• bitcoinBitcoin(BTC)$23,352.00-0.03%
    BITCOIN
    24H : -0.03%
    Volume : $21,459,220,740.00
    Marketcap : $450,211,157,075.00
  • ethereumEthereum(ETH)$1,661.810.440%
    ETHEREUM
    24H : 0.440%
    Volume : $6,927,865,692.00
    Marketcap : $200,293,678,134.00
  • tetherTether(USDT)$1.000-0.06%
    TETHER
    24H : -0.06%
    Volume : $30,404,559,450.00
    Marketcap : $68,102,099,592.00
  • binancecoinBNB(BNB)$329.790.070%
    BNB
    24H : 0.070%
    Volume : $571,667,830.00
    Marketcap : $44,471,216,157.00
  • usd-coinUSD Coin(USDC)$1.000.050%
    USD COIN
    24H : 0.050%
    Volume : $2,860,057,730.00
    Marketcap : $41,976,217,297.00
  • rippleXRP(XRP)$0.4100.130%
    XRP
    24H : 0.130%
    Volume : $618,287,178.00
    Marketcap : $20,805,537,555.00
  • binance-usdBinance USD(BUSD)$1.000-0.01%
    BINANCE USD
    24H : -0.01%
    Volume : $7,140,137,001.00
    Marketcap : $16,275,391,420.00
  • cardanoCardano(ADA)$0.397-0.84%
    CARDANO
    24H : -0.84%
    Volume : $268,994,246.00
    Marketcap : $13,925,438,228.00
  • dogecoinDogecoin(DOGE)$0.0950.590%
    DOGECOIN
    24H : 0.590%
    Volume : $1,401,045,571.00
    Marketcap : $13,098,164,846.00
  • matic-networkPolygon(MATIC)$1.251.67%
    POLYGON
    24H : 1.67%
    Volume : $558,558,870.00
    Marketcap : $11,242,854,475.00
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Markets

Solana Ends the Year on a Low

30 December 2022
in Markets
Reading Time: 3 mins read
101 7
Solana Ends the Year on a Low

image source: trading-education.com

Solana, dubbed the “Ethereum killer,” is slowly losing ground as its price has been unstable since the beginning of the year. 

According to data from Santiment, the value of $SOL has decreased by 73% over the past eight weeks. This has led to intense Fear, Uncertainty and Doubt (FUD) within the crypto community.

Solana experienced success last year during the cryptocurrency bull market, reaching an all-time high of $258.93 in November 2021. 

However, the recent bear season, which began in February, has negatively impacted all tokens, including Bitcoin and Ethereum, forcing investors to sell off their assets in an attempt to salvage their investments. Although the market is gradually recovering from the downturn, Solana has yet to see the same improvement. 

Asides from the crypto winter, the collapse of FTX, an American cryptocurrency exchange, drove $SOL price to the deep end. Sam Bankman-Fried, the former CEO of the now-bankrupt exchange, had been a vocal advocate for Solana and his influence within the crypto community contributed to the token’s popularity and value.

However, recent revelations of price manipulation and asset manipulation at FTX and SBF trading firm Alameda have caused investors to doubt the viability of Solana.

According to data from Token Terminal, the number of active developers working on Solana has dropped by over 90% since the beginning of the year.

Solana is currently trading at $9.13, with a decrease of 3.64% in the past 24 hours, according to CoinMarketCap. 

image source: coinmarketcap.com

Despite this, Vitalik Buterin, a co-founder of Ethereum, has shown support for Solana in these trying times. 

He tweeted:

“Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from outside, but I hope the community gets its fair chance to thrive.”

 

 If you would like to read more market analysis like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet40Share11
Previous Post

Turkish Central Bank Successfully Completes First Test of Its CBDC, Plans for Additional Trials in 2023

Next Post

New Report Reveals Sam Bankman-Fried, Former CEO of FTX Met With President Biden’s Senior Executives

Mopelola Ibitola

Mopelola Ibitola

Related Posts

Bitcoin Dips Below $16.5K, Solana Records New Weekly Low, Down 23%
Markets

Bitcoin Dips Below $16.5K, Solana Records New Weekly Low, Down 23%

30 December 2022

The past year has been a tumultuous one for bitcoin, with significant fluctuations in its price. The asset began the year at a value of almost $50,000, but over the last 12 months, it has lost over 65% of...

LUNA Classic (LUNC) Drops 8%, Bitcoin Dips to Weekly Low
Markets

LUNA Classic (LUNC) Drops 8%, Bitcoin Dips to Weekly Low

29 December 2022

After a relatively calm weekend, during which it remained hovering around the $16,800 mark, the primary cryptocurrency, bitcoin, saw a minor uptick at the start of the new week. This pushed the asset's price to the $17,000 mark, although...

Price Prediction for Nervos Network (CKB) 2023-2025-2030
Markets

Price Prediction for Nervos Network (CKB) 2023-2025-2030

28 December 2022

According to CoinMarketCap, Nervos Network's token (CKB) is trading at $0.0023 in terms of its USD rate, up 0.02% in the last hour. CKB has a total market cap of $75,867,562 and a $1,965,963.00 24-hour trading volume. CKB is...

VanEck Predicts Bitcoin To Drop Between $10K-$12K In Q1 2023
Markets

VanEck Predicts Bitcoin To Drop Between $10K-$12K In Q1 2023

14 December 2022

Following the release of the U.S. inflation report on Tuesday, which confirmed that the Federal Reserve's (Fed) liquidity tightening is expected to slow, the outlook for risk assets, including stocks and bonds, is looking positive.  This news has boosted...

Swap Crypto

Markets Update

Bitcoin Dips Below $16.5K, Solana Records New Weekly Low, Down 23%

1 month ago

Solana Ends the Year on a Low

1 month ago

LUNA Classic (LUNC) Drops 8%, Bitcoin Dips to Weekly Low

1 month ago

Price Prediction for Nervos Network (CKB) 2023-2025-2030

1 month ago

VanEck Predicts Bitcoin To Drop Between $10K-$12K In Q1 2023

2 months ago

Tron’s Algorithmic Stablecoin, USDD Falls Below the 1:1 Dollar Peg

2 months ago
Read More

Spotlight

All about SolChicks

All about Algorand

All about Bitcoin

All about Goracle

Press Releases

Vybe Launches Bntyhntr: A Digitalized Treasure Hunt Product on the Algorand Chain

Vybe Launches Bntyhntr: A Digitalized Treasure Hunt Product on the Algorand Chain

byGuest Author
25 January 2023
0

...

BetDEX-Exchange-to-Launch-on-Solana-Mainnet-Ahead-of-2022-FIFA-World-Cup.jpg

BetDEX Exchange to Launch on Solana Mainnet Ahead of 2022 FIFA World Cup

byGuest Author
8 November 2022
0

...

BetDEX-Exchange-Becomes-First-Fully-Licensed-Sports-Betting-Exchange-on-Blockchain.jpg

BetDEX Exchange Becomes First Fully-Licensed Sports Betting Exchange on Blockchain

byGuest Author
1 November 2022
0

...

Metrika Partners with Axelar to Help Delegators Maximize Staking Rewards

Metrika Partners with Axelar to Help Delegators Maximize Staking Rewards

byGuest Author
12 October 2022
0

...

Y7 Marketing is Launching the First Decentralized Marketing DAO on Algorand

Y7 Marketing is Launching the First Decentralized Marketing DAO on Algorand

byGuest Author
17 August 2022
0

...

Read More
  • About Us
  • The Team
  • Careers
  • Contact
  • Partnerships

© Copyright 2022 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

No Result
View All Result
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version