Prediction at the price of Solana: Is the Supreme Spring Cabbed Spring ready to pounce?
Solana PRICE has drew this month, making it one of the best metal currencies in the encryption industry. She jumped to a height of $ 180 on Saturday, and she has been homing at its highest levels since March this year. It has increased by approximately 90 % of its lowest point this year. This article explores the reason that the Sol price is a wrapped spring ready to pounce.
Solana Meme coins return
One of the most important reasons why the Sol price is about to rise is that the Solana Meme currencies have become equivalent in the past few days. The price of the official coin has increased by 29 % in the past seven days, whileand Both penguins and Popcat have risen with double numbers.
This recovery has reached the maximum market for all Solana Mimi currencies to $ 13.1 billion, up from $ 6 billion a few weeks ago. It is a sign that these symbols will always work well when there is a gathering in the encryption market.
The increase in these coins helps to enhance Solana’s feelings, enhance their revenues and fees in the ecosystem. Data shows The folder dealt with by the decentralized exchange protocols on Solana has increased by 7 % in the past seven days to more than 21.7 billion dollars, thus amounting to 30 days to 80 billion dollars.
The Solana Network treated more assets than Ethereum and BSC, which dealt with $ 51 billion and $ 35 billion, respectively.
Sol Stablecoin Calp rises
Stablecoins are the currencies that people use in the coded currency industry where one cannot use coins like the US dollar and the euro. Therefore, one of the best measures to be seen when assessing the growth of cryptocurrency is the maximum Stablecoin market.
Solana has one of the most active existence, as the market ceiling jumps to more than $ 12 billion. Although this number is smaller than ETHEREUM 215 billion dollars and $ 73 billion than Tron, it is a sign that it is growing. Likewise, the total closed value (TVL) jumped at Thana Ecosystem to approximately $ 10 billion today.
All of these factors contributed to the strong drawings that Solana presented this year. Data He appears Solana $ 710 million this year has made it the third profitable network in the Tether and TRES encryption industry. He beat Ethereum, which made $ 616 million.
Solana Stock flows rise
Moreover, the investors pumped more than 7 million SOL code worth one billion dollars to Solana Stokeing Pools, up to the total maximum Stokeing Market to nearly $ 70 billion. This growth raised the savings ratio to 65 %.
The increasing demand is a sign that investors will also allocate money to discover Solana Transped (ETFS) boxes when approved by SEC. JPMorgan analysts predict that this money will attract more than 6 billion dollars in the first year.
The main engine of this ETF flow is that the Supreme Education Council may agree to go into these investment funds, making it more applicable than the current ETHEREUM boxes.
Predicting at the price of Solana
Sol price scheme source: Tradingvief
The Daily Chart explains that the price of Sol has offered a strong return in the past few weeks, as it has risen from 94 dollars to $ 180 today. Solana has already moved over the averages of the 60 days and 100 days (EMA).
He also jumped above the RERRERERDERNATE 38.2 % Fibonacci. Also, the MACD and the RSI indicator (RSI) continued to height. Therefore, the currency is likely to continue as the bulls target 61.8 % at $ 220. The step above this level will indicate more gains, and may reach $ 300.
Beyond prediction at the price of Solana: Is the Sing Spring Cabbed ready to pounce? First appeared on Invezz
