Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Ether

Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded by Ethereum trading platforms.

Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes

Bonk

Investors are looking to book profits on BONK (CRYPTO: BONK) and other tokens of the SOL ecosystem. What Happened: The Solana (CRYPTO: SOL) ecosystem tokens have been facing a dull week, indicating investors are profit-taking after a significant bull run in native tokens from other major projects.

Why is BONK Down 15% Today? Solana Ecosystem Tokens Witness Profit-Taking After Rally

Solana (CRYPTO: SOL) will end 2023 on a high note after soaring to a new 52-week high in December and becoming one of the most talked about cryptocurrencies. Solana Solstice: Interest in the digital asset exploded in recent weeks thanks to many items, including airdrops like Jito (CRYPTO: JTO), to people who participated in a Solana-based liquid staking protocol.

Solana In 2023: A Look Back At Top Storylines, Coin Surge — Plus Partnerships With Visa, Mastercard, Shopify And More

Solana ecosystem tokens have surged several multiples in the past month. Traders could now be taking profits to rotate funds into newer plays.

BONK Falls 13% as Solana Ecosystem Sees Profit Taking After Memecoin Frenzy

A trader who accurately called the bottom of Bitcoin's (BTC) 2018 bear market thinks that the uptrend of one Ethereum (ETH) challenger that has massively outperformed the broader crypto markets this year is far from over.

Top Analyst Unveils Massive Price Target for Surging Ethereum Rival, Calls Altcoin This Cycle's Darling Chain

Based on Lookonchain data, an anonymous cryptocurrency trader clocked a profit of more than 2,570 times using 30 Solana tokens within a short span of six days. What Happened: The trader did not directly buy and sell Solana (CRYPTO: SOL) tokens instead he used the 30 SOL tokens he owned to buy 16 billion Analos in the very first minute of the memecoin opening trade.

Anonymous Crypto Trader Uses 30 Solana Tokens To Buy Analos Memecoin In 'Pivotal Week'

Bitcoin

Solana, which soared past the $100 mark over the weekend, has cooled slightly. SOL is trading for $109.20—down 11% in the past day.

Solana Cools Slightly as Bitcoin and Ethereum See Prices Slump

Cryptocurrency analyst Altcoin Sherpa has reportedly increased his holdings for Solana (CRYPTO: SOL) despite suggesting that it might not be the optimal time for such an investment. What Happened: Altcoin Sherpa anticipates that the cryptocurrency, often regarded as a competitor to Ethereum (CRYPTO: ETH), will maintain its upward trajectory into 2024.

Crypto Analyst Says This 'Ethereum Killer' Will Get Him Rich In 2024: 'My Thesis On Solana Was..'

Solana network non-vote transactions have reached a yearly high of 34 million as the token rallies by over 2% in the past 24 hours.

Solana non-vote transactions hit yearly high

Dogecoin

Major cryptocurrencies had a mixed trading day on Christmas. Cryptocurrency traders who bet on shorts didn't have a good day today.

Bitcoin Ethereum, Dogecoin Trade Mixed Christmas As Solana Flips King Crypto On Short Liquidations: Analyst Says BTC 'Absolutely Primed' For Growth

A widely followed crypto analyst says that one little-known altcoin has massive upside potential while updating his outlook on smart contract platform Solana (SOL).

Analyst Predicts ‘Big Upside' for Little-Known Crypto Asset, Updates Outlook on Solana

The cryptocurrency Solana (CRYPTO: SOL) established fresh records for monthly new and active addresses. What Happened: As reported by The Block, the price upswing of Solana has been paralleled by a substantial increase in network activity.

Solana's Network Activity Soars As It Breaks $100 Mark

New data from decentralized finance (DeFi) tracker DeFiLlama reveals that surging altcoin Solana (SOL) is now the top traded digital asset on decentralized exchanges (DEXs) behind Ethereum (ETH). Solana's trading DEX volume has soared by more than 25% in the past week for a total of $5.

Solana Surges Nearly 83% in a Week As SOL's Decentralized Exchange Volumes Now Rank Second After Ethereum's

Venture capitalist Chris Burniske says that one red-hot Ethereum (ETH) rival that has surged over 1,000% this year is primed to hit new all-time highs (ATHs).

Ethereum Competitor That's Exploded 1,000%+ This Year Eyeing New All-Time High, According to Venture Capitalist

A widely followed crypto analyst says that another rise of over 3x is in the cards for one red-hot altcoin that has already skyrocketed about 1,000% since the start of the year.

‘Absolutely Feasible' for Solana To Explode by Over 220% Going Forward, Says InvestAnswers

Solana's (CRYPTO: SOL) meme coin BONK (CRYPTO: BONK) rose 9000% year-to-date, with a market capitalization of $1.17 billion becoming the third-largest dog-themed coin, behind Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH) based Shiba Inu (CRYPTO: SHIB). Half of BONK Supply Airdropped to Solana Community It all started in 2022 December, when the Solana community was in for a treat as half of the BONK supply was airdropped to developers, artists, NFT collectors, and others in the space.

Is Santa Betting On BONK? How Solana's Memecoin Jingled All The Way To $1B Market Cap Club Containing Shiba Inu, Dogecoin

Saga phones are still selling for thousands on eBay as Solana breezes past $100, nearly a year after being under $10.

Solana sets records for monthly new and active addresses amid price rally

In the last week, sales of non-fungible tokens (NFTs) have fallen by 12.26%, totaling $463.87 million, marking a decrease from the previous week. NFTs centered around Bitcoin topped the chart, amassing $265.61 million in sales, despite a 13.71% decline from the preceding week.

NFT Sales Dip — Bitcoin Dominance and Solana's Rise Challenge Ethereum's NFT Authority

Seasoned trader Peter Brandt says he's no longer expecting the leading altcoin Ethereum (ETH) go on a big move to the downside. Last week, Brandt told his 707,300 followers on the social media platform X that he was shorting Ethereum, predicting that ETH could tumble to as low as $650.

Veteran Trader Peter Brandt Withdraws Bearish Outlook on Ethereum, Says Solana Can Continue Trending Higher

The price of Solana (SOL) reached the predicted level of $100 on December 22. The altcoin reached a high of $100, but encountered resistance at this level.

Solana Price Climbs Back To $100 After Recent Low

The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth. Raydium (RAY) is an on-chain order book automated market maker (AMM). The project's native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago.

Solana Decentralized Exchange Altcoin Skyrockets More Than 95% This Week Amid Roaring Network Growth

On Saturday, the smart contract platform Solana's token, solana (SOL), eclipsed the $100 threshold, achieving a weekly growth exceeding 36% against the U.S. dollar. Throughout the year, investor sentiment toward solana (SOL) has remained overwhelmingly positive, intensifying following the conviction of ex-FTX chief Sam Bankman-Fried on multiple charges on Nov. 2, 2023.

Solana Tops $100 After Monumental 764% Growth This Year

Memecoin traders and airdrop farmers are bringing more attention to Solana.

Solana (SOL) Rallies Past $100, Continuing Torrid Month

Continuing its recent ascent, Solana pushed past the $100 mark Saturday to set a 20-month high, surpassing recent Bitcoin and Ethereum gains.

Solana Smashes Past $100 for First Time Since April 2022

Stablecoin issuer Paxos is expanding into the Solana (SOL) network, becoming the first multi-chain platform to be regulated across multiple jurisdictions.

News for Solana Crypto (SOL)