Solana erases its ‘Google rally’ gains but a 50% SOL price recovery is still ...
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months. A recent price rally in the Solana (SOL) market ran out of steam midway as traders’ attention shifted to crypto-focused hedge fund Alameda Research’s insolvency rumors.Alameda Research insolvency rumors affect SOL On Nov. 7, SOL’s price plunged nearly 6% to about $30.50. The intraday selloff came as a part of a broader pullback trend that started on Nov. 5 when SOL peaked at around $38.75. Between then and now, the Solana token is down over....
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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 […]
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....
The broader crypto market has seen recovery trends from September lows that have sent the price of top coins rallying. Bitcoin, Ethereum, and Solana have recorded some of the biggest gains so far. This has been due to a number of factors that have greatly affected the movement of cryptocurrencies. Bitcoin, in particular, has seen […]
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....
Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.