- Solana tops CMC trending cryptocurrencies.
- SOL maintains top 10 market position.
- Solana flips BTC, ETH and BNB in CMC’s trending crypto.
High throughput blockchain network Solana (SOL) once again takes the crypto world spotlight when it tops the CMC trending cryptocurrencies. In detail, Solana left behind giant cryptos such as Bitcoin, Ethereum, and Binance. This performance by Solana spread like wildfire in the crypto community. As a result, it is attracting the attention of investors in and out of the crypto industry.
In terms of market status, the crypto market capitalization amounts to over $29 billion with a 24-hour trading volume of almost $2 billion. This market performance of the crypto made it one of the top 10 cryptos in CoinMarketCap.
Meanwhile, as seen in the graph above, Solana continues to defy the bearish market. In fact, the crypto keeps its position above the Arnaud Legoux moving average (ALMA), a decent position. If this trend continues, SOL might be able to advance its position and break its resistance level of $95.83. If it does, investors may expect SOL to advance further and reach the bullish price of $122.16.
But of course, this price forecast of the crypto still depends on the behavior of the market and its network investors.
On the other hand, famous people are also seen to be supporting Solana. For example, former NBA player Shaquille O’Neal changed his Twitter bio From SHAQ.ETH to SHAQ.SOL. Shaq’s activity was seen by all his followers across the Twitter world.
At the time of writing, SOL trades a decent amount of $89.78. However, this price of the crypto has had a decline rate of -3% in the past 14 days. Therefore, do you think this is already a good time to buy Solana?
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
