Why is Solana (SOL) price up today?
Solana is up today as a combination of fundamental and technical factors paint a bullish outlook for SOL price.
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Solana is up today as a combination of fundamental and technical factors paint a bullish outlook for SOL price.
Some 30% of respondents expect Solana to tap $600 in 2025, according to a survey by MV Capital.
Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since.
Solana’s scaling solution Firedancer is seen as a long-term solution to the blockchain’s once-frequent outages.
Solana has seen steady inflows over the last nine weeks, even as other crypto investment products have faced outflows over a similar period.
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels.
The cryptocurrency market may have overreacted to Solana's FTX links and its tainted boss Sam Bankman-Fried.
Most of FTX's Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months.
The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered…