Ethereum

Solana

The post <a href="https://cryptosnewss.com/solanas-800m-surge-will-it-break-the-160-barrier/" rel="noopener noreferrer nofollow">Solana’s $800M Surge: Will It Break the $160 Barrier?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.Over the past three months, <a href="https://www.google.com/url?sa&#61;t&amp;source&#61;web&amp;rct&#61;j&amp;opi&#61;89978449&amp;url&#61;https://solana.com/&amp;ved&#61;2ahUKEwjt9ILJp_GIAxWwUWcHHaCvInoQFnoECAkQAQ&amp;usg&#61;AOvVaw2lb257WsMSOOLezCj7tVBm" rel="noopener noreferrer nofollow">Solana</a> has registered over $800 million in net inflows, significantly outpacing other chains like Ethereum, which saw nearly $800 million in outflows during the same period. This influx of capital into Solana underscores its growing popularity and the confidence investors have in its scalability and low transaction fees.<a href="https://cryptosnewss.com/solana-based-memecoins-show-resilience-amid-market-retrace/" rel="noopener noreferrer nofollow">Solana’s</a> ability to process thousands of transactions per second has made it an attractive option for new projects, contributing to its substantial net inflows. In contrast, Ethereum, despite being the largest smart contracts platform, has struggled with high fees and network congestion, leading to significant outflows. The continuous selling of ETH in Q3 2024 has further exacerbated this trend, with Ethereum’s price dropping by 35% from its Q3 highs.Despite the positive momentum, Solana faces challenges. The $160 price level has emerged as a critical resistance point that Solana needs to break through to continue its upward trend. If Solana can surpass this level, it could potentially reach as high as $190. However, the broader market conditions, particularly Bitcoin’s performance, could impact Solana’s price movement. Additionally, the upcoming FTX token distribution scheduled for December 26, 2024, could introduce further volatility to Solana’s price.In summary, while Solana’s recent net inflows are a positive indicator of its growing adoption and investor confidence, it must navigate several challenges to sustain its upward trajectory and break through the $160 resistance level.The post <a href="https://cryptosnewss.com/solanas-800m-surge-will-it-break-the-160-barrier/" rel="noopener noreferrer nofollow">Solana’s $800M Surge: Will It Break the $160 Barrier?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Solana’s $800M Surge: Will It Break the $160 Barrier?

Cryptos Newss

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