Solana

Mert Mumtaz, CEO of Solana’s development platform Helius Labs, recently shared “big news” that presents a bullish outlook for the Solana ecosystem. This development could also positively impact Solana’s price, which has recently been on a downtrend.  A New Dawn For Solana Mumtaz mentioned in an X (formerly Twitter) post that “ZK compression” is being introduced directly on the Solana network without requiring layer-2 networks. He claimed that this changes everything and every impression one has about Solana and scaling…

Having witnessed massive rallies in Q1 leading to smart whales making thousands of dollars, analysts have identified a new Solana-based meme coin that could replicate the Pepe Coin rally. Angry Pepe Fork is not just a meme coin; it is a new project built for the community and by the community. The ecosystem is designed to reward users for completing a series of challenges. Meanwhile, Aptos and Mantle are two other top altcoins investors are accumulating ahead of the bull…

ZK compression drastically reduces on-chain costs for creating tokens and accounts. The community debates whether ZK compression functions as a layer-2 network. Solana (SOL) announced an innovative feature called zero-knowledge (ZK) compression, which was created in partnership with Light Protocol and Helius Lab. With the aid of this innovative technology, developers can compress the on-chain state of tokens and accounts, therefore lowering the expenses related to their creation. Light Protocol and Helius Labs will be partnering to introduce ZK compression…

The overall bearish sentiment in the crypto market has even the top DeFi coins testing new supports and recording new monthly lows. Solana (SOL) is trading some 42% off its high in April, and Filecoin (FIL) hit a new low last week at a value last recorded in November 2023.  It’s tough for the DeFi coins to return to the bullish zone, and traders are a little impatient. Raboo ($RABT) is an eager alternative for just about any trader, short-term…

The post Is Solana (SOL) in Legal Trouble? Popular Crypto Analyst Believes a Bombshell is Underway  appeared first on Coinpedia Fintech News Popular crypto analyst alias Crypto Bitlord has informed more than 328k X platform followers that Solana (SOL), a top-tier web3 ecosystem with nearly $3 billion in total value locked, is facing a major investigation that could send the altcoin in a multi-week selloff.  While the crypto analyst did not provide the official source on the Solana investigation, the…

The post Just One Day to Go in Sealana ICO: Why Traders Think This Could Be Next 100x Solana Meme Coin appeared first on Coinpedia Fintech News It’s now or never for those wishing to buy Sealana ($SEAL) at presale. After raising over $5 million in presale funding, the campaign will close in one day on 25 June at 6 PM UTC. The project has caused a stir since its inception, reflected by its huge presale success and interest on…

Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility. After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving investors wondering what lies ahead. Technical analyst, Patel, believes he may have charted a course for the high-speed blockchain’s future, and it involves a refreshing beverage. Examining the weekly SOL/USDT chart, Patel identifies a classic “Cup and Handle” pattern, a bullish indicator that resembles, well, a…

Solana failed to climb above the $135 resistance. SOL price started another decline, dropping nearly 10%, and now the bears aim for more downsides. SOL price remained in a bearish zone below the $142 resistance against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend…

Solana (SOL) Exchange Traded Fund is reportedly in the pipeline as a digital asset manager makes its submission, pending approval.  The hype generated by this groundbreaking move is expected to propel Solana-based coins including Render (RNDR), Dogwifhat (DOF), Arweave (AR), and Popcat (POPCAT) to a significant height.  Digital asset manager 3iQ has officially filed for a Solana (SOL) Exchange Traded Fund (ETF) on Canada’s Toronto Stock Exchange (TSE). According to reports, its approval could make the Fund the first Solana…