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Cardano (ADA) and Tron (TRX) make it to the Abra wallet crypto list

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Cardano Tron

Undeniably, more and more cryptos are being created every day, so we can be sure that the times when Bitcoin had the market to its own merely is gone forever. It is because of this that results imperative to have a variety of options to play with when it comes to exchanges, wallets, and any platform to operate with crypto and fiat currencies obscurely.

In this sense, one of the preferred platforms to exchange fiat to crypto and vice-versa is the ABRA wallet, one of the most extensive services in the world of digital money.

ABRA has made a horde of announcements in the last days that promise to shake the crypto world, including the addition of three new cryptocurrencies to its platform, and the diversification of the payment methods allowed in the network. Let’s see all the details behind the wallet update.

ABRA updates

Yesterday, ABRA announced that Cardano (ADA), and TRON (TRX) are currently integrated into their systems, so users can now fund their wallets with these top cryptos. It was also known that the company is planning to include Bitcoin Cash (BCH) as well, a milestone that would count a total of 28 cryptos accepted in the network, one of the widest repertories in the industry.

However, this is not the end. The company is planning to diversify their payment options as it aims to include the benefit of funding from European bank accounts as well, a fact that will open the doors for all of the European traders in the European Union.

Let’s recall that before this announcement ABRA users had the option to fund their wallets by bank and wire transfers in the United States, as well as with Mastercard, American Express, and other debit and credit cards from all around the world.

Like this, ABRA is actually ready to conquer the financial world by offering investors of all sorts the opportunity of accessing an incredibly broad range of options related to digital currencies, a fact that, to say the least, the platform is accomplishing with an incredible ease.

In fact, its main competitor Coinbase, is way beneath this level; only offering its users 5 cryptos, Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH) and of course, Bitcoin (BTC), and a short repertory of fiat options versus the 50+ alternatives that ABRA offers in fiat currencies such as AUD, USD, NZD, EUR, and many others.

Conclusion

The latest Abra crypto updates represent a significant advancement in the cryptocurrency world as it gives enthusiasts and investors more excellent opportunities to play with, and that’s precisely what we’re all looking for concerning usability. On the other hand, it represents a low blow for Coinbase, which now has to look to diversify its offer to keep on the picture. And why not, who would not want Coinbase to list Cardano and Tron as Abra just did?

If you want to get more information about ABRA, please go to their website abra[dot]com and find out everything about the latest updates and developments of the wallet service.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Nicole Honeywill on Unsplash

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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