In a fast World, Solana claims to be the fastest blockchain in the world
Solana has had it's correction, obeying to the charts we had shared with you a few days ago:
The price seems to have gotten use to the 200$ mark heights and could now be ready for more. Our chart shows that 245$ would be the next resistance (Fibonacci).
Solana has become the sixth-largest cryptocurrency by market cap after overtaking XRP and would need another 9% rise to catch Tezos on the 5th place!
There doesn't appear to be any token-specific news driving the price of SOL higher, but the overall crypto market has been posting big gains this month. New blockchain applications and strong rallies for Bitcoin and Ethereum appear to be bolstering confidence in the overall space, and Solana's SOL token has hit a new lifetime high amid rising bullish sentiment for cryptocurrencies.
Solana's SOL token has posted staggering gains across 2021's trading, and it stands as one of the best-performing names in the crypto space.
Solana's blockchain has been attracting attention as a platform for building decentralized finance applications, non-fungible tokens, and other services. With investors looking to cryptocurrencies as a potential safe haven amid threats from inflation and other potentially destabilizing market factors, SOL is benefiting from rising bullish sentiment for the broader crypto market.
Now what
Solana's SOL token now has a market capitalization of roughly $59.3 billion and ranks as the sixth-largest cryptocurrency by market cap.
The Solana blockchain offers potential utility for developers seeking a network that can support highly scalable applications and relatively fast transaction processing times, and it's possible that demand for these capabilities and increasing optimism surrounding cryptocurrencies will help to drive the SOL token price higher. However, investors should also keep the token's relatively high-risk profile in mind and understand that it will likely continue to see volatile pricing swings -- for better or worse.
If we avoid any mis-happenings or negative news/tweets and the crypto market goes higher altogether, then Solana will reach the 245$ before thinking about a new correction.
One Love,
the FXPROFESSOR
Solana has had it's correction, obeying to the charts we had shared with you a few days ago:
The price seems to have gotten use to the 200$ mark heights and could now be ready for more. Our chart shows that 245$ would be the next resistance (Fibonacci).
Solana has become the sixth-largest cryptocurrency by market cap after overtaking XRP and would need another 9% rise to catch Tezos on the 5th place!
There doesn't appear to be any token-specific news driving the price of SOL higher, but the overall crypto market has been posting big gains this month. New blockchain applications and strong rallies for Bitcoin and Ethereum appear to be bolstering confidence in the overall space, and Solana's SOL token has hit a new lifetime high amid rising bullish sentiment for cryptocurrencies.
Solana's SOL token has posted staggering gains across 2021's trading, and it stands as one of the best-performing names in the crypto space.
Solana's blockchain has been attracting attention as a platform for building decentralized finance applications, non-fungible tokens, and other services. With investors looking to cryptocurrencies as a potential safe haven amid threats from inflation and other potentially destabilizing market factors, SOL is benefiting from rising bullish sentiment for the broader crypto market.
Now what
Solana's SOL token now has a market capitalization of roughly $59.3 billion and ranks as the sixth-largest cryptocurrency by market cap.
The Solana blockchain offers potential utility for developers seeking a network that can support highly scalable applications and relatively fast transaction processing times, and it's possible that demand for these capabilities and increasing optimism surrounding cryptocurrencies will help to drive the SOL token price higher. However, investors should also keep the token's relatively high-risk profile in mind and understand that it will likely continue to see volatile pricing swings -- for better or worse.
If we avoid any mis-happenings or negative news/tweets and the crypto market goes higher altogether, then Solana will reach the 245$ before thinking about a new correction.
One Love,
the FXPROFESSOR
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