Tag Archives: solana

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...

TL;DR Meme coins are in the spotlight due to market changes, and their success in 2024 is uncertain and influenced by various factors. Positive trends in the broader crypto market, including Bitcoin-related developments and social media hype, could impact meme coins’ performance. Newer meme coins like Bonk Inu and dogwifhat have seen growth, with their future potentially linked to the overall performance of Solana. Will Meme Coins Flourish This Year? Meme coins have been...

Solana price started a fresh increase from the $85.00 zone against the US Dollar. The price is now trading near $100.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $92.90 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $102 and $105 to continue higher in the near term. Solana price is trading above $90 against the US Dollar, like Bitcoin. SOL could start a...

The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher than those observed in 2022, marking a substantial rebound for the asset class. The majority of this recovery occurred in the final quarter,...

Solana price started a downside correction from the $125 zone against the US Dollar. The price is now trading above $105 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $104 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $104 and $100 support levels to start another increase. Solana price is trading above $100 against the US Dollar, like Bitcoin. SOL is...

TL;DR Shifts in Blockchain TVL: The year 2023 saw changes in the total value locked (TVL) rankings among various blockchain platforms, with significant fluctuations and new entries making an impact. Highlights in Blockchain Performance: Certain networks gained popularity and development recognition, outperforming rivals in aspects like Google searches, NFT sales, and on-chain trading volume. Cryptocurrency Value Fluctuations: There were notable increases in the prices of some...

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...