Cryptocurrency

Solana

DeFi

Status

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-experiences-significant-price-movements/" data-wpel-link="internal">Cryptocurrency Market Experiences Significant Price Movements</a> 
In the <a href="https://en.coin-turk.com/crypto-market-trends-analyzing-recent-fluctuations-and-future-prospects/" data-wpel-link="internal">cryptocurrency market</a>, an incredible price movement occurred 2 days ago, and BTC’s value dropped to $58,500 for the first time in a long period. Since the FED <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> decision announced about 2 weeks ago, BTC’s decline reached this period’s low level. BTC’s drop triggered a decline in altcoins, creating a selling pressure across the market. After this point, things changed, and a noticeable price recovery occurred. BTC’s price rose again to $61,700, and altcoins also moved. DOGE became one of the standout meme coins of the day, while two different altcoins in the top 10 were among the day’s biggest gainers. 
<h2 style="text-align: justify" id="solana-coin-analysis">Solana Coin Analysis</h2> 
At the beginning of 2023, Solana hit rock bottom but then experienced a remarkable recovery, with the price rising above $200, which perhaps no one outside of its investors expected. 
Towards the end of 2023 and even in March, there was a complete Solana frenzy, with the price surpassing $200. After this period, a noticeable price correction occurred. 
As of today, SOL experienced a 3.4% rise following the week’s gains. Despite a 0.48% weekly decline, SOL’s price is around $136.50. This slowdown in the price drop still indicates a 19% decline over the past month. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365169" src="https://coin-turk.com/wp-content/uploads/2024/06/solana-coin-turk-com-2.png" alt="" width="2057" height="121"> 
Following the recent price movements, Solana’s market cap rose to $63 billion, while daily trading volume dropped by 25% to $2.5 billion. 
On the other hand, the total value locked in the Solana network changed, reaching $4.25 billion. These <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provided by DeFiLlama indicate a 6.44% increase in the last 24 hours. The increase in market activity seems to have triggered a rise in DeFi volumes as well. 
<h2 style="text-align: justify" id="cardano-ada-latest-status">Cardano (ADA) Latest Status</h2> 
Recently, ADA, which has been frequently mentioned due to its decline, saw a recovery today. In the last 24 hours, ADA’s price rose by 3.88%, reaching $0.3914. <img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365168" src="https://coin-turk.com/wp-content/uploads/2024/06/cardano-yorum-coin-turk-com.png" alt="" width="2065" height="119"> 
In the weekly outlook for ADA, a 2.07% increase is noteworthy. During this period, the market cap rose to $13.990 billion. ADA’s 24-hour trading volume is around $264.97 million. 
Investors are now eagerly waiting to see when Solana will return to $200 and ADA will reclaim $1. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-experiences-significant-price-movements/" data-wpel-link="internal">Cryptocurrency Market Experiences Significant Price Movements</a></h5>

Cryptocurrency Market Experiences Significant Price Movements

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