Solana Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has seen a decrease of 3.9% in its price over the last 24 hours, marking a continuation of its downward trend with a total decrease of 12.0% over the past week. The current price is $136.62, down from $153.2. The trading volume for Solana has dropped by 33.0%, and its circulating supply decreased by 0.3% to 447.28 million, placing its market cap ranking at #5 with a value of $61.11 billion.
April 29, 2024 | 3:02 pm
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Solana (SOL) experienced a 3.9% price decrease over the last 24 hours, contributing to a 12% decline over the week. The trading volume and circulating supply have also seen significant changes.
The significant price decrease of Solana (SOL) over both the last 24 hours and the past week, combined with a decrease in trading volume and circulating supply, suggests a negative short-term impact on its price. The market cap ranking indicates its importance in the crypto market, but the downward trend and reduced trading activity could lead to further short-term declines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100