{"id":506272,"date":"2022-10-14T11:26:01","date_gmt":"2022-10-14T11:26:01","guid":{"rendered":"https:\/\/wncen.com\/?p=506272"},"modified":"2022-10-14T11:26:01","modified_gmt":"2022-10-14T11:26:01","slug":"who-shines-brighter-solana-beats-altcoin-king-ethereum-in-this-key-area","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/who-shines-brighter-solana-beats-altcoin-king-ethereum-in-this-key-area\/","title":{"rendered":"Who Shines Brighter? Solana Beats Altcoin King Ethereum In This Key Area"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Solana fell into a four-month low of $28.35 during the early morning of October 13, plummeting below the $30 marker again for the first time since June 13 when it changed hands at $28.19.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although the altcoin is not just the only one that suffered as many other cryptocurrencies including pack leaders Bitcoin and Ethereum painted their charts in red, SOL was hit the hardest.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto, however, was able to trim its losses, moving back above the $30 range. At press time, tracking from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\"> shows the asset is trading at $31.36.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the rebound, Solana is still down by 5.9% over the past 7 days and is second to Cardano in terms of losses during the same time period among the top 10 cryptocurrencies in terms of market capitalization.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But despite being hit hard by price correction, Solana was able to surpass the king of all altcoins, Ethereum, in a category that may surprise a lot of people involved in crypto space.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\/\"> Dogecoin Can Regain Losses If DOGE Extricates Itself From This Level<\/a><\/div>\n<h2><b>Solana Beats Ethereum In NFT Space<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Solana increased its non-fungible tokens (NFT) sales over the last 30 days by 100%, beating other blockchains including Ethereum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data shared on social media by Solana Daily, SOL ranked 2<\/span><span style=\"font-weight: 400\">nd<\/span><span style=\"font-weight: 400\">, placing behind Immutable (IMX) in terms of NFT sales growth over a period of one month.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u2728 Top Blockchains by NFT Sales Growth Last 30D<a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@ethereum<\/a> -17%<a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@solana<\/a> +100% ???<a href=\"https:\/\/twitter.com\/hashtag\/FLOW?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#FLOW<\/a> <a href=\"https:\/\/twitter.com\/flow_blockchain?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@flow_blockchain<\/a> +36%<a href=\"https:\/\/twitter.com\/hashtag\/IMX?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#IMX<\/a> <a href=\"https:\/\/twitter.com\/Immutable?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Immutable<\/a> +112%<a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BNB<\/a> <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@binance<\/a> -26% <a href=\"https:\/\/t.co\/BPpp4aECkz\" rel=\"nofollow\">pic.twitter.com\/BPpp4aECkz<\/a><\/p>\n<p>\u2014 Solana Daily (@solana_daily) <a href=\"https:\/\/twitter.com\/solana_daily\/status\/59695616?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 12, 2022<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">IMX was able to increase its sales by 112%. Meanwhile, Flow Blockchain was able to register a 36% increase.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum performed poorly in the department, as its sales growth during the period was -17%. Binance was another network that had negative growth with its -26%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, Solana was also included in the top 10 trending cryptocurrencies according to searches made on Coingecko.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Incidentally, it is the only one among the top 10 digital currencies in terms of market cap to make the trending list, leaving out bitcoin and ethereum.<\/span><\/p>\n<h2><b>Haunted By Mango Hack<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Although Solana was able to score victories over its fellow cryptocurrencies in other departments, its chart remained painted in red and was -10% in terms of weekly gains.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One potential reason for this poor showing could be the recent hacking of the Mango DeFi project built on the Solana blockchain.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We will be disabling deposits on the front end as a precaution, and will keep you updated as the situation evolves.<\/p>\n<p>If you have any information, please contact  to discuss a bounty for the return of funds. 2\/<\/p>\n<p>\u2014 Mango (@mangomarkets) <a href=\"https:\/\/twitter.com\/mangomarkets\/status\/09102081?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 11, 2022<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Hackers were able to gain significant number of loans from the company treasury after exploiting Mango\u2019s collateral. Initial assessment placed losses to over $100 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, last week, Solana\u2019s development activity witnessed a decline which casted the impression of lesser efforts from developers to improve the network.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/chiliz-social-mentions-hit-highest-level-in-last-90-days\/\"> Chiliz Social Mentions Hit Highest Level In Last 90 Days \u2013 Can CHZ Price Be As Hot?<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/eVKYCSl4\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">SOL total market cap at $11.26 billion on the daily chart | Featured image from WallpaperAccess, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Solana fell into a four-month low of $28.35 during the early morning of October 13, plummeting below the $30 marker again for the first time since June 13 when it changed hands at $28.19. Although the altcoin is not just the only one that suffered as many other cryptocurrencies including pack leaders Bitcoin and Ethereum painted their charts in red, SOL was hit the hardest. The crypto, however, was able to trim its losses, moving back above the $30 range. At press time, tracking from Coingecko shows the asset is trading at $31.36. Despite the rebound, Solana is still down by 5.9% over the past 7 days and is second to Cardano in terms of losses during the same time period among the top 10 cryptocurrencies in terms of market capitalization. But despite being hit hard by price correction, Solana was able to surpass the king of all altcoins, Ethereum, in a category that may surprise a lot of people involved in crypto space. Related Reading: Dogecoin Can Regain Losses If DOGE Extricates Itself From This Level Solana Beats Ethereum In NFT Space Solana increased its non-fungible tokens (NFT) sales over the last 30 days by 100%, beating other blockchains including Ethereum. According to data shared on social media by Solana Daily, SOL ranked 2nd, placing behind Immutable (IMX) in terms of NFT sales growth over a period of one month. \u2728 Top Blockchains by NFT Sales Growth Last 30D#ETH @ethereum -17%#SOL @solana +100% ???#FLOW @flow_blockchain +36%#IMX @Immutable +112%#BNB @binance -26% pic.twitter.com\/BPpp4aECkz \u2014 Solana Daily (@solana_daily) October 12, 2022 IMX was able to increase its sales by 112%. Meanwhile, Flow Blockchain was able to register a 36% increase. Ethereum performed poorly in the department, as its sales growth during the period was -17%. Binance was another network that had negative growth with its -26%. In addition, Solana was also included in the top 10 trending cryptocurrencies according to searches made on Coingecko. Incidentally, it is the only one among the top 10 digital currencies in terms of market cap to make the trending list, leaving out bitcoin and ethereum. Haunted By Mango Hack Although Solana was able to score victories over its fellow cryptocurrencies in other departments, its chart remained painted in red and was -10% in terms of weekly gains. One potential reason for this poor showing could be the recent hacking of the Mango DeFi project built on the Solana blockchain. We will be disabling deposits on the front end as a precaution, and will keep you updated as the situation evolves. If you have any information, please contact  to discuss a bounty for the return of funds. 2\/ \u2014 Mango (@mangomarkets) October 11, 2022 Hackers were able to gain significant number of loans from the company treasury after exploiting Mango\u2019s collateral. Initial assessment placed losses to over $100 million. In addition, last week, Solana\u2019s development activity witnessed a decline which casted the impression of lesser efforts from developers to improve the network. Related Reading: Chiliz Social Mentions Hit Highest Level In Last 90 Days \u2013 Can CHZ Price Be As Hot? SOL total market cap at $11.26 billion on the daily chart | Featured image from WallpaperAccess, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":506273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,1119,1144,8323,1946,8686,12837,83626],"class_list":["post-506272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-eth","tag-ethereum","tag-ethusd","tag-sol","tag-solana"],"acf":[],"yoast_head":"\n<title>Who Shines Brighter? 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Who Shines Brighter? 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