Tag Archives: SOL

ALTCOIN NEWS

Solana’s important partnership in Dubai

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The Solana Foundation has become an ecosystem partner of the Dubai Multi Commodities Centre (DMCC), one of the free economic zones in the United Arab Emirates.

According to a statement from Solana, the blockchain platform will provide technical and business development support to DMCC Crypto Centre members. The company will provide seminars and training courses on various Web3 topics. It will expand the grant programme already operating at the DMCC.

Ahmed Bin Sulayem, CEO of the centre, stated that Solana’s existing partners will be privileged at DMCC. Bin Sulayem said, “While Solana provides free installation and operating licences for ecosystem projects, our members will have access to the world-class blockchain platform and Solana engineering teams.”

DMCC’s list of ecosystem partners includes companies recognised in the crypto industry such as Bybit, DWF Labs, TDeFi, Brinc. It is stated that 23 thousand companies are members of the centre. Together with Abu Dhabi Global Market and Dubai Silicon Oasis Authority, DMCC is one of the first three economic free zones established in the UAE to improve the investment environment. This trio will soon be joined by Ras Al Khaimah Digital Assets Oasis.

Source: btchaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Reddit co-founder Alexis Ohanian to invest in Solana blockchain

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News has begun to spread that Reddit co-founder Alexis Ohanian will be investing in some kind of decentralized social media creation using the Solana blockchain.

“One of the reasons I am here is to announce that we have set aside $50 million to invest in the next social media creation built on Solana,” Reddit co-founder Alexis Ohanian said during talks with Solana co-founder Raj Gokal. used his words. During the conversation, Ohanian added that $50 million is not enough and that his plans are to increase the fund to $100 million.

After Facebook’s metaverse announcement, social media giants started to make big investments in Defi and Metaverse. It seems like the Metaverse will enter our lives very quickly.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

CARDANO NEWS

Raoul Pal Thinks Cardano, Solana, Avalanche, and Terra Will Rise

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Raoul Pal, known to those interested in crypto money, said that Cardano (ADA), Solana (SOL), Avalanche (AVAX) and Terra (LUNA) could rise in this bull cycle.

In his interview, Raoul Pal talked about the possibility of a long bull market by June 2022 that could potentially push Ethereum as high as $40,000.

Raoul Pal said: “I think almost certainly by March but possibly by summer, which will give us higher prices and a different cycle structure than we’ve seen before. I could be wrong. I’m not betting on everything. But I think it could be like this. If I’m right about the adoption of the network, then other layer-1s like Solana, Terra, Avalanche, Cardano and others will be great explosives.”
“But on a risk-reward basis, they’re riskier. They are not as deep a network as Ethereum. For me, Ethereum remains the best option in the world from a risk-adjusted perspective.”

Source: https://www.coinkolik.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Solana (SOL) price is above $200 again

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The price of Solana coin SOL has been on the rise overall. SOL price has formed a formation that gives hope for the future. The price of SOL has been on the rise with the market-wide rally on October 25th. Total value locked in Solana also rose to record levels.

SOL price rose more than 6% to $214 during the day. SOL, which has gained 35 percent over the past week, has come very close to the record price level of $ 222 at the beginning of September.

The daily price chart of the SOL/USD pair showing the pennant breakout. Source: TradingView

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.