Bitcoin
Bitcoin (BTC)
$60,888.00 -1.67135
Bitcoin price
Ethereum
Ethereum (ETH)
$2,382.17 -2.05036
Ethereum price
BNB
BNB (BNB)
$564.57 -2.29249
BNB price
Solana
Solana (SOL)
$138.92 -1.83096
Solana price
XRP
XRP (XRP)
$0.538065 1.64486
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 -1.868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000092 -1.67119
Pepe price
Bonk
Bonk (BONK)
$0.0000198 -3.75657
Bonk price
Bitcoin
Bitcoin (BTC)
$60,888.00 -1.67135
Bitcoin price
Ethereum
Ethereum (ETH)
$2,382.17 -2.05036
Ethereum price
BNB
BNB (BNB)
$564.57 -2.29249
BNB price
Solana
Solana (SOL)
$138.92 -1.83096
Solana price
XRP
XRP (XRP)
$0.538065 1.64486
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 -1.868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000092 -1.67119
Pepe price
Bonk
Bonk (BONK)
$0.0000198 -3.75657
Bonk price
Bitcoin
Bitcoin (BTC)
$60,888.00 -1.67135
Bitcoin price
Ethereum
Ethereum (ETH)
$2,382.17 -2.05036
Ethereum price
BNB
BNB (BNB)
$564.57 -2.29249
BNB price
Solana
Solana (SOL)
$138.92 -1.83096
Solana price
XRP
XRP (XRP)
$0.538065 1.64486
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 -1.868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000092 -1.67119
Pepe price
Bonk
Bonk (BONK)
$0.0000198 -3.75657
Bonk price
Bitcoin
Bitcoin (BTC)
$60,888.00 -1.67135
Bitcoin price
Ethereum
Ethereum (ETH)
$2,382.17 -2.05036
Ethereum price
BNB
BNB (BNB)
$564.57 -2.29249
BNB price
Solana
Solana (SOL)
$138.92 -1.83096
Solana price
XRP
XRP (XRP)
$0.538065 1.64486
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 -1.868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000092 -1.67119
Pepe price
Bonk
Bonk (BONK)
$0.0000198 -3.75657
Bonk price

Solana’s market cap surpasses $50b, more investors longing

solanas-market-cap-surpasses-50b-more-investors-longing
Edited by
Markets
Solana’s market cap surpasses $50b, more investors longing

Amid Solana’s (SOL) recent bullish momentum, the asset’s market cap reached a 21-month-high.

SOL is up by 1.5% in the past 24 hours and is trading at $117 at the time of writing. The asset’s total market capitalization currently stands at roughly $50 billion — briefly touching $53.4 billion on Dec. 26.

Solana’s market cap surpasses $50b, more investors longing - 1
SOL price, social volume, open interest, Binance funding rate and RSI – Dec. 26 | Source: Santiment

Solana’s 24-hour trading volume also increased by 22%, surpassing the $6 billion mark.

According to data provided by the market intelligence platform Santiment, the total open interest (OI) in SOL has witnessed a $2 million decline in the past 24 hours — currently standing at $1.435 billion. 

Despite the slight decline in Solana’s total OI, Santiment data shows that the long-position holders are increasing.

SOL’s Binance funding rate rose from 0.01% to 0.06% over the past day, showing a slightly bigger dominance of long futures contracts, per the market intelligence platform. 

On the other hand, Solana’s social volume declined by 19% over the last 24 hours. The decline comes as the broader crypto market sees a correction.

Solana’s Relative Strength Index (RSI) also rose with the recent price surge. According to Santiment, the asset’s RSI currently stands at 87, suggesting the possibility of a price decline since an incoming selling pressure could be triggered.

If SOL’s RSI remains below the 65 mark, analysts expect a potential price surge.

On Dec. 25, the number of Solana daily active addresses surpassed 15.6 million unique wallets, recording a 50% rise since November.