1 in 4 Solana VC startups from 2022 have already failed
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Keep up with what's happening in the crypto world in real-time.
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.
As we head into “Uptober,” the cryptocurrency market is buzzing with potential opportunities. While Ethereum continues to lead the charge in decentralized finance (DeFi) and smart contracts, its price struggles to find a bottom, with a 3-month return down by 18%.
Sui has become cheaper and faster than Solana, cementing its position as a formidable alternative.
Some 63% of web3 whitehats now consider hacking to be their primary job, up from 56% in 2023, according to Immunefi.
The Solana price has risen by 3.5% today, climbing to $148 as the cryptocurrency market recovers by 1.5% in the past 24 hours.
After a strong bearish pullback, the Solana price has made a significant recovery over the past few days. Moreover, by adding ~16% to its valuation during the last 30 days, it has outperformed the Ethereum price by ~8.5%. This highlights the increased adoption of SOL prices in the market.
Here's how Ethereum plans to increase its throughput capacity and compete with Solana.
Cardano (ADA) co-creator Charles Hoskinson is giving a shoutout to one of Solana's (SOL) biggest competitors. Posting to his 979,000 followers on the social media platform X, Hoskinson says that layer-1 platform Sui (SUI) is earning its spot in the crypto ecosystem. “Reading about Sui. It's good to see George's work come to life.
Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.
An interesting dialogue took place in the crypto space today, involving prominent expert Chris Burniske and Solana (SOL) cofounder Anatoly Yakovenko. The subject of the discussion was, of course, meme coins, which have captured the attention of crypto market participants this cycle, and in particular have had a major impact on Solana's recognition and adoption.
Solana outperforms Ethereum with a 6.39% price increase since June, while Ethereum drops 30.13%, reflecting shifting investor preferences and network dynamics in the cryptocurrency market.
Solana (SOL) has experienced a challenging week, with price declines impacting investor sentiment. However, recent technical patterns suggest that the tide might soon turn.
Solana price has recovered, with the entire crypto market gaining 4.5% in the last 24 hours and briefly surpassing $150 before retracing to its current price of $149. Further, the SOL price has broken out against Ethereum, which is usually a precursor for outperformance moving forward.
When Solana plummets, savvy investors accumulate. The Sharpe Ratio almost makes us clairvoyants!
Chimpzee is preparing for its Solana expansion. It is a meme coin initiative that allows you to generate passive income while also contributing to animal and environmental protection.
Crypto analyst Alan Santana stirred the pot with his forecast regarding Solana (SOL), suggesting that the asset could be on the verge of a 20% decline, potentially bringing its price down to $121. This marks a level not seen since early August, raising questions among investors and enthusiasts alike.
Solana co-founder Anatoly Yakovenko has pointed out that memecoins have repeatedly drained the momentum out of every crypto cycle that came before them. According to him, they dominate the market, leaving other projects struggling for attention.
A bullish pattern appeared on Solana's chart, hinting at a massive bull rally ahead.
Solana (SOL) has recently garnered attention as it rebounds from recent price lows, igniting interest among traders and investors alike. Currently trading around $140.02—up 2.60% in the last 24 hours—SOL is poised for potential action.
Mikol was hospitalized with third-degree burns after setting himself on fire for his meme coin. Now, five months later, he's done.
Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.
Solana's (SOL) price recently dropped to $143, raising concerns about its recovery amid the current market conditions.
The Solana price is currently $143.48, with a 24-hour trading volume of $928.94 million. Although it has dipped by over 0.50% in the past 24 hours, it remains the 5th largest cryptocurrency, boasting a market cap of $67.23 billion.
Its lightning speed and minimal fees. Today, a victim of its own success, it must meet the challenge of massive adoption.