Solana Up More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana (SOL) has seen a price increase of 5.78% in the past 24 hours, continuing a positive trend with a 10% gain over the past week. Despite the price rise, trading volume has decreased by 33% over the week, and the circulating supply has decreased by 0.41%. Solana's market cap is currently ranked #5 at $70.87 billion.
July 15, 2024 | 3:01 pm
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Solana (SOL) has experienced a 5.78% price increase in the past 24 hours and a 10% gain over the past week. However, trading volume has decreased by 33% over the week, and the circulating supply has decreased by 0.41%. The market cap is currently $70.87 billion.
The price increase of Solana indicates positive market sentiment, which is likely to attract more investors in the short term. However, the decrease in trading volume suggests caution as it may indicate less liquidity. Overall, the positive price movement is expected to have a favorable impact on SOLUSD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100