Solana （SOL） and its altcoins achieve notable gains, reflecting a strong performance in the crypto market.
Points
- Solana’s market value of altcoins increased from $220.93 billion to $234.7 billion in a week.
- Jupiter （JUP） token rose by nearly 11% in 24 hours.
- PYTH Coin gained 8.6%, with a weekly growth of over 10%.
- Dogwifhat （WIF） meme coin grew 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.
Solana （SOL） and its ecosystem of altcoins have experienced significant gains recently. In the past week, the market value of altcoins on the Solana network surged from $220.93 billion to $234.7 billion. This impressive growth highlights the increasing investor confidence and interest in Solana-based projects.
Jupiter （JUP）, the leading DeFi platform on Solana, saw its token rise by nearly 11% in the last 24 hours, with a weekly increase of 4.28%. Despite the fluctuations in Bitcoin’s price, PYTH Coin also rose by 8.6%, achieving over 10% weekly growth. The popular meme coin Dogwifhat （WIF） increased by nearly 5%, reaching a market value of $2.62 billion.
Solana’s network volume surged by 20% in the last 24 hours, hitting $2 billion. The total locked value （TVL） on the Solana network climbed to $5.42 billion, with unique addresses rising by 15% in a week. These metrics indicate robust activity and growing interest in the Solana ecosystem.
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.
解説
- DeFi （Decentralized Finance）: A financial system built on blockchain technology that operates without intermediaries, offering services like lending, borrowing, and trading directly to users.
- 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.
Solana’s recent performance demonstrates its resilience and potential for continued growth. With strong technical indicators and increasing market interest, Solana and its associated altcoins are well-positioned to achieve further gains in the crypto market.