Solana Re-enters Top 10 Digital Asset With Impressive 135% Rally

2023-1-16 21:40

Solana flipped Polygon on January 15 to be the 10th largest crypto asset by market cap, following a seven-day rally that saw it rise by over 70%, according to CoinMarketCap data.

Following FTX’s collapse in November, SOL’s price performance was negatively impacted because of its relationship with Sam Bankman-Fried. However, positive sentiments appeared to have returned to the digital asset, as it has gained roughly 135% since the start of this year -making it one of the best-performing cryptocurrencies in 2023.

SOL Re-enters Top 10 Assets

At the peak of the FUD, Solana traded for as low as $9, and two of its top NFT projects ditched it for other blockchain networks.

But its massive price performance over the last two weeks has more than doubled its value to $23.34 as of press time. The impressive run also saw it re-enter the top 10 digital assets by market cap.

According to CoinMarketcap data, Solana’s market cap rose to over $9 billion in the last seven days from $5 billion.

The co-founder of a gaming project on Solana, Mamba, said the faith of the network believers had been repaid as SOL gained 165% in 15 days. According to Mamba, SBF leaving was good for the blockchain, and the network’s technology is improving.

Solana Active Wallets Rises 3x

Solana’s active wallet has risen by more than three times since FTX collapsed in November, according to Messari data. Delphi Digital data also shows that decentralized exchanges on Solana DEXs have seen an 83% increase in total active wallets since the beginning of 2023.

According to Delphi Digital, the total number of active wallets on Solana increased to 83,000 from almost 45,000 per day.

As BeinCrypto previously reported, Solana’s increased active wallet numbers coincided with the rise of a new memecoin, Bonk Inu, within its ecosystem. The memecoin rallied by over 130%, bringing back interest into the ecosystem. However, it has since crashed by over 38% in the last seven days.

The post Solana Re-enters Top 10 Digital Asset With Impressive 135% Rally appeared first on BeInCrypto.

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asset solana rally impressive 135 digital re-enters

Источник: beincrypto.com

asset solana → Результатов: 89


Фото:

Octus Bridge Integrates With Solana, Tops Its List Of Supported Networks

Cross-chain asset transfer platform Octus Bridge has topped its list of supported networks with the Solana network following a recent integration between the platforms. The development team behind Octus Bride, Broxus, announced that Octus Bridge has joined the Solana ecosystem after adding Solana to its list of supported networks. Hence, marking the eighth network to […]

2022-9-29 23:34


Фото:

Why Bank of America Envisions Solana Becoming The “Visa of Crypto” And Snagging A Big Chunk Of Ethereum’s Market Share

Bank of America (BoA) offered what is perhaps the greatest praise a leading U.S banking institution could accord to a crypto asset: it likened it to the biggest credit card processor in the world. Solana has been predicted to potentially become the Visa of the digital currency space in a research note to clients by […]

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Beyond DEX: The Future of Crypto Trading on Solana Is Called Secretum

Crypto asset trading has continued to skyrocket in 2021, hitting new and unprecedented records: Volumes reached $3. 8 trillion in April 2021 when bitcoin hit its all-time high. Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550% Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $789 billion in September, versus $454 billion (€390.

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Grayscale Launches Solana As Its 16th Product, CEO says Investors Increasingly Diversifying Beyond Bitcoin and Ethereum

Grayscale Investments, the world's largest digital asset manager, expands its offering to include the popular Ethereum competitor Solana (SOL). This latest offering “reflects the firm’s ongoing commitment to providing investors access to the ever-evolving digital economy,” said Grayscale.

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