SolanaStruggles
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Is Solana Price Set to Reach $600 in This Bull Market?
Solana has popularly become the go-to choice for investors, with most believing it's price could reach $600 in this bull market cycle.
Solana’s Bullish Run Continues: $600 Target in Sight
The last seven days have been a field day for gains within the top assets in the cryptocurrency market, especially Solana. Some coins surged past Bitcoin’s gains in the past week. Solana price is doing particulary great this week, up 34.7%, which is way higher than Bitcoin’s 7-day increase of 28.1%.
The cryptocurrency market experienced a massive inflow following Donald Trump’s victory in the 47th presidential election and also on crypto prediction markets. As Bitcoin price hit a new high of $88,933, most major altcoins recorded a renewed recovery. Thus, the Solana price recorded a sharp surge as well.
At the current price of $210.65, the token seems still well-positioned to go further upwards. A recent MV Global’s Q4 2024 Crypto Investment Manager Survey has placed the coin at a $600 value during this bull cycle.
The MV Global survey conducted responses from 76 prominent venture capital and hedge fund managers. The results of this survey have identified a few trends in the crypto market. Interestingly, 33% think Solana price will exceed $600 during this bull cycle, while another 23.2% say $600 is the limit. The rest of the participants believe that the SOL price will remain between $150-$300.
The token has been the best performer over the past 30 days, up 49.2%, against Bitcoin’s +40.6% and Ethereum’s +37.7%. According to the survey, this outperformance will continue because it has greater exposure to emerging sectors, including DePIN and meme coins.
A Closer Look at the Factors Driving the Surge
The study shows strong confidence in Solana’s potential. Seventy-five percent believe it could outperform crypto ETFs. Bitcoin dominates headlines, with predictions ranging from $100,000 to $150,000 this cycle. However, attention is shifting to altcoins like SOL and ETH. Investors are focusing on these assets as they rise in emerging sectors.
The survey suggests that the altcoin season will not be extensive, and the funds target few tokens. 43% of the participants showed confidence in tokens about AI. 14.3% of all participants liked DePIN tokens.
Meanwhile, 27.5% of participants were skeptical about gaming tokens’ growth. 24.6% showed no interest in Layer-2 tokens.
Most investors didn’t want to increase exposure to meme coins. Only 43% held any, and few invested over $10,000. The MV Global survey shows optimism in sectors like AI. However, it sounds cautious about others. The market is expected to peak in 2025.
Is SOL the Next Big Thing? Analysts Say Yes
These projections are relatively conservative compared to global investment bank Standard Chartered’s target of $200,000 for Bitcoin by the end of 2025 and VanEck’s more optimistic forecast of $300,000.
In the case of Ethereum, the predictions are more mixed; one-third think its peak will be between $3,000 and $5,000, while another third believe it would go as high as $5,000 to $7,000. Despite the different outlooks,ETH has solid institutional support and a core position in DeFi.
In conclusion, Bitcoin’s bullish outlook can be favored by a new US president’s liquidity growth from fiscal policies, but this will be after 16 to 24 months in the absence of time and quantum of inflow. The volatility in the broader crypto market will persist as investors reset expectations, with many expecting the market to peak in 2025.
As this cycle plays out, any growth from Solana will be closely tracked. A consensus is slowly building, and a trajectory of this kind will finally nail its position among the leading cryptocurrencies in the years to come.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Market Cap, Market volume and online media.
#solona #solonapumping #solanAnalysis #SolanaStruggles $SOL
Solana’s Bullish Run Continues: $600 Target in Sight
The last seven days have been a field day for gains within the top assets in the cryptocurrency market, especially Solana. Some coins surged past Bitcoin’s gains in the past week. Solana price is doing particulary great this week, up 34.7%, which is way higher than Bitcoin’s 7-day increase of 28.1%.
The cryptocurrency market experienced a massive inflow following Donald Trump’s victory in the 47th presidential election and also on crypto prediction markets. As Bitcoin price hit a new high of $88,933, most major altcoins recorded a renewed recovery. Thus, the Solana price recorded a sharp surge as well.
At the current price of $210.65, the token seems still well-positioned to go further upwards. A recent MV Global’s Q4 2024 Crypto Investment Manager Survey has placed the coin at a $600 value during this bull cycle.
The MV Global survey conducted responses from 76 prominent venture capital and hedge fund managers. The results of this survey have identified a few trends in the crypto market. Interestingly, 33% think Solana price will exceed $600 during this bull cycle, while another 23.2% say $600 is the limit. The rest of the participants believe that the SOL price will remain between $150-$300.
The token has been the best performer over the past 30 days, up 49.2%, against Bitcoin’s +40.6% and Ethereum’s +37.7%. According to the survey, this outperformance will continue because it has greater exposure to emerging sectors, including DePIN and meme coins.
A Closer Look at the Factors Driving the Surge
The study shows strong confidence in Solana’s potential. Seventy-five percent believe it could outperform crypto ETFs. Bitcoin dominates headlines, with predictions ranging from $100,000 to $150,000 this cycle. However, attention is shifting to altcoins like SOL and ETH. Investors are focusing on these assets as they rise in emerging sectors.
The survey suggests that the altcoin season will not be extensive, and the funds target few tokens. 43% of the participants showed confidence in tokens about AI. 14.3% of all participants liked DePIN tokens.
Meanwhile, 27.5% of participants were skeptical about gaming tokens’ growth. 24.6% showed no interest in Layer-2 tokens.
Most investors didn’t want to increase exposure to meme coins. Only 43% held any, and few invested over $10,000. The MV Global survey shows optimism in sectors like AI. However, it sounds cautious about others. The market is expected to peak in 2025.
Is SOL the Next Big Thing? Analysts Say Yes
These projections are relatively conservative compared to global investment bank Standard Chartered’s target of $200,000 for Bitcoin by the end of 2025 and VanEck’s more optimistic forecast of $300,000.
In the case of Ethereum, the predictions are more mixed; one-third think its peak will be between $3,000 and $5,000, while another third believe it would go as high as $5,000 to $7,000. Despite the different outlooks,ETH has solid institutional support and a core position in DeFi.
In conclusion, Bitcoin’s bullish outlook can be favored by a new US president’s liquidity growth from fiscal policies, but this will be after 16 to 24 months in the absence of time and quantum of inflow. The volatility in the broader crypto market will persist as investors reset expectations, with many expecting the market to peak in 2025.
As this cycle plays out, any growth from Solana will be closely tracked. A consensus is slowly building, and a trajectory of this kind will finally nail its position among the leading cryptocurrencies in the years to come.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Market Cap, Market volume and online media.
#solona #solonapumping #solanAnalysis #SolanaStruggles $SOL
📉 Solana (SOL) Price Could Drop to $130: Key Insights 📉
- SOL bounced off the 50-day EMA support at $160, but hurdles await at $180 and $195.
- While the MACD histogram hints at bullish momentum, the bearish crossing of MACD lines and a neutral RSI cast shadows.
- EMAs suggest a bullish trend in the short to medium term, but beware the looming potential Death Cross.
- With a 20% decline from its $205 peak, SOL finds support at $160, $130, and possibly $85.
- The MACD histogram suggests a looming downturn, while the RSI edges towards neutrality.
- Against Bitcoin, SOL faces resistance, with support anticipated between 0.0021 BTC to 0.0023 BTC.
- Should SOL falter within this range, expect significant support around 0.00145 BTC.
🔍 Conclusion:
- SOL's corrective phase and potential price dips find validation in crucial technical indicators.
- Vigilance and monitoring of support levels amidst volatility are imperative.
🌟 Stay informed for updates on SOL's price movements and market analysis! 🚀 #SolanaStruggles
- SOL bounced off the 50-day EMA support at $160, but hurdles await at $180 and $195.
- While the MACD histogram hints at bullish momentum, the bearish crossing of MACD lines and a neutral RSI cast shadows.
- EMAs suggest a bullish trend in the short to medium term, but beware the looming potential Death Cross.
- With a 20% decline from its $205 peak, SOL finds support at $160, $130, and possibly $85.
- The MACD histogram suggests a looming downturn, while the RSI edges towards neutrality.
- Against Bitcoin, SOL faces resistance, with support anticipated between 0.0021 BTC to 0.0023 BTC.
- Should SOL falter within this range, expect significant support around 0.00145 BTC.
🔍 Conclusion:
- SOL's corrective phase and potential price dips find validation in crucial technical indicators.
- Vigilance and monitoring of support levels amidst volatility are imperative.
🌟 Stay informed for updates on SOL's price movements and market analysis! 🚀 #SolanaStruggles
🔥 Solana Struggles: Failing Transactions or Bot Spam? 🤔
Recent data shows that approximately 75% of non-vote transactions on the Solana network have been failing, sparking concerns among users and observers alike. 😱 However, there's more to this story than meets the eye.
While some attribute the high failure rate to a deluge of memecoin mania and increased network activity, others argue that the majority of failed transactions are simply due to "bot spam." 🤖 This perspective suggests that these failed transactions are not necessarily impacting regular users, as most wallets simulate the transaction beforehand to warn users of potential failures.
Vocal Solana advocate and Helius CEO Mert Mumtaz supports this view, asserting that the failed transactions chart may not accurately reflect user impact, as most users don't even attempt transactions that would end in failure. He claims that the vast majority of failed transactions are the result of bots attempting arbitrage strategies, rather than genuine user transactions.
While some hope that the upcoming 1.18 Solana network upgrade will address these issues, Mumtaz suggests that networking patches are what's truly needed to improve user experience on Solana. 🛠️ Until then, users may continue to experience degraded performance on the network.
Despite these challenges, Solana's price has remained relatively stable, experiencing only a slight decline after a recent rally. It currently holds the fifth-largest cryptocurrency market cap, trailing behind Binance's BNB token. 💹
As the Solana network navigates these issues, users and observers will be closely monitoring developments to see how they impact the platform's future. 🚀 #SolanaStruggles #CryptoNews #BotSpam #NetworkUpgrade
Recent data shows that approximately 75% of non-vote transactions on the Solana network have been failing, sparking concerns among users and observers alike. 😱 However, there's more to this story than meets the eye.
While some attribute the high failure rate to a deluge of memecoin mania and increased network activity, others argue that the majority of failed transactions are simply due to "bot spam." 🤖 This perspective suggests that these failed transactions are not necessarily impacting regular users, as most wallets simulate the transaction beforehand to warn users of potential failures.
Vocal Solana advocate and Helius CEO Mert Mumtaz supports this view, asserting that the failed transactions chart may not accurately reflect user impact, as most users don't even attempt transactions that would end in failure. He claims that the vast majority of failed transactions are the result of bots attempting arbitrage strategies, rather than genuine user transactions.
While some hope that the upcoming 1.18 Solana network upgrade will address these issues, Mumtaz suggests that networking patches are what's truly needed to improve user experience on Solana. 🛠️ Until then, users may continue to experience degraded performance on the network.
Despite these challenges, Solana's price has remained relatively stable, experiencing only a slight decline after a recent rally. It currently holds the fifth-largest cryptocurrency market cap, trailing behind Binance's BNB token. 💹
As the Solana network navigates these issues, users and observers will be closely monitoring developments to see how they impact the platform's future. 🚀 #SolanaStruggles #CryptoNews #BotSpam #NetworkUpgrade
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🔥🚨 **Co-founder Speaks Out: Solana Faces an "Existential Moment"** 🚨🔥
In a recent revelation, the Solana network finds itself at a critical juncture, grappling with unprecedented congestion that has led to a staggering increase in transaction failures. As of April 4, over three-quarters of "non-voting" transactions on Solana have faltered, marking a distressing escalation in network challenges.
The surge in transaction failures correlates with a notable uptick in network activity, fueled primarily by the frenetic demand for memecoins. This surge has propelled Solana's transaction volume and user count to stratospheric heights, underscoring the strain on the network's infrastructure.
The Solana community finds itself immersed in fervent discourse, with users voicing their frustration over the influx of failed transactions and the ensuing decline in user experience. This palpable discontent reverberates across social media platforms, reflecting the urgent need for remedial action to alleviate congestion and restore seamless transaction functionality.
As Solana confronts this existential moment, it must swiftly implement effective measures to address network congestion and enhance user satisfaction. Failure to do so risks eroding confidence in the platform and jeopardizing its long-term viability in the fiercely competitive landscape of decentralized networks.
Amidst the challenges, the Solana community remains resilient, rallying behind the network in anticipation of strategic interventions that will fortify its resilience and propel it towards a future of sustained growth and innovation. 💪🌐 #SolanaStruggles #NetworkCongestionCrisis 📉🔧
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🔥🚨 **Co-founder Speaks Out: Solana Faces an "Existential Moment"** 🚨🔥
In a recent revelation, the Solana network finds itself at a critical juncture, grappling with unprecedented congestion that has led to a staggering increase in transaction failures. As of April 4, over three-quarters of "non-voting" transactions on Solana have faltered, marking a distressing escalation in network challenges.
The surge in transaction failures correlates with a notable uptick in network activity, fueled primarily by the frenetic demand for memecoins. This surge has propelled Solana's transaction volume and user count to stratospheric heights, underscoring the strain on the network's infrastructure.
The Solana community finds itself immersed in fervent discourse, with users voicing their frustration over the influx of failed transactions and the ensuing decline in user experience. This palpable discontent reverberates across social media platforms, reflecting the urgent need for remedial action to alleviate congestion and restore seamless transaction functionality.
As Solana confronts this existential moment, it must swiftly implement effective measures to address network congestion and enhance user satisfaction. Failure to do so risks eroding confidence in the platform and jeopardizing its long-term viability in the fiercely competitive landscape of decentralized networks.
Amidst the challenges, the Solana community remains resilient, rallying behind the network in anticipation of strategic interventions that will fortify its resilience and propel it towards a future of sustained growth and innovation. 💪🌐 #SolanaStruggles #NetworkCongestionCrisis 📉🔧
Follow | Like ❤️ | Quote 🔄 | Comment
💫 Top Solana projects by revenue generated in the last 30 days.
#bitcoinhalving #SolanaStruggles #solanmeme #SolanaRevival
#bitcoinhalving #SolanaStruggles #solanmeme #SolanaRevival
FTX’s bankruptcy estate has sold locked Solana tokens worth about $1.6b at $64 per token to firms including Galaxy Trading and Pantera Capital
@CryptoMudi
$SOL #BullorBear #Memecoins #SolanaStruggles
@CryptoMudi
$SOL #BullorBear #Memecoins #SolanaStruggles
𝐁𝐈𝐆 𝐆𝐈𝐅𝐓 𝐅𝐎𝐑 𝐘𝐎𝐔 𝐂𝐋𝐈𝐂𝐊 𝐓𝐖𝐎 𝐌𝐘 𝐏𝐈𝐍𝐍𝐄𝐃 𝐏𝐎𝐒𝐓𝐒 𝐆𝐄𝐓 𝐑𝐄𝐖𝐀𝐑𝐃 𝐔𝐏𝐓𝐎 𝟏𝟎$💰🎁
HIGH RISK TRADE FOR SOL!!!
From a technical perspective, an analysis of the 1-hour timeframe reveals a liquidity hunt followed by a subsequent break in market structure. Additionally, during the 15-minute retracement, another break in market structure occurred, serving as a confirmation signal and validating a potential buy signal.
However, it is important to note that the demand zone is quite huge. For low-risk traders, it may be advisable to initiate trades only after the price has retraced at least 50% of the demand zone. This strategy could provide a more secure entry point, aligning with a conservative trading approach.
#bitcoinhalving #BullorBear #Solana’ #SolanaStruggles
HIGH RISK TRADE FOR SOL!!!
From a technical perspective, an analysis of the 1-hour timeframe reveals a liquidity hunt followed by a subsequent break in market structure. Additionally, during the 15-minute retracement, another break in market structure occurred, serving as a confirmation signal and validating a potential buy signal.
However, it is important to note that the demand zone is quite huge. For low-risk traders, it may be advisable to initiate trades only after the price has retraced at least 50% of the demand zone. This strategy could provide a more secure entry point, aligning with a conservative trading approach.
#bitcoinhalving #BullorBear #Solana’ #SolanaStruggles
🔍 Solana Price Analysis: Evaluating $164 Support Amid Downtrend
As SOL faces a persistent downtrend, buyers are grappling to reverse the momentum, while sellers exploit the market sentiment. In the past week, SOL endured a notable decline, sparking discussions on the viability of the upcoming support level.
🎯 Key Levels to Observe:
- Support: $164
- Resistance: $206
🔻 Impact of Sellers:
Despite two unsuccessful attempts to breach the critical resistance at $206, SOL encountered a 10% drop in valuation. Sellers now aim to challenge the pivotal support at $164, intending to push the price lower.
📉 Pressure on Support:
Preserving SOL above the pivotal $164 support is vital to avoiding further descent. A breach could indicate additional downside potential, potentially steering Solana towards $130.
📉 Bearish Indicators:
The recent bearish cross on the 3-day MACD indicator exacerbates bearish sentiment. This suggests a shift towards bearish momentum, potentially signaling the conclusion of Solana's upward trend, particularly if the $164 support level is breached.
📉 Current Sentiment: Bearish
📉 Short-term Projection:
Solana's price trajectory is at a critical juncture, with evident signs of seller dominance. A successful breach of the $164 support level may lead to further downturns, validating the bearish outlook.
In summary, maintaining vigilance is imperative as Solana navigates this challenging phase. Traders should meticulously monitor price fluctuations around the $164 support level to ascertain SOL's potential direction in the immediate future. #SolanaStruggles na #Priceanalysis is 📉💼$SOL $ETH $BTC #BullorBear
As SOL faces a persistent downtrend, buyers are grappling to reverse the momentum, while sellers exploit the market sentiment. In the past week, SOL endured a notable decline, sparking discussions on the viability of the upcoming support level.
🎯 Key Levels to Observe:
- Support: $164
- Resistance: $206
🔻 Impact of Sellers:
Despite two unsuccessful attempts to breach the critical resistance at $206, SOL encountered a 10% drop in valuation. Sellers now aim to challenge the pivotal support at $164, intending to push the price lower.
📉 Pressure on Support:
Preserving SOL above the pivotal $164 support is vital to avoiding further descent. A breach could indicate additional downside potential, potentially steering Solana towards $130.
📉 Bearish Indicators:
The recent bearish cross on the 3-day MACD indicator exacerbates bearish sentiment. This suggests a shift towards bearish momentum, potentially signaling the conclusion of Solana's upward trend, particularly if the $164 support level is breached.
📉 Current Sentiment: Bearish
📉 Short-term Projection:
Solana's price trajectory is at a critical juncture, with evident signs of seller dominance. A successful breach of the $164 support level may lead to further downturns, validating the bearish outlook.
In summary, maintaining vigilance is imperative as Solana navigates this challenging phase. Traders should meticulously monitor price fluctuations around the $164 support level to ascertain SOL's potential direction in the immediate future. #SolanaStruggles na #Priceanalysis is 📉💼$SOL $ETH $BTC #BullorBear
$BTC $SOL
➠️Caution These are the three Solana ecosystem tokens you should avoid purchasing in April
♠️ 🔥🔥In its DeFi ecosystem, Solana ($SOL ) is experiencing tense times due to network problems, congestion bugs, transaction failures, and rug pulls.
In light of this, Finbold has decided to steer clear of three Solana tokens this month due to uncertainty.
It's noteworthy how, in 2024, the Solana ecosystem has come into its own amid expansion and heightened consumer interest. SOL, the native token of the network, rose up the market cap rankings and is currently ranked among the top five most valuable cryptocurrencies.
Nevertheless, as meme coins and rug pulls began to rule the cryptocurrency market, investors became overly greedy. After this unsustainable change, traders of cryptocurrencies began reporting significant losses with tokens that quickly erased gains.
Avert the most popular meme tokens in Solana, dogwifhat (WIF) and BONK.
During the recent meme coin frenzy, Dogwifhat (WIF) led the market in terms of price performance, volume, and total interest. Furthermore, traders preferred the Solana ecosystem over other options when it came to speculating with these tokens, which broadened the appeal of WIF.
Memes like dogwifhat are now to be avoided because of the market's turn and traders' attempts to hold onto their gains.
It's interesting to note that WIF has two important supports below its current token price of $3.28. Initially, at approximately $2.0, where psychological factors also come into play, and then at $0.30.
This results in a massive liquidity gap between the nearest support ($2) and the lowest one ($0.30), which could lead to losses of 85%.🔥
#WIF🔥🔥 #BONK #SolanaStruggles
➠️Caution These are the three Solana ecosystem tokens you should avoid purchasing in April
♠️ 🔥🔥In its DeFi ecosystem, Solana ($SOL ) is experiencing tense times due to network problems, congestion bugs, transaction failures, and rug pulls.
In light of this, Finbold has decided to steer clear of three Solana tokens this month due to uncertainty.
It's noteworthy how, in 2024, the Solana ecosystem has come into its own amid expansion and heightened consumer interest. SOL, the native token of the network, rose up the market cap rankings and is currently ranked among the top five most valuable cryptocurrencies.
Nevertheless, as meme coins and rug pulls began to rule the cryptocurrency market, investors became overly greedy. After this unsustainable change, traders of cryptocurrencies began reporting significant losses with tokens that quickly erased gains.
Avert the most popular meme tokens in Solana, dogwifhat (WIF) and BONK.
During the recent meme coin frenzy, Dogwifhat (WIF) led the market in terms of price performance, volume, and total interest. Furthermore, traders preferred the Solana ecosystem over other options when it came to speculating with these tokens, which broadened the appeal of WIF.
Memes like dogwifhat are now to be avoided because of the market's turn and traders' attempts to hold onto their gains.
It's interesting to note that WIF has two important supports below its current token price of $3.28. Initially, at approximately $2.0, where psychological factors also come into play, and then at $0.30.
This results in a massive liquidity gap between the nearest support ($2) and the lowest one ($0.30), which could lead to losses of 85%.🔥
#WIF🔥🔥 #BONK #SolanaStruggles
Should I buy or sell SOL?
On the 4-hour chart, SOL's price movement aligns with my analysis, indicating a potential retracement due to decreasing momentum.
It's wise to wait for a confirmed break of market structure on the H4 chart before considering a bullish position, ensuring confirmation of upward momentum and reducing the risk of early entry.
If you find this information valuable, feel free to share and consider tipping, as it encourages the provision of more insightful updates.
#SolanaInvesting #Solana #SolanaRevival #SolanaStruggles
On the 4-hour chart, SOL's price movement aligns with my analysis, indicating a potential retracement due to decreasing momentum.
It's wise to wait for a confirmed break of market structure on the H4 chart before considering a bullish position, ensuring confirmation of upward momentum and reducing the risk of early entry.
If you find this information valuable, feel free to share and consider tipping, as it encourages the provision of more insightful updates.
#SolanaInvesting #Solana #SolanaRevival #SolanaStruggles
#SolanaStruggles
The devnet glitch added another chapter to Solana’s ill-famed network disruptions.
Solana’s devnet has successfully restarted and resumed normal operations, according to the latest update from the Solana Foundation.
The development environment went down in the wee hours of 19 April. Solana developers fixed the issue and the devnet was scheduled to restart at 6 PM UTC. However, an error encountered during the restart extended the downtime. The devnet finally went live at 6 AM UTC on 20 April.
AMBCrypto verified the announcement with the help of Solana Explorer. Indeed, transactions can now be seen getting confirmed on the devnet.
Solana gets disrupted again
Note that the issue didn’t impact operations on the Solana mainnet or even the testnet. That being said, it added another chapter to Solana’s ill-famed network disruptions. Especially since Solana’s mainnet went down for nearly five hours in early February.
Additionally, the network has been grappling with congestion challenges lately due to high volumes of memecoin trading. Rex St.John, senior developer at Solana-focused devshop Anza, announced version v1.18 meant to address these issues. It is now already on the devnet, and would be eventually rolled out on the mainnet.
Sentiment for SOL remains bearish
Meanwhile, at the time of writing, SOL was down by 1.8% over the last 24 hours, according to CoinMarketCap, FUD over persistent network glitches could have contributed to the same, especially since Bitcoin’s halving has permeated much optimism across the market.
The altcoin’s social volume i.e, amount of mentions on top crypto-focused social media channels rose marginally on 19 April too, as per AMBCrypto’s analysis of Santiment data. That being said, most of the commentary was negative, with the same evidenced by the negative weighted sentiment indicator.
$SOL #BullorBear #Solana’ #SolanaStruggles #solana
The devnet glitch added another chapter to Solana’s ill-famed network disruptions.
Solana’s devnet has successfully restarted and resumed normal operations, according to the latest update from the Solana Foundation.
The development environment went down in the wee hours of 19 April. Solana developers fixed the issue and the devnet was scheduled to restart at 6 PM UTC. However, an error encountered during the restart extended the downtime. The devnet finally went live at 6 AM UTC on 20 April.
AMBCrypto verified the announcement with the help of Solana Explorer. Indeed, transactions can now be seen getting confirmed on the devnet.
Solana gets disrupted again
Note that the issue didn’t impact operations on the Solana mainnet or even the testnet. That being said, it added another chapter to Solana’s ill-famed network disruptions. Especially since Solana’s mainnet went down for nearly five hours in early February.
Additionally, the network has been grappling with congestion challenges lately due to high volumes of memecoin trading. Rex St.John, senior developer at Solana-focused devshop Anza, announced version v1.18 meant to address these issues. It is now already on the devnet, and would be eventually rolled out on the mainnet.
Sentiment for SOL remains bearish
Meanwhile, at the time of writing, SOL was down by 1.8% over the last 24 hours, according to CoinMarketCap, FUD over persistent network glitches could have contributed to the same, especially since Bitcoin’s halving has permeated much optimism across the market.
The altcoin’s social volume i.e, amount of mentions on top crypto-focused social media channels rose marginally on 19 April too, as per AMBCrypto’s analysis of Santiment data. That being said, most of the commentary was negative, with the same evidenced by the negative weighted sentiment indicator.
$SOL #BullorBear #Solana’ #SolanaStruggles #solana
Rising Above: Solana Journey to $600 Predicted Despite Challenges
Despite network hurdles, Solana ($SOL ) is forecasted to hit $600 according to a crypto expert. With a remarkable 639% surge over the last year and consistent outperformance of its token sale price, SOL's bullish trajectory remains strong. Despite challenges like high inflation rate and market cap hurdles, optimism persists fueled by SOL's impressive transaction volume and code contributions to scaling solutions.
#BullorBear #BinanceLaunchpool #SolanaStruggles #bitcoinhalving #SolanaRevival
#BullorBear #BinanceLaunchpool #SolanaStruggles #bitcoinhalving #SolanaRevival
HIGH RISK TRADE FOR SOL!!!
From a technical perspective, an analysis of the 1-hour timeframe reveals a liquidity hunt followed by a subsequent break in market structure. Additionally, during the 15-minute retracement, another break in market structure occurred, serving as a confirmation signal and validating a potential buy signal.
However, it is important to note that the demand zone is quite huge. For low-risk traders, it may be advisable to initiate trades only after the price has retraced at least 50% of the demand zone. This strategy could provide a more secure entry point, aligning with a conservative trading approach.
#bitcoinhalving #BullorBear #Solana’ #SolanaStruggles
From a technical perspective, an analysis of the 1-hour timeframe reveals a liquidity hunt followed by a subsequent break in market structure. Additionally, during the 15-minute retracement, another break in market structure occurred, serving as a confirmation signal and validating a potential buy signal.
However, it is important to note that the demand zone is quite huge. For low-risk traders, it may be advisable to initiate trades only after the price has retraced at least 50% of the demand zone. This strategy could provide a more secure entry point, aligning with a conservative trading approach.
#bitcoinhalving #BullorBear #Solana’ #SolanaStruggles
📌𝙲𝙻𝙰𝙸𝙼 𝙵𝚁𝙴𝙴 REWARD 𝚄𝙿𝚃𝙾 10$ 𝚄𝚂𝙳𝚃/𝙿𝙴𝙿𝙴 𝙲𝙾𝙸𝙽 𝙵𝚁𝙾𝙼 𝙼𝚈 𝚃𝚆𝙾 𝙿𝙸𝙽𝙽𝙴𝙳 𝙿𝙾𝚂𝚃𝚂💰💰🎁...
🔥🚨 **Co-founder Speaks Out: Solana Faces an "Existential Moment"** 🚨🔥
In a recent revelation, the Solana network finds itself at a critical juncture, grappling with unprecedented congestion that has led to a staggering increase in transaction failures. As of April 4, over three-quarters of "non-voting" transactions on Solana have faltered, marking a distressing escalation in network challenges.
The surge in transaction failures correlates with a notable uptick in network activity, fueled primarily by the frenetic demand for memecoins. This surge has propelled Solana's transaction volume and user count to stratospheric heights, underscoring the strain on the network's infrastructure.
The Solana community finds itself immersed in fervent discourse, with users voicing their frustration over the influx of failed transactions and the ensuing decline in user experience. This palpable discontent reverberates across social media platforms, reflecting the urgent need for remedial action to alleviate congestion and restore seamless transaction functionality.
As Solana confronts this existential moment, it must swiftly implement effective measures to address network congestion and enhance user satisfaction. Failure to do so risks eroding confidence in the platform and jeopardizing its long-term viability in the fiercely competitive landscape of decentralized networks.
Amidst the challenges, the Solana community remains resilient, rallying behind the network in anticipation of strategic interventions that will fortify its resilience and propel it towards a future of sustained growth and innovation. 💪🌐 #SolanaStruggles #NetworkCongestionCrisis 📉🔧
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🔥🚨 **Co-founder Speaks Out: Solana Faces an "Existential Moment"** 🚨🔥
In a recent revelation, the Solana network finds itself at a critical juncture, grappling with unprecedented congestion that has led to a staggering increase in transaction failures. As of April 4, over three-quarters of "non-voting" transactions on Solana have faltered, marking a distressing escalation in network challenges.
The surge in transaction failures correlates with a notable uptick in network activity, fueled primarily by the frenetic demand for memecoins. This surge has propelled Solana's transaction volume and user count to stratospheric heights, underscoring the strain on the network's infrastructure.
The Solana community finds itself immersed in fervent discourse, with users voicing their frustration over the influx of failed transactions and the ensuing decline in user experience. This palpable discontent reverberates across social media platforms, reflecting the urgent need for remedial action to alleviate congestion and restore seamless transaction functionality.
As Solana confronts this existential moment, it must swiftly implement effective measures to address network congestion and enhance user satisfaction. Failure to do so risks eroding confidence in the platform and jeopardizing its long-term viability in the fiercely competitive landscape of decentralized networks.
Amidst the challenges, the Solana community remains resilient, rallying behind the network in anticipation of strategic interventions that will fortify its resilience and propel it towards a future of sustained growth and innovation. 💪🌐 #SolanaStruggles #NetworkCongestionCrisis 📉🔧
Follow | Like ❤️ | Quote 🔄 | Comment
#MyFirstFeedPost Hello, Binance Square!
Dont sell your Sol it will pump up to 200$+ in just this month and you will see it in the last days of this month and at end of December 2024 it will touch 450$+ buy now when u see red environment because it will going to green soon its based on data and market behaviour #Solana’ #SolanaStruggles
Dont sell your Sol it will pump up to 200$+ in just this month and you will see it in the last days of this month and at end of December 2024 it will touch 450$+ buy now when u see red environment because it will going to green soon its based on data and market behaviour #Solana’ #SolanaStruggles
Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash—Hitting Ethereum, BNB, XRP, Solana And Dogecoin
Bitcoin BTC has fallen sharply after Israel's military said Iran had fired "dozens" of drones toward it in a retaliatory attack.
The bitcoin price has dropped toward $60,000 per bitcoin, down from over $70,000 per bitcoin earlier this week, after the Iranian Revolutionary Guard said it launched “dozens of drones and missiles” at Israeli territory.
The bitcoin price crash dragged down the wider crypto market, hitting top ten coins ethereum, BNBBNB, XRPXRP , solana and dogecoin and wiping $500 billion from the combined crypto market.
#toptranding #bitcoinhalving #BinanceLaunchpool #SolanaStruggles #ETH🔥🔥🔥 $BTC $ETH $BNB
Bitcoin BTC has fallen sharply after Israel's military said Iran had fired "dozens" of drones toward it in a retaliatory attack.
The bitcoin price has dropped toward $60,000 per bitcoin, down from over $70,000 per bitcoin earlier this week, after the Iranian Revolutionary Guard said it launched “dozens of drones and missiles” at Israeli territory.
The bitcoin price crash dragged down the wider crypto market, hitting top ten coins ethereum, BNBBNB, XRPXRP , solana and dogecoin and wiping $500 billion from the combined crypto market.
#toptranding #bitcoinhalving #BinanceLaunchpool #SolanaStruggles #ETH🔥🔥🔥 $BTC $ETH $BNB
All TPs hit.
300% ROI.
Check the signal I posted. And it wasn't like groups who tell you exactly 2 mins before. I told you 30 mins before. remember that.
#SolanaStruggles #Solana’
300% ROI.
Check the signal I posted. And it wasn't like groups who tell you exactly 2 mins before. I told you 30 mins before. remember that.
#SolanaStruggles #Solana’