Amid the recovery of the broader encryption market, Solana PRICE shows a large power that acquires 7 % to 140 dollars with a daily trading field jumping 85 % to $ 2.56 billion. The renewed investor’s interest in SOL comes amid the strong accreditation of the network and increased optimism. Interestingly, today we wear at a time when Solana holders show signs of extreme fear.
Solana price pools amid the fear of the market
A prominent encryption analyst on Martinez has noticed signs of the growing fear between Solana Long -term holders (SOL). The analyst pointed out that these uncertainty periods open new opportunities for strategic investors.
“Historically, these are the moments when smart money flows,” Martinez pointed out, referring to the old saying, “Be greedy when others are afraid.” This indicates that the increase in the current Solana prices amid the accumulation that depends on the value can distinguish the beginning of the continuous upward trend from here.
Last week, Coingepe stated that the adoption of the Solana network has reached the highest new level ever. The data on the series reveals that the Solana Network (SOL) is now proud of more than 11.09 million titles bearing the Sol icon. This height in the title activity highlights the increase in the user’s participation within the Solana Environmental System.
Market analyst turns into a cliff on Seoul
Sol PRICE increased today by 6.97 % at $ 139, as daily trading volumes increased by 94.9 % to more than $ 2.67 billion. According to Coinglass dataThe open interest in Sol Futures increased by 8.6 % to $ 5 billion, with an increase in 24 hours to 8.82 million dollars.
With today’s prices, Solana managed to overcome the decisive resistance of $ 137, which could determine the way for the future route in the future. By highlighting this important penetration of Solana, the famous crypto curb curry analyst represented an end to the continuous impacts of the highest levels since its level on January 20, and is often referred to as “the highest level of Trump”.
The analyst suggests that this penetration indicate the beginning of a new upward momentum for Sol, with a possible mobilization signed a sign of $ 420 in the near future.
Participated founder Anatoli Yakovnko bet on L1S against L2S
Anatoly Yakovenko, co -founder of Solana, expressed doubts about the necessity of layer 2 L2 (L2), amid the Solana Prices. According to Yakovenko, Blockchains Layer 1 (L1) can perform a superior performance, providing greater speed, lower costs, and improved safety compared to L2 alternatives. In a letter on the X platform, he wrote:
“The L1S can be faster, cheaper and safer. Don’t slow down through a staple available L1 ice moving, or they have to bargain with complex fraud and Multisigs.”
His comments came while responding to a letter from a shareholder in Ethereum Rip.teh, who stated that there is no reason for building L1, bearing in mind that L2S is faster and affordable.
Bushan Akolkar
Bhushan is enthusiastic about technology with a severe understanding of the financial markets. His interest in economics and financing has focused on emerging technology and encrypted technology markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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