Solana （SOL） and its associated altcoins experience substantial gains, with market value surging and key tokens performing strongly.
Points
- Solana’s market value of altcoins surged from $220.93 billion to $234.7 billion in a week.
- Jupiter （JUP） token increased by nearly 11% in 24 hours.
- PYTH Coin experienced an 8.6% increase, surpassing 10% weekly gain.
- Dogwifhat （WIF） meme coin grew by nearly 5%, reaching a market value of $2.62 billion.
- Solana’s network volume surged by 20% to $2 billion, with total locked value at $5.42 billion.
In the past 24 hours, Solana （SOL） and its associated altcoins have recorded substantial gains. Within a week, the market value of altcoins on the Solana network surged from $220.93 billion to $234.7 billion. Jupiter （JUP）, the leading DeFi platform on Solana, saw its token rise by nearly 11%, with a weekly increase of 4.28%. Even amid BTC price fluctuations, PYTH Coin experienced an 8.6% increase, surpassing a 10% gain for the week. The meme coin Dogwifhat （WIF） also grew nearly 5%, reaching a market value of $2.62 billion.
Despite fluctuations in Bitcoin’s price, Solana’s ecosystem continues to thrive. PYTH Coin’s 8.6% increase, surpassing a 10% weekly gain, reflects the growing confidence in Solana-based projects. The meme coin Dogwifhat （WIF） also showed impressive growth, nearly 5%, reaching a market value of $2.62 billion.
On the technical front, a cup and handle formation observed since May 20 suggests a potential 35% rise for SOL Coin if it surpasses the $186 neckline, potentially targeting $252. Unlike its competitor BNB, SOL Coin has yet to achieve a new all-time high, though it appears poised for further growth.
Solana’s network volume surged by 20% in the last 24 hours, hitting $2 billion. The total locked value on the Solana network jumped to $5.42 billion, with unique addresses rising by 15% in a week. These metrics highlight the robust activity and increasing interest in the Solana ecosystem.
解説
- Market Value: The total value of a cryptocurrency’s circulating supply, calculated by multiplying the current price by the total supply.
- Cup and Handle Formation: A bullish technical analysis pattern indicating a potential upward breakout, characterized by a rounded bottom （cup） followed by a smaller downward movement （handle）.
- Total Locked Value （TVL）: The total value of assets locked in a DeFi protocol, representing the overall health and usage of the protocol.
The recent surge in Solana altcoins’ market value underscores the growing strength and appeal of the Solana network. With robust metrics and promising technical patterns, Solana and its associated tokens are well-positioned for continued growth in the crypto market.