Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery
Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance.
Keep up with what's happening in the crypto world in real-time.
Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance.
Solana co-founder Anatoly Yakovenko denied rumors that Solana representatives lobbied for the network's inclusion in a proposed US government crypto reserve. The remarks come amid media speculation that Ripple had pushed for Solana's addition to bolster its own credibility.
JPMorgan is throwing cold water on hopes for a U.S. strategic crypto reserve, warning approval is unlikely and smaller tokens like XRP, SOL, and ADA face major hurdles. JPMorgan Slams Brakes on US Crypto Reserve—XRP, SOL, ADA Face Uncertainty Banking giant JPMorgan is dampening expectations for a U.S.
Solana (SOL) is facing significant challenges as its price struggles to hold steady around the $150 mark. The cryptocurrency's failure to break past the key resistance level of $183 has led to a pullback, leaving Solana at a crossroads.
The White House Crypto Summit on March 7 gathers top industry leaders as anticipation surges over the U.S. crypto reserve and its potential market-shaping impact.
Notable Solana meme coins to watch in March include DOGEai (DOGEAI), Official Trump (TRUMP), BONK, AI16Z, and Official Melania (MELANIA). DOGEai has surged nearly 20% in a week, capitalizing on AI and government transparency narratives.
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Anatoly Yakovenko's comments come in response to former President Donald Trump's announcement of a strategic crypto reserve, including Bitcoin, Ether, XRP, Solana and Cardano. The post Solana Co-Founder Advocates for No Crypto Reserves in Pursuit of True Decentralization appeared first on Cryptonews.
The protocol's co-founder is among a number of crypto industry players who have taken issue with U.S. President Donald Trump's plans to create a digital asset reserve.
In a newly released market perspective titled Solana vs. Ethereum Decentralized Finance, global investment firm Franklin Templeton sheds light on the increasingly competitive landscape in decentralized finance (DeFi).
Memecoin daily trading was down over 90% this week amid crypto prices facing a wide-ranging market correction.
Crypto degens pumped the DADDY Solana meme coin following news that Andrew Tate is facing yet another criminal investigation.
SUI has gone up 18.2% in the past 24 hours and currently sits at $2.97 after the layer-one blockchain announced that it was exploring “product development opportunities” with the Trump-backed DeFi Protocol World Liberty Financial.
Bitcoin and the altcoins selected for the US crypto strategic reserve could stay range-bound in the short term, barring a blockbuster announcement on March 7.
Solana trading volumes briefly topped the entire Ethereum ecosystem's in February.
Earlier this week, a wallet linked to the collapsed crypto exchange FTX and its trading arm, Alameda Research, unstaked $431.3 million worth of Solana (SOL).A portion of those funds—$3.4 million, to be exact—have been transferred to Binance. When wallets transfer assets to crypto exchanges, they are typically looking to sell them. Of the 3.03M $SOL($431.
JPMorgan sees less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.
TL;DR Michael Saylor reaffirms that Bitcoin should be the central asset in the U.S. crypto reserve, emphasizing its decentralized nature and dominant role in the digital economy. Donald Trump initially included XRP, Solana, and Cardano in the reserve, but after criticism, he clarified that only Bitcoin and Ethereum would be part of the plan.
Solana price may be poised for a parabolic rally after Wall Street giant VanEck hailed a new proposal to reduce the annual SOL inflation rate to 1.5%. This proposal will commence voting on March 6, 2025, and if implemented, it could reduce Solana's supply significantly and drive price growth.
The cryptocurrency community is quite optimistic about the U.S. Strategic Crypto Reserve, mainly because Donald Trump posted about it. TRUMP revealed the optimistic news that he and his team are working on the digital asset reserve, including Bitcoin, Ethereum, Solana, XRP, and Cardano.
The crypto market continued its upward trajectory, with the market cap increasing by over 4% to reclaim the $3 trillion mark. Most cryptocurrencies traded in positive territory, and Bitcoin (BTC) reclaimed the $90,000 level after an increase of nearly 6% over the past 24 hours.
The crypto market's volatility index could shoot up further this Friday as investors brace for the upcoming White House digital currency summit. Trump's announcement of a US Crypto Strategy Reserve last weekend set off a wave of market reactions.
PAWS, a popular Telegram Mini App, migrates to Solana in reaction to newly imposed requirements by the social media platform.
Solana (SOL) has gone up 1.5% in the past day and currently stands at $148.7 as volatility has subsided in the past few days.