SOL

Solana (SOL), once hailed as a top contender in the blockchain space, is facing a tough year. The price of Solana (SOL) has been on a downward trajectory, with the latest reports indicating a potential fall below the critical $100 mark. As Solana (SOL) struggles to maintain its market position, many SOL traders are looking for new opportunities to recover their losses, and the emerging casino giant Mpeppe (MPEPE) is quickly becoming their go-to alternative. Solana (SOL)’s Struggle: A Bearish…

Cryptocurrency prices remained subdued on Wednesday primarily due to renewed concerns over a US economic slowdown and anticipation of key data that could potentially impact the Federal Reserve’s decision on interest rates.  Bitcoin (BTC) and Ethereum (ETH) fell almost 5%, although they have posted somewhat of a recovery since. Data from the Institute of Supply Management (ISM) showed that US manufacturing remained subdued in August, hinting at an ongoing weakness in the sector. Stocks, gold, and crypto all tumbled as…

Taking its cue from the U.S. stock market crash on Tuesday, Bitcoin, and most of the crypto market have headed lower once again. However, two cryptocurrencies are standing firm thus far. Will Solana (SOL) and Render (RENDER) be the first to start new uptrends? Bitcoin takes a knock, but dominance is ebbing Bitcoin (BTC) has taken another knock on Wednesday, as it follows the recent downward movement in the U.S. stock market. Currently holding above $56,000, there is the chance…

Major cryptocurrencies plummeted after major US stock indexes closed significantly lower on Tuesday. The plunge was led by Nvidia (NVDA) and other chipmaker stocks, as September began on a weaker-than-expected note after a strong finish to August.  As a result, crypto markets tanked as well, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), and others registering substantial declines.  BTC dropped almost 5% over the past 24 hours, while ETH fell by almost 6%, plunging below the…

The post Solana Price Prediction: Why is SOL Price Crashing?  appeared first on Coinpedia Fintech News As Bitcoin takes a drop under $57K, the bearish trend in the altcoins market is heating up. Amid the selling spree, the downfall in SOL price breaks under the $130 mark and restarts the eight-day bearish trend after a minor 4.98% recovery on Monday.  With the falling trend picking up pace, Solana adds massive pressure over the $120 support zone. Will this bear cycle…

A recent statement made by Austin Federa, a strategist at the Solana Foundation, has sparked a widespread debate within the crypto community. On Monday, Federa proposed a novel conceptualization for several enhancements on the Solana blockchain via a post on X, suggesting that “most of the L2-ish things on Solana are better thought of as Network Extensions.” “While the underlying tech stack might resemble Bitcoin or Ethereum L2’s, the function and role is so radically different I think founders would…

Bitcoin (BTC) has climbed back above $59,000 during the ongoing session, reaching a high of $59,764 and registering an increase of almost 3% over the past 24 hours. However, analysts are worried September could see BTC dip to $45,000, putting it on a path culminating at $40,000.  Bitcoin struggled in August, with suggestions that the price could see a further 5% dip. BTC has traded in the red for six of the last seven September months. Other major cryptocurrencies also…

The post Solana Whale Offloads $100M in $SOL, Retains $255M Staked. appeared first on Coinpedia Fintech News A major whale or potentially an institutional entity has turned bearish on Solana as it has steadily sold off large amounts of $SOL throughout the year. In 2024, the total amount sold accounts for 695,000 $SOL ($99.5 million) since January 1st. Maintaining a disciplined selling routine, the average rate comes at 19,306 $SOL ($2.76 million) per week, nearly reaching $100 million in total.…

During the last few days, a significant development has emerged as Solana (SOL) whales—large-scale investors known for their substantial influence on market trends—have started to redirect their investments towards a rising star in the crypto sphere: Mpeppe (MPEPE). This shift has caught the attention of many, raising questions about the future of Solana and the growing appeal of Mpeppe. The Rise and Fall of Solana Solana (SOL) has long been hailed as one of the most promising blockchain projects, offering…