June 4, 2023

Wreck falls on Solana again [SOL] With the operation of the crypto market in recent days.One of the main reasons for the latest carnage was Federal Reserve Chairman Jerome Powell Newest speech. With his remarks major cryptocurrencies have lost their respective support, it seems that SOL is one of the hardest assets out there.

Solana is down 9.5% in the past day alone, changing hands at $31.76 at press time. This is Solana’s lowest point since mid-July, according to data from Coin Market Cap.

As mentioned, some traders expect the price to retest the $26 mark as bearish sentiment on Solana grows. Additionally, some expect prices to plummet further.

This week, however, the Solana ecosystem has seen some signs of respite, with some unlikely winners. Following the recent carnage, some of these protocols have increased activity as token holdings have grown.

We believe in Solana!

Solana News reports the highest daily returns in the Solana ecosystem tweet. According to the update, Soldoge is unlikely to be the winner of the best performing asset on Solana.

The SDOGE token has surged 100.2% in the past 24 hours. It was followed by Kitty Coin Solana with a 24.5% increase in the price of the token.

At the same time, Solana Daily published data About the highest ranked Solana token among holders. Currently, KIN remains the most held token among 6.74 million holders. It is followed by Gari, which is held by 1.88 million investors. This is followed by Stepn’s GST and GMT tokens based on the Solana game.

The Solana community will be delighted to see that old faces are now the top dApps on Solana.solana daily assertion Gameta is again the best dApp based on Solana with over 56,440 daily users.

It is followed by the famous NFT marketplace Magic Eden and OpenSea with 28.8K and 4.7K daily users respectively.

Where is the departure SOL?

These developments on the Solana network are further shown on the development activity indicator. Santiment shows that the network is showing signs of stable operation, but has seen a modest pullback recently.

This puts the indicator of development activity at 9.24 at press time, which is not expected to rise until the market recovers steadily.

Source: Santiment

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