Cryptocurrency, which was created by a Ukrainian, grew by 14% per day
Date: 2023-07-04 Author: Karina Ziganova Categories: CRYPTO PAYMENTS
Solana has become a leader in the crypto market
The Ukrainian cryptocurrency made it to the list of the top 20 market capitalization and surpassed other assets in daily growth. Back on June 30, the cost of one token was $18.57, which is 10.6% more than in previous days.
Solana demonstrated the following indicators:
Support – $15.09;
Resistance – $17.87.
Analysts stressed that if the token manages to hold above the resistance level, it could indicate a potential recovery of up to $20.
By the way, this week Solana registered a significant surge in daily active addresses. Also, the mood of the community of this cryptocurrency is quite positive - the index of fear and greed shows 54 (neutral).
What is the advantage of the Bitcoin standard
The number of bitcoins will never exceed 21 million, and the emission schedule is known in advance through open access to data. However, these are not all the advantages of this crypto.
Benefits also include:
the opportunity to participate in mining for everyone;
the extraction of new blocks cannot be arbitrary, such as printing money or creating their electronic analogues;
separation of money from the state.
These advantages create the prerequisites for the stable development of the economy with the possibility of long-term planning and investment.
