Solana Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has seen a 3.61% increase in its price over the last 24 hours, reaching $153.34, continuing a positive trend with a 12.0% gain over the past week from $136.88. Despite a 7.0% decrease in trading volume, the circulating supply has risen by 0.22% to 447.44 million, with Solana's market cap ranking at #5, valued at $68.99 billion.
May 06, 2024 | 3:00 pm
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Solana's price increased by 3.61% in the last 24 hours to $153.34, with a 12% gain over the week. The trading volume has decreased by 7%, while the circulating supply increased by 0.22% to 447.44 million.
The increase in Solana's price, both over the last 24 hours and the past week, indicates a strong positive momentum for the cryptocurrency. Despite the decrease in trading volume, which could suggest a decrease in immediate buying pressure, the increase in circulating supply without a negative impact on price suggests a healthy demand. The overall positive trend and its position as the 5th largest cryptocurrency by market cap could attract more investor interest in the short term.
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