Solana

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

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. 
Ethereum-Based Investment Product Trade Volumes Increase
Every month Cryptocompare publishes a research report that covers the cryptocurrency investment product landscape. The investment products are ETPs tethered to today’s top crypto assets globally such as Grayscale’s GBTC and ETHE funds. Cryptocompare’s Digital Asset Management Review November report explains that ETPs tied to ethereum (ETH), litecoin (LTC), and solana (SOL) saw better returns during a 30-day time frame ending on November 19.
“The majority of AUM for trust products continues to reside in Grayscale’s Bitcoin (GBTC – $38.1bn – down 10.1% since October) and Ethereum (ETHE – $12.9bn– up 3.6%) products,” Cryptocompare’s report discloses. “ETC Group’s BTCE product regained the position of highest AUM ETN/ETF product with a gain of 1.2% to $1.5bn. This was followed by Purpose’s Bitcoin ETF (BTCC) and 3iQ Coinshares’ Bitcoin ETF (BTCQ) which fell 6.5% and 10.1% to $1.4bn and $1.2bn respectively,” the Cryptocompare researchers add.

Aggregate of Crypto-Based ETP Daily Trade Volumes Slid by 13% — Litecoin and Solana ETPs Outperform Bitcoin Investment Products
The research highlights that overall, crypto-based ETP daily volumes slid by 13% but popular ETH-based ETP volume rose. “Average daily trading volumes across all digital asset investment product types fell by an average of 13% from October to $732mn/day,” the study highlights. Cryptocompare’s report notes that Bitcoin-based investment products “performed poorly,” while LTC and SOL-based ETPs did well. Grayscale’s basket fund which contains some of the largest market cap coins returned -15.5%, Cryptocompare detailed.
“BTC-based investment products generally saw negative returns in November, led by ETC Group’s BTCE product which returned -13.1%. Similarly, Grayscale’s GBTC trust returned -10.2%,” Cryptocompare’s November study explains. “The best performing investment product was Valour’s BTCZERO product, which returned -6.6%. On the other hand, alternative coins-based products saw positive returns throughout the month, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively,” Cryptocompare’s report concludes.
What do you think about the bitcoin investment products’ performances compared to alternative crypto asset ETP market performances? Let us know what you think about this subject in the comments section below.



























Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm&#x2019;s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative...

news.bitcoin.com

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November

The SOL coin is currently in a retracement phase which has plunged the coin price to the $184 support. The coin price is hovering above this level, trying to get enough support for continuing its rally. However, the price action still needs sufficient data for a bullish reversal, or this short-term fall is likely to continue.
Key technical points:

The SOL coin daily RSI chart displayed a significant drop for a minor pullback.
The intraday trading volume in the SOL coin is $1.47 Billion, indicating a 23.63% loss.


Source- SOL/USD chart by Tradingview
The SOL coin displayed a remarkable rally in its technical chart where the coin made a New All-Time High of $260 before initiating a minor correction phase. So far, the coin has dropped around 28% from the top and is currently trying it sustain above a strong support zone around $185. According to the crucial EMA’s(20, 50, 100, 200), the SOL coin is trading above the 100 and 200 EMA, maintaining this uptrend. 
The Relative Strength Index(40) projects a bearish sentiment within the SOL coin. Moreover, the RSI line value has significantly dropped for this pullback, suggesting strong selling in this coin.
SOL/USD 4-hour Time Frame Chart

Source- SOL/USD chart by Tradingview
The SOL coin price is currently trading at the $189 mark, with an intraday loss of $1.51%. The RSI chart in this lower time frame chart displays a clear bullish divergence, suggesting the increasing bullish momentum at this support.
However, the price action has not yet indicated enough demand pressure at this support level, and therefore, the crypto traders could wait until the price breach the nearest resistance around the $217 mark, providing better confirmation for a bull rally.
 
The post Solana Price Analysis: SOL Price Retest The Support Zone Around $184; Will The Rally Continue, Or Their’s More To This Correction Phase. appeared first on Coingape.


The SOL coin is currently in a retracement phase which has plunged the coin price to the $184 support. The coin price is hovering above this level, trying to get enough support for continuing its rally. However, the price action still needs sufficient data for a bullish reversal, or this short-te...

coingape.com

Solana Price Analysis: SOL Price Retest The Support Zone Around $184; Will The Rally Continue, Or Their’s More To This Correction Phase.

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‘Dark horse’ Solana is backed to outpace Ethereum with Finder’s expert panel predicting SOL closing 2021 at $235.  Solana (SOL), destined to end the year at $235 on average (1) before skyrocketing to $1,178 by the end of 2025. Finder’s panel of 50 fintech specialists predict SOL’s ‘technical architecture’ will give it an edge over ETH.
Despite Solana’s network experiencing a distributed denial-of-service (DDoS) attack in September 2021, sentiment from Finder experts remained upbeat when considering its immediate and long-term growth.
Gavin Smith, general partner at Panxora Crypto I hedge fund, shared Solana will be worth $250 by the end of 2021 and said,
“SOL is one of a few smart contract-based blockchains that have the technical architecture that will be difficult for Ethereum to compete with on the basis of transaction speed and transaction cost. For smart contract usage – especially in DeFi – these factors are a critical success indicator.”
SOL’s fast transactions proved favorable among Finder experts, with Linda Kreitzman, partner at Oxpartners.com, stating that “transactions are faster on Solana” than on Ethereum.
Wider support of SOL’s time-saving benefits are backed by Francisco Rodrigues at Cointelegraph, who said,
“Ethereum just can’t compete with the speed of transactions on Solana which developers may increasingly look at.” 
Some panelists were neutral, stating that SOL could “probably just go in lockstep with the coming inflation,” while noting its opportunity for growth was tied to there being “a lot of work to do.”
Finder’s global cryptocurrency editor Keegan Francis thinks that Solana will grow with inflation alongside the rest of the market – with Bitcoin “crushing everything in the long-term.”
On September 15, 2021, Bloomberg covered what the Solana blackout revealed about the fragility of crypto.
Finder’s experts were divided over the offline episode:

40% considered it ‘only a hiccup’
40% declared it was ‘a problem’
20% were ‘unsure’

Gavin Smith saw it as a ‘hiccup’ and noted a timeframe when considering Solana’s stability,
“The proof will be how resilient it proves to be over the next two years.”  
Martin Froehler, CEO of Morpher, noted a larger issue at play,
“It uncovered a much bigger fundamental problem with Solana – its lack of decentralization.”  
Daniel Polotsky, founder and chief advisor of CoinFlip, said,
“Unsure. The fact that the entire Solana network can be taken down like this is an indicator that it has a long way to go in terms of adequate stability and decentralization.”
However, he still supported the opportunity of the SOL’s future,
“I do believe it can eventually get there.”
Jeremy Britton, CFO at BostonTrading.co, appeared unshaken by SOL’s 17-hour absence,
“Small hiccups on the way to greatness are inevitable.”
He added a testament to its strength,
“SOL went down for a few hours, but it did not get hacked, stolen or crippled.”
‘Security’ and ‘trust’ were buzzwords amid the responses Finder collected on SOL’s DDoS attack. 40% of experts agreed it was an ‘inherent problem.’
Joseph Raczynski, technologist and futurist at Thomson Reuters, predicted more events of this kind to come,
“Many new players in this field simply do not invest enough in cyber security. Without the ability to dissuade DDoS attacks through a mechanism that makes it too expensive, these attacks will persist.”
Although safety and user confidence were deemed at risk by some experts, overall SOL’s proof-of-history network was supported by 51%, agreeing it was an avenue for potentially gaining the edge over ETH.
SOL’s growth capabilities were backed by 28% of panelists predicting it will close 2021 at $300 or above.
Alex Nagorskii, funds management operations at DigitalX Ltd, said,
“Solana has been enjoying spectacular growth this year, buoyed by strong features such as exceptionally high transaction speed. It has been able to ride the success of some NFT projects launched on their blockchain. Until Ethereum solves their issues with scalability, it is likely Solana will continue to perform strongly. However, as shown by the DDoS attack, it is yet to nail down the security aspect of its network. Long-term competitiveness is difficult to predict, monitoring the market share the network is able to capture in the various sectors of crypto continues to be the best indicator for us when determining our position in Solana.”  
Morpher CEO Martin Froehler strongly backed SOL, foreseeing 2021 closing at $800 and simply stating,
“I hope they don’t have to reboot again.”  
Paul Levy, senior lecturer at the University of Brighton, shared a modest $170 for 2021 and cited a stratospheric rise to $3,000 in 2025,
“There is a lot of potential here and I expect steady growth but this may well come from new users rather than stealing market share.”
With user growth being critical to SOL’s success, crypto fans were updated with key news announced on The Daily Hodl on November 10, 2021. Staff writers confirmed that Solana is poised to add “millions of new users” as it partners with Brave browser. Brave will integrate the Solana blockchain into the Brave browser, providing default Solana ecosystem support to Brave’s 42 million monthly active users and 1.3 million verified creators.
A handful of panelists, including Johannes Schweifer, CEO from CoreLedger AG, were unsure of giving clear predictions, citing,
“[It was] frankly difficult to estimate as SOL does not necessarily have to become a token for speculation such as ETH.”
Last week SOL was reported as “down 6% in the past 24 hours and fallen 9.1% in the past week” by fool.com, with “no single factor causing cryptocurrencies to fall right now.” SOL climbed again in recent days and fool.com’s Chris MacDonald called out gains of “nearly 10%.”
With SOL’s true staying power under daily scrutiny, Finder’s expert Gunnar Jav makes a timely observation, stating,
“Solana has a lot of work to do.”
Read the full report over at Finder.
(1) Finder surveyed 50 fintech specialists from September 24 to October 11, 2021. Panelists may own some cryptocurrencies, including Solana.  We assessed survey results using a truncated mean, with the top and bottom 10% of outlying results removed.

Zak Killermann is a writer at Finder who’s been specializing in cryptocurrencies and blockchain technology for four years – covering everything from ICO booms, crypto winters, memecoins and more. He’s mined and minted cryptocurrencies, and remembers the days when DOGE was just for fun. Zak’s focus is on breaking down technical concepts (like yellow papers) for the average folk to digest on their morning commute. Before diving into all things crypto, Zak contributed to Finder’s money transfers vertical.

 
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The post ‘Dark Horse’ Solana Backed To Outpace Ethereum – Finder’s Expert Panel Predicts SOL Closing 2021 at $235 appeared first on The Daily Hodl.


&#8216;Dark horse&#8217; Solana is backed to outpace Ethereum with Finder’s expert panel predicting SOL closing 2021 at $235.  Solana (SOL), destined to end the year at $235 on average (1) before skyrocketing to $1,178 by the end of 2025. Finder’s panel of 50 fintech specialists predict SOL’s &#8...

dailyhodl.com

‘Dark Horse’ Solana Backed To Outpace Ethereum – Finder’s Expert Panel Predicts SOL Closing 2021 at $235

A play-to-earn (P2E) blockchain gaming guild has raised $18 million in a Series A financing round according to an announcement on Wednesday. Avocado Guild detailed that the firm raised the funds from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana Ventures.
P2E Organization Avocado Guild Raises $18 Million From Strategic Investors
According to an announcement from Avocado Guild on Wednesday, the organization raised $18 million from strategic investors. The capital raise stemmed from the firm’s Series A funding round which gave Avocado Guild an overall valuation of around $200 million.

Avocado Guild's Series A Fundraise has officially closed in at $18 Million co lead by @animocabrands @kyled116 @hashed_official #QCP Soteria 
Thank you to our investors, and most importantly our fellow Avocadians. 
Time to build the future of P2E. #avocadodao pic.twitter.com/mdAH9MzpHZ
&#x2014; Avocado Guild 🥑 (@Avocadoguild) November 24, 2021

Avocado Guild is essentially a P2E blockchain gaming guild that leverages various successful game titles in order to support the gamers. Blockchain gaming has been a big deal this year and according to a recent study, a majority of software engineers dedicated to the realm of games are beginning to incorporate blockchain technology.
“At the heart of every NFT player is the desire to succeed and lead a better life,” the Avocado Guild website details. “Avocado Guild (AG) is a play-to-earn guild that aims to unlock life-changing opportunities and rewarding experiences for its community members.” According to the organization, the Series A financing was led by Animoca Brands and QCP Soteria Node.
In addition to QCP Soteria Node and Animoca Brands, Binance Smart Chain, Goldentree Asset Management, Polygon Studios, Three Arrows Capital, and Solana Ventures participated in the financing round. According to Avocado Guild, the organization aims to expand to different P2E blockchain games and also become a decentralized autonomous organization (DAO) called Avocadodao.

Play-to-earn blockchain gaming has been a hot subject this year and many believe it is the future of online and multiplayer gaming, while many others disagree with that vision. Ubisoft mentioned blockchain gaming in a recent earnings report and the executive vice president of gaming at Microsoft recently addressed NFT gaming. Game giant Square Enix has been contemplating entering the blockchain gaming industry and Morgan Stanley believes the metaverse is the next big investment theme.
What do you think about Avocado Guild raising $18 million and its plans to become a DAO? Let us know what you think about this subject in the comments section below. 



























A play-to-earn (P2E) blockchain gaming guild has raised $18 million in a Series A financing round according to an announcement on Wednesday. Avocado Guild detailed that the firm raised the funds from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana V...

Play-to-Earn Gaming Guild Raises $18 Million in Funding Round Led by Animoca Brands

Cardano (ADA) achieved another milestone earlier today as it surpassed the 20 million transaction count without a single day of downtime. At a time when major blockchain networks have been down on various occasions, the most recent example being Solana which went offline for nearly 24-hours, Cardano managed the rare feat despite being mocked for slow implementation of upgrades. Cardano has been up for 1522 days with instant transactions and minimal transaction costs.

Today, #Cardano surpassed 20M TX since it went live 1522 days ago. That is
20M TX with no insane fees or TX time20M TX with ZERO down time20M TX on the most decentralized blockchain in crypto
You've really built something magical here @IOHK_Charles @InputOutputHK pic.twitter.com/98qdLOUEGk
— Bj₳rne | TECH Pool  (@CardanoTech) November 22, 2021

Charles Hoskinson, the co-founder of Cardano has made it clear in the past that they are in no hurry to implement upgrades at the cost of security and privacy. The much-awaited smart contracts feature was integrated recently in September with the Alonzo upgrade that pushed Cardano into the era of Defi and NFTs. Hoskinson who often interacts with the community through his AMA session talked about the proxy keys, the ultimate security and privacy upgrade that could come to the Cardano network in the coming year.

Surprise AMA 11/21/2021 https://t.co/YH1Dq7ATN8
— Charles Hoskinson (@IOHK_Charles) November 21, 2021

Hoskinson talked about three keychains that could play a key part in Cardano’s security and privacy in the near future. The three keychains namely pending key, voting key, and staking key would keep a secure partition between the cold and hot infrastructure on the blockchain. The use of proxy keys in the infrastructure would separate some of the crucial user info that is often targetted by hackers and scammers.
Hoskinson said he was among the first in the industry to bring the concept of sidechains to ensure better security, however, the implementation of the same could come a little later in 2022.
“We were first the market to publish this model (side chains). That’s the power why this model is so scalable because you can just launch as many of these things as you want. It’s just the carrying capacity of the system.”
“It’ll have to come a little later down the roadmap. So second half of 2022, likely because there’s so much to do. But it’s definitely something that we’re looking for a protocol for that makes sense.”
$ADA price hit a new all-time high of $3.10 in the run-up to the Alonzo hardfork but failed to pick up after the upgrade. $ADA is currently trading at $1.81 with a 1% climb over the last 24-hours with $2.0 being the crucial resistance at the moment.
Source: TradingView
The post Cardano ($ADA) Surpasses 20 Million Transactions, Hoskinson Announces Proxy Keys appeared first on Coingape.


Cardano (ADA) achieved another milestone earlier today as it surpassed the 20 million transaction count without a single day of downtime. At a time when major blockchain networks have been down on various occasions, the most recent example being Solana which went offline for nearly 24-hours, Card...

Solana price	$203.69
Low - High 24H	$200.84 - $213.91
Market cap	$62.02B
Volume 24H	$1.93B
All time high	$259.96 -21.57% November 6th 2021
All time low	$0.500801 40611.32% May 11th 2020
Genesis date	N/A

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