The crypto market seems to be continuing its recovery despite the tension and uncertainty in the banking sector at the moment. Solana (SOL) is one of the cryptocurrencies showing signs of improvement today.
SOL / Tether US 1D (Source: TradingView)
Solana (SOL) is currently trading hands at $22.29 after a 11.04% price increase over the past 24 hours. SOL also reached a high of $22.86 and a low of $19.94 over the same time period. In addition to this, the altcoin is in the green by more than 28% over the last week.
Then it comes to SOL’s 24 hour trading volume, it is currently in the green zone and now stands at $817,680,669 after a more than 79% increase since yesterday. With its market cap of $8,523,523,956, SOL now officially occupies the 10th position on the list of the biggest cryptos in terms of market capitalization.
Recently, about 1,062 people from the crypto community took a vote on the crypto market tracking website CoinMarketCap to decide what the price of SOL could be at the end of March. According to the results of this poll, crypto fans believe that the price of the Ethereum-killer will stand at about $21.8 by 31 March 2023. This is a more than 7% increase from ts current price.
SOL 1-day trading gauges (Source: TradingView)
This optimism among SOL fans still, however, needs to reflect on the one-day sentiment gauges on TradingView. At the moment, this metric is still in neutral territory at 9. Helium’s migration to Solana could just be the thing to push up the excitement around SOL even more in the coming weeks.
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