Solana’s Price Spikes 16%, Trading Volume Soars to $10B in 24 Hours!

reportcryptos.com
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Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Solana’s (SOL) surge in value has propelled it to become the fourth-largest cryptocurrency by market value, surpassing Binance Coin (BNB). In the past 24 hours, SOL’s price has risen by over 16% to a market value of $41.8 billion, according to CoinMarketCap. The increase in SOL’s price has also led to a significant increase in trading volume, with contract trading volume rising by 32% to more than $10 billion in the past 24 hours. With open interest Solana currently stands at $1.34 billion, Solana ranks second only to Bitcoin and Ethereum in this regard.

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