CryptoMediaClub
Thursday, October 2, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
A A
0
147
VIEWS
ShareShare

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the testnet launch of the blockchain’s loawaited scaling solution Firedancer.

SOL reached over $41 on Nov. 2 touching highs it hasn’t seen since August last year, Cointelegraph Markets Pro data shows.

Long touted as an “Ethereum killer” — SOL has vastly outperformed its rival Ether (ETH) which posted under 11% gains in the past month.

Three-month SOL price chart with gains up nearly 81% in 30 days. Source: Cointelegraph Markets Pro

SOL-related investment products have also seen millions of dollars worth of inflows over the past weeks according to CoinShares. SOL is, however, still down around 84% from its Nov. 6, 2021, all-time high of almost $260.

On Oct. 31 at Solana’s Breakpoint conference, Solana Foundation executive director Dan Albert announced the testnet launch of Firedancer which Web3 development firm Jump Crypto has been building since last August.

Firedancer is a new validator client for the network which Solana Labs founder and CEO Anatoly Yakovenko has said is aimed at increasing speed, reliability and validator diversity. Its slated mainnet launch is in the first half of 2024.

Firedancer has been dubbed the long-term fix to Solana’s past network outage problems which Yakovenko called a “curse.”

Solana suffered 14 partial or major outages in 2022 but its uptime improved in 2023 with only one major outage, reported in February. ​​

However, there are concerns that selling pressure could hit SOL as $56 million worth of the cryptocurrency tied to FTX was unstaked and sent to an unknown wallet. An additional $32 million worth of SOL linked to FTX and Alameda Research also moved to a wallet suspected to be the firms’ designated liquidator Galaxy Digital.

Related: VanEck predicts a 10,600% Solana price rally by 2030

Other altcoins also saw strong price rallies over the month as crypto market sentiment turned positive. On Nov. 2 the Crypto Fear and Greed Index jumped six points from the day before to 72 out of 100 — reflecting a sentiment of “greed.”

Chainlink (LINK) saw an over 54% gain in the last 30 days. Meanwhile, Bitcoin (BTC), Avalanche (AVAX) and Near Protocol (NEAR) posted 30-day gains of 30%, 32% and 37.5% respectively.

Magazine: BitCulture: Fine art on Solana, AI music, podcast + book reviews

Share11Tweet7ShareSharePin3

Related Posts

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
Altcoins

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
0

Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last...

Read moreDetails
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Is Bitcoin overheated? Some believe the answer is hiding in PEPE

Is Bitcoin overheated? Some believe the answer is hiding in PEPE

27.10.2023
Load More
Next Post
Onyx Protocol exploiter begins siphoning $2.1M loot on Tornado Cash

Onyx Protocol exploiter begins siphoning $2.1M loot on Tornado Cash

4 1 vote
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

USDT Used for Social Savings in Philippines

USDT Used for Social Savings in Philippines

1 year ago
Is Arbitrum in Trouble? ChatGPT Says Invest in Optimism and Borroe Instead

Is Arbitrum in Trouble? ChatGPT Says Invest in Optimism and Borroe Instead

2 years ago
Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in April

Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in April

2 years ago
Ether staking withdrawals: Crypto exchanges set calendar for unstaking

Ether staking withdrawals: Crypto exchanges set calendar for unstaking

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Why did the crypto market pump today? Everything that helped the leg-up

Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

Bitcoin rally looms with projections hinting at $200,000 surge

Perplexity AI Predicts Explosive Gains for XRP, Cardano and Dogecoin by the End of 2025

Will a US data blackout shove more money into Bitcoin?

Trending

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”
All news

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

02.10.2025
0

Bo Hines takes pride in crafting one of the leading crypto regulations in the US – the...

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

02.10.2025
Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

02.10.2025
Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

02.10.2025
Why did the crypto market pump today? Everything that helped the leg-up

Why did the crypto market pump today? Everything that helped the leg-up

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz