• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Thursday, June 5, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

Solana Surpasses PayPal In Market Cap As Price Soars 6%; Analyst Predicts ‘Big Breakout’ Ahead

Sergio Gruber by Sergio Gruber
October 29, 2024
in Crypto, News
Reading Time: 2 mins read
A A
0
Solana Surpasses PayPal In Market Cap As Price Soars 6%; Analyst Predicts ‘Big Breakout’ Ahead
0
SHARES
0
VIEWS
FacebookTweetPinShareShare

Explore the recent surge of Solana (SOL), a leading cryptocurrency currently ranking fifth by market capitalization. This digital asset has recently demonstrated remarkable growth, outperforming many of its competitors with a notable 6% price increase over the past week. This impressive rise places Solana just behind Dogecoin (DOGE), which saw a 7.8% gain, marking them as the top performers among the leading cryptocurrencies.

Solana Surpasses PayPal in Market Capitalization

In a significant achievement, Solana has overtaken PayPal in terms of market capitalization. As it stands, Solana’s market capitalization is approximately $83.56 billion, showing a 2% increase. In comparison, PayPal’s market cap is slightly lower at $83.52 billion. This shift underscores the growing interest and investment in Solana as it continues to capture the attention of investors worldwide.

blockdag 70m

Trading Volume and Market Activity

In the realm of trading volume, Solana has experienced a substantial boost, with a nearly 28% increase in the last 24 hours, reaching around $2.76 billion. This starkly contrasts with PayPal, which has maintained an average trading volume of $11.66 million over the past three months.

Despite these gains, Solana faces challenges in overcoming a key resistance level at $180. The cryptocurrency has made four attempts in the past week without success, leading to a slight retracement of 1% in the last 24 hours. The current trading price hovers around $175.60 per SOL.

Analyzing Potential Breakout Patterns for Solana

Despite short-term hurdles, there is a bullish outlook for Solana’s price trajectory. Prominent crypto analyst CryptoBullet predicts a significant breakout for the SOL/BTC trading pair, suggesting a potential final upward movement in Solana’s current market cycle. According to CryptoBullet, Wave 4 of Solana’s weekly price action has concluded, paving the way for a breakout from a “massive” triangle pattern, potentially reaching new all-time highs.

Current Price Trends and Support Levels

Presently, Solana is trading between $175 and $179, which is nearly 33% below its all-time high of $259 reached during the 2021 bull market. However, the token has found strong support at $170, preventing further declines. If this support is breached during the current retracement, SOL could test the $164 area, where its next support level lies.

Looking ahead, numerous bullish predictions for Solana suggest a promising future, particularly with the upcoming US elections. If Solana can surpass the $180 mark and consolidate, the next target would be the $200 level, untested since the bearish trend commenced at the end of July.

Conclusion: Solana’s Future in the Crypto Market

Overall, Solana’s recent performance indicates a strong potential for growth, supported by increased market interest and investment. As the cryptocurrency market continues to evolve, Solana’s strategic positioning and technological advancements could play a pivotal role in its future success.

Previous Post

Bitcoin Dominates $3.4 Billion October Crypto Inflows—What’s Behind the Boom?

Next Post

Coinbase CEO Calls on Next SEC Chair to Drop “Frivolous” Lawsuits and Apologize to Americans

Sergio Gruber

Sergio Gruber

Financial writer Hello, my name is Sergio Gruber and I am a finance editor with a specialization in blockchain and cryptocurrency. I have a deep understanding of how the financial world is being transformed by these exciting technologies.I received my degree in Finance Editing from Western Washington University, where I learned how to combine my passion for writing and financial analysis. Since then, I have worked with a number of high-profile publications, helping to educate and inform readers about the latest developments in the world of blockchain and cryptocurrency.

Next Post
Coinbase CEO Calls on Next SEC Chair to Drop “Frivolous” Lawsuits and Apologize to Americans

Coinbase CEO Calls on Next SEC Chair to Drop "Frivolous" Lawsuits and Apologize to Americans

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.