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…

Deutsche Boerse Introduces Solana, Tron and Polkadot ETNs through VanEck

Deutsche Boerse has added three new crypto exchange-traded notes (ETNs) in its exchange. It further expands to the previously listed ETNs like BTC, ETH, BCH, and LTC. According to Deutsche Boerse, it officially announced on Tuesday that anyone could trade its three new ETNs. The ETNs, Tron (TRX), Solana (SOL), and Polkadot (DOT), will be available on the Frankfurt Stock Exchange and Xetra. The three ETNs launched by the German stock market operator, Deutsche Boerse, are an addition to the other cryptocurrencies on the…

Solana Faces Intermittent Instability as SOL Dives Slightly 

Solana Faces Intermittent Instability as its user's complaints show that transaction blocks are not processing on the network. The last transaction block recorded was 5 hours ago, based on SolScan and Solana Beach block explorers. The project is a platform for dApps created in Solana Labs based in San Francisco. High scalability and low transaction fees are the most attractive features of the project. Addressing the Technical Issue Solana Foundation has confirmed the claims on Twitter. The message reads that Solana mainnet-beta…

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…

Crypto Market Crashes on El Salvador’s Bitcoin Day, What Could be the Reason?

The crypto market faced one of the most volatile days in history as a severe flash crash took the market by surprise on El Salvador's "Bitcoin Day." Investors expected the world's leading crypto to shine as El Salvador officially adopted BTC as legal tender on September 7. The announcement should have been a fundamentally bullish moment for the king coin. Many market participants touted the historical development as a landmark event that would have massive implications on crypto adoption globally.  …

BTC Still Bearish as ETH, ADA, SOL Continue to Recover

In the past 24 hours, Bitcoin has maintained a bearish price trend, while Ethereum, Cardano, and Solana's prices continue to rise. Cardano and Solana have been making new ATH values in just the past few weeks. The crypto market also seems to be in recovery.  BTC Bulls Still Uncertain BTC is still on a high low but showing signs of a continued bearish statement. Late 31st August, bitcoin was trading at $47.9k. A few hours later, it managed to even hit…

BTC Transfers Reach Two-year High as Solana Rallies

The Solana (SOL) price has rocketed nearly 220% over the past month. Most of it is due to investors flocking into the project, expecting considerable gains in the near term. Net investment inflows into Solana rose to $7M over the past week.  The project's impressive gains come from the growing excitement around DeFi initiatives. In August alone, Solana's DeFi projects tripled in value. The value crossed the $3B mark for the first time in history. Meanwhile, the booming popularity of…

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,…

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