Cryptocurrency Highlights: Ethereum, Solana, and Furrever Token (FURR)’s Market Moves

5 mins read

The cryptocurrency market is witnessing significant movements with Ethereum eyeing a $4,000 target amid a technical breakout, Solana targeting a $250 milestone fueled by technological advancements, and Furrever Token gaining momentum with its unique appeal. Ethereum’s surge is supported by recent developments like the transition to a proof-of-stake mechanism, enhancing its efficiency and scalability, coupled with a bullish trend indicated by technical patterns. Ethereum Eyes $4,000 Amidst Technical Breakout and

Solana (SOL) closing week with remarkable 20% gain amid mysterious $1.9 billion transfer

1 min read

An anonymous wallets traded $1.9 billion worth of Solana (SOL) tokens, shattering the Sunday afternoon crypto market. Over 11 million SOL were traded in this big transaction, generating suspicion. Whale Alert reports that SOL tokens were transferred from “DnDz” to “4njYP.” Retransferring the tokens to “4fAG,” they ended up at a new address with no transaction history. It is unclear who made this large transfer on Sunday, a low-liquidity day

Solana Meme Coin Penguiana Hits Softcap As The Presale Raises Over 1500 SOL, Set To Release P2E Game Demo Next Month

3 mins read

Dubai, United Arab Emirates, May 17th, 2024 Penguiana’s presale, the penguin-themed Solana meme coin, has now surpassed 1,500 SOL. The team believes this achievement underscores the growing interest surrounding Penguiana within the crypto and meme coin communities. Inspired by the playful and communal nature of penguins, Penguiana is more than just another meme coin. It is poised to become a significant player in the Solana ecosystem, leveraging the blockchain’s fast processing and

Solana experiences high volatility, including large transaction failures and scam projects

1 min read

Solana (SOL) is experiencing praise and critique as it experiences extreme highs and lows. Despite successes, the ecosystem faces hurdles and constant inspection, bringing acclaim and criticism. Despite Solana’s $2 billion trading volume in April, the network had a 72% transaction failure rate, worrying investors and experts. A new meme currency dubbed CoolCoin (COOL) has joined the fray, only to be affected by fraud. Lookonchain, an on-chain analytics startup, reports

Solana rolls out crucial update to tackle network slowdowns, enhancing validator performance

1 min read

Solana Labs has launched version 1.17.31, a software update specifically developed to resolve congestion problems resulting from spam transactions. The update implements a stake-weighted quality of service (SWQOS) mechanism that gives priority to transactions from validators who have staked their tokens. It allocates 80% of network connections to these validators. Anza strongly encouraged MainnetBeta validators to execute the update whenever their overdue stake falls below 5% and to closely monitor

Solana (SOL) drops by more than 24% in the last 7 days

1 min read

Solana (SOL) had a substantial decline in value throughout the market downturn, with its worth plummeting by more than 24% within the past week. The token’s market valuation exceeds $63 billion. Currently, Solana’s trade price is $142.9, and its market capitalization exceeds $63 billion. Although there was a decrease, the trade volume experienced a significant increase of more than 70%. Crypto experts’s analysis found that the price volatility of SOL

Solana (SOL) has had a 6.25% surge in value over the last three days

1 min read

The native crypto of Solana, SOL, has had a 6.25% surge in value over the last three days, rising from about $180 to beyond $210. Although it has not surpassed its previous low of $162.74, the cryptocurrency, which is presently ranked 5th in the crypto market and has a total supply of 441 million, along with a market value over $88 billion, continues to demonstrate relentless momentum. The price is

Solana (SOL) Surpasses Binance Coin (BNB) in market cap to become the 4th largest crypto

1 min read

Solana (SOL) has surpassed Binance coin (BNB) in market capitalization, becoming the world’s fourth-largest cryptocurrency. This follows a remarkable streak of growth, with Solana surpassing Ethereum’s performance in the previous 24 hours and achieving a record DEX daily volume number. Despite the downturn in the digital asset market, Solana has managed to surpass BNB in market capitalization, making it the fourth-largest crypto globally. The price and market cap of Solana

Solana (SOL) approaches $200 mark after surging 50% in a month

1 min read

Solana (SOL) has seen a significant recovery after 2 years, with a over 10% increase in market capitalization to $75 billion. In addition, SOL has seen over 27% increase in trading volume to $7 billion. The crypto is now 33% away from its all-time high (ATH) of $260.06 two years ago. Following this, crypto experts suggest that Solana is on the cusp of crossing the $180 price threshold, making it

Crypto markets sees over $150 billion inflow as Bitcoin price soars above $57K

1 min read

Bitcoin’s (BTC) price soared over $57,000 following several days of trading aimlessly between $51,000 and $52,000, hitting to a 26-month high. The last time the largest crypto by market cap hit $57,000 was in November 2021 when the price hit an all-time high of around $69,000. Bitcoin jump also triggered surge in alternative coins. Cryptos like Solana (SOL) and Bitcoin Cash (BCH), also saw huge rises, with SOL surpassing $110

Solana blockchain network suffers another outage, SOL price dropped

1 min read

There is currently an outage on the Solana blockchain network, which is the 11th in the last two years. According to the most recent updates, block advancement has stopped, and Solana’s (SOL) mainnet beta has not been operational for roughly two hours. Two well-known block explorers, Solscan and OKLink, first reported that there weren’t many new transactions on the network, which led to the discovery of the issue. The most

Will Solana (SOL) surge above $100 or dip?

1 min read

Solana, the high-performance blockchain that drew attention throughout 2023, experienced a day of volatility as it sought the elusive $100 mark. After a rally brought the native token (SOL) within reach, it experienced a slight decline but managed to retain the majority of its recent gains, primarily hovering above $97. Analysts note that $100 has become a critical battleground, with significant selling pressure expected at the century mark. The year