$SOL
Here is a summary of recent news on Solana (SOL):
Price Performance: Solana's price has fluctuated around US$166-172 (approximately €138-143), with a slight decrease of 0.41% over 24 hours but a notable increase of 12% over the week. Trading volume jumped 49% in 24 hours, surpassing BTC and ETH, a sign of increasing activity.
Solana ETF: A major announcement is circulating: the first Solana ETF in the United States, including staking, is expected to begin trading on Wednesday. This could attract new investors and strengthen SOL's credibility.
Network Activity: Despite a 10% decrease in overall activity, some DeFi projects like Saros (raising $3.7M) and Circle's EURC integration show resilience. TVL remains solid with $132M in net inflows over 30 days. Innovations: Solana dominates 95% of tokenized securities trading volume, a booming sector. "Solana Actions" and "blockchain links" facilitate transactions, boosting adoption in commerce and DeFi.
Challenges: Mistrust persists due to memecoin scams, with a 40% drop in active users recently. Ethereum and Arbitrum are capturing some of the fleeing capital.
Sentiment: Posts on X evoke growing optimism, with analysts predicting a breakout towards $180 if resistance levels are broken, driven by the momentum of ETFs and the memecoin ecosystem.
In summary: Solana remains dynamic despite challenges, with the ETF as a potential catalyst for a rebound. Investors are watching support levels ($145) and increased competition. Cryptos are risky; do your research before investing.