Solana ‘beats’ Bitcoin with ‘2nd highest’ figures – Good news for SOL investors?

to log the second-highest NFT sales volume in the last 24 hours, according to AMBCrypto’s analysis of CryptoSlam’s data. While volume for Solana-based NFTs exceeded $7 million, NFTs on Bitcoin fell short of the mark at $6.9 million.

Mad Lads registered weekly sales of more than $7 million, representing a 7% increase. It accounted for 15% of the Solana’s total NFT volumes over the week. Similarly, Tensorians logged over $4 million in NFT sales, after a whopping 131% jump. Sharp uptick was also observed in the number of transactions, buyers, and sellers.A lot would depend on how the network enhances its appeal in the NFT landscape. Solana already has a significant transaction fee advantage over Ethereum.However, it could be a matter of time before SOL reclaims $200, for it has been one of the best high-cap tokens over last month, with gains of more than 40%.

Moreover, funding rates dropped over the week. The drop indicated exit of over-leveraged longs, paving way for what could be another ascent in coming weeks.Aniket Verma works as a journalist at AMBCrypto. Contrary to most who are primarily interested in merely tracking price movements of cryptos, his focus is on examining the niche intersection between cryptocurrencies and traditional finance.

Source: Digital Coin News (digitalcoinnews.net)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana ‘beats’ Bitcoin here; Is $200 next for SOL’s price prediction?Solana's earnings from validator fees surpassed the fees generated on the Bitcoin network. How will SOL be impacted?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Solana ‘beats’ Ethereum – Did USDC have a say here?Solana handled more than $310 billion in stablecoin volumes over the week, more than double that of historically-dominant Ethereum.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Is Solana ‘overdue’ a price correction? – Exec’s prediction after altcoins crashBitcoin, along with prominent altcoins such as Ethereum, Dogecoin, Ripple, Solana, and Litecoin, faced substantial declines.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Thank Bitcoin, Solana-based memecoins for ‘weirdest’ bull marketSolana-based memecoins, have surpassed other pushing the memecoin total capitalization to $70 billion on the 1st of April .
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin’s halving is coming – Does this mean good news for Solana, LINK?Many things have changed in the market since the last bull cycle, and one thing that might have gone unnoticed is Chainlink's [LINK] trend
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin, Ethereum, Solana price predictions – What to expect this weekBitcoin fell below the $70k level earlier this month and dragged the rest of the market southward, but Ethereum and Solana show resilience.
Source: CryptoAmb - 🏆 22. / 68 Read more »