Solana Pumps, Crypto Prices Continue to Rise; 3 Best Coins to Buy Now
The post Solana Pumps, Crypto Prices Continue to Rise; 3 Best Coins to Buy Now appeared on BitcoinEthereumNews.com. Amidst bullish crypto market sentiment and prices continuing to climb, Solana is the coin on many investors’ lips as it touched $30 for the first time since November 2022. Meanwhile, several new cryptos including the likes of Bitcoin Minetrix also look bullish. Solana Races Ahead Amid Bullish Community Sentiment After enduring significant sell pressure throughout the bear market, popular layer one blockchain project Solana has begun to see massive bullish momentum, faring as the best-performing crypto out of the top 40 coins by market cap this week. It started Sunday, 15 October priced at $21.9, and has enjoyed continued upside movement, pumping 33% this week and 4% in the last day, currently priced at $29.2. SOL briefly touched $30 earlier today but has since pulled back. Nevertheless, this is a monumental achievement, with the last time it touched this price being in November 2022 when FTX collapsed. The Solana price chart below shows that its last daily candle closed above its highest previous close, creating a higher high and signifying the price is now in an uptrend. Moreover, data from Santiment shows that Solana’s social dominance has recently spiked, illustrating the community’s growing excitement. Lastly, DeFiLlama data shows Solana’s total value locked (TVL) is climbing, while its trading volume has also pumped recently. Growing trading volume on an uptrend is considered bullish since it shows growing interest despite a higher price. Popular Solana community member 0xGumshoe recently put out a tweet commentating on Solana’s current situation. According to the analysis, “Solana is 10x better at $28 than it was at $250.” Meanwhile, economist and investment strategist Raoul Pal recently stated he has been “ extremely bullish all year” on Solana. A recent chart analysis Pal posted on X noted that Solana has broken out against ETH and BTC and is…
The post Solana Pumps, Crypto Prices Continue to Rise; 3 Best Coins to Buy Now appeared on BitcoinEthereumNews.com.
Amidst bullish crypto market sentiment and prices continuing to climb, Solana is the coin on many investors’ lips as it touched $30 for the first time since November 2022. Meanwhile, several new cryptos including the likes of Bitcoin Minetrix also look bullish. Solana Races Ahead Amid Bullish Community Sentiment After enduring significant sell pressure throughout the bear market, popular layer one blockchain project Solana has begun to see massive bullish momentum, faring as the best-performing crypto out of the top 40 coins by market cap this week. It started Sunday, 15 October priced at $21.9, and has enjoyed continued upside movement, pumping 33% this week and 4% in the last day, currently priced at $29.2. SOL briefly touched $30 earlier today but has since pulled back. Nevertheless, this is a monumental achievement, with the last time it touched this price being in November 2022 when FTX collapsed. The Solana price chart below shows that its last daily candle closed above its highest previous close, creating a higher high and signifying the price is now in an uptrend. Moreover, data from Santiment shows that Solana’s social dominance has recently spiked, illustrating the community’s growing excitement. Lastly, DeFiLlama data shows Solana’s total value locked (TVL) is climbing, while its trading volume has also pumped recently. Growing trading volume on an uptrend is considered bullish since it shows growing interest despite a higher price. Popular Solana community member 0xGumshoe recently put out a tweet commentating on Solana’s current situation. According to the analysis, “Solana is 10x better at $28 than it was at $250.” Meanwhile, economist and investment strategist Raoul Pal recently stated he has been “ extremely bullish all year” on Solana. A recent chart analysis Pal posted on X noted that Solana has broken out against ETH and BTC and is…
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