Solana Jumps Double Digits to Reclaim $11
Solana is down almost 20% over the past month as many SOL-based projects migrate to pastures new.
Solana (SOL) has increased by over 11% in 24 hours. the new year price will increase by $11 after a few days of trading below double digits.
Solana has support from Ethereum founder Vitalik Buterin who tweeted last week that "smart users" have told him there is an earnest smart developer community in Solana, and the chain has a bright future currently that the awful opportunistic money users have been washed out As well he hopes the Solana community gets its fair chance to thrive.
Solana's new year boosts haven't canceled out the battering the would-be Ethereum killer has taken over the last months.
Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.— vitalik.eth (@VitalikButerin) December 29, 2022
Hard for me to tell from outside, but I hope the community gets its fair chance to thrive
Solana slid from fifth place on the list of largest cryptocurrencies by market cap in November 2022 to 19th it slipped out of the top 20.
Solana Foundation shared information about its financial entanglement with the now-bankrupt exchange and its sister firm Alameda Research.
Also, large-scale projects have expressed plans to abandon the Solana ecosystem in recent months.
Solana is now a trending coin on CoinMarketCap The live Solana price today is $11.81 with a 24-hour trading volume of $670,293,152. Solana is up 18.23% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $4,342,785,507. It has a circulating supply of 367,800,847 SOL coins.
Solana price statistics the SOL price change in 24 hours is +$1.96 of 19.63%. SOL's 7-day low is $9.97 and the 7-day high is $11.81 with 0.54% Market dominance and 5267.02% Solana ROI.
Related: Litecoin Records Certain Milestones In 2022 Despite The General Downtrend