Solana Faces Double Trouble: 55% Network Drop And Price Woes
SOL, the native token of the Solana network, is one of the worst-performing cryptos in recent days. Once the darling of the meme coin crowd, the popular blockchain is facing its toughest test yet with its massive price drop and dip in network activity. SOL is currently trading at $173, but it’s down nearly 10% from last week’s price and 15% from two weeks ago. If we zoom out on its price history, the token is down 27.5% from last month’s price. Related Reading: XRP Bulls Return—Will This Be the Breakout to $3? Last Tuesday, Solana shed 10% in 24 hours, triggering....
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A billionaire investor recently gave his insights into XRP and why crypto will remain relevant in the future despite the presence of more popular digital assets. American businessman Mike Novogratz highlighted in a podcast that XRP owes its resilience to its community, which helped the crypto sustain its value over the years. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Resilience Of XRP Novogratz was previously skeptical of the lasting power of XRP but in recent years, the American entrepreneur backtracked from his initial skepticism on crypto. The....
Crypto analyst SiDec has raised the possibility of the Solana price dropping to double digits. The analyst revealed major levels to watch for entries as market participants brace up for this massive crash. Major Levels To Watch As Solana Price Risks Drop To Double Digits In a TradingView post, SiDec highlighted the range between $136 and $143 as the major resistance zone for the Solana price. Meanwhile, he stated that between $102 and $98 is the next major support zone, indicating that SOL risks dropping to double digits soon if it fails to hold this support zone. Related Reading: Solana....
A popular cryptocurrency has once again captured the attention of many crypto investors after some experts started discussing the potential long-term valuation of the digital asset. Prominent market analysts believe that XRP could possibly reach $10,000 per coin, saying that the notion is “not a crazy” prediction but a conservative one. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Realistic Price Several crypto analysts argued that a valuation forecast of $10,000 is feasible which they believe could be fueled by institutional adoption and its....
The cryptocurrency world is no stranger to volatility, but recent developments have sent ripples through the Solana (SOL) community, raising concerns about its future. Solana (SOL) has experienced a sharp 15.8% drop, leading to a flurry of reactions from investors and analysts alike. While Solana (SOL)’s decline has certainly captured attention, another player is moving aggressively in the background: Mpeppe (MPEPE). The meme-inspired casino token is making significant strides, with its Stage 3 presale nearing 93% completion, positioning itself as a strong contender in the meme coin....
January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machine NFT bots causing network congestion. Blockchains often have an issue with scaling as they are quite inept […]