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Why Solana (SOL) Price Is Rising! Solana (SOL) saw a significant price increase of over 18% on July 20, 2023. This pushed the coin’s market cap to $27 billion, making it one of the biggest gainers among major cryptocurrencies. So, what caused this strong rally? The most likely reason is Ark Invest CEO Cathie Wood’s praise for the Solana network. Wood described Solana as “faster and more cost-effective than even Ethereum” in a television interview.
Wood’s praise seems to have helped Solana recover from its previous decline following the FTX crash. However, the coin has been on a steady uptrend for most of the year, with some analysts attributing this trend to a price correction after a prolonged period of depreciation.
According to CoinGecko data, Solana’s price has increased by over 52% in the past week alone. The coin’s year-to-date performance is even more impressive, with a staggering increase of over 350%. At the time of writing, SOL is trading at $65.79.
Could the rally continue? It is likely that Wood’s praise will fuel Solana’s rally. However, it is not possible to say for sure whether the rally will continue. The cryptocurrency market is quite volatile, and short-term price movements are often affected by news and other factors.
Solana’s price could also change depending on the general market sentiment. However, Solana’s long-term potential looks quite strong. The coin offers similar speed and scalability to Ethereum, while having lower transaction fees. This means that Solana has the potential to rise as a rival to Ethereum. It will be interesting to see how Solana’s price performs in the coming weeks and months.
Hello friends, let's not forget to earn xp by answering daily questions correctly in the ''intract quests'' where we do#lineatasks. It takes 1 minute maximum per day.
The ''Mark Your Streak'' tab will appear, let's go there and earn extra xp points by answering the quiz questions
And the answer to today's question is below. https://www.intract.io/linea?referral
✅ Yaptığımız airdrop işlemlerinde verilerimizi görebileceğimiz web siteler 👇
🔹LayerZero için aşağıdaki ilk 2 siteyi kullanabilirsiniz. Ayrıca yeni duyurulan resmi L0 Scan henüz tam olarak tüm işlemleri göstermesede check edebilirsiniz. 👉 10kdrop.com/layerzero 👉 wenser.xyz/check/layerzero 👉 layerzeroscan.com/protocol
🔹ZkSync Era cüzdan takibi için kullanabiceğiniz siteler;
▪️NOT: @10KSwap üzerinden verilere ulaşmanız için wallet indirmeniz gerekiyor.
🔹Starknet için aşağıdaki bağlantı üzerinden wallet indirerek Starknet ağını seçip verilerinizi görebilirsiniz. Ek olarak Sybilstat sitesini de kullanabilirsiniz fena değil.
👉 10kswap.com/wallet 👉 sybilstat.com 🔹Base, Scroll ve tabi en önemlisi Linea gibi yeni ağların verilerine aşağıdaki siteler üzerinden ulaşabilirsiniz. Ağlar arası geçiş yapıp adresinizi aratarak işlemlerinizi görebilirsiniz.