Crypto in Focus: Solana (SOL)

• SOL-USDT is currently trading at $20.8, up by 9% in the past 7 days
• It is above the EMA 55 and EMA 200 trend line, showing bullish signs with a support zone near $20.0 to $20.5 

Trade SOL-USDT on CoinDCX 

Trade SOL-USDT on CoinDCX Pro 

The token is building positive momentum due to the following reasons:

• Monthly active addresses have increased by 145% in May to an all time high of 39.75 Mn users
• Social dominance is up by 40% in last 1 week, reflecting the token’s popularity
• Development activity has increased by 150%, at a 3 month high, indicating more projects are being built by the developers
• Recently, Solana became the first layer 1 blockchain to expand into the AI space with a new Chat GPT plugin. This allows users with many use cases like buying NFTs, token transfer, tracking transactions.

Note: This is not an investment advice and we highly recommend that you do your own research

Source: Santiment Twitter