Solana's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has increased 3.32% over the past 24 hours to $30.68, and over 27.0% in the past week. The trading volume for the coin has increased 215.0% over the past week, while the overall circulating supply of the coin has decreased 1.24%. The current market cap ranking for SOL is #8 at $12.62 billion.
October 24, 2023 | 7:00 pm
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Solana's price has seen a significant increase over the past week, with a 3.32% rise in the last 24 hours. The trading volume has also increased by 215.0% over the past week.
The increase in Solana's price and trading volume indicates a positive market sentiment towards the cryptocurrency. The decrease in circulating supply could also be contributing to the price increase, as it creates a scarcity effect. Given these factors, it is likely that the price of SOLUSD will continue to rise in the short term.
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