Solana has been on an incredible run currently but plainly the network is removed from done. Essentially the most recent development is an acquisition of the official Solana explorer generally known as Solscan by the leading blockchain explorer within the crypto industry.
Etherscan Takes Over Solscan
The name Etherscan has develop into synonymous with blockchain exploration, serving large names comparable to Ethereum and Avalanche over time. Because it continues to expand, it has added the most important blockchain explorer on the Solana network.
On Wednesday, January 3, Etherscan took to their X (formerly Twitter) account to announce the brand new acquisition. It revealed that Solscan is now officially a part of the Etherscan ecosystem. “With the addition of @solscanofficial to the team, we hope to proceed executing on our vision of providing credibly neutral and equitable access to blockchain data.”
This acquisition comes just mere months after the blockchain explorer needed to path ways with certainly one of its biggest clients, Avalanche. The Avalanche network had, in 2023, revealed that it will stop using the Etherscan service for its official explorer.
Apparently, the crypto firm had been paying upwards of $2 million a 12 months to Etherscan to make use of their technology for his or her Snowtrace blockchain explorer. Avalanche would eventually partner with a smaller and lesser-known service provider, but in the method would offer a cross-chain service now domiciled on the identical Snowtrace website.
SOL price trending at $107 | Source: SOLUSD on Tradingview.com
Solana On The Verge Of Greater Things
Solana is currently on the lips of each investor who is just not only looking toward the recovery of the asset’s price but additionally the expansion of tokens on the blockchain. Solana has since evolved to develop into the house of meme coins, beating out Ethereum for DEX volume, in addition to USDT volume.
Amid this, there have been calls for the continued rise of the SOL price. One analyst PS Trade believes that the coin’s price might be headed to $1,000. In accordance with the evaluation posted on TradingView, the analyst says there might be one other attempt for a breakout toward $148-$158 before the local top is in.
From there, once FTX begins to sell to pay back creditors, PS Trade expects the SOL price to fall back between $45 and $70, which they discover as a buy point. From this level, a 1,500% to 2,000% growth is predicted which can push the worth above $1,000.
The crypto evaluation also lauded the network for its resiliency following the FTX collapse. “SOLANA has shown its resilience and dexterity of the project creators. They managed to revive a project that appeared to have drowned together with FTX,” PS Trade said.
Featured image from Coinfomania, chart from Tradingview.com