{"id":515513,"date":"2023-01-10T04:25:47","date_gmt":"2023-01-10T09:25:47","guid":{"rendered":"https:\/\/wncen.com\/?p=515513"},"modified":"2023-03-08T07:26:30","modified_gmt":"2023-03-08T07:26:30","slug":"solana-up-45-in-last-week","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-up-45-in-last-week\/","title":{"rendered":"Solana Moves On From FTX Calamity, Sparkles 46% In Last 7 Days"},"content":{"rendered":"

Solana (SOL) has been included in the top cryptocurrencies to watch out for this week of finance and crypto-focused site Investopedia.<\/span><\/p>\n

This no longer comes as a surprise considering that at one point during the last seven days, the digital asset, which was pulled all the way down to $9 towards the end of December, <\/span>managed to increase its value by 46%<\/span><\/a>.<\/span><\/p>\n

SOL outperformed industry frontrunners Bitcoin and Ethereum and all other top crypto assets occupying the top 10 spot in terms of market capitalization.<\/span><\/p>\n

Related Reading: Why Justin Sun\u2019s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg<\/a><\/div>\n

It would appear that the Solana Network is now ready to move on and rebuild after the collapse of the FTX crypto exchange platform where it had significant exposure courtesy of the 3.24 million shares of common stocks and 134.54 million FTT tokens it held.<\/span><\/p>\n

SOL seems to be on the right track at the early days of 2023 as a quick look at its intraday performance reveals its current surge is not yet done.<\/span><\/p>\n

\"Solana\"<\/h2>\n
Image: Coinpedia<\/pre>\n
Solana Up More Than 60% Before Minor Correction Phase<\/b><\/h2>\n
According to tracking from <\/span>Coingecko<\/span><\/a>, at the time of writing, Solana was changing hands at $16.41 and has gone up by almost 12% during the last 24 hours.<\/span><\/p>\n
Within the previous seven days, SOL has posted an impressive 45.7% increase while on its month-to-date (MTD) performance, the crypto asset is up 21%.<\/span><\/p>\n
It is important to note, however, that this came after the altcoin entered a minor correction phase that made it fall below the $17 marker.<\/span><\/p>\n
Related Reading: Dogecoin (DOGE) Is Now 4th Most Popular Cryptocurrency On BitPay<\/a><\/div>\n
Just a few hours before the closing of the January 9 trading sessions, Solana peaked at $17.37 but was unable to sustain its run in that particular territory.<\/span><\/p>\n
Meanwhile, price analysis points such as the Relative Strength Index (RSI) indicate that <\/span>SOL remains bullish<\/span> and might soon test the price range of between $16.5 and $18.2.<\/span><\/p>\n
Analysts, however, are not convinced that the cryptocurrency\u2019s gains are a representation of a long-term trend and could only be a \u201cknee-jerk reaction\u201d to months of bearish cycles.<\/span><\/p>\n
<\/p>\n
SOL total market cap at $5.9 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Meme Coin BONK Helping Solana\u2019s Rally<\/b><\/h2>\n
Aside from the efforts being done by the Solana Foundation to move forward after being hammered by the events involving the Sam Bankman-Fried company FTX, SOL appears to have benefited from the rousing success of BONK.<\/span><\/p>\n
The Solana-based meme crypto has managed to increase its total market cap by more than 1,000% last week as it turned heads in the digital currency space.<\/span><\/p>\n
At press time, the <\/span>digital asset<\/span><\/a> is trading at $0.00000161 and is enjoying a 97.5% increase in value over the last seven days. It now has an overall valuation of $66.81 million.<\/span><\/p>\n
-Featured image by Hamilton Recruitment<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Solana (SOL) has been included in the top cryptocurrencies to watch out for this week of finance and crypto-focused site Investopedia. This no longer comes as a surprise considering that at one point during the last seven days, the digital asset, which was pulled all the way down to $9 towards the end of December, managed to increase its value by 46%. SOL outperformed industry frontrunners Bitcoin and Ethereum and all other top crypto assets occupying the top 10 spot in terms of market capitalization. Related Reading: Why Justin Sun\u2019s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg It would appear that the Solana Network is now ready to move on and rebuild after the collapse of the FTX crypto exchange platform where it had significant exposure courtesy of the 3.24 million shares of common stocks and 134.54 million FTT tokens it held. SOL seems to be on the right track at the early days of 2023 as a quick look at its intraday performance reveals its current surge is not yet done. Image: Coinpedia Solana Up More Than 60% Before Minor Correction Phase According to tracking from Coingecko, at the time of writing, Solana was changing hands at $16.41 and has gone up by almost 12% during the last 24 hours. Within the previous seven days, SOL has posted an impressive 45.7% increase while on its month-to-date (MTD) performance, the crypto asset is up 21%. It is important to note, however, that this came after the altcoin entered a minor correction phase that made it fall below the $17 marker. Related Reading: Dogecoin (DOGE) Is Now 4th Most Popular Cryptocurrency On BitPay Just a few hours before the closing of the January 9 trading sessions, Solana peaked at $17.37 but was unable to sustain its run in that particular territory. Meanwhile, price analysis points such as the Relative Strength Index (RSI) indicate that SOL remains bullish and might soon test the price range of between $16.5 and $18.2. Analysts, however, are not convinced that the cryptocurrency\u2019s gains are a representation of a long-term trend and could only be a \u201cknee-jerk reaction\u201d to months of bearish cycles. SOL total market cap at $5.9 billion on the daily chart | Chart: TradingView.com Meme Coin BONK Helping Solana\u2019s Rally Aside from the efforts being done by the Solana Foundation to move forward after being hammered by the events involving the Sam Bankman-Fried company FTX, SOL appears to have benefited from the rousing success of BONK. The Solana-based meme crypto has managed to increase its total market cap by more than 1,000% last week as it turned heads in the digital currency space. At press time, the digital asset is trading at $0.00000161 and is enjoying a 97.5% increase in value over the last seven days. It now has an overall valuation of $66.81 million. -Featured image by Hamilton Recruitment<\/p>\n","protected":false},"author":557,"featured_media":515515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,87477,6664,1558,84471,12837,83626],"class_list":["post-515513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bonk","tag-crypto","tag-cryptocurrency","tag-meme-coin","tag-sol","tag-solana"],"acf":[],"yoast_head":"\nSolana Moves On From FTX Calamity, Sparkles 46% In Last 7 Days<\/title>\n<meta name=\"description\" content=\"Solana (SOL) has been included in the top cryptocurrencies to watch out for this week of finance and crypto-focused site Investopedia. 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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 Moves On From FTX Calamity, Sparkles 46% In Last 7 Days","url":"http:\/\/wncen.com\/news\/solana-up-45-in-last-week\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana-up-45-in-last-week\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Solana-2.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Solana-2.png?fit=767%2C440"},"articleSection":"Cryptocurrency Market News","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":["altcoin","bonk","crypto","cryptocurrency","meme coin","sol","solana"],"dateCreated":"2023-01-10T09:25:47Z","datePublished":"2023-01-10T09:25:47Z","dateModified":"2023-03-08T07:26:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Moves On From FTX Calamity, Sparkles 46% In Last 7 Days\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-up-45-in-last-week\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-up-45-in-last-week\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Solana-2.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Solana-2.png?fit=767%2C440\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\":[\"altcoin\",\"bonk\",\"crypto\",\"cryptocurrency\",\"meme coin\",\"sol\",\"solana\"],\"dateCreated\":\"2023-01-10T09:25:47Z\",\"datePublished\":\"2023-01-10T09:25:47Z\",\"dateModified\":\"2023-03-08T07:26:30Z\"}<\/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\/2023\/01\/Solana-2.png?fit=767%2C440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/515513"}],"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=515513"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/515513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/515515"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=515513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=515513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=515513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}