bitcoin
Bitcoin (BTC) $ 98,675.44
ethereum
Ethereum (ETH) $ 3,468.40
tether
Tether (USDT) $ 0.999223
bnb
BNB (BNB) $ 701.71
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.29
binance-usd
BUSD (BUSD) $ 0.998802
dogecoin
Dogecoin (DOGE) $ 0.330863
cardano
Cardano (ADA) $ 0.911284
solana
Solana (SOL) $ 197.98
matic-network
Polygon (MATIC) $ 0.513724
polkadot
Polkadot (DOT) $ 7.47
tron
TRON (TRX) $ 0.257394
bitcoin
Bitcoin (BTC) $ 98,675.44
ethereum
Ethereum (ETH) $ 3,468.40
tether
Tether (USDT) $ 0.999223
bnb
BNB (BNB) $ 701.71
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.29
binance-usd
BUSD (BUSD) $ 0.998802
dogecoin
Dogecoin (DOGE) $ 0.330863
cardano
Cardano (ADA) $ 0.911284
solana
Solana (SOL) $ 197.98
matic-network
Polygon (MATIC) $ 0.513724
polkadot
Polkadot (DOT) $ 7.47
tron
TRON (TRX) $ 0.257394
More

    Why is Solana (SOL) value down right now?

    Latest News

    Solana’s native token, SOL (SOL), skilled a outstanding 58.6% surge in simply 5 days, reaching a $64 excessive on Nov. 11. Nonetheless, the next two-day retracement of 11.3% to $54 has prompted traders to query whether or not this alerts a fading bullish momentum or merely a short lived value adjustment.

    To place SOL’s efficiency into context, it may be in contrast with different main altcoins. Since its peak on Nov. 11, Avalanche’s AVAX (AVAX) has rallied by 17%, Ether (ETH) gained 1%, and BNB (BNB) traded down 2%. This comparability underscores that SOL has underperformed within the broader altcoin market. Subsequently, the 5.5% day by day decline on Nov. 13 is unlikely to be tied to macroeconomic or sector drivers, such because the potential approval of a spot BTC exchange-traded fund.

    7-day funding charges at high exchanges. Supply: CoinGlass
    Blockchains TVL rating in USD. Supply: DefiLlama
    Blockchains by NFT gross sales volumes in USD, 7-day. Supply: CryptoSlam

    Proceed Studying on Cointelegraph

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