SOL achieved a brand new all-time excessive earlier in the present day, reaching $218.25, according to CoinGecko. SOL had been increasing steadily since September 21, however the upward transfer got here to a brief 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 growing at an accelerated fee since. Having reached the brand new all-time excessive, the subsequent resistance may very well 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 may very well be coming for Cardano subsequent.
NFTs & FTX
Each Solana and its related trade FTX have been on a roll not too long ago, notably 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 solely named ‘Solana Monkey #1355’. This latest sale far exceeds the typical sale worth for a Solana Monkeys, which have offered for a median of 422 SOL, roughly $74,272 per Monkey, in accordance with information from Solanalysis.
In the meantime, FTX has debuted its personal NFT market, permitting customers to mint and commerce Solana NFTs. At the moment, 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 fee or bank cards. The platform takes a 2% charge from each the client and vendor for every sale or commerce together with a $1 charge to mint or to checklist your personal NFT artwork.
In a sequence of tweets concerning the launch, FTX US President Brett Harrison clarified just a few lingering questions concerning the platform. He acknowledged that if customers at the moment have NFTs from collections that aren’t verified by FTX, they’ll nonetheless be deposited and might be reviewed and verified. Harrison added that, in contrast to NFT creators, NFT holders could be unable to obtain any royalties from their digital purchases.
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