cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Solana (SOL)
Solana price, market cap on Coin360 heatmap

Solana(SOL)

Arrow icon
Add to watchlist
$37.8971
(11.95%)
0.00181580 BTC
Market Cap (Rank#9)
$13,096,299,965
627,496 BTC
Vol 24h
$720,834,225
34,538 BTC
Circulating Supply
345,575,455.91
Max Supply
488,630,611
6h agocryptopotato
German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter
The crypto winter is far from over. Its most recent victim is a german cryptocurrency exchange which is now insolvent: Nuri.
7h agocointelegraph
German crypto bank Nuri with 500K users files for insolvency
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.”
7h agocryptodaily
Raullen Chai says IoTeX and MachineFi Lab support the Ethereum merge
Citi Group calls the merge the most significant in crypto history since bitcoin launched JP Morgan analyst say that thanks to the merge, crypto has found its floor The news comes ahead of MachineFi Lab’s historic W3bstream launch IoTeX and its core developer MachineFi Lab have announced they are prepared to fully support the Ethereum Merge, which could happen as soon as 19 September 2022. IoTeX is among several other blockchain projects that have come forward, announcing its solidarity with Ethereum's Proof-of-Work (PoW) to Proof-of-Stake (PoS) switch. "The Ethereum merge is one of the most long-awaiting events recently in the crypto and blockchain space," said IoTeX CEO and Co-Founder Raullen Chai. "The entire IoTeX team and I are very excited about Ethereum's transition to a Proof-of-Stake protocol and have ensured we are technically, completely ready ahead of time to support the merge." Chainlink announced it would not support any PoW Ethereum forks and would only support the Ethereum PoS. It called for caution, warning that PoW-deployed smart contracts could behave unexpectedly during the merge. Tim Beiko, the Ethereum developer, leading the software development for merging the current Ethereum blockchain with the Beacon chain, a new proof-of-stake consensus layer, said Ethereum users would unlikely notice any differences in the network's operation. Kraken Intelligence's most recent Monthly Market Recap and Outlook says investor confidence in Ethereum is rising. At the same time, ETH volatility has decreased ahead of the merge, an upgrade that makes Ethereum more environmentally friendly. Chandler Guo, a prominent Chinese Ethereum miner, has expressed opposition to the merge announcing plans to hard fork, a move that Tron's Justin Sun has backed. New York-based banking giant Citi Group also commented on the merge, one of the most significant events in crypto history since Bitcoin launched. The financial institution said that ETH would transition into a deflationary asset among the consequences of the merge and set it on a potential road map to greater scalability through sharding. CoinShares released a report saying, "institutions are flocking to Ethereum for seven straight weeks as the merge nears."Ethereum saw inflows totaling US$16m and is enjoying a near seven-consecutive-week run of inflows totaling US$159 million," the report adds. "We believe this turn-around in investor sentiment is due to greater clarity on the timing of The Merge where Ethereum shifts from proof-of-work to proof-of-stake." According to a Business Insider article, JPMorgan analysts believe cryptocurrency has "found a floor." They argue that the "real driver has been the Ethereum merge and positive data following the launch of the Sapolia testnet in early July and Ropsten testnet in June, indicating the merge is viable in 2022." Investors highly anticipate the upcoming event, it added. The news comes ahead of MachineFi's impending W3bstream release. Launching the world's most advanced data oracle is another milestone in the crypto space that will disrupt the IoT sector by providing a decentralized alternative for the internet connectivity of billions of intelligent devices. As stated by Samsung Next, Draper Dragon, and Escape Velocity Ventures, MachineFi Lab investor, this new digital asset category will undoubtedly shake the Web3 reward economy. It will give back control to billions of people of their data and empower them with revenues of up to $3,000 annually, a figure that will significantly increase over time. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13h agocoindesk
Dormant Wallet Linked to Alex Mashinsky Used to Cash In on CEL Token Surge
The address attributed to the Celsius founder by Nansen and Arkham sold CEL tokens for the first time since Celsius froze withdrawals.
16h agocryptodaily
The Ultimate Guide To Zompot (ZPOT)
There is a new cryptocurrency in town that has been piquing people’s interest, Zompot (ZPOT) is all the rave, but what exactly is this token all about? What is Zompot (ZPOT)? The Zompot (ZPOT) project is built on the Binance Smart Chain infrastructure. It was created to provide its users with opportunities that are secure and multi-optional. Zompot (ZPOT) being built on the BNB smart chain gives it the advantage of a stable and reliable network with cheaper transaction fees. This is a project based on the use of sound strategy and planning with adequate preparation. When using Zompot, you can be certain that your investments are protected from inflation while being on a well-secured platform that also provides fast, secure and flexible transactions. Zompot (ZPOT) will protect its users from the shortcomings that are common in traditional financing. Not only is it good for the blockchain industry, but it was also created to be compatible with the Metaverse. The Zompot (ZPOT) Project also aims to assist businesses in countries that are dealing with the negative effects of some factors in the blockchain world. What Can You Expect From The Zompot (ZPOT) Ecosystem? There are a few things you can expect from the Zompot (ZPOT) ecosystem, one of which is; Security: The cryptocurrency space has experienced the loss of a large sum of money between the time span of 2018-2022, and these are just the incidents that are accounted for. The primary reason for these incidents was the result of hackers that were able to find a way to bypass the safety systems that otherwise surround the blockchain world, but with Zompot, security will be one of the main focuses of the network so the users can safely assume that their assets are being protected. Privacy: The blockchain technology can sometimes be vulnerable to a breach of privacy, with transactional details being leaked because of how visible it is to the public, this leads to user information and data being mishandled or misused but with Zompot, that is something that will be paid extra attention to, so the users of Zombot are apparently safeguarded. What Is The Main Purpose of Zompot (ZPOT)? It is no news that crypto is often a victim of volatility due to its original design and the way the cryptocurrency market operates. This can trigger multiple effects that affect the market, inflation is one of the most common and dangerous one. Zompot (ZPOT), however was created with the use of blockchain technology to combat the challenges that are currently being faced. It was built with the lofty intent of beginning a new world era in both currency and fiat. Zompot's (ZPOT) main goal is to solve the issue of security and privacy in the blockchain industry by providing users with a transparent version of all their transactions. Zompot has claimed that it has found a way to create a secure world for people involved in the blockchain industry and while it is a very promising token, it is still important to do your due research about it should you have any interest in purchasing it. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
16h agocryptodaily
Solana (SOL) And Polygon (MATIC); Manage Your Crypto Assets Better With Proprivex Token (PPX)
As a newbie in the world of cryptocurrencies, you may face an array of difficulties, such as managing your crypto assets. There are many complexities in managing, trading, lending, borrowing, and swapping assets that may take you a while to get the hang of. Proprivex Token (PPX) is offering its platform as the go-to choice for managing diverse portfolios from a single platform to ease the burden. This crypto portfolio management problem does not apply only to newbies in the industry. Even experienced users have to carry on with other activities or businesses in their daily lives. Unfortunately, this leaves little to no window for you to watch the market 24/7 for volatility, security, and other risks of the cryptocurrency market. Hence, Proprivex Token is built as a trading and portfolio management platform specific to digital assets and cryptocurrencies that vies to help users manage their diverse portfolios from a single platform. It automates the whole trading process and manages your assets, so its users do not have to worry about the many exchanges and wallets connected to the platform. Proprivex is intent on making sure blockchain crypto technology functions smoothly and is easily accessible to everyone. Proprivex Token seeks to encourage trust and bring about better adoption of cryptocurrencies for enthusiasts globally. But unfortunately, some enthusiasts have been deterred from crypto adoption by the failures of self-proclaimed crypto asset experts who say they manage investors' portfolios. This, and how mainstream media still perceives blockchain technology and crypto assets, make it easy for people to discredit the advantages of the industry. However, Proprivex Token is repositioning this perception by building an intuitive ecosystem. The ecosystem is tokenized by PPX, and will enable efficient and secure trading, staking, and management of diverse crypto assets with full-scale security. In addition, investors and users of the platform with large investments can buy into the services of experienced and expert asset managers overseeing their investments. How Does Proprivex Token (PPX) Compare To Solana (SOL) And Polygon (MATIC)? Solana is a blockchain network popular for its high efficiency, speedy transactions and other crypto-related activities on the platform. It was built to increase throughput beyond what other blockchains achieve while keeping costs low. As a result, Solana, tokenized by SOL, is one of the largest crypto platforms in the world. Polygon, tokenized by MATIC, is another popular blockchain network built to give developers blockchain tolls to enhance the speed and reduce the cost and complexities of transactions. Its MATIC tokens are used for its governance and fee payment, and the platform uses a modified proof-of-stake consensus mechanism to run. These platforms have one thing in common, which is decentralization, and in other words, this means you get to be in control of every activity you perform on the platforms. As a newbie or experienced crypto user, this can be quite challenging without proper guidance. Advanced platforms like these tend to deter new users when they need to figure out the space, which sometimes includes loss of assets. However, Proprivex gives you a platform where you can explore all these features without worrying about loss or failure. In addition, PPX holders benefit from the incorporated industry-leading digital asset management tools and hack-proof smart contracts on the platform. With Proprivex Token, users get a transparent exchange platform that yields low cost, manages various portfolios, and gamifies its ecosystem to enable users to earn PPX. What Is Proprivex Token (PPX) Built On? Proprivex is built on the Avalanche network for its lightweight, efficient, and super-fast network. In addition, the network enables Proprivex to remain carbon neutral regardless of transaction volume while charging low and competitive transaction fees. Conclusion Proprivex Token (PPX) lets its users make the best of their crypto portfolios while being less demanding and attracting minimal transaction fees. Purchase PPX today and be part of this scalable ecosystem. Proprivex Token (PPX) Presale: http://prop.proprivex.io/ Website: http://proprivex.io/ Telegram: https://t.me/ProprivexTokenOfficial Twitter: https://twitter.com/ProprivexToken Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
16h agocryptodaily
Invisible College and Nas Academy Leverage NFTs As An Admission Pass To Web3 Courses
Non-fungible tokens can provide tremendous utility to those owning these assets. Nas Academy and Invisible College take this concept further into the mainstream. Its new set of courses can be unlocked with an NFT collection, providing access to over $2,000 in educational material. Accessing Courses With An NFT Collection Enrollment in courses and educational content has become normal, even if technical issues may arise from time to time. Sometimes, users and students might not be able to access the content due to login issues, the system not deeming one eligible for access, etc. Those concerns can be circumvented by tokenizing access to courses through non-fungible tokens. More specifically, Nas Academy, the creator tech platform, will conduct an interesting test on that front. With the help of Invisible College, the team will let Decentraliens NFT collection holders access over $2,000 worth of course material. The educational tools will span various topics, including NFT investing, video editing, and crypto fundamentals. It is another solid example of how NFTs can unlock utility and offer quality of life improvements. Nas Academy CEO Nuseir Yassin explains: “Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.” Such a hands-on experience with web3 technology will put non-fungible tokens at the center of attention. Although the idea of using NFTs as a standard for content ownership and accessibility isn't new, it has yet to be implemented on a large scale. Invisible College members with a Decentralien NFT will explore this new frontier spanning nearly two dozen web3 and creator courses accessible through Nas Academy. Web3 And Education Make A Powerful Combo As the hype and enthusiasm surrounding web3 continue to reach peak levels, it is an excellent time to focus on the educational side of the spectrum. An exciting technology stack is always interesting, but ample use cases must exist. The partnership between Invisible College and Nas Academy confirms those use cases will come to market. Invisible College Co-founder Nick deWilde adds: “Lately, there’s been lots of debate about web3 use cases. The way we see it, combining a catalog of high-quality courses with an NFT collection is a fundamentally new way to empower students to own their education. And there’s no way we could have pulled it off without web3 technology. We also needed a forward-thinking partner who was willing to innovate with us. Fortunately, the Nas Academy team are just the type of crazy dreamers who could help us expand our vision and make it a reality." Both parties will deepen their collaboration by onboarding leading web3 instructors to create additional educational content for the platform. Ultimately, Invisible College wants to position itself as the biggest web3 learning library on the world wide web, across both the web2 and web3 iterations. Using NFTs as an "admission pass" for education is a very exciting frontier and the opportunities are virtually limitless. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
16h agocoindesk
German Crypto Exchange Nuri Files for Insolvency
Cryptocurrency exchange Nuri has filed for insolvency in a Berlin court.
17h agocointelegraph
Is your SOL safe? What we know about the Solana hack | Find out now on The Market Report
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss whether your SOL is safe or not.
17h agocryptosrus
Bitcoin realized price bands form key resistance as bulls lose $24K
Covered: BTC Price Bands BTC Price Bands Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin navigates whale price ladder Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after rejecting near $24,200. The pair had […] The post Bitcoin realized price bands form key resistance as bulls lose $24K appeared first on CryptosRus.
18h agozycrypto
Arcane Research Reveals Next Step For Ethereum Miners As The Merge Inches Closer
Arcane research outlined some possible routes left for Ethereum miners as they face obsoletion with the coming Merge.
19h agocryptodaily
Celsius CEO Under Investigation By Creditor Committee
The Celsius creditor committee has stated that it will be investigating the conduct of CEO Alex Mashinsky and other insiders. Committee To Investigate Celsius Debacle On July 27, the U.S. Trustee appointed the Official Committee of Unsecured Creditors for the bankrupt crypto lender Celsius Network. In its first official statement released on Monday, the committee revealed its intentions to conduct in-depth investigations into CEO Alex Mashinsky and other Celsius insiders on the grounds of problematic asset deployment decisions, prepetition transfers, and other issues. The seven individuals and institutional representatives who constitute the committee are Caroline G. Warren, Thomas DiFiore, ICB Solutions, Christopher Coco, Andrew Yoon, Mark Robinson, and Covario AG. They all hold digital assets in the Celsius platform and are highly motivated to maximize recoveries for all account holders and unsecured creditors. Celsius CEO’s Suspicious Behavior Mashinsky has been under a lot of fire for not being upfront about the conditions of the Celsius platform. However, as pointed out by the committee statement, he had continued to reassure customers about the stability of the Celsius platform even at the brink of bankruptcy. In fact, days before announcing bankruptcy, Mashinsky had claimed that the platform was successfully processing withdrawals, as it had more than sufficient reserves to support its operations. He also reassured the customers that all funds were well-protected on the platform under robust risk management frameworks. Barely a week later, Celsius paused all withdrawals, claiming a lack of liquidity. A month later, the company filed for bankruptcy. Committee Objectives In its statement, the committee declared that it had five main objectives, including the investigation of Celsius. It stated, “The Committee intends to thoroughly investigate the prepetition conduct of Mashinsky and other Celsius insiders, including the problematic asset deployment decisions, prepetition transfers, and other issues. The Committee has already started this investigation and will work to ensure causes of action against Mashinsky and others are preserved and prosecuted for the benefit of the Debtors’ estate and the Committee’s constituents.” Its other objectives include safeguarding account holders’ funds, overseeing the development of a viable business plan to preserve cash reserves, exploring strategic options to reorganize or sell the business, and establishing a clear line of communication with stakeholders. The committee has also set up a Twitter account to update the community on regular basis and will be engaging Kroll Inc. as its independent information agent. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19h agocryptodaily
Nvidia pre-announces awful earnings as Ethereum miners move away from GPU mining
As ethereum moves away from GPU mining intensive proof-of-work consensus and transfers over to minimal GPU use in proof-of-stake, miners are looking to sell off their GPUs into the market, destroying demand for Nvidia GPUs. Nvidia has just pre-announced its earnings for Q2, and they are looking extremely bad indeed. Quarterly revenue is predicted to be $6.7 billion instead of the $8.1 billion guide. Non-GAAP midpoint margins are 46.1% instead of the 67.1% guide. Gaming revenues are $2.03 billion - down 44% QoQ. According to an article on Seeking Alpha, Nvidia is now likely to report significantly lower earnings than expected for both Q3 and Q4 this year. Cryptocurrency-related sales have driven Nvidia’s earnings over time, and the fact that ethereum, hitherto the most valuable crypto for GPU-powered mining, is moving to proof-of-stake, is a punch in the solar plexus for the company. The ETH 2.0 merge is due to take place as early as September this year when the proof-of-stake code receives its final testing on mainnet. All being well, the mainnet will merge with the Beacon Chain and the transition to proof-of-stake will be complete. Boom time for ethereum mining GPUs will be over, and Nvidia, and all its partners will need to try and sell inventory at the same time that miners are also dumping their no longer needed machines into the market, meaning that demand for Nvidia GPUs will drop off a cliff. According to the article on Seeking Alpha, “the pain for investors has barely started.” It surmises that the continuing high valuation for Nvidia stock is because of the Russia/China demand factors. However, it states that the disappearance in the market of Ethereum GPUs will more than cancel out any potential demand here. “a lofty valuation may be unsustainable, especially with the Federal Reserve tightening aggressively. Investors should avoid the stock and wait for it to come down to a reasonable valuation before buying. Nvidia is a great company, but the deteriorating fundamentals do not justify the valuation.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
21h agocoindesk
Binance CEO Hits Back at 'Weak' KYC Claims
Binance has the most sophisticated KYC solution on the planet, CZ said.
23h agocryptodaily
Gnox (GNOX) Presale Expected To Be Sold Out By Mid-August. Ethereum (ETH), And Cardano (ADA) Spike In Price
ETH and ADA Price Spiking On Upcoming Renovations Both Ethereum (ETH) and Cardano (ADA) have been spiking as of late as crypto investors anticipate milestones such as Ethereum's “merge” which will finally take the blockchain off of proof-of-work and onto a proof-of-stake accounting mechanism. The merge is expected to reduce the amount of energy needed to run the blockchain by 99% while speeding up transactions. It won’t however, have much of an effect on the gas prices as they are solely based on network usage which is expected to only go up. ETH is currently priced at over $1500 and has risen more than 60% in the past couple of weeks. Cardano is on the verge of launching Vasil on its mainnet — the most important milestone in 2022. According to developers IOG, Vasil will offer Cardano platforms “significant performance and capability upgrades” and a better experience overall. ADA is selling at around 50 cents at the time of writing and has recently seen a 30% surge in price. Gnox (GNOX) Presale Is On Fire Gnox Token (GNOX) is now in Round 3 of its private, pre-launch token offering. The presale was divided into three phases with a certain amount of tokens allotted to each phase. At the end of each round, all unsold tokens are burned, thus raising the price for the next round. However, things didn’t go as expected. Round 2 actually sold out with days. The third phase runs until August 12th and is also expected to sell out. So if you want in on GNOX, now is the time. But what is the Gnox platform and why is it on fire before the platform has even launched. GNOX is the first DeFi token to have a real shot at mass adoption. Right now, if crypto investors want to build a diversified portfolio of assets, they have to go to do all of the research and then open an account on an exchange and buy the assets piecemeal. Furthermore, if you want to earn any passive income on the assets you have to learn the ropes of DeFi platforms that offer staking, lending, and pooling opportunities. It’s a lot of work and most people end up not getting the results they’re hoping for. GNOX changes all that. All you have to do to be invested in a diversified portfolio of crypto assets is buy and hold the GNOX token. Done. A team of professionals does all of the heavy lifting. You can think of GNOX as you might think of an ETF that gives you exposure to a basket of stocks. However, GNOX takes it a step further and offers ongoing passive income to all holders. The GNOX treasury (which is funded by a royalty on token sales) will be invested in top cryptocurrencies that offer passive income opportunities across several platforms and blockchains. The revenue will then be used to buy back and burn GNOX tokens on a monthly basis thus constantly reducing the supply. Moreover, a 1% royalty on all aftermarket sales will be airdropped back to all GNOX holders every hour. This means you can sit back and watch your stack grow throughout the day. This, on top of a constantly growing treasury that produces more and more passive income provides great incentive to get in as early as possible and hold for the long haul in order to create generational wealth. You can get in on the presale and learn more about GNOX on the Gnox.io website. Learn more about Gnox: Join Presale: https://presale.gnox.io/registerWebsite: https://gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_ioInstagram: https://www.instagram.com/gnox.io/ Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Everdome Secures US$10 million Investment Commitment from GEM Digital Limited
Dubai, UAE, 9th August, 2022, ChainwireEverdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based, digital asset investment firm, that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company, through a structured token subscription agreement. The announcement comes during a period of heightened activity for Everdome, particularly in terms of its product roll-out and the company’s auction of metaverse land plots. Since June 2022, a total of 11,700 plots (97%) located throughout the Everdome metaverse were sold throughout an eight-week auction experience. In total, plots were purchased for upwards of US$18.6 million, which is equivalent to 1,531,000,000 $DOME, Everdome's own digital currency. The average price of a plot of land in Everdome was 130,000 $DOME. Everdome will control the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation. At its discretion, Everdome has the ability to sell up to 200% of its average daily volume, in Tokens across multiple exchanges to GEM Digital. According to Rob Gryn, CEO and Founder of Everdome, the commitment from GEM will be used to strengthen Everdome's offering and ensure future sustainability in the business. "We're thrilled to partner with and achieve this investment commitment milestone with GEM, which confirms that we're on the right track as we seek to push new boundaries in the metaverse. This is the perfect time for us to put our foot on the gas and really grow our product, which GEM's investment commitment will help us to do. Everdome is in a very exciting place, and together with GEM we’ve taken the next step in order to build our metaverse ecosystem to the next level." GEM's investment will be focused on team growth and metaverse technological expansion and will see the game's virtual reality (VR) capabilities set on a fast track. Funds will also go towards boosting marketing efforts, partnership enablement, and investments that will aid Everdome's sustainable growth. Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE, which is widely viewed via rocket launches, to colonize Mars in Everdome City. The metaverse platform leverages cutting-edge 3D scanning technology and Epic Games' Unreal Engine 5 to deliver state-of-the-art, photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. Built on Unreal Engine 5, Everdome will deliver a real-world-extended experience- pulling on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in numerous industries. To learn more about Everdome, visit everdome.io. About Everdome Everdome is creating the most hyper-realistic metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly -ultimately creating the most realistic web3 experience. About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.ContactsHead of PRYousef BatterWhite Label [email protected]+971559356531
1 day agocryptopotato
Serenity Shield Launches First Cryptographic Sensitive Data Storage on Blockchain
[PRESS RELEASE – Paris, France, 8th August 2022] Serenity Shield, a decentralized application platform that offers an innovative, revolutionary approach to crypto inheritance and secure storage solutions for sensitive data, is launching the Minimum Viable Product (MVP) of its StrongBox®. The MVP is already available (email to register: [email protected]) and the final solution will be […]
1 day agocoindesk
Crypto Options Trading on Solana Has Mostly Fizzled. A New DEX Has a Plan to Change That
OptiFi is the latest options trading DEX on Solana. Its on-chain automated market maker is made possible by portfolio margining.
1 day agocointelegraph
Dave Portnoy's SafeMoon position is down 94%, claims he's being sued by project
The Barstool Sports founder panic-sold Bitcoin in 2020 and has expressed fleeting interest in digital assets ever since.
1 day agocoindesk
Cashmere Raises $3M at $30M Valuation to Build Solana Enterprise Wallet
Investors in the Solana-based project included YCombinator, Coinbase Ventures and FBG Capital
1 day agocointelegraph
Price analysis 8/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
1 day agocoindesk
Cathie Wood Says Ark Sold Some Coinbase Due to Uncertainty on SEC Probe
Ark's CEO Cathie Wood explains rationale for selling some of its Coinbase stake in late July.
1 day agozycrypto
Solana Network Usage Drops to Lowest Levels For The First Time In 2 Years
The Solana network has also not been spared amidst the woes of the declining market, as the network usage plummets to 2-year low levels

About Solana

The live price of Solana (SOL) today is 37.8971 USD, and with the current circulating supply of Solana at 345,575,455.91 SOL, its market capitalization stands at 13,096,299,965 USD. In the last 24 hours SOL price has moved 2.018619 USD or 0.06% while 674,504,960 USD worth of SOL has been traded on various exchanges. The current valuation of SOL puts it at #9 in cryptocurrency rankings based on market capitalization.

Learn more about the Solana blockchain network and how it works or follow the price of its native cryptocurrency SOL and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in March 2020 by software engineers Anatoly Yakovenko and Greg Fitzgerald, Solana (SOL) is a third-generation blockchain that aims to solve the blockchain trilemma of accomplishing three crucial objectives - security, scalability and decentralization.

Allowing for the easy creation of efficient DApps, Solana is widely perceived as a direct competitor to Ethereum. While Ethereum’s scalability issues were tackled through Layer-2 blockchains, Solana aimed to overcome its own by creating a much-improved underlying infrastructure, capable of providing cost-effective and faster transactions.

Owing to its unique hybrid consensus model, Solana has gained rapid popularity among individuals as well as big institutional investors/traders.

Solana’s decentralized blockchain supports the development of a wide array of DeFi (Decentralized Finance) solutions, including the creation of user-friendly and scalable smart contracts, and decentralized applications. Some of the well-known projects developed on Solana include Saber (DEX), Hoglympics (P2E Game), Orca (DeFi) and Solsea (NFT Marketplace).

One of the biggest reasons behind Solana's popularity is its affiliation with FTX and its founder Sam Bankman-Fried, who is a vocal supporter of the network.

SOL price

SOL price fluctuated between $0.5 and $4 during 2020. According to our SOL live price chart, the coin proved to be one of the best-performing crypto assets during the bull run of 2021. It began its surge in early February 2021, touching $18.2 by Feb 24, and then closing in on $60 in May. 

SOL coin’s all-time high arrived later in November 2021, when it breached multiple resistance levels and peaked at almost $260 on Nov. 6, 2021. SOL’s fully diluted valuation at the time was over $125 billion.

Many other cryptocurrencies were also registering their own ATHs on the back of bullish market sentiment around this time. However, in SOL’s case, the coin was also receiving market-wide support and forming noteworthy institutional alliances, including with the likes of FTX crypto exchange and Grayscale investments. The price of SOL has lost a fair bit of ground since its 2021 surge, plummeting down to under $40 in Q2, 2022.

How SOL works

Solana employs an innovative hybrid consensus algorithm that combines the conventional Proof-of-Stake (PoS) system with a novel Proof-of-History (PoH) mechanism, thus adding new blocks every 400 milliseconds. An internal scalability test conducted on Solana revealed that it can process over 47,000 transactions per second at peak levels. PoH plays a key role in Solana’s functioning, by serving as its Chain Selection Rule. PoS, on the other hand, is the Solana blockchain’s Sybil Resistance Mechanism. 

Solana’s super-efficient hybrid protocol facilitates significantly reduced validation times for both smart contract execution as well as the processing of transactions. The blockchain has been created to serve the interests of both enterprise users and small customers.

SOL, the native token of Solana, is used to pay transaction fees for running smart contracts (DApp interactions) and processing transactions on its network. The coin is also used for staking purposes. SOL holders can either directly stake their coins, or delegate their SOL holdings to validators, who in turn help secure the network. SOL has an inflation rate of 8% per annum, which will decrease by 15%, year-over-year, thus accomplishing the long-term fixed inflation rate of 1.5% per annum, in the future.

SOL news, updates and highlights

The New York-based crypto asset management firm, Grayscale Investments, added Solana to its list of offerings in October 2021, after SOL witnessed an amazing bull run that year. It included the coin as a part of the Grayscale Digital Large Cap Fund (GDLC) portfolio and allocated over 3% of its investments to SOL. 

In another significant SOL news, Coinbase, the top-most crypto exchange in the United States, added wallet support for SOL coin as well as Solana-based tokens. The company cited growing investor interest in SOL as the main reason behind this development. With Ethereum still facing scalability issues owing to its high fees and low transaction throughput, investors are looking for low-cost alternatives, and as per Coinbase, Solana is just the right fit.

Frequently asked questions about SOL

  • Can you mine or stake SOL?

No, you cannot mine SOL. However, it’s possible to stake your SOL coins and earn inflation rewards. Learn more here.

  • What are some of the best SOL wallets?

Some of the best SOL wallets as recommended by Solana's official website are Phantom, StrikeX, Trust Wallet, Trustee Wallet, Solareum Wallet, Atomic and Exodus.  

  • What can you do with SOL coins?

You can use your SOL coins to pay transaction fees on the Solana network. You may even stake your tokens to secure the Solana blockchain and earn staking rewards in return.

  • How to buy SOL?

Check SOL trading pairs with coins like BTC, ETH, USDT, XRP, MATIC, etc. on established crypto exchanges, to buy SOL cryptocurrency.

Solana Price37.8971 USD
Market Rank#9
Market Cap13,096,299,965 USD
24h Volume720,834,225 USD
Circulating Supply345,575,455.91 SOL
Max Supply488,630,611 SOL
Yesterday's Market Cap12,842,692,000 USD
Yesterday's Open / Close35.1445 USD / 37.1632 USD
Yesterday's High / Low37.2328 USD / 33.7561 USD
Yesterday's Change
0.06% ( 2.018619 USD )
Yesterday's Volume674,504,960 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Website
Community
Source Code
Arrow icon