TL; DR
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Solana is not only one of the youngest projects in the top ten, but also performs better than all the others.
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The sales volume of Solana’s NFT ecosystem is now outperforming that of Ethereum – that’s huge, considering ETH has about 10x more value ($$$) around its ecosystem (which = 10x more incentive to try trading/earning with it ).
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This is what worries and haunts the SOL market: FTX owns about $4 billion worth of SOL and could sell at any time.
Full story
Solana: the overperforming younger brother of the top ten crypto projects.
(Forgive us for tooting our own horn, but…)
That analogy is that special on point!
Solana is not only one of the youngest projects in the top ten, but also performs better than all the others.
Check out these stats:
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SOL is up 13% this weekend, for a total increase of 7.5x from this year’s lows.
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The sales volume of Solana’s NFT ecosystem is now outperforming that of Ethereum – that’s huge, considering ETH has about 10x more value ($$$) around its ecosystem (which = 10x more incentive to try trading/earning with it ).
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Solana’s first major meme coin ($BONK) is currently doing numbers! It is an increase of 26%.
That said, Solana isn’t perfect…
This is what worries and haunts the SOL market:
FTX owns about $4 billion worth of SOL and could sell at any time.
(The higher the price goes, the more incentive it has to sell and repay its accounts receivable).
…and the more selling pressure there is, the lower the price is likely to go. It’s a risk!
But for now? Hooray, the price is going up!