Solana SOL News Today Update! Pyth Network Partnership, The SOL Fund, Price Analysis

Solana SOL News Today Update! Pyth Network Partnership, The SOL Fund, Price Analysis

hey there and welcome back to another video in this video we’re going to go over the latest solana news and updated price analysis before we begin with the video make sure to subscribe to our channel if you want to always be updated on the latest crypto news and if you enjoy crypto related content also if you’re interested in investing into crypto or day trading cryptos don’t forget to check out our link in the description below for the safest crypto exchange that i personally use which allows leveraged trading even in the us with that being said let’s jump straight into the video now so first off let’s check solana at queen market cap and this one is on the 10th spot with a price of 75.08 meaning that there is a 6.30 percent increase from yesterday’s price and a market cap of 21.98 billion pyth network delivers high-speed oracle data to solana mainnet institutional grade data oracle pyth network is set to launch high-speed cross-chain market data on the solana mainnet following integration with interchange d5 portal wormhole 2.0 the network subsecond price feeds will enable the apps on the solana chain to seamlessly integrate price data from cryptocurrency u.s equities foreign exchange and commodities markets with further expansions blend to the pyth network aim at the spreading market data broadcast across ethereum binance marching and terra ecosystems solano has proved to be the perfect main end to kick things off due to the recently launched interchange smart contract portal wormhole 2.0 dave olson president and chief investment officer of jump trading group one of the leading firms involved with pyth believed the project would play a vital role in the adoption of decentralized financial technology this is an exciting development for global market infrastructure as dfi and trade fi continue to converge on the solana blockchain he says that he believes that python’s abilities to connect high fidelity time-sensitive and real-world data with d5 applications will play a critical role in the industry’s evolution to land a proof-of-stake blockchain is capable of matching the transaction speeds of nasdaq and this shall unlock subsequent data potential for the pyth network lending the ability to provide live and accurate snapshots of market data for smart contracts and the apps the native network token sold recently surged to 2.5 billion total value locked across the ecosystem the first of many major ball movements across the altcoin market in the past week pilot’s ability to broadcast cross chain through wormhole in the coming weeks will make it its first real-time institutional great cross chain oracle solution next up as solana attracts institutional interest osprey prepares for the sold fund osprey funds is preparing a private sole fund for high net worth individuals indicating rising institutional interest in the solano network’s thriving native coin the osprey solana trust which was registered with u.s securities authorities on tuesday had no sales as of press time retail traders are now beared from participating since it’s only available to accredited investors that might however change osprey is taking approval for its solana trust to trade on the same over-the-counter platform as its bitcoin trust the u.s securities and exchange commission regulates osprey solano trust which is incorporated in the state of delaware their fiscal year finishes december 31st in terms of financial reporting and the trust looks to be the united states fairest private sole investment entity it comes as a rising number of investors show and interested in solana whose soulcoin has increased by more than 4500 percent this year its value has roughly doubled in the previous week and it now has a market capitalization of over 20 billion according to the sec documents osprey has been working on its own solana trust since at least mid-june grayscale had hinted that its own solana fund was in the works the day before wall street types may acquire exposure to crypto values without actually holding the underlying tokens via trust products like ospreys instead they entrust their money to an investment vehicle that buys and holds their investment for them generally for charge now we’re going to move on to a price analysis but before we do that if you have enjoyed the content so far i ask you to please destroy the like button as it really helps me grow the channel and i really do appreciate it lastly seoul sets another lower high at 74 further downside today solano price analysis is bearish for today as the market set another lower high overnight and currently starts to move lower again therefore we expect sol slash usd to reach further downside later today and target the 58 mark next on the four-hour chart we can see the solana price starting to move lower again which should lead thor’s more downside later today the solana prize action saw a strong advance over the past month from the 22.5 low set on the 20th of july solana slash usd advanced by more than 250 percent until strong resistance was found at the 80 mark last week we saw bulls slow down on their events with only slightly higher highs set at first on tuesday sol attempted another push higher setting a lower high indicating that the market is ready for a substantial retracement over the next weeks this solano price action development was followed by a further decline over the last days solo slash usd broke the past 70 mark and started to move an increasingly more bearish momentum indicating that we could see the 58 previous all-time high retested as a support by the end of this week alright everyone so that’s it for today’s video if you got some valuable information out of it please don’t forget to give it a like and also leave a comment down below on what you think subscribe and hit the bell to receive notifications every time we post a new video as always i’ll be seeing you in the next one and now i’ll leave you with the crypto meme of the day bye
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Solana SOL News Today Update! Pyth Network Partnership, The SOL Fund, Price Analysis

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