Solana Analysis: SOL Could Surge Above $70 as Active Addresses Exceed Three-month High

Gideon Geoffrey Last Updated November 28, 2023 @ 23:55

Solana is seeing significant growth as cryptocurrency markets improve. Its value has reversed the losses it saw during the previous intraday session, when it began trading at $57.5 but dropped to a low of $53. Although it later saw a slight recovery, it closed with losses of over 4%. When starting the day’s new session, SOL opened at $55- only to again drop to its prior day’s low. Yet since then, SOL has rallied and is currently undergoing trade at $58.

While one may question the frequent flux in price movement, Standard Chartered Bank has proffered its certainty in the approval of what is referred to as a Bitcoin ETF. This speculation has predictably spurred a rise in the standards of major digital currencies, with Solana potentially joining these in a soon-to-come uptrend. For instance, the overall active address tally two days prior surpassed 450k; chronologically, its highest reaching number within the last five months.

Conclusion meriting close attention; your crypto deserves the best security. Just invest $79 in a Ledger hardware wallet and you’re equipped for any combination of Bitcoin, Ethereum, Solana, Polygon, NFTs, Web3, or Metaverse.

Robert Wilson author
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