Solana

United

Bitcoin ETF

April

<p style="text-align: justify">After the collapse of FTX, it was thought to be over, but with the start of 2023, Solana has begun an incredible rise. During this period, the SOL price increase has attracted the attention of the entire cryptocurrency world.</p> 
<p style="text-align: justify">Tron’s founder Justin Sun highlighted Solana (SOL) and announced an update that could further increase liquidity in the Solana blockchain, following a 61% price increase since December 1, 2023. The recent surge in SOL price has allowed Solana to overtake <a href="https://en.coin-turk.com/binance-restricts-cryptocurrency-trading-in-russia-users-complain/" data-wpel-link="internal">Binance</a> Coin (BNB) in terms of market value, securing the 4th position.</p> 
<h2 style="text-align: justify" id="good-news-for-solana">Good News for Solana</h2> 
<p style="text-align: justify">On Friday, December 22, 2023, Sun shared his plans to integrate the Tron wallet with the Solana blockchain. According to data on the Tronlink website, the Tron wallet has over 10,000,000 users worldwide and supports more than 100,000 tokens.</p> 
<p style="text-align: justify">Justin Sun, tagging Solana co-founder Raj Gokal and Solana Labs co-founder Anatoly Yakovenko on platform X, addressed them with the following words:</p> 
<blockquote> 
 <p>Tron Wallet is exploring integration with the Solana blockchain. What are your thoughts on this potential collaboration?</p> 
</blockquote> 
<p style="text-align: justify">This comes after reports linking the situation to the cryptocurrency exchange Huobi Global, which was previously acquired by Sun. In April 2023, it was announced that Justin Sun had purchased the crypto exchange for approximately $1 billion following the sale of majority shareholder Leon Li’s shares in 2022.</p> 
<p style="text-align: justify">Despite all this, Tron’s founder Sun recently denied having any stake in Huobi. Justin Sun continues his role as a global advisor for the Huobi exchange due to his duties.</p> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-292480-src-https-coin-turk-com-wp-content-uploads-2023-12-justin-sun-jpg-alt-width-2000-height-1330"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-292480" src="https://coin-turk.com/wp-content/uploads/2023/12/justin-sun.jpg" alt="" width="2000" height="1330"></h2> 
<h2 style="text-align: justify" id="will-solana-s-price-reach-100">Will Solana’s Price Reach $100?</h2> 
<p style="text-align: justify">Interestingly, the announcement made by Sun coincided with a period when Solana (SOL) received strong support from institutional investors and surpassed BNB.</p> 
<p style="text-align: justify">At the same time, bigger developments are happening in the crypto market. The likelihood of the U.S. Securities and Exchange Commission (SEC) approving the first spot Bitcoin ETF in the United States is increasing, with the first two weeks of January being indicated. This could potentially trigger a bull run in cryptocurrencies.</p> 
<p style="text-align: justify">In the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> we shared this morning, we reported that institutions and large investors had started selling SOL. Arthur Hayes, one of the founders of the Bitmex exchange, stated that he sold SOL and switched to Ethereum.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/solanas-remarkable-recovery-and-potential-tron-integration/" data-wpel-link="internal">https://en.coin-turk.com/solanas-remarkable-recovery-and-potential-tron-integration/</a>

Solana’s Remarkable Recovery and Potential Tron Integration

Table of Contents

COINTURK NEWS

Other articles published on Dec 22, 2023

Wemade and Singapore's Whampoa Digital in strategic partnership for 100 million USD Web3 Fund

Analyst Examines BTC Halving Hype, Dismisses Anticipations of its Long-Term Impact

Ethereum’s Struggle and Potential Comeback Amidst Bitcoin’s Rise

Render Network Completes the Token transfer to Solana and Introduce BME Model

The Top Crypto News This Week: Hydra Liquidity Mining Upgrades, BlackRock's Bitcoin ETF, Solana O...

What Is Tax2Gas? Will It Bring Terra Luna Classic (LUNC) And USTC Revival To $1?

Join our free newsletter for daily crypto updates!