Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows. Go to Source
solana
Auto Added by WPeMatico
Over $1B wiped out in crypto liquidations as global markets suffer
Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations. Go to Source
2 reasons Solana and other altcoins ETFs may struggle — Sygnum Bank
Katalin Tischhauser, head of investment research at Signum Bank, has joined other commentators who suggested that spot Solana and Cardano ETFs are unlikely, though VanEck may disagree. Go to Source
An Analysis of Solana’s Celebrity Memecoin Invasion
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates delves into the rise of Solana celebrity memecoins. With memecoins being one of the most consistently active sectors of crypto, … Read more
Bitcoin falls into demand zone — Will SOL, XRP, KAS and AAVE follow?
Bitcoin may find buyers close to $56,000, benefitting select altcoins such as SOL, XRP, KAS, and AAVE. Go to Source
Solana Token’s Rally Reflects Protocol’s Potential, Says Web3 Advocate
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with … Read more
Solana’s Key Metrics Show Significant Growth And Bullish Potential
Since June 2024, Solana’s key metrics have shown impressive growth. DeFi Total Value Locked (TVL) has surged by 20%, net inflows have increased by 126%, and non-voting transactions have risen by 21%. 🚨REPORT: @Solana’s key metrics have shown significant growth since June 2024. ▶️ DeFi TVL: increased by 20% ▶️ Net Inflows: increased by 126% … Read more
Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes
Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon aims to foster innovation and the adoption of PYUSD on Solana. Paypal Announces Global PYUSD Hackathon … Read more
Price analysis 8/2: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness. Go to Source
July NFT Sales Plummet for Second Consecutive Month
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July marked the second consecutive month … Read more