Solana's Price Increased More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has risen 10.1% to $27.06 in the past 24 hours, continuing its positive trend over the past week with a 26.0% gain. The coin's all-time high is $259.96. The trading volume for the coin has increased 318.0% over the past week, while the overall circulating supply of the coin has decreased 0.23%. The current market cap ranking for SOL is #8 at $11.26 billion.
October 20, 2023 | 3:00 pm
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Solana's price has risen 10.1% in the past 24 hours and 26.0% over the past week. Trading volume has increased 318.0% over the past week.
The significant increase in Solana's price and trading volume over the past week indicates strong market interest. The decrease in circulating supply could also be contributing to the price increase due to supply-demand dynamics. Given these factors, it's likely that the price will continue to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100