Solana-based investment products had seen steady inflows throughout the year after intensive performance and reliability improvements. However, investor confidence took a hit due to a network outage lasting five hours earlier this month, caused by a bug that caused transactions to enter an infinite loop, thereby impacting the network’s functionality. Solana’s Troubles Continue Among altcoins, only investment products tied to Solana experienced outflows, which surged to $3...
Read More »Solana NFT Sales Reached Massive Milestone as SOL Price Stalls at $100
Solana-based nonfungible tokens (NFTs) have reached a significant milestone, surpassing an all-time sales volume of $5 billion, according to data from CryptoSlam. This surge in activity marks a turnaround for the Solana blockchain, which struggled to gain traction in the NFT space just a few months ago. Solana Ecosystem Surges As of February 23, the cumulative sales volume for Solana-based NFTs has reached $5,014,125,016, showcasing the growing prominence of the layer-1...
Read More »Solana (SOL) Price Analysis: Bulls Struggle To Protect Key Support
Solana price started a downside correction from the $118 zone against the US Dollar. The price is now trading below $112 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $110 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $103 and $100 support levels to start another increase. Solana price is trading above $100 against the US Dollar, like Bitcoin. SOL is...
Read More »Unprecedented Weekly Inflow of $2.5 Billion for Bitcoin ETFs
CoinspeakerUnprecedented Weekly Inflow of $2.5 Billion for Bitcoin ETFs The rising inflows coincide with an increase in the price of Bitcoin, which has surged nearly 25% year-to-date. Unprecedented Weekly Inflow of $2.5 Billion for Bitcoin ETFs
Read More »Aptos Partners with Jambo to Empower Web3 Users in Developing Countries, Reveals JamboPhone
CoinspeakerAptos Partners with Jambo to Empower Web3 Users in Developing Countries, Reveals JamboPhone Both partners have rolled out a new crypto smartphone dubbed JamboPhone to make it easy for users in developing nations to access the Aptos blockchain. Aptos Partners with Jambo to Empower Web3 Users in Developing Countries, Reveals JamboPhone
Read More »Investors Place Record-Breaking Bullish Bets on Solana’s SOL Futures
CoinspeakerInvestors Place Record-Breaking Bullish Bets on Solana’s SOL Futures SOL's upward trajectory might continue for a while longer, supported by the broader market conditions, despite still being 55% below its all-time high. Investors Place Record-Breaking Bullish Bets on Solana’s SOL Futures
Read More »Crypto Stocks Rise in Pre-market as Bitcoin Nears $52,000 and Market Cap Crosses $1T
CoinspeakerCrypto Stocks Rise in Pre-market as Bitcoin Nears $52,000 and Market Cap Crosses $1T Multiple crypto stocks jumped in premarket following Bitcoin's continuous rise past the $51,000 mark as ETFs receive large inflows. Crypto Stocks Rise in Pre-market as Bitcoin Nears $52,000 and Market Cap Crosses $1T
Read More »Starknet (STRK) Token Holders Could Earn 12% Annually
CoinspeakerStarknet (STRK) Token Holders Could Earn 12% Annually The timing of Starknet's STRK token airdrop coincides with a broader trend of token distributions within the crypto space. Starknet (STRK) Token Holders Could Earn 12% Annually
Read More »Solana (SOL) Price Analysis: Uptrend Intact Above $100
Solana price started a downside correction from the $115 zone against the US Dollar. The price is now trading above $102 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $109 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $109 and $106 support levels to start another increase. Solana price is trading above $106 against the US Dollar, like Bitcoin. SOL is...
Read More »Solana Mobile Chapter 2 Bags $45M for Development from 100K Pre-orders
CoinspeakerSolana Mobile Chapter 2 Bags $45M for Development from 100K Pre-orders By offering unique capabilities centered around cryptocurrencies, Solana aims to carve out a niche that sets it apart from traditional smartphone manufacturers. Solana Mobile Chapter 2 Bags $45M for Development from 100K Pre-orders
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