In an exciting development for the cryptocurrency space, the Canadian digital dollar, QCAD, has made its debut on the Solana (SOL) blockchain. QCAD is a CAD-based stable cryptocurrency developed by Stablecorp, a local fintech infrastructure vendor. This integration allows QCAD to be seamlessly integrated into Solana-based decentralized applications (dApps) for various purposes, including pre-loading payment cards and paying bills.
NFT | Market Changing Tides
The NFT market saw a boom in March 2023, but unfortunately, the good times did not last, as the NFT market’s popularity started to wane in the third quarter of 2023. The hype and high metrics from earlier in the year began to settle down. Solana’s metrics declined, with sales volume and total transactions falling by 14% and 8%.
Price | Is it time to get on board?
Solana’s neutral sentiment rating indicates a cautious outlook based on Investor’s sentiment score. At the time of this article, Solana was trading near the midpoint of its price range for the past five days. It was 4.31% below its five-day high and 5.08% higher than its five-day low, which was $18.65.