Author: cryptorecaps.com

Ore might have been the victim of its own success, after becoming one of the most used projects on Solana by transaction count, which in turn could have contributed to the congestion on the network. Ore, a Bitcoin-like mining project built on Solana, has paused operations to focus on the development of an updated “v2” version of its protocol. In an update on X, the Ore team noted that there would be no deadline for users to claim rewards, and existing Ore tokens would be upgradeable to the new v2 token once ready. Hardhat Chad, a pseudonymous Ore contributor who…

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Solana is under scrutiny at the $140 mark. The price is hugging the 100-day Exponential Moving Average right now. It is a bit of a standoff, with Solana trying to hold its ground against downward pressure. On Solana, there is not much buying action happening right now. This lack of enthusiasm can sometimes signal a potential drop in price, as it suggests traders might not be ready to jump in and push the price up. SOL/USDT Chart by TradingView What is adding to the worry is that trading volume is increasing, but in this case, it might not be a…

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