Solana News: Community Proposes Slashing Inflation to 1.5%

The Solana community is considering a significant reduction in the network's annual inflation rate, from 5.7% to 1.5%. This proposal, introduced by Tushar Jain of Multicoin Capital, aims to address concerns over the current inflation model, which emits more SOL tokens than necessary to secure the network. The new proposal suggests a dynamic emission schedule that would adjust based on market conditions, potentially leading to a more sustainable economic model for Solana.

Solana mulls slashing inflation to 1.5% – What’s behind the move?

The Solana community has proposed reducing the network's annual inflation rate from 5.7% to 1.5%. This proposal, driven by market conditions, was introduced by Tushar Jain, Managing Partner at Multicoin Capital. Jain criticized the current inflation model for emitting more SOL tokens than necessary to secure the network. The new proposal suggests a dynamic emission schedule that would adjust based on market conditions to better incentivize participation and staking. Stakers, however, are concerned that this change could significantly reduce their yields.

Solana Price Review

Solana, $SOL, posted a notable increase in today’s session, as seen from its price movements. Looking at an in-depth analysis, Bollinger Bands indicate a breakout pattern. Price is testing the upper band, suggesting bullish momentum. Solana traded at $150 as of press time, representing a 1.45% increase over the last 24 hours.

Breaking Records: Solana Reaches New All-Time High Of $270—Is Trump’s Influence To Blame?

As anticipation builds around President-elect Donald Trump’s inaugural address on January 20, the broader cryptocurrency market has witnessed a significant rally, with Solana (SOL) hitting a new all-time high of over $270 on Saturday. Solana surged more than 25% in a 24-hour period, briefly reaching $270.21 before retracting to around its current trading price of $252 per token. This impressive price movement is supported by Solana’s Total Value Locked (TVL) reaching a record high of $10.33 billion, surpassing its previous all-time high of $10.027 billion set in November 2021. A key factor in this phenomenon appears to be the launch of a new memecoin.

Solana Breaks Out of Cup-and-Handle Pattern, Targets $4,700

Solana ($SOL) has captured the crypto community’s attention as technical analysis signals a potentially massive rally ahead. Breaking out of a classic cup-and-handle formation, a bullish chart pattern, $SOL is now setting sights on an ambitious upside target of $4,700. If achieved, this would represent a monumental leap from its current price of $220.55. According to Crypto Analyst Ali Martinez, the cup-and-handle pattern, a favorite among technical analysts, is widely regarded as a strong bullish indicator. It is characterized by a rounded 'cup' followed by a slight consolidation phase, the 'handle,' which precedes a breakout to the upside.