In recent times, Solana has been on an amazing run, but it appears that the network is not even close to being finished. The most recent event is the acquisition of the official Solana explorer, which is known as Solscan, by the blockchain explorer that is considered to be the most prominent in the cryptocurrency sector.
The dominance of Etherscan over Solscan
Because it has provided services to prominent companies like Ethereum and Avalanche during the course of its existence, the word Etherscan has become associated with blockchain investigation. In the course of its ongoing expansion, it has included the most extensive blockchain explorer available on the Solana network.
It was on Wednesday, January 3, that Etherscan made the announcement of the new acquisition on its X account, which was formerly known as Twitter. This information demonstrated that Solscan is now a fully integrated component of the Etherscan ecosystem. "With the addition of @solscanofficial to the team, we hope to continue executing on our vision of providing credibly neutral and equitable access to blockchain data," the statement said.
This purchase comes only a few short months after the blockchain explorer was forced to part ways with Avalanche, who was one of its most important customers prior to the acquisition. Twenty-three years ago, the Avalanche network made public its intention to discontinue the utilization of the Etherscan service for its official explorer.
It appears that the cryptocurrency company had been paying Etherscan a sum of money that was greater than two million dollars annually in order to make use of their technology for its Snowtrace blockchain explorer. Avalanche would ultimately form a partnership with a service provider that is smaller and less well-known, but in the process, it would offer a cross-chain service that is now hosted on the same website as Snowtrace.
The name Solana is now being discussed by every investor who is not only anticipating a rise in the value of the asset but also anticipating an increase in the number of tokens that are being issued on the blockchain. Since then, Solana has developed into the home of meme currencies, surpassing Ethereum in terms of both the amount of DEX transactions and the volume of USDT transactions.
In the midst of this, there have been requests for the price of SOL to continue to increase. One of the analysts at PS Trade is of the opinion that the price of the coin may ultimately reach $1,000. The research that was published on TradingView indicates that the analyst believes there is a possibility that there will be another attempt to break out of the local top before the price level reaches $148-158.
Following this, PS Trade anticipates that the price of SOL will fall back between $45 to $70, which they consider to be a buy point. This will occur once FTX begins to sell in order to pay back obligations to creditors. From this point on, it is anticipated that the price would increase by between 1,500% and 2,000%, which will cause it to surpass $1,000.
In addition, the crypto study praised the network for its resilience in the aftermath of the FTX crash. "SOLANA has demonstrated its tenacity and the skill of the individuals who created the initiative. They were able to bring back to life a project that appeared to have succumbed to the same fate as FTX, according to PS Trade.
#Solscan #sol #ETH $ETH $SOL

Earlier it was McDonald's, now it's who? the French footballer Kylian Mbappe hacked on X!
Crypto FOMO or Manipulation?

Don't Get Caught Chasing Tails: Be Smart, And Not be the actual $DOGS of the Crypto Space, haha!

A degen created a new wallet and spent 7,156 $SOL ($1.03M) purchasing a #MEMEcoin named $MBAPPE in a single transaction, which is now only worth $9.2K or even, dust at the point of reading this.

This gambler lost more than $1M in just 1 hour!

Then there's another who bought, and turned $28 into literally $124k. Big Win?

The promotional tweets on Mbappe's X have been removed, but the impact was significant. The incident revealed how easily high-profile accounts can be used to manipulate the crypto market. With the $MBAPPE token's value plummeting to zero, the cryptocurrency community is now scrutinizing the ethics and security of digital investments.

This serves as a stark reminder of the vulnerabilities in the crypto space and the lengths to which unscrupulous actors will go to exploit high-profile platforms. As we reflect on the fallout from the $MBAPPE debacle, it's essential for the crypto community to engage in a broader discussion about the safeguards necessary to protect investors and maintain market integrity.
What measures should be in place to prevent such manipulations in the future? How can we ensure that our investments are both ethical and secure?
Share your thoughts and experiences in the comments below, and feel free to reach out for guidance on navigating this complex and evolving landscape. Let’s work together to build a more informed and resilient crypto ecosystem. I'm reading and listening.
#CryptoMarketMoves #Solscan #CryptoNewsCommunity