For almost one year, SOL has been trading in the range between $9 and $27 (current price $29). Both RAI and MACD are slightly in an oversold area (1-day candles).
The developer activity on Solana has had a substantial drop since Mar. 2022., going from 70 000 commits to 16 000 commits in Sept. 2023.
However, this year, it has shown some recovery. From Jan to Sept, the developer activity increased by 50%.
Price Sept. 2023: $19. YoY growth: 72%
Solana TVL Sept. 2023: $300 million YTD growth: 75%
Solana TVL/Mcap: 0.0375
The developer activity on Solana has had a substantial drop since Mar. 2022., going from 70 000 commits to 16 000 commits in Sept. 2023.
However, this year, it has shown some recovery. From Jan to Sept, the developer activity increased by 50%.
Price Sept. 2023: $19. YoY growth: 72%
Solana TVL Sept. 2023: $300 million YTD growth: 75%
Solana TVL/Mcap: 0.0375