Solana proposes a new move to silence critical-driven R&D

Solana hasn’t seen the best of months, with the altcoin down 31% since August. However, there was a new twist on it github.

What is the next step?

The Solana team appears to have incorporated the Move language into their development strategy. Move is a programming language created by Meta, with the same goal of being the best programming language for Web3 developers.

This modernization has contributed to the decline of development activity to the stage of stability. In fact, it is now likely that the interest of developers will only increase over time as developers get used to the Move technology.

Source: feeling

Unfortunately, that’s not all, as there have been other updates as well. For example, Fireblocks has a digital asset trading platform most dangerous It will now support DeFi on Solana.

With new additions on the development side and ever-increasing collaboration, Solana’s hype has been built. at recent days tweet, LunarCrush revealed that Solana ranked second among the most popular searches on its platform.

There is still a long way to go

While things were looking good in terms of sophistication and sentiment, Solana’s trading volume took a big hit. Since last month, volume has been declining, with some fluctuations in the middle of the month. In addition, the market capitalization traded took a heavy hit, with SOL’s market capitalization down 25.83% since the beginning of August.

Source: messari

Solana’s price has not been positive in recent weeks. Since August 15, the price has crossed its support line and tested resistance as well. The RSI, at press time, was just below 50, indicating that there appears to be little momentum among the sellers. However, CMF showed numbers at 0.13, which indicates that funds from institutions may flow in Solana’s favour.

At the time of writing, SOL was trading at $31.31 after a 24-hour increase of 0.38%. There also appears to be a possibility that Solana will test the $38 resistance in the future.

Source: SOL / USD, TradingView

Although there are many features in Solana’s favour, Solana has gained some of them Chips From the helium community, as Solana prepares to become the next home of helium. Solana was criticized by the community for their outage and lack of decentralization.

Solana can benefit from the interest and ever-increasing collaboration of existing developers. However, traders are advised to exercise caution before entering into a trade as the backlash from the helium community may affect the price in the short term.

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