The Rise of Solana and Market Evaluations

At the beginning of 2023, Solana (SOL), which suffered from FTX events, has become one of the most profitable cryptocurrencies in the market, reaching the value of 191 dollars and showing a 9% increase. Significant price increases were experienced in major currencies such as Bitcoin and Ethereum. Bitcoin exceeded 70,000 dollars, while Ethereum was trading above 3,500 dollars. Also, the Bitcoin halving event expected in April is expected to have an impact on the market’s upward trend. Solana’s Market Performance With a market value of 85.47 billion dollars, Solana ranks 5th in terms of volume, and in the last 24 hours, a 90% increase in transaction volume reached 4.05 billion dollars. This increase shows that there is high interest in Solana in the market. Solana’s Future Despite market volatility, Solana’s price is approaching the 200 dollar level, and investors are carefully monitoring whether critical resistance levels will be breached. If […]

The Rise of Solana and Market Evaluations

At the beginning of 2023, Solana (SOL), which suffered from FTX events, has become one of the most profitable cryptocurrencies in the market, reaching the value of 191 dollars and showing a 9% increase. Significant price increases were experienced in major currencies such as Bitcoin and Ethereum. Bitcoin exceeded 70,000 dollars, while Ethereum was trading above 3,500 dollars. Also, the Bitcoin halving event expected in April is expected to have an impact on the market’s upward trend.

Solana’s Market Performance

With a market value of 85.47 billion dollars, Solana ranks 5th in terms of volume, and in the last 24 hours, a 90% increase in transaction volume reached 4.05 billion dollars. This increase shows that there is high interest in Solana in the market.

Solana’s Future

Despite market volatility, Solana’s price is approaching the 200 dollar level, and investors are carefully monitoring whether critical resistance levels will be breached. If the upward trend continues, SOL can quickly approach the 210 dollar level and, if the positive momentum continues, it can reach the all-time high level of 260 dollars.

However, in the event of a possible price decrease, SOL may retreat to the 180 dollar support level, and if a larger decrease occurs, it may experience a decrease to the 150 dollar level. The 87% increase last month indicates a strong growth trend in the market.

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how to buy crypto?
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