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The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.
Solana is once again in the headlines, this time for having a major surge in development activity, keeping it ahead of its competition with Arbitrum and Avalanche. Related Reading: $6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy According to Santiment, the development activity regarding Solana has increased by 10.7% just within the last week, and the signal is clear that developers and projects alike are interested in this space.
A recent report from Standard Chartered Bank, analysts raised eyebrows regarding the valuation of Solana (SOL) in comparison to Ethereum (ETH). While Solana appears overvalued based on various metrics, the future performance of these cryptocurrencies could be heavily influenced by the outcome of the upcoming U.S. presidential election.
The broader crypto market remains stuck in a consolidation period. Solana (SOL) has also continued its sideways movement with no signs of any immediate upward trend.
Stripe has announced the reactivation of crypto payments for U.S. businesses, allowing businesses to accept USDC through Ethereum, Solana, and Polygon.
Solana (SOL) has been showing signs of macro bullishness, which could potentially help the altcoin break out of its current ascending triangle pattern. A breakout would open the door for a significant price surge, with institutional investors playing a key role in driving this momentum.
The ecosystem of memecoin on Solana is experiencing a moment of difficulty, offering a bull opportunity to the rest of the altcoins.
Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).
It's the first time in six years that Stripe's U.S. business customers can accept crypto payments since it ended support for bitcoin in 2018.
Solana could outpace Bitcoin and Ethereum in gains under Trump's presidency, according to Standard Chartered analysts.
SOL has seen a notable increase of 3.54%, fueled by strong trading volumes and bullish sentiment. But can it maintain this upward trajectory and trigger a rally?
Solana has secured substantial capital inflows, surpassing other blockchains with more than $800 million in net inflows. Conversely, Kraken is facing growing regulatory scrutiny as it plans to end support for Monero (XMR) in the European Economic Area (EEA) by October 31, 2024.
BonkBot, currently one of Telegram's most utilized trading bots, intends to shift to a non-custodial model to ramp up its security through Pre-TX protection against hackers. It focuses on a non-custodial model, in which one prioritizes the security of the users by letting them control their assets.
Kraken, one of the leading cryptocurrency exchanges, has announced that the Solana-based Bonk (BONK) meme coin is now available for trading in the US and Canada.
Solana's march into mobile continued yesterday when the popular DeFi platform Jupiter released its mobile app.
Data from October 9 reveals that while Solana's monthly active addresses surpassed 100 million, over 86 million wallets on the network remain empty, raising concerns about the validity of user engagement metrics, according to blockchain data from Artemis Terminal.
Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.
SOL, the native cryptocurrency of the Solana blockchain, could potentially surge fivefold in 2025, according to a recent projection by global banking titan Standard Chartered, which expects the fifth-largest cryptocurrency by market cap to beat Bitcoin (BTC) and Ethereum (ETH) if Republican presidential candidate Donald Trump wins the presidency in November.
TL;DR Bybit has had a successful first month with bbSOL, the first exchange-backed liquid staking token on Solana. bbSOL has outperformed other exchange-backed staking tokens in terms of total value locked (TVL). The token will be listed on Bybit Spot on October 10, 2024, increasing its accessibility and liquidity options.
In recent years, cryptocurrencies have experienced significant price fluctuations, with Solana and Ethereum at the center of many discussions among investors and analysts.
Solana, one of the leading blockchains in the decentralized finance (DeFi) sector, has recently made headlines by surpassing an impressive milestone of 100 million active addresses.
Bitget Research, the institutional analysis side of Bitget (CRYPTO: BGB) crypto exchange, has released a statement predicting the price of Solana (CRYPTO: SOL) to reach or exceed $160 to $180 in October and largely credits the bullish sentiment on memecoin activity. What Happened: Ryan Lee, Chief Analyst at Bitget Research said, "Based on the current market sentiment, the development of the Solana ecosystem, and the involvement of major partners, SOL may reach or exceed the price range of $160 to $180 in October.
Solana price is still trending inside a consolidation zone, bouncing between $130 and $163. This reflects the broader crypto market, which has been trapped between $2.25T and $1.867T for the past 67 days.
Although Solana's active address count has climbed to 100 million, most wallets appear to hold little or no SOL.
