COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Solana’s Price Surge in the Crypto Market
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Solana (SOL) > Solana’s Price Surge in the Crypto Market
Solana (SOL)

Solana’s Price Surge in the Crypto Market

In Brief

  • Solana's price jumps with market buying frenzy.

  • Related Dogewhatif (WIF) project coincides with Solana's gains.

  • Increased Solana network activity suggests rising demand for SOL.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Solana price has risen due to the buying frenzy in the cryptocurrency market. On March 14th, the SOL price saw an approximate 6.70% increase, reaching $174, its highest level since January 2022. In doing so, the cryptocurrency outperformed the general crypto market, which fell by 0.25% on the same day. However, at the time of writing, SOL was trading at $166.

Contents
Why Is Solana Rising?Bitcoin and Solana

Why Is Solana Rising?

The recent increase in Solana’s value and the notable gains of the past day coincide with the process created by the associated memecoin project Dogewhatif (WIF). In particular, WIF supporters successfully financed $50,000 against their $700,000 goal. The community used the funds raised to highlight the token logo in Las Vegas. The price of Dogwifhat (WIF) increased by 25%, reaching a new peak above $3 and attaining a market value of $3 billion after the campaign.

Interestingly, Solana’s price began to rise shortly after the Dogwifhat campaign was announced on March 10th. Since then, the SOL price has increased by more than 24% and gained momentum, particularly after the successful WIF crowdfunding.

Solana bulls have recently responded positively to the launch of memecoin projects within the blockchain ecosystem, and a recent Franklin Templeton study indicated that during the same period when the network’s popular memecoin project BONK saw a price increase in the fourth quarter of 2023, a significant percentage of all active addresses’ activities were captured.

Such events contribute to speculation around the potential for increased SOL demand due to more activity with decentralized applications (DApps) and transactions on the Solana platform. The latest figures for Solana show an increase in network activity. As of March 14th, the total value locked in the Solana network reached its highest level since December 2022, with 23.07 million SOL.

Bitcoin and Solana

Solana’s current price increase is part of the prevailing recovery movement against Bitcoin. In particular, the SOL/BTC pair has increased by 32.45% after reaching a local low of 0.0017 BTC earlier this month. This includes a 6.60% increase on March 14th, indicating that investors shifted their capital from the Bitcoin market to Solana.

Bitcoin has shown a 65% increase so far this year, and the daily Relative Strength Index (RSI) indicates overbought conditions. Investors may see altcoins that have not yet caught up with Bitcoin as riskier at this point. Conversely, altcoins like Solana and XRP have recently exhibited relatively lower RSI values, suggesting a more balanced market sentiment for these assets.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Solana Foundation Launches Strategic Partnership with Kazakhstan for Digital Advancement

Solana Challenges Market Dynamics: Price Stays Flat

Experts Anticipate Crypto Market Breakthroughs with Solana, Ethereum, and Bitcoin

SEC Delays Decision on Franklin Templeton’s Spot SOL and XRP ETFs

Discover MemeStrategy’s Strategic Move with Solana Investment

COINTURK NEWS 14 March, 2024 - 10:46 pm 14 March, 2024 - 10:46 pm
Share This Article
Facebook Twitter
Share
Previous Article Solana’s Price Surge in the Crypto Market
Next Article Analyst Who Tracks Every Bitcoin Move Warns Investors About These 3 Altcoins
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Exciting Developments in Crypto: Powell’s Statements and Chainlink-Mastercard Collaboration
Cryptocurrency News
Discover Exciting Developments in the Crypto Landscape Today
Binance
US Consumer Confidence Report Triggers Positive Moves in Crypto Markets
Economy
Cryptocurrency Markets React to White House Trade Announcements
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?