Solana Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has seen a price increase of 5.58% in the last 24 hours to $146.0, despite a 14.0% decrease over the past week from $167.14. The trading volume surged by 118.0%, and its circulating supply rose by 0.32% to over 446.82 million, with a current market cap ranking of #5 at $65.54 billion.
April 19, 2024 | 3:00 pm
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POSITIVE IMPACT
Solana's price increased by 5.58% to $146.0, contrasting with a 14% weekly loss. Trading volume is up by 118%, and its market cap is now $65.54 billion, ranking it 5th.
The short-term price increase of Solana, coupled with a significant rise in trading volume, indicates strong market interest and potential for further gains. The contrast with its recent weekly loss may attract attention from investors looking for recovery plays or value buys in the cryptocurrency market. The increase in circulating supply is relatively small and unlikely to dilute the value significantly, maintaining the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100