Bitcoin
Bitcoin (BTC)
$63,647.00 5.29587
Bitcoin price
Ethereum
Ethereum (ETH)
$3,425.54 6.46887
Ethereum price
BNB
BNB (BNB)
$577.16 6.92799
BNB price
Solana
Solana (SOL)
$156.95 6.98888
Solana price
XRP
XRP (XRP)
$0.5339060 0.68842
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 8.30927
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 21.7968
Pepe price
Bonk
Bonk (BONK)
$0.0000261 9.65276
Bonk price
Bitcoin
Bitcoin (BTC)
$63,647.00 5.29587
Bitcoin price
Ethereum
Ethereum (ETH)
$3,425.54 6.46887
Ethereum price
BNB
BNB (BNB)
$577.16 6.92799
BNB price
Solana
Solana (SOL)
$156.95 6.98888
Solana price
XRP
XRP (XRP)
$0.5339060 0.68842
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 8.30927
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 21.7968
Pepe price
Bonk
Bonk (BONK)
$0.0000261 9.65276
Bonk price
Bitcoin
Bitcoin (BTC)
$63,647.00 5.29587
Bitcoin price
Ethereum
Ethereum (ETH)
$3,425.54 6.46887
Ethereum price
BNB
BNB (BNB)
$577.16 6.92799
BNB price
Solana
Solana (SOL)
$156.95 6.98888
Solana price
XRP
XRP (XRP)
$0.5339060 0.68842
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 8.30927
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 21.7968
Pepe price
Bonk
Bonk (BONK)
$0.0000261 9.65276
Bonk price
Bitcoin
Bitcoin (BTC)
$63,647.00 5.29587
Bitcoin price
Ethereum
Ethereum (ETH)
$3,425.54 6.46887
Ethereum price
BNB
BNB (BNB)
$577.16 6.92799
BNB price
Solana
Solana (SOL)
$156.95 6.98888
Solana price
XRP
XRP (XRP)
$0.5339060 0.68842
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000187 8.30927
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 21.7968
Pepe price
Bonk
Bonk (BONK)
$0.0000261 9.65276
Bonk price

Solana surges 14%, closing the gap with BNB again

solana-surges-14-closing-the-gap-with-bnb-again
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Markets
Solana surges 14%, closing the gap with BNB again

Solana recorded impressive gains after dropping below the $90 mark on Jan. 8, and its Relative Strength Index suggests strong bull momentum. 

Solana (SOL) is up by 14% in the past 24 hours and is trading at $101.50 at the time of writing. The asset’s market cap surged to $43.8 billion, getting close to BNB’s $46 billion market capitalization again.

Solana surges 14%, closing the gap with BNB again - 1
SOL price, RSI, open interest and funding rate – Jan. 9 | Source: Santiment

Moreover, Solana’s 24-hour trading volume registered a 43% increase, reaching $4.1 billion. 

According to data from Santiment, the total open interest (OI) in Solana’s perpetual futures contracts increased by 6.5% over the past 24 hours — currently at $944 million.

Data from the market intelligence platform shows that more than 50% of the SOL investors are betting on a further price hike. Per Santiment, Solana’s funding rate from all trading platforms is at 0.01% at reporting time. 

Furthermore, Solana’s RSI slightly increased in the past 24 hours — rising from 35 to 37. The indicator suggests that the fifth-largest cryptocurrency is steadily rising while small price fluctuations are expected. 

Solana’s RSI must stay below the 50 mark to maintain its bullish momentum.

On Jan. 8, the Solana Foundation released its developer report stating that the ecosystem currently has between 2,500 and 3,000 active developers. 

The report states that one of the main reasons behind the increase in the Solana developers could be the Solana Hyperdrive Hackathon. According to the Solana Foundation, the company added 41 jobs in December 2023 alone.