Tron’s recent rise has overshadowed most market assets. Solana has had a fantastic year, thanks to its 600% rise. This month, the asset was pushed back after an 18% fall. SOL traded at $143.59 as of press time. There had been no significant fluctuations in the last 24 hours.
This asset had been in a fierce battle with Binance Coin for fourth place on the cryptocurrency ladder. SOL has a current market cap of $66,94 billion making it the 5th largest cryptocurrency. BNB is worth $84billion.
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Solana Network: Positive developments
Solana’s sudden price hike was a surprise, especially considering its positive performance.Developments in the network. Brazilian Government has been embracing assets Approve spot-exchange traded funds (ETFs) like Solana.
Brazil has been seen launching multiple ETFs based on Solana, while the United States lags behind. The asset’s price hasn’t increased significantly following this news. However, community members are hopeful for an upbeat end to the month.
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What will Solana do to end August 2024 in his own words?
Solana is expected to have a quiet end to August’s turbulent month. Changelly’s data suggests that SOL prices will remain the same in the coming weeks. Altcoins will be traded at $142.81, which is a small drop from the current price range.
Meme Coin Popcat’s Market Impact
SOL is largely ignored by the market, but a meme coin named Popcat made quite a stir.
Solana Market to Rise Potentially
As the Solana meme is the main focus of attention, many are waiting for the market to rise.
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SOL’s price could rise as a result of the ETF launched by the U.S. Government.
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Source: watcher.guru