Explore the latest $SOL news today! Solana is a high-performance blockchain platform known for its scalability and low transaction fees, which was founded by Anatoly Yakovenko in 2017.Â
It employs a unique proof-of-history consensus mechanism and utilizes its native $SOL (SOL) token to power its high-performance blockchain, offering scalability and low fees for decentralized applications (DApps).
Whether youâre a developer, investor or enthusiast, stay informed about Sola naâs advances in decentralized finance (DeFi), nonfungible tokens (NFTs) and more with Cointelegraph.
Cryptocurrencies sharply tumbled on Wednesday as rising geopolitical risks captivated investors' attention after the conclusion of the July Federal Reserve meeting.
Bitcoin (BTC) dropped to $64,500 from around the $66,500 level where it traded following Federal Reserve Chair Jerome Powell's press conference, and was down more than 2% over the past 24 hours. Altcoin majors including ether (ETH), solana (SOL), Avalanche's AVAX (AVAX) and Cardano (ADA) also declined, while Ripple's XRP saved some of the gains from earlier today. The broad-market crypto benchmark CoinDesk 20 Index was 0.8% lower than 24 hours ago.
A bull run is defined as a period where the majority of investorsâ demand outweighs supply, market confidence hits a peak and prices rise. If in a given market you witness prices quickly climbing, it could be a sign that the majority of investors are becoming âbullishâ and are optimistic about the price increasing further and may mean that youâre looking at the starting point of a bull market. Bitcoin Halving appears to be fueling the next bull run to happen in 2024.Â
Investing in the best altcoins can be rewarding as they offer diversification and potentially higher returns. However, it is important to approach the altcoin landscape with caution and do a thorough research. Understanding the development team, technology, community and use case of altcoins are vital factors for making informed decisions.Â
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