns and low liquidity, aligning with their strategy to exit the Russian market. Strategic Shift: The exchange’s move reflects a compliance-focused strategy, as stated by Chief Compliance Officer Noah Perlman, emphasizing a shift away from Russian operations to focus on other global markets. Cryptocurrency Price Impact: The...