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The Solana price surged 4% in the past 24 hours to trade at $201.77 as of 09:12 p.m. EST on trading volume that plunged 44% to $2.7 billion. Solana Price Could Still Soar The SOL price has been in a strong uptrend on the weekly timeframe, recovering from its bear market lows in 2022. Currently, the Solana price is $201.77, with a recent high of $295.83. The chart shows a period of consolidation after a major rally, forming what appears to be a bullish continuation pattern. A key observation is that SOL is trading above both the 50-day Simple Moving Average (SMA) ($172.95) and 200-week SMA ($90.42). This suggests a well-established long-term uptrend, as price corrections are consistently finding support at these moving averages. Meanwhile, the Relative Strength Index (RSI) is at 59.65, indicating neutral to bullish momentum. While it’s not in the overbought zone (above 70), it also isn’t in an oversold position. This suggests that there is still room for upward movement ...

The Solana price dropped 2% in the past 24 hours to trade at $187.71 as of 01:02 p.m. EST on trading volume that surged 35% to $3.9 billion. This comes as the Grayscale asset manager recently added tokens including HYPE, VIRTUAL, ENA, and JITO to its list of the top 20 tokens to watch. Virtuals is an AI platform, Hyperliquid is a high-performance Layer-1 network, and Ethena, Jupiter, and Jito are DeFi apps. Jupiter and Jito are native to Solana.  Grayscale adds AI launchpads, Solana DeFi apps to Q1 2025 top tokens The asset manager has added tokens including HYPE, VIRTUAL, ENA and JITO to its list of the top 20 tokens to watch.#Norque #NOQ #Bitcoin #ETH #AI #Blockchain — NORQUE-NOQ (@NorqueNoq) December 30, 2024 Solana Price Gearing Up Towards A Bullish Reversal Pattern The SOL price has transitioned from a strong bullish rally earlier in Q4 to a bearish correction and subsequent consolidation. After peaking above $264, the price has reversed significantly, forming...

Elena Sinelnikova, co-founder of the MetisDAO Foundation and Decentralization Coordinator for the Layer-2 blockchain Metis, recently shared her insights on how next-generation solutions can open Web3 to the masses with crypto.news. With over two decades steering complex government IT projects before entering crypto, Sinelnikova has a grounded perspective on blockchain evolution. She also leads CryptoChicks, empowering women and youth in Web3 globally. In her commentary, Sinelnikova highlighted two key barriers still limiting mainstream use of Layer-2 platforms despite strengths in speed, fees and scale: an ongoing lack of simplicity and decentralization. While user experience has improved from first-generation blockchain tools, more work is essential so Web3 integrates seamlessly into people’s digital lives. We, as an industry, can match the ‘experience’ of legacy services that stood the test of time. Think of seamlessness. You’ll have to connect your wallet, sign transactions, e...

Friend.tech, a decentralized social platform , sees a rapid ascent post-beta launch, sparking debates on data privacy and novel monetization of social interactions. Friend.tech has set the crypto world abuzz in less than a week since its beta launch. This decentralized social platform has outpaced established marketplaces and ignited debates about its future, data privacy, and the unprecedented way it monetizes social interactions.  If you have been following crypto Twitter lately, you’ve probably stumbled across Friend.tech, a new platform heralding a paradigm shift in social networking within the crypto universe.  In its essence, Friend.tech is a marketplace for friends, a decentralized platform where users tokenize their social connections, granting privileges such as private messaging and interaction rights.  But what’s behind this sensational rise, and why is it garnering so much attention? Let’s dive into the world of Friend.tech. What is Frie...

Coinbase reached has reached 136,000 daily users following the announcement of its new blockchain. According to Dune Analytics, nearly 30% of the daily users on August 10 were new users , representing 42,000 of the total. On July 31, the company reached 60,000 new users . Coinbase’s layer-2 daily users | Source: Dune Analytics CryptoRank showed that Base currently stands in the 4th position for daily transactions, behind zkSync Era, Arbitrum and Optimism. Base Now Ranks 4th in Daily TPS Among Layer 2 Solutions #Base Layer 2 launched its mainnet yesterday and is showing robust growth in active users and transactions. Now it ranks 4th by daily TPS (Transaction per second). pic.twitter.com/pnYF0tk7b0 — CryptoRank Platform (@CryptoRank_io) August 10, 2023 Coinbase launched the beta version of its new project, known as Base, on February 23. The ecosystem has over 100 decentralized applications (dapps) and service providers. The mainnet version for developers and b...