|All Time High:
|The price of #SOL today is $112 USD.
The lowest SOL price for this period was $0, the highest was $112, and the current live price for one SOL coin is $112.45291.
The all-time high SOL coin price was $260.
Use our custom price calculator to see the hypothetical price of SOL with market cap of BTC or other crypto coins.
|The code for Solana is #SOL.
Solana is 3.9 years old.
|The current market capitalization for Solana is $49,771,775,828.
Solana is ranked #5, by market cap (and other factors).
|There is a huge daily trading volume on #SOL.
Today's 24-hour trading volume across all exchanges for Solana is $3,530,354,832.
|The circulating supply of SOL is 442,601,046 coins, which is 78% of the total coin supply.
|SOL is well integrated with very many pairings with other cryptocurrencies and is listed on at least 77 crypto exchanges.
View #SOL trading pairs and crypto exchanges that currently support #SOL purchase.
|Note that there are multiple coins that share the code #SOL, and you can view them on our SOL disambiguation page.
Plans to Improve Network Upgrades
Delivering a fast, reliable and scalable network in order to move toward a better, decentralized web remains a top priority. The issues around last week’s 1.14 network update — which focused on improvements for speed and scale — made it clear how maintaining stability during these major updates remains a challenge. An investigation is still ongoing and more details will be provided here when available, but in the meantime, I want to share the plans in motion to address the balance between reliability and building a scalable and fast network, and where we go from here. Up to the 1.14 release, core engineers were working to fix live problems that were impacting the network’s speed and usability. These issues included invalid gas metering, lack of flow control for transactions, lack of fee markets, spiraling ram, storage and restart overhead. Addressing these issues was prioritized in an attempt to improve the user experience on the network. Following the latest release, core engineers plan to improve the process for software release rollouts by bringing in additional external developers and auditors to test and find exploits, and continuing to support external core engineers — including the Firedancer team building a second validator client. Improve the upgrade process Core engineers will work with validators to improve the software release process. Previous releases followed a certain pattern like the on...
Announcing the Solana Foundation x Serum DeFi Hackathon
Bringing blazing speed, low fees, and scalability to Decentralized Finance. — Register for the DeFi hackathon today at solana.com/defi for a chance to win up to $200k in prizes and an additional $200k in seed funding!** The Solana Foundation is excited to team up with Project Serum to host a global hackathon focused on DeFi! Registration for the event is now open, and the hackathon will run from February 15 through March 1st. Make sure to sign up here!Need some inspiration on what to build? Check out the list of project ideas to explore Public blockchains have enabled the proliferation of decentralized markets and are establishing a more open, transparent, and efficient financial system. The hackathon aims to bring together developers, designers, business operators, and entrepreneurs from around the world to experiment and deploy apps/tools that catapult the DeFi ecosystem forward. Anyone with an Internet connection can join, the only requirement is for builders to incorporate Solana or Serum into their project submissions. The event is supported by leading projects including Aave, Chainlink, SushiSwap, Circle, CoinGecko, and more. There is also an all-star lineup of judges and speakers from across the crypto space that are scheduled to present via live-stream throughout the registration period and hackathon. See the full event schedule at solana.com/defi. About the Hackathon By leveraging Solana’s speed, low fees, a...
Year In Review 2020
Solana Year in Review 2020Intro 2020 was a difficult and challenging year for many. Despite the global challenges, the entire Solana ecosystem flourished and grew exponentially. Overcoming many exigent tasks, Solana saw its most accomplished year to date. From launching Mainnet Beta, to growing a dedicated global community of over 650k, to onboarding over 350 validators, to partnering with leading projects such as Audius, Circle, Chainlink, Serum, Terra, Akash, and many others, and much more. Solana would not be what it is without the dedicated builders, community members, open-source contributors, and validators. On behalf of the Solana Foundation, thank you for joining us on this exciting journey to scale crypto globally. If you’re just learning about Solana, here are a few resources to get you started. Make sure to join our Discord for direct contact with an engineer, review our detailed documentation for a deep dive into Solana, and make sure to follow us on Twitter for daily updates.Ecosystem Overview Solana has grown substantially over the course of 2020, with projects such as Serum, Chainlink, Terra, Audius, USDC, and USDT all joining the Solana ecosystem. Here are some high-level stats since Mainnet Beta launch earlier in the year:Over 100 project integrations spanning DeFi, Blockchain Gaming, and Web3 verticals350+ active validators distributed across the globe8.3 billion transactions on-chain and countingOver ...
Solana Ecosystem News
A look into the growing number of projects building on Solana. This post will be updated on a bi-weekly basis with the latest news. There are now over 120 projects in the Solana ecosystem and counting! To celebrate these milestones, the Solana Foundation will be releasing a bi-weekly ecosystem update highlighting the vast array of projects using the Solana blockchain. Among these projects include unique wallet solutions, decentralized exchanges, lending protocols, staking platforms, digital games, storage solutions, and much more. The Solana ecosystem continues to grow stronger each day and we want to ensure the community gets notified of all the new projects entering the ecosystem, as well as key updates from existing teams. It’s been quite the journey and we are excited to have you with us. For anyone thinking about building on Solana, currently part of the Solana ecosystem, or anyone curious for more information please visit https://solana.com/ecosystem. On this page, you can apply for a grant, submit your project to be listed, and browse all builders in the Solana ecosystem. Ecosystem Highlights Volume FourThe SushiSwap community votes to integrate Raydium into the Sushi ecosystemUSDT is now natively supported on SolanaPARISQ integration with Solana is now live on their web portalDeFi Prime Brokerage Protocol and cross-chain decentralized wallet, Oxygen, launches on Solana/Serum.Mango Markets shares their vision to ...
Mainnet Beta Stall - Postmortem
On Friday, December 4th at 1:46pm UTC, Solana’s Mainnet Beta network halted new block confirmations, which resulted in a temporary outage. The core developer team and Solana validator community immediately responded and were able to successfully restart the network within 6 hours. This feat required consensus across 393 validators in many different time zones; while the community quickly diagnosed the issue, the majority of the outage time was due to waiting for sufficient stake weight to come back online. To be clear, no funds were at risk as a result of the network halt, and no decentralized exchange trades were at risk due to the reboot. As mentioned before, the Solana network waves a Beta flag to indicate the network is still new.Cause A validator booted up two instances of their machine and it started transmitting multiple different blocks for the same slot, eventually creating 3 different unconfirmed minority partitions of the network. This very specific set of attempted simultaneous block propagations led the network to stall because the partitions could not download different suggested blocks from each other. The stall was due to a known issue in the block propagation/repair path where duplicate blocks for the same slot cannot be repaired between partitions. If a similar partition was created by the same leader, with the same timing, same voting pattern by all the validators, but on two different slots, the network...
Announcing The SOLAR Bridge
Bridging Solana ledger data onto Arweave’s Permanent Network. — Today, Bering Waters, a leading OTC, venture, and technology group based in Hong Kong, announced the “SOLAR Bridge,” a first-of-its-kind bridge linking Solana and Arweave. The bridge is now live and was entirely designed, built, and funded as part of Bering Waters commitment to the Solana and Arweave ecosystems. This bridge is a significant development in Solana’s continued growth, making it the first blockchain to move and store its transaction history on a dedicated storage network. High-performance blockchains like Solana create an immense amount of data due to the increased amount of block production. Censorship resistant availability of the entire ledger history is necessary for allowing network participants to audit the current state. Solana produces blocks every 400 milliseconds, and the network recently passed 50 million cumulative blocks since its inception in March 2020. Currently, Solana can support up to 50,000 transactions per second and is averaging around 80,000,000 transactions per day. This is only the beginning as the network ecosystem continues to grow at lightning speed. To put these numbers in perspective, the Solana blockchain has produced more than two times the number of blocks as Ethereum, Bitcoin, Polkadot, Algorand, and Cosmos blockchains combined. Arweave is a powerful new protocol that runs a decentralized, permanent ne...
Solana Network Update — Live Updates
Solana Network Update — Live UpdatesSolana network outage on December 4th, 2020 At approximately 1:46pm UTC on December 4th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which prevented any new transactions from being confirmed. The Solana team is actively working with the validator community to restart the network. No funds are at risk, and the team’s primary focus is performing a smooth restart of the network. As information unfolds, we will continue to provide updates in this post, on Discord, and on our social platforms.UPDATE: As of 9:30pm UTC 12/7/20, Solana Engineers have identified the issue and are working on a post-mortem. Again, no funds are at risk and the network is functioning normally. Once the issue is fully patched and validators update to the fix, a comprehensive post-mortem will be published. While we work on the fix, we would like to thank the passionate and diligent global network of validators who identified this issue and coordinated to restart the network.Live Updates 1:46pm UTC: The Mainnet Beta network halted new block confirmation. Validators began to work with the team in Discord to identify the issue. 2:02pm UTC: DevOps began their investigation into the root cause of the issue. 2:18pm UTC: The validator community began collecting logs in GitHub to assist with the diagnosis. 2:45pm UTC: Initial cluster restart plans were assembled. 4:22pm UTC: The ...
Announcing the Winners of Solana’s Inaugural Hackathon
With over 1,000 registrations & 60+ project submissions from builders globally!. — To accelerate the already rapid growth of the ecosystem, the Solana Foundation hosted its first online hackathon, bringing industry leaders and builders from around the world together for two weeks of hacking on Solana. Even though the event revolved around Wormhole, a new bi-directional bridge with Ethereum, participants were encouraged to build any project that could impact the ecosystem. Over 1,000 builders registered for the Solana Wormhole hackathon, with 60+ final project submissions spanning DeFi, Web3, NFT gaming, and core infrastructure. Thank you to all who joined and created impactful products for the Solana ecosystem! We’d also like to thank our all-star lineup of judges and speakers who participated in live panels throughout the hackathon. Take a look at all the project submissions in the public directory at solana.com/hackathon. Beyond engaging with talented teams worldwide, the hackathon allowed the Solana Foundation to improve essential documentation, tooling, and other educational resources to better serve developers integrating with Solana. If you signed up for the hackathon, it would be very much appreciated if you could fill out this brief survey to give additional feedback on how to improve Solana’s developer experience. The quality and diversity of projects were impressive. However, there were 14 submissions t...
Solana Foundation Grants — Wave One
Solana Foundation Grants — Wave One Solana’s ecosystem has been expanding rapidly since the mainnet beta launch earlier this year. To accelerate the growth of the ecosystem, the Solana Foundation has started awarding grants to promising teams building projects ranging from protocol infrastructure to end-user applications. Today, the Solana Foundation is excited to announce the first wave of recipients into the Grants Program! Each of the 12 projects below brings a talented team and a strong vision to the Solana ecosystem. The Foundation is looking forward to working collaboratively with these teams and expanding the program through the end of the year and into 2021. If you’re building in the crypto space and are in need of funding, please reach out at solana.com/grants. Oracles — Chainlink Integration by C.Dot C.Dot was awarded this grant to integrate Chainlink oracles into Solana to enable a high-performance oracle that could provide on-chain price updates leveraging Solana’s sub-second block times and low transaction fees for an economically stable oracle solution. Bridges — Terra/Ethereum/Solana PoA Bridge by Everstake Everstake is an infrastructure providing core PoS staking services and is building out a Tendermint/Solana/ETH bridge. Bridges — Arweave and Solana Ledger Storage Bridge by Bering Waters Bering Waters is one of the leading OTC desks and has partnered with Ubik Group to delive...
Announcing the Solana Foundation Delegation Strategy
Allocating 100 million SOL toward censorship resistance. — This is the first post in a three-part blog series on initiatives the Solana Foundation is undertaking to enhance the network’s censorship resistance over the coming months. This post announces the Foundation’s new stake delegation strategy, while the following two posts will cover the launch of inflation and staking pools, respectively. For additional questions please join the Solana Discord. — Overview. — The Solana Foundation is committed to growing the Solana network to become the most decentralized and censorship-resistant blockchain in the world. The Foundation continues to spend a significant amount of resources innovating on how to meet these goals today and over the long-term. In accordance with its charter, the Foundation is committing to delegate 100,000,000 SOL (over 80% of the Foundation’s treasury) through an auto-delegation strategy that targets the following goals:Improve the network’s censorship resistance and security by incentivizing an even stake distribution to avoid a small number of nodes accumulating a large majority of delegationsEncourage growth in the number of validators by providing a baseline delegation, the size of which is inversely related to the size of the number of nodes on the network, to lower-staked nodes to help make running a well-performing validator a financially feasible operation for new entrants t...
More Solana (#SOL) News
|Solana Meme Coin WIF Explodes to a New ATH After 100% Monthly Surge: Det...
The cryptocurrency hit a new all-time high, briefly becoming the fifth biggest meme coin.
The niche has been thriving, with significant performances from Pepe Coin (PEPE), Floki Inu (FLOKI), and others.
The Solana-based meme coin - Dogwifhat (WIF) - seems to have no limitations, with its price hitting a fresh all-time high of around $0.66 today (February 28). Its new peak follows a highly successful month during which the asset's valuation exploded by over 100%.
WIF Price, Source: CoinGecko
A few hours ago, the token's market capitalization surged above $650 million, briefly making it the fifth biggest meme coin. However, it later slightly retraced, with CorgiAI (CORGIAI) reclaiming its position.
WIF's latest upswing coincides with a massive green wave spreading across the entire cryptocurrency market. Bitcoin (BTC) recently crossed the $57K mark, whereas Ethereum (ETH) tapped a 23-month high of over $3,200.
The meme coin sector has also been thriving. Some of the top performers include Pepe Coin (PEPE) and Floki Inu (FLOKI), which witnessed double-digit gains on a daily scale.
The latter's price literally went vertical on February 27 when the Web3 investment firm DFW Labs announced it would purchase $10 million worth of FLOKI tokens to support the project's ecosystem and aid its further development.
Other Solana meme coins, including Bonk Inu (BONK) and Myro, have also performed quite well, albeit recording more modest increases than WIF.
Those willing to dive ...
|Solana User Gears Up for Another Big Airdrop
Solana users are gearing up for another airdrop as Parcl, a Real World Asset (RWA) protocol, is ready to launch its native token, PRCL.
On Monday, the protocol disclosed its plans to launch its native token, PARCL, with an initial circulating supply of one billion tokens. Between 7% and 8% of this supply will be allocated to the airdrop, and the tokenomics will be detailed in March.
Coming in April, the PRCL Network Token symbolizes a primary step towards the progressive decentralization of the Parcl ecosystem.
Learn more below
— Parcl Limited (@ParclLimited) February 25, 2024
The PARCL token will function as a governance tool, enabling users to gain voting rights over the protocol’s trajectory. Moreover, the cryptocurrency will be integrated into the Parcl Labs API, allowing access to high-quality residential real estate data.
Parcl is currently the 12th largest DeFi protocol on the Solana ecosystem, boasting nearly $100 million in Total Value Locked (TVL). It’s backed by high-profile institutions and VC funds, with noteworthy investors such as Dragonfly Capital, Coinbase Ventures, and Not Boring.
Parcl Reveals Token Amid Solana Airdrop Frenzy
Parcl is one of the most active protocols in its category next to NFTs, which recently reached a massive milestone on Solana.
Points serve as a measure of user activity and can grant access to exclusive features or rewards. During potential airdrops, users with higher point counts typically take th...
|Bull Market Things: How This Trader Turned $310 Into Almost $1.5 Million...
Solana's meme coin WIF hit a new ATH, delivering substantial profits to early investors.
Despite the significant gains, the meme coin sector hides its risks, and investors should be extra cautious when entering it.
Making Multi-Million Profits in Mere Months
The cryptocurrency market has recently exploded, with Bitcoin (BTC) reaching almost $57,000 (a price last observed at the end of 2021).
Multiple altcoins, including recently emerged meme coins, are also well in the green, skyrocketing to unseen peaks. One example is dogwifhat (WIF), whose value has soared by approximately 50% on a daily scale, hitting an all-time high of $0.55 (per CoinGecko's data).
WIF Price, Source: CoinGecko
The asset's upswing has benefited traders who bought in its early days. According to Lookonchain, one person who purchased 2.58 million WIF tokens with only $310 worth of Solana (SOL) currently sits on paper profits of approximately $1.4 million.
The blockchain analytics platform revealed another case in which a 'smart trader' had spent 14,000 SOL ($1.54 million) to buy 4 million WIF since February 16. Due to the meme coin's price appreciation, the current unrealized profit has swelled to $582,000.
The same trader previously purchased 3.98 million WIF for 5,000 SOL and later sold the stash for 6,443 SOL, gaining around $150,000.
WIF's Rapid Progress
The Solana-based meme coin came into existence at the end of 2023 and quickly captured the att...
|SOL Breaks Above $110 but How High Can It Go? (Solana Price Analysis)
Solana returns with a vengeance after a brief dip under $100.
Key Support levels: $104Key Resistance levels: $117, $1261. Bulls Are Targeting $117
Solana did not sit long at two digits and quickly reversed course to recover some of the recent losses. This renewed rally has taken the price back on the offensive, and its target is the resistance at $117.
Chart by TradingView
2. Buy Volume Explodes
As soon as SOL's price dipped under $100, buyers rushed to take advantage of this discount. The strong buying volume managed to completely change the price action and turn this cryptocurrency bullish again.
Chart by TradingView
3. Daily RSI Reversal
Thanks to this recent performance, Solana's daily RSI has moved above 50 points and turned bullish again. This is a key signal that sentiment has changed and continuation of this rally is likely.
Chart by TradingView
The bias for SOL is bullish.
Short-Term Prediction for SOL Price
Solana is well on its way to hit $117. If it breaks above that key level, then the next target will be found at $126.
The post SOL Breaks Above $110 but How High Can It Go? (Solana Price Analysis) appeared first on CryptoPotato.
|SOL Price Restarts Rally – Why Solana Could Surge Over 10%
Solana is gaining bullish momentum above $108. SOL price is showing positive signs, and it could even surpass the $118 resistance in the near term.
SOL price started a fresh increase from the $98.50 support against the US Dollar. The price is now trading above $108 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance at $108.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $115 and $118 resistance levels. Solana Price Starts Fresh Increase
Solana price formed a base above the $98.50 support zone and recently started a fresh increase. There was a decent increase above the $102 and $105 levels.
The price is up nearly 10% and there was a move above the $108 level, like Bitcoin and Ethereum. There was a break above a major bearish trend line with resistance at $108.80 on the 4-hour chart of the SOL/USD pair. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $118.70 swing high to the $98.54 low.
Solana is now trading above $110 and the 100 simple moving average (4 hours). Immediate resistance is near the $111 level. The next major resistance is near the $114 level or the 76.4% Fib retracement level of the downward move from the $118.70 swing high to the $98.54 low.
Source: SOLUSD on TradingView.com
A successful close above the $114 resistance could set the pace for another major increase. The next key resista...
|Arbitrum Beats Ethereum and Solana With 119% Surge In NFT Sales, NFT Res...
Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has been facing a bearish week after failing to establish a new price floor and falling below the $2 level. Additionally, the unlocking event scheduled for March could negatively impact the token’s price.
Despite ARB’s recent drop, the blockchain has seen a greater performance in the non-fungible token (NFT) market, surpassing Ethereum and Solana.
Arbitrum: Top Gainer In The Last Day
Data from Crypto Slam shows that the daily NFT sales volume in the Arbitrum blockchain recovered in the last 24 hours. The blockchain is the fourth largest by total NFT volume sales, showing a recent performance larger than Ethereum or Solana.
The chart above shows that Arbitrum is the top gainer after seeing a 119.41% surge in sales volume, over $1.26 million, during the last 24 hours. The blockchain also registered an 8.09% increase in wash sales from the day prior. Despite the rise, it only accounts for 0.11%, or $1,489, of the total sales volume.
Wash trading is a practice used to inflate an asset’s value artificially. As a form of market manipulation, the trader buys and sells the same asset, usually through a third party, to create the impression of a higher market activity of said asset.
Wash sales in the NFT market can happen through a single seller creating multiple accounts to trade the NFT or two sellers scheming to buy and sell each other’s digital assets.
The Arbitrum blockchain had 8,094 transactions d...
|Solana Investor Sentiment Remains Battered With $3M Outflows: CoinShares
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 million in the past week. This latest figure nearly doubles the amount from the previous week, when Solana saw $1.6 million in outflows.
Its rival, Ethereum, on the other hand, saw inflows of $17 million.
During the same period, other altcoins, such as Chainlink and XRP, also attracted $1.8 million and $1.1 million inflows, respectively. Investment products based on Cardano and Litecoin settled with inflows of $0.4 million and $1 million, respectively.
According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin experienced inflows of $570 million last week, pushing its year-to-date inflows to $5.6 billion. However, recent price increases prompted minor inflows into short-bitcoin positions, totaling $3.9 million.
Investment products focused on digital assets saw weekly inflows reaching $598 million, according to CoinShares. This marked the fourth straight week of such inflows. As a result, the year-to-date inflows have exceeded $5.7 billion, constituting 55% of the record ...
|Solana Poised For Major Comeback – Analysts Spot Breach Of $103
In the ever-uncertain world of cryptocurrency, Solana (SOL) is generating renewed interest among analysts, with some predicting a potential comeback in the near future. However, the road to recovery might be bumpy, as bullish signals are countered by lingering resistance levels and a cautious market sentiment.
Technical Analysis Points Towards Bullish Reversal
Analyst Ali Martinez has garnered attention with his recent analysis suggesting a bullish reversal for Solana. Based on the Tom DeMark (TD) Sequential indicator, Martinez believes a four-candle rally for SOL/USDT is imminent. This optimism is further bolstered by the Moving Average Convergence Divergence (MACD) indicator, which currently sits in positive territory, often interpreted as a sign of bullish momentum.
The TD Sequential is a leading trend reversal indicator, and its recent buy signal is a significant development, explains Martinez. This, combined with the positive MACD, suggests that buyers might overpower the market and push SOL above the current resistance level, he pointed out.
The TD Sequential indicator presents a buy signal on the #Solana daily chart, suggesting a potential upswing that could span one to four daily candlesticks for $SOL. pic.twitter.com/LR0I9Y2diu
— Ali (@ali_charts) February 24, 2024
Support Levels And Resistance Hurdles
Despite the positive indicators, Martinez acknowledges the presence of hurdles. The price of SOL has faced resistance at $104.67 in recent attempts to climb hi...
|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 blockchain in the NFT marketplace. The network boasts a substantial user base, with over 2.2 million buyers and 1.6 million sellers, facilitating nearly 43 million transactions.
The recent surge in Solana NFT sales contrasts with the stagnant performance observed in the months leading up to November 2023. Monthly sales volumes hovered around $40 million, showing little signs of growth. However, this trend shifted post-October 2023.
In November 2023, Solana NFT sales skyrocketed to approximately $82 million, marking a 192% increase from the previous month. This momentum continued into December, with Solana-based NFTs recording around $365 million in monthly sales, just shy of Ethereum's $353.2 million.
Solana's increase in NFT sales aligns with the bullish trend for the Solana token, which has seen a price surge since December 2023. The current trading price stands at $102.73, marking a 302% increase over the past year based on data from Coingecko.
Although sales volume slowed slightly in January, Solana NFTs s...
|Solsniffer Is The First Token Sniffer On Solana About To Set A New Secur...
[PRESS RELEASE - Montreal, Canada, February 24th, 2024]
Solsniffer, the first blockchain intelligence tool for the Solana blockchain, is now live!
Bonk's explosive rise gave Solana an impressive boost in traders adoption, but with great power comes great challenges. The inflow of scams on Solana made it clear it needed a security upgrade.
The app allows Solana traders to make better-informed decisions by detecting security risks on Solana tokens with +18 security indicators. Some of these include mint risk, freeze risk, liquidity check, metadata immutability, and many more.
In the future versions of the blockchain intelligence tool, over 40 security indicators will be used to analyze Solana tokens, and an API will also be deployed for ecosystem partners building with our technology.
Solsniffer aims to become a leader in the blockchain intelligence sphere on Solana.
“As the first blockchain intelligence app of its kind on Solana, we believe Solsniffer represents the need for traders to be safe and to understand the risks of the tokens they interact with. It is no longer business as usual for scammers; it’s time to be a step ahead of fraud,' say the team founders.
Experienced with innovative blockchain products, the team is planning to release a new platform update every week until the roadmap is completed.
Announcements will be released in the coming weeks inside the Solsniffer Telegram community.
For more information, visit Solsniffer.
Website | Telegram Grou...
|Solana Drops Below 100-Day MA On 4-Hour Chart, SOL Price In Danger?
Having failed to break its previous high for the year, the price of Solana has continued to move downward. From the height of $118.88, the coin, which is currently ranked 5th in the crypto space with a total supply of 440,961,455 SOL and a market capitalization of $58.2 million, has made a drop of over 25% and is not showing any signs of stopping.
As of the time of writing, the price of SOL was up by 2.76% and trading around $102.63, below the 100-day moving average in the last 24 hours. Meanwhile, in the daily timeframe, the price has dropped a bearish candlestick, indicating that the price is still bearish.
The moving average indicator generally is used to determine the trend of an asset, which could be an uptrend or downtrend. Since the price of Solana is trading below the 100-day moving average, could this mean that the price has changed from an uptrend to a downtrend?
Solana On The 4-Hour Chart
A technical examination of the chart from the 4-hour timeframe and with the help of a trend line we can see that two resistance levels of $118.88 and $114.87 have been created by previous price movement. We can also see that the price has broken the support level of $103.57. Therefore, the price for the next destination might be the $92.84 support level.
This can be seen in the image below:
Also, taking a look at the 4-hour timeframe chart with the help of the MACD indicator in the above image, we can see that the MACD histogram is trending below the MACD zero line....
|Important Binance Update Affecting SOL, ETH, and FIL Users
Binance added new cryptocurrency trading pairs and bot services involving high-performing coins like SOL, FIL, and WLD.
The exchange's offering partially targeted the Turkish market with new TRY pairs, reflecting increased crypto interest in the nation's challenging economic environment.
The largest cryptocurrency exchange expanded the list of trading choices offered on Binance Spot, adding the pairs FIL/USDC, HBAR/TRY, PENDLE/TRY, and WLD/USDC.
Additionally, the company allowed trading bots services with BNB/FDUSD, DYM/USDT, ETH/FDUSD, PYTH/USDT, SOL/FDUSD, PYTH/USDT, and others.
Some of the affected cryptocurrencies, such as Solana (SOL), Filecoin (FIL), and Worldcoin (WLD), have taken center stage as of late due to their price appreciation. SOL's value skyrocketed by approximately 1,000% over the past year, currently trading above the $100 mark.
FIL and WLD have been among the best performers in the previous days. The former has soared by 8% in the past 24 hours and almost 70% on a monthly scale. WLD has charted even more impressive gains, up around 230% on a two-week basis.
Some of the introduced trading pairs focus on the Turkish lira (TRY), enabling Turks to dive deeper into the world of crypto. Locals have shown great interest in the digital asset industry in the last few years, partially due to the crash of their national currency and the worrying condition of the domestic economy.
As CryptoPotato recently reported, Bitcoin (BTC...
|Crypto Price Analysis Feb-23: ETH, XRP, ADA, SOL, and BNB
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin.
Ethereum briefly broke above $3,000 this week and booked a 4% price increase. Since tapping $3K, ETH entered into a correction, which could see the price re-test the key support at $2860.
To maintain the bullish momentum, buyers have to hold the key support and push to reclaim $3,000. Failure to do so could encourage sellers to return and take the price into a deeper correction.
Looking ahead, this cryptocurrency remains bullish on high timeframes (weekly and above). This signals that any pullbacks may be short-lived.
Chart by TradingView
After XRP successfully broke above the 54 cents resistance, the price fell, and a 5.6% loss was booked this week. If buyers manage to hold at 54 cents, then XRP can have a clear way towards its next major target at 68 cents.
The momentum indicators are losing their bullish bias on the daily timeframe, but it is too early to say if bears are making a comeback at the time of this writing.
Looking ahead, XRP must hold above 54 cents for buyers to keep their grip on the price. Losing this level would give sellers the upper hand and could see the price fall to 50 cents or lower.
Chart by TradingView
Cardano's price action is similar to Ethereum. The cryptocurrency broke above 60 cents before it turned back down to lose this key level. At the time of this writing, Cardano is found in a correction and is trading at a 3...
|Solana Price Threatens to Dip Back Below $100, But Could Bitcoin Minetri...
Solana (SOL) has struggled to gain momentum this week, with its price falling below $105 today.
This poor performance has led to worries that SOL may dip back under the $100 mark for the first time since early February.
However, one project that could be set to surge soon is Bitcoin Minetrix (BTCMTX), which has now raised over $11 million in its presale.
Solana’s Struggles Continue as Token Heads Towards $100 Level
Solana’s price action has been lackluster over the past week – a concerning trend for a top 10 cryptocurrency.
After hitting highs of $118.50 last Thursday, SOL has posted six out of seven red daily closes since then, unable to find any upside momentum.
This poor run of form now has Solana trending towards the critical $100 level, which would mark a psychologically important dip if breached.
Trading volumes have also dried up recently, declining 15% since yesterday alone.
This suggests waning interest in SOL at the moment from speculative traders.
Solana’s struggles have seen it lose ground rapidly – it has now been flipped by Binance Coin (BNB) in terms of market cap and 24-hour volumes.
Both metrics highlight how quickly Solana is losing relevance amongst the world’s top cryptos.
So, although the broader market has shown signs of consolidation lately, Solana stands out as a notable underperformer.
On-Chain Data Reveals Fading Solana Usage & Sentiment
Solana’s troubling price action can’t be blamed solely on market...
|Solana-Based Meme Coin WIF Explodes 16% Daily as SOL Price Challenges $1...
Solana's ecosystem has been booming in the past few months, giving birth to a number of meme coins that came to prominence only to decline and subsequently fade into oblivion. That hasn't been the case with WIF, however, as - by all measures - it appears that the dog, indeed, still has a hat.
Dogwifhat (WIF) has seen its price exceed $0.40 in the past 24 hours, surging by more than 16%, as seen in the chart below:
It's worth noting that WIF's move comes amid a broader market recovery, as Bitcoin's price is also pushing toward $52K at the time of this writing.
Last evening, BTC tumbled below $51K, but the dip was quickly scooped, and the price recovered.
Today, however, the market is green. Solana is also trying to push forward, currently trading at slightly below the important $110 level. The cryptocurrency is up 1% daily.
The meme coin market, in the face of the frontrunners - Dogecoin and Shiba Inu (SHIB) is also in the green. DOGE is up 0.5%, closing in on $0.085, while SHIB charted a mild increase of 1% for the day.
It's interesting to see if this particular segment will pick up in the coming days. Meme coins tend to be incredibly volatile and explosive, with their values ranging wildly in short time frames.
We have a dedicated guide on meme coins that you can find here:
What is a Meme Coin? The Biggest Meme Coins You Must Know About
For those who prefer video format, feel free to take a look at our detailed video guide:
The post Solana-Based Meme Coi...
|Altcoins Like Solana And Ethereum Are About To Explode: Analyst
A technical indicator shift has sparked predictions of an imminent altcoin surge, with one analyst on X forecasting gains as sharp as those posted in 2017 and 2021.
This Technical Indicator Just Shifted To Green
Taking to X, the analyst said this optimism follows a change in the Gaussian Channel, a technical indicator used to assess market momentum. On X, the trader notes that the Gaussian Channel has, after weeks, flipped from red to green.
Reading from historical performance and indicator changes suggests that there could be a bullish shift for leading altcoins like Ethereum, Solana, and even Dogecoin in the days ahead.
However, from a technical standpoint, this upswing would be better confirmed once there is a comprehensive breakout above the immediate resistance. If this happens, the altcoin market could have a 'parabolic' rally.
The broader crypto market is bullish, sparked by the encouraging Bitcoin rally. The world's most valuable coin trades above $50,000, trending at December 2021 levels. Supporters are optimistic that not only will Bitcoin register more gains in the days ahead but will likely float to break November 2021 highs.
This uptick in demand follows institutions and investors leveraging spot Bitcoin exchange-traded funds (ETFs) to hold Bitcoin.
Surging Bitcoin prices have immensely benefited coins like Solana and Ethereum and meme coins like BONK, which continue to trend. To illustrate, SOL is now trading above $100 despite a recent netw...
|Analysts Reveal Next Steps As Solana Corrects Hard After 1000% Rally
Several analysts have given their opinion on what lies ahead for Solana (SOL). Based on their prediction, the crypto token could experience a further move to the downside as part of a price correction that seems overdue following its parabolic rise back in 2023, when it saw a gain of almost 1,000%.
SOL Could Drop To As Low As $70
Crypto analyst Bluntz Capital suggested in an X (formerly Twitter) post that Solana could drop to as low as $70. From the chart that he shared, he looked to be analyzing SOL’s price movement using the ABC pattern, with a move to $70 being the C wave. If SOL were to drop to that price level eventually, Bluntz mentioned that he would be “max bidding SOL” as he foresees a further move to the upside once the correction is done.
Professional Crypto Derivative Exchange Bitunix shared their SOL price analysis in an X post. They highlighted how the crypto token has broken out of its triangle, something which signals more downside ahead. SOL may initially fall to as low as $76 as a result of this. They noted that Solana had broken its lows as expected and raised the possibility of a “steeper drop” being imminent.
Meanwhile, crypto analyst Tryrex Crypto stated that he is betting on a crash back to $71 for SOL. He mentioned how tempting it might be to open a long position right now and expect a bounce on the current support level. However, he seemed skeptical of such a move as he claims that the previous bounc...
|Airdrops on Solana Guide: The Most Popular Protocols Without a Token (UP...
Airdrops are popular for several reasons: they are a dynamic and non-expensive marketing strategy for DeFi protocols and offer potentially lucrative rewards for early users.
That last point has airdrop farmers actively pursuing and researching DeFi protocols that might launch a token anytime soon.
If you’ve noticed, there are several tokenless protocols that have a points system. That’s because DeFi protocols love to offer points before an airdrop.
Below, we will take a look at the major protocols that have yet to drop a token but have somewhat hinted at a potential airdrop through points systems or otherwise.
Useful guides to read before starting to dive into airdrops on Solana:
What Are Crypto Airdrops And How to Find the Next Major One?
7 Best Solana (SOL) Wallets: Full Comparison (Updated 2024)
How do Solana Airdrops Work?
Many projects decide to create a points system. It then helps them to quantify the number of tokens various user groups should receive and streamline the process, while also providing users with a purpose and an incentive system to keep using the protocol.
Points can be used for different reasons but mainly to incentivize users to remain actively engaged in the network; the more activities they perform — e.g., lending or staking their assets in a protocol — the more points they collect, providing them with benefits like access to exclusive features or rewards.
In a potential airdrop, users with the highest number of points are...
|Here's Why Solana Meme Coin WIF Exploded by 30% Today
Dogwifhat (WIF), a Solana-based meme coin, has experienced a significant price increase following support from a major crypto exchange.
Similar digital assets have also seen notable market movements recently.
The recently-emerged Solana-based meme coin - dogwifhat (WIF) - is among the best-performing cryptocurrencies today (January 24), with its price rallying by over 30% and exceeding the $0.30 mark (per CoinGecko's data).
WIF Price, Source: CoinGecko
The reason behind the uptrend is likely in the fact that Bitget added support to the asset, placing it into its Innovation and Meme Zone.
The company puts trending tokens in that section for a 60-day valuation period. Meeting certain criteria might lead to their official listing on the platform.
Other crypto exchanges that have recently embraced dogwifhat are Binance, Bybit, and BitMEX.
Another factor possibly contributing to WIF's latest rise could be the price resurgence of SOL, which is up 8% on a daily scale.
Dogwifhat is not the only Solana meme coin to have made waves in the past few months. As CryptoPotato previously reported, Bonk Inu (BONK) received support from leading exchanges like Binance and Coinbase, and its market capitalization surpassed the $2 billion milestone in mid-December.
However, the figure rapidly decreased in the following weeks, sitting at its current level of approximately $670 million.
Myro (MYRO) has also been in the spotlight, with its value skyrocketi...
|Solana Dominates Ethereum, Bitcoin In NFT, Activity: What's Next For SOL...
According to on-chain data from SolanaFloor, Solana is dominating other blockchains, including Ethereum and Polygon, across various non-fungible token (NFT) activity metrics in the third week of January.
Solana Dominates Ethereum, Bitcoin In NFT Activity
In a post shared on X on January 23, Solana maintained its NFT dominance among competing blockchains, mainly Ethereum and other high throughput alternatives. Thus far, the blockchain has the highest numbers in unique wallets, transactions, unique buyers, and first-time wallets over the past week.
To illustrate, Solana had over 106,000 unique wallets by the third week of January 2024. This is more than twice those created in Ethereum. Meanwhile, there were over 22,000 first-time wallets on Solana, roughly 3X those in Ethereum and 2X in Bitcoin.
At the same time, more than 2.8 million transactions were posted on Solana. This figure is over 20X those in Ethereum during the same time frame.
Extrapolating from this data suggests that the blockchain is increasingly popular among NFT projects, collectors, and traders. Several factors could be contributing to Solana's NFT success.
The platform is known for its high throughput and low transaction fees. Considering how minters and active traders are sensitive to trading fees, Solana is emerging as a layer-1 option for projects wishing to enjoy the security of the mainnet while also benefiting from low transaction fees.
Legacy chains, including Ethereum, ...
|Report: Ethereum and Solana Showcase Unique Market Dynamics in Recent Al...
In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this phenomenon. Altcoin Dynamics Altered: Ethereum and Solana Lead Post-ETF Era
In the latest edition of Glassnode's 'The Week Onchain,' Alice Kohn's research, published on Jan. 23, 2024, highlights ethereum's (ETH) standout performance, marked by a notable surge in derivatives market activity, and the impressive journey of solana (SOL), especially post-bitcoin exchange-traded fund (ETF) approval. Ether has recently outshone bitcoin, recording its strongest performance since late 2022. Kohn's report notes a surge of over 20% in ethereum's value relative to bitcoin, coinciding with a revitalized interest in ethereum's derivatives market.
This resurgence, signaling a potential shift in capital flows, has led to increased speculation about a forthcoming spot-based ethereum ETF. However, despite these gains, ethereum still trails behind the broader altcoin market in terms of momentum, underperforming by 17%. Solana, on the other hand, has charted a different course, Glassnode's report details. SOL witnessed exceptional price performance last year, despite setbacks linked to its association with FTX.
SOL has significantly outperformed ETH in this period, with the SOL/BTC ratio increasing by 290% since October 2023. In...
|Bitcoin (BTC) Crash Warning, Solana (SOL) Meme Coins See Downturn, Pulli...
Despite the excitement generated by the Bitcoin ETF approval, the aftermath has seen Bitcoin (BTC) and many altcoins nosedive. However, Solana (SOL) is defying all odds with the platform memecoins making impressive rallies despite the general crypto market's negative trends.
Meanwhile, Pullix (PLX) has sold over 75 million tokens in the ongoing 6th stage of presale with over $4 million raised. With its hybrid model, Pullix is set to launch its platform soon which investors are eyeing at the moment.
Pullix (PLX) Has Raised Over $4 Million in Presale
With Bitcoin and Solana posting contrasting performances, Pullix presale has been a huge success with over $4 million worth of PLX tokens sold so far. Out of many exchanges, Pullix will be the first that tackles the issues of liquidity and transparency that have plagued the crypto exchanges for a long time.
With investors losing trust in exchanges as a result of unsafe investment, Pullix will step in to create a hybrid approach where liquidity and enhanced security will be the utmost objectives. With Pullix, investors hold the key to their assets with no interference whatsoever from any third party. This will pave the way for independent trading, robust security mechanisms, and regained trust among investors.
By incentivizing users to provide liquidity, Pullix will be able to offer better liquidity than many platforms, thereby attracting more admirers and driving up the demand for Pullix utility tokens. With a series of trading fe...
|Is the Solana (SOL) Price About to Crash to $70? Analyst Explains
X user Bluntz predicts further decline in Solana's price, viewing it as a buying opportunity.
Solana's on-chain trading volume decreases, but NFT sales volume increases.
Is SOL Headed for a Further Decline?
According to the popular trader using the X (Twitter) handle Bluntz, Solana's price might be poised for an additional plunge in the following weeks. The analyst also believes that SOL has recently charted a specific trajectory called the 'B wave triangle.'
The pattern is one of the stages in the Elliott Wave Theory and occurs during the correction phase. In the 'B wave triangle,' the value of a certain cryptocurrency creates a series of lower highs and higher lows and suggests a period of consolidation before making a significant move in any direction.
Bluntz sees the potential SOL decrease as a buy-the-dip opportunity, saying 'max bidding' will begin if the price retraces to 'low 70s.'
Shortly after, the trader noted Solana's drop below the previously depicted resistance level of $87, asking if bulls had already started buying.
The X users Ali and JAKE also laid out SOL predictions as of late. The former envisioned a rally toward $163 should the asset surpass the resistance mark of $110. JAKE was even more bullish, praising Solana's 'robust' ecosystem and setting a staggering tag of $750 per coin. Those willing to explore additional forecasts can take a look at our latest video below:
Taking a Closer Look at Some On-Chain Met...
|Solana Price Plunges Another 4% But New Altcoin Bitcoin Minetrix Nears $...
Solana’s (SOL) price has continued to slide this week, dropping another 4% over the past 24 hours to hit $82.60.
This decline comes amidst ongoing weakness in the broader crypto market, with Bitcoin (BTC) and Ethereum (ETH) also posting losses.
However, while Solana struggles, the new altcoin Bitcoin Minetrix (BTCMTX) has seen enormous success in its presale – and is fast approaching the $10 million funding milestone.
Solana Price Drop Deepens Following Rejection of $126 Resistance
Since hitting a high of $126.25 on December 24, the SOL price has declined sharply, now trading 34% below that level.
SOL has closed bearishly in three of the last four weeks and is trending towards another red close this week.
Looking at the technicals, a key catalyst for Solana’s downfall appears to be rejecting the $126 zone as resistance.
This zone was tapped back in March 2022 and led to Solana shedding almost 95% of its value in the ten months that followed.
SOL holders hope a similar scenario doesn’t play out this time, given the impressive run the token has been on.
The next key level that traders will be watching closely is $78, which acted as a minor resistance region in early December.
Should SOL return to this area, the hope is that it will act as support – creating a base to stop the ongoing downtrend.
Spot Bitcoin ETFs Trigger Broader Market Slide, Dragging Down SOL
Despite Solana’s recent slide, there hasn’t been any major network issue or ...
|Aave V3 Ready For Solana After This Crucial Vote Passed
The Aave community has overwhelmingly approved a proposal that will set the ball rolling for deploying Aave V3 on Solana, a smart contracts platform. The motion, put forward by the Neon Foundation and the Aave Chan Initiative (ACI), passed with a majority vote of 83% based on results posted on January 21.
Solana Fast Rising, DeFi Ecosystem Active
Solana has been rapidly expanding, with its native currency, SOL, emerging as one of the top performers in 2023. According to on-chain data from DeFiLlama on January 22, Aave manages over $6.9 billion worth of assets across ten chains. A big chunk, over 90%, comprises assets on Ethereum. Aave v3 has a total value locked (TVL) of $4.9 billion.
Aave V3 On Solana, What It Means
The TEMP CHECK proposers are keen on Aave v3 deploying on Solana, considering the blockchain's rapid growth in the past year. They observe that the blockchain's DeFi TVL and broad user base would likely benefit the lending and borrowing protocol, cementing its position as a market leader.
If Aave is deployed on Solana, the protocol will access the deep liquidity on the blockchain. At the same time, users will access Aave services more conveniently. Subsequently, the proposers reiterated this move will cement Aave's position as the leading liquidity market on-chain. Moreover, it will likely open up new opportunities for collaboration between the Aave, Solana, and other Neon EVM communities.
Neon EVM is a cross-chain bridge for users t...
|Is SOL in Danger of Crashing to $78 Following 7% Daily Plunge? (Solana P...
Solana's selloff is intensifying. This puts the uptrend in question, and many are wondering when the bulls will come back into town.
Key Support levels: $78Key Resistance levels: $104 1. Bears Dominate
Solana's price fell by 7% in the past 24h and appears that it may make a lower low. This could see it reach the key support at $78, which is the first line of defense for bulls at this time.
Chart by TradingView
2. Bearish Momentum Intensifies
Unfortunately, buyers were unable to stop this decline, and the selling momentum has intensified in the past few days. This is also reflected in the momentum indicators, such as the MACD and RSI, which are making lower lows.
Chart by TradingView
3. MACD Lower Lows
The 3-day MACD histogram is making lower lows, and the moving averages are expanding as they fall. This is bearish, and a recovery seems unlikely now.
Chart by TradingView
The bias for SOL is bearish.
Short-Term Prediction for SOL Price
The most important level on the chart is the support at $78. It's interesting to see if the bears will be able to take it down there.
The post Is SOL in Danger of Crashing to $78 Following 7% Daily Plunge? (Solana Price Analysis) appeared first on CryptoPotato.
|Solana Stablecoin Volume Reaches Record High Of $300 Billion In January
According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month.
Solana Overtakes Tron In Stablecoin Transfer Volume
Data from the blockchain analytics platform Artemis shows that the stablecoin transfer volume on Solana has already surpassed $300 billion in January. This is the largest transfer volume recorded by stablecoins on the Layer-1 blockchain in a single month.
To put this figure into context, the Solana network registered $297 billion in stablecoin volume in the entire December. Meanwhile, the blockchain's stablecoin transfer volume was about $11.56 billion in January 2023, reflecting an over 2,500% growth in the past year.
From the chart above, it is clear that Solana’s stablecoin activity has been on a steady rise since October, increasing by more than 650% in the past few months. This growth has also impacted the network’s share in the stablecoin market, with Solana now boasting about 32% market share.
Unsurprisingly, Ethereum leads the market for stablecoins, with its transfer volume already reaching almost $317 billion in January. Meanwhile, the Tron network trails Solana in third place, with a stablecoin volume of roughly $240 billion.
On Thursday, January 18, Paxos revealed the launch of its regulated stablecoin, USDP, on the Solana network. According to DefiLlama data, USDC remains the dominant stablecoin on the Layer-1 network, with a market cap ...
|Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Aval...
The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum's sales amounted to $106 million, overtaking Bitcoin's $70 million in sales over the same seven-day period.
Ethereum Leads in Weekly NFT Sales, Outperforming Bitcoin as Digital Collectibles Market Experiences Overall Decline
Sales of non-fungible tokens (NFTs) have seen a 5.05% decrease from the previous week, yet there's been an 82.40% rise in buyers and a 77.46% increase in sellers. Recently, Bitcoin had been leading in sales, but Ethereum has now captured the leading position with $106 million in NFT sales, marking a 28.15% increase from last week. Meanwhile, Bitcoin's total sales amounted to $70,367,439, reflecting a 35.25% downturn according to cryptoslam.io metrics.
Solana witnessed a 35.07% uptick in sales, reaching $59 million over the past week. In contrast, Polygon experienced a downturn, with sales totaling $25.33 million, a 43.02% decline from the previous week. Among the top five blockchains for NFT sales, Avalanche enjoyed a 22.13% increase, culminating in $14.24 million in volume. Arbitrum also stood out with a significant 26.02% increase, securing $3.27 million in NFT sales over the same seven-day period.
This week's leading NFT collection was Solana's Cryptoundeads, achieving $15.9 million in sales. Trailing behind was Bitcoi...
|Solana Crypto Phone Could Send $SOL and $BONK Prices Higher; $GFOX Nears...
Solana Mobile is about to drop a second crypto-ready smartphone, and it has already set a new record for preorders.
Meanwhile, Galaxy Fox, is edging closer to the $3 million mark in its presale.
Next-Gen Crypto Phone on the Horizon
Solana Mobile is pulling out all the stops for their second act in the smartphone saga. The new device will keep the essentials – an integrated crypto wallet, customized Android software, and a dApp store tailored for crypto applications. However, it's aiming to be budget-friendly, addressing concerns about the original Saga's hefty price tag. In a world where everyone's eyeing the bottom line, this move is bound to turn heads.
Saga, Solana's first crypto-ready phone, faced a bumpy ride initially. Priced at $1,000, it struggled to find its footing. That is until users realized it came with a bonus – an allocation of $BONK tokens. Suddenly, Saga phones were flying off the shelves, and the secondary market went bonkers. A factory-sealed Saga is now a hot commodity, attracting bids of $3,200 on eBay. That’s a fivefold increase in value over five weeks! This unexpected turn of events is putting Solana Mobile in the limelight.
While all eyes are on the upcoming Solana phone, it’s also worth looking at the prices of $SOL and $BONK. After hitting a peak of $122 in December 2023, $SOL has been doing the sideways shuffle, hanging under $100.
Despite this, there's brewing potential for a bullish revival. With buyers soaking up supply...
|We Asked ChatGPT if Solana Meme Coin Dogwifhat (WIF) Can Flip Shiba Inu ...
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 Price, Source: CoinGecko
We decided to ask ChatGPT whether the uptrend could continue throughout 2024 and whether flippening Shiba Inu (SHIB) is possible.
The AI-powered chatbot claimed this might happen should WIF significantly strengthen the size and activity of its supporter base (including developers and investors). According to a recent analysis, Shiba Inu (SHIB) has the most devoted community in the meme coin realm, whereas Dogecoin (DOGE) is second.
Use cases and utility were also mentioned as major elements. 'If dogwifhat offers more practical or innovative solutions than Shiba Inu, it could potentially gain an edge,' it estimated.
Favorable market trends, appropriate regulatory changes, and strategic partnerships could also boost the market capitalization of WIF.
Last but not least, ChatGPT touched upon investors' behavior, suggesting that a growing buzz surrounding the Solana meme coin might trigger a substantial flow of capital into its ecosystem.
Shiba Inu's current market ca...