SOL Uncertainty: Purchase Alternative or $8 Plunge Amid FTX Liquidation?

• Visa’s USDC settlement increase offers Solana a aggressive edge in crypto.
• FTX’s looming liquidation casts a shadow of uncertainty over Solana’s market stability.
• Solana’s worth hovers at a vital assist stage, whereas resistance at $19.84 might set off a bullish rally.

Solana’s (SOL) worth has not too long ago proven resilience after Visa introduced its plans to introduce USDC settlement over the Solana community. Nevertheless, the market additionally buzzes with hypothesis round potential liquidation by the FTX trade, which holds a considerable quantity of Solana tokens.

Visa Announcement Boosts Solana

Final Tuesday, Visa revealed its intention to facilitate USDC settlements on Solana, which elevated the cryptocurrency’s worth by 4.39% to $20.25. In addition to this, different main cryptocurrencies like Bitcoin and Ethereum stayed comparatively flat. The announcement is a giant vote of confidence in Solana, which many see as a viable Ethereum various due to its velocity and low prices.

As well as, PayPal USD, its branded stablecoin, went p…

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