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Solana Lost 9.5% of its Value
Since the cryptocurrency markets have been struggling lately, the rubble has once more fallen on Solana or SOL. Chairman of the Federal Reserve Jerome Powell’s most recent statement is one of the leading causes of the most recent controversy. As a result of his remarks, major cryptocurrencies lost support, and it now seems that SOL is among the most challenging assets to keep. Solana has lost 9.5% of its value in only one day and is currently trading at 31.76 USD. This statistic shows that this is the lowest position Solana has seen since mid-July.
As previously said, some traders anticipate that prices will once more test the 26 USD level because of the developing adverse attitude for Solana. Some others even expect even further price cuts. With some surprise winners this week, the Solana ecosystem is beginning to show some signs of relief. In the aftermath of the most recent devastation, several of these protocols have increased activity along with token ownership.
Solana: Top Daily Gainers
In a tweet, Solana News listed the top Daily Gainers within the Solana ecosystem. According to the research, Soldoge performed the best out of all the assets on Solana. Over the last day, the price of the SDOGE token climbed by an astonishing 100.2%. Kitty Coin Solana, whose token price rose by 24.5%, is next.
The most well-liked Solana coins among holders were detailed in information released by Solana Daily. With 6.74 million current owners, KIN is still the most widely used token. The next company is Gari, which is held by 1.88 million investors. The GST and GMT tokens from the gaming business Stepn, situated in Solana, come next.
The Solana community will be energized by the appearance of well-known names as the top dApps at this time. According to Solana Daily, Gameta is once again the best-performing Solana-based dApp with over 56.44K daily users. Magic Eden and OpenSea, two well-known NFT marketplaces, are in second and third place, with 28.8K and 4.7K daily users, respectively.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
