Solana

<ul>
 <li>Solana ecosystem’s TVL rose 2.2% over the day to reach $294.6M.</li>
 <li>Solana NFTs exhibit a spike of over 38% in the 24H sales volume.</li>
</ul>
Solana (SOL), popularly known as the “Ethereum-Killer” crypto, jumped over 10% in the last 24 hours to trade at $22.40 at press time. Contrarily, Bitcoin and Ethereum pulled on short but significant spikes — less than 10% – in the last 24h.
The day noted the world’s largest cryptocurrency, BTC, <a href="https://thenewscrypto.com/bitcoin-at-30k-confirms-complete-recovery-from-terra-and-ftx/" rel="noopener noreferrer nofollow">surpassing $30,000</a> with a 24H price surge of 6.25%. On the other hand, the rival Ethereum (ETH) soared over 3.4% to trade above $1,900.
As per the above chart, <a href="https://thenewscrypto.com/tag/solana/" rel="noopener noreferrer nofollow">Solana</a> laid a price candle above the 50-day moving average to confirm its bullish trend. Furthermore, the chart recorded the relative strength index (RSI) of SOL at 60 on the scale. Thus, SOL currently hovered in neither an oversold nor overbought state. If the RSI surpasses and enters the 70 range, it would display an overbought state with sell signals.
Significantly, Solana’s notable price surge is accompanied by a massive hike in SOL’s trading volume. As per CoinMarketCap, the 24H trading volume increased by 333%. At the time of writing, 391,697,821 SOL were in circulation, adding up to the token’s $8.7 billion market cap that surged 11.25%. However, at press time, this crypto was nearly down 91% from its ATH of $260.06 in November 2021.
Continue reading <a href="https://thenewscrypto.com/solana-rallies-10-alongside-the-bullish-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">@TheNewsCrypto</a>

Solana Rallies 10% Alongside the Bullish Bitcoin and Ethereum

TheNewsCrypto

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