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

Despite the recent decline, the price of Solana (SOL) is above the moving average lines. Solana price analysis by Coinidol.com.

Solana's Price Uptrend Is Unstable As It Retests The $70 High

Dogecoin

A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that's currently under the radar.

Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin

The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed to honor 955,000 distinct Solana wallets that engaged with Jupiter, acknowledging their role as early adopters.

Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets

Bitcoin

New data reveals that crypto whales are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE) and XRP.

Whales Move Over $880,000,000 in Bitcoin, Solana, XRP and Dogecoin – Here's Where the Crypto's Headed

Bonk

Dog-themed cryptocurrencies, or dog coins, are currently outperforming the broader crypto market. The list includes Dogecoin (CRYPTO: DOGE), Floki (CRYPTO: FLOKI), Solana-native dog coin Bonk (CRYPTO: BONKI) and Shiba Inu (CRYPTO: SHIB).

Rally Alert: Solana Dog Token BONK Leads Dog Coins Surge — Will The Rally Peak Further?

Mad Lads has surged to become the leading Solana NFT project based on floor price—briefly topping DeGods on Ethereum too.

Solana's Top NFT Project Just Pumped 122% in a Week

Ethereum

Ethereum has dipped below $2,000 again—but the original meme coin is pumping.

DOGE Go Up: Ethereum and Solana Hit Hard By Sell-Off—But Dogecoin Makes Gains

The DEX aggregator is giving away 4 billion JUP tokens.

Nearly a Million Solana Wallets Are Eligible for Jupiter Airdrop

"If you look at Ethereum it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum," Wood pointed out.

Why Cathie Wood Is Bullish on Solana

Users across 27 blockchains are eligible for the massive drop, which kicks off Monday.

How to Claim the Pyth Airdrop for Ethereum, Solana, Aptos Users

Bankman-Fried's favored cryptocurrency has nearly doubled in recent weeks. Along with gains in bitcoin and other assets, the crippled exchange now seems to have sufficient funds to meet small-investor claims.

FTX Gets $1.8 Billion Boost From Soaring Solana And Bitcoin, Easing Path To Full Customer Payouts

The first phase of the airdrop will give one billion tokens to eligible Jupiter users with a minimum of $1,000 swap volume.

Jupiter unveils airdrop to over 950,000 wallets on Solana

Blockchain security company CertiK has identified a bootloader vulnerability in Solana's Saga phone, which represents Solana's inaugural Android device.

Solana Denies Certik's Claims Vulnerabilities on the Solana Saga Mobile Phone

Avalanche

Ethereum's native cryptocurrency, Ether (CRYPTO: ETH), has made a promising leap in the past 24 hours. What Happened: After a stumble that nearly brought the world's largest crypto down to $1,900, Ether has surged by more than 3% in the last 24 hours, reclaiming its stance above the $2,000 threshold and hovering close to $2,060.

Avalanche Or Solana, Which Of These Ethereum Killers Has Given Superior Returns This Year

Amid the rally in altcoins, Solana (CRYPTO: SOL) emerged as a top performer as investors saw value in the token. In September, Visa announced revolutionizing cross-border payments with Solana.

Solana Hits Year-High Level, ARK Invest's Cathie Wood Prefers Solana Over Bitcoin, Ethereum

Top performing among blue-chip cryptocurrencies, Solana continues to gain momentum, up more than 50% over the last week.

Solana's price spikes 18% day after Cathie Wood sings network's praises

Bitcoin and ethereum have remained stable on Wednesday, showing little change in their values recently. In contrast, solana (SOL) experienced a notable surge, climbing over 19% against the U.S. dollar, moving from a low of $52.92 to a peak of $63.32.

Solana Soars 19% Amid Market Consolidation, Commands Notable ‘Kimchi Premium' in South Korea

The spike comes a day after Ark Invest CEO Cathie Wood applauded its performance this year on CNBC.

Solana surges amid altcoin rally, nearly triples its price over the past month

Sunny skies for Solana? Forecast looks that way for now.

Here Comes the SOL: Solana Hits Another Yearly High

Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.

Solana-Based Stablecoin Remittances Get a Boost with CFX Labs' Fresh $9.5M Fundraise to Expand Globally

A widely followed crypto trader is predicting that Solana (SOL) will resume moving to the upside after a sudden retracement. Pseudonymous analyst Bluntz tells his 228,600 followers on the social media platform X that Solana could soar by more than 22% from its current value. Bluntz utilizes the Elliott Wave theory in his technical analysis.

Top Trader Predicts Bullish Continuation for Solana After Corrective Move, Says SOL Remains in Monster Uptrend

The tokens crossed $63, reaching a level previously seen in May 2022. Trading volumes spiked to over $3.5 billion, up more than 70% from average levels of $2 billion each day at the start of November.

Solana's SOL Jumps 20% as Investors Turn Bullish, Fears of FTX Sales Wane

On-chain analysis tool PeckShield's data indicated on Nov. 14, 2023, that FTX-labelled addresses had transferred 250,000 Solana (CRYPTO: SOL) worth around $13.5 million and $4 million in Tether (CRYPTO: USDT) stablecoins to crypto exchange Binance and trading firm Wintermute in the past eight hours. Price Action: In the past 24-hour trading, Solana's price has seen a 3% increase, taking its past seven-day trading gains to 27% and monthly gains at 155%.

Why Are FTX-Linked Wallets Transferring Solana, Despite The Significant Rally?

Macro guru Raoul Pal says that Ethereum (ETH) competitor Solana (SOL) is not done rallying even after soaring in recent weeks. In a new edition of Pal's Global Macro Investor (GMI) newsletter, the former Goldman Sachs executive says that Solana entered an uptrend after breaking out of a classic bullish pattern.

Solana (SOL) and Altcoins Still Have Massive Room To Rally, According to Macro Guru Raoul Pal

SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency.

News for Solana Crypto (SOL)