Solana

Get Solana (SOL) all time high price, historical charts, latest news and other information.

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot.

Ethereum (ETH)
After a week of consolidation, ETH is giving some signs of optimism. The price found good support at $1,900 which represents a higher low compared to $1,700 which was hit on May 12. Ethereum is now in a position to attempt further recovery and closed the past seven days with a 4% price increase.
At the same time, closely following the price, the RSI has made a higher low on the daily timeframe and appears ready to move higher towards 50 points. Yesterday, the volume also saw strong buying pressure which could soon flip the MACD bullish if it continues.
Taken together, these signal a potential bullish price action in the coming days. The first obstacle towards that is represented by the key resistance at $2,150. Should ETH manage to move above it, then the next target in the coming week is found at $2,500.
Chart by TradingView
Ripple (XRP)
Compared to Ethereum, XRP is one step ahead after the daily MACD completed a bullish crossover today. This signals a considerable change in the trend and may, at least temporarily, lead to a relief rally. For this reason, XRP registered an 11% price increase in the past seven days.
The price action is very similar to ETH, with a higher low and bullish RSI. So long as this momentum is maintained, XRP could challenge the resistance at $0.56. For now, the price found good support just above $0.40.
Looking ahead, the cryptocurrency is suffering from a lack of volume. This could put any sustained recovery in danger and the weekends are notoriously low on volume. Nevertheless, sellers seem to have been exhausted and buyers may take over the price action going forward.
Chart by TradingView
Cardano (ADA)
Cardano also made a bullish crossover on its daily MACD indicator today. The price action is relatively bullish (in the short-term) with a higher low and it may attempt another test of the key resistance at $0.60. Overall, it was a good past week for ADA with its price increasing by 13.7%.
The support is found at $0.50 and so far this level has managed to stop the price from falling lower twice in the past week. This may encourage buyers to push ADA much higher.
Looking ahead, the key support could act as a pivot point which may allow ADA to move above $0.60. If successful, then the next key resistance will be found at $0.75.
Chart by TradingView
Solana (SOL)
With a 19% price increase in the past seven days, Solana has recovered very successfully from the mid-May lows and is the best performer on our list this week. SOL also appears in a similar position to Ethereum as it is closing fast towards a bullish crossover on the daily MACD.
The cryptocurrency has managed to hold well above $50 and may attempt to break the key resistance at $57 in the coming week. Buying pressure is also picking up in the past two days and if this continues, Solana could break the key resistance and rally towards the next target at $78.
Considering this price action, SOL seems well-positioned for a sustained recovery after suffering significant losses in early May. The indicators are about to turn bullish and this may be the momentum it needs to sustain a relief rally.
Chart by TradingView
Polkadot (DOT)
Polkadot’s price action shows some hesitation from market participants but despite this, it still managed to register a 15% price increase in the past seven days. The key support at $8 stopped the crash in mid-May and now DOT has found support around $10.
The key resistance levels are found at $12 and $14 with momentum favoring buyers in the past two days. DOT has to do its best to not lose its support at $1. Momentum is not yet fully behind the bulls based on this price action, but it may improve in the coming week.
Looking ahead, DOT must maintain a double-digit price to shore up confidence that it can turn around the bearish trend that started in early April. Should it be successful, then the cryptocurrency might even test the $14 resistance in the next few weeks.
Chart by TradingView


This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot. Ethereum (ETH) After a week of consolidation, ETH is giving some signs of optimism. The price found good support at $1,900 which represents a higher low compared to $1,700 which was hit on May 12. Ethereum is now...

cryptopotato.com

Crypto Price Analysis May-20: Ethereum, Ripple, Cardano, Solana, and Polkadot


May 19, 2022 – Zurich, Switzerland


Babel Finance, a leading global crypto financial services provider, announced today that it has successfully issued the first collateralized USDC note via eNotes, a smart contract based global debt instrument, provided by blockchain start-up FQX AG on their Solana environment.

The transaction was executed using a Fireblocks custody wallet. The principal was provided by a Swiss investment firm and secured with smart contract based collateral denominated in SOL. For the delivery-versus-payment as well as for the collateral management, FQX’s decentralized escrow programs were used. The transaction was initiated using FQX’s Telegram program.
eNotes are blockchain-based debt instruments that are recognized around the globe and can be used for a broad variety of financing purposes. By providing a legal layer for decentralized financing, FQX eNotes increases legal certainty and optimizes the loan-to-value ratio in the massively over collateralized DeFi space. Via Wallet Connect’s Solana gateway to Fireblocks, Fireblocks customers will be able to sign and issue transferable debt instruments in seconds using FQX’s eNote DApp.
Richard Astle, head of Switzerland and the Middle East at Fireblocks, said,
“Digitization has been transforming traditional asset classes for over twenty years, with tokenization being the next phase of the evolution. Prolonged manual processes, limited secondary market liquidity and mostly bilateral settlements offer a number of areas in debt markets, which can be improved by blockchain and smart contracts.
“Through tokenization, investors are able to participate with smaller transaction sizes than traditional debt issuance, making it much more accessible to the broader market. We’re proud to support new innovations like FQX’s eNotes with Fireblocks’ technology so that more traditional assets can benefit from blockchain’s transparency, security and speed.”
This transaction marks the beginning of eNotes on Solana. This will help Babel Finance widen its funding sources. For traditional financial institutions that intend to invest in crypto assets, this innovative fixed-income crypto financial product is an investment channel with returns and risks.
Yulong Liu, partner of Babel Finance, said,
“We are very excited about the launch of this innovative product and very optimistic about the market prospects for crypto note and bond products using FQX’s eNotes. Babel Finance will continue to leverage our strengths in product innovation and work with our partners to expand this market.”
Benedikt Schuppli, co-CEO of FQX, said,
“With eNotes on Solana, accessible via Fireblocks, we drastically reduce the economic distance between borrowers and lenders in a cross-border setting and make financing overall radically easier.”
About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks and hedge funds to securely scale digital asset operations through the Fireblocks network and MPC-based wallet infrastructure. Fireblocks serves over 800 financial institutions, has secured the transfer of over $2 trillion in digital assets and has a unique insurance policy that covers assets in storage and transit.
For more information, visit the website.
About Babel Finance
Babel Finance is a global leading crypto financial services provider, offering institutional and HNWI investors professional services covering crypto lending and crypto trading. The company is backed by prominent investors including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital and NGC Ventures. Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds and mining institutions.
For more information, visit the website.
About FQX
FQX is a born-global startup headquartered in Zurich, Switzerland. FQX is building the lending infrastructure for Web 3.0. FQX employs more than 20 people in Europe and Asia. FQX has garnered attention in 2021 by winning the Swiss Fintech and the Fintech Germany Awards in its respective categories. FQX is backed by notable tech investors – among them, six fintech ventures and Earlybird VCs.
For more information, visit the website.
LinkedIn | Twitter | Telegram
Distributed by STORM Partners on behalf of FQX. For more information, email Adrian Bono, PR and media manager of STORM Partners, or visit us on Telegram.
Contact
Jörg Röthlisberger
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks appeared first on The Daily Hodl.


May 19, 2022 – Zurich, Switzerland Babel Finance, a leading global crypto financial services provider, announced today that it has successfully issued the first collateralized USDC note via eNotes™, a smart contract based global debt instrument, provided by blockchain start-up FQX AG on their Sol...

dailyhodl.com

Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks

SOL price has been repeatedly knocked down by network outages, a shrinking total value locked on the network and futures traders’ disinterest in trading the altcoin. 

cointelegraph.com

Lost SOL? Persistent challenges continue to impact Solana price

[PRESS RELEASE – Zurich, Switzerland, 19th May 2022]
Babel Finance, a leading global crypto financial services provider, announced today that it has successfully issued the first collateralised USDC note via eNotesTM, a smart contract-based global debt instrument, provided by blockchain start-up FQX AG on their Solana environment.
The transaction was executed using a Fireblocks custody wallet. The principal was provided by a Swiss investment firm and secured with smart contract-based collateral denominated in SOL. For the delivery-versus-payment as well as for the collateral management, FQX’s decentralised escrow programs were used. The transaction was initiated using FQX’s Telegram program.
eNotes are blockchain-based debt instruments that are recognized around the globe and can be used for a broad variety of financing purposes. By providing a legal layer for decentralised financing, FQX eNotesTM increases legal certainty and optimizes the loan-to-value ratio in the massively overcollateralized DeFi space. Via Wallet Connect’s Solana gateway to Fireblocks, Fireblocks customers will be able to sign and issue transferable debt instruments in seconds using FQX’s eNote dApp.
“Digitization has been transforming traditional asset classes for over twenty years, with tokenization being the next phase of the evolution,” said Richard Astle, Head of Switzerland and the Middle East at Fireblocks.
“Prolonged manual processes, limited secondary market liquidity, and mostly bilateral settlements offer a number of areas in debt markets which can be improved by blockchain and smart contracts. Through tokenization, investors are able to participate with smaller transaction sizes than traditional debt issuance, making it much more accessible to the broader market. We’re proud to support new innovations like FQX’s eNotes with Fireblocks’ technology so that more traditional assets can benefit from blockchain’s transparency, security, and speed”, Astle added.
This transaction marks the beginning of eNotes on Solana. This will help Babel Finance widen its funding sources. For traditional financial institutions that intend to invest in crypto assets, this innovative fixed-income crypto-financial product is an investment channel with returns and risks. “We are very excited about the launch of this innovative product and very optimistic about the market prospects for crypto note and bond products using FQX’s eNotes,” said Yulong Liu, Partner of Babel Finance. “Babel Finance will continue to leverage our strengths in product innovation and work with our partners to expand this market, ” Liu added.
Benedikt Schuppli Co-CEO of FQX stated: “With eNotes on Solana, accessible via Fireblocks, we drastically reduce the economic distance between borrowers and lenders in a cross-border setting and make financing overall radically easier”.
About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 800 financial institutions, has secured the transfer of over $2 trillion in digital assets and has a unique insurance policy that covers assets in storage and transit.
About Babel Finance
Babel Finance is a global leading crypto financial services provider, offering institutional and HNWI investors professional services covering crypto lending and crypto trading. The company is backed by prominent investors including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures. Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds, and mining institutions.
About FQX
FQX is a born-global start-up headquartered in Zurich, Switzerland. FQX is building the lending infrastructure for Web 3.0. FQX employs more than 20 people in Europe & Asia. FQX has garnered attention in 2021 by winning the Swiss Fintech and the Fintech Germany Awards in its respective categories. FQX is backed by notable Tech investors, among them SIX Fintech Ventures & Earlybird VC.


[PRESS RELEASE &#8211; Zurich, Switzerland, 19th May 2022] Babel Finance, a leading global crypto financial services provider, announced today that it has successfully issued the first collateralised USDC note via eNotesTM, a smart contract-based global debt instrument, provided by blockchain sta...

Babel Finance Used Collateralized eNote on FQX’s Solana dApp via Fireblocks


May 18, 2022 – Tortola, British Virgin Islands


DeFi Land, the third-most prominent game on the Solana blockchain, will launch a new breed of play-and-earn game on May 18, 2022, at 8 PM UTC. The current DeFi Land ecosystem has no play-to-earn elements – yet has achieved over 7,500 daily active users looking to have fun while running a farm.

Momentum has been building for the DeFi Land ecosystem. Its initial version without monetary rewards received tremendous support from blockchain gaming ecosystems. Moreover, it allowed DeFi Land to become the third-biggest game in terms of market cap and still holds the title of the first-ever gamification project built on Solana.
Thanks to 7,500 DAU and 25,000 MAU, DeFi Land continues to climb the overall rankings. As the team prepares to launch the first of its kind play-and-earn game mechanics, things will get much more exciting. Ecosystem users can fish, shoot, farm, drive harvesters, take care of pets and more.
As everyone has experienced farming games in their online life – through social networks or otherwise – DeFi Land has tremendous potential to become a very accessible play-and-earn game. Its various activities and solid foundation pave the way for the mainstream adoption of these gaming mechanics.
Players will earn the native DFL token as a reward, along with a new in-game currency GOLDY. Through these currencies, players can upgrade their in-game NFTs – the collection sold out in 16 seconds on launch day and raised $1.75 million, and recently saw a 2.5 times price floor increase across OpenSea and Magic Eden – or customize, craft, repair and socially interact with others. Accessing the play-and-earn features requires owning one DeFi Land Gen-Zero NFT.
Furthermore, players can access DeFi Land without starting funds. In the free mode, players can collect XP and go up the leaderboard to participate in monthly prizes, including DFL, GOLDY and in-game NFTs. Incentivizing people through a free-to-play approach enhances the appeal of DeFi Land, and the strong support for playing without any incentives shows there is long-term sustainability.
The play-and-earn mechanics announcement comes on the heels of a collab between DeFi Land and STEPN.
DeFi Land plans to explore a multi-chain future over the coming months, with more announcements regarding chain integrations to follow in June. An alpha mobile version of the game is in development and should be released in Q3 2022.
About DeFi Land
DeFi Land is a multi-chain agriculture simulation web game created to gamify decentralized finance. The game will have all the features that traditional platforms have – but it will be gathered all in one place. DeFi Land gamifies decentralized finance by turning investment activities into games.
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Contact
Edwin
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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Check out the Latest Industry Announcements  





 

The post Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game appeared first on The Daily Hodl.


May 18, 2022 – Tortola, British Virgin Islands DeFi Land, the third-most prominent game on the Solana blockchain, will launch a new breed of play-and-earn game on May 18, 2022, at 8 PM UTC. The current DeFi Land ecosystem has no play-to-earn elements – yet has achieved over 7,500 daily active use...

Solana price	$50.27
Low - High 24H	$49.15 - $51.03
Market cap	$17.04B
Volume 24H	$719.41M
All time high	$259.96 -80.72% November 6th 2021
All time low	$0.500801 9910.41% May 11th 2020
Genesis date	N/A

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