TA: Indicators Showing that SOL Has Reached a Top Margin

SOL has been one of the standout performers in the crypto industry for the past few weeks. The coin gave many investors a haven, especially when the market started to go sideways. Most coin prices were taking a beating, but SOL stood firm. There is no doubt that the SOL resurgence has been impressive. The coin’s performance over the past few weeks has been incredibly inspiring. But, unfortunately, you often see a large-cap coin standing firm even when the entire market is…

Is Solana a Decentralized Network? Recent Events Say Otherwise

Solana, a smart contract center, has been the talk of the crypto world for about a month now. Its value increased nearly 7 times between August and September, from merely $30 to over $200. Those excellent moves in the coin and network show that the blockchain is heading to greatness. Nonetheless, the cryptocurrency has seen its value plummet from the recent ATH to values below $150. Analysts are still discussing whether the crypto's price action signals a pump and dump…

Solana CEO Believes the Project Will Make Strides with Its Scalability Potential

The CEO and co-founder at Solana Labs, Anatoly Yakovenko, addressed how Solana has taken up crypto space. Anatoly shared some specifics about the project in an interview at the SALT conference 2021. Solana's Achieved improvements The CEO reported that the project's sole focus is on improving transactional speed to ensure scalability for its users. To achieve this, Yakovenko stated that Solana sought out a third-party host. He mentioned that SOL hit 200,000 transactions per second. The third-party validators ensure higher capacity for crypto…

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…

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,…

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…