Can Solana (SOL) Sustain Its Google-Triggered Price Rally?
Solana (SOL) has been among the top gainers for the past weekend. This was due to the bullishness that followed the announcement that Google was now running Solana nodes. As expected, the price of the digital asset rallied in the time following the announcement, rising more than 15% to finally cross the $38 mark for the first time in almost two months. But as the market ushers in another trading week, can SOL hold its gains? Solana Sees Slow Start The beginning of the new week has come with some negative movement for Solana. In the last 24 hours, the digital asset has seen a double-digit....
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Solana (SOL) has painted its short-term price gauges in green after it responded positively to a recent development that involved its blockchain network and Google Cloud. After the cloud service provider announced it will now serve as validator for the Solana network, SOL initiated a rally that pumped its price by 15%, enabling it to […]
MATIC’s price needs to stay above $1 for the price to have a chance to rally high to a region of $1.5. MATIC’s price continues to trend, creating a more bullish bias as the price aim for $1.5, where the price could face resistance. MATIC’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). The crypto market had a good run in the previous week as the price of Polygon (MATIC) leveled up to the expectations of many holding out for the price to continue in its uptrend as many traders....
After Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the firm’s Blockchain Node Engine to the Solana chain. Google Is Operating a Block-Producing Solana Validator, Firm’s Cloud Division Aims to Add Solana to Blockchain Node Engine’s Supported Blockchains in 2023 Google is stepping toward other blockchains....
The largest cryptocurrency, Bitcoin, has hit a 5% decline from its $20K level, which it has maintained for a couple of weeks. However, during the short rally a few weeks back, Bitcoin’s valuation recovered from its 3-month low, shooting above $21,000. Related Reading: Can Solana (SOL) Sustain Its Google-Triggered Price Rally? These gains brought hope to the crypto market and boosted investors’ confidence that the crypto winter is about to end. However, the November 7 market record has shattered their hopes, with many cryptocurrencies falling back to their decline, including....
Solana (SOL) has undoubtedly been one of the major winners of the recent crypto rally after notching over 60% gains on the weekly chart. Since it has grown so much, expectations of a downside are common. However, one crypto analyst is bucking this trend as they see a continued breakout for the altcoin. Solana To […]