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Tag Archives: solana

USDC Issuer Circle Expands Support for Web3 Services on Solana

Fintech company Circle has announced support for Web3 services on the Layer 1 blockchain network, Solana. Circle said that the latest move highlighted the growing significance of stablecoins such as USDC in aiding a more inclusive financial landscape. The company aims to facilitate accessibility to USDC for both enterprises and developers while emphasizing the importance of providing the necessary tools to integrate the stablecoin seamlessly into various applications. With...

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Ripple (XRP) Included in This Prestigious List: Details

TL;DR Ripple’s XRP ranks seventh in discussion volume, likely due to the anticipation around its legal case with the SEC. The outcome of the lawsuit may significantly influence the entire cryptocurrency market. These Cryptocurrencies Lead the Pack The crypto market intelligence platform – Santiment – outlined the top 10 cryptocurrencies that have received the most attention this week.  Somewhat expectedly, the digital asset sitting at the top position is the largest by...

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Is Solana Facing an Existential Threat Like FTX Did?

The Solana network has been grappling with a significant surge in transaction failures, with approximately three-quarters of all transactions experiencing issues amidst the frenzy of activity sparked by the recent meme coin craze. Market players believe that the current crisis is an “existential moment as big as the FTX collapse.” Solana’s Failed Transaction Climbs 75% According to the latest data from Dune Analytics on April 4, over 75% of “non-vote” Solana transactions...

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Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily trading turnover now stands at $5.4 billion, representing a 36% decline from its peak three weeks ago. However,...

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Solana (SOL) Price Analysis: Dips Attractive Near $170

Solana price started a downside correction from the $205 zone against the US Dollar. The price is now trading below $190 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $190 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $172 and $162 support levels to start another increase. Solana price is correcting gains from $205 against the US Dollar, like Bitcoin....

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Solana Meme Coin Mania Far From Over as This New Contender Explodes 10x in 3 Days

The hype for Solana meme coins is not cooling down soon after dogwifhat (WIF) hit a milestone on Friday. Meanwhile, another animal-themed token is exploding in price. A new contender in the meme coin sector is catching traders’ attention —”cats in a dogs world” (MEW). Per data from CoinGecko, MEW rallied over 120% on Friday, reaching $513 million in market capitalization in just 48 hours of trading. The weekend saw even more gains, as MEW went as high as $0.008, and its...

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Crypto Sensation WIF Flips PEPE to Become the Third-Biggest Meme Coin: Details

TL;DR WIF hits a new ATH, while other meme coins such as DOGE and SHIB are also well in the green. Despite the impressive gains, investors are cautioned to be careful when dealing with assets of that type due to their infamous volatility. The trending Solana-based meme coin – dogwifhat (WIF) – seems to have no limitations, charting a new all-time high price of $4 (per CoinGecko’s data). Its market capitalization touched a whooping level of $4 billion. WIF Price, Source:...

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