Solana (SOL) price rose more than 2% on Friday as the Solana (SOL) community discussed on social media the progress of the development of Firedancer, a new validator that could improve blockchain performance. , marking a broad-based rally seen among major cryptocurrencies.
Solana is preparing for the mainnet launch of Firedancer, a high-performance validator being built by Jump Crypto, a Web3 infrastructure company. Firedancer will go live on testnet in September, with mainnet launch expected in early 2025.
Ethereum (ETH) rose slightly on Friday, adding to its 6.5% gain so far this week on the back of more than $79 million in net positive inflows through Thursday after breaking above a key resistance level on Monday. . Despite this inflow, CryptoQuant’s Ethereum Coinbase Premium Index remains below the neutral level, indicating that demand needs to increase to sustain the expected rise.
Ethereum co-founder Vitalik Buterin said in a blog post published Thursday that he hopes the platform will process 100,000 transactions per second (tps). Ethereum's rollup-centric roadmap, which combines Layer 2 scaling solutions, advanced data availability sampling, and data compression techniques, will achieve this 100,000 TPS goal, he said.
Ripple (XRP) rose on Thursday as traders digested the uncertainty of a Securities and Exchange Commission (SEC) appeal in the case. A spokesperson for the US-based financial regulator confirmed that the process had been completed and relevant documents would be released soon.
XRP is trading at $0.5507 at the time of writing on Thursday. As seen on the XRP/USDT daily chart, XRP has been in a downtrend since July 2023. The altcoin could further rise by 8.42% and reach the psychologically important level of $0.60. This is an important level for multiple XRP holders as the token has been able to break through several times since May 2024.
