[ad_1]
Invest. com – While it seems to be writing a new history and an important era in the history of digital currencies, this currency also seems to be writing its own history by registering unprecedented highs.
Friday, January 1, it did not exceed two dollars, or 1.8 dollars, while Solana is trading at these times at its highest levels ever recorded, namely 194.8. Solana has risen since the start of the year up to these times by over 10,733%, while its market value has climbed to levels close to $ 56 billion, surpassing more famous and popular currencies earlier, such as the polka dot.
Why go up?
Solana’s gains have been amplified in recent weeks, after digital asset manager Osprey Fund registered its very first Solana fund with the United States Securities and Exchange Commission (SEC). On August 25, Bayath Network, a real-time data feed company, announced its live launch on the Solana Proof of Stake blockchain. From a technical analysis perspective, the path of least resistance to SOL is on the upper side, according to Bill Noble, chief technical analyst at research firm Token Metrics.
Noble (OTC ๐ told CoinDesk: โThe following upside targets are undefined as they show strong price increases amid an overall improvement in the overall cryptocurrency environment. The funds based on Polkadot and Solana recorded inflows of $ 1.5 million and $ 2.7 million, respectively. “Solana has now topped Bitcoin Cash for AUM in related funds of $ 16 million, ranking ninth in AUM with BCH funds in tenth place.
Solana now
Solana jumped more than 30% on Tuesday during those exchanges, surpassing increases of the billion major coins, amid a wave of celebration of the Bitcoin currency after its official adoption as the national currency in El Salvador. Solana rises in one week by 60%, while it has increased by more than 380% in thirty days, and its market value is around 55 billion dollars.
In contrast, the three biggest altcoins fell after Bitcoin, led by Ether, which fell 1.6% to levels of $ 3.88k. While the Brilliant has fallen in recent weeks thanks to Alonzo’s much-anticipated update on September 12, it is now down 8% to $ 2.7.
Binance Coin fell below the $ 500 levels, falling to $ 490, a decline of 2.7%. The most popular meme currency, Dogecoin, has fallen 4% to levels of $ 0.2989, as it comes in eighth in terms of market value after being toppled by Solana, and its value is 39 billions of dollars.
The article does not express a recommendation or appointment, but simply a monitoring of market fluctuations, as digital currency trading involves high risks, including the risk of losing all or part of the investment amount, knowing that ‘it is not fully submitted to the financial authorities. and markets.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.
[ad_2]
Source link
