Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

SOL Recovery In 2023 – Will The Solana Mobile Updates Help?

Solana is having a hard time springing back to life. Apparently, the FTX crash has negatively impacted SOL and its bearishness doesn’t seem to improve the crypto’s price.

Here’s a quick look on how the crypto has been performing:

  • FTX crash drags price down
  • SOL price nosedives by 2.13%
  • $200 million in crypto wiped out from Solana Foundation

According to CoinMarketCap, the crypto’s price has nosedived by 2.13% or trading at $11.77 as of this writing. Evidently, it has been negative for the past few days, although there has been improvements but it still isn’t peaking to $12.

With the rate it’s going, the price is seen to have depreciated by as much as 1.56% as seen in the past 24 hours.

Solana: Objectives For 2023

SOL price is seen to have peaked on November 6 last year with a $259 all-time high, with its lowest price lying around the range of $10.56. The highest it has peaked since its last low price was spotted at $18.65.

On December 21, the network showcased on social media the platform’s accomplishments and goals for the coming year. 

Mobile Phone, JumpCrypto Fire Dancer Launch 

Solana is set to release the Solana Phone in 2023, claiming that the launch of the mobile gadget is to aid decentralized applications (dApps) on Web3 platforms. This is definitely a bold move for the network as a first-of-its-kind innovation in the crypto space.

More so, apart from the mobile device, the platform will also be launching JumpCrypto’s Fire Dancer which will also be released in 2023. The launch aims to accentuate the speed and also reduce the breakdowns in the platform.

Initial Diagnosis: Flatline

The price appears to be on a flat line as seen in the past few days even a few weeks after the crypto exchange’s collapse. Sam Bankman-Fried, FTX former CEO, is facing multiple charges of fraud. He posted a $250 million bail last week.

The coin is now down by 69% since November as impacted by the FTX collapse which is known to be one of the biggest supporters of Solana.

The recent collapse of FTX has also dragged the crypto down, especially with the Solana Foundation having approximately $200 million worth of crypto wiped out when FTX imploded.

With the current scenario, there is a very slim chance of the crypto enjoying a price increase in the next coming weeks, even if the digital asset has bottomed out.

Apparently, SOL has bottomed out in November following the exchange’s turmoil, but it seems that it’s far from over yet as the coin continues to fall, with no hints of spiking anytime soon.



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