Next-Generation Mainnet Project NvirWorld Signs MOU With ‘High-Performance' Blockchain Solana

PRESS RELEASE – Singapore, Singapore, 5th October 2022 NvirWorld, a blockchain company with platforms such as NFT marketplace Nvir Market and decentralized finance (DeFi) service N-Hub, announced the MOU with the Solana Foundation.

Timeline of Solana

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana approached its three-week resistance mark.

There has been some criticism about Solana since it was established in March of 2020. Through a thread he created, Cyber Capital founder Justin Bons exposed the network's recent “anomalies.

The Solana network (CRYPTO: SOL) stopped processing transactions and went offline on Friday due to a misconfigured node, marking the blockchain's fourth significant outage since January, when it had a succession of partial outages for most of that month. One year has passed since a roughly 18-hour outage in September of last year.

The daily technical chart shows the Solana coin price is in a short-term range-bound rally. Furthermore, this sideways is restricted within the top resistance of $47.4 and bottom support of $26.

Cross-chain asset transfer platform Octus Bridge has added Solana to its growing list of supported networks. Powered by the Everscale network, Octus Bridge facilitates lightning-fast liquidity transfers at fractional costs, helping its popularity soar among Solana users.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In the past few days, some positive sentiment was seen on social media for Solana [SOL].

The fundamental aspect contributing to the emergence and development of the most important cryptos today is the ambition and skills to think outside the box. Blockchain technology is now its own business, thanks to the developers who go beyond the bounds of centralization.

At the time of writing, Solana's (SOL) seven-day performance was pretty sluggish as it failed to register any promising gains. Though the prevailing crypto-market is a factor behind this performance, there might be other reasons as well.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. Founded over 2 years ago, Solana is one of the leading cryptocurrencies that uses the proof-of-stake (PoS) consensus mechanism.

The Solana (SOL) price displays a bullish reversal opportunity with a double bottom pattern at the psychological Mark of $30. However, the declining 50-day EMA opposes the bullish growth to reach the neckline at $38.