Solana Price Up 35% This Week Amid Ethereums 44% Rise » NullTX - BitcoinEthereumNews.com
Cryptocurrency markets are bullish today, with Solana and Ethereum prices showing the most significant price growth this week. SOL is up over 35%, and ETH is up 44% in the past seven days, as the global cryptocurrency markets top the $1 trillion market capitalization level. Solana Price Prediction – Solana Price Breaks Through $45 Resistance After peaking at $45 yesterday and returning to the $42 level, Solanas market has found new bullish support as it rallied past the $46 level, peaking at $47 before testing support. As one of the primary Ethereum challengers, Solana is capitalizing on ETHs recent price growth as traders push Ethereum prices higher due to its upcoming network switch from a proof-of-work to a proof-of-stake cryptocurrency scheduled in September. While Solana‘s network isn’t planing any significant upgrades soon, SOLs ecosystem continues to expand with Katana, a leading yield generation protocol on Solana, anounced that it surpassed over $600 million in options volume yesterday. One inherent advantage to Solanas network is the incredibly low transaction fees compared to Ethereum, which makes it a highly popular option for traders. Moreover, Solana offers a unique ecosystem of well-designed and unique NFT projects with a robust community of collectors and artists. 2M SOLUSD // Source: CoinMarketCap SOL is