SOLANA Crypto Is Exploding | What are the Reasons of Solana`s unstoppable RISE? SOL NEWS & Potential
SOLANA Crypto Is Exploding | What are the Reasons of Solana`s unstoppable RISE? SOL NEWS & Potential
00:00 - Introduction
01:31 - SOL Live Price Data
02:07 - Solana NEWS
08:29 - SOL Price Prediction
09:01 - My thoughts
The price of Solana’s SOL experienced a 80% gain in the last 30 days, while btc is up 28% over the same period.. The question here is. Is the rally a tandem move with Bitcoin,or is it being driven by other factors?
Well, I am happy to say that a portion of the move was due to improving fundamentals.
solana the fifth-largest cryptocurrency (excluding stablecoins) by market capitalization has developed into one of the most promising new crypto projects in the market and is known for its scalability, speed and lower transaction fees.
Some degree of confidence among investors has clearly emerged. This movement coincided with a successful upgrade to version 1.16, which introduced a “gate system” to ensure the gradual activation of new features on the network. This process helps maintain network stability and prevents issues caused by sudden changes.
Another notable change in this update is “confidential transfers,” which use zero-knowledge proofs to encrypt transaction details, enhancing user privacy. The release also includes improvements in RAM usage for validators, resizable data accounts and a mechanism to identify corrupted data.
Overall, this update brings improved efficiency, privacy and security to the Solana blockchain, marking a significant milestone in its development.
NEWS
1. The FTX estate seems bullish on Solana, as it staked over 5.5 million SOL on Oct. 13. According to on-chain data, an FTX-identified wallet sent the coins to Figment, a staking validator firm for institutional investors.
2. The Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre (DMCC), one of the free economic zones in the United Arab Emirates.
3. Solana wallet provider Solflare has integrated MetaMask Snaps to let MetaMask users manage their Solana portfolio directly from the popular crypto wallet.
4. The global payments firm Visa has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain.
5. E-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin stablecoin payments.
6. MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off a fork of Solana’s codebase, not the Ethereum Virtual Machine (EVM), despite its long-running ties with Ethereum.
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