3 months ago
FED's Raphael Bostic hints at possible 50bps rate cut in November if job data weakens.
3 months ago
$HONEY , $MPLX , $CROWN Lead Solana Ecosystem Token Performance During Breakpoint
Which native tokens outperformed the market during Solana Breakpoint 2024?
Solana Breakpoint delivered a bounty of massive announcements not only for Solana, but also for a host of applications and projects building in the ecosystem.
However, market dynamics don’t always line up with protocol updates. Hype and speculation can push prices up ahead of the event, only to be met with disappointing price action when teams don’t deliver the news traders are hoping to hear.
On the other hand, projects that were ignored by speculative traders can enjoy solid price appreciation when they deliver unexpected announcements.
In the eyes of the market, who were Solana Breakpoint’s best and worst performers?
Solana Breakpoint Market Dynamics
To illustrate market dynamics during Breakpoint, analysts compiled and analyzed price data from 20 key projects in the ecosystem. Tokens were shortlisted from the following criteria:
In the industry’s top 1,000 tokens by market capitalization.
Made announcements, or participated in Breakpoint panels and debates.
If not presenting at the event, proven ecosystem OGs like Orca and Raydium were included.
Other than BONK Memecoins were excluded. BONK’s inclusion is due to its announcements and significant presence at the event.
Using Step Finance data, prices were pulled from Breakpoint’s opening and compared that with the price recorded at the closure of the event.
While the market anticipated big announcements from the likes of Jupiter and Sanctum, it was the projects that no one expected updates from who performed the best. $HONEY , $MPLX , and $CROWN outperformed the market, while most of the ecosystem remained largely unchanged.
Hivemapper, the company behind $HONEY , shared impressive growth statistics. The DePIN protocol has successfully mapped over 26% of the world’s road network and now sells mapping data to three of the ten largest mapmakers.
Metaplex, one of Solana’s longest-standing infrastructure providers, held a stealthy presentation in The Pod, one of Breakpoint’s smaller spaces. During the session, Metaplex teased the upcoming launch of the Metaplex Aura Network, a mysterious new addition to Metaplex’s product suite.
Finally, Photo Finish announced that its mobile app was approved for distribution on the Apple App Store. According to Photo Finish CEO, this makes the app the world’s first real-money horse racing mobile game approved by Apple.
However, Breakpoint is a relatively short event with plenty of other dynamics influencing price movements. For example, $CLOUD’s appears to have traded sideways during Breakpoint, but it needs to be said that the asset enjoyed an impressive surge both before and after the event.
Despite stale price action throughout Breakpoint, $CLOUD is up 67% on a weekly time frame and has been one of the Solana ecosystem’s best performers, based on Step Finance data.
Which native tokens outperformed the market during Solana Breakpoint 2024?
Solana Breakpoint delivered a bounty of massive announcements not only for Solana, but also for a host of applications and projects building in the ecosystem.
However, market dynamics don’t always line up with protocol updates. Hype and speculation can push prices up ahead of the event, only to be met with disappointing price action when teams don’t deliver the news traders are hoping to hear.
On the other hand, projects that were ignored by speculative traders can enjoy solid price appreciation when they deliver unexpected announcements.
In the eyes of the market, who were Solana Breakpoint’s best and worst performers?
Solana Breakpoint Market Dynamics
To illustrate market dynamics during Breakpoint, analysts compiled and analyzed price data from 20 key projects in the ecosystem. Tokens were shortlisted from the following criteria:
In the industry’s top 1,000 tokens by market capitalization.
Made announcements, or participated in Breakpoint panels and debates.
If not presenting at the event, proven ecosystem OGs like Orca and Raydium were included.
Other than BONK Memecoins were excluded. BONK’s inclusion is due to its announcements and significant presence at the event.
Using Step Finance data, prices were pulled from Breakpoint’s opening and compared that with the price recorded at the closure of the event.
While the market anticipated big announcements from the likes of Jupiter and Sanctum, it was the projects that no one expected updates from who performed the best. $HONEY , $MPLX , and $CROWN outperformed the market, while most of the ecosystem remained largely unchanged.
Hivemapper, the company behind $HONEY , shared impressive growth statistics. The DePIN protocol has successfully mapped over 26% of the world’s road network and now sells mapping data to three of the ten largest mapmakers.
Metaplex, one of Solana’s longest-standing infrastructure providers, held a stealthy presentation in The Pod, one of Breakpoint’s smaller spaces. During the session, Metaplex teased the upcoming launch of the Metaplex Aura Network, a mysterious new addition to Metaplex’s product suite.
Finally, Photo Finish announced that its mobile app was approved for distribution on the Apple App Store. According to Photo Finish CEO, this makes the app the world’s first real-money horse racing mobile game approved by Apple.
However, Breakpoint is a relatively short event with plenty of other dynamics influencing price movements. For example, $CLOUD’s appears to have traded sideways during Breakpoint, but it needs to be said that the asset enjoyed an impressive surge both before and after the event.
Despite stale price action throughout Breakpoint, $CLOUD is up 67% on a weekly time frame and has been one of the Solana ecosystem’s best performers, based on Step Finance data.
3 months ago
Big shout out to davidgokhshtein (https://twitter.com/davidg...) for pulling #POPDOG up on stage and saying some very kind words about the project 🤜🤛 ❤️🐶
3 months ago
Good boy #POPDOG ! 🐶🎾🦴
You sure taught all the bottom selling JEETS a lesson over the weekend! 🤗
BULL FLAG LOADING 👀 🐂 🚀🚀🚀
MORE GREEN CANDLES incoming!
🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
You sure taught all the bottom selling JEETS a lesson over the weekend! 🤗
BULL FLAG LOADING 👀 🐂 🚀🚀🚀
MORE GREEN CANDLES incoming!
🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
3 months ago
Dan Albert the Executive director of Solana Foundation argues for why SolanaFndn should be dissolved at Solana Breakpoint 2024
3 months ago
POPDOG is speaker at
RonnieRiches MEME chill and shill. Come listen and support! 🐶🎤
https://x.com/i/spaces/1Yq...
RonnieRiches MEME chill and shill. Come listen and support! 🐶🎤
https://x.com/i/spaces/1Yq...
3 months ago
As Temi ignites the spark, something big is on the horizon. Hold tight because this is just the beginning. 🔥💣
linktr.ee/temisolana
#TemiRevolution
linktr.ee/temisolana
#TemiRevolution
3 months ago
Phantom integrates with Mayan Finance with would now allow users to bridge from ETH to 30+ Solana tokens.
3 months ago
$POPDOG is speaker at Crypto Town Hall hosted by tankabagnale (https://twitter.com/tankab...). Come hang out and support ! 🐶🎤
https://twitter.com/i/spac...
https://twitter.com/i/spac...
3 months ago
Bitcoin Dominance Hits 3-Year High
Bitcoin's market cap has surged to 57% of the total crypto market, its highest level since April 2021.
Bitcoin's market cap has surged to 57% of the total crypto market, its highest level since April 2021.
3 months ago
The 2024 Energy Impact Report reveals solana's carbon footprint reduction by 69% since December 2023. The network achieves this via on-chain carbon credits, innovative biodiversity credits, and a MiCA-compliant real-time emissions dashboard.
3 months ago
Marinade Finance hires Hadley Stern, ex-president of Fidelity Digital Asset Services, as Chief Commercial Officer to enhance its Solana staking solution and strengthen its position in the digital asset industry.
3 months ago
3 months ago
$POPDOG ‘s phone stays in hand even when entertaining the ladies 🐶🤳🟢🟢
Because he’s gota speak at UToobCoin (https://x.com/UToobCoin) MEME Shill Space. Come support 💪
https://x.com/UToobCoin/st...
Because he’s gota speak at UToobCoin (https://x.com/UToobCoin) MEME Shill Space. Come support 💪
https://x.com/UToobCoin/st...
4 months ago
The crypto market jumps as the US unemployment rate hits 4.2% as expected compared to 4.3% previously easing recession fears. Investors are bracing for September rate cuts, and optimism grows over the market’s near-term outlook.
4 months ago
🚨 Fed official John Williams supports a series of interest rate cuts
4 months ago
🤯 That's what drops are all about
During a party at his house, a guy decided to check out a drop from GRASS. After seeing it, he smashed his monitor in front of all the guests.
That's the limit of frustration 😟
During a party at his house, a guy decided to check out a drop from GRASS. After seeing it, he smashed his monitor in front of all the guests.
That's the limit of frustration 😟
4 months ago
$POPDOG is rolling up in style to MediaGiraffes (https://x.com/MediaGiraffe...)
space who is part HelloMoon_io (https://x.com/HelloMoon_io) one of our favorite partners! 🐶🌕
$POPDOG is speaker! Come hang out and support! 🐶🎤
https://x.com/MediaGiraffe...
space who is part HelloMoon_io (https://x.com/HelloMoon_io) one of our favorite partners! 🐶🌕
$POPDOG is speaker! Come hang out and support! 🐶🎤
https://x.com/MediaGiraffe...
4 months ago
Sonic SVM, the first Atomic SVM chain on Solana, has announced a $12 .8M HyperGrid node sale which is the first of its kind on Solana. The sale, which features 50,000 "HyperFuse nodes," begins in three stages:
- A Tier 1 Raffle on 9/16
- A Whitelist Sale on 9/18
- A Public Sale on 9/19.
- A Tier 1 Raffle on 9/16
- A Whitelist Sale on 9/18
- A Public Sale on 9/19.
