Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad

    September 5, 2024

    The Ultimate Guide to Overcoming Impulsiveness in Crypto Trades

    May 4, 2024

    Saylor’s Strategy acquires 3,459 Bitcoin for nearly $286 million, now holds 531,644 BTC

    April 14, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

      September 13, 2025

      World Liberty Financial Nets Trump Family Crypto Billions

      September 12, 2025

      Bitchat downloads spike in Nepal amid national unrest

      September 11, 2025

      Franklin Templeton & Binance Join Forces on Digital Assets

      September 10, 2025

      Metaplanet Now Holds 20,136 BTC After $15M Buy

      September 9, 2025
    • Technology

      WisdomTree Brings Private Credit Onchain With CRDT on Ethereum and Stellar

      September 13, 2025

      Upbit Teases New Blockchain Project “Giwa” with Countdown

      September 12, 2025

      Why DeFi tokens are set for 1000% rally – A trillion-dollar opportunity?

      September 11, 2025

      Blockchain Powers Jack Ma’s $8-B Ant Group Energy Asset Strategy

      September 10, 2025

      Upbit unveils GIWA, a fast Ethereum Layer 2 with 1-second blocks

      September 9, 2025
    • Learn/Guide

      Rabby Wallet integrates XRPL EVM chain with Peersyst

      September 13, 2025

      Tether to launch US-based stablecoin USAT

      September 12, 2025

      Byreal launches Real Farmer copy farming product on Solana with Bybit backing

      September 11, 2025

      Almanak launches alUSD on Pendle with 1.25x Almanak Points boost for LPs and YT holders

      September 10, 2025

      Solana DeFi TVL hits all-time high at $12.2B

      September 9, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      Coinbase Files Motion to Sanction SEC Over Missing Gensler Texts

      September 13, 2025

      South Korea Opens Venture Funding to Crypto Firms, Ending 7-Year Ban

      September 12, 2025

      GENIUS Act Loophole Risks Draining Small Banks, Senator Warns

      September 11, 2025

      Legal Ruling Shields Cook, Slows Trump’s Fed Shake-Up and Crypto Risk

      September 10, 2025

      SEC Has 32 Days to Decide on Solana Spot ETF

      September 9, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Solana (SOL) Breaks Multi-Month Trend As Firedancer Hits Testnet
    News

    Solana (SOL) Breaks Multi-Month Trend As Firedancer Hits Testnet

    November 1, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Solana price
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Solana price is currently experiencing a breathtaking rally. Since marking a bottom below $8 on December 29, the SOL price has risen more than 395%. And news from the Solana Breakpoint conference, which is currently being held in Amsterdam from October 30 to November 3, 2023, further fueled the price yesterday. In the last 24 hours, the price has risen 7.5%, and a whopping 23% in the last seven days.

    Firedancer Launched On Solana Testnet

    Central to the current excitement is the launch of Firedancer on Solana’s testnet. This new validator client, designed for the Solana blockchain, promises to significantly improve the scalability of the network, diminish latency times, and overall enhance network performance.

    The brain behind Firedancer Solana is Jump Crypto, a division of the Jump Trading Group, dedicated to pioneering solutions in the blockchain space. Their vision for Firedancer is comprehensive. It is designed to refine the Solana network across all tiers, starting from its foundational consensus mechanism to its broadest performance metrics. Ultimately, Firedancer aims to scale Solana to one million transactions per second (TPS).

    Highlighting the criticality of Firedancer to the future roadmap of Solana, Dan Albert, Executive Director of the Solana Foundation, proclaimed during his live stage appearance at the conference, “These guys have been hustling hard. Really did a lot of work, working around the clock in the last couple of weeks and I am really excited to announce that right now the first version of Firedancer is live on testnet.”

    🔥💃 The first version of @jump_firedancer
    🔥💃 Live on testnet.
    🔥💃 Right now.

    Watch @DanPaul000 share the news live on the @SolanaConf stage.

    Only at #Breakpoint2023. Watch the livestream: https://t.co/51G659GtUO pic.twitter.com/llaHoiendH

    — Solana (@solana) October 31, 2023

    Validating this enthusiasm, Raoul Pal, CEO and co-founder of Real Vision Group and former Goldman Sachs executive, expressed his bullish outlook, stating:

    Firedancer is a VERY big deal, not just for Solana but for blockchain technology overall. It is a quantum leap in speed (10x faster than the fastest blockchain today) whilst increasing security and robustness of the Solana Virtual Machine [SVM]. We’re eagerly awaiting its migration to Mainnet in the summer of 2024.

    Pal further encapsulated the potential of Solana and Firedancer in a recent conversation with Scott Melker. He opined, “I’ve been observing the charts, particularly Solana versus ETH (SOL/ETH) and Solana versus Bitcoin (SOL/BTC), and it unmistakably resembles a rocket ship in its ascent. It’s truly astonishing.”

    SOL Price Breaks Multi-Month Trend

    However, in the midst of this euphoria, some analysts urge caution. With SOL’s price surging to touch a 1-year high of $39.88 yesterday, analyst Pentoshi offered a sobering perspective, noting, “SOL takes out these equal highs at the top of the range and in the next couple weeks likely a chance to refuel at the mid-range at $32.xx.”

    SOL/USDT, 1-day chart | Source: X @Pentosh1

    In addition, the 1-day chart shows that SOL broke out of an ascending trend channel (black) in a very bullish manner. SOL rose yesterday above the late October high of $38.78, which the price marked just before it plummeted in the wake of FTX’s collapse, losing more than 68% in four days.

    The next few days will be all about closing above $38.78 for the SOL bulls. If this succeeds, the Fibonacci extension level of 1.618 at $57.85 could be the next major target. Otherwise, a correction toward the 0.786 Fibonacci retracement level at $32.18 could be in the cards.

    Solana SOL price
    SOL price breaks out, 1-day chart | Source: SOLUSD on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

    September 13, 2025

    World Liberty Financial Nets Trump Family Crypto Billions

    September 12, 2025

    Bitchat downloads spike in Nepal amid national unrest

    September 11, 2025

    Franklin Templeton & Binance Join Forces on Digital Assets

    September 10, 2025
    Top Posts

    Crypto Theft Surge: $2.1 Billion Stolen in First Half of 2025

    June 29, 2025

    Bitcoin Long-Term Metrics Point to a Different Scenario Than 2019 Fakeout: Top Analyst

    October 1, 2023

    Trump Jr. wants to ‘make finance great again’ with new DeFi project

    August 24, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

    September 13, 2025

    World Liberty Financial Nets Trump Family Crypto Billions

    September 12, 2025

    Bitchat downloads spike in Nepal amid national unrest

    September 11, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.