Media: Solana Labs will release a cheaper model after the success of the debut Web 3.0 smartphone Saga

Solana Mobile, a subsidiary of blockchain developer Solana, plans to release a second Web 3.0 smartphone model, CoinDesk reports, citing an anonymous source. The new device, like the debut Saga smartphone, will offer users a built-in crypto wallet and a marketplace of decentralized applications (DApps) and will run on Android OS. At the same time, it will differ from its predecessor in technical characteristics and lower cost.

CoinDesk material

#solusdt #Solano #SOL100 #Solana.blockchain #SolanaTrade
$SOL

Memcoins on the Solana blockchain fell by 80%

The dog token Bonk, which rose more than 1,000% in the final months of last year, is down more than 70% since December. Then the token was listed by large exchanges such as Coinbase (NASDAQ:COIN) and Binance, and Bonk took 43rd place in the top of the largest crypto assets. Now the token has fallen to 74th place.

Dogwifhat, which gained popularity among cryptocurrency holders thanks to its image of a dog wearing a hat, fell almost 80%. In December, amid the hype around the meme coin, a crypto enthusiast under the pseudonym Blockgraze told how he invested $1,000 in Dogwifhat and earned $100,000.

Lesser-known tokens Popcat and Chipi—both cat-themed—have fallen more than 90% from their peaks last year.

#Solano #BONK
$SOL $BONK

In 2023, users lost almost $300 million as a result of phishing attacks

The analytical company Scam Sniffer, which researches cybersecurity issues, has summed up its results for 2023. According to experts, 324,000 cryptocurrency users became victims of phishing attacks.
And as a result of data thefts, $295 million was lost.

Scam Sniffer's annual report states that in 2023, an increase in the activity of phishing sites and projects could be observed. However, experts noted that even when providers of such platforms close down, criminals simply move their business elsewhere, since there seems to be no shortage of platforms providing services for scammers.

#Bitcoin-BTC #Solano #BNB🔥 #etherium #XRPUSDT
$BTC $ETH $SOL

Spot trading volume on leading centralized platforms increased by 27% in a month

At the end of December, spot trading volume on leading centralized exchanges (CEX) grew by 27.4% for the month, analyst Colin Wu said in a new report. The top three in terms of growth were Gate (65%), Crypto com (50%) and Bybit (44%). The worst results were demonstrated by Bitmart, Bitget and Upbit, whose trading volume decreased by 24%, 12% and 1%, respectively.

Report by Colin Wu
#Bitcoin-BTC #etherium #BNB🔥 #Solano #Ripple
$BTC $ETH $BNB

Solana Price Eyeing a Rebound Towards $200: What's Next for SOL Traders?

The recent turbulence in the cryptocurrency market has left Solana (SOL) in a tight spot, oscillating between a support level at $120 and a formidable resistance at $150. However, traders are gearing up for a potential comeback, buoyed by a 4% surge in trading volume to a staggering $5 billion on CoinMarketCap.

Despite the challenging environment, SOL has managed to eke out a modest 7.25% increase in value, thanks to unwavering support from an ascending trendline. But the road ahead remains uncertain, with the next few days poised to be pivotal for Solana's trajectory.

The burning question on traders' minds: Can Solana breach the elusive $200 mark? Technical indicators such as the Moving Average Convergence Divergence (MACD) paint a daunting picture, signaling a challenging path ahead with a sell signal on the daily chart.

However, all hope is not lost. If the Relative Strength Index (RSI) can maintain its upward momentum from near oversold conditions, Solana's price may gather steam and aim for the coveted $200 milestone. Yet, the current position below two critical moving averages—the 50-day Exponential Moving Average (EMA) and the 20-day EMA—suggests that bulls may face an uphill battle.

To validate the long-term bullish thesis, Solana price will likely need an extra push, with key support areas to monitor including $130, $120, and the 200-day EMA at $107. In the event of further downturns, investors are advised to consider dollar-cost averaging (DCA) strategies to mitigate risks.

Meanwhile, on the decentralized finance (DeFi) front, Solana is grappling with declining total value-locked (TVL) volumes. Platforms like Defi Llama report a significant drop from a recent peak of $4.89 billion to $3.55 billion, reflecting the evolving dynamics within the ecosystem.

Staying informed and vigilant is paramount. Keep an eye out for updates as Solana navigates through this tumultuous period. Stay tuned, my friends! 💫 #HotTrends #Solano #Futures #Bitcoin

The Aave community will consider extending the protocol to Neon EVM

Members of the Aave landing platform management forum have launched a “temperature check” of the proposal to expand the third version on the Neon EVM.

At this point, members of the Aave community can share their opinions and feedback on the proposed integration. If there is sufficient support, the proposal will move to the voting stage for a final decision.

Neon EVM is an Ethereum virtual machine that runs as a smart contract on the Solana network.

The initiative was put forward by the Neon Foundation and Aave Chan. It aims to expand Aave's landing services onto the Solana blockchain.

The authors proposed conservative risk parameters and a limited number of assets - three types of collateral (SOL, mSOL, jitoSOL) and USDC as a borrowed asset.

If approved, Aave will be able to use Solana's liquidity to provide landing services.
#AAVE #AAVE/USDT #AAVE/USDT #Solana: #Solano
$AAVE $SOL

Analyst Believes Solana (SOL) Could Hit New High

According to trader Crypto Tony, as long as Solana (SOL) is trading above $75, the cryptocurrency remains in a bullish position. In a separate post, the trader added a weekly chart of SOL indicating that the price could soon rise above $140.

SOL recently experienced a significant pullback following the token's rise above $100. Then the price of SOL fell to $92.95; on January 13, the decline in SOL continued to $90.92 due to increased selling pressure.

Despite this, the bulls attempted to raise the price by capitalizing on the same region and using it as support. On January 14, the price of SOL recovered to $98.

If Solana holds above the lower Bollinger Bands (BB) band, the token's value could rise to $104.07. However, this will only happen if the bulls remain present in the market.

#Solana: #Solana-SOL #solusdt #Solano #SolanaNFTs
$BTC

Solana has opened pre-orders for Saga 2. What is known about the new Web3 smartphone

Solana Mobile has announced the second version of its Web3 smartphone - Saga Chapter2. The device is already available for pre-order at a price of $450.

“Almost overnight, [the first] Saga became the most rewarding mobile experience ever and completely sold out. You know the story. Now it’s time for the next part of the epic,” the announcement says.

Founder's Window will be available for pre-order for a limited time, according to Solana. After its completion, a new stage of applications will begin at an increased price.

Dispatch of orders is planned for the first half of 2025.

Similar to the original, Chapter 2 is designed as a crypto smartphone customized for the Solana ecosystem. The phone has a built-in wallet app with additional security features and access to decentralized applications.

#Solana: #solusdt #Solano #SOL100 #SolanaTrade
$SOL

🚀 Bitcoin is rising again after a dip to $55K due to U.S. market turbulence. Keep an eye on today's U.S. jobless claims for key insights! 📉💼 Ripple (XRP) is rebounding and Solano shows promising signs. Watch for a potential dip to $49K before a true buy signal! 📊🔍 #bitcoin☀️ #Ripple💰 #Solano #TradingMadeEasy #BiyondDaily

#Yugalabs Lays Off Again! Just 6 months after restructuring, the #NFT giant behind Bored Ape Yacht Club announces more layoffs and a renewed focus.

CEO #Solano says Yuga Labs "lost its way" and needs to return to its creative roots. He blames complex processes and a focus on planning over execution.

The company is spinning off some projects to focus on its 3D #metaverse game "Otherside." This comes amid falling NFT royalties due to marketplace changes.

Yuga Labs also announced Won Kim as their new Head of Brand Partnerships, but it's unclear if this is part of the restructuring.

Journalists learned about the development of a second smartphone from Solana

Solana Mobile plans to release a second blockchain smartphone based on the success of the first model. CoinDesk writes about this with reference to informed sources.

The successor will have a new “filling” and will cost less.

Specific technical parameters are not provided.

Like Saga, the smartphone will have a built-in crypto wallet, custom Android software and a dapps store.

Journalists noted the prospects for stabilization of the hype for the first model after the second model enters the market. Saga is currently available on eBay for $3,200 - more than five times more expensive - than it was in early December, they said.

The excitement arose due to the distribution of the Bonk token (BONK), which led to a shortage of the gadget.

At the peak of the asset, users received about $900 in meme cryptocurrency for a $599 phone.
Subsequently, prices were inflated by new airdrops of meme tokens for owners of 15,000 devices.

Let us remind you that after the pump in December 2023, the quotes of most Solana meme tokens - BONK, WIF, ANALOS and others - have almost halved over the past month.

#Solano #SolanaNFTs #Solana-SOL #Solana: #solusdt
$SOL

Analysts predict Solana to reach $200 in 2024

January brought a mixed bag of gains and losses for the cryptocurrency market, and in this situation, Solana (SOL) has held firm and established a new support zone that could push the token price to higher levels.

Solana has shown a breakout from the bull flag as seen on the 4-hour chart. A sustained close above the $106 threshold could trigger a significant 47% rally, pushing SOL into the $150 to $165 price range, says crypto analyst Ali Martinez.

According to the expert, technical and fundamental indicators are inclined towards continued growth of Solana in 2024. With Solana's critical accumulation phase approaching $100, it appears the digital asset is poised for significant growth in the future.

Despite the latest failure, there are clear signs that SOL is preparing for an imminent breakout, with prospects for February looking promising in particular, according to cryptocurrency expert Jelle.

#Solano #solusdt #SOL100 #SOL100 #SolanaTrade
$SOL

Solana received 30,000 pre-orders for new smartphones in just 24 hours

The first phones from the developers of the Solana cryptocurrency became popular thanks to the free BONK tokens on the built-in crypto wallet. Solana Labs co-founder and president Raj Gokal said pre-orders for the new phone have exceeded 12-month sales of the first-generation device.

Demand for the second-generation phone became so high that Solana Mobile reached its seven-day sales goal within the first 24 hours. Within 24 hours of the announcement, Solana Mobile received more than 25,000 pre-orders, Gokal said. 30 hours after the announcement, the number of pre-orders reached 30,000.

The new phone will have the same basic features as its predecessor: a built-in crypto wallet, dedicated Android software and a store for crypto apps. However, the smartphone should become more budget-friendly. It will initially cost $450. The smartphone will be released in the first half of 2025.
#Solano #SolanaMillionaire #Solana-SOL #SOL100 #solusdt
$SOL

#Fetch.ai will become the new #Solano ! The number one of artificial intelligence, my own opinion ytd.

$BTC closed on monthly green so a reversal is on progress will retest 70K$ for sure.
Plus a golden cross on Daily looks good 😊.
Don’t believe the fud we are going to 40K.
BlackRock Keeps adding btc on every move.
Don’t be an onion 🧅.
#US_Job_Market_Slowdown #btc #ether
#Solano #BinanceTournament