Solana NFTs enjoy some limelight but SOL prefers to lurk in the shadows – AMBCrypto News

Solana NFTs enjoy some limelight but SOL prefers to lurk in the shadows
What does Aave’s growth on Arbitrum mean for the current state of L2s
MATIC reclaims $0.9, here are some levels traders can keep an eye on
Bitcoin miners, BTC halving rates, and what HODLers can expect in 2024
LINK hits three-week low, but whale behavior could compel traders to…
Bitcoin miners, BTC halving rates, and what HODLers can expect in 2024
Bitcoin [BTC] accumulation rallies, but is there a chance of a price surge?
Bitcoin (BTC) Price Prediction 2025-2030: BTC holders can expect $69,000 by…
Bitcoin whales show accumulation restraint: What does it mean for BTC?
Bitcoin takes a bullish stance but does that guarantee a buyer interest in BTC
What does Aave’s growth on Arbitrum mean for the current state of L2s
ETH has a bullish structure but aggressive profit taking could be key for bulls
Ethereum (ETH) Price Prediction 2025-2030: Should you short ETH in 2023?
Ethereum Merge approaches its 3-month anniversary, and metrics look quite…
Staking withdrawals prioritized in Ethereum’s upcoming Shanghai upgrade

Solana Daily, a Twitter account that posts updates related to the Solana [SOL] ecosystem, recently revealed the developments that happened in Solana’s NFT marketplace over the past week.
For instance, Magic Eden launched its new Open Creator Protocol (OCP). It is a no-code solution that would enrich the utility of a token and personalize token actions.
Solana NFTs Highlights (Week 50)
🔸@MagicEden launched Open Creator Protocol (OCP)
🔸MagicEden partnered with @stripe
🔸@metaplex Royalties Update
🔸@Stepnofficial Genesis Shoebox Giveaway
🔸@DegenerateNews will be the first to mint on Magic Eden's launchpad#SolanaNFTs @solana
— Solana Daily (@solana_daily) December 10, 2022

Read Solana’s [SOL] Price Prediction 2023-2024
Additionally, Magic Eden partnered with Stripe to help the community trade NFTs more easily. Interestingly, Magic Eden also topped the list of the top Solana Marketplaces in user growth last month. Mean Dao and Saber Labs completed the top 3.
Top Solana Marketplaces with the Users Growth Last Month@MagicEden@meanfinance@Saber_HQ@rarible@raydiumprotocol@MercurialFi@solendprotocol@dappradar #Solana #NFT $SOL
— Solana Daily (@solana_daily) December 9, 2022

Santiment’s data revealed that apart from the aforementioned developments, Solana’s NFT ecosystem also witnessed growth in terms of volume. Its total NFT trade count and total NFT trade volume in USD spiked last week.
Source: Santiment
As per DeFiLlama’s data, Solana’s total value locked (TVL) also registered an increase over the last two days. Interestingly, Solana ranked fourth on the list of top projects in terms of TVL. 
⚡️Top Projects by Total Staked Value
Source: @StakingRewards
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) December 9, 2022

Solana recently announced the launch of DVT-1, Saga’s developer unit program, and gave early access to a limited group of developers. The new program allowed developers access to an early, pre-production version of Saga so that they may build, test, and refine it on actual hardware.
Calling all developers!
We are launching DVT-1, Saga’s developer unit program, and giving early access to a limited group of developers
If you are committed to building the future of Web3 on mobile, join us and build
Reserve your DVT-1 at
1/ of 🧵
— Solana Mobile (@solanamobile) December 9, 2022

All these developments looked promising for the blockchain and had the potential to fuel a new bull run. 
However, things didn’t turn out to be favorable for Solana in terms of its performance on the chart. SOL failed to please its investors as it merely registered over 1% in weekly gains.
As per CoinMarketCap, at press time, SOL was trading at $13.64 with a market capitalization of more than $4.99 billion. 
A look at SOL’s daily chart painted an ambiguous picture. A few market indicators were in favor of SOL while others suggested a price plummet. The Exponential Moving Average (EMA) Ribbon, for example, revealed sellers’ market advantage. The Relative Strength Index (RSI) was also resting below the neutral mark, which was a bearish signal.
Nonetheless, the Moving Average Convergence Divergence (MACD) registered a bullish crossover, giving investors hope for a price surge in the coming days. The Chaikin Money Flow (CMF) was also relatively up, which was a positive sign.
Source: TradingView

What does Aave’s growth on Arbitrum mean for the current state of L2s
Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot’s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S – There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/
Solana (SOL) Price Prediction 2025-30: Will Solana cross $100 by 2024?
Solana, its daily transactions, and everything latest for your next trade
Solana’s NFT ecosystem stands at the forefront; can SOL claim the same
Here’s what to expect from Solana [SOL] in the last weeks of 2022
Going short on SOL? You may want to consider what is at ‘stake’
Reasons why Solana [SOL] holders can still consider going long
Your email address will not be published.

Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.


Leave a Comment