Solana (SOL)

Solana (SOL): Investors Can Consider These Support Zones to Prevent Losses

Solana (SOL): Investors Can Consider These Support Zones to Prevent Losses

Solana's SOL is among the leading digital assets by market capitalization that witnessed massive losses this week. The escalated bearish condition pushed the alternative token out of the range that Solana navigated in nearly ten weeks. SOL has seen continued downtrends over the past six days, losing more than 25% amidst the timeframe. While publishing this post, the token changed hands at $36.25. That led to an ascending range exit. Remember, Solana has hovered within this area since mid-June. Solana's massive bearish action within the last day already pushed the token into the next foothold after leaving the ascending range.…
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Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin's price reveals stagnations near the $0.08 level. The meme coin has hovered near $0.1 since the 11 May colossal fall. Dogecoin's 24hr trading volume declined by 32%. Dogecoin price exhibits bearish signals today, maintaining similar trends seen over the previous three days. The meme coin has stagnated near the $0.08 level. While publishing this content, Dogecoin traded at a day high at $0.08647, gaining 2.48% within the past 24 hours. Nevertheless, Dogecoin has failed to trigger sustained upswings since the 11 May massive crash. The current price action reveals stagnation conditions, and the meme coin might drop before uptrends.…
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Cryptos to Watch This Week: BTC, XRP, SOL

Cryptos to Watch This Week: BTC, XRP, SOL

Bitcoin's drop to $25.8K and the Terra ecosystem fallout triggered crashes in the marketplace as most tokens witnessed double-digit losses. Bitcoin price tried to regain levels beyond $30,000. The global crypto market capitalization hovers beneath $1.3 trillion. Some of the cryptos to watch this week are BTC, XRP, and SOL. The broad crypto marketplace witnessed bearish waves over the past week as Bitcoin lost near 30% within ten days to hit $25K, levels last seen in late 2020. The Bitcoin-driven plummets and fallouts in Terra's UST and LUNA saw the cumulative market cap crash to $1.28 trillion at this publication.…
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Can Okay Bears Overthrow BAYC in Emerging NFTs Battle?

Can Okay Bears Overthrow BAYC in Emerging NFTs Battle?

Ethereum-based non-fungible tokens have always dominated the NFT marketplace. Nevertheless, the previous days appeared to have dethroned the Ether-based NFTs. Surprisingly, Solana has facilitated that. Okay Bear, Solana-based NFT, sold out in its initial 24hrs of going live. While publishing this content, the NFT saw 147,161 trading volume, reflecting a 19.48% increase within the previous 24 hours. Okay Bears saw 510.1K in trading volume with 115 SOL floor price within three days after the NFT listed on OpenSea. While writing these lines, the NFT boasted 1,356 sales, as the day's trading volume stood at 6,259.09 Solana. This context would likely…
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Top Ethereum Killers to Consider in 2022

Top Ethereum Killers to Consider in 2022

Investors have heavily grilled the Ethereum network over the past couple of years. That is due to congestion, slow speeds, and high gas fees. As this competitive field sees constant innovation, users and developers look for blockchains that meet demand without hassle. This article highlights some leading blockchains that enthusiasts believe will overcome Ethereum's TVL with time. Solana (SOL) Solana tops our list. Backed by billionaire Sam Bankman-Fried, it is a decentralized network created to ensure user-friendly, scalable apps for the market, and Solana gained increased popularity. Solana attracted many developers looking for Ethereum alternatives due to high fees and…
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Solana (SOL) Tests $100 Support Following 10% Drop – 12 April Price Outlook

Solana (SOL) Tests $100 Support Following 10% Drop – 12 April Price Outlook

With Monday's massive sell-offs, SOL would need a move past $105 to escape another day in the red. Monday sessions had Solana losing 10.24%, ending the day near sub-$100. The broad-based cryptocurrency sell-off and declining SOL NFT transaction volumes triggered negative price moves in Solana. Technical indicators flash bearishness as Solana sits beneath the 200-day Exponential Moving Average. Solana lost 10.24% yesterday, adding to Sunday's 1.72% fall to end the day around the $99.65 mark. Broad market bearishness weighed on SOL as the alternative token ended the previous week with 18.91% losses. The alt has seen downtrends on six of…
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Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive

Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive

Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive Bitcoin (BTC) plunged to $45K support on Wednesday morning. That's despite on-chain data showing positive buying activity. The crypto exhibits weakness, changing hands near $44,767.71 at this publication, reflecting a 4.21% 24-hour decline. BTC declines emerged amid a global crash following hawkish comments by the US Fed Reserve. Lael Brainard, Fed Governor, hinted at central bank balance sheet trimming in May as he stated that curbing inflation remained paramount. That triggered sell-offs within the market as traders worried a restrictive atmosphere might lead to economic downturns. The tech-heavy NASDAQ lost…
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Solana and KRAFTON to Boost Blockchain Gaming

Solana and KRAFTON to Boost Blockchain Gaming

The collaboration is to support blockchain gaming marketing and design. Also, Solana Labs and KRAFTON will collaborate on investment opportunities. KRAFTON will utilize capacity from PUBG: BATTLEGROUNDS to join the NFT and Web3 industry. KRAFTON has partnered with Solana Labs to support blockchain marketing and design. Remember, KRANFTON, Inc. launched the wildly recognized PUBG: BATTLEGROUNDS battle game. Why Solana (SOL/USD)? Solana is among the leading decentralized blockchains designed to ensure user-friendly and scalable applications globally. Moreover, it guarantees scaling without compromising security and composability, supporting developers' long-term activity. Furthermore, Solana ensures reliable performance, processing thousands of 'smart' contracts concurrently via…
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These Are Worst-Performing Cryptos So Far in 2022

These Are Worst-Performing Cryptos So Far in 2022

The cryptocurrency space hasn't had its best year so far. Uncertainty around the Russia-Ukraine conflict plus COVID-19 had most investors escaping risky markets. The crypto spectrum started 2022 in turmoil. Uncertainty around the Russia-Ukraine conflict plus the COVID-19 pandemic pushed away investors interested in long-term crypto investment. Nevertheless, the plunge in crypto prices also presents an opportunity for investors to accumulate at discounted prices. However, let's check the top worst-performing digital tokens so far in 2022. Our analysts used YTD returns stats from Coinmarketcap as of 2022 February end to rank worst-performing assets this year. Moreover, the list included crypto…
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Bitcoin (BTC) Rejected Near $40K: Weekend Price Analysis

Bitcoin (BTC) Rejected Near $40K: Weekend Price Analysis

Bitcoin still failed to reclaim $40K, struggling around the $39K mark. Most alts remain somewhat calm today. Bitcoin tried to challenge $40K after losing $6K within a few days but failed to climb high. That had assets in the altcoin market stalling since yesterday, recording slight movements. However, Monero decoupled from broad market actions, registering a substantial price increase. BTC Struggles beneath $40K Indeed, the leading crypto struggled within the previous several days. The crypto recovered losses amid the Russia-Ukraine conflict recorded new monthly peaks. The upward moves had BTC touching $45K. However, bears emerged and pushed Bitcoin south again.…
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Ripple (XRP) Flips Solana and Cardano, Eyeing Top-5 Entry

Ripple (XRP) Flips Solana and Cardano, Eyeing Top-5 Entry

Ripple (XRP) has been among the top daily gainers. That comes amid bullishness that had the global crypto market cap surging past $2 trillion once more. XRP changes hands around $0.90 following a 20% upsurge within the past 24 hours, its market cap standing at $42.9 billion. The latest upward move had the remittance crypto flipping Solana and Cardano, preparing for a massive uptick to enter the sought-after top-5 crypto pack. Santiment, a data provider, reports that Ripple's latest price climb came as the project recorded growth in daily active wallets. It stated that XRP gained 37% over the past…
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Axie Infinity (AXS) Gains 17% as Bitcoin Steadies above $41K

Axie Infinity (AXS) Gains 17% as Bitcoin Steadies above $41K

Most assets in the cryptocurrency market calmed following a positive and volatile Saturday. Bitcoin stands beyond $41,000. Bitcoin kept its momentum to stay beyond the $41,000 level. The impressive leg up came after Bitcoin struggled beneath $40K for several weeks. Meanwhile, altcoins appear to stall following yesterday's significant gains. Axie Infinity (AXS) is one of the exceptions, with its double-digit upward move. Bitcoin Maintains beyond $41,000 As highlighted earlier, the world's largest crypto struggled around the $37K level and plunged beneath the mark on a few occasions. However, bulls tried to push BTC northward, taking it to value levels of…
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Solana (SOL) Drops 15% amid Congestion News, Losing 40% in One Week

Solana (SOL) Drops 15% amid Congestion News, Losing 40% in One Week

Solana has witnessed freefall due to the market slump. Frequent outages had some market players losing trust in the token. SOL dropped to the 8th rank as its overall market cap stood below $45 billion. Solana's governance token SOL/USD saw another 15% drop today. That had the alternative coin plunging beneath $90 as its weekly losses amounted to 49%. That comes as the SOL blockchain experiences massive network congestion problems. Meanwhile, SOL has seen a free fall as the global market slumped. For now, the alt stays about 60% lower from its 2021 November ATH (CoinGape report). Two Days of…
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Solana, EOS, Dogecoin Price Analysis – January 20

Solana, EOS, Dogecoin Price Analysis – January 20

Solana and Dogecoin had their short-term technical indicators flashing bearish preferences as the weekly plummets had the crypto market cap dropping billions. However, EOS and DOGE seemed to keep bullish hopes despite downtrends. Solana (SOL) The January 5 market dip saw Solana breaking out on the four-hour chart. Meanwhile, the over 20% decline until the 15-week low on January 10 had SOL forming a climbing wedge that led to reversal from the closest supply region. However, the 20 Simple Moving Average remained a massive nearest hurdle for bulls after SOL broke down from the climbing wedge. While publishing this content,…
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Solflare Is About To Launch The World’s First Solana Smartphone Wallet

Solflare Is About To Launch The World’s First Solana Smartphone Wallet

A new measure will be offered for both iOS and Android-based smartphones in the near future. It will serve as a gateway to Solana's section of the DeFi and NFT sectors for users of varying degrees of skill. SolFlare is now available on mobile devices. Per a press statement issued by the SolFlare crew, the company's mobile application is now accessible on the digital platforms of the App Store and Google Play, respectively. "IT'S FINALLY HERE! - Solflare Mobile is NOW AVAILABLE!" The iOS app is now available with complete support for $SOL staking, SPL token transfers, NFTs, and other…
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Gavin Wood Criticizes Solana Following Blockchain Downtime 

Gavin Wood Criticizes Solana Following Blockchain Downtime 

Gavin Wood, founder of Web3 Foundation which created Polkadot (DOT) and Kusama (KSM) has stated his opinion on the recent event that occurred on the Solana blockchain. The blockchain had suffered transaction overload on Tuesday leading to the forking of the network. In a Wednesday tweet, Gavin Wood highlighted the solutions to such problems to prevent similar occurrences in the future. Solana was projected as a scaling solution for the rigidity of Ethereum blockchain which caused fees to skyrocket during periods of extreme traffic. However, it does seem like Solana has solved the challenge of high gas costs on Ethereum…
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Chainlink, Solana Price Analysis – 3 September

Chainlink, Solana Price Analysis – 3 September

Solana exploded to another ATH near $136; market players believe that the alt will extend its upside movements. Chainlink hits beyond $30 as it strengthens its mission to head towards $40. Thursday saw Bitcoin bulls stepping up to take the leading crypto to the price levels beyond $50K. However, the uptrend was short-lived since BTC retraced, almost to test the $48,000 support. On the other side, ETH stalled before climbing to $4,000, but it did not lose its entire upside momentum. The leading altcoin has chances to trade beyond this psychological zone over the weekend. Meanwhile, the rest of the…
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