Solana's Price Increased More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has increased by 8.09% in the last 24 hours, reaching $161.41, continuing a positive trend with a 23.0% gain over the past week from $129.94. Despite a 17.0% decrease in trading volume, the circulating supply has grown by 0.98% to over 443.53 million, with a current market cap ranking of #5 at $71.61 billion.
March 13, 2024 | 7:00 pm
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POSITIVE IMPACT
Solana's price has seen a significant increase of 8.09% in the last 24 hours, reaching $161.41, with a 23.0% gain over the past week. The trading volume has decreased by 17.0%, while the circulating supply has increased by 0.98%.
The significant price increase of Solana over the past week, coupled with its rising circulating supply and a high market cap ranking, indicates strong market confidence and investor interest. Despite a decrease in trading volume, the overall positive trend and increased supply suggest a bullish outlook for Solana in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100