{"id":558739,"date":"2023-11-02T10:00:52","date_gmt":"2023-11-02T10:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=558739"},"modified":"2023-11-02T08:46:54","modified_gmt":"2023-11-02T08:46:54","slug":"solana-welcomes-november-with-40-breach-ready-for-a-50-breakthrough","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana-welcomes-november-with-40-breach-ready-for-a-50-breakthrough\/","title":{"rendered":"Solana Welcomes November With $40 Breach – Ready For A $50 Breakthrough?"},"content":{"rendered":"

The first day of November marked an eventful moment in the cryptocurrency market as altcoins surged vigorously, led by impressive gains of Solana. This rally in Solana’s value set the tone for a day where altcoins gained significant traction.<\/p>\n

(Concurrently, Bitcoin experienced a late rally, breaching the $35,500 mark. This unexpected surge in Bitcoin not only solidified its position but also contributed to the overall bullish sentiment in the market.)<\/p>\n

The day’s dynamic movements highlighted the growing influence of altcoins, particularly Solana<\/a>, showcasing their capacity to drive market trends. This collective push underscored a major shift in the crypto landscape, suggesting a broader diversification of investment interest beyond Bitcoin.<\/p>\n

Related Reading: XRP Hits $0.6 In Unstoppable Surge: How High Can It Go This November?<\/a><\/div>\n

Solana: Meteoric Rise And Resilience In The Crypto Market<\/strong><\/h2>\n

Solana’s recent strides in the market have been nothing short of spectacular, showcasing an astounding growth of over 80%<\/a> in just a few short weeks. SOL demonstrated its bullish momentum by surging to approximately $42.30,<\/a> as reported by Coingecko. With a circulating supply of 420 million SOL, Solana is valued at a market cap of around $17,685,464,775.<\/p>\n

Despite worries about its future following the bankruptcy of Alameda Research, a major investor in the Solana ecosystem, and Sam Bankman Fried’s FTX cryptocurrency exchange, Solana has surprised many observers by emerging as one of the best-performing assets, rising by more than 300% this year.<\/p>\n

According to recent data from CoinMarketCap at the beginning of November, the value of SOL experienced a notable increase over the course of the last 30 days. Specifically, SOL’s market valuation\u00a0rose from $9.80\u00a0billion on October 2 to surpass $17\u00a0billion on Wednesday, resulting in a substantial addition of approximately $6 billion to its overall capitalization.<\/p>\n

Against a backdrop of positive indicators and having already reached a critical milestone of $40, the cryptocurrency Solana is poised to attain a noteworthy valuation of $50. The current rising trajectory of SOL’s value, which has experienced a roughly twofold increase in the past month, establishes a solid basis for the anticipated milestone, lending credibility to its feasibility and potential imminence.<\/p>\n

Related Reading: Solana Bull Run Could Smash Through $40 Barrier This Week \u2013 Here\u2019s How<\/a><\/div>\n
SOLUSD currently trading at $42.64 on the daily chart: TradingView.com<\/a><\/pre>\n
SOL’s Ascent Towards A Milestone And FTX’s Notable Asset Transactions<\/strong><\/h2>\n
Given its quick growth, it appears that this new objective is attainable, indicating that SOL may soon achieve this unprecedented level in the dynamic realm of digital currencies.<\/a><\/p>\n
Meanwhile, according to a recent disclosure made by Nansen, a blockchain analytics company, it has come to light that wallets associated with the bankrupt FTX engaged in transactions involving a significant amount of digital assets, amounting to around $156 million.<\/p>\n
\n
FTX funds have continued to move to exchanges since our last update<\/p>\n
– 695K PERP $423K
\n– 767K BICO $182K
\n– 833K KNC $616K
\n– 108M TRU $420K
\n– 138K BAND $221K
\n– 2.5M GRT $273K
\n– 845 MKR $1.17M
\n– 7.16M RNDR $17.8M
\n– 10.5M USDC
\n– 23k MATIC $15K
\n– 9.5M REN $500K
\n– 1.1M ETH $2M<\/p>\n
And… pic.twitter.com\/UPKkJh3llq<\/a><\/p>\n
\u2014 Nansen \ud83e\udded (@nansen_ai) October 31, 2023<\/a><\/p><\/blockquote>\n
These assets include Ethereum and Solana, and the transactions occurred during the previous week. Nansen’s report provides a comprehensive account of FTX’s action of unstaking almost 1.6 million SOL tokens, which were estimated to be worth around $57.6 million, on October 30th.<\/p>\n
These assets are presently kept in a staking wallet. The act of unstaking described here is a component of FTX’s money movement plan, which has resulted in a notable rise in the overall amount of SOL transferred, approaching the threshold of $90 million.<\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from foulline\/Pixabay<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The first day of November marked an eventful moment in the cryptocurrency market as altcoins surged vigorously, led by impressive gains of Solana. This rally in Solana’s value set the tone for a day where altcoins gained significant traction. (Concurrently, Bitcoin experienced a late rally, breaching the $35,500 mark. This unexpected surge in Bitcoin not only solidified its position but also contributed to the overall bullish sentiment in the market.) The day’s dynamic movements highlighted the growing influence of altcoins, particularly Solana, showcasing their capacity to drive market trends. This collective push underscored a major shift in the crypto landscape, suggesting a broader diversification of investment interest beyond Bitcoin. Related Reading: XRP Hits $0.6 In Unstoppable Surge: How High Can It Go This November? Solana: Meteoric Rise And Resilience In The Crypto Market Solana’s recent strides in the market have been nothing short of spectacular, showcasing an astounding growth of over 80% in just a few short weeks. SOL demonstrated its bullish momentum by surging to approximately $42.30, as reported by Coingecko. With a circulating supply of 420 million SOL, Solana is valued at a market cap of around $17,685,464,775. Despite worries about its future following the bankruptcy of Alameda Research, a major investor in the Solana ecosystem, and Sam Bankman Fried’s FTX cryptocurrency exchange, Solana has surprised many observers by emerging as one of the best-performing assets, rising by more than 300% this year. According to recent data from CoinMarketCap at the beginning of November, the value of SOL experienced a notable increase over the course of the last 30 days. Specifically, SOL’s market valuation\u00a0rose from $9.80\u00a0billion on October 2 to surpass $17\u00a0billion on Wednesday, resulting in a substantial addition of approximately $6 billion to its overall capitalization. Against a backdrop of positive indicators and having already reached a critical milestone of $40, the cryptocurrency Solana is poised to attain a noteworthy valuation of $50. The current rising trajectory of SOL’s value, which has experienced a roughly twofold increase in the past month, establishes a solid basis for the anticipated milestone, lending credibility to its feasibility and potential imminence. Related Reading: Solana Bull Run Could Smash Through $40 Barrier This Week \u2013 Here\u2019s How SOLUSD currently trading at $42.64 on the daily chart: TradingView.com SOL’s Ascent Towards A Milestone And FTX’s Notable Asset Transactions Given its quick growth, it appears that this new objective is attainable, indicating that SOL may soon achieve this unprecedented level in the dynamic realm of digital currencies. Meanwhile, according to a recent disclosure made by Nansen, a blockchain analytics company, it has come to light that wallets associated with the bankrupt FTX engaged in transactions involving a significant amount of digital assets, amounting to around $156 million. FTX funds have continued to move to exchanges since our last update – 695K PERP $423K – 767K BICO $182K – 833K KNC $616K – 108M TRU $420K – 138K BAND $221K – 2.5M GRT $273K – 845 MKR $1.17M – 7.16M RNDR $17.8M – 10.5M USDC – 23k MATIC $15K – 9.5M REN $500K – 1.1M ETH $2M And… pic.twitter.com\/UPKkJh3llq \u2014 Nansen \ud83e\udded (@nansen_ai) October 31, 2023 These assets include Ethereum and Solana, and the transactions occurred during the previous week. Nansen’s report provides a comprehensive account of FTX’s action of unstaking almost 1.6 million SOL tokens, which were estimated to be worth around $57.6 million, on October 30th. These assets are presently kept in a staking wallet. The act of unstaking described here is a component of FTX’s money movement plan, which has resulted in a notable rise in the overall amount of SOL transferred, approaching the threshold of $90 million. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from foulline\/Pixabay<\/p>\n","protected":false},"author":557,"featured_media":558752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,84543],"tags":[142,6664,89774,86420,83626,86410],"class_list":["post-558739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-solana","tag-altcoins","tag-crypto","tag-ftxs-action","tag-sol-price","tag-solana","tag-solusd"],"acf":[],"yoast_head":"\nSolana Welcomes November With $40 Breach - Ready To Hit $50?<\/title>\n<meta name=\"description\" content=\"The first day of November marked an eventful moment in the cryptocurrency market as altcoins surged vigorously, led by impressive gains of Solana. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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