Tag: solana (sol)

Sep 27 2022

Here’s How Descending Triangle Pattern Limits The Solana Coin Recovery

The daily technical chart shows the Solana coin price is in a short-term range-bound rally. Furthermore, this sideways is restricted within the top resistance of $47.4 and bottom support of $26. The coin holders should keep a keen eye on these levels as they will have a significant impact in... Read more

4 Things You Need to Know About Staking Solana

Sep 27 2022 Published at Altcoin Buzz under tags  solana (sol) staking trust wallet

Staking is a great way to earn passive income with crypto. However, you can only do this with coins that live on PoS chains. Solana's SOL is such a coin. Staking also helps to secure a network. In this article, we answer four popular questions about staking Solana. So, let's have a look. Epoch...

Sep 26 2022

Solana vs Ethereum, Which One Is Better?

Ethereum is still dominating the NFT market. Pretty much since NFTs started, and all during the 2021 boom. However, the times are changing. There's competition knocking on the door and the biggest up-and-coming chain for NFTs is Solana. So, which chain is better in general, not only for NFTs? Solana has some interesting features, but where does Ethereum stand? We are going to...

Sep 22 2022

Helium Community Votes In Favor Of HIP 70 Solana Migration Proposal

Summary: The Helium Foundation will move its custom-built layer 1 blockchain network to Solana. Migration to Solana's chain comes after a network improvement proposal passed a community vote on Thursday. Foundation COO Scott Sigel said the move would power plans to scale the wireless network service among other operations. The news comes shortly after Nova Labs, the startup behind Helium, announced a partnership...

Aug 22 2022

4 Questions Everyone Must Know How to Answer About Solana

Solana is a Layer 1 blockchain. It is one of the most popular blockchains around. Nowadays, according to CoinGecko, SOL is in the 9th rank with the highest marketcap in the ecosystem. Also, Solana is one of the NFT hotspots currently. However, there's more to Solana than only NFTs. So, in this article, we'll answer...

Aug 19 2022

Solana (SOL) Price To Surge 2x While ETH Prepares For The Merge, Per Analyst

The post Solana (SOL) Price To Surge 2x While ETH Prepares For The Merge, Per Analyst appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide In the midst of Crypto bloodbath, a popular crypto analysts and traders is predicting a bullish outcome for one of the well-known Ethereum (ETH) competitors. An anonymous trader who is known as Guy, a host...

Aug 05 2022

After Another Major Hack, What’s Awaited for Solana(SOL) Price in the Coming Days?

The post After Another Major Hack, What’s Awaited for Solana(SOL) Price in the Coming Days? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Solana platform ever since the beginning of 2022 has been prone to multiple security breaches and hacks. Despite the concerns over the performance of the platform, the SOL price maintained a consolidated trend ever since the...

Aug 04 2022

SOL Hack Update: Exploit Allegedly Tied To A Slope Finance Bug; Slope Reacts

Pandemonium spread within the crypto community from the early hours of August 3 till the close of the day, due to the multimillion dollar...

Aug 03 2022

These Indicators Suggest Solana To Face A Drop Off, Here Is The Least Support Level

The post These Indicators Suggest Solana To Face A Drop Off, Here Is The Least Support Level appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Since the time when Solana (SOL) price hit an all-time high of $259 in November 2021, the currency has been riding on a downhill. In the month of July 2022, Solana even hit a...

How To Protect Your Crypto From Solana Like Hack

Aug 03 2022 Published at Coingape under tags  altcoin news crypto hack news solana (sol)

The Solana ecosystem experienced a massive hack that...

Is Solana Initiating Recovery Plan After Major Hack?

Aug 03 2022 Published at Coingape under tags  altcoin news news solana price solana (sol)

The global digital asset industry woke to another hacking incident in just two days. This time Solana (SOL) network came on the radar of the hackers. SOL prices have dropped by over 5% since the news broke out....

Solana Exploit: Auditing Firm Claims Ethereum (ETH) Users Also Compromised

Aug 03 2022 Published at Coingape under tags  altcoin news crypto hacks news solana (sol)

Solana auditing firm OtterSec in a tweet claimed the Solana (SOL) hack is also affecting Ethereum (ETH) users, although it is less widespread. Until now over 8000 wallets...

Jul 28 2022

Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report

Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday's FOMC meeting. America's Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green regardless of the news with market leaders Bitcoin and Ethereum both in double-digit...

Jul 25 2022

Jul 23 2022

Solana Price Prediction: SOL Price Predicted To Hit $45 By End of 2022

The post Solana Price Prediction: SOL Price Predicted To Hit $45 By End of 2022 appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Altcoins had a similar trend on their charts as Bitcoin, which dropped by 2% over the previous day. The buying strength of Solana significantly decreased, causing negative price action. In the previous seven days, Solana had...

Jul 18 2022

Here’s How Solana Outperformed Ethereum In The Bear Market

Jul 18 2022 Published at Coingape under tags  altcoin news ethereum (eth) news solana (sol)

Data from CoinMarketCap shows that Solana’s L1 smart contract platform outperformed both Ethereum and BNB Chain in terms of the number of daily active users. CoinMarketCap compared the number of daily active addresses on each smart contract platform since November 2021. Solana Beats Ethereum, BNB Chain According to the data, Solana managed to increase its...

Jul 16 2022

Report Warns Investors About The One-Percent Problem In Web3

Jul 16 2022 Published at Coingape under tags  news solana (sol) web3

According to a report published by Chainalysis, Web3 ownership is surprisingly centralized. A decentralized Autonomous Organization or DAO claims to provide a decentralized structure of management. However, an analysis of 197 DAOs by Chainalysis highlighted that nearly 1% of token holders control over 90% of the voting power. How DAOs Work? DAOs rely on Web3...

Jul 14 2022

GeckoCon Insights: DeFi’s Next Phase of Growth Will Come From Solana, Avalanche, and Other Chains

Summary: Today is the first day of CoinGecko's 2022 GeckoCon which will run from the 14th to the 15th of July (9 am to 3 pm EST). This year's GeckoCon will focus on how Web3 will empower the decentralized future. One of the sessions today discussed the future of DeFi. One key takeaway from the speakers is that the next growth of DeFi...

Jul 12 2022

Magic Eden Starts Venture Investment Arm To Support Web3 And NFT Gaming Startups

Summary: Solana's biggest non fungible marketplace plans to bolster startups focused on web3 game projects. The platform has launched a dedicated venture department dubbed Magic Ventures to this effect. Former Tencent Games' Tony Zhao will lead Magic Eden's new arm. ME is a crypto unicorn and valued at a whopping $1.6 billion. The company also recently raised $130 million during a Series B...

Jul 08 2022

XRP Lawyer Warns Of More Class Actions After Solana Lawsuit

Jul 08 2022 Published at Coingape under tags  news ripple vs sec solana (sol)

Another major trouble has emerged in the world of cryptocurrency. Solana Labs has been slapped with a class action lawsuit. It is been alleged of making illicit profits by promoting unregistered security. Will Solana case affect crypto market? The consequence of this lawsuit can lead to a vital impact on the global crypto market. Solana...

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