Solana Currently in the spotlight, attracting glaring attention from the overall cryptocurrency market as positive sentiment around the digital asset has seen a significant rise, cementing its position in the industry as a leading asset.
Solana’s positive morale reaches a new level
Leading on-chain data analytics firm Santiment reports that positive sentiment around Solana is gaining momentum, rising to new levels due to renewed investor confidence and a wave of optimistic developments within its ecosystem. The platform moved to social media platform X (formerly Twitter). Share progress with the cryptocurrency community, sparking discussions about its impact on digital assets.
According to the platform, this increase in enthusiasm among SOL traders and investors It represents a nine-month high. Santiment noted that there are currently about 5.6 positive posts for every one bearish post across several major social media platforms such as X, Reddit, Telegram, 4Chan, and BitcoinTalk.
Santiment initially spotted the sudden rise in market sentiment around SOL on Friday last week. “As the vast majority of cryptocurrencies enjoyed gains on Friday, SOL stands out as an asset seeing a significant rise in bullish crowd sentiment,” Santiment stated.
Specifically, the recent spike was attributed to “very loose rumors” that Apple might be building on the Solana blockchain, causing a huge wave of hype for the cryptocurrency asset. While SOL has attracted significant attention from the public, market sentiment around other major digital assets, e.g Bitcoin (BTC) and Ethereum (ETH)remained neutral, suggesting that investors may be more optimistic about SOL’s potential in the short term.
Moreover, rumors spread It may have a positive impact on the SOL community, but there is still a risk as there is no official confirmation yet about the potential development. Thus, tTraders and investors are advised to proceed with caution and closely monitor the price of SOL, considering how the price of cryptocurrencies is heavily influenced by hype and engagement from the social media sector, as news continues to spread.
SOL price responds to Apple rumors
Today SOL price is showing an upward movement after the news about apple Potentially works with Solana blockchain. In the past day, the cryptocurrency asset has responded very well to the rumors, and has seen a price growth of around 4%, pushing SOL above the $150 mark.
At the time of writing, SOL was sitting at $153, according to data from CoinMarketCap. It seems that investors and traders are betting on… Alternative currency The market value and trading volume increased by approximately 3.45% and 80.10%, respectively, last day.
with Sol Showing strong price action due to unofficial rumours, there is no doubt that once the news is officially confirmed, the altcoin could see further gains in the coming days.
Featured image from Adobe Stock, chart from Tradingview.com