Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Solana co-founder Anatoly Yakovenko published a whitepaper describing Proof of History, a technique that would become critical to Solana's blockchain infrastructure, in Nov. 2017. 

Co-founder Greg Fitzgerald, who had worked with Yakovenko at Qualcomm, began prototyping the open source implementation of the whitepaper. It was published under the name Silk in 2018. 

After starting the company under the name Loom, Yakovenko, Fitzgerald, and other co-founders rebranded to Solana. Solana launched on Mainnet Beta in March 2020.

Solana was built to facilitate the development of scalable, user-friendly decentralized apps with low costs and high speeds for transactions.

Solana believes its unique blockchain architecture that combines the proof-of-stake consensus mechanism and its own proof of history mechanism is the key to achieving these goals.

Proof of history works almost like a cryptographic timestamp that proves that an event has occurred at a specific time. It enables the blockchain to work fast while maintaining security and decentralization.

There are about 304 million SOL in circulation as of November 2021. Solana has an initial inflation rate of 8%, which will decrease by 15% a year until it reaches a long-term inflation rate of 1.5%. SOL is Solana’s native token.

Solana competes with other blockchain platforms such as Ethereum and Avalanche to host crypto projects such as NFTs, decentralized exchanges, and gaming. 

Developers and users flocked from Ethereum to Solana due to high transaction costs, but many could gravitate back towards Ethereum if it manages to lower costs, which could happen as a result of the Ethereum 2.0 upgrade and layer 2 rollups. 

Solana.com
Docs.solana.com/history
Forums.solana.com

Bitcoin

Bitcoin soared above $73,600 per coin before dropping below $69,000. But Solana made gains, with its market cap hitting an all-time high.

This Week in Coins: Bitcoin Hits All-Time High, Then Gets Battered, While Solana Soars

A widely followed cryptocurrency analyst and trader is remaining bullish on one red-hot Ethereum (ETH) competitor. The analyst pseudonymously known as Bluntz tells his 248,700 followers on social media platform X that Solana (SOL) has a lot more upside potential after soaring 10x since September. “SOL vertical accumulation has ended.

Analyst Says ‘Flood Gates Are Open' for Altcoin That's up 10x in Six Months, Updates Outlook on Bitcoin and Sei

Solana's market cap has reached an all-time high of $84.7 billion as its high price meets an even greater supply.

Solana price approaches $200 for first time since December 2021

A widely followed analyst and trader is offering his forecast on three crypto assets.

Trader Says Large-Cap Ethereum Rival To Explode by Over 180% This Cycle, Updates Outlook on Floki and Chainlink

A popular crypto trader says he believes Ethereum (ETH) rival Solana (SOL) is flashing signs of a possible correction.

Solana Flashing Sign of a Potential Correction, Says Crypto Trader Ali Martinez – Here Are His Targets

The makers of hot Ethereum NFT game Parallel are shifting to Solana for their next game, an AI-driven “survival sim” called Colony.

‘Parallel' Creator Details ‘Colony' AI Game on Solana, Pushing PRIME to All-Time High Price

Ethereum

dogwifhat

The owners of the actual "Dogwifhat" meme canine are trying to get a piece of the $3 billion phenomenon that they started. So why are people upset?

Dogwifhat Spat? Ethereum NFT Auction Reveals Tensions Between Dog's Owners and Solana Community

Solana's market cap is surging and hit a new all-time high late Friday as SOL hits its highest price since December 2021.

Solana Market Cap Hits New All-Time High as SOL Price Tops $185

The ATVI coin really is live on Solana, but it is not an official token of Call of Duty publisher Activision Blizzard—despite the tweets.

Activision Blizzard Twitter Account Hacked to Shill Solana Crypto Scam

Dogecoin

03/15 update below. This post was originally published on March 14

‘To The Moon'—Elon Musk's Dramatic Return To Crypto Falls Flat As Sudden Price Crash Spooks Bitcoin, Ethereum, XRP, Solana And Dogecoin Traders

Solana's market capitalization reached an all-time high of $81.1 billion on Friday morning in Asia, The Block's data showed.

Solana market cap hits all-time high, price surges 10% amid memecoin fever

Avalanche

A closely followed crypto trader is flipping bullish on Sam Altman's identity-focused crypto project Worldcoin (WLD). Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that artificial intelligence (AI)-related Worldcoin appears like it could flip the $10 level into support.

Top Crypto Trader Turns Bullish on Worldcoin (WLD) and Two of Ethereum's Biggest Rivals – Here's His Outlook

The cryptocurrency sector is thriving in 2024 with leading crypto Bitcoin (CRYPTO: BTC) hitting all-time highs and a resurgence of interest and price action being seen across many meme coins. A leading investment firm is out with a report on meme coins, highlighting a growing recognition of cryptocurrencies' value.

Meme Coins Foster 'Strong Relationship' With Solana, Franklin Templeton Finds

Bitcoin could enter a period of consolidation before its next leg in the rally, observers noted.

Bitcoin Slumps 4%, Falling Below $70K; Solana Outperforms

Drift Protocol – a crypto spot and futures exchange that operates on the Solana blockchain – plans to expand into "pre-launch markets," too, with a service that lets traders bet on the price of tokens before they start officially trading.

Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens

Solana has sustained its rally over the past 24 hours, despite a downturn in the wider cryptocurrency market.

Solana defies crypto downturn with its major memecoins posting double-digit gains

A widely followed crypto trader believes that one Avalanche (AVAX)-based altcoin is gearing up for a massive breakout.

Crypto Analyst Says Avalanche-Based Altcoin Primed for a Massive Move, Updates Outlook on Solana

Shiba Inu

Myro (CRYPTO: MYRO) is up 31% in the past 24 hours, buoyed by recent listings over the last week, with analysts optimistic about the token's prospects. What Happened: On March 12, Uphold, a multi-asset digital money platform used widely across the U.S., announced that Myro will now be available on its platform.

'Shiba Inu Of Solana' Myro Bites Off 31% One-Day Gain: 'God Candle Coming Soon,' Says Trader

Elon Musk, the Tesla TSLA billionaire and owner of X, has waded back into the crypto world amid a massive price rebound (which has caused former president Donald Trump to make a shock bitcoin flip).

‘To The Moon'—Elon Musk Makes Dramatic Return To Crypto's Front Lines Amid ‘Unprecedented' $7.5 Trillion Price Boom That's Boosted Bitcoin, Ethereum, XRP, Solana And Dogecoin

A widely followed analyst is expressing bullish sentiment on a leading Ethereum (ETH) competitor as the total crypto market cap approaches $3 trillion.

‘Floodgates Open Soon' – Altcoin That's Exploded Over 590% in Five Months Primed for More Upside: Top Analyst

In a new report, Franklin Templeton outlined the correlation between active addresses and meme coin price surges.

Meme coins have ‘strong relationship' with native networks like Solana: Franklin Templeton

On news of the Dogwifhat fundraiser's success, WIF jumped 36% to set an all-time high and become the fourth-biggest meme coin in the world.

Sphere Wif Hat? Solana Meme Coin Community Raises $690K to Send Dogwifhat to Las Vegas

Solana memecoin dogwifihat's Shiba Inu mascot will grace Sin City's skyline following a successful $650,000 community raise.

Solana memecoin dogwifihat to grace Las Vegas skyline after $650,000 raise

The Tensor Foundation, a recently formed organization behind Solana-based NFT marketplace Tensor, has outlined its plans for the TNSR token.

Tensor Foundation Reveals Plans for TNSR Token for the Solana NFT Marketplace

Solana stakeholders are weighing tough choices in an effort to improve the usability of the fast-rising blockchain network.

News for Solana Crypto (SOL)