Solana gaining momentum according to Nansen report
The post Solana gaining momentum according to Nansen report appeared on BitcoinEthereumNews.com. Following FTX’s collapse, Nansen on-chain data shows that SOL has outperformed ETH, emerging as the preferred investment choice. At the same time, Kaiko, an alternative source of cryptocurrency market data, reports that Solana is still suffering the effects of the exchange’s bankruptcy. Looking forward According to recent findings from Nansen, Solana’s Total Value Locked has nearly doubled since the beginning of the year, reaching a substantial 30.95 million SOL, as the Solana vs. Ethereum ratio has since been reported to be approaching year-long highs. Since the collapse of FTX, SOL has declined more than ETH, meaning ETH has been the better coin to hold… But since summer, SOL has been trending positively, with the SOL vs ETH ratio breaking higher, nearing highs not seen all year Will this momentum continue? pic.twitter.com/aDhh0wY92q — Nansen
The post Solana gaining momentum according to Nansen report appeared on BitcoinEthereumNews.com.
Following FTX’s collapse, Nansen on-chain data shows that SOL has outperformed ETH, emerging as the preferred investment choice. At the same time, Kaiko, an alternative source of cryptocurrency market data, reports that Solana is still suffering the effects of the exchange’s bankruptcy. Looking forward According to recent findings from Nansen, Solana’s Total Value Locked has nearly doubled since the beginning of the year, reaching a substantial 30.95 million SOL, as the Solana vs. Ethereum ratio has since been reported to be approaching year-long highs. Since the collapse of FTX, SOL has declined more than ETH, meaning ETH has been the better coin to hold… But since summer, SOL has been trending positively, with the SOL vs ETH ratio breaking higher, nearing highs not seen all year Will this momentum continue? pic.twitter.com/aDhh0wY92q — Nansen
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