FX_Professor

SOLANA : Time to be SOL-Mates ?

Long
FTX:SOLUSD   Solana
SOLANA Chart shows support and if the market keeps recovering this could now be a great buy.

SOL-mates might consider not giving up because here’s what awaiting Solana:


As with the rest of the market, Solana fell terribly on 9 May and ended up reaching the same all-time high it was at in May 2021. However, the various ecosystem developments around Solana are trying to push the bearish narrative aside.

Solana finds demand?
Firstly, one of Solana’s biggest strengths, NFTs, received massive support from Meta on 8 May after the social media company announced that Instagram would support Solana NFTs on the platform with plans of deploying the same on Facebook in the near future.

The news made some more-than anticipated waves as the Twitter-NFTs integration was only limited to Ethereum-based NFTs, which disappointed a lot of people in the NFT space.

In these last four months alone, Solana NFTs have generated over $463.4 million in transaction volume, accumulating over 637k traders since September 2021.

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the FXPROFESSOR

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