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I agree....significant run ups almost always produce some selling (fibonacci retracements). Some people sell because they expect this and it just feeds on itself. I use these dips as a buying opportunity. I loaded a lot of Cardano in these cases. Cardano has excellent long term potential with it's speed and security. It'll be taking a good chunk of ETH market share for sure; esp. DeFi/Smart contracts and gaming.
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
Charles Hoskinson cheekily admits: ‘I was wrong’ about DApp rollout
"Co-founder of Cardano blockchain Charles Hoskinson has cheekily admitted that his July 2020 forecast of the number of decentralized applications (DApps) coming to the blockchain has not yet come to fruition.
Referring to his famed July 2020 tweet, Hoskinson tweeted on Wednesday: “Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds."
https://cointelegraph.com/news/charles-hoskinson-cheekily-admits-i-was-wrong-about-dapp-rollout
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
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/
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/
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.)
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
An ETH whale just bought 99,999 Link. ($1,931,999 USD).
https://watcher.guru/news/an-ethereum-whale-just-bought-99999-tokens-of-this-altcoin
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
Compare the two:
Bitcoin Returns Reach Over 70% in 2021, Outperform Gold and Stock Market for Third Straight Year. Despite 2021 having been a wild ride for cryptos — and Bitcoin finishing the year lower than expected — the crypto outperformed both gold and the stock market for the third year.
Link here
Solana's ROI for 2021 11,634%
(It can also say "... Despite 2021 having been a wild ride for cryptos — and Solana finishing the year lower than expected — the crypto outperformed both gold and the stock market..."
https://www.outlookindia.com/website/story/business-news-know-about-10-crypto-coins-that-gave-highest-returns-in-2021/407566
What's in your crypto wallet?
"Solana’s Return on Investment (ROI) is huge compared to Ethereum, based on price analysis.
Let’s consider that an investor invested $1000 both in SOL and ETH on January 01, 2021. At that time the price of SOL and ETH were $1.52 and $738 respectively.
However, the investor could have purchased 1.36 ETH and 657.89 SOL.
The recent cryptocurrency price surge created high profits for investors. According to CoinGecko, the SOL and ETH price is $50.87 and $3,511 respectively, at the time of writing. This means investors gained a profit of $3,731 in ETH and $31,894 in SOL. As such, this shows that SOL offers a higher ROI compared to ETH. Also, this indicates that SOL has a fantastic future ahead."
https://coinquora.com/solana-provides-better-return-on-investment-than-ethereum/
A good sign of Solana's potential:
Solana has had "a 5x multiple to just under 900 monthly active developers, and the developer count is now outpacing Ethereum at the same stage of its growth cycle."
https://finance.yahoo.com/news/healthiest-chart-crypto-developer-count-170228320.html
This may be interesting to some:
Solana Validators
https://www.validators.app/
JPMorgan says Ethereum is losing ground to rivals in the NFT market, which could boost the likes of Solana
o High gas fees and congestion have pushed NFT apps away from the ethereum network, JPMorgan said.
o The bank's analysts found Ethereum's NFT volume share has fallen from 95% at the start of 2021 to around 80%.
o If the trend continues, it could start hitting Ethereum's price, JPMorgan's markets team said.
https://markets.businessinsider.com/news/currencies/ethereum-eth-killers-nfts-defi-solana-cardano-wax-crypto-investing-2022-1
Solana (SOL)Price To Hit $1270 In 2022 If It Breaks These Fib Levels!
o Solana’s price mimics the rally of Ethereum, it would even surpass $1000 if it continues to reflect.
o Solana is way better than the star altcoin as it possesses agile and reliable fundamentals.
https://coinpedia.org/altcoin/solana-solprice-to-hit-1270-in-2022/
DeFi data network Unmarshal doubles down on Solana, signs key adviser
"...in 2022, the decentralized finance (DeFi) network has added a key adviser, Brian Evans, to the team to strengthen the protocol.
Evans is an Inc. 500 Entrepreneur, Forbes top digital marketer, investor, and blockchain and crypto industry veteran. With his wealth of experience and connections, Evans, who is also a co-founder of ReBlock Ventures alongside Kenn.eth, boasts almost 1 million followers on Twitter. Evans and ReBlock will help Unmarshal become industry dominant by suggesting key initiatives and connecting high-level players."
Speaking on the appointment, Evans said, “They’ve managed to recruit top development talent — I can see this platform doing very well. I’m excited to open up my Rolodex and help them achieve large scale industry adoption.”
https://cointelegraph.com/press-releases/defi-data-network-unmarshal-doubles-down-on-solana-signs-key-adviser
Boxing Legend Mike Tyson Says He's 'All in' on Solana Crypto — Asks Fans How High SOL Will Go
"After announcing last week that he is “all in” on the cryptocurrency solana (SOL), he is now asking his 5.7 million Twitter followers how high they think the price of the crypto will go.
He tweeted Saturday,' “How high do you think Sol will go?”
https://news.bitcoin.com/boxing-legend-mike-tyson-all-in-on-solana-crypto-how-high-sol-will-go/
Congress announces a game-changing crypto bill while the price of Bitcoin, Ethereum, BNB, Solana, Cardano, and XRP declines
https://investorshub.advfn.com/secure/post_new.aspx?board_id=39447
Bank of America Says Solana Could Take Market Share From Ethereum, Become the Visa of the Crypto Ecosystem
"Solana could become the Visa of the digital asset ecosystem."
"...Solana’s differentiation from Ethereum is “proving successful,” Shah noted that the valuation gap provides an opportunity for Solana. Its Proof of History blockchain helps improve the performance of its Proof of Stake consensus mechanism, the Bank of America analyst opined, noting:
These innovations allow for the processing of an industry-leading ~65,000 transactions per second with average transaction fees of $0.00025, while remaining relatively decentralized and secure."
https://news.bitcoin.com/bank-of-america-solana-take-market-share-from-ethereum-visa-of-digital-asset-ecosystem/
Leading Solana DEX announces partnership with metaverse based finance protocol
The metaverse is more than a movie concept. It combines all digital experiences a user might encounter, replicating many of the actions one would take in the real world, including the purchase of property, homes and clothing, and the customization of one's own space and avatars.
However, unlike a virtual ecosystem in a game, the metaverse considers financial data management and other transactions that can keep an entire economy running and simulate what a user would encounter in the real world. Without it, users are likely to miss out on the completely immersive experience the metaverse can offer.
https://cointelegraph.com/news/leading-solana-dex-announces-partnership-with-metaverse-based-finance-protocol
Prosper Integrates Chainlink Keepers
"Chainlink offers secure smart contract automation through Chainlink Keepers, which recently launched on Binance Smart Chain (BSC) mainnet. This integration minimizes trust in core elements of Prosper’s markets to ensure reliable performance as Prosper builds a vast cross-chain liquidity solution for prediction markets.
Prosper is a non-custodial, cross-chain prediction market. It has developed a prediction platform where users can predict the outcome of on-chain events such as the price of an asset or off-chain events like sports outcomes, political events, and more."
https://medium.com/prosper/prosper-integrates-chainlink-keepers-7e02ae3c8050
Congrats....Link hodlers have almost 7 times the ROI over BTC hodlers for the last year.
(If that doesn't sound like a lot, imagine having $50,000 of BTC; return = $5000.
Now $50,000 invested in Link; return = $350,000.)
Now what about those multi-millionaires that invest heavily in BTC and not Link?
The most popular doesn't always have the best returns; nor the smartest investments.
The last year's return:
Binance.US Is Building an Office in the Solana Metaverse
Several crypto companies are setting up shop in Portals.
https://www.coindesk.com/tech/2022/01/09/binanceus-is-building-an-office-in-the-solana-metaverse/
Key drivers behind Chainlink’s exponential growth
https://cryptoslate.com/key-drivers-behind-chainlinks-exponential-growth/
Solana (and most other cryptos) should start to recover losses now:
Crypto Traders Reduce Leverage, Selling Pressure Subsides
https://www.coindesk.com/markets/2022/01/07/market-wrap-crypto-traders-reduce-leverage-selling-pressure-subsides/
I don't own BTC, but...
Crypto Traders Reduce Leverage, Selling Pressure Subsides
https://www.coindesk.com/markets/2022/01/07/market-wrap-crypto-traders-reduce-leverage-selling-pressure-subsides/