Plunge

Stablecoin

Patrick

Solana

Coin

<ul class="news-points"> 
 <li><strong>Visa’s USDC settlement boost gives Solana a competitive edge in crypto.</strong></li> 
 <li><strong>FTX’s looming liquidation casts a shadow of uncertainty over Solana’s market stability.</strong></li> 
 <li><strong>Solana’s price hovers at a critical support level, while resistance at $19.84 could trigger a bullish rally.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/tag/solana-sol/">Solana’s (SOL)</a> price has recently shown resilience after Visa announced its plans to introduce USDC settlement over the Solana network. However, the market also buzzes with speculation around potential liquidation by the FTX exchange, which holds a substantial amount of Solana tokens.</p> 
<h2 class="wp-block-heading" id="h-visa-announcement-boosts-solana"><a></a><strong>Visa Announcement Boosts Solana</strong></h2> 
<p>Last Tuesday, <a href="https://coinedition.com/will-visas-expansion-of-stablecoin-settlement-to-solana-drive-sol-prices-up/">Visa</a> revealed its intention to facilitate USDC settlements on Solana, which increased the cryptocurrency’s price by 4.39% to $20.25. Besides this, other major cryptocurrencies like Bitcoin and Ethereum stayed relatively flat. The announcement is a big vote of confidence in Solana, which many see as a viable Ethereum alternative because of its speed and low costs.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Stablecoin payments are the killer use case everyone is looking into <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/CrMR3rOrBR" target="_blank" rel="nofollow">https://t.co/CrMR3rOrBR</a></p>— Patrick Hansen (@paddi_hansen) <a href="https://twitter.com/paddi_hansen/status/1699035893070213617?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 5, 2023</a>
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<p>In addition, PayPal USD, its branded stablecoin, went p…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/sol-uncertainty-buy-opportunity-or-8-plunge-amid-ftx-liquidation/">SOL Uncertainty: Buy Opportunity or $8 Plunge Amid FTX Liquidation?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SOL Uncertainty: Buy Opportunity or $8 Plunge Amid FTX Liquidation?

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