Solana Enhances Privacy Offerings As SOL’s Uptrend Persists With 4% Gains
Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit by Halborn, a blockchain security firm. Solana Labs Rolls Out Privacy-Enhancing Update According to the announcement made by Solana’s infrastructure provider Helius, The update....
Related News
With the market turning increasingly bullish, Solana continues to demonstrate resilience and upside momentum, holding strongly above the $200 price mark. As SOL’s price gains traction, key indicators are beginning to signal the potential for further upward movement in the short and long term. An Impending Move For Solana To $275 And $300 Solana has […]
Solana, like Bitcoin and Ethereum, has been on a strong uptrend since July, gaining more than 33% in that time. But its latest 16% rally in just three days is especially noteworthy, as it marks $SOL’s third recent attempt to break firmly above $200, after failing twice before (once in July, and again in August). […]
Following Bitcoin and other altcoins like Ethereum, Solana is edging higher, clawing its way back after sharp losses in June. Even though the buyers are yet to reclaim the $155 support level, the expansion over the last few days has seen the coin add 25% after plunging in early July. Is SOL Preparing For $1,000? These encouraging gains over the last few days have seen traders project major gains in the coming days and weeks. Taking to X, one analyst said the coin would easily be more than 6X from spot rates, rallying to as high as $1,000 in the next bull cycle. As things stand, it is....
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months. A recent price rally in the Solana (SOL) market ran out of steam midway as traders’ attention shifted to crypto-focused hedge fund Alameda Research’s insolvency rumors.Alameda Research insolvency rumors affect SOL On Nov. 7, SOL’s price plunged nearly 6% to about $30.50. The intraday selloff came as a part of a broader pullback trend that started on Nov. 5 when SOL peaked at around $38.75. Between then and now, the Solana token is down over....
Solana has been one of the best-performing assets in the crypto 10 top by market pairing Ethereum’s wins during the weekend. The cryptocurrency has persevered some of its past week’s gains but records some hurdles over the past 24 hours. Related Reading: Dogecoin Ready For 4th Straight Week Of Gains – Even Without Elon Musk’s Backing At the time of writing, Solana (SOL) trades at $44.5 with 1% losses over the past day and 10% profits in the past 7 days. In this timeframe, only Ethereum (13% profits) and Dogecoin (13% profits) record better performance. Despite the short-term downside....