#SolanaStrong
Bearish factors: FTX is unlocking 189,851 SOL, the persistent resistance level at $168 and the recent ETF outflows create obstacles.
ManuelRD
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#SolanaStrong
Surpasses Ferrari in Market Capitalization
The market capitalization of Solana reached $89.17B, surpassing Ferrari's $88.05B, marking a significant milestone for crypto assets.
It currently holds the #6 position in the crypto market with 536M tokens in circulation and a daily volume of $5.73B.
Solana surpasses Ferrari and demonstrates the increasing relevance of cryptocurrencies in the mainstream arena.
Key Factors:
• Bullish Factors:
Institutional adoption (Upexi holds 1.65M SOL), the supply of stablecoins at $13B enhances liquidity, and ETF inflows exceed those of Ethereum's initial phase. Institutional data shows growing interest.
• Bearish Factors: FTX is unlocking 189,851 SOL, the persistent resistance level at $168, and recent ETF outflows create obstacles.
$SOL
Surpasses Ferrari in Market Capitalization
The market capitalization of Solana reached $89.17B, surpassing Ferrari's $88.05B, marking a significant milestone for crypto assets.
It currently holds the #6 position in the crypto market with 536M tokens in circulation and a daily volume of $5.73B.
Solana surpasses Ferrari and demonstrates the increasing relevance of cryptocurrencies in the mainstream arena.
Key Factors:
• Bullish Factors:
Institutional adoption (Upexi holds 1.65M SOL), the supply of stablecoins at $13B enhances liquidity, and ETF inflows exceed those of Ethereum's initial phase. Institutional data shows growing interest.
• Bearish Factors: FTX is unlocking 189,851 SOL, the persistent resistance level at $168, and recent ETF outflows create obstacles.
$SOL
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