solana
Recently, Wormhole (W) investors have been exploring alternative investments following its significant price decline. Among the emerging tokens capturing attention are Hoppy (HOPPY) and SolJu (SOLJU), a soon-to-be-launched meme coin on the Solana blockchain. In this article we delve into the recent performance of Wormhole, the meteoric rise of Hoppy, and the anticipated launch of SolJu. Anxiety grows as Wormhole (W) loses 30% in a weekWormhole (W), a leading interoperability platform that powers multichain applications and bridges at scale, has experienced a sharp decline in its value. After r...
Invezz
There’s no hotter trend and narrative in the cryptocurrency market today than meme coins. The fusion of the internet meme, pop culture and viral trends continue to collide into a force that has evolved a whole new space teeming with opportunity. But while opportunity abounds, finding the next big thing before the crowd gets in is the tough part. Recently, politics-related memecoins stirred quite a frenzy, but that ship sailed a while ago. Now there’s this brewing narrative that’s alcohol-themed tokens, and fermenting, ready to pour tradition into tomorrow’s tech is SolJu ($SOLJU). This token, ...
Invezz
The cryptocurrency space is buzzing with excitement ahead of the launch of Solciety, a new meme coin scheduled to debut on the Solana network on June 18th. Built on the robust and efficient Solana blockchain, Solciety aims to offer a unique blend of services and opportunities, targeting both the seasoned crypto enthusiast and the curious newcomer. Launching on Solana a strategic choice for SolcietyChoosing Solana as the foundation for Solciety is a strategic move. Solana is renowned for its high-speed transactions and low fees, making it an ideal platform for new and innovative projects. It ha...
Invezz
It’s been a busy month so far for the VGX team, with a new leader at the helm and a new partnership to boot. VGX introduces chairman Matteo PerruccioRecently, the VGX Foundation announced that it has appointed Matteo Dante as its Chairman. The VGX Foundation has been set up to support the VGX token, a digital asset used in conjunction with new Web 3.0 games and has already been integrated into multiple games, most famously Gala Games. Through the use of VGX coins, games and gamers can earn and access and us in-game rewards across various Web 3.0 games, regardless of the platform. This has been...
Invezz
Solana (SOL) price has suffered a sharp reversal in the past few weeks. After peaking at $210 in March, the token has moved into a deep bear market, falling by over 28%. This crash happened as the recent momentum in the crypto industry faded. Next potential catalyst for SolanaSolana price has dropped sharply as the momentum in the crypto industry has faded. Bitcoin has struggled to move above the year-to-date high of $73,500 while Ethereum has failed to move above the $4,000 resistance point. Recent data shows that activities in the network has stalled. For example, the total value locked (TVL...
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GameStop’s recent share price gains have nearly evaporated, and an unofficial GameStop tribute coin on the Solana blockchain, known as the GME token, has experienced a similar downfall. According to CoinGecko, the GME token has plummeted to $0.0067, marking a 69% drop from its all-time high earlier this week. This stark decline follows a period of flat trading since its January launch, with a brief surge in early February. Dramatic fluctuations in trading volumeTrading volume for the GME token has also significantly decreased. Over the past 24 hours, the volume dropped to approximately $65 mil...
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io.net, a leader in decentralized computing solutions, has announced a strategic partnership with Synesis One, the first Train2Earn platform on Solana. This collaboration will utilize io.net’s advanced decentralized compute network to power the training of machine learning (ML) models for Synesis One’s enterprise clients, facilitating more efficient and accessible AI model development. Boosting enterprise AI solutionsIsaac Bang, CEO of Synesis One, expressed enthusiasm about the partnership: “We’re onboarding a number of large clients, and the scope of some projects require us to build out cus...
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Fineqia International, a digital asset and fintech investment business, today announced its April Crypto ETPs AUM report. The company’s monthly analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 64% growth in total Assets Under Management (AUM) so far in 2024. A tough April for cryptos However, on a monthly basis, the total AUM dropped to $81 billion in April, from $94.4 billion at the end of March, a 14.2% decrease. The total market value of digital assets decreased by 18.8% to about $2.29 trillion in April, from $2.82 trillion the prev...
Invezz
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