The Solana (SOL) blockchain has recently witnessed a divergence in its on-chain activity and the number of new addresses joining its network. Despite an impressive surge in new addresses, SOL’s on-chain activity experienced a decline during May. Meanwhile, the asset’s price has also mirrored its on-chain activity as SOL has been in a downtrend in…
More than 70% of all tokenized Bitcoin, worth over $4.3 billion, have been transferred to Ethereum, according to data from Cryptoflows. This migration highlights a growing trend of utilizing Bitcoin within Ethereum’s decentralized finance (DeFi) ecosystem and other interesting areas. Billions Of Bitcoin Being Tokenized Out of the $5.75 billion worth of BTC exported from…
The co-founder of Solana, Anatoly Yakovenko, has suggested a new way in which meme coins should be distributed at their launch via Twitter. With this, Yakovenko addresses the problem that a large portion of all meme coins are scams and rug pulls that have a pre-mine in favor of the “inventors.” Meme-Coins Should Be Treated…
Sunday night’s crypto market-wide correction has once again sent the Solana price down to a level that is crucial for price action in the coming weeks. SOL has been forming an ascending trend line on the 1-day chart since late December last year, which could lead the price back into bullish territory, as NewsBTC reported.…
Solana started a downside correction from $24 against the US Dollar. SOL price might start a fresh increase if it stays above the $21.50 support. SOL price is correcting lower from the $24 resistance against the US Dollar. The price is now trading below $23.50 and the 100 simple moving average (4 hours). There was…
The price of Solana (SOL) faced a key directional decision in recent days, and currently it looks like the bulls have the upper hand after a tough battle with the bears. However, the SOL price is not out of the woods yet. But a decision could come as early as today. Solana Poised To Rally…
Solana is struggling below the $23 resistance against the US Dollar. SOL price could decline again if there is a clear move below the $20 support. SOL price is showing bearish signs below the $23 barrier against the US Dollar. The price is now trading below $22.50 and the 100 simple moving average (4 hours).…
The price of Solana is facing an extremely important trend decision in the 1-day chart. Will the uptrend continue or will it be invalidated? The latter could threaten a drop to the psychologically important $20 level. A look at the 1-day chart shows that SOL failed in several attempts at the 200-day Exponential Moving Average…
Many investors are unsure what will happen to the Solana (SOL) price going forward after its recent 7 days decline of 13%. Will SOL make a strong comeback? Solana has emerged as one of the most popular blockchains in the cryptocurrency industry due to its fast transactions and expanding ecosystem. However, it had a rough…