Biggest Movers: SOL, Near Protocol up by Over 10% to Start the Week

Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world's ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday.

Timeline of Near-protocol, Solana

The Swiss non-profit behind the NEAR Protocol is to collaborate with Caerus Ventures in launching a $100 million venture capital (VC) fund and venture lab. The post NEAR Protocol Announces $100M Web3 Fund For Entertainment, Fashion, and Sports appeared first on BeInCrypto.

Pantera Capital, a cryptocurrency hedge fund, led a $4.5 million investment that valued Near wallet Sender at $45 million. The post Pantera Capital leads $4.5 milllion round for NEAR-based wallet Sender appeared first on The Block.

Near Protocol (NEAR) initiated a significant upward movement on Sept 7, which is still ongoing. It is possible that the move has occurred as a result of the anticipation for NEARCON and a newly announced $100 million venture capital fund.

Swiss non-profit the NEAR Foundation has launched a $100 million venture capital fund and venture lab for web3, it announced on Monday. The post NEAR Foundation launches $100 million VC fund and lab for web3 appeared first on The Block.

Solana NFT mints surged above 300,000 this week despite a slump in the overall non-fungible token market. The post NFT mints on Solana have surged to an all-time high appeared first on The Block.

Solana [SOL] has finally chosen a side in the tug of war that has been going on between the bulls and bears since end of August. The cryptocurrency delivered a strong bullish performance in the last three days after finding support near the $31 price level.

After some days of abysmal performance, Solana [SOL] rode its horse back to a $1 billion trading volume. Regarded as one of the fastest growing ecosystems in the crypto space, SOL lost grip of the $1 billion volume when the price plunged from $33.44 to $30.62 on 7 September.

Solana (SOL) is regaining its positive momentum and showing applaudable retaliation after a significant sell-off during the first week of September. According to Solana's blockchain explorer, the network has crossed a total of 96.62 million transactions, and it is currently executing over 3000 transactions per second.

Solana has made a name for itself in the decentralized finance (DeFi) and non-fungible token (NFT) space over the last few years. Its growth has seen it become one of the largest contenders for the leading smart contract network Ethereum, as it presents faster and cheaper transaction options.

There are many interesting projects being built on the Solana blockchain. Read this guide to learn about the top projects you should check out. The post Top Projects Building on Solana in 2022 appeared first on Bitcoin Market Journal.