Token

Solana

when

<ul> 
 <li>Solana, a platform rivaling Ethereum’s Layer-1 network, exhibited a 10% increase in the last 24 hours, showcasing its resilience.</li> 
 <li>According to data, the daily count of new addresses on the Solana network surpassed 691,000, based on the seven-day moving average.</li> 
 <li>Solana has consistently experienced significant growth in decentralized exchanges (DEXs), with daily transaction volumes exceeding $2 billion since the beginning of March.</li> 
</ul> 
<p><strong>As the Solana price gains strength above $150, Grayscale’s Solana investment product has surged to $540.</strong></p> 
<h2 id="strong-rising-solana-price-and-increasing-gsol-premium-strong"><strong>Rising Solana Price and Increasing GSOL Premium</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-132977" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Solana-SOL" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-4.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>Solana, a platform rivaling Ethereum’s Layer-1 network, exhibited a 10% increase in the last 24 hours, showcasing its resilience. Currently, the price of Solana (SOL) stands at $152, showing a 7.5% increase with a market capitalization of $66.6 billion.</p> 
<p>If the bullish momentum continues and SOL maintains its position above $150, there is potential for further upward movement towards $200. Grayscale Solana Trust (GSOL) made headlines on March 8 when its secondary market price reached $540, and its premium rate surprisingly surged to 873%, according to Grayscale’s data.</p> 
<p>However, by March 11, the price of GSOL experienced a decline, settling at $317 at the closing bell. Despite the price drop, the premium rate remained remarkably high at 472%. The volatility in GSOL’s secondary market price has drawn significant attention from investors and analysts.</p> 
<p>This indicates strong institutional demand for Solana. As reported by COINOTAG, Solana investment products recorded a net inflow of $24 million last week.</p> 
<h2 id="strong-sol-shows-an-increase-in-new-addresses-strong"><strong>SOL Shows an Increase in New Addresses</strong></h2> 
<p>Solana (SOL) is experiencing a notable increase in new addresses, reaching an all-time high. According to data, the daily count of new addresses on the Solana network surpassed 691,000 based on the seven-day moving average. This increase in adoption is interpreted as a sign of real user interaction on the network.</p> 
<p>The rise in new addresses is considered not only speculative interest but also an indicator of Solana’s likelihood to reach new all-time highs. Solana surpasses other major blockchains, including Ethereum, Arbitrum, Optimism, BNB Chain, Tron, and Avalanche, in terms of daily transactions.</p> 
<p>Additionally, Solana has consistently experienced significant growth in decentralized exchanges (DEXs) with daily transaction volumes exceeding $2 billion since the beginning of March. The increase in activity underscores the growing momentum and robust ecosystem around the Solana blockchain.</p> 
<p>The rise to $150 can be attributed to the positive sentiment prevailing in the current market. The continuous oscillation within the rectangle pattern offers investors a potential re-entry opportunity for long-term gains. Breaking the $150 resistance could trigger a significant rally fueled by FOMO, directing targets towards the $200 level.</p> 
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<p>The post <a rel="nofollow" href="https://en.coinotag.com/grayscale-solana-trust-premium-increasing-can-sol-token-reach-200/">Grayscale Solana Trust Premium Increasing: Can SOL Token Reach $200?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

Grayscale Solana Trust Premium Increasing: Can SOL Token Reach $200?

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