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Crypto
SOL
Orca(ORCA)

$4.35

-5.95%

Market Cap
N/A
 

Volume (24h)
5.14m
 

57.23%

Released on 05 Aug 2021
Khac Vy
Khac Vy
How to track real-time Orca events
4 days ago
Crypto
SOL
Jito(JTO)

$1.84

-1.90%

Market Cap
216.22m
 

-1.90%

Volume (24h)
28.12m
 

14.76%

Released on 07 Dec 2023
Crypto
SOL
Zebec(ZBC)

$9.54e-3

0.12%

Market Cap
40.34m
 

0.12%

Volume (24h)
7.16m
 

3.22%

Released on 15 Mar 2022
TopCryptoNews
TopCryptoNews
followers

Solana is gaining market share in all key blockchain industries like Decentralized Exchanges (DEX), gaming, and Decentralized Public Infrastructure (DePIN). In this case, it has become the biggest layer 1 competitor to Ethereum, which has long dominated these industries. Orca and Jupiter’s market share Jupiter and Orca, the two biggest decentralized exchanges in Solana, have moved into the top ten in terms of volume. According to CoinGecko, Jupiter handled over $353 million in volume in the past 24 hours, making it the second one after Ethereum’s Uniswap V2. Its monthly site visits have jumped to over 6.6 million, meaning that it is growing in popularity. As shown below, Jupiter’s normalised volume has jumped in the past few weeks. Orca, on the other hand, had over $217 million in volume in the past 24 hours, making it the third-biggest DEX in the world. Like Jupiter, its normalised volume has been in a strong upward trend in the past few months. The most popular assets traded in the ecosystem are Wrapped Solana, USDC, Jito Staked SOL, and Jupiter’s JUP. These exchange volumes mean that Solana is finally moving to an industry that Ethereum has dominated for a long time. A closer look at the volume flows also show that the other popular decentralized exchanges in the industry are PancakeSwap, dYdX, THORSwap, and Trader Joe. Solana’s market share in DePIN Solana is also growing its market share in other industries. For example, it has become the biggest player in the Decentralized Public Infrastructure (DePIN) industry. Helium a DePIN network in its ecosystem, has continued to gain share in the broadband sector. Render Network, which was previously in Ethereum, is providing decentralized GPUs while Hivemapperis disrupting the mapping industry that is now dominated by the likes of Google and Apple. All this explains why Solana has outperformed Ethereum in the past few months. While Ethereum has just doubled in the past 12 months, Solana is up by over 400% and the trend could continue in the near term. Solana vs Ethereum Developers and users love Solana because of its strong speeds in that it can handle over 3,000 transactions per second (TPS). Ethereum can barely handle 50. Also, it has much lower transaction costs. However, one of the biggest challenges that Solana goes through is outages. Last week, it had a long outage that disrupted transactions in the network. $SOL $JUP #SOL #jup #Write2Earn #TrendingTopic

14 days ago
blockchain_boss hodl
blockchain_boss hodl
Crypto
Market Cap
38.63m
 

-1.29%

Volume (24h)
1.52m
 

-49.60%

Released on 12 May 2021
Hourly Crypto Update: LCX, WIF, ORCA, CGPT, NAKA Experience Significant Price Drops
MinMax AI
MinMax AI
about 1 month ago
CoinCodex
CoinCodex
followers

 Key takeaways: Algorithms forecasts Solana (SOL) price, predicting potential 400% gains to over $500 by January 2025. VanEck sees potential for SOL to hit $3,000+ by 2030 based on increased Layer 1 dominance and developer share growth. Key partnerships with Shopify, Spotify etc. are bringing crypto payments and services to mainstream companies on Solana's blockchain. Previous Bitcoin halvings ignited bull markets, so the 2024 halving could similarly propel Solana's price exponentially higher into new highs. Solana (SOL) has emerged as one of the most promising cryptocurrencies, captivating investors with its lightning-fast speeds and low transaction costs. After a rocky 2022, Solana is staging a powerful comeback in 2024. That being said, Recent bullish developments across multiple fronts suggest its price could be gearing up for an exponential rally, especially following the highly anticipated Bitcoin halving in 2024. Now, our algorithm has released a bullish 1-year price forecast for SOL, with a potential 400% gain, surpassing $500 by January 2025. Let’s analyze the factors that could propel this token to new highs over the next 12-18 months.   Solana’s Blockchain Leads the Field in Speed and Scalability At the core of Solana’s investment thesis is its class-leading transaction speeds. By combining proof-of-history and proof-of-stake, Solana achieves upwards of 65,000 transactions per second with 400 millisecond block times, surpassing networks like Ethereum and even Visa. These lightning-quick speeds are attracting developers in droves as the cheaper and faster transactions unlock new possibilities for building seamless web3 experiences. Everything from NFT marketplaces to prediction markets and gaming operates at scale. Moreover, according to a Jan 9, 2024 report, over 2,500 active monthly developers now build on Solana, making it one of the most vibrant communities in crypto. As more innovators flock to the ecosystem, the pace of advancement will rapidly accelerate. Low Fees Unlock Usability at Scale Solana’s speed also enables negligible fees, with transactions costing a fraction of a penny on average. In addition, the low transaction costs make Solana incredibly mainstream-friendly. Apps built on Solana can be used by anyone including in developing nations without pricing out users. The inexpensive fees also unlock more creativity in areas like NFTs, gaming, social networking, and Web3 applications. Vibrant Community Drives Rapid Adoption  Despite being launched in 2020 by Solana Labs, Solana has quickly built one of the largest and most passionate communities in the crypto space. The ecosystem now boasts over a hundred active projects spanning DeFi, NFTs, Web3, and more. Some of these projects include Jupiter, Orca, Jito and so on. As said earlier, there are currently over 2500 monthly active developers building on Solana, which competes closely with Ethereum. Venture funding flowing into Solana-based startups has also exploded, totaling over $245 million in 2022. With this, it's safe to say that the vibrancy and creativity of Solana’s community will play a key role in driving mainstream adoption. As more users flood into Web3, Solana’s developer momentum positions it well to capture this growing market. Major Partnerships Bringing Crypto to Mainstream Recently, Solana has prioritized partnerships with traditional businesses by integrating with several major mainstream companies and platforms including Shopify, Visa, Spotify and others to further drive adoption and usage of Solana blockchain. By providing the blockchain infrastructure for crypto payments and tokenization, Solana unlocks easy access points for mainstream users. As these integrations advance, Solana could be the backbone for mainstream crypto adoption by billions of people across e-commerce, social media, payments and content platforms. Dominance in NFT and DeFi Markets  Beyond the underlying technology, Solana is rapidly gaining market share in two of crypto's hottest sectors, NFTs and decentralized finance (DeFi. Solana's NFT volumes recently surged, ranking after Ethereum, thanks to popular NFT marketplaces like Magic Eden. Fast minting speeds and negligible gas fees make Solana the chain of choice for NFT drops. And its DeFi ecosystem is expanding at light speed, with total value locked surging to over $7 billion. NFT Sales Volume in the last 24 hours showing Solana tailgating Ethereum sales volume/ Image Source: CryptoSlam As asset flows increasingly shift to Solana to capitalize on faster and cheaper transactions, the value of the underlying SOL token will rise. These cutting-edge upgrades will accelerate Solana’s speeds, lower costs further, and strengthen the platform's security as adoption grows. This provides investors confidence in the long-term viability of the network. Investment Firm VanEck Forecasts $3000+ Long-Term  In addition to our algorithm prediction, established financial institutions are also growing increasingly bullish on Solana. Investment management firm VanEck recently released a report detailing a highly optimistic long-term outlook. Last November, VanEck's base case predicts SOL hitting $3000 by 2030. This assumes increased Layer 1 dominance and growth in Solana’s developer share. More aggressive assumptions could push SOL as high as $9000 in an upside scenario. VanEck believes Solana is uniquely positioned to win as blockchain apps move into the mainstream. The network’s scalability makes it well-suited for consumer-facing crypto projects with millions of users. Solana Data Throughput Comparisons with other Blockchains / Image Source: VanEck Historic Bitcoin Halvings Fuel Bull Markets Now, let’s examine how the upcoming Bitcoin halving could supercharge Solana’s price performance. First, a quick recap on halvings. They occur every 4 years and reduce Bitcoin’s block reward by 50%. The previous halvings in 2012,  2016 AND 2020 kickstarted Bitcoin's most parabolic bull runs. Many experts anticipate 2024’s halving will ignite the crypto market again. Bitcoin’s gains have historically had a spillover effect, lifting altcoins like Solana exponentially higher. So it's safe to say this effect should amplify SOL’s gains. If the 2020 halving is any indicator, Solana could ride the Bitcoin wave up over 600% in 2024 based on analysis from previous market cycles. Bottom Line: Solana Primed for Lift-Off After Next Bitcoin Halving In conclusion, With an incredible momentum, Solana appears well-positioned to capitalize on the next Bitcoin halving cycle and continue its parabolic ascent. If it continues in this pace together the effect of the upcoming Bitcoin Halving. It’s no doubt the token will seize new highs.

11 days ago

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