Is Solana's (SOL) Massive Rally Shallow? Memes Might Cause Problem for It: Crypto Market Review, Dec. 4

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Market could be bringing us recovery signals with the most recent rally on $SOL, $LDO and $ADA, but the context is extremely important

continues: after an extremely depressing December, markets have finally found their wave and are currently moving upward. However, it is too early to celebrate a market-wide recovery, as one could result from a correction within the prolonged downtrend.The most recent price spike of Solana was the last thing the majority of investors was expecting, according to various sentiment indicators and metrics. The reason behind it is the previous performance of the assets on the market.

At press time, Solana is trading at $13 with a 37% price increase in the last three days. SOL reached the local bottom on Dec. 29, when the price of what used to be an"Ethereum killer" plunged to $8.Unexpectedly, one of the strongest performers at the beginning of 2023 was Cardano and its underlying coin, ADA. The decent spike in the price momentum has not been fueled by any major releases on the network or events that would have pushed ADA's price to new highs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SOL up 20% in 2023 as Solana Prepares to Demolish SHIB in Market Cap TopShiba Inu token's place in market cap top in danger as $SOL is already up 20% in 2023 shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn solanasol solana sol $shib Price movement is only but one indicator of strength. The one with stronger fundamentals and positive future will prevail.
Source: Utoday_en - 🏆 295. / 63 Read more »

Solana NFT trading volumes remain stable in the 2022 bear marketTrading volume for Solana-based NFTs remained steady in 2022, keeping the chain's second-place position behind Ethereum.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ether, altcoins higher as solana soars 14%, Coinbase gains pre-market after Tuesday's dropCrypto prices were higher today, while Coinbase gained in pre-market trading to recoup some of Tuesday's losses. The Fed's latest meeting minutes from December will be released at 2 p.m. EST.
Source: TheBlock__ - 🏆 464. / 53 Read more »