Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
SOL
Could Solana be a Victim of a Pump and Dump Scheme?
The Solana (SOL) token has tripled its price in less than a month as the cryptocurrency market posted staggering losses. On Tuesday, a wave of selling pressure pummeled the prices of nearly every single coin. SOL is heading to better heights as many DApps, stablecoins, and DeFi projects build platforms on the network. The token now has a market value of over $51 billion, according to CoinGecko. Solana hit the news recently as among the fastest-growing cryptos this year as it…
4 years ago
BTC to See Corrective Month Ahead, While Solana (SOL) Hits Lifetime High
Bitcoin benefitted from heavy selling in the US dollar market over the weekend. Bulls attempted two run-ups above the $49K level. However, BTC rallied to a $49,657 high but failed to mount a decisive attack on $50K. Since then, the momentum has waned, and the BTCUSD pair is currently consolidating gains above the $48K support. The ongoing range-bound trading comes as September approaches. Historically, it is a month that proves uninspiring for investors. According to analyst Michaël van de Poppe,…
4 years ago
The Beginner’s Guide to Solana
This article is a beginner's guide to Solana, the decentralized blockchain. By the end, you should be able to answer the following: What is Solana? How is Solana special? What are DApps? What is proof of history? Why is proof of history important? What are Solana (Sol) tokens? How to buy Sol tokens? What is Solana? Solana is a decentralized blockchain network built to rival Ethereum and offer scalability without compromising its security. Solana began its planning stage in 2017…
4 years ago