Solana (SOL) prices have surged, driven by positive market sentiment and recent technical progress on the blockchain.Analysts attribute the price rally to a combination of factors, including post-FTX relief, Bitcoin dominance, and advancements in the Solana blockchain’s technology. Solana’s Price Momentum Gains Steam In the dynamic world of cryptocurrency, Solana has recently marked a significant upturn in its price. The SOL token, native to the high-performance Solana blockchain, witnessed a notable increase, peaking at $58.68. This surge represents an over 8% rise from its intraday low, reflecting a growing bullish sentiment in the market. Diverse Factors Fueling Solana’s Rally Several industry experts have weighed in on the reasons behind Solana’s recent price movements, highlighting a variety of driving forces. Tim Enneking, managing director of Digital Capital Management, notes two primary factors: a relief rally following the FTX debacle and significant technical advancements on the Solana chain. These improvements include reduced node hardware requirements and increased compatibility with zero-knowledge proofs. In contrast, Marouane Garcon, cofounder of The Real-World Asset Exchange, emphasizes the broader influx of capital into the crypto space. He points out that Bitcoin’s rising dominance and sustained asset inflows are revitalizing market momentum and liquidity, which positively impacts cryptocurrencies like Solana. Industry Insights and Solana’s Outlook Aaron Golbin, Founding Partner at LvlUp Ventures, provides a broader perspective, attributing the recent upturns to seasonal bullish trends, easing economic concerns, and ongoing excitement in the crypto and web3 sectors. Despite a downturn in venture capital funding, the sustained development and optimism in blockchain-based products indicate a long-term positive outlook for cryptocurrencies like Solana. Pierce Crosby, General Manager at TradingView, offers a more personal view. He credits the strength of the Solana team and its long-term vision as key factors in the rising market sentiment around the project. Crosby also highlights Pyth, a price oracle built on Solana, as evidence of the blockchain’s high throughput and execution efficiency, further underscoring the technical prowess of the SOL chain. Conclusion: A Convergence of Factors The recent uptick in Solana’s price is a convergence of various elements, from market sentiment shifts and Bitcoin’s performance to significant technical enhancements in the Solana blockchain. This composite of factors underlines the complex and interconnected nature of the cryptocurrency market, where multiple streams of influence converge to shape the trajectory of digital assets like Solana. DISCLAIMER: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Solana

SOL ran past the resistance around $56, with the RSI indicating more upside for the token. If Solana continues to attract institutional capital, SOL may hit a new yearly high.  If profit-taking begins before $60, the $53.93 support may prevent SOL from a nosedive. Solana (SOL) tapped $58.47 again after the altcoin followed the upward direction of the broader market on November 28. This increase could be attributed to Bitcoin’s (BTC) initial jump above $38,000 on the same day. While Bitcoin has retraced from the said value, SOL was once again the top gainer out of all the top 10 cryptocurrencies as per market value. According to the SOL/USD 4-hour chart, the cryptocurrency was able to flip the $53.93 support. However, during its upward run, SOL faced a barrier at $56.31. But with bulls in control of the market, SOL was able to beat the resistance while eyeing a fresh weekly high. Indicators like the Relative Strength Index (RSI) signal a potential for more upside. Bulls Send Bears Into Extinction At press time, the RSI was 60.22. This reading was largely above the neutral 50.00 point, indicating a clear bullish momentum for SOL. Should this buying momentum continue and the bearish presence continue to exit the market, then SOL may retest $60. The Moving Average Convergence Divergence (MACD) also showed that the token’s upside potential was greater than the possibility of a slide. This was because the MACD had crossed into positive territory.  But for SOL to hit $60 or more, the 12-day EMA (blue) needs to move higher than the 0.14 reading. At the same time, the 26-day EMA (orange) needs to continue languishing in the red area to confirm the uptrend. SOL/USD 4-Hour Chart (Source: TradingView) Institutions Have Eyes on SOL Besides the technical aspect, the macroeconomic view revealed that there is a lot of institutional interest in Solana and products linked to the project. At one point, CoinShares, the digital asset investment group, reported that the capital inflow into Solana investment products almost exceeded that of Bitcoin. In its recent Digital Asset Fund Flow report released on November 28, CoinShares noted that SOL was the altcoin, apart from Ethereum (ETH), with the highest share of inflows. The report noted that the weekly inflow allocated to Solana investment products was worth $3.5 million. Digital Asset Fund Flow (Source: CoinShares) The rise in inflows is proof that retail players were not the only participants watching SOL’s movement closely. If institutional capital continues to flow into Solana, then there is a chance that the cryptocurrency may hit a new Year-To-Date (YTD) high. However, bulls need to watch out for profit-taking which could be the play of some short-term traders. Should some selling pressure appear, SOL’s price may drop. But if the $53.93 support retains its place, the cryptocurrency’s next leg up could surge past $65. The post Solana (SOL) Eyes a $60 Retest But Here’s What It Requires appeared first on Coin Edition.

At the moment, the price of Solana, which is now trading at $58, is making an effort to break past the resistance level that is indicated at $59. The fact that SOL is seeing a rebound in bullishness makes it conceivable for the market to stage a rally. Since the beginning of the month, Solana has had inflows totaling $40.2 million, which is over half of what Ethereum has been able to do. Investors have been constantly impressed by the sustained increase of the Solana price over the course of the past year. This attitude has also been shared by institutions, which have declared SOL their cryptocurrency of choice since it was introduced. Thuslana is able to secure institutional support During the week that ended on November 24, Solana received inflows that were the equivalent of roughly $3.5 million. Despite the fact that this does not appear to be a big amount, it is much higher than the sum of all the other cryptocurrencies' inflows combined. Additionally, this $3.5 million was added to the monthly flows, increasing the total amount of money received up to this point in the month to $40.2 million. In comparison, Ethereum reported inflows of around $99.6 million over the same time period, which means that Solana is roughly half of the home of the decentralized finance community. In this respect, the other alternative cryptocurrencies can not even come close to competing with Litecoin, which reported outflows equivalent to $0.6 million, and Ripple (XRP), which reported outflows amounting to $2.4 million. One cryptocurrency, Cardano, has reported inflows of $2.1 million that are not related to SOL. It is clear from this that Solana is now the cryptocurrency that is performing the best when it comes to institutions, and it has the potential for a long-term rise that is far bigger than that of other cryptocurrencies. At a significant resistance level, the price of Solana As of the time of this writing, the price of Solana is trading at $57, which is challenging the barrier that is set at $59. Since quite some time ago, this line has been put through its paces as a resistance. SOL would be able to break through the $60 threshold and establish new highs for the year 2023 if this line were to be switched into a support floor. The Relative Strength Index (RSI) is now located in the bullish zone, which is above the neutral line. This indicates that the price indicators are indicating the possibility of a climb. Additionally, the Moving Average Convergence Divergence (MACD) indicators have also shown a decrease in the number of red bars, which indicates that bearishness is becoming less prevalent. An upward momentum would be verified if the bars were to flip above the neutral line and a bullish crossing was observed. #SOLPriceAnalysis #Solana📈🚀🌐 #koinmilyoner In the event that the breach is unsuccessful and adverse momentum continues to build, the price of Solana would see a favorable fall. This would bring the alternative cryptocurrency closer to $50 and put the support around $46 to the test. The bullish thesis would be rendered incorrect if this line were to be lost, which would result in a drop below $40.

Quicktake: Wake is a Python-based Solidity development and testing framework with built-in vulnerability detectors. It was used in audits by Ackee Blockchain and is now being open-sourced and free to use for everyone. Security experts are on high alert, as history shows that hack risks increase as market activity rises. Open-source tooling like Wake empowers application builders to conduct swift and thorough checks for code vulnerabilities.   Battlefield-proven audit tooling goes open-source Ackee Blockchain, a team of smart contract auditors and creators of community tools, introduces Wake, a Python-based development and testing framework for Solidity and cross-chain fuzzing with a proven track record of stopping bugs. Wake’s features include a development and testing framework, a fuzzer, vulnerability detectors, and printers. Wake was previously used in smart contract audits performed by Ackee Blockchain for IPOR, Axelar, and Solady and helped the auditors find critical, high, and medium bugs. The firm has announced it will make the tool open-source to contribute to a safer blockchain space.   Security experts on alert as market activity rises As DeFi activity rises, hackers see more lucrative targets and grow emboldened. In bull markets, projects often rush to ship product updates, creating a high demand for experienced smart contract auditor services. In the peak of the 2021 bull market, projects were typically quoted three month+ audit wait times by reputable firms. They then face a difficult decision to delay launches amid frenzied “land grabs” or launch with hastily conducted audits, increasing security risks. After a week when crypto funds saw their highest inflows since the 2021 bull market and DeFi volumes rose by approximately 50%, security experts are on higher alert. Wake’s release is timely – it allows application developers to expertly test the smart contracts of DEXs or any protocol that plugs into their service or upon which they are reliant.   Designed to generate fewer false positives and reduce manual audit time On top of being the testing framework, Wake allows users to run static analysis. It has a set of ready-to-use high-precision vulnerability and code quality detectors and ready-to-use printers for extracting and pretty-printing useful information such as smart contract control flow and inheritance graphs. “A common problem of static analysis tools is a high false-positives ratio requiring extra manual investigation time. Our philosophy is to include only the most precise detectors and reduce all noise that creates extra overhead,” – Josef Gattermayer, CEO and co-founder of Ackee Blockchain.  Wake underwent performance testing with other frameworks, namely Hardhat, Brownie, and Ape, on three different development chains – Anvil, Ganache, and Hardhat. Wake proved to be the fastest Python framework.  The new release of Wake allows the customization of detectors and printers. It also allows third parties to create and implement their custom printers and detectors. The newest version also introduced Github action for automatically executing detectors in a pipeline. “The low false-positive rate, fastest industry test execution, and ready-made GitHub action make Wake an ideal candidate for CI/CD integration in every project” – Josef Gattermayer, CEO and co-founder of Ackee Blockchain.  Wake powers Tools for Solidity, a popular Visual Studio Code Solidity extension that does syntax highlighting and detections from Wake vulnerability and code quality detectors and provides instant feedback to the developers using the extension access to all references of a symbol across the whole project.    About Wake Wake is a Python-based development and testing framework for Solidity and cross-chain fuzzing with a proven track record of stopping bugs created by Ackee Blockchain, which became possible thanks to a grant Ackee Blockchain received from Coinbase in 2022.  To learn more, please visit getwake.io. Website | Twitter | Telegram   About Ackee Blockchain Ackee Blockchain is a team of security researchers auditing top-tier protocols: Safe, 1inch, Axelar, LayerZero, Trader Joe, or CoW Protocol.  Ackee Blockchain is backed by the largest VC fund focused on blockchain and DeFi in Europe, RockawayX, and received grants from the Ethereum Foundation, Tezos Foundation, Coinbase, and Solana Foundation. Ackee Blockchain’s mission is to build a stronger blockchain community by sharing knowledge: the team runs a free certification course School of Solidity, School of Solana and teaches at the Czech Technical University in Prague. This mission is also fulfilled in initiatives such as the ERC-7512 draft, developing the Wake toolkit, or the open-source fuzzer for Solana. Website | Twitter   For media inquiries or further information, please contact marketing@ackeeblockchain.com Disclaimer: The information provided in this press release is not a solicitation for investment, or intended as investment advice, financial advice, or trading advice. It is strongly recommended that you practice due diligence (including consultation with a professional financial advisor) before investing in or trading securities and cryptocurrency. The post Wake: New Open-Source Tooling on Ethereum to Stop Bugs appeared first on Visionary Financial.

Solana and Tron, two top cryptocurrencies in the industry have weathered the latest crypto market storm. Despite their recent gains in Uptober, analysts have forecasted more gains in the coming months. On the other hand, the crypto community is moving towards a new coin called Everlodge. Its staking and lending services have captured the attention of the crypto community. Solana (SOL) Inflows From Institutional Investors Increases  Solana (SOL) has experienced remarkable growth this year, with its native Solana token rising 465% since the start of 2023. Interestingly,  Solana has garnered attention from institutional investors, amassing over $135 million in investments this year. As reported by CoinShares, digital asset investment funds witnessed a combined influx of $176 million in the past week. In their most recent report, CoinShares disclosed that the weekly investment flow into Solana-related products witnessed a notable uptick It rose by about 10% from $12.4 million to $13.6 million. Meanwhile, Solana’s price is trading at the lower part of the $52.92 to $67.50 range. Solana coin has recorded 18 green days out of 30 with a 25.06% price volatility over the last 30 days. Traders and crypto enthusiasts are expecting a strong break above $60 and then $70. Tron (TRX) Price Prediction  Tron (TRX) was one of the few coins that maintained a bullish price trajectory for the most part of 2023. The Tron market cap has grown to $9.0 billion, making it the tenth-largest coin. In addition, the Tron price has recaptured the psychological level of $0.10. Furthermore, with a year-to-date growth rate of 100.3%, Tron’s TRX has established itself as a top-performing coin. Tron’s price is currently trading in the $0.100928 to $0.106316 range, according to CoinMarketCap. Tron coin seems to have a solid footing, poised to remain above the $0.10 threshold. On a more positive outlook, Tron cryptocurrency could skyrocket to the $0.15 milestone. Conversely, in the event that bears seize control, the next support level to monitor stands at $0.’085. Analysts Bullish About Everlodge (ELDG) In addition to Solana and Tron, analysts are also bullish about Everlodge (ELDG). Everlodge is an upcoming marketplace that aims to transform villas and hotels into fractional NFTs traders to purchase at a lower cost. Importantly, the value of these NFTs is linked to the properties they represent. So, as the property’s worth increases, the value of your NFT holdings grows as well. Furthermore, Everlodge has plans to introduce a lending feature for traders in need of quick loans. You can use your NFT assets as collateral to get fast loans, something that is not possible with traditional banks. We're thrilled to announce that our website just got a makeover! 💻 Check out the fresh look and discover the NEW features we've added. It's all about making your experience even better! Plus, remember that our Presale is still ON. Explore now: https://everlodge.io #RWA https://twitter.com/EverlodgeHQ/status/1716543605576241503/photo/1 — Everlodge (@EverlodgeHQ) November 24, 2023 As of now, the ELDG token is priced at just $0.025. Analysts predict a 3,000% increase in ELDG’s value as a result of its practical applications in the $280 trillion real estate business. Everlodge has a lesser market capitalization than cryptocurrencies such as Solana and Tron. This increases the likelihood of major price growth. Everlodge has also launched a Christmas Meme Contest to increase community participation. The contest will be concluded on December 4th. Participating in the contest provides you with an opportunity to win exciting prizes with no entry fee. Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

The post Solana (SOL) and Chainlink (LINK) Prices Pumping But New Coin Raises Over 650k! appeared first on Coinpedia Fintech News As the cryptocurrency market navigates through the final months of 2023, a significant development is capturing the attention of investors and market analysts alike: the potential approval of a Bitcoin ETF. According to a report by Coinbase, the Bitcoin market cap has already swelled by 40% since October, and the approval of a Bitcoin ETF is expected to drive billions more in capital inflows. This anticipation has sparked a frenzied bull run among cryptocurrency investors, who are eagerly awaiting the decision. In this evolving landscape, Solana (SOL) and Chainlink (LINK) have emerged as significant players whose prices show considerable momentum. Amidst these established names, a new coin, ScapesMania, is making headlines by raising over $650,000, signalling a growing interest in innovative and emerging cryptocurrencies. Summary  ScapesMania: A new cryptocurrency making moves with its innovative approach and successful presale, raising over $650,000 and showing potential for significant growth upon hitting major exchanges. Solana (SOL): Experiencing a surge in decentralized exchange trading volume and a 42% increase in Total Value Locked, indicating robust growth despite price fluctuations. Chainlink (LINK): Marked by a 220% increase in active addresses, reflecting growing network activity and user engagement, with a price trend suggesting potential for future growth. ScapesMania: The Rising Star in the Crypto Universe Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.  Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania’s proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there’s an active discount of close to 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast. When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it’s the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible. Join Presale at a Discount on the Official Site Solana (SOL): Growth in the Decentralized Exchange Sphere The Solana (SOL) ecosystem is currently experiencing a significant upswing in its decentralized exchange (DEX) trading volume. This surge has led to a record-breaking trade volume exceeding $3 billion, with top DEXes like Orca and Raydium showing a remarkable 70% growth. Additionally, Solana (SOL) Total Value Locked (TVL) has seen a substantial increase of 42% since early November, indicating robust growth in the ecosystem. Despite the vibrant activity in its DEX sector, Solana (SOL) price has been experiencing fluctuations within a range of $26.75 to $44.35. The 10-Day Moving Average stands at $58.12, while the 100-Day Moving Average is at $29.53. These averages suggest a volatile yet upward trend in the market. The support levels are currently set at $15.05, providing a safety net against significant price drops. On the other hand, resistance levels are observed at $50.27 and $67.87, marking potential thresholds for price surges. The future of Solana (SOL) appears promising, given the robust activity in its DEX market and the increasing TVL. If the price maintains its momentum above the support levels, particularly the $15.05 mark, it could indicate a bullish trend in the short term. The key for Solana (SOL) will be to sustain and capitalize on its DEX market growth while navigating the market’s inherent volatility.  Chainlink (LINK): Network Expansion and Market Dynamics Chainlink (LINK) has been making significant strides in the crypto market, marked by a 220% surge in active addresses. This increase reflects a growing user base and heightened network activity. The decentralized nature of Chainlink (LINK), which provides off-chain data to on-chain smart contracts through its oracles, is a key factor in its rising popularity and market momentum. Currently, Chainlink (LINK) price is oscillating between $8.30 and $13.22. The 10-Day Moving Average is positioned at $14.21, indicating recent bullish trends, while the 100-Day Moving Average stands at $8.88, suggesting a longer-term stabilization in its price. The support levels for Chainlink (LINK) are notably at $0.33 and $5.25, providing a considerable cushion against downward trends. Conversely, resistance levels are observed at $15.09 and $20.01, which could serve as critical thresholds for future price escalations. Looking ahead, Chainlink (LINK) appears to be on a path of potential growth, buoyed by its increasing network activity and user engagement. If Chainlink (LINK) can maintain its momentum above the higher support level of $5.25, it may continue to attract investor confidence, potentially leading to a bullish market outlook. The challenge for Chainlink (LINK) lies in sustaining its network growth and translating this into consistent market performance, especially in a landscape where competition and market volatility are ever-present.  Conclusion As the cryptocurrency market approaches the end of 2023, it is poised for a transformative phase, largely driven by the anticipated approval of a Bitcoin ETF. This development is expected to attract significant capital inflows, further energizing the market. In this dynamic environment, Solana (SOL) and Chainlink (LINK) have emerged as key players, demonstrating strong market momentum and growth potential. Additionally, the remarkable presale success of ScapesMania underscores the market’s appetite for innovative and emerging digital assets.  The newcomer coin is poised to rise even more and it feels like the original promise of x500% was an understatement. x500% is only just the beginning! Twitter | Telegram