Solana
Solana is trading at 180.72 increasing by nearly 4% on Friday. The recent surge in Solana (SOL) prices can be attributed to the explosive rise of meme coin excitement, notably propelled by Dogewhatif (WIF).
WIF’s astonishing $700,000 fundraising success, far surpassing its $50,000 goal, spurred a 25% price surge and boasted a $3 billion market cap.
This fervor directly influenced SOL’s impressive 24% price hike.

$WIF the @dogwifcoin will be shown for a week on the Las Vegas Sphere after a $700,000 funding campaign.#memecoin #crypto #dog pic.twitter.com/loGPtLnnvd
— Cool Crypto (@CCoolCrypto) March 15, 2024

The surge in activity isn’t just about memes; it reflects the underlying strength of Solana’s network, evidenced by a record total-value-locked (TVL) of 23.07 million SOL, the highest since December 2022.

• WIF’s fundraising feat ignites a 24% Solana (SOL) price hike.
• Solana’s network demonstrates robustness with a record TVL.
• The rise in meme coin popularity reflects on Solana’s growing DeFi potential.

As Solana continues to distinguish itself with lightning-fast transactions and minimal fees, it becomes a hotbed for meme coin mania. WIF’s connection to Solana’s robust infrastructure amplifies its appeal, potentially positioning it beyond meme status and into the realm of decentralized finance (DeFi). While debates over its long-term viability persist, the surge in SOL prices underscores the growing influence of meme coins within the crypto-verse.

Solana’s Value Soars with Bitcoin’s Rally and Growing Confidence in Its Ecosystem

Solana’s (SOL) remarkable price surge resonates with the broader cryptocurrency market uplift, led by Bitcoin’s ascent to record highs above $72,000.
This bullish wave, further amplified by the approval of Bitcoin-centric ETFs and ETPs in major markets, has injected a fresh dose of optimism across the crypto sector.
The consequential spike in investment flow highlights a growing appetite among investors for digital assets.

🚀 Breaking News: #Bitcoin just hit a new all-time high of $70,500!📈#BTC #ATH pic.twitter.com/5Erc9dX7w8
— Next 100X GEMS (@Next100XGEMS) March 11, 2024

• Bitcoin’s rally to new highs triggers a broader market optimism, benefitting SOL.
• The SOL/BTC pair’s 32.45% climb signifies a growing investor shift towards Solana.
• Solana gains momentum from meme coin activity, potentially enhancing its market value.

The evident shift towards Solana, driven by a quest for alternatives offering stability and innovation, marks a notable confidence boost in its ecosystem.
Coupled with the meme coin frenzy within Solana’s platform, these factors contribute to its increasing appeal and potential for further appreciation.
 

Jupiter’s Success on Solana Bolsters DeFi and Meme Coin Ecosystem

Jupiter, a prominent DeFi project within the Solana ecosystem, has showcased impressive performance by surpassing Uniswap V3 in data processing volume.
Experiencing a 67% increase since March 6, Jupiter’s resilience shines through, especially with the introduction of its Value-Average (Beta) feature.

Solana-based Jupiter posts hefty returns amidst meme coin rally – by @FXstreetNewshttps://t.co/ZGRxxpnzVp
#Solana #CryptoCurrencies
— FXStreet Crypto (@FXScrypto) March 15, 2024

This feature’s success illustrates the platform’s robustness, even amid initial price volatility post-launch.

• Jupiter surpasses Uniswap V3, showcasing Solana’s DeFi prowess.
• Meme coin launches, like WEN, thrive on Solana’s LFG Launchpad, indicating rising market confidence.
• Jupiter’s valuation hits $1.27 billion, underlining growing trust in Solana’s ecosystem.

The surge in meme coins, including Bonk (BONK) and Dogwifhat (WIF), alongside Jupiter’s achievements, highlight the expanding allure of Solana’s ecosystem.
This expansion not only elevates Jupiter but also enhances Solana’s reputation as a burgeoning hub for DeFi and meme coin activities.
The escalating trust and investment in projects like Jupiter signal a bright future for Solana, potentially attracting more users and investors, thereby elevating SOL’s value in the cryptocurrency market.

Solana Price Prediction

As of this analysis, Solana (SOL/USD) is experiencing a slight retreat, trading at $181.57, down by 1.27%. The pivot point for SOL, represented by the green line, is placed at $181.57, which could act as a decisive level for future price movements.
The currency is currently at a critical juncture, brushing against immediate resistance levels at $188.69, $201.35, and $214.81, which may impede further upward progress.
Solana Price Prediction
The asset finds immediate support at $170.07, with deeper safety nets at $158.56 and $149.35, providing crucial zones to cushion any potential declines. The 50-day Exponential Moving Average (EMA) is positioned at $157.42, offering a longer-term perspective on the asset’s momentum.
The Relative Strength Index (RSI) stands at 66.96, hovering near overbought territory, which could signal a possible consolidation or reversal if traders perceive SOL as overvalued at current levels. In conclusion, the overall trend for Solana suggests a moment of balance.

Eco-Friendly Bitcoin: Revolutionizing Cryptocurrency with Gamified Eco-Staking

Green Bitcoin
 is leading a revolutionary shift in the cryptocurrency sphere by blending the urgency of environmental conservation with the innovative landscape of digital currency.
Breakdown of Token Distribution:

• Initial Offering (40%): Launches the currency with significant momentum, setting the stage for sustained growth.
• Staking Incentives (27.50%): Allocates a major share to appreciate the enduring engagement of community members, vital for the ecosystem’s thriving.
• Promotional Activities (17.50%): Directs resources towards essential promotional strategies to build and broaden the currency’s worldwide recognition.
• Trading Fluidity (10%): Guarantees smooth trading experiences, bolstering the token’s availability across exchanges.
• Community Engagement Rewards (5%): Acknowledges and motivates the core community’s involvement, enhancing participation and dedication.

The ‘Eco Pathway’ charts a definitive course for Eco-Friendly Bitcoin, initiating with a value-centric initial offering and progressing through deliberate actions to energize the community and cement the token’s standing in the marketplace.

• Current Funding: $4,987,799.52 of $5,375,669
• Current Exchange Rate: 1 $EFCB = $0.9922

Venture into the world of Eco-Friendly Bitcoin where your investment transcends mere profit to bolster a sustainable financial ecosystem. Invest today and join the movement towards a greener future.

Get Green Bitcoin Here

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Binance Web3 Wallet Integrates Solana as Network Activity Soars

Binance has announced the integration of the Solana network into its Web3 Wallet. 
By integrating the Solana network, Binance aims to transform its Web3 Wallet into a comprehensive, multi-chain, self-custodial wallet capable of meeting the diverse Web3 needs of its users, the exchange said in a recent press release. 
With this integration, users gain access to a broader range of blockchain networks, including those based on Bitcoin (BTC), EVM, and Cosmos (ATOM).

Binance Web3 Wallet to Allow Token Swaps on Solana

Binance Web3 Wallet users con now send, receive, and swap tokens on the Solana network. 
Additionally, they can explore and utilize various Solana-based decentralized applications (dApps). 
Binance Web3 Wallet now includes ten Solana-based dApps, including Drift, Dual Finance, Jito, Jupiter, Magic Eden, MarginFi, Orca, PsyOptions, Pyth Network, and Raydium. 
More dApps will be progressively added over time, the exchange said. 
Binance also introduced the ‘dApp Hub,’ a user interface (UI) overhaul, as part of the integration. 
The UI redesign consolidates all trending dApps into a single tab, providing users with a seamless experience to explore and interact with popular dApps securely. 
The integration of the Solana network comes as Binance has introduced numerous improvements to the Web3 Wallet over the past few months. 
These include the launch of the Binance Inscriptions Marketplace for minting and trading inscriptions, the Inscriptions Accelerator to reduce transaction waiting times, support for ERC-404 tokens, integration of various networks, and the addition of multiple dApps to expand service offerings.

Solana DEX Activity Soars

Solana, known for its speed and efficiency, has become the second-largest in terms of DEX trading volume, surpassing popular networks like Binance Smart Chain and Arbitrum.
Solana DEXes recorded over $2.27 billion in trading volume over the past day, coming second in the list. 
The remarkable trend continued throughout the week, with the total weekly volume skyrocketing to $11.56 billion, according to DeFi TVL aggregator DeFiLlama.
The surge in trading volume on Solana can be attributed to various factors, one of which is the increasing number of on-chain transactions taking place. 
The influx of users and the resulting congestion on the Solana network have contributed to the heightened trading activity.
The rise in Solana DEX trading volume comes as the overall interest and engagement within the network continues to grow. 
Furthermore, the Solana ecosystem now boasts more than 2,500 monthly active developers, according to the Solana Foundation. 
The foundation highlighted that the network has maintained a consistent range of 2,500 to 3,000 monthly active developers throughout the past year, a testament to the ecosystem’s ability to attract and retain talent. 
The increased developer activity comes as Solana continues to make waves in the crypto community, achieving several significant milestones.
The network has surpassed Ethereum (ETH) in 7-day stablecoin trading volume for the first time ever. 
As reported, the value of stablecoin transfers on Solana reached a staggering $103 billion in the first week of January, outperforming all other networks. 

Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension

Worldcoin has been unsuccessful in obtaining an injunction against a temporary suspension imposed by Spain’s data protection authority, the AEPD. 
The authority used emergency powers granted by the European Union’s General Data Protection Regulation (GDPR) to issue the local order, which can remain in effect for up to three months, according to a report from TechCrunch. 
The AEPD stated that the suspension was a precautionary measure due to concerns about the sensitive biometric data collected by Worldcoin, which could potentially pose a high risk to individuals’ rights and freedoms. 
It also raised specific concerns regarding the potential risks to minors, based on received complaints.
Today, a Madrid-based High Court, declined to grant an injunction against the AEPD’s order, emphasizing the need to prioritize the protection of public interest. 

Worldcoin Ceases Operations in Spain

As previously reported, Worldcoin ceased its scanning operations shortly after receiving the AEPD order, which mandated compliance within 72 hours. 
With the court’s decision, Worldcoin’s services will remain suspended in Spain for a period of up to three months.
In its appeal against the AEPD’s order, Tools for Humanity, a contributor to Worldcoin, argued that the Spanish authority had exceeded its jurisdiction in invoking the GDPR’s Article 66 “urgency procedure.” 
Tools for Humanity also highlighted the absence of any interventions by the German data protection authority, which serves as the lead authority under the GDPR’s cross-border oversight mechanism. 
However, the court determined that the AEPD’s suspension order was justified due to the risks associated with biometric data and the potential impact on individuals, including children. 
The court also expressed doubts about the validity of the claimed legal basis (consent) and the level of information provided regarding data processing. 
It also raised concerns regarding the impact on data subjects’ rights, such as the right to withdraw consent and have personal data deleted.
The court proceedings revealed additional details about the four complaints received by the AEPD. 
These complaints indicated that Worldcoin was capturing data from minors without sufficient information provided, lacked a mechanism for consent withdrawal, and directed data subjects to delete the app without ensuring the complete erasure of their personal data. 
One complainant also noted that the deletion procedure did not work as intended, as the company sent a code by mail that arrived late, rendering it invalid upon receipt.

Tools for Humanity Says Suspension Would Harm Global Business

In their appeal for an injunction, Tools for Humanity argued that the temporary suspension would cause irreparable harm to their global business, including economic losses, reputational damage, and potential hindrance to the success of their eyeball-scanning venture. 
However, the court dismissed these arguments as unsubstantiated, highlighting that the AEPD’s suspension was time-limited, applicable only in Spain, and compensable if Worldcoin prevails in court.
Responding to the dismissal of their appeal, Worldcoin’s spokeswoman, Rebecca Hahn, said the company is compliant with all laws and regulations governing biometric data collection and transfer, including the GDPR. 

“Since our previous attempts to engage AEPD went unanswered, we look forward to the opportunity to demonstrate this compliance and provide the regulator with accurate and important information regarding this essential and lawful technology in the Spanish High Court.”