Bitcoin and Solana - What's Going to Happen In September
The cryptocurrency market is nudging higher with the market’s capitalization back above $2.10 trillion, driven in part by a strong performance across the alt-coin space. Solana (SOL) has been a notable out-performer over the recent weeks, hitting a high of $130 on Monday before fading back to a current level of $110. Solana, now the 8th largest crypto by market cap, traded around $22 in late July and started the year around $2. The recent rally has been accompanied by surging volumes, suggesting further highs may be on the horizon.
News, volume, and BTC on exchanges all look promising.
Historically September isn't a great BTC month, but I'm hoping it's at least a continued grind up from here and closing the year on a strong high!
Another project I'm excited to see move up is Solana.
Solana (SOL) is on a tear at the moment, hitting all-time high after all-time high. The price increased over 200% in August and is up over 7,000% since the start of the year, according to data from CoinGecko.
This pushed Solana into the top 10 cryptocurrencies by market cap. At the time of writing, Solana, which is available at most top cryptocurrency exchanges, sits in eighth place.
When the price of a cryptocurrency rises so quickly, it's always difficult to know whether we're about to see an equally dramatic fall. Understanding why the price has jumped is one way to gauge how sustainable that growth is. Here are some reasons for Solana's growth.
https://www.fool.com/the-ascent/cryptocurrency/articles/5-reasons-why-solana-sol-keeps-climbing/
There are over 400 projects built on Solana's network, including various decentralized finance (DeFi) applications. Decentralized finance is an umbrella term for a host of projects that take the middleman (often banks) out of financial transactions.
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I have a little amount in solana. And it becomes bigger. It is a good investment.
Solana is doing very unbelievable tasks this days. I never think about solana's such price in this short period. But solana do this. Love to stay with solana.
The price of SOL is increasing rapidly but I'm not hopeful for BTC right now. It may not be cross $50k .
Solana is doing goo now i think, holder are happy.
solana is definitely booming reaching historic highs, but you have to study her past (which produced that growth) in order to predict her future (where she is going) so that in this way she does not take us by surprise.
Buying solana was a good decision, i also have some. Good investment.