SOL trend analysis: Today's upgrades, can the congestion be ended?
1. OK, finally it's time to upgrade. Whether there is any actual effect is not known yet. This is a long-term governance process. It's really funny to think that the SOL chain was actually crashed by the mining coin $ORE. What's even funnier is that: $ORE's market value: only 3.7M, pool: only 25 SOL daily transactions: only 200,000 US dollars/day.
2. The total fees and total revenues on the chain fell by 15.86% and 16.67% respectively, due to reduced transaction congestion. The number of new token accounts fell by 6.21%, and the speed of new projects joining slowed down. The number of active wallets also fell by 1.54%, and the situation is waiting to be fixed.
3. The total locked amount is around 4.3 billion US dollars, which is acceptable. Yesterday's congestion has improved, and the non-voting failure rate has dropped to 54%. Now it is urgent to solve technical problems, and then promote several high-quality projects, so that the SOL price can be gradually restored.
4. The current SOL situation is still not suitable for intraday short-term trading. It is recommended to continue the trend order: 168/165/160 low-absorption.
Brothers, no threshold, strong group. The main leaf introduction is pinned to the top. If you don’t understand, you can find me. The bull trend remains unchanged, 2024-2025, keep up with the pace.
Everyone, come on, the bull market is going to go.
