Post By: CryptosHeadlines.com

Solana’s price is surging with a significant rally, having increased over 395% since its low below $8 on December 29. Recent news from the Solana Breakpoint conference, taking place from October 30 to November 3 in Amsterdam, has contributed to this surge. Over the last 24 hours, the price has gone up by 7.5%, and in the past week, it surged by a remarkable 23%.What’s causing all the excitement is the launch of Firedancer on Solana’s testnet. This new validator client, specifically designed for the Solana blockchain, promises to make the network much more scalable, reduce latency, and overall improve its performance.
Firedancer Solana is created by Jump Crypto, a division of the Jump Trading Group that’s dedicated to developing innovative solutions in the blockchain world. Their vision for Firedancer is quite ambitious. They aim to enhance every aspect of the Solana network, from its core consensus mechanism to its overall performance metrics. Ultimately, the goal is to scale Solana to handle one million transactions per second (TPS).
Underscoring the importance of Firedancer for Solana’s future plans, Dan Albert, who serves as the Executive Director of the Solana Foundation, made a significant announcement during his live appearance at the conference. He praised the dedicated efforts of the team behind Firedancer, highlighting their hard work and tireless efforts over the past few weeks. He enthusiastically revealed that the initial version of Firedancer is now live on the testnet. This is a major step forward for Solana.
The excitement around Firedancer’s potential was echoed by Raoul Pal, the CEO and co-founder of Real Vision Group and a former executive at Goldman Sachs. He expressed a highly optimistic outlook, emphasizing the significance of Firedancer for not only Solana but also the broader blockchain technology landscape. According to him, Firedancer represents a substantial leap in speed, being ten times faster than the fastest blockchain in existence. Moreover, it enhances the security and resilience of the Solana Virtual Machine (SVM). Pal eagerly anticipates its transition to the Mainnet, expected in the summer of 2024.
In a recent discussion with Scott Melker, Pal emphasized the remarkable potential of Solana and Firedancer. He pointed to the charts, particularly comparing Solana to Ethereum (SOL/ETH) and Bitcoin (SOL/BTC), noting that its ascent resembled that of a rocket ship, describing it as truly astonishing. This underlines his strong confidence in the project’s future success.
Solana (SOL) Price Surges, Ending Multi-Month Trend
While Solana’s price surge has captured the attention of many, some analysts are advising caution. Despite reaching a 1-year high of $39.88, analyst Pentoshi warns that there’s a chance SOL might retreat to around $32 in the coming weeks.
Additionally, the 1-day chart reveals that SOL recently broke out of a bullish trend channel (depicted in black). Solana’s price surged past the late October high of $38.78, but closing above this level in the next few days will be crucial for the bullish outlook. If successful, the next major target could be around $57.85. However, failing to maintain that level might lead to a correction, possibly down to $32.18.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoNews #Firedancer #Testnet #Solana #SOL

🏆 What Are The Rewards?
For each valid invitation, the total reward is 10 $GLC, 5 $GLC for both parties — the inviter and invitee.

📌 Rules and Notes

Valid Inviter: any user who has created a Glacier database and inserted 2 documents on Glacier-Greenfield Playground.

Valid Invitee: invited by a Valid Inviter and has created a Glacier database and inserted 2 documents, using the referral link.

The Valid Invitee should be a new user on Glacier — Greenfield Playground.

Both Valid Inviter and Invitee need to Make a Tweet.Both Valid Inviter and Invitee need to claim the $GLC Eligibility OAT.

🗒 Notes:

The Referral Campaign starts from 23rd Nov. 2023.Kindly remind you to pay attention to your privacy since the data is transparent on-chain at the moment.

Don’t leave blanks in your documents, and the documents should not be meaningless words.

Any malicious actions will result in the deletion of participants’ eligibility.

The $GLC tokens used in programs strictly follow the latest vesting schedule.And Glacier team reserves all rights associated with this program.

📖 User Guide

1. Head to Glacier Network and click “Launch App”

Copy and paste this link and go: https://www.glacier.io/referral/?0x9b664c113d7236945c25de1f3e8b14164de75453

2. Create Namespace: Click “Create Namespace” and provide a name. The Namespace is the first-level unit in Glacier.

3. Create Dataset: Click “Create Dataset” to name your dataset. The Dataset is the secondary unit in Glacier.

4. Create Collection: The collection is the third-level unit in Glacier. It is like a table, and you need to customize it first.
Note: The setup below can be followed when customizing the collection’s fields to make it easier for you👇

5. Insert at least 2 documents (rows) into the collection.

6. If you are only an Invitee, you can click “Share to Twitter” and jump to step 9 directly.

7. To invite your friends to Glacier and earn more $GLC, click the “Invite” button, and head to the Referral page.

8. Copy and post your referral link, or just share a tweet to invite your friends to Glacier.

9. Claim the $GLC Eligibility OAT on the Galxe platform.🌟🌟🌟

👉 Claim $GLC Eligibility OAT: https://galxe.com/glacierlabs/campaign/GCTLNtU8FJ

Note: This Eligibility OAT is a key record for receiving the $GLC Airdrop for the campaigns

📌 The Eligibility Test is live on Galxe and TaskOn. Completing the task on ONE platform is sufficient.

10. You can check your total rewards by clicking the “Rewards” button. We will update the data based on your OAT records before releasing the rewards.

Register to Glacier Network from here: https://www.glacier.io/referral/?0x9b664c113d7236945c25de1f3e8b14164de75453

#Testnet #AirdropOpportunity #airdropclaim #AirdropAlert #airdrops.