Helium to migrate to Solana on this date, here's how HNT reacted

In a blog post dated 17 February, Helium Network HNT revealed that its migration to the Solana SOL network would begin on 27 March. As a result, all wallets, Hotspots, and the press time state of the Helium Network will be updated.

Timeline of Helium, Solana

According to an 18 February tweet by Kamino Finance, Solana's [SOL] decentralized exchange (DEX) activity was better than other chains in 2023 if a particular metric was put into consideration.

Last year's bear market was a big wake-up call for blockchain networks. It revealed the need to focus on real-world utility and many networks have aligned themselves to explore opportunities within traditional industries.

As the price of Solana (SOL) remains relatively stable at $21, macroeconomics specialist and former Goldman Sachs executive Raoul Pal has issued a daring forecast for the cryptocurrency. As of the time of this publication, the price of Solana has gone up by 2.8% in the last twenty-four hours but has gone down by 8.

Solana price analysis continues to show a bearish trend in place, as price dropped down to the $20 support level over the past 24 hours. SOL dropped 4 percent today, recording a low of $19.71, the lowest point since January 18.

Over the last two weeks, the Solana coin price witnessed a steady downfall in the daily time frame. The coin price is showcasing a series of lower highs and lower lows formation within the two downsloping trendlines.

Solana [SOL] witnessed a considerable fall in its decentralized finance (DeFi) activity in the month of February. As per data from DeFiLlama, the total value locked (TVL) on the network remained flat for the most part of February before dipping below $250 million.

Solana's native token SOL climbed 12% on Jan. 2, 2023, to an intraday high, becoming one of the best-performing tokens in the new year, according to data shared by CoinMarketCap. The jump enabled the ‘Ethereum killer' to tighten monthly losses to 17%, despite the fundamentals being against it.

Solana [SOL] performed extremely well in January when it recovered from $8 to reach $24 within weeks. In February, this bullish momentum stalled beneath a higher timeframe area of resistance at $27.

Brave Software has announced it is partnering with the Solana platform, allowing users to access top dApps on Solana directly on the browser.  The Brave browser has seen a significant increase in popularity with the growth of the Web 3.0 ecosystem.

Brave announces partnership with crypto Solana (SOL): dApp support for mobile devices will soon be available. Following Brave Software's announcement, the price of Solana crypto has increased significantly in the last 24 hours.