Solana (SOL)

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Since the end of November 2024, the prices of Solana (SOL) have fallen by more than 30%, raising concerns among investors and crypto enthusiasts. This significant decline comes after a period of strong growth, where Solana had reached historical highs.

Solana, like a Phoenix, rises from the ashes of FTX. With a 2,000% increase, it makes Bitcoin and Ethereum look outdated, showing record volumes and spectacular inflows.

In December, Solana continued to outperform Ethereum in the decentralized exchange (DEX) industry for the third consecutive month. Thanks to the growing popularity of memecoins, Solana recorded record transaction volumes, thereby consolidating its position against crypto giants like Ethereum.

Since its launch, Solana has distinguished itself as one of the most innovative blockchains in the industry. With its execution speed and some of the lowest transaction fees, it has attracted a dynamic ecosystem of developers and users. However, December 2024 marked a critical period. The Total Value Locked (TVL) in its DeFi ecosystem recorded a dramatic drop of $1.1 billion, reaching a critical level of $8.01 billion. This decline reflects weakened activity on the blockchain, as evidenced by a 7% decrease in the number of daily active addresses. At the same time, network revenues also fell by 24%, intensifying concerns about the sustainability and attractiveness of this leading platform. These numbers raise questions about Solana's ability to maintain its position in an increasingly competitive environment.

For several weeks, the crypto universe has been immersed in a period of turbulence. Increased volatility and widespread losses have put investors' portfolios under strain and shaken confidence in several assets. However, amid this chaos, some cryptocurrencies manage to stand out by capturing the attention of analysts and triggering interest from investors. Solana (SOL), in particular, stands out as an example of resilience. Despite recent declines, this asset continues to benefit from favorable indicators and strong momentum, suggesting promising prospects for the future.

In 2024, Solana experienced spectacular growth in the field of decentralized applications (DApps), largely thanks to the rise of memecoins. According to a crypto report, Solana-based DApps generated revenues of $365 million in November 2024, with memecoins leading this growth.

The crypto universe is an arena where each asset fights for its place at the top. Recently, Solana (SOL), often hailed as a serious contender against Bitcoin (BTC) and Ethereum (ETH), has shown signs of weakness. But what lies behind this dynamic? Analyzing on-chain data, particularly those shared by Glassnode, offers unexpected answers.

The crypto market is going through a period of strong turbulence, where price fluctuations are testing investors' confidence. Indeed, at the heart of this uncertain dynamic, Solana (SOL) stands out as one of the most watched assets. Currently, a major reorganization has taken place in the structure of its holders, revealing a significant transfer of tokens from long-term old investors to new entrants. According to on-chain data, this redistribution reflects profit-taking by historical investors, marking the end of a previous bullish cycle. In parallel, a new generation of investors shows marked optimism, betting on Solana's potential to rebound despite a volatile context. This transition reflects divergent perspectives for the future of the project: on one hand, a renewed confidence driven by newcomers; on the other, increased caution fueled by technical challenges and upcoming uncertainties.

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground for regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.

The price of Solana has recently recorded a decline of 16.8% from its yearly peak, reflecting a pause in the crypto momentum. Despite this correction, technical and fundamental signals suggest long-term bullish potential. Between descending wedges, regulatory support, and growth catalysts, SOL maintains hopes for a new push to higher peaks.

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Solana, one of the major figures in the crypto sector, is once again at the center of attention. After a year marked by strong fluctuations, its native token, SOL, has shown a spectacular rise. Indeed, it has crossed the symbolic threshold of 230 dollars. This rebound does not go unnoticed, as it occurs in a context where the market is buzzing, driven by speculation around a possible approval of a Solana ETF in the United States. This prospect has sparked renewed interest among investors, bolstered by bold forecasts, including a price target of 750 dollars set by Bitwise.

In November 2024, Raydium, a decentralized exchange (DEX) native to Solana, surpassed Uniswap in terms of monthly volumes for the second consecutive month, according to a crypto report. Discover the impressive figures behind this success!

Amid revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic conflicts. Here is a summary of the most significant news from the past week concerning Bitcoin, Ethereum, Binance, Solana, and Ripple.

The SEC recently rejected several ETF applications based on Solana, raising concerns in the crypto sector. According to reports, the regulatory agency informed at least two of the five potential issuers that their 19b-4 filing requests for Solana ETFs would not be approved.

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Grayscale, one of the giants in cryptocurrency investment, has recently shaken the Securities and Exchange Commission (SEC) by filing a proposal to create a spot Solana ETF. This bold move could signify a turning point in the approval of spot ETFs for cryptocurrencies other than Bitcoin and Ether. The Grayscale Solana Trust, currently the largest pool of investments in Solana, may soon be converted into an exchange-traded fund, under the symbol GSOL. If validated, this development could redefine how institutional investors access Solana and shine a welcome spotlight on this blockchain.

Solana (SOL) has had a remarkable year in 2024, with a 117% increase in its price since the beginning of the year. As we enter December, crypto analysts are wondering whether this bullish trend will continue and if Solana will reach new all-time highs.

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battlefield of regulatory and economic struggles. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.

After surpassing its previous peak, Solana has reached a new all-time high. Let’s examine the upcoming prospects for the price of SOL. Situation of Solana (SOL) After breaking through its resistance level around $163, Solana continued its ascent reaching $182, thus signaling a medium-term structure reversal. Subsequently, the cryptocurrency retraced…

Optimism is growing around the approval of a Solana ETF, as regulatory and crypto market dynamics evolve in favor of digital asset products. Recently, the Cboe BZX exchange submitted four applications for spot Solana ETFs, promising major changes in the crypto market.

The crypto market is once again witnessing exceptional performance. Solana, often referred to as the blockchain of "fast and accessible solutions," has just reached a historic milestone. In November, its volumes on decentralized exchanges (DEX) hit a record level of $109 billion, far surpassing other major blockchains, including Ethereum. This surge is accompanied by an exponential increase in the price of SOL, which is approaching $300.

Cryptocurrencies continue to break records, attracting the attention of investors worldwide. Here is an overview of five cryptos that recently reached their all-time high (ATH), marking impressive increases and demonstrating the dynamism and growth potential of this expanding market. 5 cryptos that recently reached their ATH Cryptocurrencies continue to surprise…

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

On November 22, Solana (SOL) reached a new all-time high of $264.31, marking impressive resilience two years after the collapse of FTX! This 11% increase in 24 hours reflects renewed investor confidence in the Solana crypto ecosystem.