Western Union has launched USDPT, a U.S. dollar-backed stablecoin, on the Solana blockchain to improve payment efficiency and speed. This move highlights Solana's capability to handle high-volume transactions and has increased market confidence in the network. As a result, Solana price predictions for May have risen, with expectations it could reach $170. Investors should watch for further Solana developments and broader market factors that could influence blockchain adoption.
Solana is currently testing a crucial support level near $73, which will likely determine its short-term price direction. Holding above this level and reclaiming $77 would support a recovery and open the door for moves toward $80 and $84. On a longer...
Solana's network activity and real-world asset (RWA) tokenization have surged, with $1.6 billion in RWA inflows, even as its token price remains range-bound around $74.83. Weekly active addresses exceed 18 million, surpassing major networks, and tota...
Crypto markets saw $26.3 million in liquidations over 24 hours, dominated by $18 million in short position liquidations as Bitcoin and Ethereum prices rose modestly. This indicates a short squeeze, where bearish traders are forced to close positions ...
Solana has activated native on-chain governance, enabling community votes on protocol changes, including a potential overhaul of its base transaction fee. Currently, the base fee is a flat charge per signature, split 50% burned and 50% to validators,...
Solana (SOL) is projected to trade between $350 and $550 by 2031 under a central scenario assuming steady network growth, expanding stablecoin use, and increased institutional investment. An optimistic outlook sees SOL reaching $900 to $1,500 if Sola...
