Solana Price continued its strong gathering on Monday, reaching its highest level at $ 175, its highest point since March 3 this year. Sol Token jumped with more than 82 % of its lowest point this month, raising the market ceiling to more than 90 billion dollars. This article explores the high price of the Sol with the transition of the Solana Meme Coins market to $ 15 billion.
Solana Meme Coins is $ 15 billion
Solana Price has sharply jumped in the past few days, as investors have returned to Meme currencies in their ecosystem. The data indicates that the maximum market for all of these currencies has jumped to more than $ 15 billion, up from $ 6 billion a few weeks ago.
Look at Coingecko The data indicates that all Meme Solana currencies have jumped in the past few days. Goatseus Maximus (Goat) code has jumped more than 243 % in the past seven days, while Dogwifhat (WIF) jumped 102 % in this period.
The distinctive symbol of the PNUT increased by 156 %, while the Cat in a Dogs World (MEW) increased by 60 %. Moo Deng Price jumped by 622 %, while Ponke and Fwog prices jumped by more than 100 %.
Many other small coins such as Unicorn Fart Dust (UFD), Purple Pepe, PipPin and Michi have jumped with triple numbers.
Solana Meme’s high currencies had an immediate impact on the ecosystem of Solana, as the closed total value (TVL) on the network jump More than 42 % in the last 30 days to more than $ 21.8 billion. The biggest players in the ecosystem are Geto, Camino, Jupiter, Redium, Sanctuary and Water.
The folder dealt with on the decentralized stock exchanges in Solana has jumped in the past few weeks with the ecosystem of the metal currency jumped. The size of Raydium jumped by 11.5 % in the past seven days to 6 billion dollars, thus reaching a volume of 30 days to more than $ 21.8 billion.
The folder dealt with on the Orca network jumped by 25 % to $ 5.15 billion, while Meteora, Lifetinity and Stabble dealt with more than $ 3.7 billion, 1.45 billion dollars and 1.45 billion dollars. This growth has also increased network revenues and fees in the past few weeks.
More incentives for the Sol price
There are other potential incentives for the Solana price. First, there are signs that the Securities and Stock Exchange Committee (SEC) will agree to the multiple circulating investment funds that have been offered in the past few months.
Sol Sol ETF will be a good thing for the currency because it will lead to more flows from Wall Street investors. These flows are likely to work well if the Supreme Education Council agrees to allow the money invested in the investment funds circulating in the circulating investment funds.
Another potential stimulus for Solana Price will be the possibility of companies accumulating. Some companies, such as Janover and Upexi, have started getting Solana to get their strategic reserves.
Solana will also benefit from the constant greed among the market participants, as the fear and greed index rose to 70.
Technical analysis of prices in Solana
The weekly graph shows that the Sol price formed a cup of textbooks and a deal pattern that indicates more long -term gains. It is now the formation of the handle section of this style.
The cup depth is about 96 %, which is created by measuring the distance between the highest point in the cup and its lowest point in December 2022.
Measurement of the same distance from the upper side indicates an increase in the end to $ 500. It will take time to move to this level because the pattern is formed on the weekly graph. The decrease under support at $ 95 will nullify the upcoming expectations.
Post -Solana Prices: C & H, as Sol Meme coins that reached $ 15 billion, first appeared on Invezz
