Solana's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has increased by 3.81% in the last 24 hours, reaching $62.8, continuing a positive trend with a 4.0% gain over the past week. The coin's all-time high is $259.96. Trading volume for Solana has surged by 90.0% over the past week, and the circulating supply has risen by 0.43%, now at 425.47 million. Solana's market cap is currently ranked #6, valued at $26.76 billion.
December 06, 2023 | 3:00 pm
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POSITIVE IMPACT
Solana's price has risen 3.81% to $62.8 in the past 24 hours, with a 4.0% increase over the week. Trading volume is up by 90%, and the circulating supply has grown by 0.43%, indicating a strong market presence with a market cap of $26.76 billion.
The positive price movement of Solana, accompanied by a significant increase in trading volume, suggests a growing investor interest and market activity. The increase in circulating supply is modest and unlikely to dilute the value significantly. Given these factors, the short-term impact on Solana's price is likely to be positive, assuming the market conditions remain favorable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100