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Is $200 Within Reach For Solana Price? Here’s Why This Blockchain Firm Thinks So
Like the general crypto market, the price of Solana (SOL) witnessed significant growth over the past week. According to the latest on-chain data, this might only be the beginning for SOL’s price, with several indications of further upside potential for the altcoin. What’s Behind Solana’s Recent Price Climb? In a new report, blockchain intelligence firm Santiment offered insight into the recent price of Solana. According to the analytics platform, the price of SOL has swung upward by more than 33% since the 4th of July, rewarding investors who continued to bet big on it despite the sluggish market conditions. Santiment...
BNB Bulls Eye Recovery After $1 Billion Quarterly Burn Shrinks Supply
On November 1, BNB Chain announced the completion of its 29th quarterly burn, effectively decreasing the cryptocurrency’s total supply. Following this event, Binance Coin (BNB) bulls are eager to capitalize on the reduced supply to drive the token’s price upward. But will they succeed? This analysis looks at the possibility by employing some on-chain and technical indicators. Token Burn Drives Change in Binance Coin Sentiment In a recent blog post, BNB Chain, Binance’s blockchain for decentralized applications, announced the burn of 1.77 million BNB. This total includes two components: 1.71 million BNB for the Auto-Burn, and 62,569 BNB as an...
NFT Sales Volume Records Worst Month Since 2021
By Philip Maina 2 months agoTue Oct 01 2024 10:53:25 Reading Time: 2 minutes The NFT sales volume in September hit a low last seen in 2021 According to CryptoSlam, the volume was slightly above $300 million and almost $100 million less than what was recorded in August 2024 The drop comes a month after a report by nftevening.com noted that 96% of NFTs are dead A month after 96% of NFTs were declared dead due to near-zero trading activities, the NFT sales volume has dropped to levels last seen in 2021. According to NFT data aggregator, CryptoSlam , the...
