Solana's price stabilizes around $74 amid declining decentralized exchange trading but rising stablecoin payments and tokenized asset volumes. The network sees growing adoption in consumer payments and institutional access, with Solana-based stablecoin card payments rising from 5% to 21% in a year and tokenized equity trading dominating at 95%. Despite short-term market caution and a recent security exploit unrelated to Solana's core, optimism remains for price growth driven by expanding use cases and ETF interest. Price targets range from $77 to $160 depending on adoption trends and market conditions.
Solana is currently testing a key support level near $75, which could lead to a recovery toward $80-$84 if held. Analysts highlight a potential long-term bullish cup-and-handle pattern forming since 2021, with a speculative target of $1,000 if multip...
Solana's stablecoin payments surged to a record $94 million, capturing 21% of the stablecoin payment market, driven by growing real-world adoption and institutional use. Meanwhile, spot Solana ETFs surpassed $1 billion in assets, though recent flows ...
In May, Solana blockchain saw a record $94.32 million in crypto card top-ups, marking its strongest performance in consumer payments. This surge highlights growing real-world use of Solana beyond trading, with cards from providers like KAST and Redot...
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
