Solana's network activity reached a record high with over 1 billion weekly transactions, despite SOL's price struggling below $75 and testing support around $70.75. Governance proposals aiming to reduce token issuance and increase token burns have advanced, potentially easing long-term sell pressure. Meanwhile, a key project migrated away, raising concerns about app retention amid Layer 1 competition. Technical upgrades targeting faster block production are underway, signaling ongoing efforts to improve network performance. Traders watch key resistance at $75.50 and $92.60 for potential bullish momentum, while a drop below $70.75 could accelerate selling pressure.
Solana (SOL) is currently trading near $74, holding above a critical support zone between $64 and $68, but it remains below a descending resistance line, keeping the broader trend bearish. A sustained breakout above this resistance could lead to a co...
Financial analysts highlight five cryptocurrencies as core components for a balanced long-term investment portfolio. Bitcoin serves as a stable foundation due to its limited supply and institutional acceptance. Ethereum leads in smart contract and De...
South Korea's Upbit exchange will delist the Bonk (BONK) meme coin on September 7, ending its KRW and USDT trading pairs. This decision follows a security incident and failure by BONK's operators to disclose key information, leading Upbit to conclude...
Solana (SOL) traded near $72.91, down 1.47% in 24 hours, facing resistance around $73.35 and key breakout level at $76. Governance proposals SGP-0002 and SGP-0003, which aim to reduce token supply growth, are in final discussion until August 22. Mean...
U.S.-listed altcoin ETFs showed mixed investor flows on August 6, with XRP and Hyperliquid ETFs attracting net inflows while Solana ETFs experienced outflows. XRP ETFs gained $3.45 million, primarily in Franklin’s XRPZ and Bitwise’s spot XRP ETF, ind...
