Solana Gains More Than Bitcoin as Trader Speculates an ‘Extreme Move’ Is Ahead
The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
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The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
The phrase is only rolled out when things break on the popular blockchain.
Cryptocurrencies are problem-solving tools, more than volatile speculative assets that can reward investors. Actually, the biggest rewards exist by finding … Continue reading
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CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.
Traders were moving capital from SOL to stablecoins suggesting profit taking, one analyst said in an interview.
Solana co-founder Anatoly Yakovenko. (Danny Nelson/CoinDesk)
Memecoin traders and airdrop farmers are bringing more attention to Solana.
Value locked on the blockchain’s applications has more than doubled since November.
Yakovenko emphasizes the importance of reaching a user base of 25-50K to sustain the Solana phone’s development in an interview with Laura Shin.