Solana Blockchain SOL Token Soars After FTX Crash, Will It Reach $50 This Year?
After a crash linked to troubled crypto exchange FTX, the Solana blockchain SOL token has been on a rebound, doubling in price since mid-December. With Ethereum co-founder Vitalik Buterin's support, the token is expected to continue its surge to pre-crash levels and beyond.
Crypto Market Soars: Bitcoin, Ethereum, and Solana Jump Over 12% This Week
Crypto is on fire this week, with Bitcoin, Ethereum, and Solana all jumping over 12%. A falling CPI, declining interest rates, and a potentially positive industry news have all been tailwinds for the crypto market. Despite the short-term surge, investors should be wary of the opaque nature of the largest crypto exchange, Binance.
Solana Blockchain Activity Soars Despite FTX Collapse
Solana blockchain activity remains high despite 50 million SOL tokens being locked in the FTX exchange collapse, according to Citi research. The Solana Foundation was heavily invested in FTX, and their collapse has caused a crisis for other protocols on the blockchain.
Solana Network Thriving Despite Foundation RPCs Offline
Solana Network remains functional despite the Foundation's public RPCs being offline due to a bug in the Validator client's test release 1.14. Despite the incident, the network has seen an increase in daily addresses and a 37% increase in its native token, SOL, in the past week. The Solana community has also rallied around a new memecoin, Bonk Inu, which has risen by over 1000% in the first week of 2023.
Can Solana Price Reach $30? Recent Developments Could Push Coin 2x
Solana's price has skyrocketed recently as developers and users flock to the cryptocurrency. The addition of the meme coin BONK has also contributed to the surge, with its price rallying over 3,600% since launch. With the RSI at oversold levels and the MACD signaling further bullish momentum, Solana may be headed for a 2x to $30.
Cardano and Solana Surge 21% - Reentering Territory Not Seen Since November
Crypto values for both Solana and Cardano skyrocketed late Sunday, with Solana's BONK coin leading the way with an impressive 60% increase over the week. Charles Hoskinson's recent developments in Wyoming have also contributed to Cardano's success.
Revolutionizing Charitable Giving: How Change is Empowering Nonprofits with Blockchain Technology
Northwestern grads Sonia Nigam and Amar Shah created Change, a web3-based software that enables consumers to donate both crypto and fiat to over 200,000 non-profits. With the help of Solana, Change has raised over $1,000,000 and allows individuals to follow the money trail to ensure their donations are going to the right place.
Vitalik Buterin Endorses Rival Blockchain: Is Solana the Next Ethereum Killer?
Vitalik Buterin, the founder of Ethereum, recently tweeted his endorsement of Solana, a rival blockchain. His endorsement came at a pivotal moment for Solana, as the blockchain has faced some challenges in the past. Buterin believes that Solana has the potential to be a major player in the world of smart contract platforms, and with his endorsement, it's worth keeping an eye on. Could Solana be the next Ethereum killer?
Exploring the Potential of NFTs and DAOs: How Jonathon Le and Nom Convinced Politicians and Regulators in Washington DC
Jonathon Le and Nom recently had the opportunity to explain the value and potential of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) to politicians and regulators in Washington DC. Their presentations highlighted the importance of engaging with the community in the regulatory process of blockchain and cryptocurrency as they gain mainstream adoption.
Solana's Daily Active User Base Skyrockets 50% - Here's Why
Solana's daily active user base has skyrocketed by 55.9% since January, with the hype surrounding Bonk Inu and the crypto market's positive momentum driving the surge. @loganjastremski and @_Frictionless_ have created a handbook to debunk the four main critiques of the network. Click to find out more!
Discover Why Solana is the Superior Choice for Blockchain Platforms Over Polygon
Solana is emerging as the superior blockchain platform, with its independence, wider adoption, and more decentralized validator set making it a more secure option than Polygon. Clickbait Headline: "Solana Rises Above the Rest: Why it's the Best Blockchain Platform".
Ethereum 2.0 Under Fire: Is Solana the Better Option?
Ethereum 2.0 may not be the best blockchain platform due to its scalability and accessibility issues, but Solana offers a viable alternative with its high speed, unique proof-of-history feature, and low barriers to entry. Clickbait-ey headline: Is Ethereum 2.0 the Right Blockchain Platform for You?
Crypto Billionaires Silbert and Winklevoss in Battle Over $1 Billion Debt Dispute
In a soap opera-style drama, Gemini cofounder Cameron Winklevoss has accused Digital Currency Group (DCG) founder and CEO Barry Silbert of "bad faith" business practices, claiming that DCG owes Gemini nearly $1 billion. In response, Silbert has denied the claims. The feud has arisen from the collapse of crypto exchange FTX, which has left customers with locked funds and investors suing the Winklevoss twins and their firm.
Doge-Themed BONK Drops 54% After Unprecedented 3,300% Gains
After a massive 3,300% surge, the dog-themed, Solana-based token BONK has experienced a volatile drop of 54%. Even with the drop, BONK is still up 42% in the last 24 hours and outperforming other major cryptocurrencies this week. BONK's rise is fueling a surge in Solana's (SOL) price, up 34% this week.
Solana Network Thriving Despite FTX Contagion: Developers Still Flocking to the Network
Despite the recent controversy surrounding FTX, the Solana network is still going strong. Recent activity on the network has actually seen an increase, with developers continuing to flock to the platform due to its impressive performance, energy efficiency, and decentralization. Could Solana be the crypto platform to watch out for?
Investors Lose Crypto Funds in Federal Bankruptcy Ruling
A federal bankruptcy judge recently ruled that Celsius Network owns the cryptocurrency deposited by customers on its online platform, meaning customers are the last to receive repayment. The decision highlights the importance of the phrase "Not your keys, not your crypto" as customers may not be able to secure their crypto holdings if they are stored in a wallet they do not control.
Solana's Biggest NFT Projects DeGods and Y00ts to Migrate to Ethereum and Polygon
Rumors of a money grab have been denied by the DeGods team, as Y00ts migrates to the Polygon blockchain with an incentive. Y00tpoints, given to holders who stake their NFTs, will also be transferred, and the team is aiming for a Q1 2021 migration. Get ready for a smooth transition as the DeGods and Y00ts teams make sure the bridge contract is airtight!
Solana Network Still Attracting Users and Developers Despite FTX Contagion
If you've been keeping up with the crypto world, you've probably heard about the recent collapse of crypto exchange FTX and the fraud charges facing its founder
Solana's Roadmap for Mass Adoption: Mobile, Reliability, and Scalability
Solana has big plans for mass adoption, and co-founder Anatoly Yakovenko laid out the roadmap at the recent Breakpoint 2022 conference in Lisbon. According to Y
Solana (SOL) Makes a Comeback with 12% Increase in 24 Hours
Well, well, well, look who's back on the rise! After almost a week of consecutive losses, Solana (SOL) has seen a 12% increase in the past 24 hours. Meanwhile,
Bonk, a Shiba Inu-themed Token, Skyrockets 2,220% in a Week on Solana Ecosystem
Hey there crypto traders, looking for the next big thing to generate some returns? Look no further than Bonk, the Shiba Inu-themed token on the Solana ecosystem
Solana is a decentralized blockchain platform that enables fast, secure, and scalable smart contract functionality and decentralized application (dApp) integration. The native token for Solana is SOL, and it has become a popular choice for developers looking to leverage DeFi technologies due to its high-speed and low-cost capabilities.
The open-source distributed computing platform that powers the Solana network allows active participants to create digital ledgers that prioritize:
- Community-driven trust
Solana has been used for a variety of applications, including:
- Decentralized Finance (DeFi) – Lending, borrowing, and various derivatives can be deployed using Solana smart contracts, with the Solana blockchain serving as a trustless intermediary.
- Stablecoins – Cryptocurrencies pegged to fiat currencies (collateralized or fiat-backed) with stability enforced by smart contracts.
- Decentralized exchanges (DEX) – Users can buy and sell tokens on decentralized exchanges using Solana's decentralized services.
Solana has a strong focus on smart contracts, with the ability to process over 65,000 transactions per second. These programmable and self-executing contracts offer transparency as participants can view and audit the transaction logs. Additionally, anyone can deploy a smart contract on the Solana network due to its permissionless capabilities.
Decentralized Finance (DeFi)
In addition to smart contracts, Solana plays a significant role in DeFi through the use of decentralized apps (dApps). Users can become their own banks with increased speed, transparency, and security using Solana's decentralized services. Some examples of its DeFi use cases include:
- Digital identities
- Decentralized Autonomous Organizations (DAOs)
- Asset management
Solana was founded by software engineer Anatoly Yakovenko in 2017. Yakovenko, who has a background in computer science and mathematics, was inspired to create a blockchain platform that could handle a high volume of transactions without the need for high fees. Solana officially launched in March 2020 and has since gained a strong following in the DeFi space.