{"id":496143,"date":"2022-07-19T15:25:29","date_gmt":"2022-07-19T15:25:29","guid":{"rendered":"https:\/\/wncen.com\/?p=496143"},"modified":"2022-07-19T15:39:48","modified_gmt":"2022-07-19T15:39:48","slug":"solana-adds-70-more-shine","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-adds-70-more-shine\/","title":{"rendered":"Solana Adds 70% More Shine – Can SOL Keep The Light Coming?"},"content":{"rendered":"

Recent Solana price analysis indicates that the\u00a0bulls have taken the driver’s seat\u00a0as prices of the crypto\u00a0have surpassed the\u00a0$45 mark.<\/p>\n

As of this writing, SOL is trading at $46.25,<\/a> up 40% in the last seven days, data from Coingecko show, Tuesday.<\/p>\n

The market is anticipated to continue its ascent as long as $41 serves as support. Nevertheless, the bears may claw their way back\u00a0if prices fail to surpass\u00a0the $42 resistance barrier.<\/p>\n

Suggested Reading | Polygon Price Explodes By 60% \u2013 Is MATIC Nearing $1 Target?<\/a><\/em><\/strong><\/p>\n

Solana Outperforms Major Cryptos<\/h2>\n

Solana’s price behavior over the past seven days has outpaced Bitcoin, BNB, XRP, and Cardano despite not displaying as much upside as Ethereum during the same time period.<\/p>\n

If SOL keeps going up, its market capitalization might exceed Cardano’s $16.4 billion and overtake it as the eighth-largest digital asset by market cap.<\/p>\n

Tuesday saw the global cryptocurrency market capitalization surpass $1 trillion for the first time in as many months. Nonetheless, the total trading volume of cryptocurrencies decreased by more than 1 percent to $63 billion.<\/p>\n

The price of Solana experienced a robust bounce as investors continued to purchase dips. The token’s breakthrough of the $46 threshold represented its highest price since May of this year.<\/p>\n

\"\"<\/p>\n

Image - Changelly<\/pre>\n
SOL Gets 70% More Light<\/h2>\n
SOL\u00a0has increased by more than 70 percent from its year-to-date low as the volume of its DeFi platforms has grown. Solana’s market capitalization of $15 billion makes it the ninth largest cryptocurrency in the market.<\/p>\n
Solana was able to overcome $44’s primary obstacle and convert it into support. Thus, SOL soared past the rising triangle, which is currently being tested as support. If this range is sustained over the medium term, the route to $59 will become less difficult.<\/p>\n
The price of SOL has climbed by around\u00a020% during the previous 36 hours. It rose from a monthly low of $38.60 to a new monthly peak of $46.25. The quick increase has enabled the cryptocurrency to pass a significant area of resistance, which could lead to new highs.<\/p>\n
Suggested Reading |\u00a0XRP Must Breach This Key Level To Avert The Downturn<\/a><\/em><\/strong><\/p>\n
<\/p>\n
SOL total market cap at $15.5 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
In the near future, the bulls may seek to drive prices higher and surpass the $42.01 resistance level. The following resistance levels for bulls are $43\u00a0and $43.5.\u00a0 Prices are exhibiting a bullish ascending triangle pattern.<\/p>\n
Meanwhile, STEPN, a top-rated Solana-based Move-to-Earn initiative, announced last week that its platform fees produced over $122 million in income during the second quarter of this year. This is significant Solana news that is shaping the broader cryptocurrency market.<\/p>\n
In related news, Katana, the premier Yield Generation protocol for Solana, has disclosed that the platform has received over $600 million in options volume traded through the platform, indicating the enormous demand for Yield Farming services on Solana.<\/p>\n
Featured image from Vecteezy, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Recent Solana price analysis indicates that the\u00a0bulls have taken the driver’s seat\u00a0as prices of the crypto\u00a0have surpassed the\u00a0$45 mark. As of this writing, SOL is trading at $46.25, up 40% in the last seven days, data from Coingecko show, Tuesday. The market is anticipated to continue its ascent as long as $41 serves as support. Nevertheless, the bears may claw their way back\u00a0if prices fail to surpass\u00a0the $42 resistance barrier. Suggested Reading | Polygon Price Explodes By 60% \u2013 Is MATIC Nearing $1 Target? Solana Outperforms Major Cryptos Solana’s price behavior over the past seven days has outpaced Bitcoin, BNB, XRP, and Cardano despite not displaying as much upside as Ethereum during the same time period. If SOL keeps going up, its market capitalization might exceed Cardano’s $16.4 billion and overtake it as the eighth-largest digital asset by market cap. Tuesday saw the global cryptocurrency market capitalization surpass $1 trillion for the first time in as many months. Nonetheless, the total trading volume of cryptocurrencies decreased by more than 1 percent to $63 billion. The price of Solana experienced a robust bounce as investors continued to purchase dips. The token’s breakthrough of the $46 threshold represented its highest price since May of this year. Image – Changelly SOL Gets 70% More Light SOL\u00a0has increased by more than 70 percent from its year-to-date low as the volume of its DeFi platforms has grown. Solana’s market capitalization of $15 billion makes it the ninth largest cryptocurrency in the market. Solana was able to overcome $44’s primary obstacle and convert it into support. Thus, SOL soared past the rising triangle, which is currently being tested as support. If this range is sustained over the medium term, the route to $59 will become less difficult. The price of SOL has climbed by around\u00a020% during the previous 36 hours. It rose from a monthly low of $38.60 to a new monthly peak of $46.25. The quick increase has enabled the cryptocurrency to pass a significant area of resistance, which could lead to new highs. Suggested Reading |\u00a0XRP Must Breach This Key Level To Avert The Downturn SOL total market cap at $15.5 billion on the daily chart | Source: TradingView.com In the near future, the bulls may seek to drive prices higher and surpass the $42.01 resistance level. The following resistance levels for bulls are $43\u00a0and $43.5.\u00a0 Prices are exhibiting a bullish ascending triangle pattern. Meanwhile, STEPN, a top-rated Solana-based Move-to-Earn initiative, announced last week that its platform fees produced over $122 million in income during the second quarter of this year. This is significant Solana news that is shaping the broader cryptocurrency market. In related news, Katana, the premier Yield Generation protocol for Solana, has disclosed that the platform has received over $600 million in options volume traded through the platform, indicating the enormous demand for Yield Farming services on Solana. Featured image from Vecteezy, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":496158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,84543],"tags":[428,1144,6664,65296,8686,12837,83626],"class_list":["post-496143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-solana","tag-bitcoin","tag-btcusd","tag-crypto","tag-ethbtc","tag-ethusd","tag-sol","tag-solana"],"acf":[],"yoast_head":"\nSolana Adds 70% More Shine - Can SOL Keep The Light Coming?<\/title>\n<meta name=\"description\" content=\"Recent Solana price analysis indicates that the\u00a0bulls have taken the driver's seat\u00a0as prices of the crypto\u00a0have surpassed the\u00a0$45 mark. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Adds 70% More Shine – Can SOL Keep The Light Coming?","url":"http:\/\/wncen.com\/news\/solana-adds-70-more-shine\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana-adds-70-more-shine\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Solana-3.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Solana-3.png?fit=777%2C387"},"articleSection":"Solana","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","crypto","ethbtc","ethusd","sol","solana"],"dateCreated":"2022-07-19T15:25:29Z","datePublished":"2022-07-19T15:25:29Z","dateModified":"2022-07-19T15:39:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Adds 70% More Shine – Can SOL Keep The Light Coming?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-adds-70-more-shine\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-adds-70-more-shine\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Solana-3.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Solana-3.png?fit=777%2C387\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"crypto\",\"ethbtc\",\"ethusd\",\"sol\",\"solana\"],\"dateCreated\":\"2022-07-19T15:25:29Z\",\"datePublished\":\"2022-07-19T15:25:29Z\",\"dateModified\":\"2022-07-19T15:39:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Solana-3.png?fit=777%2C387","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/496143"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=496143"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/496143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/496158"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=496143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=496143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=496143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}