News, Twitter and Technical analysis of Solana blockchain technology.
What is Solana
Solana is a public blockchain platform. It achieves consensus using the proof of stake mechanism.[1] Its internal cryptocurrency is SOL.
In 2021, Bloomberg journalist Joanna Ossinger described Solana as “a potential long-term rival for Ethereum“, citing superior transaction speeds and lower associated costs.
On 14 September 2021, the Solana blockchain went offline after a surge of transactions caused the network to fork, and different validators had different views on the state of the network. The network was shortly brought back online on 15 September 2021.[4] Solana can purportedly handle 50,000 transactions per second, which is faster than the Ethereum blockchain, but still less than the 400,000 transactions seen during the spike.
Wikipedia
Quick technical analysis of Solana price
$SOL for the past day
Increased by 2.48% from the previous close.
Previous Close Price: 172.75
Current Close Price: 177.04
High: 177.22
Low: 170.43
$SOL price chart from 01 Octomber 2021
Volume
Bollinger Bands 15 days
15, 30 and 60 Exponential Moving Averages
Fibonacci Retracement
Average True Range Volatility Indicator
RSI-Bollinger Strategy – RSI:15 days, BB:20 days
Aroon indicators
Stochastic Oscillator – 15 days
Strategy 1 – Moving Average-Stochastic Oscillator
The time period of the Stochastic Oscillator is 30 days.
The time period of Simple Moving Average is 15 days.
The time period of Exponential Moving Average is 20 days.
Strategy 2 – Ichimoku Cloud
Latest News found for Solana 31 December 2021
Predictions and analysis articles
Source: Solana Share Price Forecast December 2021 – Time to Buy SOL?
Shares of public blockchain platform Solana (CRYPTO: SOL) are in the green today, currently trading at $171.01 at the time of writing. Oscillators such as Relative Strength Index (14)(41.4985), Stochastic %K (14, 3, 3)(8.1888), Commodity Channel Index (20)(−66.8425), Average Directional Index (14)(18.3863), Awesome Oscillator(−5.6744) are neutral. Solana has been described by Bloomberg journalist Joanna Ossinge as the biggest rival to Ethereum. While it’s much less than the 2,900 built on Ethereum, the project has soared in popularity in the NFT market. On the other hand, traders who have a more aggressive stance will find solace in a new project like Solana. 1 Min Deposit $50Exclusive promotion 10 Our score Invest in a wide range of cryptocurrencies
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Source: Solana, Cardano, Polkadot – what a mega-alt makes a good holiday season trade
The year 2021 has been exceptionally good for the altcoin market, from the rise of Defi tokens to the growth of smart contract platforms, the rally of Metaverse tokens, and the rise of Layer-2 protocols. Mega altcoins or large cap alts like Solana, Cardano, and Lunares saw high annual ROIs this year rebounding regardless at some point or another. At press time, the global crypto market capitalization stood at $ 2.12 trillion. On December 14, Bitcoin took a trip to the $ 45.6K level as Solana posted weekly losses of 22.44%. However, SOL was also testing the lower support of $ 151 at press time. On the other hand, ADA presented -39.19% and DOT -43.96% ROI vs USD in the last month. The outlook looks brighter for DOT and SOL compared to ADA, on the price front.
Source: Solana (SOL) Price Prediction for 2022
Having established the EWP works reliably and accurately in forecasting SOL’s price highs and lows, as well as the projected paths, the critical question now is “What’s next for 2022?” Thus, it is logical to assume that Primary-IV does a similar retrace as major-4. Or it can try for another leg higher to $220-240 before the next leg lower (wave-c) starts. A close below the 20-week SMA triggers a more direct push lower.
Source: Solana Price Analysis: SOL/USD bullish for the remaining part of the year
The Solana price analysis is favorable today, with the coin’s price function heading upward and additional upside following a break above $175. After covering the range from $169.9 to $175.1, SOL will retest the $176.6 resistance soon. Resistance at $177 may be seen before another increase follows through with momentum traders needed now more than ever to keep pushing the coin towards $179/180 levels then onwards to $188. However, the downward trend line is still intact, and it can cause a sharp decline if broken. SOL’s current price, near $175.62, might be a good opportunity to buy into the coin with strength in hand, as the Bollinger bands suggest that momentum is almost spent for now, and both RSI and MACD signal upward movement shortly. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page.
Source: Solana Price Prediction 2022: Can SOL Double in Price, Reach $400 in 2022?
After an astronomical performance in 2021, theres still no stopping Solanas breathtaking rise in 2022 … and even in the next decade. From its current price of $171.46, based on CoinDesk real-time figures, expert Solana price predictions show an astonishing $352, or 102 percent, rise by the same time next year, highlighting another banner year for the crypto, Coin Price Forecast reported. Read Also: Solana Price Shock: $1000 Investment in January 2021 Would Have Made Over $100,000! The Solana blockchain has over 500 nodes, and this makes it more decentralized than other networks with fewer validator nodes, Changelly.com emphasized in its reports. In 2028, trading is expected to start at $705, advancing to $736 in the middle of the year before concluding at $783–a 350 percent increase from todays prices.
Source: Know Cryptocurrency prices today, Bitcoin trading above the USD 47,000
Prices of cryptocurrencies rose today, with Bitcoin trading above the USD 47,000 mark. By market capitalization, the worlds most popular and largest cryptocurrency increased by almost 1 percent to USD 47,217. Other digital tokens such as Solana, Uniswap, Cardano, Polygon, Litecoin, Terra, XRP, Polkadot, and Stellar also increased their performance in the last 24 hours, trading with gains.
Source: Bitcoin (BTC) struggles to stay at $56,000, but Solana (SOL) and Cardano (ADA) rise after positive news
International news continues to be concerned about the omicron variant of coronavirus, which puts even more pressure on the bitcoin (BTC) this Thursday (02). Around 3:30 pm, the biggest cryptocurrency of the world in market value retreated -2.20%, quoted at US$ 56,459.54 (R$ 317,894.95). Tasso Lake, cryptocurrency specialist and founder of Financial Move, states that the time is now to maintain the defensive portfolio at this time, given the uncertainties with regulatory issues and the coronavirus. the biggest fund of cryptocurrencies of the world, the grayscale, announced a new product for passive exposure to sole, O Grayscale Solana Trust. THE ADA it reached the lows of the year, and today it is also recovering.
Source: How much will Solana cost in 2025? Here is the prediction
2021 was a year of great importance and “maturity” for many cryptocurrencies, once considered “emerging” but which within a few months found great success both in terms of capitalization and increases in value. However, there remain many crypto which appear to be particularly ambitious, both in intentions and from a technological point of view: one of these is Solana, which already in 2022 could lead to a net increase in its value, growth that could not stop over the years, and in this sense more than a few predictions have been made.
Solana and other cryptos
Source: Bitcoin Is Braced For A $6 Billion Earthquake As A Crypto Price Crash Hits Ethereum, BNB, Solana, Cardano And
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Bitcoin and cryptocurrency prices fell this week, wiping out over $ 200 billion in value from the combined crypto market, despite some bold bitcoin price predictions. Now, bitcoin traders are poised to close over $ 6 billion worth of options contracts that will expire on New Years Eve, one of the most important options expiring this year that could potentially fuel price volatility. Sign up now for the free CryptoCodex, a daily newsletter for crypto-curious people. Help you understand the world of bitcoin and crypto, every day of the week
Source: Bitcoin braces for $ 6 billion earthquake as crypto price crash hits Ethereum, BNB, Solana, Cardano and XRP
The bitcoin and cryptocurrency market has rocked sharply over the past six months with bitcoin … + the price fell from less than $ 30,000 per bitcoin to almost $ 70,000 before falling back to less than $ 50,000. Distort
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Source: Bitcoin and cryptocurrencies: how much are they priced at and which 4 cryptos do make a profit
The cryptocurrency market turns red again and the main digital currencies such as Bitcoin, Ether, Binance Coin, and Solana fell around 3%. On the other hand, Binance Coin fell 3%, Solana 4%, Dogecoin 4% and Polkadot 3%. The tokenomic, that is, the economic system behind the Luna cryptocurrency and the Terra blockchain works as follows: Investors buy Luna to invest in Terra’s decentralized finance protocols like Mirror or Anchor Protocol (which yield 20% annual returns). With this “burning” of assets they manage to stabilize and raise the price of the Luna cryptocurrency. Avalanche
The cryptocurrency Avalanche gave 10% profit to its investors and is trading at $ 118.79.
Solana on Twitter
