Solana: Despite steady structural support, here's why SOL is still not in the clear

Solana is back above $40.41 thanks to a bullish performance in the last few hours prior to this press. The cryptocurrency has been struggling to recover from its bearish performance which was largely influenced by its network woes.

Timeline of Solana

Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs' general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development. Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and

Users can expect to earn enhanced yields from SOL, alongside Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). Matrixport, one of the world's largest and most trusted digital assets financial services platforms, today announced the expansion of its flagship Dual-Currency Product to support Solana (SOL).

If you're a newcomer to cryptocurrency investing, you are probably looking first at the top bluechip names: Bitcoin and Ethereum. However, while the most popular crypto assets, there are some that might offer first-time investors a much larger upside than either ETH or BTC.

Token vesting is an innovative idea that ensures the decentralization of projects and prevents rug pulls. The problem, however, is the complicated nature of the tools used for token vesting, distribution, and payroll for team members and contributors.

Solana Ventures and Solana Foundation have raised a $100 million investment fund for crypto projects in South Korea, weeks after Terra's network collapse left many crypto projects in the country in a state of limbo. The post Solana launches $100M fund to attract crypto projects from South Korea appeared first on CryptoSlate.

Solana Ventures and the Solana Foundation have launched a $100 million investment and grant fund to bolster the growth of South Korean web3 startups building on the Solana ecosystem, a report revealed on Wednesday. Solana Launches $100M for Web3 Startups The investment fund, which is aimed at supporting the growth of gaming studios, GameFi, NFTs, and decentralized finance (DeFi), is backed by capital from Solana Ventures and the project's community treasury.

Solana developers are tackling bugs that hope to prevent network outages in the future so let's have a closer look at today's latest blockchain news. Solana developers are tackling bugs that knocked the network offline for the fifth time this year.

Solana has released a postmortem report examining the most recent 4.5-hour outage on June 1st. The outage resulted from a runtime bug triggered by the durable nonce transactions feature.

The value of Solana, a cryptocurrency in the top 10 in terms of market capitalization, dropped by more than 12% on June 1 as a result of its second outage in a month. A problem with the blockchain's processing of a niche transaction type meant for offline use caused it to malfunction. After its validators The post Why did the Solana blockchain halt again? appeared first on Invezz.

Solana price analysis is bullish as firm support is seen at the $38.44 level and resistance is faced at the $44.45 level. Prices have breached above the descending triangle pattern and are currently retesting the breakout point.