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đđź Solana (SOL) network sees record-high 7-day moving average of non-vote transactions, indicating increased user activity with over 17 million active addresses. #solanaphone #CryptoActivity đđ
đ¨ đ¨ đ¨ đ¨ 150,000 #ETH (347,010,084 USD) transferred from unknown wallet to #Coinbase #ETH! #solanaphone #BullRun2024.
đ¨đ¨đ¨ Expect 100% gains SOLđ¨đ¨đ¨
The price rally of Solana (SOL) is unstoppable in 2024.
đ A rival of Ethereum Layer-1 With the price of SOL rising by an extra 7.26% to $120, Solana is clearly on the rise. By doing this, Solana has increased its weekly profits by an incredible 60% and its gains in December by a solid 100%.
Can the Price Rally Continue for Solana (SOL)?
Investors have been waiting for a fall and a chance to accumulate following this inexorable price rise.
The Solana 2024 estimate highlights $143 as a key resistance level. Traders should be prepared for sell-offs, especially in the vicinity of price resistance areas. On the down side, Solana will have a greater opportunity to purchase at $100.
With the introduction of Bitcoin ETFs, the cryptocurrency market may be more attractive in 2024. Additionally, this could cause new institutional funds to enter the market. A reasonable estimate of $250 for the Solana price by the end of 2024 is depicted in the chart below.
#sol #BTC #ETH #solanaphone #btcnews99
The price rally of Solana (SOL) is unstoppable in 2024.
đ A rival of Ethereum Layer-1 With the price of SOL rising by an extra 7.26% to $120, Solana is clearly on the rise. By doing this, Solana has increased its weekly profits by an incredible 60% and its gains in December by a solid 100%.
Can the Price Rally Continue for Solana (SOL)?
Investors have been waiting for a fall and a chance to accumulate following this inexorable price rise.
The Solana 2024 estimate highlights $143 as a key resistance level. Traders should be prepared for sell-offs, especially in the vicinity of price resistance areas. On the down side, Solana will have a greater opportunity to purchase at $100.
With the introduction of Bitcoin ETFs, the cryptocurrency market may be more attractive in 2024. Additionally, this could cause new institutional funds to enter the market. A reasonable estimate of $250 for the Solana price by the end of 2024 is depicted in the chart below.
#sol #BTC #ETH #solanaphone #btcnews99
#solanaphone let's fly
Solana (SOL), a strong performer throughout the year, recently faced a decline. Its price dipped to $98, and the market capitalization fell below $45 billion, causing it to lose its position as the fourth-largest cryptocurrency. Binance Coin (BNB) took over this spot, showcasing a notable uptrend. BNB experienced a 26% price increase in the past week, reaching nearly $337, the highest since May 2023. Furthermore, its market capitalization surpassed $50 billion, marking the first time in eight months.
signal signal signal!!!!
solana
buy
enter now
take profit at $82
stop your loss at $78
60% sure
#solanaphone #BinanceWish
solana
buy
enter now
take profit at $82
stop your loss at $78
60% sure
#solanaphone #BinanceWish
#solusdtfuturetrading #SolanaVsEthereum #solanaphone that super advance scalping signal future Trading strategy đĽđđĽđđĽđ
đđ¸ Solana Skyrockets to $88: Whales' $51M Move Sparks Community Concern! đđ
Solana's surge to $88 has grabbed attention, but a massive $51M transaction by whales has stirred apprehension within the community. Here's the scoop! đĄđ
đ Impressive Surge to $88 đŤđ°
Solana's remarkable climb to $88 showcases its bullish momentum and investor interest, marking a significant uptick in its market value.
đ Whales' Massive $51M Transaction đłđ¸
However, the substantial movement of $51M by whales has sparked concern among observers and Solana enthusiasts. Such significant transactions often trigger speculation and discussions within the community.
đ Community Apprehension đ¤đĽ
The whales' large-scale movement raises questions about potential market impacts, liquidity shifts, and the intentions behind such substantial transactions, prompting scrutiny within the community.
đ Market Dynamics in Focus đđ
The attention on this significant transaction by whales sheds light on the influence such moves wield within the market and their potential implications on Solana's price and ecosystem.
Solana's surge to $88 draws applause, yet the whales' notable $51M transaction brings about a sense of caution and curiosity within the community. As discussions unfold, the implications of such large-scale movements on Solana's market dynamics remain a subject of interest and scrutiny. đđĄ
#sol #Solana.blockchain #solanaphone #SolanaDeFi
Solana's surge to $88 has grabbed attention, but a massive $51M transaction by whales has stirred apprehension within the community. Here's the scoop! đĄđ
đ Impressive Surge to $88 đŤđ°
Solana's remarkable climb to $88 showcases its bullish momentum and investor interest, marking a significant uptick in its market value.
đ Whales' Massive $51M Transaction đłđ¸
However, the substantial movement of $51M by whales has sparked concern among observers and Solana enthusiasts. Such significant transactions often trigger speculation and discussions within the community.
đ Community Apprehension đ¤đĽ
The whales' large-scale movement raises questions about potential market impacts, liquidity shifts, and the intentions behind such substantial transactions, prompting scrutiny within the community.
đ Market Dynamics in Focus đđ
The attention on this significant transaction by whales sheds light on the influence such moves wield within the market and their potential implications on Solana's price and ecosystem.
Solana's surge to $88 draws applause, yet the whales' notable $51M transaction brings about a sense of caution and curiosity within the community. As discussions unfold, the implications of such large-scale movements on Solana's market dynamics remain a subject of interest and scrutiny. đđĄ
#sol #Solana.blockchain #solanaphone #SolanaDeFi
Solana (SOL) has crossed $100 per coin and flipped Binance Coin (BNB) by market capitalisation, đĽđ
Some speculators predict that Solana (SOL) will eventually flip Ethereum (ETH) by marketcap in the next bull run. Personally, I remain skeptical about such a development in the near future,Only time will tell.
This caused Solana phone sales to surge as traders chase BONK airdrops
Arbitrage traders are actively pursuing a 30 million BONK token airdrop, available to every owner of the Saga phone. At current prices, this BONK token allocation is valued at nearly $700, surpassing the phone's cost of $599.
Saga sales have surged by over 10 times in the past 48 hours.
The BONK airdrop is available to those who download the BONK app from Saga's crypto-forward custom app store
Wishing you a Merry Xmas and a Happy New Year! đ
See you all on the flip side of 2024.
Let's Get This Crypto
#solana #solanaphone #Bonk #BinanceTournament
Some speculators predict that Solana (SOL) will eventually flip Ethereum (ETH) by marketcap in the next bull run. Personally, I remain skeptical about such a development in the near future,Only time will tell.
This caused Solana phone sales to surge as traders chase BONK airdrops
Arbitrage traders are actively pursuing a 30 million BONK token airdrop, available to every owner of the Saga phone. At current prices, this BONK token allocation is valued at nearly $700, surpassing the phone's cost of $599.
Saga sales have surged by over 10 times in the past 48 hours.
The BONK airdrop is available to those who download the BONK app from Saga's crypto-forward custom app store
Wishing you a Merry Xmas and a Happy New Year! đ
See you all on the flip side of 2024.
Let's Get This Crypto
#solana #solanaphone #Bonk #BinanceTournament
đđĽ Solana DEXs Surpass Ethereum Temporarily as Memecoins and Stablecoins Spark Activity Surge! đđĽ
In a whirlwind turn of events, Solana's decentralized exchanges (DEXs) have momentarily taken the lead over Ethereum, riding high on a surge in memecoin and stablecoin activities! đđ
đ Solana's Momentary Triumph đ
Amidst the crypto chaos, Solana's DEXs have briefly outpaced Ethereum, marking a significant milestone in the ongoing battle for dominance in the decentralized finance (DeFi) arena.
đ Spikes Driven by Memecoins and Stablecoins đđ°
The sudden surge in activity on Solana's DEXs has been fueled by the fervor around memecoins and stablecoins, catapulting the network into a momentary spotlight and showcasing its capacity to handle heightened transaction volumes.
đ Network Resilience on Display đŞđ
Solana's ability to handle this influx of activity underscores its network resilience and scalability, demonstrating its potential to accommodate increased demand without compromising on transaction speed or efficiency.
đ¤ Implications for DeFi Dynamics đđ
The temporary shift in traction toward Solana hints at the evolving dynamics within the DeFi ecosystem. It raises questions about scalability, transaction costs, and user experience that could impact the long-term trajectory of decentralized exchanges.
đ A Glimpse into Crypto's Dynamic Landscape đđ
This momentary shift in dominance between Solana and Ethereum sheds light on the ever-evolving nature of the crypto space. It emphasizes the importance of adaptability and scalability in catering to the diverse and rapidly changing needs of users and investors.
Solana's brief surge over Ethereum in DEX activity fueled by memecoins and stablecoins showcases the dynamic nature of the crypto market, offering a glimpse into the ongoing quest for efficiency, scalability, and user-friendly experiences in decentralized finance. đđ
#solanaphone #Solana_Ecosystem #SOL/USD #BinanceTournamentI
In a whirlwind turn of events, Solana's decentralized exchanges (DEXs) have momentarily taken the lead over Ethereum, riding high on a surge in memecoin and stablecoin activities! đđ
đ Solana's Momentary Triumph đ
Amidst the crypto chaos, Solana's DEXs have briefly outpaced Ethereum, marking a significant milestone in the ongoing battle for dominance in the decentralized finance (DeFi) arena.
đ Spikes Driven by Memecoins and Stablecoins đđ°
The sudden surge in activity on Solana's DEXs has been fueled by the fervor around memecoins and stablecoins, catapulting the network into a momentary spotlight and showcasing its capacity to handle heightened transaction volumes.
đ Network Resilience on Display đŞđ
Solana's ability to handle this influx of activity underscores its network resilience and scalability, demonstrating its potential to accommodate increased demand without compromising on transaction speed or efficiency.
đ¤ Implications for DeFi Dynamics đđ
The temporary shift in traction toward Solana hints at the evolving dynamics within the DeFi ecosystem. It raises questions about scalability, transaction costs, and user experience that could impact the long-term trajectory of decentralized exchanges.
đ A Glimpse into Crypto's Dynamic Landscape đđ
This momentary shift in dominance between Solana and Ethereum sheds light on the ever-evolving nature of the crypto space. It emphasizes the importance of adaptability and scalability in catering to the diverse and rapidly changing needs of users and investors.
Solana's brief surge over Ethereum in DEX activity fueled by memecoins and stablecoins showcases the dynamic nature of the crypto market, offering a glimpse into the ongoing quest for efficiency, scalability, and user-friendly experiences in decentralized finance. đđ
#solanaphone #Solana_Ecosystem #SOL/USD #BinanceTournamentI
Benefits of Building on a Bitcoin Sidechain (ICP)
1. Costs 0.4 cents to send BTC
2. FREE to send Ordinals
3. No extra token needed (just BTC)
4. Always 2-5 second transactions
Of course, only if you are ok with the additional trust assumptions of moving to a Bitcoin sidechain.
#BTC #solanaphone
1. Costs 0.4 cents to send BTC
2. FREE to send Ordinals
3. No extra token needed (just BTC)
4. Always 2-5 second transactions
Of course, only if you are ok with the additional trust assumptions of moving to a Bitcoin sidechain.
#BTC #solanaphone
Solana Leapfrogs XRP as Fifth-Largest Crypto, Spurred by Meme Coin Mania
SOL is trading at a 20-month high on the back of a bustling DeFi ecosystem and meme coin mania.Solana (SOL) has overtaken XRP as the fifth-largest cryptocurrency, with its market cap hitting a 20-month high of $33.7 billion, according to CoinMarketCap.Having fended off a wave of selling pressure from holdings in the FTX bankruptcy estate, the token's recent growth has been outlined by a burgeoning decentralized finance (DeFi) ecosystem coupled with hype-fueled meme coin mania.This week, total value locked (TVL) on Solana topped $1 billion for the first since FTX's collapse in November last year, spurred by rising asset prices and consistent inflows to DeFi protocols.Decentralized exchanges on Solana have experienced a boost in trading volume. On Dec. 15, Orca facilitated $746 million in volume, it has previously surpassed $100 million only once before November. Much of the increased activity can be attributed to meme coins like Bonk, a dog-themed token that now has a market cap of more than $1.2 billion.As speculators race to find the next meme coin that turns hundreds of dollars into hundreds of thousands of dollars, traders typically purchase Solana as the underlying asset before converting that into their meme coin of choice. And every time they sell the meme coin back into Solana they effectively prompt a wave of buying pressure.But much of the recent focus has been on Solana itself. The blockchain appears to improved network stability following a series of outages last year. It has also distanced itself from FTX following the collapse of the exchange, which purchased $1 billion worth of Solana-based tokens before it filed for bankruptcy.SOL is currently trading at $81.04 having risen by 9.14% over the past 24 hours. Trading volume is up by 39% to $2.6 billion, according to CoinMarketCap.#NFP #solanaphone #BTC #BinanceWish #BONK
đ 2023 Crypto Superstars: Solana (SOL), Avalanche (AVAX), and Helium (HNT)
đ Thriving in the Digital Frontier: A Year of Altcoin Triumphs
As the crypto market experienced significant growth in 2023, three standout altcoins - Solana, Avalanche, and Helium - emerged as the true heroes, each with its unique story in the world of digital assets.
1. Solanaâs Resilient Rise đ
Solana made an extraordinary comeback in 2023, boasting a remarkable 700% surge since October. Overcoming challenges such as FTX-related concerns, the project showcased resilience amidst intensified regulatory scrutiny. Notably, Solana delved into the meme token space, underlining its commitment to a robust network. Currently priced at $98.44, reflecting a 17% gain in the past day, SOL is poised to surpass $100 by the end of 2023.
2. Avalanche: Riding High on Institutional Support đ
Avalanche entered the crypto bull run of 2023 with an impressive 300% year-to-date surge. This remarkable uptick propelled the token into the top 10 cryptocurrencies by value in early December. What set Avalanche apart was its strategic collaborations with major institutions, including Amazon Web Services. These partnerships, coupled with involvement in Apollo Global and JPMorganâs blockchain initiatives, firmly established Avalanche as the preferred platform for institutional ventures.
3. Heliumâs Soaring Altitude: Strategic Ventures Pay Off đ
Helium soared to new heights in 2023, fueled by strategic ventures that propelled the altcoin to impressive gains. While specifics on these ventures weren't detailed, the outcome was a skyrocketing value for Helium. The altcoin's success demonstrates the power of well-thought-out strategic moves in the dynamic crypto landscape.
đ Stay Tuned for More Crypto Insights! Follow Blockopedia for Instant Updates.
#Top5Cryptos #solanaphone #crypto #cryptocurrency #crypto2023
đ Thriving in the Digital Frontier: A Year of Altcoin Triumphs
As the crypto market experienced significant growth in 2023, three standout altcoins - Solana, Avalanche, and Helium - emerged as the true heroes, each with its unique story in the world of digital assets.
1. Solanaâs Resilient Rise đ
Solana made an extraordinary comeback in 2023, boasting a remarkable 700% surge since October. Overcoming challenges such as FTX-related concerns, the project showcased resilience amidst intensified regulatory scrutiny. Notably, Solana delved into the meme token space, underlining its commitment to a robust network. Currently priced at $98.44, reflecting a 17% gain in the past day, SOL is poised to surpass $100 by the end of 2023.
2. Avalanche: Riding High on Institutional Support đ
Avalanche entered the crypto bull run of 2023 with an impressive 300% year-to-date surge. This remarkable uptick propelled the token into the top 10 cryptocurrencies by value in early December. What set Avalanche apart was its strategic collaborations with major institutions, including Amazon Web Services. These partnerships, coupled with involvement in Apollo Global and JPMorganâs blockchain initiatives, firmly established Avalanche as the preferred platform for institutional ventures.
3. Heliumâs Soaring Altitude: Strategic Ventures Pay Off đ
Helium soared to new heights in 2023, fueled by strategic ventures that propelled the altcoin to impressive gains. While specifics on these ventures weren't detailed, the outcome was a skyrocketing value for Helium. The altcoin's success demonstrates the power of well-thought-out strategic moves in the dynamic crypto landscape.
đ Stay Tuned for More Crypto Insights! Follow Blockopedia for Instant Updates.
#Top5Cryptos #solanaphone #crypto #cryptocurrency #crypto2023
Solana Saga Phone Fetches $5,000 on eBay Amid BONK Meme Coin Frenzy
In the midst of the BONK meme coin frenzy, Solana Saga phones, initially overshadowed by lackluster sales, have become unexpected stars on the resale market, with one device reportedly fetching a staggering $5,000 on eBay.
According to completed listings, the Solana Saga phones, which were initially priced lower, are now consistently reselling for over $2,000.
The surge in demand reached new heights on Saturday when two phones exchanged hands for an impressive $5,000 each.
Saga phone listing. Source: Ebay
On Sunday, another phone commanded a price of $3,361.
Interestingly, these sales were completed by sellers who already possessed the device, while others are waiting for their phones to ship.
Saga phone listing. Source: Ebay
The sudden surge in popularity can be attributed to an arbitrage opportunity noticed by traders.
Originally, each Saga phone purchase included a generous airdrop of 30 million BONK tokens, a hot meme coin built on the Solana blockchain.
As the value of BONK has escalated, surpassing the initial cost of the phone itself, a fervor for the Solana Saga phones ensued.
At the time of writing on Monday, the price of the BONK meme coin was up an impressive 68% for the past seven days, and up close to 640% on a 30-day basis, trading at $ 0.00001987.
The coin is ranked as number 55 on CoinGeckoâs ranking of the most valuable cryptocurrencies.
30-day BONK price chart. Source: CoinGecko
Beyond the getting access to the BONK airdrop, the Saga phone also offers additional perks, including a complimentary month of access to Helium Mobile and a free toy.
Moreover, the phoneâs decentralized app (dApp) Store boasts apps that reward Saga holders with exclusive benefits and rewards, further enhancing its appeal.
$BONK $SOL #BONK #solanaphone
According to completed listings, the Solana Saga phones, which were initially priced lower, are now consistently reselling for over $2,000.
The surge in demand reached new heights on Saturday when two phones exchanged hands for an impressive $5,000 each.
Saga phone listing. Source: Ebay
On Sunday, another phone commanded a price of $3,361.
Interestingly, these sales were completed by sellers who already possessed the device, while others are waiting for their phones to ship.
Saga phone listing. Source: Ebay
The sudden surge in popularity can be attributed to an arbitrage opportunity noticed by traders.
Originally, each Saga phone purchase included a generous airdrop of 30 million BONK tokens, a hot meme coin built on the Solana blockchain.
As the value of BONK has escalated, surpassing the initial cost of the phone itself, a fervor for the Solana Saga phones ensued.
At the time of writing on Monday, the price of the BONK meme coin was up an impressive 68% for the past seven days, and up close to 640% on a 30-day basis, trading at $ 0.00001987.
The coin is ranked as number 55 on CoinGeckoâs ranking of the most valuable cryptocurrencies.
30-day BONK price chart. Source: CoinGecko
Beyond the getting access to the BONK airdrop, the Saga phone also offers additional perks, including a complimentary month of access to Helium Mobile and a free toy.
Moreover, the phoneâs decentralized app (dApp) Store boasts apps that reward Saga holders with exclusive benefits and rewards, further enhancing its appeal.
$BONK $SOL #BONK #solanaphone
đ From $900 to $3.5 Million: Solana Trader's Meteoric Rise!
đ Overview:
In an astonishing crypto success story, an unidentified trader has turned a $900 investment into a staggering $3.543 million in just five days. Lookonchain, a web3 data analysis firm, highlighted the trader's remarkable journey on its official platform.
đ Crypto Actions Unveiled:
The trader ventured into the world of Solana, investing 12 SOL ($900) in exchange for 2.6 billion ANALOS tokens just five days ago. ANALOS, a memecoin project within Solana's metaverse, has witnessed a remarkable surge, currently trading at approximately $0.0019, marking an impressive 83.1% increase in the past 24 hours.
đ¸ Trading Success:
The trader has already sold 1.45 billion ANALOS coins, generating around $1.43 million in profit. The analytics platform reported that the trader is actively working to sell the remaining 1.12 billion coins, valued at about $2.113 million, bringing the potential total sales to a staggering $3.543 million.
đ Solana's Soaring Success:
Solana, experiencing a remarkable ascent, has now secured its place as the fourth-largest cryptocurrency with a market capitalization of $52,491,952,802, surpassing Binance Coin (BNB). This rise is attributed to Solana's robust Decentralized Finance (DeFi) sector, whale activities, an expanding user base, and its growing influence in the crypto space.
đ Current SOL Stats:
As of now, SOL is priced at approximately $123.12, indicating an 8.8% surge in the past 24 hours. With a trading volume of $5,417,386,332, Solana continues to demonstrate its strength in the market.
đ Follow The Blockopedia for More Crypto Insights and Success Stories!
#SolanaSurge #solanaphone #crypto #cryptocurrency #crypto2023
đ Overview:
In an astonishing crypto success story, an unidentified trader has turned a $900 investment into a staggering $3.543 million in just five days. Lookonchain, a web3 data analysis firm, highlighted the trader's remarkable journey on its official platform.
đ Crypto Actions Unveiled:
The trader ventured into the world of Solana, investing 12 SOL ($900) in exchange for 2.6 billion ANALOS tokens just five days ago. ANALOS, a memecoin project within Solana's metaverse, has witnessed a remarkable surge, currently trading at approximately $0.0019, marking an impressive 83.1% increase in the past 24 hours.
đ¸ Trading Success:
The trader has already sold 1.45 billion ANALOS coins, generating around $1.43 million in profit. The analytics platform reported that the trader is actively working to sell the remaining 1.12 billion coins, valued at about $2.113 million, bringing the potential total sales to a staggering $3.543 million.
đ Solana's Soaring Success:
Solana, experiencing a remarkable ascent, has now secured its place as the fourth-largest cryptocurrency with a market capitalization of $52,491,952,802, surpassing Binance Coin (BNB). This rise is attributed to Solana's robust Decentralized Finance (DeFi) sector, whale activities, an expanding user base, and its growing influence in the crypto space.
đ Current SOL Stats:
As of now, SOL is priced at approximately $123.12, indicating an 8.8% surge in the past 24 hours. With a trading volume of $5,417,386,332, Solana continues to demonstrate its strength in the market.
đ Follow The Blockopedia for More Crypto Insights and Success Stories!
#SolanaSurge #solanaphone #crypto #cryptocurrency #crypto2023
In $SOL analysis
Price is respecting its trendline and long term trend is bullish
Current resistance is 77 and if this resistance will break then it will not slow down it will move upward
Higher time frame resistances are 107 and then 137 its possible that market will go to 107 level
Nearest support is 68 then 64 and 52 there are very less chances that market will come down to 52 resistance
Higher time frame trend is bullish monthly. Weekly, daily,
In lower time frame market is consolidating in 4hr, 1hr, 30 minutes, 15 minutes
There is high probability that market will break 77 resistance and will surpass the 100
If you are a spot trader then buy it and hold it for at least one month and i will advise you don't do spot like future some spot traders do spot trading like future trade
Spot trader don't look the chart all time do you homework first and research and then buy coin and hold the coin at least for a month
Don't be greedy to quick rich game scheme and don't buy meme coins they are not for longterm
Buy sol in portions and dca it if market is going in down but dca it on support, don't start buying if market goes few hundred pips down. #ACE #BTC #crypto2023 #solanaphone #Solana.blockchain
Here are my charts
Price is respecting its trendline and long term trend is bullish
Current resistance is 77 and if this resistance will break then it will not slow down it will move upward
Higher time frame resistances are 107 and then 137 its possible that market will go to 107 level
Nearest support is 68 then 64 and 52 there are very less chances that market will come down to 52 resistance
Higher time frame trend is bullish monthly. Weekly, daily,
In lower time frame market is consolidating in 4hr, 1hr, 30 minutes, 15 minutes
There is high probability that market will break 77 resistance and will surpass the 100
If you are a spot trader then buy it and hold it for at least one month and i will advise you don't do spot like future some spot traders do spot trading like future trade
Spot trader don't look the chart all time do you homework first and research and then buy coin and hold the coin at least for a month
Don't be greedy to quick rich game scheme and don't buy meme coins they are not for longterm
Buy sol in portions and dca it if market is going in down but dca it on support, don't start buying if market goes few hundred pips down. #ACE #BTC #crypto2023 #solanaphone #Solana.blockchain
Here are my charts
đ Solana (SOL) records a daily trading volume exceeding $40 billion, the highest since October 2022. Transaction count on Solana's blockchain has surged from 20-30 million to over 50 million daily, reports Sandra Leow, head of Nansen Research. SOL is presently trading at $98.91, reflecting a 6.53% decline, per CoinMarketCap. đšđą #solanaphone #CryptoTradingTip đđ
đ Solana vs Ethereum: Unveiling Key Metrics and Considerations
In the dynamic landscape of cryptocurrencies, the rivalry between Ethereum (ETH) and Solana (SOL) takes center stage. Here's a breakdown of crucial metrics and considerations:
đ Solana's Ascendancy: Metrics in Focus
Solana has recently surpassed Ethereum in vital metrics:
Decentralized exchange (DEX) volumes.
Non-fungible token (NFT) trading volumes.Active addresses.Transaction count.
This shift in metrics underlines Solana's growing prominence, especially as its native token (SOL) experiences a bullish surge, breaching key resistance levels and setting new 2023 highs.
đ Solana's On-chain Activities Surge
The surge in SOL's value acts as a catalyst for increased on-chain activities. Metrics like transaction counts and total value locked (TVL) witness significant uptrends. DeFi TVL, sourced from DeFiLlama, has grown over threefold since July 2023, surpassing $1 billion.
đĄ Architectural Advantages Fueling Solana's Rise
Solana's architectural prowess and scalability contribute to its popularity. Its design, reliant on independent nodes, fosters cost-effective transactions and smart contract deployments. Despite debates on decentralization, Solana operates with 40% of Ethereum's nodes but at a costârunning Solana nodes is 5x more expensive.
âď¸ Decentralization Debate
While Solana maintains a higher Nakamoto Coefficient (21 vs. Ethereum's 2), indicating better decentralization, concerns arise about the operational costs of Solana's nodes. Ryan Watkins defends Solana, emphasizing the need to diversify its developer ecosystem for holistic decentralization.
đ Firedancer Release: Scaling Solana's Horizons
To address concerns, Solana introduces the Firedancer validator client. This release aims to enhance network robustness by enabling nodes to produce blocks more rapidly.
đ Follow for Crypto Insights
Stay tuned for more updates on the evolving crypto landscape. Follow for real-time insights and analysis.
#SolanaVsEthereum #solanaphone #crypto #cryptocurrency #crypto2023
In the dynamic landscape of cryptocurrencies, the rivalry between Ethereum (ETH) and Solana (SOL) takes center stage. Here's a breakdown of crucial metrics and considerations:
đ Solana's Ascendancy: Metrics in Focus
Solana has recently surpassed Ethereum in vital metrics:
Decentralized exchange (DEX) volumes.
Non-fungible token (NFT) trading volumes.Active addresses.Transaction count.
This shift in metrics underlines Solana's growing prominence, especially as its native token (SOL) experiences a bullish surge, breaching key resistance levels and setting new 2023 highs.
đ Solana's On-chain Activities Surge
The surge in SOL's value acts as a catalyst for increased on-chain activities. Metrics like transaction counts and total value locked (TVL) witness significant uptrends. DeFi TVL, sourced from DeFiLlama, has grown over threefold since July 2023, surpassing $1 billion.
đĄ Architectural Advantages Fueling Solana's Rise
Solana's architectural prowess and scalability contribute to its popularity. Its design, reliant on independent nodes, fosters cost-effective transactions and smart contract deployments. Despite debates on decentralization, Solana operates with 40% of Ethereum's nodes but at a costârunning Solana nodes is 5x more expensive.
âď¸ Decentralization Debate
While Solana maintains a higher Nakamoto Coefficient (21 vs. Ethereum's 2), indicating better decentralization, concerns arise about the operational costs of Solana's nodes. Ryan Watkins defends Solana, emphasizing the need to diversify its developer ecosystem for holistic decentralization.
đ Firedancer Release: Scaling Solana's Horizons
To address concerns, Solana introduces the Firedancer validator client. This release aims to enhance network robustness by enabling nodes to produce blocks more rapidly.
đ Follow for Crypto Insights
Stay tuned for more updates on the evolving crypto landscape. Follow for real-time insights and analysis.
#SolanaVsEthereum #solanaphone #crypto #cryptocurrency #crypto2023
$SOL Â update
Sol current high is 126 and current low is 95 right now the price is 107
Sol resistance is 115 support is 100. Weekly close is really important if week close above 115 then sol will resume its bullish trend otherwise correction will happen till 92
Spot traders don't worry sol will eventually will go up after getting liquidity trend is bullish don't consider thi retracement as a bearish trend as you know i told in my previous analysis that sol will touch 137 and sol will surpass all time high in 2024. #SolanaTrade  #solanaphone  #BTC!đ°  #etf  #ETH
Sol current high is 126 and current low is 95 right now the price is 107
Sol resistance is 115 support is 100. Weekly close is really important if week close above 115 then sol will resume its bullish trend otherwise correction will happen till 92
Spot traders don't worry sol will eventually will go up after getting liquidity trend is bullish don't consider thi retracement as a bearish trend as you know i told in my previous analysis that sol will touch 137 and sol will surpass all time high in 2024. #SolanaTrade  #solanaphone  #BTC!đ°  #etf  #ETH