The native cryptocurrency of the Solana blockchain (SOL) has reached a brand new all-time excessive, superseding XRP at #6 in market capitalization.
SOL achieved a brand new all-time excessive earlier right this moment, reaching $218.25, according to CoinGecko. SOL had been increasing steadily since September 21, however the upward transfer got here to a short lived halt on October 3, after SOL was rejected on the $170 resistance space. Nevertheless, SOL managed to interrupt out on October 19 and has been rising at an accelerated fee since. Having reached the brand new all-time excessive, the subsequent resistance might be discovered at $277.
With the surge in market capitalization, SOL has now surpassed XRP at #6 with a market capitalization of $64 billion. Simply $5 billion shy of fifth place, SOL might be coming for Cardano subsequent.
NFTs & FTX
Each Solana and its related change FTX have been on a roll lately, significantly in regard to NFTs. Earlier in October, a Solana Monkey NFT was sold for a record-breaking $2 million, only one month after the sale of the primary NFT on the Solana blockchain. The NFT in query is a part of the 5,000 robust ‘Solana Cash Enterprise’ assortment and is just named ‘Solana Monkey #1355’. This current sale far exceeds the common sale value for a Solana Monkeys, which have offered for a median of 422 SOL, roughly $74,272 per Monkey, based on information from Solanalysis.
In the meantime, FTX has debuted its personal NFT market, permitting customers to mint and commerce Solana NFTs. Presently, NFTs deposited to the brand new FTX US market have to be listed in Solana (SOL). If the NFTs are minted on FTX US, they can be listed in ETH and USD through ACH cost or bank cards. The platform takes a 2% price from each the customer and vendor for every sale or commerce together with a $1 price to mint or to record your individual NFT artwork.
In a collection of tweets in regards to the launch, FTX US President Brett Harrison clarified a couple of lingering questions in regards to the platform. He acknowledged that if customers presently have NFTs from collections that aren’t verified by FTX, they will nonetheless be deposited and shall be reviewed and verified. Harrison added that, not like NFT creators, NFT holders could be unable to obtain any royalties from their digital purchases.
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