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Solana (SOL) Price Surpasses $200 Mark and Eyes for a New ATH!

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Solana (SOL) Price Surpasses $200 Mark and Eyes for a New ATH!
  • SOL’s monthly time frame has been fairly bullish lately.
  • Synchrony Finance secured $4.2 million in strategic capital.

Bitcoin price hit $64.2K on Wednesday and is now trading at $64.8K on Thursday. Solana, the sixth most valued cryptocurrency, outperforms. SOL drew in all the bulls, gaining 12.4% on the past day.

SOL hit a high of $214.14 just before publication. With few technical resistance levels, the market seems poised to rise. Globally, the bitcoin market is quite bullish, which might lead to further volatility.

SOL’s monthly time frame has been fairly bullish lately, but it has begun to reject and lose momentum. This shows the bulls’ long-held market control is starting to unravel.

Price Has Steadily Increased

After reaching an all-time high of $214.96 in September, the SOL currency has steadily increased since January 2021. SOL may easily surpass $200 and the critical resistance level of $215.

Solana SOL Price Surpasses 200 Mark and Eyes for a
SOL/USDT: Source: TradingView

The bullish triangle’s target is $226. Sellers may swap their Solana between $200 and the all-time high of $216. Upon a break of $195, two areas may provide significant resistance. MonkeyBall, a play-to-earn gaming platform, has closed a recent fundraising round of over $3 million from venture and angel investors.

Synchrony Finance, a Solana-based asset management firm, secured $4.2 million in strategic capital. Andrew Fraser, the co-founder of Synchrony, said that the money was raised in two stages: seed and private. According to CoinMarketCap, the SOL price today is $207.35 and the 24-hour trading volume of $7,149,607,088.

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ICON’s BTP Interoperability Ecosystem To Integrate Algorand

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ICON's BTP Interoperability Ecosystem To Integrate Algorand
  • All current integration will be linked directly to Algorand.
  • The ICON network’s native cryptocurrency is ICX.

The Algorand Foundation announced a grant partnership with ICON. ICON has been awarded an Algorand Foundation Bridges SupaGrant to integrate Algorand into ICON’s BTP Interoperability Ecosystem, helping support the growth of a vibrant, diverse and thriving Algorand ecosystem. 

To ensure the security of Algorand’s BTP integration, Algorand’s external partner will conduct a security assessment of the bridging interface. Algorand has joined the BTP Working Group’s increasing network of interoperable connections with this BTP integration.

Silvio Micali and his team of top scientists created the Algorand protocol and open-source software, which the Algorand Foundation is committed to using to achieve the worldwide potential of blockchain technology. The Algorand Foundation has a vision for an inclusive ecosystem that allows everyone to benefit from the promise of a fair and genuinely borderless economy, based on its basic ideas about the construction of an open, public, and permissionless blockchain.

Flagship Interoperability Solution

ICON is a new-generation blockchain technology featuring smart contract capability and interoperability founded in 2017 by the ICON Foundation. The ICON network’s native cryptocurrency is ICX. ICON accomplishes as an aggregator chain, a web of interconnecting networks that aggregates all blockchain data onto one layer. ICON’s “Blockchain Transmission Protocol” (BTP) is a groundbreaking interoperability solution that connects all integrated blockchains.

Using encryption, BTP is ICON’s flagship interoperability solution, both decentralized and trustless. The BTP ecosystem presently includes Algorand, ICON, Binance Smart Chain, Polkadot and Kusama ecosystems, Harmony, Near, with a few more to be added shortly. With Algorand’s connection to the BTP partners, all current integration will be linked directly to Algorand.

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Jack Dorsey Backed Cash App Integrates Bitcoin Lightning Network

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Gold Fever $NGL is coming to the Kucoin exchange