Solana is an altcoin and one of the so-called “Ethereum killers.” It supports Defi or decentralized finance projects, including smart contracts, dApps, and NFTs. The Solana token is also usable to earn and stake coins. If you have a transaction on the blockchain, you can use the Solana token for payments. Like other cryptocurrencies, Solana...Read More
The immediate upward objective for Solana (SOL) is around $47, which is an increase of roughly 20% from the stock’s current cost. On June 28, Solana (SOL) extended its upward trend, edging closer to initiating a traditional bullish reversal setting. The price for SOL increased by 2.42 percent, hitting an intraday high of $39.40. As...Read More
What transpires if a phone conversation for a multimillion-dollar margin call goes unanswered? For Sound, the second-largest decentralized finance (Defi) colony in Solana, last week, that unsettling possibility almost materialized into a nightmare. One of its most significant users, a wallet with $107 million in USDC borrowed against $170 million in SOL collateral, was completely...Read More
Solana launched a new $100 million fund this week, and the number of DAOs surged by more than 8 times due to increasing protocol activity. Decentralized autonomous organizations and new fund releases for the advancement of the Web3 ecosystem controlled the decentralized finance (DeFi) ecosystem this week. While Solana announced a $100 million DeFi fund,...Read More
Outages on the network and dwindling smart contract reserves put further downward pressure on the SOL price. As it approaches the pinnacle of its current “descending triangle” pattern, Solana (SOL) is approaching a key collapse point. The groundwork for SOL’s 40% price drop SOL’s price has been consolidating inside a range established by a falling...Read More
Solanium, Solana’s decentralized fundraising platform, allows you to receive airdrops. When you say Airdrops, these are the coins that are distributed to people when a new coin is created and the developers don’t have any more coins, they just want to get rid of those. Unfortunately, with the massive interest in the public sale as...Read More
Since the digital market of crypto earlier this May, Solana has never seen light to recovery. Solana is one of the top cryptocurrencies that has not recovered from the market crash. In the past 30 days, Solana was seen declining to over 50%, making SOL (Solana’s native token) the biggest loser of the top 10...Read More
Before May ended, Solana received some excellent news as it was affected by Bitcoin’s uptrend. Such a bullish outlook allowed SOL and other known altcoins to go up. SOL price offers opportunities Surprisingly, Solana returned to the battle arena with a $41.25 support level not just once this month but twice. Such a high time...Read More
Often referred to as SOL, Solana is a proof-of-stake protocol that is developed to support large-scale decentralized applications. Unlike other blockchain networks that use energy-intensive proof-of-work mechanisms, Solana relies on the Proof of History consensus algorithm which makes it more environmentally friendly. Moreover, the network is scalable and can process up to 50,000 transactions per...Read More
Solana, currently ranked in the top 6 within the digital world of crypto, is a cryptocurrency blockchain network that hosts decentralized apps (DApps). It is technically not new crypto but has only gained an uprise in traction and widespread popularity. Its fame attracted the attention of many crypto investors and enthusiasts, helping them discover the...Read More
