Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Solana co-founder Anatoly Yakovenko published a whitepaper describing Proof of History, a technique that would become critical to Solana's blockchain infrastructure, in Nov. 2017. 

Co-founder Greg Fitzgerald, who had worked with Yakovenko at Qualcomm, began prototyping the open source implementation of the whitepaper. It was published under the name Silk in 2018. 

After starting the company under the name Loom, Yakovenko, Fitzgerald, and other co-founders rebranded to Solana. Solana launched on Mainnet Beta in March 2020.

Solana was built to facilitate the development of scalable, user-friendly decentralized apps with low costs and high speeds for transactions.

Solana believes its unique blockchain architecture that combines the proof-of-stake consensus mechanism and its own proof of history mechanism is the key to achieving these goals.

Proof of history works almost like a cryptographic timestamp that proves that an event has occurred at a specific time. It enables the blockchain to work fast while maintaining security and decentralization.

There are about 304 million SOL in circulation as of November 2021. Solana has an initial inflation rate of 8%, which will decrease by 15% a year until it reaches a long-term inflation rate of 1.5%. SOL is Solana’s native token.

Solana competes with other blockchain platforms such as Ethereum and Avalanche to host crypto projects such as NFTs, decentralized exchanges, and gaming. 

Developers and users flocked from Ethereum to Solana due to high transaction costs, but many could gravitate back towards Ethereum if it manages to lower costs, which could happen as a result of the Ethereum 2.0 upgrade and layer 2 rollups. 

Solana.com
Docs.solana.com/history
Forums.solana.com

The price of Solana (SOL) is stuck between the moving average lines and is currently in a sideways trend. Price analysis by Coinidol.com.

Solana Remains Stable, Holds Above $85 Level

The Hong Kong Virtual Asset Consortium (HKVAC) has made some notable changes to its crypto indexes.

Hong Kong's Virtual Asset Consortium Adds Solana, Drops XRP in Top 5 Index

Ethereum

dogwifhat

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana-based memecoin. The analyst pseudonymously known as Bluntz tells his 236,100 followers on the X social media platform that the dogwifhat (WIF) memecoin could potentially appreciate by approximately 359% from the current level.

Top Analyst Predicts Solana-Based Altcoin To Skyrocket Over 350%, Says Ethereum Flashing ‘Very Bullish Signal'

Bitcoin

Bitcoin BTC and cryptocurrencies—including top ten coins ethereum, XRP XRP and solana—have fallen sharply despite a huge $10 trillion bitcoin price bet.

$100 Billion Bitcoin And Crypto ETF Price Crash Suddenly Accelerates After Serious Fed Warning—Hitting Ethereum, XRP And Solana

The latest dog-themed meme coin on Solana (CRYPTO: SOL) reporting explosive growth. What Happened: Myro is up 35% in the last 24 hours and a stunning 101.2% in the last seven days.

This Is Solana's New Dogcoin Superstar: From Zero To Over $100M Market Cap In 60 Days

Crypto analyst and trader Ali Martinez says that one Ethereum (ETH) rival could soar even higher after putting up big gains. Martinez tells his 40,300 followers on the social media platform X that Solana (SOL) may be printing a bullish pattern that could lead to a more than 65% increase from its current value.

Ethereum Rival That's Up Over 470% Primed To Continue Its Rally, Says Crypto Trader – Here's Why

An MEV arbitrage bot operator earned $1.8 million from a single transaction bundle on the Solana network.

Solana-based MEV bot earns $1.8 million after back-running memecoin trader in seconds

Someone spent $8.6 million worth of SOL to buy 15.92 million dogwifhat (WIF) on Jan. 10 — at a near immediate loss.

Trader drops $8.6 million of SOL on memecoin dogwifhat in a single trade

Top digital tokens soar as spot bitcoin ETF's first day of trading kicks off and the market swoons with expectation.

Solana, ETH and XRP soar as spot bitcoin ETFs lift entire crypto market

Cardano

Bitcoin BTC and cryptocurrency prices, including top ten coins ethereum, BNB BNB , XRP XRP , solana and cardano, have rocketed higher following the approval of long-awaited bitcoin spot exchange-traded funds (ETFs)—despite fears they could destroy bitcoin "completely."

Crypto Suddenly Surges On Huge $4 Trillion To $10 Trillion Bitcoin ETF Bets—Boosting The Price Of Ethereum, XRP, BNB, Solana And Cardano

Some market watchers have termed the trade a possible “marketing stunt,” one that could have drawn attention to WIF as prices took a hit in recent weeks.

Trader Buys $9M of Solana Meme Coin Dogwifhat, But Loses Over 60% to Slippage

A closely followed crypto trader thinks that one Ethereum (ETH) challenger may be on the cusp of a breakout rally. Crypto trader Ali Martinez tells his 40,000 followers on the social media platform X that Solana (SOL) is forming a bullish continuation pattern on the hourly chart.

Crypto Trader Predicts Rally Toward ‘Ambitious' Level for Ethereum Rival, Updates Outlook on Cardano and XRP

Solana traders are jumping on the Bitcoin ETF news. The meme tokens, unsurprisingly, crashed shortly thereafter.

Degens Are Already Trading 'Bitcoin ETF' Meme Coins—On Solana

Saga Monkes NFTs were airdropped free to Solana Saga owners this week, and they're already selling for more than the phone itself.

Solana Saga Owners Got a Free NFT—Now They're Selling for Over $1,000

Solana (CRYPTO: SOL), the star performer among altcoins in 2023, may see a significant dip shortly, according to prominent analysts. Some are eyeing a dip into the $70s as a potential long-term entry point.

Solana Winter Coming? Whale Traders Target This Range For 'Great Entries For The Long Run'

A widely followed crypto strategist is updating his outlook on Ethereum (ETH) competitor Solana (SOL). Pseudonymous crypto strategist Pentoshi tells his 738,500 followers on the social media platform X that SOL could dip in the coming months by more than 40% from its current value.

Analyst Issues Solana Warning, Predicts Deep Correction for SOL in Coming Months – Here's His Downside Target

Another day, another exclusive benefit for Solana Saga phone buyers. This time, it's an airdrop of Samoyedcoin (SAMO).

Solana's SAMO Meme Coin Spikes 24% Amid Airdrop for Saga Phone Owners

Shiba Inu

Amid all the optimism surrounding spot Bitcoin ETF approval likely coming on Wednesday with a possible start to trading on Thursda y, some altcoins on the board are also witnessing a surge in the past 24-hours of trading. What Happened: Solana (CRYPTO: SOL) is trading 6.3% higher while Avalanche (CRYPTO: AVAX) is up 3.9%.

Shiba Inu Burn Rate Sees 588% Surge, 1,300% Growth In Whale Activity; Solana Monthly Active Developers At 2,500

Bitcoin BTC and major cryptocurrencies such as ethereum, XRP XRP and solana have rocketed in recent months as the market braces for a $17 trillion earthquake.

SEC Issues Sudden Warning As Bitcoin ETF Race Primes Crypto For A $17 Trillion Earthquake—Boosting The Price Of Ethereum, XRP And Solana

The Solana Foundation attributed increased developer retention to enhanced tooling and educational resources within the ecosystem.

Developer retention in Solana ecosystem increased in 2023, foundation reports

Bonk

The Solana (CRYPTO: SOL) based meme cryptocurrency, Bonk (CRYPTO: BONK), has experienced a resurgence, climbing 30% over the past 24 hours after a decline that followed its year-end rally. What Happened: In the last 24 hours, BONK surpassed the performance of other meme coins such as Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin (CRYPTO: PEPE), which recorded gains ranging from 5% to 11%.

Solana-Based Meme Coin Bonk Makes A Comeback, Surging 30% As Market Eyes Bitcoin ETF Approval

Solana (CRYPTO: SOL) dropped 1.4% in the past 24 hours, extending its losses over the previous seven days to 9.9%. Solana-based memecoins are particularly hard-hit by the correction, taking much heavier losses than established memecoins.

Solana Drops 9.9%, Solana Memecoins Tank Over 20%: Is This The End Of The Dogecoin Killers?

The demand for Solana-based memecoins has decreased in the past week as major tokens continue to retrace December's gains.

Bonk falls 70% from all-time high as memecoin demand on Solana decreases

1/8 update below. This post was originally published on January 6

Huge Bitcoin ETF Insider Leak Powers Bitcoin Price Surge Over $45,000 After $1.6 Trillion Ethereum, XRP, Solana And Crypto Boom

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Solana announces its expansion to Brazil, Tether seeks to expand in Venezuela, and Bitcoin Argentina advises to receive bitcoins in the upcoming asset regularization process.

News for Solana Crypto (SOL)