Solana (SOL) Price Surges More Than 15% in 24 Hours- Here's why

Coinpedia
Coinpedia

30 Jun 2023 7:18 AM

Solana (SOL) network gained over 15% in the past 24 hours, trading around $18.59. The network's Web3 smartphone, Saga mobile, contributed to a 300%...

  • Solana (SOL) network has gained over 15% in the past 24 hours, trading around $18.59.
  • The network's Web3 smartphone, Saga mobile, has contributed to a 300% increase in daily traded volume, reaching $1 billion.
  • Despite allegations of being an unregistered security asset by the SEC, Solana developers and the global community remain optimistic.
  • Solana's price has been trapped in a macro falling trend but shows signs of approaching reversals.
  • Solana's recent pump suggests a potential retest of the macro falling trend in June.
  • Attention of crypto traders remains on the Bitcoin price, which may impact altcoins' market share.
  • Solana's surge in price can be attributed to the integration of deBridge Finance and its Solana SDK, enabling seamless interoperability with other EVM-compatible chains.
  • OKX, a popular cryptocurrency exchange, has introduced Solana (SOL) to its Dual Investment Structured Product, providing users with new opportunities to engage with the OKX ecosystem.

The overall sentiment in the article is positive, highlighting the gains and positive developments in the Solana network despite regulatory concerns.

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You May Ask

What is the current trading price of Solana (SOL)?How has the Web3 smartphone, Saga mobile, contributed to Solana's trading volume?What are the allegations against Solana by the SEC?What factors suggest potential reversals in Solana's price action?How has the integration of deBridge Finance and the introduction of Solana to OKX's Dual Investment Structured Product impacted Solana's price?

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