bullish

Solana

Identity

Bitcoin ETF

Spot

<ul>
 <li>Solana recently announced the launch of Solana Actions and blockchain links (blinks), enabling seamless on-chain transactions across various platforms.</li>
 <li>Solana is poised for a major price surge following VanEck’s filing to offer a Solana ETF.</li>
</ul>
Solana recently <a href="https://x.com/mintdotblink/status/1816843551273103489" target="_blank" rel="noopener noreferrer nofollow">announced </a>the launch of&nbsp; Solana Actions and blockchain links (blinks).&nbsp; Serving as a bridge between Web 2 and Web 3, this advanced tool is set to remodel how blockchain transactions are integrated into various platforms.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Solana Blinks <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> Identity
 Today, we’re launching .blink – your composable identity on <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a>
 Claim yours via Solana actions and blinks, powered by <a href="https://twitter.com/saydialect?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@saydialect</a>
 More details<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UTHvX8QXt9" rel="noopener noreferrer nofollow">pic.twitter.com/UTHvX8QXt9</a>
 — dotblink (@mintdotblink) <a href="https://twitter.com/mintdotblink/status/1816843551273103489?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In essence, Solana Action enables users to transact on-chain transactions from any platform. This includes websites, social media, and even physical QR codes. Developers can effortlessly integrate these actions into their applications, offering users a seamless way to interact with the Solana ecosystem.
Best of all, Blinks introduces an even more exciting element. Blinks transforms any Action into a shareable link, allowing any website capable of displaying a URL to initiate a Solana transaction. Candidly, websites and social media can act as an immediate connection for on-chain transactions, without redirecting users to other applications.&nbsp;
According to Jon Wong, Head of Ecosystem Engineering at the Solana Foundation, Blink is part of the broader strategy to attain widespread adoption.&nbsp;
<blockquote>
 Access to blockchain protocols has long been isolated to dApps and other wallet-aware tools. Now, Actions and blinks on Solana allow any website and application on the internet to be a distribution point for on-chain interactions – furthering the goal of mainstream adoption,&nbsp;
</blockquote>
Expressing enthusiasm for Blink, Jon Wong added that:
<blockquote>
 These simple yet powerful tools bring blockchain to everyone, everywhere by lowering the barriers to entry and paving the way for broader adoption of blockchain-based transactions.
</blockquote>
Additionally, Chris Osborn, Founder of Dialect highlighted the importance of this new tool citing an instance where users can buy an NFT, tip a creator, receive money, vote, stake, and swap directly from their social media feed without leaving the platform.&nbsp;
Blinks’ implications are momentous. Easing accessibility only fuels Solana’s rate of adoption. It’s also a pivotal moment in the broader blockchain landscape as it drives toward a more interconnected and decentralized digital world.
<h3 id="strong-solana-sol-price-analysis-strong">Solana (SOL) Price Analysis</h3>
Bearing in mind this new development, SOL is at the time of writing, <a href="https://www.crypto-news-flash.com/marketcap/" target="_blank" rel="noopener noreferrer nofollow">swapping hands</a> at $191.52 marking a 4.15% and 7.27% surge in the last 24 hours and past week respectively.&nbsp;
<div class="cryptoboxes" id="mcw-126000" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="solana" data-symbol="SOL" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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As earlier reported, a&nbsp;prominent crypto analyst shared a <a href="https://www.crypto-news-flash.com/solana-poised-for-900-rally-analyst-reveals-bitcoin-and-dogecoin-insights/" target="_blank" rel="noopener noreferrer nofollow">bullish prediction</a>&nbsp;for Solana. Ali Martinez predicted that Solana could witness a potential 900% surge propelling its price to a staggering $1,600 by early 2025. This bullish prediction comes after Solana’s recent break out of a bullish pennant formation. The aforementioned technical pattern is often associated with significant price surges.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> has officially broken out from this bull pennant, suggesting a potential 900% rally ahead. <a href="https://t.co/CWQdWGny0X" rel="noopener noreferrer nofollow">pic.twitter.com/CWQdWGny0X</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1816222323109732386?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Additionally, crypto market maker, GSR markets have come about an 8.9x prediction for Solana. This bullish prediction is rooted in the recent VanECK filing to issue a Spot Solana ETF.&nbsp; This prediction means that the potential <a href="https://www.crypto-news-flash.com/solana-etf-chances-grow-after-1500000000000-franklin-templeton-praises-sol-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">Solana ETF</a> will take in 14% of the Bitcoin ETF share.
According to GSR’s best-case scenario, SOL would move from its current price value of $191.25 soaring to 1702.125 while Solana’s market cap would increase to $614 billion.

Solana Unveils Blink: Your Composable Identity on the Blockchain

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Crypto News Flash

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