Connect with us

Altcoin

Solana’s Frankendancer Is Live On Mainnet, SOL Price Soars 9%

Published

2 hours ago

on


Solana’s Frankendancer upgrade, which incorporates elements of the Firedancer validator client, has gone live on the network’s mainnet. Network validator Jump Crypto gave a live demo of this upgrade at the ongoing 2024 Solana Breakpoint conference. This undoubtedly provides a bullish outlook for the SOL price which is already up 9% in the last 24 hours.

Solana Frankendancer Upgrade Goes Live

Jump Crypto showed proof of life of the Frankendancer on the mainnent at the Solana Breakpoint conference. Github data also indicates that the network upgrade is ready for mainnet release, with validators set to adopt the network upgrade. The Solana Frankendancer is a major step in integrating Firedancer, which will rewrite the three functional components of the Solana Labs client.

The network upgrade will ensure that each level is optimized for maximum performance, ensuring that validator clients can operate at full capacity. The upgrade will also help to scale Solana’s bandwidth and hardware.  It will also help to “document and standardize the Solana protocol.” Eventually, the aim is to ensure anyone can create a validator by glancing at the documentation without delving into the Rust validator code.

Furthermore, the Solana Frankendancer will also help to increase validator client diversity and improve the ecosystem’s performance. This development comes just days after Solana revealed that the ZK Compression is live on its mainnet.

Meanwhile, Jump’s Chief Science Officer Kevin Bowers mentioned at the Solana Breakpoint that Firedancer, the complete validator client, is running on the testnet. He didn’t state exactly when it will go live on Mainnet.

SOL Price Soars 9%, Rises Above $150

The SOL Price has surged 9% in the last 24 hours. SOL price is back above $150 following the announcement of the Solana Frankendancer upgrade. The coin’s trading volume is also up by over 8%, with over $3 million traded in the last 24 hours.

This news undoubtedly provides a bullish outlook for SOL, which has stood out as one of the biggest gainers following the crypto market recovery.

It is worth mentioning that asset manager Franklin Templeton had previously highlighted that the Firedancer upgrade would solve the network issues that Solana has faced, including downtime. In line with this, they expect SOL to rank as a top 3 crypto asset alongside Bitcoin and Ethereum. SOL is currently ranked as the fifth-largest cryptocurrency by market cap.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Catizen (CATI) Price Soars Over 30% on Debut, Binance Expands Support

Published

9 mins ago

on

September 20, 2024

By


TON-based P2E crypto project Catizen (CATI) sparked a tidal wave of investor optimism on Friday as crypto exchange giant Binance issued a vital announcement on it. The exchange revealed that it will add the token to simple earn, convert, margin, and auto-invest, in light of its listing. This announcement has sparked optimistic speculations over the P2E project, as its price shot up over 30% in the wake of the exchange’s support.

Binance Adds Catizen To Its Stockpile of Offerings

In an official Binance announcement dated September 20, the CEX revealed that it will add Catizen (CATI) to simple earn, buy crypto, convert, and margin today. Meanwhile, the TON-based token has already commenced trading on the exchange.

As per the announcement, CATI Simple earn and flexible products will be listed today at 10 UTC. Starting September 23, users may purchase the token using any payment option supported on auto-invest.

Further, the platform’s users can also buy Catizen via VISA, MasterCard, Google Pay, and Apple Pay. Meanwhile, the asset can be sold with the help of wallet balances on the ‘buy crypto’ page.

Binance added that “users will be able to start trading CATI against BTC, USDT, and any other tokens on convert at zero fees within one hour” of the token’s listing on the exchange. Also, the ‘CATI/USDT and CATI/FDUSD’ pairs on Cross and Isolated Margin will be available starting today at 12 UTC.

Altogether, the announcement has set off waves for Catizen, fueling bullishness for the coin’s price action.

Token Price Soars Over 30%

Meanwhile, with CATI making its debut on one of the top crypto exchanges, the token’s price soared nearly 34% from its 24-hour low of 0.6989 to touch $0.9353 at press time. The coin’s intraday low and high were $0.832 and $0.9913, respectively.

This rising price action aligns with previous listings witnessed on the crypto exchange giant. Notably, Kadena (KDA) price rocketed nearly 30% on Binance listing recently. Moreover, even Solana coins MEW & FIDA gained on their listings on CEXs.

Altogether, Catizen’s price upswing aligns with this market phenomenon. Also, a recent CATI price analysis by CoinGape Media suggested that the coin reflects the potential to reach $1 despite the controversy involved with its airdrop.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Jupiter Exchange Announces Major Acquisitions

Published

4 hours ago

on

September 20, 2024

By


Solana’s Jupiter exchange has announced the acquisition of SolanaFM and Coinhall at the ongoing 2024 Solana Breakpoint conference. The decentralized exchange (DEX) also announced the imminent launch of its Jupiter Mobile, which will help easily onboard millions of users into the Solana ecosystem.

Jupiter Exchange Acquires SolanaFM And CoinHall

The decentralized exchange has acquired the native Solana data explorer, SolanaFM. The DEX aims to use this move to increase its data and infrastructure capabilities, providing its users with real-time information. DappRadar data shows Jupiter is one of the largest decentralized trading platforms on Solana, and this move is expected to help increase its market dominance.

Jupiter has also acquired Coinhall, a leading aggregator on the Cosmos Chain. Coinhall will integrate its Solana integration into the exchange’s products as part of the acquisition. The aggregator will bring its expertise in “pro-trading terminals, real-time infrastructure, and cross-chain” to the Solana DEX.

Furthermore, the decentralized exchange and Coinhall have collaborated to launch the Ape’s Pro trading terminal, focusing on meme coin trading. The platform will feature real-time streaming of new tokens, data, and charts for traders. Traders will also enjoy “superior transaction execution through dynamic Jito fees and MEV protection.”

The Solana DEX also plans to launch the Jupiter Mobile soon to onboard millions of users into the Solana ecosystem. The platform will boast zero fees, and users can buy SOL using Apple Pay, Google Pay, or credit cards. The decentralized exchange further revealed that the platform will boast a one-tap swap feature, ensuring it is straightforward to buy crypto.

Other Notable Announcements At Solana Breakpoint

The decentralized exchange also announced the launch of the Metropolis API platform at the Solana Breakpoint to make building on the DEX much easier. The update includes the Swap, Price, and Token API, which anyone can access via Metropolis. The DEX added that the goal is to allow developers to easily integrate with Solana’s liquidity and build a sustainable business on the platform.

ImageImage

The Solana DEX has also launched the Jupiter RFQ to help improve Solana’s liquidity. This move will ensure that the DeFi platform continues to provide the best prices across all platforms.

RFQ delivers an avenue for market makers who use centralized exchanges like Binance to provide liquidity on Solana easily. This update is expected to go live with a beta version next week. The DEX revealed that they are also working on integrating it into the main platform’s Routing.

The DeFi platform already has a reputation as one of the top decentralized exchanges for leverage trading and is set to solidify its position with its perps v2 platform. The v2 platform features three significant updates. It will boast a limit order, Dove Oracle standard, and gasless transactions for Perps trading.

ImageImage

These updates undoubtedly provide a bullish outlook for the Solana ecosystem. The announcement comes just a day after Solana revealed its new Seeker mobile. Meanwhile, as Coingape reported, the ZK Compression is live on the Solana mainnet.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Bonk Whale Becomes A Huge GoodEgg Early Investor Experts Predicts 100x In Coming

Published

20 hours ago

on

September 19, 2024

By


As the cryptocurrency market evolves, it’s becoming evident that hype alone can’t sustain a token’s value. This realization has led some of the largest Bonk (BONK) holders, known as “whales,” to diversify their portfolios by investing in GoodEgg (GEGG). Experts are now predicting a potential 100x return on GoodEgg (GEGG), with some of the most prominent Bonk (BONK) whales taking early positions in the token’s presale.

More Than A Memecoin: Bonk Whale Shift to GEGG

One of the largest Bonk (BONK) holders, previously known for their substantial investments in the meme coin space, has recently made headlines by becoming an early investor in GoodEgg (GEGG). This shift comes as Bonk (BONK) continues to face declining momentum, losing 2% in value over the last 24 hours, with weekly losses stacking up to 10%. The whale’s move reflects a growing sentiment that the current meme coin market is becoming oversaturated, with investors searching for projects that offer more than just speculative gains.

Bonk (BONK), once a rising star on the Solana network, has seen a significant reduction in trading volume, and many analysts believe that its future will depend heavily on finding new utility or partnerships to maintain investor interest. While the Bonk (BONK) community remains hopeful, the shift of whales to projects like GoodEgg (GEGG) highlights a growing trend among larger investors who prioritize long-term growth over short-term gains.

GoodEgg’s Strong Fundamentals

In contrast, GoodEgg (GEGG) offers more than just hype. It is a utility-driven project with an AI-based dating platform that leverages blockchain for security and privacy. The project’s innovative approach to online dating has sparked interest from investors who see it as a real-world solution with significant potential for user adoption.

GoodEgg’s presale has already raised over $495,000, showing that investors are eager to get in early on this project. The platform’s combination of blockchain security and AI matching technology provides a fresh approach in a saturated online dating market, which is expected to grow significantly in the coming years.

Experts Predict 100x Gains and Long-Term Scalability

Market analysts are now predicting that GoodEgg (GEGG) has the potential to generate 100x returns for early investors, particularly as its platform begins to attract more users and integrates additional features. The scalability of GoodEgg (GEGG) in the dating industry, combined with its AI-driven capabilities, gives it an edge over traditional meme coins like Bonk (BONK).

While Bonk (BONK) struggles to maintain its market position, GoodEgg (GEGG) is gaining traction among both retail and institutional investors. The whale’s entry into GoodEgg (GEGG) has further validated the project’s potential, with many now looking at it as the next big thing in the crypto space.

As the presale continues, those who missed out on Bonk (BONK) during its early days are now looking at GoodEgg (GEGG) as their next opportunity for massive gains. With strong fundamentals and a clear roadmap, GoodEgg (GEGG) is positioned to become a major player in the crypto market, leaving Bonk (BONK) in the dust as it builds a long-term, sustainable future.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/GoodEggToken

 



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io