3 reasons why Solana (SOL) price is up this week
Solana price staged a double-digit recovery since September and a portion of the move was caused by improving fundamentals.
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Solana price staged a double-digit recovery since September and a portion of the move was caused by improving fundamentals.
Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.
Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins.
Digital asset investment products witnessed inflows last week, with a total of $21 million coming in for the first time in 6 weeks. Interestingly, earlier in the week, it appeared…
But Solana was the only other major asset to show inflows for the week.
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The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term.
As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million.
Bitcoin and the major altcoins are down from their weekly highs, but the bulls are trying to form a higher bottom, indicating buying on dips.