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With the release of testnet v1.18.11, the #Solana congestion issues may soon be a thing of the past With a version that tackles congestion, the Solana blockchain should soon be back to normal. Anza, a Solana-focused devshop, solved the problem of failed transactions on the Web3 infrastructure platform. With $192 serving as resistance, the $SOL price has been range bound. Transaction failures on the Solana network are a direct result of blockchain congestion. The problem has been made worse by the recent surge in popularity of meme currencies based on Solana, which has led to an explosion in user activity on the SOL blockchain. A technical release may put an end to the Solana congestion problems. The Solana blockchain has congestion problems, which cause more than half of the transactions to fail. Dune Analytics provided the data used for this. Market players have used to social media sites like X to criticize the botched deals. Co-founders of Solana have already reassured SOL holders that engineers and technical teams are hard at work on a solution. A devshop named Anza, which focuses on Solana, released a patch for the devnet and suggested it for the testnet as well. Upon deployment to the mainnet, the solution will likely resolve the chain's congestion concerns. Since April 2, the price of #SOL has been quite stable, fluctuating between $162 and $192. The price of SOL has been moving closer to the bottom edge of the range, at $162, according to the price action. As of this writing on Friday, the price of SOL is $168.32.

With the release of testnet v1.18.11, the #Solana congestion issues may soon be a thing of the past

With a version that tackles congestion, the Solana blockchain should soon be back to normal.

Anza, a Solana-focused devshop, solved the problem of failed transactions on the Web3 infrastructure platform.

With $192 serving as resistance, the $SOL price has been range bound.

Transaction failures on the Solana network are a direct result of blockchain congestion. The problem has been made worse by the recent surge in popularity of meme currencies based on Solana, which has led to an explosion in user activity on the SOL blockchain.

A technical release may put an end to the Solana congestion problems.

The Solana blockchain has congestion problems, which cause more than half of the transactions to fail. Dune Analytics provided the data used for this. Market players have used to social media sites like X to criticize the botched deals.

Co-founders of Solana have already reassured SOL holders that engineers and technical teams are hard at work on a solution. A devshop named Anza, which focuses on Solana, released a patch for the devnet and suggested it for the testnet as well. Upon deployment to the mainnet, the solution will likely resolve the chain's congestion concerns.

Since April 2, the price of #SOL has been quite stable, fluctuating between $162 and $192. The price of SOL has been moving closer to the bottom edge of the range, at $162, according to the price action. As of this writing on Friday, the price of SOL is $168.32.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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Latest Meme Coin Pre-Sale Drops Soon, Causing a 10% Drop in $BONK Price As the market cap of market leaders Bitcoin (BTC) and Ethereum (ETH) dropped, the value of Solana's second-largest meme currency, Bonk (BONK), also dropped, falling 8% overnight. The current price of one Bonk is $0.00002427, as of Monday AM UTC. From its all-time high of $0.00004547 on March 4 of this year, it has fallen by over 50%. For context, according to CoinGecko, Bitcoin fell 2.3% overnight and is now trading at about $62,309, and Ethereum fell 4.3% and is now trading at $3,171. Meme currencies, in comparison to the market leaders, have taken a beating recently. The market cap of Dogecoin (DOGE), the leading cryptocurrency in this space, dropped 5.3% to $0.1413. While Bonk's chain mate and #1 Solana meme currency DogWifHat (WIF) declined 3.5% in the previous 24 hours, Pepe (PEPE) and Floki (FLOKI) both plummeted 8% overnight. Cryptocurrency investors have become more risk cautious due to concerns that the U.S. central bank may decide to maintain interest rates higher for an extended period of time at this week's Federal Reserve meeting. But there is one indicator that Bonk is doing well. Its value has increased by 17.5% from last week at the current pricing. This seven-day gain outpaces the market valuation of every single cryptocurrency in the top 100 today. On BONK's trading chart, we can see the usual ups and downs of token prices over the last three months. Although Bonk has been trading fairly steadily after its market-wide jump in late February and early March, it did rally to its ATH. Bonk is expected to maintain its current degree of stability in the near future, thanks to the token's solid support around its current price and an RSI reading of 40 and rising. #Fed #Memecoins #BONK
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#Ethereum maintains price over $3,100 as fees fall to October lows Despite relatively high throughput, the Ethereum supply is increasing. Since October, the average charge has plummeted to $1.12 per transaction. After rising 4% over the previous week, Ether maintained a price over $3,100 on Sunday. The high transaction fees on Ethereum have always been a problem for the network. Users seeking alternatives to lower-cost transactions saw Layer 2 chains and scaling solutions emerge as a result. With the average cost level for Ethereum network transactions falling to $1.12, the problem seems to have de-escalated. Since October 18, this is among the lowest levels recorded. Reduced Ethereum transaction fees The amount of Ether in circulation has increased dramatically, reaching its highest point since March, according to data from Ultrasound Money. With the burn rate consistently falling over the previous two weeks, there has been a dramatic rise in supply, and there is currently just over 120 million Ether in circulation. According to Ultrasound.money, gas costs have increased from a low of 4.48 Gwei to a current figure of 7.19 Gwei. As seen in YCharts, gas fees have dropped from a high of $3.788 in May 2023 to their present level of $0.62. The most recent surge came as a shock to Ethereum investors, as seen by the supply chart, after five months of consistent depreciation. You can see the unexpected surge in supply in the Ethereum supply chart below. The price of Ether has not been significantly affected by these catalysts. After relatively little movements after Bitcoin's halving, the cryptocurrency has maintained over $3,100 on Sunday. Ethereum (ETH) investors are eagerly anticipating the judgment of the Securities and Exchange Commission (SEC) on the Spot Ether ETF, which is expected to be the most important trigger for Ethereum. #BTC #ETH $ETH
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