Tag Archives: solana

TL;DR Dogwifhat (WIF) has rapidly increased in value in the past several weeks. Its potential to reach $1 depends on numerous factors like favorable market conditions. Short-term predictions suggest a 2024 price range of $0.33 to $0.76, while long-term expectations see it possibly exceeding $2.50 by 2030. Is There a Chance? Despite emerging less than two months ago, the Solana-based meme coin dogwifhat (WIF) managed to get a significant amount of attention. Its price spiked...

There are many reasons why Solana is one of the most popular blockchain ecosystems in the industry. With thousands of dApps, a high-performance architecture, and innovative mechanisms such as proof of history, it’s no wonder why millions of users use the blockchain for all kinds of DeFi activities. It’s not just about Solana’s native users — as the network grows, more users from other blockchains migrate their coins to Solana. Luckily for them, many cross-chain bridges exist...

Solana price gained bearish momentum below the $90 level against the US Dollar. The price is now trading below $88 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $85.80 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $90 resistance. Solana price is trading in a bearish zone below $90 against the US Dollar, like Bitcoin....

TL;DR Dogwifhat (WIF), a Solana-based meme coin, saw a substantial price increase recently. A potential surpassing of Shiba Inu’s market cap hinges on factors like community support, use cases, market trends, and more. What are the Chances? The Solana-based meme coin – dogwifhat (WIF) – has been among the best-performing cryptocurrencies in the past two weeks, with its price exploding by triple digits (per Coingecko’s data) and market cap briefly exceeding $450 million. WIF...

Solana price started a fresh increase from the $88.00 zone against the US Dollar. The price is now trading above $95.00 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance at $104.00 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $104 and $105 to continue higher in the near term. Solana price is trading above $95 against the US Dollar, like Bitcoin. SOL could start a strong...

Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga. Solana Mobile made a big impact last year when it introduced Saga, a smartphone designed specifically for cryptocurrency enthusiasts. The phone stood out because it had a built-in hardware wallet and supported decentralized apps. It was a success, and now Solana Mobile is working on a new, more affordable smartphone to attract a wider audience. According to a...

Digital asset investment products experienced a $1.18 billion increase in inflows last week, according to CoinShares. This figure, however, did not surpass the previous high set in October 2021 when futures-based Bitcoin ETFs garnered a total of $1.5 billion. The latest edition of “Digital Asset Fund Flows Weekly Report” further revealed that the trading volumes for Exchange-Traded Products (ETPs) did break records by reaching $17.5 billion last week, marking the highest...

SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH. The price of SUI, currently the 50th largest cryptocurrency by market capitalization according to CoinMarketCap data, hit a new all-time high (ATH). SUI rose to $1.43, the highest price since May 2023, shortly after the network’s launch. The platform’s market cap is now at $1.54 billion. SUI seems to be on an impressive bull run, climbing more than 10% in the last 24 hours, and...

Solana’s native SOL token was one of the best-performing crypto assets in 2023. The developer ecosystem of the Layer 1 network also showed consistent growth during the same period. In the same timeframe, the Solana ecosystem saw a notable increase in developer retention, jumping from 31% to more than 50% within a three-month timeframe. This improved retention was attributed to several factors, including advancements in developer onboarding, the growing appeal of the Solana...

TL;DR Solana’s native token SOL had a remarkable 2023, surging over 1,000% and exceeding $100. Analysts on Twitter, like Ali and JAKE, foresee potential SOL gains within the following months. Trader Alex Krüger suggests the possibility of a Solana ETF in the US next year, which could attract more capital into the ecosystem. Is SOL Ready for a Further Rally? SOL performed exceptionally last year, skyrocketing by over 1,000% and surpassing the $100 mark. Numerous experts...