{"id":194458,"date":"2023-10-03T09:39:30","date_gmt":"2023-10-03T09:39:30","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194458"},"modified":"2023-10-03T09:39:30","modified_gmt":"2023-10-03T09:39:30","slug":"how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/","title":{"rendered":"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices"},"content":{"rendered":"

Solana (SOL) has emerged as a standout performer in the recent crypto market rally, catching the attention of investors and analysts alike. The entire cryptocurrency market has been on a bullish streak, with most digital assets turning green on the charts. However, Solana has managed to stand out by achieving an unprecedented increase in its price.<\/span><\/p>\n

At the time of writing, SOL was trading at $23.54 on <\/span>CoinGecko<\/span> and boasted a market capitalization near $10 billion. While the coin did register a 1.6% loss in the past 24 hours, its seven-day surge of 22% indicated its resilience and potential for further growth.\u00a0<\/span><\/p>\n

In fact, this remarkable price uptrend <\/span>enabled Solana to surpass<\/span> both Dogecoin (DOGE) and Cardano (ADA), securing its position as the seventh-largest cryptocurrency by market capitalization.<\/span><\/p>\n

BREAKING: $SOL FLIPS $DOGE AND $ADA IN MARKET CAP pic.twitter.com\/RXKCBQinIJ<\/p>\n

\u2014 DEGEN NEWS \ud83d\uddde\ufe0f (@DegenerateNews) September 30, 2023<\/p>\n

Solana\u2019s Growth Drivers<\/strong><\/h2>\n

One key factor behind Solana’s surge was its impressive 100%+ increase in 24-hour trading volume, providing robust support for its price appreciation. Additionally, Solana’s performance within the decentralized finance sector also experienced notable growth during this period.<\/span><\/p>\n

The positive sentiment surrounding Solana was further evidenced by data from <\/span>LunarCrush<\/span>, which indicated a nearly 47% surge in SOL’s social engagement over the last seven days. Investors and enthusiasts were increasingly drawn to the coin as its price continued to rise.<\/span><\/p>\n

<\/p>\n

Source: LunarCrush<\/p>\n

Gearing Up For A Bull Market<\/strong><\/h2>\n

Pseudonymous analyst Inmortal, active on the social media platform X, expressed optimism about Solana’s potential. <\/span>Inmortal believes<\/span> that Solana presents a significant opportunity for long-term investors to accumulate the cryptocurrency at a point of maximum potential.<\/span><\/p>\n

In two years you will realize that everything was as simple as buying $SOL below $20 and wait.<\/p>\n

But you were too scared because FTX was going to dump their coins.<\/p>\n

\u2014 Inmortal (@inmortalcrypto) September 20, 2023<\/p>\n

According to Inmortal, those who accumulate SOL at its current price point are likely to be handsomely rewarded in the coming years. In a statement, Inmortal said, “In two years, you will realize that everything was as simple as buying SOL below $20 and waiting. But you were too scared because FTX was going to dump their coins.”<\/span><\/p>\n

<\/p>\n

SOL market cap approaches the $10 billion level. Chart: TradingView.com<\/p>\n

Concerns had arisen when court documents revealed that FTX owns approximately $1.16 billion worth of SOL. This led many traders to speculate <\/span>that Solana’s price might face downward pressure if FTX were to liquidate its holdings.\u00a0<\/span><\/p>\n

However, notable investor Chris Burniske <\/span>pointed out<\/span> that only a fraction of FTX’s SOL holdings are actually liquid, stating, “Only ~13% of FTX\u2019s SOL holdings are liquid\u2026 Keep a cool head, folks.”<\/span><\/p>\n

As Solana continues to gain traction in the crypto market, investors are closely watching its performance, with many betting on the coin’s long-term potential and the possibility of significant rewards for those who enter the market now. <\/span><\/p>\n

The recent surge in Solana’s price and its positive developments in the DeFi space have solidified its position as a cryptocurrency to watch.<\/span><\/p>\n

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n

Featured image from<\/span><\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Solana (SOL) has emerged as a standout performer in the recent crypto market rally, catching…<\/p>\n","protected":false},"author":4,"featured_media":194457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nHow Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Solana (SOL) has emerged as a standout performer in the recent crypto market rally, catching...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-03T09:39:30+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/10\/How-Solana-Outperformed-2-Top-Altcoins-Ripple-Effect-On-Prices.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/\",\"name\":\"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices - Tokens Talk\",\"isPartOf\":{\"@id\":\"https:\/\/tokenstalk.info\/#website\"},\"datePublished\":\"2023-10-03T09:39:30+00:00\",\"dateModified\":\"2023-10-03T09:39:30+00:00\",\"author\":{\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\"},\"breadcrumb\":{\"@id\":\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tokenstalk.info\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tokenstalk.info\/#website\",\"url\":\"https:\/\/tokenstalk.info\/\",\"name\":\"Tokens Talk\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tokenstalk.info\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices - Tokens Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/","og_locale":"en_US","og_type":"article","og_title":"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices - Tokens Talk","og_description":"Solana (SOL) has emerged as a standout performer in the recent crypto market rally, catching...","og_url":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/","og_site_name":"Tokens Talk","article_published_time":"2023-10-03T09:39:30+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/10\/How-Solana-Outperformed-2-Top-Altcoins-Ripple-Effect-On-Prices.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/","url":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/","name":"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices - Tokens Talk","isPartOf":{"@id":"https:\/\/tokenstalk.info\/#website"},"datePublished":"2023-10-03T09:39:30+00:00","dateModified":"2023-10-03T09:39:30+00:00","author":{"@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab"},"breadcrumb":{"@id":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tokenstalk.info\/crypto\/how-solana-outperformed-2-top-altcoins-ripple-effect-on-prices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tokenstalk.info\/"},{"@type":"ListItem","position":2,"name":"How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices"}]},{"@type":"WebSite","@id":"https:\/\/tokenstalk.info\/#website","url":"https:\/\/tokenstalk.info\/","name":"Tokens Talk","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tokenstalk.info\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/194458"}],"collection":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/comments?post=194458"}],"version-history":[{"count":0,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/194458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media\/194457"}],"wp:attachment":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media?parent=194458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/categories?post=194458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/tags?post=194458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}