Solana Takes a Breather From Double-digit Monthly Performance -Breaking
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Solana takes a deep breath after a double-digit monthly performance- (SOL) takes 7th place on CoinMarketCap’s trending list.
- Solana’s price momentum dies down after a 12%+ monthly rally.
- Kevin O’Leary names SOL as one of the altcoins in his crypto investment portfolio.
Solana (SOL) has made it to CoinMarketCap’s trending list and is currently occupying the 7th spot. SOL sits behind at 6th place and is in front of (LUNA) at 8th.
In the last 24 hours, SOL’s price has seen a dip of 5.09%, but when looking at the weekly numbers, SOL climbed by 0.70%. SOL has seen a 12.45% increase in price over the past 30 days. The current SOL price is $102.07.
SOL remains far from the $260.06 all-time record. Despite this and Solana’s price dipping lower in the last 24 hours, trading activity around the coin has picked up. SOL’s current 24 hour trading volume has increased by over 12%. This brings the 24-hour total trading volume to $1.8 billion.
The cool down in SOL’s significant monthly upswing could be traders taking a profit. It should be remembered that SOL’s price has increased more than it fell in the past month. If you look at the longer term, traders and investors could argue that SOL is still on a temporary uptrend.
In related news, Kevin O’Leary from the popular TV Show Shark Tank recently unveiled the altcoins that he holds in his crypto investment portfolio. Solana was one of those mentioned. He stated that he intends to collect more SOL tokens.
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