Solana ($SOL) has not become the seventh-largest cryptocurrency by market cap as it continued its price discovery post breaching $100. $SOL has managed to gain over 70% in the past week itself even when the rest of the crypto market remained relatively inactive in terms of price momentum during the same time frame.
$SOL has closed seven consecutive weekly green candles for the first time since its inception, indicating the strong bullish momentum that the altcoin has built. The market cap of $SOL also exceeded $40 billion, taking over Dogecoin's market cap to replace it for the seventh spot. If it manages to continue the price discovery mode it has every chance of making it to the top-5 this bull season.
Solana became the first altcoin in the crypto market to record a new ATH post-May crash. Later it was joined by the likes of Cardano ($ADA) and Terra ($LUNA).
Solanin dolgoročni razvoj in razpoloženje množice dosegata nove vrhunce
Solana started the month under $40 and is now looking to test $150 next, thus seeing its market grow over 400% in a little over a month’s time. The altcoin’s price momentum is being associated with the rapid growth of the Solana ecosystem as the long-term on-chain activity nears new highs.
Tudi razpoloženje v družabnih skupinah že nekaj časa zaostaja za SOL in se je 31. avgusta najbolj povečalo. Občutki množice se na splošno merijo glede na aktivnost v družabnih medijih, ki narašča, ko priljubljenost žetona narašča. V zadnjih nekaj dneh je prišlo do rahlega zmanjšanja družbene prevlade, vendar to ni vplivalo na zagon cen, saj je altcoin v času pisanja objavil nov ATH pri 141.9 USD.
It is to be seen whether $SOL manages to continue its current market dominance and reach $2,00 next. The ecosystem has also seen a great deal of development with active support for NFT as well now.
Naročite se na naše e-novice zastonj
Vir: https://coingape.com/solana-sol-records-new-ath-of-138-9-displaces-doge-to-take-7th-spot/
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