Will these Solana [SOL] updates finally be enough to push the price

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.

Timeline of Solana

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.

Solana [SOL] has joined the league of blockchains that have done over a billion transactions. According to the information from its official website, the SOL ecosystem was able to reach the milestone, thanks to the power of 2,011 validator notes.

NFT marketplace OpenSea said it would automatically index NFT collections created on the Solana blockchain. The post OpenSea aims to automatically index Solana NFTs appeared first on The Block.

The Solana price analysis for today shows that the market conditions have turned bearish and prices have slipped below $32.08. The cryptocurrency has found some support at $31.68 but it remains to be seen if this will be enough to turn the tide in favor of the bulls.

Solana [SOL] wasn't at its best last week as it registered a more than 8% decline in its value. Though the current bearish market condition was a factor that led to this result, there were several metrics that also played a role in this recent decline.

Layer-1 blockchain network Solana has surpassed 100 billion total transactions, defying known outage issues to hit the new milestone. According to data from Solscan, the network hit the milestone while handling around 2000-3000 transactions per second (TPS).

According to reports, the Ethereum killer, Solana, has crossed over 100 billion transactions. By press time, data from Solana Explorer revealed that the network has 100,027,437,213 transactions with a TPS of about 3,047.

Solana is among the numerous blockchains that have a deep focus on carbon neutrality. An important consideration especially now that climate change is becoming a more pressing issue.

By bringing together traditional investors and those interested in cryptocurrencies, Flasko has gained the attention of everyone interested in the crypto and NFT industry because of their unique approach.  Some of the biggest names in the cryptocurrency industry, such as Solana (SOL) and LunaOne (XLN) are reportedly losing investors to Flasko.