Cryptocurrency Roundup: October 26 - November 1, 2023

1. Solana’s meteoric rise makes her stand out in the world of cryptocurrencies 🚀

Solana has caught the attention of the crypto community with an astounding 24% surge in the last 24 hours and an impressive 80% surge in the past month. Despite issues like the FTX scandal and the shutdown of its NFT demo project, Solana remains a magnet for developers and investors. Its speed, scalability, and availability have sparked discussions about its potential to surpass Ethereum as a blockchain technology.

2.SafeMoon, once a rising star in the crypto space, is now facing a serious legal crisis. Braden John Caroni, Kyle Nagy and Thomas Smith, key executives of SafeMoon, were charged by the U.S. Department of Justice with conspiracy to commit securities fraud, wire fraud and money laundering. These charges are accompanied by civil suits from the US Securities and Exchange Commission for their alleged participation in a fraudulent scheme that led to a significant drop in the price of SafeMoon.$SOL