Solana Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has experienced a 3.26% decrease in price over the last 24 hours, marking a continuation of its 11.0% decline over the past week. The trading volume for Solana has decreased by 47.0%, while its circulating supply has slightly increased by 0.18%. Currently, Solana's market cap ranks it as the 5th largest, valued at $41.20 billion.
February 06, 2024 | 3:00 pm
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NEGATIVE IMPACT
Solana has seen a 3.26% price decrease in the last 24 hours and an 11% decrease over the past week, with its market cap ranking it 5th at $41.20 billion.
The significant price decrease of Solana over both the last 24 hours and the past week, combined with a decrease in trading volume, suggests a negative short-term impact on its price. However, its position as the 5th largest by market cap indicates strong market presence, which might mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100