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In a daring forecast, the co-founders of the well-known cryptocurrency analytics firm Glassnode, operating under the X account Negentropic, have predicted that Solana (SOL) could surpass Ethereum (ETH) by an impressive 500%. Jan Happel and Yann Allemann, the masterminds behind Glassnode, conveyed their positive outlook on Solana ’s potential to outperform Ethereum. They drew inspiration from a recent interview featuring macroeconomist Henrik Zeberg and Global Macroinvestor CEO Raoul Pal. Positive Projections for Solana The optimistic perspective on Solana from Glassnode’s founders emerged during a discussion regarding the potential for a substantial rally in the SOL/ETH chart. In an interview exploring risk-adjusted returns, the co-founders were asked about their preferences for a $10,000 investment over 12 months. This came with a focus on Ethereum and Solana. Pal and Zeberg, after analyzing Solana’s recent performance trend, expressed confidence in its signific...

Solana creator Anatoly Yakovenko says the company has only sold a tenth of the Saga phones it needs to sell to decide whether or not it has a core user base. Speaking to Unchained, Yakovenko confirmed that the company has sold somewhere in the region of 2,500 phones but needs to shift between 25,000 and 50,000 before developers start to come on board and create applications for the handset. According to Yakovenko, there are internal discussions happening within the company to decide the best course of action but he hinted that the phone ’s future may be as a much cheaper secondary device for iPhone users looking for a smart wallet. Yakovenko himself says he uses an iPhone for work and his Saga phone as his “NFT phone .” The Solana chief also hinted that the changing tech landscape will have an influence on the phone ’s future — if it has one. “What’s also changed over the last year and a half is that mobile interfaces like progressive web apps and passkeys, have really s...

The cryptocurrency market is abuzz with anticipation as attention turns to the potential approval of spot exchange-traded funds (ETFs) for leading cryptocurrencies Bitcoin and Ethereum. This development has infused a renewed sense of optimism into the market, suggesting a potential resurgence of the bull run. As the second week of November unfolds, three notable cryptocurrencies are drawing the focus of investors as the top ones to watch. It presents compelling arguments for extended recovery if the prevailing bullish market sentiment endures. Also Read: Crypto: 47 Nations Embrace Framework for Tax Compliance Solana (SOL): Exceptional Performance Solana (SOL) has emerged as a standout performer this week, demonstrating a notable gain of 36.7% in the week concluding on Nov. 12. The majority of these gains materialized on Friday, Nov; 10, with a surge of 25.2%. This upswing is linked to the heightened attention to projects being developed on the Solana network. Despite SOL r...

Bitcoin and most major altcoins are selling-off on rallies, proof that investor sentiment remains negative in the short-term. The United States stock markets are trying to recover on reports that the debt ceiling talks are showing promise and a debt default may be avoided. However, the same enthusiasm is not seen in the cryptocurrency markets. Bitcoin (BTC) has slipped back below the $27,000 support on May 17, indicating that buyers are struggling to sustain the relief rallies. Institutional investors seem to be booking profits due to the macro uncertainty. CoinShares’ Digital Asset Fund Flows Report shows a total outflow of $200 million from digital asset investment products in four consecutive weeks. Daily cryptocurrency market performance. Source: Coin360 While the short-term picture remains negative, the chart structure on Bitcoin has not been broken. Bitcoin has corrected about 15% from its local high of $31,000 made on April 14 but it remains above $25,000, indicating that the w...

The Solana Foundation has launched a real-time carbon emissions tracker to monitor the Solana blockchain. The Solana Foundation, in collaboration with Data platform Try carbon ara, announced the launch of a real-time tracking dashboard to measure carbon emissions on the Solana block chain .  1/ Today, the Solana Foundation is leading the charge in the climate fight by making Solana one of the first blockchains to have its emissions measured in real time, thanks to a new data portal created with TryCarbonara. Learn more: https://t.co/k4QsZmtjHn pic.twitter.com/gqPwpKtv3u — Solana (@solana) April 21, 2023 According to a blog post from the foundation, this represents the first “major smart-contract blockchain” to measure carbon emissions in real-time. The organization hopes this will spur a trend towards carbon emissions transparency in the blockchain ecosystem: “The Solana Foundation hopes to set a new standard for measuring emissions in blockchain by publishing this data.” The n...

After a network-wide slowdown left users frantic, Solana released plans to improve its latest network upgrade. The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network update on Feb. 25, as it went into reset mode. As an immediate response to transaction disruptions, validators downgraded the software to up performance levels. However, on Feb. 28, Anatoly Yakovenko, the founder and CEO of Solana Labs, released another statement as to how the ecosystem plans to improve its recent network upgrades. The major focus of the plan is on stability as the network continues its transition.  2022 priorities were shipping new Features and new tools. 2023 is stability. Tldr 1/3 of core eng is going to be focused on stability and adversarial testing. Here’s my thoughts. https://t.co/Z6pR9hhYbP — toly (@aeyakovenko) March 1, 2023 The statement laid out a 6-step plan for engineers to follow to help streamline the process and revealed that a...

Meme coins have emerged as an integral part of the crypto ecosystem. Even though it all started with the launch of Dogecoin [DOGE] several other assets inspired by it have been taking over the market. Shiba Inu [SHIB] for instance witnessed parabolic growth since its launch. However, a new meme crypto seems to be dominating the crypto space. Earlier today, social intelligence tracker, Lunar Crush shared a poll asking the community to guess the meme coin with the highest number of social engagements. As expected the Shiba Inu Army veered in and cast their votes. Shiba Inu garnered 61.8 percent votes while the others ranged from 12-13 percent. Which doggy #memecoin has the highest number of social engagements today? 🤫 Answer: https://t.co/Sc0mIvl8ZA — LunarCrush (@LunarCrush) January 10, 2023 The Shib Army was wrong. Solana’s brand new meme crypto, BONK took over social media. Despite being fairly new to the market, the asset stood at par with Bitcoin ...

The team had previously announced the move, but had not revealed the cash deal. The team behind y00ts and DeGods were paid $3m to move their collections off Solana and onto Polygon, according to a January 6 announcement from the company. The statement was made on Discord and copied to Twitter by Frank III, founder of the two project s. Here is a screenshot of our latest @y00tsNFT Discord announcement. pic.twitter.com/qWxjBsexv6 — Frank III (@frankdegods) January 6, 2023 The developers had previously announced on Dec. 27 that the projects would be moving to Polygon. This was widely seen as a possible death blow to the Solana network, as the network was already under pressure due to fallout from the collapsed FTX exchange. However, there was no evidence at the time that the y00ts team had received money in exchange for making the move Let’s check the temperature on #solana now that the top 2 NFT projects are leaving $SOL. Is Solana dead? — Ben Armstrong (@Bitboy_Crypto) Dec...