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Many of us agree:
With most cryptocurrencies down and struggling to hold their support, SOL was up by 6.2% in the last seven days. In retrospect, both Bitcoin [BTC] and Ethereum [ETH] were down by almost 29% over the last week. Furthermore, Solana seemed to be back among the market’s top-10 cryptos too.
Assessing the state of SOL after Solana’s latest ‘real solutions’ release
https://ambcrypto.com/assessing-the-state-of-sol-after-solanas-latest-real-solutions-release/
Buying big down here. Superb opportunity to make (or lose money of course) but I am convinced certain Crypto currencies will bounce back VERY HARD. Buy & Hodl is the model.
Bought a lot more in the past 24 hours or so. I believe Solana's future is very, very bright indeed.
Tripled my SOL holding this week. Far too attractive not to at this price and SOL's increasing credibility.
Not Trippin': Solana Overtakes Ethereum in Daily NFT Trading Volume
Solana NFTs generated more money than Ethereum’s during a 24-hour span due in large part to the launch of the Trippin’ Ape Tribe collection.
In brief
Solana NFT sales generated more money than Ethereum NFTs during a 24-hour span, per data from CryptoSlam.
The newly-launched Trippin’ Ape Tribe project on Solana is leading all NFT projects in trading volume over the past day.
https://decrypt.co/101342/solana-overtakes-ethereum-daily-nft-trading-trippin-ape-tribe
“Pharma Bro” Martin Shkreli Is Bullish on Solana, Ethereum and Algorand
https://u.today/pharma-bro-martin-shkreli-is-bullish-on-solana-ethereum-and-algorand
Solana - “While market cap and revenue declined by 30% and 43.5%, respectively, the network experienced continued uptrends in usage, quantified by average active unique fee payers (+28.4%), average transactions per second (+94.8%), and total average daily transactions (+4.2%).”
https://ambcrypto.com/solana-sol-is-holding-above-50-after-the-terra-debacle-but-this-could-happen-next/
Ferrum Network...Integration with Solana...Cross-Chain Token Bridge
https://roadmap.ferrum.network/b/cross-chain-token-bridge/integration-with-solana/
https://roadmap.ferrum.network
https://ferrum.network
Glitter Finance Creates Algorand-Solana Bidirectional Bridge
https://coingape.com/glitter-finance-creates-algorand-solana-bidirectional-bridge/
Glitter Finance, cross-chain bridge connecting Algorand and Solana announces IDO on Solstarter
https://blocktelegraph.io/glitter-finance-cross-chain-bridge-connecting-algorand-and-solana-announces-ido-on-solstarter/
https://glitter.finance
https://solstarter.org
https://algorand.foundation/news/glitter-finance-grant-award
Solana is still relatively "young". True it's been going down due to DOS and minting bots more often than most would like but it gets built back stronger each time.
I look at Solana as a long term investment. It's still in it's learning stage. If it were mature, never went down, at it's 50,000+ transaction per second and transaction cost of a tiny fraction of a cent.. it's tokens would be selling for more than ETH....in the thousands of dollars.
Solana developers share 3 key mitigation steps to make the network robust
Only coin I know can go offline/down consistently and stay in existence, lol
And get a million dollar coin replacement donation from a major theft-hack.
I may sell this'
sompin don't smell right
e
Ready Layer 1: A Dialogue with Blockchain Protocol Pioneers
https://www.cryptobahamas.com/agenda
Wednesday
Apr 27 9:50 am-10:25 am
FTX Stage
Ready Layer 1: A Dialogue with Blockchain Protocol Pioneers
SPEAKER(S):
-- Anatoly Yakovenko | Co-Founder,Solana
-- Illia Polosukhin | Co-Founder,NEAR Protocol
-- Silvio Micali | Founder,Algorand
MODERATOR:
Brett Harrison | President,FTX US https://ftx.us
cryptobahamas live...Solano and Algorand speakers 4-27-2022
Starting in 1 hour at @CryptoBahamas! @silviomicali will be joined by @aeyakovenko of @solana and @ilblackdragon of @NEARProtocol and moderator @Brett_FTXUS for the panel, Ready Layer 1: A Dialogue with Blockchain Protocol Pioneers.
— Algorand Technologies (@Algorand) April 27, 2022
📺 https://t.co/LP5aHnOvWp pic.twitter.com/kW0BImDYLh
Solana 7-day Active Addresses Surpass BSC & ETH
"Solana is becoming a favorite blockchain for many in the crypto space. This is evident by the increasing number of users on the network. Recent Nansen data shows that the number of active addresses on Solana for the last 7 days has surpassed that of Binance Smart Chain. This is a major achievement as BSC is one of the top blockchains and one of the first to provide an option to Ethereum."
https://thecryptobasic.com/2022/04/19/sol-7-day-active-addresses-surpass-binance-chain-as-solana-phantom-wallet-launches-on-android/
I sold 2/3s my VET near .08 bought under a penny in 17-18 and grabbed more SOL...
Lets Rock!
Actually think may sell everything except ETH/SOL
maybe hold onto lil matic/doge to'
e
Solana poised to become First Quantum Safe Crypto.
TORONTO, ON – April 5th, 2022. 01 Communique Laboratory Inc. (TSX-V: ONE; OTCQB: OONEF) (the "Company" or "01"), has been commissioned to develop the World’s First Quantum-Safe Blockchain designed for Tokens, NFTs, Smart Contracts for the Metaverse, De-centralized Finance (DeFi). It is expected that this best-in-class quantum-safe blockchain will be resilient against cyber adversaries, including quantum attacks.
Blockchain technology is vulnerable to cyber-attacks, including quantum threats. A recent crypto hack reported a loss of over $300 million due to hackers forging a wrong signature to fake a transaction[1]. These hacks have now become commonplace and it is anticipated that the introduction of quantum computing will increase them dramatically.
After an extensive global search, a consortium of highly successful crypto experts has selected the Company as their technology partner and Post-Quantum Cryptography (PQC) provider. The consortium (Talent Summit) is pursuing the new blockchain aggressively and is planning a Proof-of-Concept (PoC) within three months. The PoC of this new venture is the first step towards protecting the de-centralized eco-system.
“01 has taken a minority position in Talent Summit and in addition will be compensated for the development project by way of a payment of $250,000 cash plus a 10% royalty for the ongoing share of the “Tokens” per transaction,” said Andrew Cheung, the President and CEO of 01 Communique.
01 will protect the integrity of this state-of-the-art blockchain by using its patent-protected, quantum-safe, IronCAP™ technology. In addition to being quantum-safe and supporting smart contracts, this new blockchain is aiming at high-performance with the ability to process tens of thousands of transactions/second (TPS).
“This revolutionary blockchain is essentially a transformation of the proven Solana blockchain into a quantum-safe version to be incorporated in Tokens, NFTs, Smart Contracts for Metaverse, DeFi, and more”, said Andrew Cheung.
Looks like the ole' " Whale Walls order book spoofing" trick used by whales.
Whale Walls
The Whale Wall technique used to be frequently visible in prior Bitcoin cycles, somewhat less prevalent but still happens on shady exchanges. In the old economy, this technique used to be called order book spoofing. It is a tactic where a market participant will place a large set of orders with no intention of ever having executed, the intent is to create the illusion of large demand or supply in the market. Order book spoofing was used in the commodities market in the past and even reputable old economy institutions have been in trouble for executing these techniques. I have seen this in the crypto markets during the cycles of 2013 and 2017 when whales built up large buy and sell walls on the order books of exchanges, when I saw these back then I was inclined to react e.g., I saw 3000 BTC orders which triggered me to sell and it spoofed my analysis back in 2013 catching me off guard. Older, wiser, and more experienced from those days for sure!
What probably occurred was a whale accumulating BTC secretly while markets were hitting sell orders, the sell wall suddenly vanishes as the whale pulls out his order after consummating the act. This can also happen with whales building buy walls to spoof analysis in the other direction making you think there is supported to hold up selling pressures. The triggering of bullish sentiment makes people assume long positions and then liquidation grenades explode. Whale walls and spoofed order books can create exponential profits for whales, as the same people take positions on futures markets too. They profit from volatility in a derivative market by manipulating price discovery in spot markets. This has become a lot easier to catch and mitigate against nowadays given all the data, exchange features, and alerts now available.
The manipulation technique succeeded in driving Bitcoin down from approximately 32K to just under 30K. The newbies panicked and sold but, many of these bitcoins were picked up by smaller retail buyers and more accumulation on-chain continues.
https://www.linkedin.com/pulse/common-crypto-manipulation-techniques-nitin-kumar-
Opera integrates Bitcoin, Solana, Polygon and five other blockchains
Under the Crypto Browser project initiative, Opera's multi-chain compatibility aims to ease the introduction of Web3 to more than 380 million mobile and desktop users worldwide.
Opera, one of the major crypto-friendly internet browsers, announced the integration of eight blockchains in a continued effort to introduce Web3 to more than 380 million mobile and desktop users worldwide.
https://cointelegraph.com/news/opera-integrates-bitcoin-solana-polygon-and-five-other-blockchains
Grayscale Investments Creates Smart Contract Fund for Solana, Avalanche, Polygon, Cardano
"Cryptocurrency asset manager Grayscale is expanding its line of investment funds to include non-Ethereum smart contract tokens.
The Grayscale Smart Contract Platform ex Ethereum fund, or GSCPxE for short, allows investors to opt-in to some of the largest smart contract networks and Ethereum sidechains. The fund is composed of the altcoins Cardano, Solana, Avalanche, Polkadot, Polygon, Algorand, and Stellar".
https://decrypt.co/95635/grayscale-investments-creates-smart-contract-fund-solana-avalanche-polygon-cardano
Holding also. Just looking at FTX’s DD on SOL will make most buy and hold. Sam Bankman-Fried is a huge advocate of SOL and it’s future.
I'm still a holder. The VCs are heavy here'
Ground-breaking news could happen any time.
imo
Guy at Coin Bureau holds BTC/ETH/SOL/LUNA/MATIC only.
makes me feel better
e
SOLANA PAY: A PAYMENTS PLATFORM THAT WILL OVERTAKE PAYPAL?
"Solana Pay, a new payments protocol....provides a specification that allows the consumer to send digital dollar currencies, such as USDC, from their wallet directly into the merchant’s account, settling immediately with costs measured in fractions of a penny. This embeds loyalty, offers, and rewards in the same messaging scheme and becomes true building blocks for the future of commerce."
https://www.analyticsinsight.net/solana-pay-a-payments-platform-that-will-overtake-paypal/
Leak Reveals Biden’s Crypto Plans—Sending The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP, Terra’s Luna And Avalanche Higher
"A presidential executive order on cryptocurrencies would 'support responsible innovation' as it coordinates U.S. policy across agencies," Treasury secretary Janet Yellen wrote in a statement that was briefly published on Tuesday evening before being removed but not before being spotted by Coindesk reporters.
The webpage now reads: "Access denied—You are not authorized to access this page."
"The order seems relatively benign, hence giving the market some clarity," Marcus Sotiriou, an analyst at the U.K.-based digital asset broker GlobalBlock, wrote in an emailed note. "As many investors had prepared for the downside risks of this event by waiting on the side lines, we are seeing many buy bitcoin back in what appears to be a spot-driven rally."
https://www.forbes.com/sites/billybambrough/2022/03/09/leak-reveals-bidens-crypto-plans--sending-the-price-of-bitcoin-ethereum-bnb-solana-cardano-xrp-terras-luna-and-avalanche-higher/?sh=618802e630f9
Solana price prediction based on it being a conservative 20% the price of ETH:
https://dailyhodl.com/2022/02/11/crypto-analyst-makes-bullish-solana-sol-predictions-for-each-year-until-2030-here-are-his-targets/
Been buying the hell out of this dip. Under $100 is insanely attractive given the likelihood that Solana reaches $1,000+
This leaves a huge niche for SOL to fill.
Vitalik Buterin: Ethereum Will Likely Never Be Much Faster
https://cryptobriefing.com/vitalik-buterin-ethereum-will-likely-never-be-much-faster/
This leaves a huge niche for SOL to fill.
Vitalik Buterin: Ethereum Will Likely Never Be Much Faster
https://cryptobriefing.com/vitalik-buterin-ethereum-will-likely-never-be-much-faster/
Not if we go to war lol
Crypto community with 85% historical accuracy sets Solana price for Feb 2022
"A CoinMarketCap community with a success rate of 85% is projecting that SOL will trade at $165 by the end of February 2022, a growth of over 77% from the assets current value. The prediction is based on votes by 11,456 community members."
https://finbold.com/crypto-community-with-85-historical-accuracy-sets-solana-price-for-feb-2022/
DeFi Technologies Subsidiary Gets Nod to List Solana ETP on Frankfurt Exchange
"o A new exchange traded product that tracks the price of Solana’s native crypto has begun trading on the German exchange Boerse Frankfurt Zertifikate AG under the identification number A3GU9Y
o The ETP provides traditional investors exposure to the crypto within a regulated and “fully backed” environment"
https://blockworks.co/defi-technologies-subsidiary-gets-nod-to-list-solana-etp-on-frankfurt-exchange/
Solana Labs launches Solana Pay, a payments protocol for digital commerce
"The protocol, called Solana Pay, will let merchants accept crypto payments directly from consumers."
https://www.theblockcrypto.com/post/132644/solana-pay-launch-payments-protocol-digital-commerce
Solarium - The new decentralized Instant Messenger
Demo video, 6:34 min.)
Reasd msg #214....... lol
Is Solana the Next Crypto Investment For Institutions?
- Open interest for SOL futures contracts grew more than 400% in the past six months — from roughly $150 million in August to nearly $800 million this month
- Solana serves as a “natural hedge” to owning Ethereum, according to Two Prime Co-Founder Alexander Blum
https://blockworks.co/solana-volume-soars/
NFTs See Massive Growth Despite Crypto Market Downturn
While the carnage in digital assets goes on, NFT sales surged over 25% since last week. At one point earlier today, NFT sales were up closer to 90% week-on-week before cooling off slightly, according to cryptoslam.io.
https://www.coinbureau.com/news/nfts-see-massive-growth-despite-crypto-market-downturn/
Where Are Web 3.0 Developers Turning?
Electric Capital Developer Report (2021)
"We fingerprinted nearly 500K code repositories and 160 million code commits across Web3 to create the 2021 Electric Capital Developer Report."
https://medium.com/electric-capital/electric-capital-developer-report-2021-f37874efea6d
Solana is more decentralized than BTC or ETH:
Proof-of-Work Networks, and previously Solana was mentioned as having a higher Nakamoto Coefficient. For Proof-of-Stake networks, the measure is slightly different. The threshold to control them sits at 33% of the stake (token supply being staked). According to the Solana Website, it takes 19 validators to compromise the network — putting the coefficient significantly higher than Bitcoin or Ethereum.
Solana is five times more decentralized than Bitcoin and Ethereum; however, it’s worth noting that hash rate on PoW networks is a lot more liquid than assets staked. During an attack on PoW networks, miners could instantly remove hash power from the offending pool, whereas unstaking SOL can only happen with a significant time delay.
The Nakamoto Coefficient — an attempt to quantify Decentralization
https://minima.global/blog/the-nakamoto-coefficient-an-attempt-to-quantify-decentralization
WoW!! ihub Solana level 2 is on fire!!
https://ih.advfn.com/stock-market/COIN/SOLUSD/level2
This might help Solana get more recognition. And they don't even mention the transaction cost differences.
JP Morgan analysts issue warning, Ethereum could lose NFT market share to Solana
o Ethereum market share in NFTs has dropped 15%, according to JP Morgan's recent report.
o Ethereum's scalability issue and high transaction cost drive developers and investors to Solana.
o The Wall Street giant has warned users of Ethereum network congestion risk in NFTs.
o Analysts believe that the Ethereum price trend is bearish in the short term.
https://www.fxstreet.com/cryptocurrencies/news/jp-morgan-analysts-issue-warning-ethereum-could-lose-nft-market-share-to-solana-202201200702
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