Solana News: Roam Project Aims to Revolutionize Telecommunications with Decentralized WiFi Network

A new project on the Solana blockchain, Roam, is set to disrupt the traditional telecommunications industry by leveraging decentralized technology to create a global wireless network. Here’s a closer look at the Roam project and its potential market valuation.

Roam Project Analysis & ROAM Market Valuation

Roam is a DePIN project on the Solana blockchain aiming to revolutionize traditional telecommunications by enabling users to share their home WiFi, creating a global decentralized wireless network. It uses Solana’s decentralized identity (DID) and verifiable credential (VC) technology to enhance user data security and provide seamless WiFi connectivity. Devices can automatically connect and roam globally, eliminating repeated logins and authentication. Roam has expanded to over 190 countries with 1.21 million deployed devices, making it one of the largest DePIN networks worldwide.

Pump.fun Volume Dropped 63% in February Amid Memecoin Scams

Trading volume on Pump.fun, a leading Solana-based token launchpad, plunged 63% in February following a string of high-profile memecoin scams. The volume dropped from $119 billion in January to $44 billion, the lowest since October 2024. Additionally, new token launches on Pump.fun drastically decreased, and the platform’s token graduation rate has decreased, meaning fewer tokens are reaching the required market valuation to be listed on Raydium.

Solana (SOL) Price Prediction: Key Technical Analysis and Future Outlook

Currently trading at a level where SOL remains under significant pressure, with key technical indicators suggesting further downside pressure. SOL is trading below both the 50 EMA and 200 EMA, indicating bearish sentiment. The 50 EMA is nearing a crossover below the 200 EMA, known as a “death cross,” a highly bearish signal. The RSI is currently at 38.8, suggesting weak momentum. Support levels and order blocks could shape SOL’s next move. This analysis breaks down SOL’s price action, major support and resistance zones, moving averages, and potential scenarios for the coming weeks.

Solana’s New Proposal Could Slash Validator Revenues by 95%

On March 6, 2025, Solana validators will vote on two major proposals aimed at modifying the network’s economy and the reward system for stakers. These proposals, known as Solana Improvement Documents (SIMDs), have sparked intense debate within the crypto community. In May 2024, Solana had already implemented SIMD 096, modifying the burning policy of priority fees, where 100% of these fees now go to validators, increasing staking rewards and limiting off-chain agreements between crypto traders and validators. The upcoming SIMD 0123 aims to automatically redistribute priority fees to stakers based on a commission rate.