Solana managed to weather a cryptocurrency market downturn last week, which saw Bitcoin and Ethereum prices drop by around 9%. SOL emerged as one of the best-performing cryptocurrencies, surpassing the resistance level and reaching above the $200 milestone on March 18, 2024. The token exceeded BNB in overall market value and dethroned it to secure the 4th spot in the market. Nevertheless, the ‘Ethereum killer’ token has experienced a 10% decrease over the last 24 hours and a 6% drop in performance over the past week. Is it advisable to purchase, trade, or hold onto your assets?
Current Market Performance of Solana Price
The current trading price of Solana is $169.26, showing a 9.6% decrease in value. It has documented a trading volume of $4.7 billion over a 24-hour period, experiencing a drop of 35.41%. This shows that the level of SOL being traded has decreased. Investors’ engagement with Solana and their interest and liquidity levels appear to have decline as well.
The decrea
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