Ethereum Blockchain Data Platform Etherscan Acquires Solana Ecosystem's Block Explorer Solscan

Etherscan, Ethereum's (ETH) blockchain data explorer, has acquired its counterpart in the Solana (SOL) ecosystem, Solscan. Solscan launched in 2021 and has served more than 3 million monthly users since then, according to a press release announcing the acquisition.

Timeline of Ethereum, Solana

Max Keiser's doom and gloom continue to roll in for altcoins like Solana (SOL). As per the Wall Street veteran and host of the Keiser Report, Solana topped out at $100 and is destined to fall all the way to $20.

As per local reports, the foundation intends to establish a local team and allocate more than $10 million for various Web3 sectors. These include tokenization, artificial intelligence, and art, showcasing a commitment to fostering development in these fields.

Right now, market sentiments about Solana are a bit of a mix. Some analysts are excited about its growth, but others are worried about some problems in the system. It's creating a bit of a debate about where things are headed for Solana.

The SOL cryptocurrency is off to a strong start in 2024, comfortably surpassing the $100 milestone after a bullish finish in 2023. Starting its upward journey from $10, Solana's growth is underpinned by the expansion of its network, which continues to fuel its impressive rise.

As the price of Solana (SOL) has skyrocketed by an astounding 722% year-to-date, the network's rapid growth has attracted both attention and challenges. Not only has the native token gained significant value, but the use of Solana-based meme coins such as Bonk Inu (BONK), which has grown over 854% year-to-date, and decentralized applications (dApps) have skyrocketed.

A popular crypto analyst has predicted a massive increase for Solana and XRP, foreseeing both cryptocurrencies reaching new all-time highs in 2024. XRP and Solana 2024 Price Prediction Prominent crypto influencer Ben Armstrong has recently published a new crypto price prediction for XRP, the native token of the Ripple network and Solana (SOL).

In the ever-volatile world of crypto assets, ethereum has exhibited a notable decline, with an 8.1% decrease in price over the past 24 hours. Technical indicators and chart patterns suggest a bearish sentiment in the air, urging traders to navigate with caution.

Vitalik Buterin, the cofounder of Ethereum, the second-largest cryptocurrency by market capitalization, has recently made a significant transfer of USD Coin (USDC), a stablecoin pegged to the U.S. dollar.

Solana has continued its bullish sentiment in its ecosystem to flip Ethereum in the stablecoin market for the second week in a row, according to on-chain data. SOL's price gain has slowed in the past week, showing a negative 2.3% in a 7-day timeframe at the time of writing.

With a lukewarm greeting of the New Year, Solana's price trend enters the year on a lateral indecisive note, putting a short break to the uptrend. Prolonging the consolidation range in the 4H SOL price chart, the trapped momentum may soon give a decisive breakout trend.