The dynamics of Solana’s investor base have undergone a significant transformation, with data revealing that investors who entered the market in the past 6 to 12 months now control an impressive 27% of the total supply. This shift in ownership structure tells us something important about market sentiment and potential
The global market has been on a daily upward scaling period this week. In the last 24 hours, Bitcoin has hit yet another all-time high propelling other cryptocurrencies along the ride. Its current ATH is $107,780 as per data aggregators’ reports. Meanwhile, the FTX exchange has recently announced dates for
Solana (SOL) has emerged as one of the most resilient players in the cryptocurrency market, consistently capturing demand of both retail and institutional investors. Despite the broader volatility in the crypto space, SOL has demonstrated strong growth potential, driven by the increasing adoption of its ecosystem for decentralized applications (dApps),
Cryptocurrency yet again finds itself on the road to recovery, after yesterday’s market crash. The overall market cap shows a mild price increase of 1.33% while the trading volume still remains on the negative. Leading cryptocurrencies such as Bitcoin and Ethereum attempt to regain previous trading levels by combatting key
pullback today. Following an impressive rally, the leading altcoin slipped below the $210 support zone, with its price falling over 12.78% in just 24 hours, from a high of $232 to an intraday low of $203. This decline coincided with a notable dip in Bitcoin (BTC), which dropped below the
Solana [SOL], one of the prominent altcoins, is navigating a critical phase as it attempts to sustain its bullish momentum. After hitting a four-day low of $230.17, SOL is declining, trading at $232 with a 3% dip in the past 24 hours. The cryptocurrency’s trading volume has decreased by 13%,
When analyzing cryptocurrency market movements, volume often tells a more complete story than price alone. Solana’s recent surge in daily trading volume to $13 billion marks a significant milestone, matching levels last seen during its all-time high on November 22. This volume renaissance, accompanied by a price increase from $230
In the wake of reaching its historic peak at $264, Solana has entered a critical consolidation phase, finding equilibrium above the significant $221 support level. This price action comes at an interesting juncture in the broader cryptocurrency market, as Bitcoin’s recent surge creates potential tailwinds for alternative cryptocurrencies. Understanding Solana’s
With multiple altcoins experiencing price breakouts, the crypto market is eyeing an approaching altcoin season. The chart reports the largest altcoin Ethereum (ETH), gained momentum, trading at $3.7K. Looking at the altcoins, Solana (SOL) has experienced notable price fluctuations. Solana has reached its all-time high (ATH) of $263.83 on November
Solana (SOL), a prominent altcoin that surged 37% over the past month, reaching an all-time high of $264 just nine days ago, is now witnessing a decline in momentum. Currently, SOL is trading at $229.06, marking a 3% drop in the last 24 hours. This downturn coincides with XRP overtaking
