Solana price is down 21% in a week, but on-chain and derivatives data highlights investors’ confidence that the network can overcome recent hurdles.
Altcoin News
The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
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Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
3375Austin Federa, head of strategy at the Solana Foundation, addresses concerns around the latest network outages in an exclusive interview with Cointelegraph.
2174Parcl users started pulling their funds from the protocol earlier this month after it said it took a snapshot for its recent airdrop.
1838The escalating crisis between Iran and Israel and increased bullish bets on the dollar have heightened investor risk aversion, leading to a downturn in Ether prices.
975The project's TVL surpassed $1 billion within one month of its testnet launch.
5596Altcoins may react differently to the Bitcoin halving depending on various factors, including tokenomics, value proposition and its overall contribution toward financial freedom.
7594Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
5617SOL’s price gains today coincide with multiple upside signals: the approval of spot Bitcoin and Ether ETFs in Hong Kong and Solana's congestion issue fix.
79437OKX users can now deposit Dogwifhat (WIF) and the Cat in a Dog’s World (MEW) memecoins, while the first withdrawals are coming tomorrow.
1639Blockchain investigator ZachXBT identified scammers providing liquidity funds to several fake projects across multiple blockchains, including Base, Solana, Scroll, Optimism, Arbitrum, Ethereum and Avalanche.
2022BTC price volatility is the name of the game this week as macro pressures combine with the incoming Bitcoin halving.
18234The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better.
38930Bitcoin finds support slightly above $60,000, possibly giving altcoins the green light to move higher in the short term.
3755Open interest in Solana is down 21% compared to the previous day as its price dips below levels unseen in over 30 days.
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